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20020825b
<br />State of Nebrm" Space Above This Live 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 Toast (Security Instrument) is ............ _._Q8 -01 :2002_,,,,,,,,,,,,,,,
<br />and the parties, their addresses and fax identification numbers, if required, are as follows:
<br />TRUSTOR: DAVID L. KENNEL and ROCHELLE E. KENNEL, HUSBAND AND WIFE
<br />435 E SOUTH STREET
<br />GRAND ISLAND, NE 68801
<br />505 78 5628, 507 78 8026
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Toasters, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Heritage Bank
<br />1333 N. Webb Road P.O. Box 5138
<br />Grand Island, NE 688015138
<br />470098350
<br />RF.NEFLCIARY: 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 />470098350
<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 />properly LOT 92, BUENAVISTA SUBDIVISION, AN ADDITION TO THE CITY OE GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in ........... _............ HALL COUNTY .......................... at 435, E, SOUTH STREET
<br />alt uuty)
<br />.............................. ............ .................. I ................ .GRAND.ISLAND................., Nebraska ........688,01........
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil Bud gas rights, all water and riparian
<br />rights, ditches, and water snuck and all existing and future improvements, structures, Fall and replacements that may
<br />now, or at any time in the future, be pan 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 $ 2Q,000,O0,..... ... ............................... This limitation of amount does not include intcrext 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, rueifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note umounts, interest rates, maturity dates, etc.)
<br />UNCONDITIONAL GUARANTEE OF $89,000 SBA GUARANTEED NOTE DATED 8.1.2002 EXECUTED BY T & R DRYWALL,
<br />INC.THIS GUARANTEE EXECUTED BY DAVID L KENNEL AND ROCHELLE E KENNEL.
<br />NEBRASKAn DEED OF TRUST (NOT FOR FNMA, FRI use, FHA OR VA ese) (Pose 1 of 4)
<br />F ^/ 4^ WI9s4 B— k— S'yoo— Inc., St. Cloud, MN Fe,m P6DTaE 113012002
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