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<br />State of Nebraska - -- Space Above Ths IAne Fur Recording Date
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />❑ Master form recorded by .............................
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .................. 07. 28,2003,,,,,,______,,,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
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<br />TRUSTOR: KENNETH A. LANCASTER; KAREN J. LANCASTER; PALLET ADVISORS, INC., HUSBAND AND WIFE AND A NEBRASKA CORPORATION
<br />411 N. SHADY BEND ROAD
<br />GRAND ISLAND, NE 88802
<br />410727249
<br />El If checked, refer to the attached Addendum incorporated herein, for additional Tractors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: SECURITY NATIONAL BANK OF OMAHA
<br />3500 FARNAM STREET
<br />OMAHA, NE 68131
<br />470485338
<br />BENEFICIARY: SECURITY NATIONAL BANK OF OMAHA
<br />A NATIONAL BANKING ASSOCIATION
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE UNITED STATES OF AMERICA
<br />P, O. BOX 31400 OMAHA, NE 68131-400
<br />A7 04FS3'9
<br />CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, nod co
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />properly:
<br />LOT ONE (1), FAIRACRES DAIRY FOURTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in ...... _ ....................... HALL................. _............. at 411 00 417 NORTH SHADY BEND go40,, , , _ _
<br />(CUUnty)
<br />............................ ............._..._............, ................_ GPAND.l5LAN0.... .... ........... Nebraska ........69842........
<br />(Address) (City) (ZIP CodC)
<br />'together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rigbm, all water and riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixluren, and replacements that may
<br />now, or m any time in the future, be part of the real estate described above (all referred to as "Property ").
<br />MAXIMUM OBLI rATTON LIMIT. T11c total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 75,0099 ....... — ........ ........ _. _... ........ . This limitation of atnoum does not include interest and ocher lees
<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 Security Instrument to protect Beneficiary's Security and to perfonn any of the covenaam contained in this
<br />Security Instrument.
<br />SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory ime(s), contract(s), gumamy(s) or ocher evidence of debt described
<br />below and all their extrusions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note aniourcr, interest rates, maturity dares, arc.)
<br />A PROMISSORY NOTE DATED FEBRUARY 28, 2003
<br />SECURITY NATIONAL BANK
<br />NEBRASKA - DEED OF TRUST INOT FOR FNMA FHLMC, FHA OR VA USE) OF OMAHA (page 1 of 4)
<br />PO. Box 31400
<br />rte': cal sa4 S-1- sr .-, IK.. S,. aeaa, MN 1— as oT rE 1111Nol Omaha, Nebraska 68131 -0400
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