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<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement "Q
<br />1. DATE AND PARTIES. The date of this Deed of Trust is ........._..... 05,21;2002 ................. and the parties and their
<br />addresses are as follows:
<br />'1'RUSTOR: EXECUTIVE PROPERTIES, EEC... A LIMITED LIABILITY COMPANY
<br />1233 NORTH WEBB ROAD
<br />GRAND ISLAND, NE 68803
<br />47- 0844112
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />'1'RUSrLEE: Heritage Bank
<br />1333 N. Webb Road P.O. Box 5138
<br />Grand Island, NE 68BOI 5138
<br />470098350
<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 />CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Securul Debt (hereafter defined). 'Irustor irrevocably grants, conveys and sells no Trustee, in Wst tot the
<br />benefit of the Beneficiary, with power of sale, the following described property:
<br />SEE ATTACHED EXHIBIT A%
<br />'the property is located in . ............................... HALL ..._........................... at ....... 1233,NORTH WEBB. ROAD.......
<br />tCea tyl
<br />GRAND IS LAND ............................ Nebraska ........... 68803.
<br />(Atldrese) (City) (JIP C(Ae)
<br />Together with all rights, easements, 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 time in the future, he part of the real estate described above (all
<br />referred to as "Property"). the term Property also includes, hot is not limited to, any and all water wells, water, (Inches,
<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. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at any one time shall not exceed $ 354,070; 50,,,,,,, - This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other ehergere validly
<br />made pursuant to [his Deed of Trust and does not apply to advances (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 [lie covenarm contained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this Dced of Trust even
<br />though all or part may not yet be advanced- Nothing in this Deed of Trust, however, shall constitute a commitment to
<br />make additional or future loans or advances in any amount. Any such comminnent would need m be agreed to in a separate
<br />writing.
<br />4. SECURED DEBT DEFINED. The term "Secured Debt' includes, but is not limited to, the following:
<br />A, The promissory note($), contract(s), gnaranty(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 rarer, marunry dater, etc.)
<br />NOTE DATED 5.21.20021N THE PRINCIPAL AMOUNT OF 354,070.50
<br />NEBRASKA - AGHICULTUHAUCOMMERCIAL DEED OF TRUST Sr HUN FNMA, FHLMC, FHA On VA USE AND NOT FOR CONSUMER PUPPOSESI page lof6
<br />ELF= a lU 1993 dank,,, Sy,, n Inc.. St l ,j)/ ��
<br />loud, MN Form A6 /CO nT -NF 31N>O01
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<br />i Space Above This Line For Rmordtng Data -
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement "Q
<br />1. DATE AND PARTIES. The date of this Deed of Trust is ........._..... 05,21;2002 ................. and the parties and their
<br />addresses are as follows:
<br />'1'RUSTOR: EXECUTIVE PROPERTIES, EEC... A LIMITED LIABILITY COMPANY
<br />1233 NORTH WEBB ROAD
<br />GRAND ISLAND, NE 68803
<br />47- 0844112
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />'1'RUSrLEE: Heritage Bank
<br />1333 N. Webb Road P.O. Box 5138
<br />Grand Island, NE 68BOI 5138
<br />470098350
<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 />CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Securul Debt (hereafter defined). 'Irustor irrevocably grants, conveys and sells no Trustee, in Wst tot the
<br />benefit of the Beneficiary, with power of sale, the following described property:
<br />SEE ATTACHED EXHIBIT A%
<br />'the property is located in . ............................... HALL ..._........................... at ....... 1233,NORTH WEBB. ROAD.......
<br />tCea tyl
<br />GRAND IS LAND ............................ Nebraska ........... 68803.
<br />(Atldrese) (City) (JIP C(Ae)
<br />Together with all rights, easements, 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 time in the future, he part of the real estate described above (all
<br />referred to as "Property"). the term Property also includes, hot is not limited to, any and all water wells, water, (Inches,
<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. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at any one time shall not exceed $ 354,070; 50,,,,,,, - This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other ehergere validly
<br />made pursuant to [his Deed of Trust and does not apply to advances (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 [lie covenarm contained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this Dced of Trust even
<br />though all or part may not yet be advanced- Nothing in this Deed of Trust, however, shall constitute a commitment to
<br />make additional or future loans or advances in any amount. Any such comminnent would need m be agreed to in a separate
<br />writing.
<br />4. SECURED DEBT DEFINED. The term "Secured Debt' includes, but is not limited to, the following:
<br />A, The promissory note($), contract(s), gnaranty(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 rarer, marunry dater, etc.)
<br />NOTE DATED 5.21.20021N THE PRINCIPAL AMOUNT OF 354,070.50
<br />NEBRASKA - AGHICULTUHAUCOMMERCIAL DEED OF TRUST Sr HUN FNMA, FHLMC, FHA On VA USE AND NOT FOR CONSUMER PUPPOSESI page lof6
<br />ELF= a lU 1993 dank,,, Sy,, n Inc.. St l ,j)/ ��
<br />loud, MN Form A6 /CO nT -NF 31N>O01
<br />
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