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RE- RECORDED
<br />200305855 200303202
<br />State of Nebraslu Space Above This Llne For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />L] Construction Secrrlty Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is Mar 13, 2003 the parties and their addresses
<br />me as follows:
<br />TRUSTOR: Vernon Bredthauer a /k /a Vernon D. Bredthauer and Patricia A. Bredthauer a /k /a
<br />Patricia Bredthauer, Husband a Wife, Bredthauer Brothers, L.L.C.
<br />14287 W. Rolling Road
<br />Wood River, HIS 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, HE 68506
<br />BENEFICIARY: Union Bank and Trust Company
<br />3643 South 48th Street, PO Box 82535 Lincoln, HE 68501 -2535
<br />2. CONVEYANCE. For good mid valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure
<br />roe Secured Debt (haeaficr defined), 'Prustor 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), Township Ten (lO) North, Be.,,. TBelve (12) West of the 6th
<br />P.N., Hall County, Nebranex excepting a certain tract more Particularly described in Book 73, Page 252 and
<br />excepting a. certain tract more particnrarly described in Book 146, Pegs 325.
<br />The property is located in _ Hall _ _,_ ---- _ at N2 36-10N-12W Hall County_ .________ -__
<br />(County)
<br />Nebraska
<br />(nJJress) (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 made 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 part 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 TJMff. The total principal amount of the Secured Debt (hereafter defined) seemed by this
<br />Deed of Trust at any one time shall not exceed $ 8800, 000, Lim__ , 'this limitation of amount does not include
<br />interes„ loan changes, commitmwt fees, brokerage commissions, attorneys' fees and other charges validly made pursuant to
<br />this Deed of Trust and does not apply to advanws (or interest accrued on such advances) made under the teens of this Deed
<br />of Trust to protect Beneficiary security and to peform any of the covenants contained in this Deed of Trust Future advances
<br />are contemplated end, along with other future obligations, are secured by this Deed of Trust even though all or part 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 aniomn. Any such wmmitmmt would need to be agreed to in a separate writing.
<br />4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory note(s), contract(s), guaranty(s) or other evidence of debt descrihml 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' narnes, note amounts, interest rates, maturity dates, etc.) Variable Rate
<br />Promissory note dated 3/13/03 in the amount of $400,000 maturing 11/15/2012.
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