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State of Nebraska
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<br />State of Nebraska
<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 May- A3 L,_ 2002 ------------------
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: Donald S Shaver, Husband and Wife and Diane K Shaver, Husband and Wife
<br />2427 Park Drive
<br />Grand Island, NE 68801
<br />E] If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Union Bank & Trust Company
<br />PO Box 5166
<br />Grand Island, NE 68802
<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 Twenty (20) in Block Three (3), Lake Davis Acres Subdivision, City of Grand
<br />Island, Hall County, Nebraska
<br />The property is located in-- ------ --- - - - - -- Hall ----------------- at 902- Bell Blvd --------------
<br />(Counry)
<br />----------------------------- ---- -,
<br />----- -- Grand-Island --------- , Nebraska----- 68801 - - - --
<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 LEMT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 91,38&80 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 />A Promissory Note #631725 Dated May 3, 2002 in the amount of $45,691.90
<br />maturing on May 03, 2007
<br />NEBRAS KA - DEED OF T RUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (per@
<br />0 1994 Bankers Systems, Inc., St. Cloud, MN (1.800- 397 -2341) Form RE -DT -NE 10/27/97
<br />- C166(NE) (9808).01 VMP MORTGAGE FORMS - (800),521 -7291
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<br />CT
<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 May- A3 L,_ 2002 ------------------
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: Donald S Shaver, Husband and Wife and Diane K Shaver, Husband and Wife
<br />2427 Park Drive
<br />Grand Island, NE 68801
<br />E] If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Union Bank & Trust Company
<br />PO Box 5166
<br />Grand Island, NE 68802
<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 Twenty (20) in Block Three (3), Lake Davis Acres Subdivision, City of Grand
<br />Island, Hall County, Nebraska
<br />The property is located in-- ------ --- - - - - -- Hall ----------------- at 902- Bell Blvd --------------
<br />(Counry)
<br />----------------------------- ---- -,
<br />----- -- Grand-Island --------- , Nebraska----- 68801 - - - --
<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 LEMT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 91,38&80 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 />A Promissory Note #631725 Dated May 3, 2002 in the amount of $45,691.90
<br />maturing on May 03, 2007
<br />NEBRAS KA - DEED OF T RUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (per@
<br />0 1994 Bankers Systems, Inc., St. Cloud, MN (1.800- 397 -2341) Form RE -DT -NE 10/27/97
<br />- C166(NE) (9808).01 VMP MORTGAGE FORMS - (800),521 -7291
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