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200208626
<br />State or Nebraska Space Above This Line For Recording Daft
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />I. DATE AND PARTIES. The date of this Deed of Trust is Auy_ 14,_ 2002 ......... and the parties and their addresses
<br />are as follows:
<br />TRUSTOR: Leslie Scholz AKA Leslie L Scholz and Susan K Scholz, Husband and wife
<br />E�D Refer to the Addendum which is attached and incorporated herein for additional Truslors.
<br />TRUSTEE: Union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NE 68802
<br />BENEFICIARY: 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 secure
<br />the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of the
<br />Beneficiary, with power of sale, the following described property:'
<br />The Northeast Quarter (NEl /4) of section Eleven (11) , Township Twelve (12) North, Range Ten (10) West of
<br />the 6th P.M., Hall County, Nebraska, excepting a tract of land more particularly described in Warranty
<br />Deed recorded as Document No. 200206091
<br />The property is located in -- ----- - - - - -- Hall --------------- at 7712 N North -Road
<br />______________
<br />(County)
<br />-------------------------------------------- Grand Island ---------- ,Nebraska 68803
<br />(Address) (City) -- -(ZIP Code) _ - --
<br />Together with all rights, easements, 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, or 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 />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at any one time shall not exceed $ 025.557 .82 . This limitation of amount does not include
<br />interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly made pursuant to
<br />this Deed of Trust and does not apply to advances (or interest accrued on such advances) made under the terms of this Deed
<br />of Trust to protect Beneficiary security and to peform any of the covenants contained in this Deed of Trust. Future advances
<br />are contemplated and, along with other future obligations, are secured by this Deed of Trust even though all or part may not
<br />yet be advanced. Nothing in this Deed 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 />4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory note(s), contract(s), 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, etc.)Ag Variable
<br />Promissory Note 671175 dated August 14, 2002 in the amount of ;x47,778.91
<br />maturing on 11/15/2012
<br />NEIRASrA- ACRICULTURALCOMMERCIAL DEED OF TRUST (NOT FOR FNMA. FHLMC, FHA OR VA USE. AND NOT FOR CONSUMER PURPOSES) Frye 1 OF6
<br />t= Q109J tmkel Syllans. Inc. St Claad. MN Fwm AG /CO -DT -NE 81872001
<br />®- C164(NE) (0107).02 VMP MORIGAGE FORMS - (500)521 -7291
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