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<br />DEED OF TRUST
<br />(With Future Advance Clause) , t�
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument is Mar 14,_ 2003
<br />and the parties, their addresses and tax ider lificadon numbers, if required, are as follows:
<br />TRUSTOR: Diane Semm, wife and husband
<br />Dale Semm, wife and husband
<br />4851 W Abbott Road
<br />Grand Island, HE 68803
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trusmrs, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NE 68802
<br />BENEFICIARY:
<br />Union Bank and Trust Company -Grand Island
<br />2008 North Webb Road Grand Island, HE 68803
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Sectuity Instrument, Truster Irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Reneficiary, with power of sale, the following described
<br />property:
<br />Lot 12, IN BLOCK 1, IN AXT AND HAGGES ADDITION TO THE CITY OF GRAND ISLAND, BALL
<br />COUNTY, NEBRASKA
<br />The property is located in ------------- ____Hall at 267_S Kimball______________
<br />(county)
<br />_______________ , _______ Grand_Island .......... Nebraska_____ 68801 ___
<br />(Addrass) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water aid riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the figure, be part of the real estate described above (all referral to as "Property ").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed S 5100,635.24 . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Securily instrument to protect Beneficiary's security and to perform any of the cov Emits contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is define] as follows:
<br />A. Debt incurred under the terms of all promissory notas), contract(s), guaramy(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or subs(itutions. (When referencing the debts below H is
<br />suggested that )nu include items such as borrowers' names, note amounts, interest rates, maturity dates, eta)
<br />FIXED RATE PROMISSORY NOTE 739690 IN THE AMOUNT OF $50,417.62 DATED MARCH 14,
<br />2003 fi MATURING ON SEPTEMBER 14, 2003
<br />NEBRASKA -DEED OF TRUST Mot 1o1lt.A. Fil IMC. van OR VA OrE) a, I f4)
<br />Q 1994 Bmkas Systems, Inc_ Et CIwE. MN (1600.397.2341) form RE DT 10127/97
<br />®- o166INE) (9906 102 VMP MORTGAGE FORME (606)621 7291
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<br />5bte of NrFrnsAa __ Space Above This Fine For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause) , t�
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument is Mar 14,_ 2003
<br />and the parties, their addresses and tax ider lificadon numbers, if required, are as follows:
<br />TRUSTOR: Diane Semm, wife and husband
<br />Dale Semm, wife and husband
<br />4851 W Abbott Road
<br />Grand Island, HE 68803
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trusmrs, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NE 68802
<br />BENEFICIARY:
<br />Union Bank and Trust Company -Grand Island
<br />2008 North Webb Road Grand Island, HE 68803
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Sectuity Instrument, Truster Irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Reneficiary, with power of sale, the following described
<br />property:
<br />Lot 12, IN BLOCK 1, IN AXT AND HAGGES ADDITION TO THE CITY OF GRAND ISLAND, BALL
<br />COUNTY, NEBRASKA
<br />The property is located in ------------- ____Hall at 267_S Kimball______________
<br />(county)
<br />_______________ , _______ Grand_Island .......... Nebraska_____ 68801 ___
<br />(Addrass) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water aid riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the figure, be part of the real estate described above (all referral to as "Property ").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed S 5100,635.24 . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Securily instrument to protect Beneficiary's security and to perform any of the cov Emits contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is define] as follows:
<br />A. Debt incurred under the terms of all promissory notas), contract(s), guaramy(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or subs(itutions. (When referencing the debts below H is
<br />suggested that )nu include items such as borrowers' names, note amounts, interest rates, maturity dates, eta)
<br />FIXED RATE PROMISSORY NOTE 739690 IN THE AMOUNT OF $50,417.62 DATED MARCH 14,
<br />2003 fi MATURING ON SEPTEMBER 14, 2003
<br />NEBRASKA -DEED OF TRUST Mot 1o1lt.A. Fil IMC. van OR VA OrE) a, I f4)
<br />Q 1994 Bmkas Systems, Inc_ Et CIwE. MN (1600.397.2341) form RE DT 10127/97
<br />®- o166INE) (9906 102 VMP MORTGAGE FORME (606)621 7291
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