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<br />State of Nebraska Space Above This Line For Recording Data e
<br />DEED OF TRUST
<br />(AViih Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is May_ 09,_ 2002 ------------------
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: o
<br />TRUSTOR: Robert E Buck, Husband and Wife and Dawnita K Buck, Husband and Wife
<br />504 E. 18th St.
<br />Grand Island, NE 68801
<br />01f 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, Truster 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 />A tract of land in Harris Fifth (5th) Addition to the City of Grand Island, Hall
<br />County, Nebraska, described as follows, Beginning at the Southwest corner of Lot
<br />Twelve (12) in Block Eight (8) in Morrie Fifth Addition to the City of Grand
<br />Island, Nebraska, thence in an eastarly direction along and upon the Northerly lisle
<br />of Righteenth Street in amid addition, a distance of Seventy (78') feet, thence
<br />northwee tarly quelled to the Rmnterly line of amid Lot Twelve (12) in said Block
<br />Eight (e), a die tauce of One H.adred Thirty (1381) feet, to the southerly line of
<br />the alley in amid Block Right (8), if extended, thence eouthweaterly along and upon
<br />the southerly line of maid allay end parallel to Eighteenth (18th) Street e
<br />di a Canoe of Seventy (78'1 feet to the Northeast corner of said Lot Twelve (12), in
<br />.aid Block Bight (8), thouce southaaatarly along and upon the Seat line of amid Lot
<br />Twelve (12) in said Block Eight (8), n distance of One Hundred Thirty (138') feet
<br />to the point of begisu,iay.
<br />The property is located in ____ Hall _ _______ _________ at
<br />(County)
<br />---------- ------ ____, _______ Grand Island-- __-- _--- Nebraska68801
<br />--- - - - - -- - - - - - --
<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 $ 119,636,94 _ . '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, tote amounts. interest rates, maturity dates, etc.)
<br />Promissory Note 632100 in the amount of $59,318,47 maturing on May 14, 2007
<br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA, FHIMC, FHA OR VA USE) (Pct q)
<br />© 1994 Brakes Systans, Inc, St. Cloud, MN (1- 800-397 -2341) Tom RE -DI -NE 10127/97
<br />- C16501D (9808).01 VMP MORTGAGE FORMS - (800)521 -7291
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