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State or Nebraska Space Above This Line For Recording Data —
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ................ 06, -24, -2002.
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: JAMES R. SEDLAK, A SINGLE PERSON
<br />207 EAST ASHTON
<br />GRAND ISLAND, NE 68801
<br />CP
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<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
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<br />TRUSTEE: KEARNEY STATE BANK AND TRUST COMPANY
<br />3015 SECOND AVENUE
<br />KEARNEY, NE 68847
<br />BENEFICIARY: KEARNEY STATE BANK AND TRUST COMPANY
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />3015 2ND AVENUE
<br />KEARNEY, NE 68847
<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, Truslor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />Property: LOT NINE (9), ROSS AND ASHTON PARK, A SUBDIVISION OF PART OF LOTS FOURTEEN (14) AND EIGHTEEN (18), OF THE
<br />COUNTY SUBDIVISION OF THE WEST HALF OF THE SOUTHWEST QUARTER (W112SW114), AND A PART OF THE EAST HALF OF THE
<br />SOUTHWEST QUARTER (E112SW114) OF SECTION FIFTEEN (15), IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE
<br />6TH P.M., HALL COUNTY, NEBRASKA.
<br />The property is located in ...................... .......... HALL ................................ at 207 E., ASHTON ............................
<br />(Corny)
<br />............. ................................... ..................... .GRAND. ISLANO. ........... ....., 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 LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ .15,O,QMO......... 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 afnounts, interest rates, maturity dates, etc.)
<br />A PROMISSORY NOTE PAYABLE TO LENDER IN THE AMOUNT OF $15,000.00
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of 4)
<br />'351996 Bankers Systems, Inc., St Cloud, MN I1- 800 397 -23411 Farm RE -DT -NE 10127197
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<br />State or Nebraska Space Above This Line For Recording Data —
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ................ 06, -24, -2002.
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: JAMES R. SEDLAK, A SINGLE PERSON
<br />207 EAST ASHTON
<br />GRAND ISLAND, NE 68801
<br />CP
<br />rte.
<br />F
<br />N
<br />cc
<br />CD
<br />O
<br />N
<br />0
<br />Q:9
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />/'ut-£o-ty-
<br />TRUSTEE: KEARNEY STATE BANK AND TRUST COMPANY
<br />3015 SECOND AVENUE
<br />KEARNEY, NE 68847
<br />BENEFICIARY: KEARNEY STATE BANK AND TRUST COMPANY
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />3015 2ND AVENUE
<br />KEARNEY, NE 68847
<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, Truslor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />Property: LOT NINE (9), ROSS AND ASHTON PARK, A SUBDIVISION OF PART OF LOTS FOURTEEN (14) AND EIGHTEEN (18), OF THE
<br />COUNTY SUBDIVISION OF THE WEST HALF OF THE SOUTHWEST QUARTER (W112SW114), AND A PART OF THE EAST HALF OF THE
<br />SOUTHWEST QUARTER (E112SW114) OF SECTION FIFTEEN (15), IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE
<br />6TH P.M., HALL COUNTY, NEBRASKA.
<br />The property is located in ...................... .......... HALL ................................ at 207 E., ASHTON ............................
<br />(Corny)
<br />............. ................................... ..................... .GRAND. ISLANO. ........... ....., 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 LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ .15,O,QMO......... 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 afnounts, interest rates, maturity dates, etc.)
<br />A PROMISSORY NOTE PAYABLE TO LENDER IN THE AMOUNT OF $15,000.00
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of 4)
<br />'351996 Bankers Systems, Inc., St Cloud, MN I1- 800 397 -23411 Farm RE -DT -NE 10127197
<br />
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