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<br />State of Nebraska
<br />Space Above
<br />This IAne For Recording Data
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<br />DE D TRUST
<br />(With Future Advance Clause)
<br />❑
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this
<br />Decd of Trust (Security Instrument)
<br />is .... ......
<br />.......
<br />03:25!2002,- ......._..._
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<br />and the parties, their addresses and tax identification
<br />mambos, if required, are as follows:
<br />TRUSTOR: Max A. Bachman and Melanie S.
<br />Bachman, Husband and Wife
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<br />4119 Cannon Rd
<br />Grand Island, NE 68803
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Heritage Bank
<br />1333 N. Webb Road
<br />Grand Island, NE 68802.5138
<br />47- 0098350
<br />BENEFICIARY: Heritage Bank
<br />Organized and existing under the laws of the state of Nebraska
<br />1333 North Webb Road
<br />P.O. Box 5138 Grand Island, NE 68802
<br />47- 0098350
<br />2. CONVEYANCE. For good and 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, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property: Lot Two (2), Hadenfeldt Subdivision, City of Grand Island, Hall County, Nebraska
<br />The property is located in ......................... ........ Hall ............................. .. at 4119.OaR 90d...........................
<br />(County)
<br />..............I ................... Grand lslapd.................. Nebraska ........6$803.......
<br />(Address) (City) (ZIP 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. MAXEM UM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 73, 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 />Max and Melanie Bachman Heritage Bank note #2310585 of even date herewith
<br />NEBRASKA - DEED OF TRUST INOT FOR FNMA, FHLMC, FHA OR VA USE) /ft�� t 4%
<br />X1994 Bankers Systems, Inc., St. Cloud, MN I1-800 -397 -2341) Farm RE -DT -NE 10t271 F p ` (t `� 1 rl I J/ xn!
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