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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Apr 09,_ 2003 _ -----
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: Johnny P Pape, husband and wife and Peggy J Pape, husband and wife
<br />2405 Riverview Drive
<br />Grand Island, NE 68801
<br />El If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, HE 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 acrd 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 Security Instrument, Tractor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT NINETEEN (19), HORNINGSIDE ACRES THIRD SUBDIVISION, IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />The property is located in _____ Hall. _ _____________ at 2405 Riverview Drive
<br />(COUery)
<br />____ Grand_Island _ ,Nebraska 68801
<br />(Add¢ss) (City) (zlv code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and 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 future, be part of the real estate described above (all referred 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 $ 360,000.00 . 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 Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Fixed Rate Promissory Note 757095 dated April 09, 2003 in the amount of
<br />$25000.00 and maturing on April 28, 2008
<br />NEBRASKA -S,1 OF TRUST cool FOR 0 397 341)C, Form RE va use) /� Jpgve I ITS
<br />0199d Bm[asSYS(ens Jnu. 9l Cloud MN (I POO d9]9141)fmm PFal -Nk 10/2 IN �/�/� /��]/ —�/
<br />® -CI SEINE) (9800)A2 VMF MORTGAGE FORMS - (000)5219291
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