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<br />State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trpst (Security.jns�rt In 4t) jA �,W —Afi,- 3004f _ - -- - - - - - - - - - - - -
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: Randal L Martin
<br />Lucy L Martin, Husband and Wife
<br />2611 ST Patrick Ave
<br />Grand Island, NE 68803 -1308
<br />O
<br />4
<br />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 82535
<br />Lincoln, NE 68501-2535
<br />BENEFICIARY:
<br />Union Bank and Trust Company-Grand Island
<br />2008 North Webb Road Grand Island, NE 68803
<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:
<br />Lot Two (2), Block Two (2), Dickey Third Subdivision, a Resubdivision of all of
<br />Blocks Two (2) and Three (3), Dickey Subdivision, and all Blocks One (1) and,Two
<br />(2), Dickey Second Subdivision to the City of Grand Island, Hall County, Nebraska.
<br />The property is located in--- -------- - - - - -- Hall ---------------- at 2611 ST -Patrick-Ave --------
<br />(County)
<br />----------------------------- ---- -'
<br />-------- Grand-Island --------- , Nebraska - _68803-1308
<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. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 64,238.00 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. (rytfen referencing the debts below it is
<br />suggested that you include items such as dorrouers' names, note amounts, interest rates, mutturity elates, etc.)
<br />Promissory Note #630515 dated April 15, 2002 in the amount of 32,119.00
<br />maturing on April 01, 2007
<br />NEBRASKA -DEED OFT RUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (per 1 Of 4)
<br />O 1994 Bankers Systems, Inc., St. Cloud, MN (1-800 -397 -2341) Form RE -DT -NE 10/27/97
<br />OM- C166(NE) (9808).01 VMP MORTGAGE FORMS - (800)521 -1291
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