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200200962
<br />State. of Nebraska .Space Above Tlds U.S For R ecarding Dam
<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 ............ . _...,0,1;14;200,2,,,,__,,,_,_„ and the parties and their
<br />addresses are as fellows:
<br />TRUSTOR: Michael Patrick Hannon; Kimberly S. Hannon; Daniel W. Hannan; Karen Hannon, Husband and Wife, Husband and Wife
<br />7207 S Bluff Center BD
<br />Shelton, NE 68876
<br />506 02 1013
<br />fK Refer to the Addendum which is attached and incorporated herein for addihimal Trustors.
<br />'IRUSri EE: Heritage Bank
<br />110 E. 9th Street
<br />Wood River, NE 68883
<br />470098350
<br />BENEFICIARY: Heritage Bank
<br />110 East 9th Street
<br />P.O. Box 487
<br />Wood River, NE 68883
<br />47-009835D
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, aad W
<br />serum the Secured Debt (hereafter defined), Truster irrevocably grants, conveys and sells to 'I'mSmE, in trust for the
<br />henetit of the Beneficiary, with power of sale, the following describedpmperly:
<br />The East Half of the Northwest Ouarter IE112 NW 1141 in Section Seven 171, I ownship Ten 1101 North, Range Twelve 1121, West of the
<br />6th P.M., in Hall County, Nebraska.
<br />The property is located m _.__... Hall ........._...... .._. al.
<br />.. (County)
<br />. _...... _. ....... _.... _..__. _. _ .... ...... _.... Nebraska..... Co ..r....._._.
<br />(Addmss) (CItyJ (LIY le)
<br />Together with all rights, casements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
<br />diversion payments or third party payments made to crop producers, and all existing and future improvements, structures,
<br />fixtures, and replacements that may now, or at any tune in the future, be part of the real estate described above (all
<br />rel'caed to as "Property'). The term Property also includes, hub is not limited to, any and all water wells, water, ditches,
<br />reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property,
<br />however established.
<br />3. MAXIMDM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of'I'rust at any one time shall not exceed $ 180,Q411 Of- - _,__ ......................... . This lirtrienno n of amoma does
<br />But include interest, loan charges, commitment tees, brokerage commissions, attorneys' fees and other charges validly
<br />made pursuant to this Deed of Trust and does not apply to advancca (or interest accrued on such advances) made under the
<br />terms of this Deed of 'Trust to protect Beneficiary security and to perform any of the Cavernus contained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this Deed of Trust even
<br />though all or part may not yet be advanced. Nothing in this Deed of Trust, however, shall constitute a co ntridment to
<br />make additional or future loans or advances in any amount. Any such commitment would need hI he agreed to in aseparaW
<br />writing.
<br />4. SECURED DEBT DEFINED. The term "Secured Dcbl" includes, but is not limited to, the following:
<br />A. The promissory onte(s), confract(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, note amounts, interest rates, maturity dates, etc.)
<br />Promissory Note dated 114 2002 and executed by Daniel W. Hannon, Karen Hannon, Michael Patrick Hannan and Kimberly S.
<br />Hannon
<br />NEBRASKA- AGRGULTUBAiCOMMEPCIAL nEEnoFTRUST IND I FORFFMA, IHIMC, ENA OR VA USE, AND NOT FOR CONSUMER PURPOSES) ^III Gabe 1o>�
<br />E , 0 Is- aanb¢Symms.Inc. 11 G)wE, MN term ACJLO -nT-NE slRooe 1
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