|
I.
<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES- The date of this Deed of Trust is .................. 0.2UNQ02................ and the parties and their
<br />addresses are as follows:
<br />TRUSTOR: Ronald Laub and Evelyn Laub, Husband and Wife
<br />450 East Highway 34
<br />Grand Island, NE 68801
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: Heritage Bank
<br />1333 N. Webb Road P.O. Box 5138
<br />Grand Island, NE 68802 -5138
<br />47- 0098350
<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 />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the
<br />benefit of the Beneficiary, with power of sale, the following described property:
<br />See Attached Exhibit "A"
<br />Hall
<br />Theproperty is located in ....................................... ............................... at ............. ...............................
<br />(CDurty)
<br />............................. ress.......................I ............... ............... ............... I Nebraska ............ I .... e..........
<br />(Address) ((ity) (ZIY Cnde)
<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, be part of the real estate described above (all
<br />referred to as "Property "). The term Property also includes, but is not limited to, any and all water wells, water, ditches,
<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 $ A3p, 000; 00 ............ ... ......... I........... . This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly
<br />made pursuant to this 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 the covenants contained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this Deed 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 commitment would need to 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(s), contract(s), guaranty(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 rates, maturity dates, etc.)
<br />Heritage Bank Ivan ((2101924 executed by Ronald and Evelyn Laub with a maximum amount of $ 130,000
<br />NEBRASKA - AGRICULTURALICOMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHEMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) page 1 o(6
<br />iE [, rZ-ae m 1993 Bankers Syatama, Inc., St. Cloud, MN Form AGICO -DT -NE 31812001
<br />; I ° - . , .. - , i '
<br />_
<br />a
<br />n
<br />n
<br />Flo
<br />O -r
<br />m
<br />=
<br />D
<br />c� n
<br />N
<br />t
<br />r r"
<br />co
<br />U,
<br />cn
<br />oo
<br />x
<br />CD
<br />C13
<br />U
<br />Cn
<br />ffl
<br />CD
<br />1
<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES- The date of this Deed of Trust is .................. 0.2UNQ02................ and the parties and their
<br />addresses are as follows:
<br />TRUSTOR: Ronald Laub and Evelyn Laub, Husband and Wife
<br />450 East Highway 34
<br />Grand Island, NE 68801
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: Heritage Bank
<br />1333 N. Webb Road P.O. Box 5138
<br />Grand Island, NE 68802 -5138
<br />47- 0098350
<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 />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the
<br />benefit of the Beneficiary, with power of sale, the following described property:
<br />See Attached Exhibit "A"
<br />Hall
<br />Theproperty is located in ....................................... ............................... at ............. ...............................
<br />(CDurty)
<br />............................. ress.......................I ............... ............... ............... I Nebraska ............ I .... e..........
<br />(Address) ((ity) (ZIY Cnde)
<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, be part of the real estate described above (all
<br />referred to as "Property "). The term Property also includes, but is not limited to, any and all water wells, water, ditches,
<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 $ A3p, 000; 00 ............ ... ......... I........... . This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly
<br />made pursuant to this 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 the covenants contained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this Deed 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 commitment would need to 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(s), contract(s), guaranty(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 rates, maturity dates, etc.)
<br />Heritage Bank Ivan ((2101924 executed by Ronald and Evelyn Laub with a maximum amount of $ 130,000
<br />NEBRASKA - AGRICULTURALICOMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHEMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) page 1 o(6
<br />iE [, rZ-ae m 1993 Bankers Syatama, Inc., St. Cloud, MN Form AGICO -DT -NE 31812001
<br />; I ° - . , .. - , i '
<br />
|