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= Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NB 68802
<br />BENEFICIARY: union Bank and Trust ComyeEry -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 secure
<br />the Secured Debt (hereafter defined), Trustor irrevocably Wants, conveys and sells to Trustee, in trust for the benefit of the
<br />Beneficiary, with power of sale, the following described property::
<br />Lot Taanty (20) in Block Varna (3), Lake Davie Acres Subdivision, city of Grand Island, Hall county,
<br />Nebraska
<br />The property is located in __ __ Hall_______________ at 902.6e1_1 Blv_d --------------------
<br />(County)
<br />___________Grand Island__________, Nebraska ____688111_____
<br />(Addroes) (City) (ZIP Coda)
<br />Together with all rights, easem ®ts, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all diversion
<br />payments or third party payments made to crop producers, and all existing and future improvements, structures, fixtures,
<br />and replacements that may now, m at any time in the future, be part of the real estate described above (all referred to as
<br />"Property "). The term Property also includes, but is not limited to, any and all water wells, water, ditches, reservoirs,
<br />reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property, however
<br />established.
<br />MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Decd of Trust at any onetime shall not exceed $ 160, 000.00 . This limitation of amomlt does not include
<br />imerast, loan charges, commitment fees, brokerage commissions, attorneys' fees and other changes validly made pursuant to
<br />this Deed of Trust and does not apply to advances (or interest accrual on such advances) made under the terms of this Deed
<br />of Trust to protect Beneficiary security and to pelmm, any of the covenants contained in this Deed of Trust. Future advances
<br />are contemplated and, along with other future obligations, we secured by this Deed of Trust even though all or put may not
<br />yet be advanced. Nothing in this Deal of Trust, however, shall constitute a commitment to make additional or future loans
<br />or advances in any amount. Any such commitment would need to be agreed to in a separate writing.
<br />SECURED DEBT DEFINED. The tam "Secured Debt' includes, but is not limited to, the following:
<br />A. The promissory outlets), contmals), 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, ete.)Line of Credit
<br />Note 384135 dated July 30, 2002 in the amount of 480,000.00. maturing on July
<br />30, 2003
<br />NEBRASKA - AGRUCULTURAL,CMInERCWL UEED OFIRUS1(NOI FOR FNMA. FHLMC,FHA.1 vA USE AND NOT FOR CONS U MER PURPOSFS) /r.,ppl�e
<br />E�3r ""©IVe3 BTkRo Syllen,. Inn.,o Own, MN Form AGICO -DINE 3180001 I / /I�;
<br />in -Cl 6401E) 0107).02 vMP MORTGAGE FORMS-o0(Aal,Tav1 -
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<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction security Agreement
<br />DATE AND PARTIES.
<br />The date
<br />of this Deed of Trust is Jul_ 3 0 _ 2002 ---------
<br />and the parties and their addresses
<br />are as follows:
<br />TRUSTOR:
<br />Donald 8
<br />Shaver,
<br />Husband Kind Wife and Diane H
<br />Shaver,
<br />Hushand and Wife
<br />= Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NB 68802
<br />BENEFICIARY: union Bank and Trust ComyeEry -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 secure
<br />the Secured Debt (hereafter defined), Trustor irrevocably Wants, conveys and sells to Trustee, in trust for the benefit of the
<br />Beneficiary, with power of sale, the following described property::
<br />Lot Taanty (20) in Block Varna (3), Lake Davie Acres Subdivision, city of Grand Island, Hall county,
<br />Nebraska
<br />The property is located in __ __ Hall_______________ at 902.6e1_1 Blv_d --------------------
<br />(County)
<br />___________Grand Island__________, Nebraska ____688111_____
<br />(Addroes) (City) (ZIP Coda)
<br />Together with all rights, easem ®ts, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all diversion
<br />payments or third party payments made to crop producers, and all existing and future improvements, structures, fixtures,
<br />and replacements that may now, m at any time in the future, be part of the real estate described above (all referred to as
<br />"Property "). The term Property also includes, but is not limited to, any and all water wells, water, ditches, reservoirs,
<br />reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property, however
<br />established.
<br />MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Decd of Trust at any onetime shall not exceed $ 160, 000.00 . This limitation of amomlt does not include
<br />imerast, loan charges, commitment fees, brokerage commissions, attorneys' fees and other changes validly made pursuant to
<br />this Deed of Trust and does not apply to advances (or interest accrual on such advances) made under the terms of this Deed
<br />of Trust to protect Beneficiary security and to pelmm, any of the covenants contained in this Deed of Trust. Future advances
<br />are contemplated and, along with other future obligations, we secured by this Deed of Trust even though all or put may not
<br />yet be advanced. Nothing in this Deal of Trust, however, shall constitute a commitment to make additional or future loans
<br />or advances in any amount. Any such commitment would need to be agreed to in a separate writing.
<br />SECURED DEBT DEFINED. The tam "Secured Debt' includes, but is not limited to, the following:
<br />A. The promissory outlets), contmals), 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, ete.)Line of Credit
<br />Note 384135 dated July 30, 2002 in the amount of 480,000.00. maturing on July
<br />30, 2003
<br />NEBRASKA - AGRUCULTURAL,CMInERCWL UEED OFIRUS1(NOI FOR FNMA. FHLMC,FHA.1 vA USE AND NOT FOR CONS U MER PURPOSFS) /r.,ppl�e
<br />E�3r ""©IVe3 BTkRo Syllen,. Inn.,o Own, MN Form AGICO -DINE 3180001 I / /I�;
<br />in -Cl 6401E) 0107).02 vMP MORTGAGE FORMS-o0(Aal,Tav1 -
<br />
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