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Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />ith Future Advance Clausal o
<br />0
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is May 17, 2002. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />L.U.D. INVESTMENTS, LLC
<br />a Nebraska Limited Liability Company
<br />724 N. Diets
<br />Grand Island, Nebraska 68803
<br />TRUSTEE: ii
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Corporation
<br />2223 Second Ave
<br />PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />470343902
<br />BENEFICIARY ;:ender):
<br />BENEFICIARY PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />2223 Second Ave.: PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />47- 0343902
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />Lot One 11) Crane Valley Fifth Subdivision, in the City of Grand Island, Hall County, Nebraska.
<br />The property is located in Hall County at , Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, limber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $1,205,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 236696 -101, dated May 17, 2002, from Grantor to Lender, with a
<br />loan amount of $1,205,000.00 with an interest rate of 7.25 percent per year and maturing on May 17,
<br />2003. One or more of the debts secured by this Security Instrument contains a future advance provision.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
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<br />Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />ith Future Advance Clausal o
<br />0
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is May 17, 2002. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />L.U.D. INVESTMENTS, LLC
<br />a Nebraska Limited Liability Company
<br />724 N. Diets
<br />Grand Island, Nebraska 68803
<br />TRUSTEE: ii
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Corporation
<br />2223 Second Ave
<br />PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />470343902
<br />BENEFICIARY ;:ender):
<br />BENEFICIARY PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />2223 Second Ave.: PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />47- 0343902
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />Lot One 11) Crane Valley Fifth Subdivision, in the City of Grand Island, Hall County, Nebraska.
<br />The property is located in Hall County at , Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, limber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $1,205,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 236696 -101, dated May 17, 2002, from Grantor to Lender, with a
<br />loan amount of $1,205,000.00 with an interest rate of 7.25 percent per year and maturing on May 17,
<br />2003. One or more of the debts secured by this Security Instrument contains a future advance provision.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
<br />L. U. o. 1111— m,ents, ue
<br />Neoraska Deed Of nun Initi a s
<br />NE' 4XX1446950052986e003 5 2 80 18051702V -1996 Barkers 5ysmn,e. Ina, St Cl—d, MN L�r'd` vnye 1
<br />
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