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200208254
<br />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 ................. 08:01.2002.- „ ...... ,....
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: ROCKNEY L. MUIR and MARY E. MUIR, HUSBAND AND WIFE
<br />804 E 11TH STREET
<br />GRAND ISLAND, NE 68801
<br />505.80 -1216, 507.96.4232
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<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 (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: LOTS 8 & 9, BLOCK 2, IN PLEASANT HILL ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in ......................... HAW MLINTY.......................... at 804E 1.1TH.STREET. -,
<br />....................
<br />(County)
<br />.............................. ............................... ................. CIRANO.ISLANO.................. Nebraska ........68501........
<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 $ 20, 000, 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 />UNCONDITIONAL GUARANTEE OF $60,000 SBA GUARANTEED NOTE DATED 8- 1.2002 EXECUTED BY T & R DRYWALL, INC.
<br />THIS GUARANTEE EXECUTED BY ROCKNEY L MUIR AND MARY E MUIR.
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) / m io f 4J
<br />EE i 41994 Bankers Systems, Inc., St. Cloud, MN Form RE -OT -NE 113012002 �^ '
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