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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />❑ Master form recorded by ................... �j
<br />1. DATE AND PARTIES. The data of this Deed of Trust (Security Instrument) is ................ .08:01, - 30,0,2..,,,,,,,,,,,,,,,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: T & R DRYWALL, INC., A Nebraska Corporation
<br />308 S CLAUDE ROAD
<br />GRAND ISLAND, NE 68803
<br />470761489
<br />❑ if checked, refer to the attached Addendtun incorporated herein, for additional Traitors, their signatures and
<br />acknowledgments.
<br />TRUSTEE.: Heritage Bank
<br />1333 N. Webb Road P.O. Box 5138
<br />Grand Island, NE 68801 -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 />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, Trusoor irrevocably
<br />grants, conveys and sells w Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property: LOT ONE Ill, WESTGATE FIFTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in ............................... HALL ............................... at 308, 5 C,LAUOE ROAD
<br />........................
<br />(County)
<br />_.... 6.BAND.ISLAND .................. Nebraska ........60803........
<br />(Address) (City) ('lIP 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 furore, 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 $ 00, 000, 00 .............................. _........ 'Phis limitation of amount does not include interest and other fees
<br />and charges validly made pursuant W this Security Instrument. Also, this limitation does not apply to advances made under
<br />the [elms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained it 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 Bracts), contacts), 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 />NOTE DATEDO.1.2002 IN THE PRINCIPAL AMOUNT OF $60,000.
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) Lpage t of 4)
<br />Fj rf.2 1919 -9 - 111 —Sl-i s. Ina. -1 c--u MN From PE -0T -NF 111W. at
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