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200303202
<br />Forte of Nab re.W Slide, Above This tine Far Recording Date
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is Mar 13, 2003 - and the parties and their addresses
<br />are as follows:
<br />TRLiSTOR: Vernon Bredthauer a /k /a Vernon D. Bredthauer and Patricia A. Bredthauer a/k/a
<br />Patricia Bradthaver, Husband & Wife, Bredthauer Brothers, L.L.C.
<br />14287 W. Rolling Road
<br />Wood River, WE 68883
<br />0 Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: union Bank and Trust Company
<br />3643 South 48th Street
<br />Lincoln, NH 68506
<br />BENEFICIARY: Union Bank and Truest Company
<br />3643 South 48th Street, PC Box 82535 Lincoln, WE 68501 -2535
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure
<br />the Secured Debt (hereafter defined), Tmstor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of the
<br />Beneficiary, with power of sale, the following described property:'
<br />The North Half of Section Thirty -Six (36), Tonsil Ten (10) North, Range Twelve (12) West of the its
<br />P.N., Hall county, Nebraska excepting a certain tract more particularly described in Book 76, Page 252 and
<br />excepting a cartel. tract more Htrtienlarl, described in seek 146, Pagn 325.
<br />The property is located in Hall at N2 36- ION -12W Hall County
<br />(Caua9y)
<br />Nebraska
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all diversion
<br />payments or third party payments [Wade to crop producers, and all existing and future improvements, structures, fixtures,
<br />and replacements that may now, or at any time in the future, be pact of the real estate described above (all referred to as
<br />"Property"). The term Property also includes, but is not limited to, any and all water wells, water, ditches, reservoirs,
<br />reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property, however
<br />established.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amomit of the Secured Debt (hereafter defined) secured by this
<br />Deed of trust at any one time shall not exceed $ "800 000.00 _ . This limitation of amount does not include
<br />interest, loan charges, commitment fees, brokerage comendissions, attorneys' fees and other charges validly made pursuant to
<br />this Deed of Trust and does not apply to advances (or interest accrued on such advances) made under the terms of the; Deed
<br />of Trust to protect Beneficiary security and to peform any of the covenants contained in this Deed of Trust. Future advances
<br />ace contemplated and, along with other future obligations, are secured by this Decd of Trust even though all or pact may not
<br />yet be advanced. Nothing in this Deed of Trust, however, shall constitute a commitment to make additional or future loans
<br />or advances in any amount_ Any such commitment would need to be agreed to in a separate writing
<br />4. SECURED DEBT DEFINED. The term "Seemed Debt" includes, but is not limited to, the following:
<br />A. The promissory note(s), contract(s), guaranty(S) or other evidence of debt described below and all extensions,
<br />renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it is suggested that
<br />you include items such as borrowers' names, rote amounts, interest rare.,, maturity dates, etc.) Variable Rate
<br />Promissory note dated 3/13/03 in the amount of $400,000 maturing 11/15/2012.
<br />NNSW AASKA .nAGMCULTURAbCOMMateWLOFID.1 TRUST INOT FORFNM A. PHI MC, FHA OR VA USE. AND NOT PORGONSUMER PURPOSES / ! Hl eI old
<br />iry.c,e, ©1993 Bankers Syslmmy Inc., 31. Cloud. MN Po,m AGiCO DT RE 318 @B01
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