|
T m In
<br />c n x
<br />z •• Q c n �
<br />z —t tV co
<br />-n O
<br />-o -n O via
<br />c
<br />m
<br />Cl -� n m tV H
<br />o c
<br />{ 1 r\D z Cy) CD
<br />N
<br />State of Nebraska Space Above This Line For Recording Data e
<br />I 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 Jul 16_,_ 2002_____
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: Greg A Payne, Husband and Wife and Sheri L Payne, Husband and Wife
<br />5062 N. 80th Road
<br />Cairo, NE 68824
<br />---- -------- --- - - - -- -
<br />�y
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NE 68802
<br />BENEFICIARY:
<br />Union Bank and Trust Company -Grand Island
<br />2008 North Webb Road Grand Island, NE 68803
<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, Truster irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />See Attached Exhibit "A"
<br />The property is located in ... ___________________ Hall- _---- __-------------- -_____ at 5062_ N.___80th_- Road ---------- __ _ -
<br />(County)
<br />Cairo _ Nebraska 68824______
<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 $ 8,630.00 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 />Promissory Nate 660190 dated July 16, 2002 in the amount of $4,315.00 maturing
<br />on 07/25/06
<br />NEBRASKA -DEED OF TRUST (NOT FOR FNM A, FHLMC, FHA OR VA USE) (page 1 4)
<br />°0 1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 -397 -2341) Form RE -OT -NE 10127/97 e
<br />(M - D165(NE) (9808).01 VMP MORTGAGE FORMS - (800)521 -7291
<br />ID
<br />
|