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<br />CJ �J State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />❑ Master form recorded by ......... .................... °
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .................07 ;082002,,,,.._......,.,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />'-V
<br />t TRUSTOR:
<br />V
<br />Ted M. Schultz and Sonya J. Schultz, Husband and Wife
<br />102 W 13th Street
<br />Wood River, NE 68883
<br />508.98.6057, 508.98.5270
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Heritage Bank
<br />110 E 9th Street
<br />Wood River, NE 68883
<br />47. 0098350
<br />BENEFICIARY: Heritage Bank
<br />Organized and existing under the laws of the state of Nebraska
<br />110 East 9th Street
<br />P.O. Box 487 Wood River, NE 68883
<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 (defined below) and Trustor's performance under this Security Instrument, Trustor 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 One (1), except the Northerly Eighty -Five (85) feet thereof, and the East Twenty -Five (25) feet of Lot Two (2), except the
<br />Northerly Eighty- Five(85) feet thereof, in Block Four (4), Dodd and Marshall's Addition to Wood River, Hall County, Nebraska.
<br />The property is located in .. ............................... Rail ............................... at 102 W.13th Street
<br />. ...............................
<br />(County)
<br />........................ ............................... ........... . ......... Wood Rivef................... Nebraska ........68883.......
<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 $ 1.1,0,47,88......................... , 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 amounts, interest rates, maturity dates, etc.)
<br />Sonya and Ted Schultz Note amount 511,047.88 rate 8.50% and Matures 8.8.04
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMO, FHA OR VA USE) (page
<br />,- �"
<br />0 1994 Bankers Systems, Inc., St Cloud, MN Form RE -DT -NE V3012002 1, 6
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