|
DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is July 29, 2002. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />L.U.D. INVESTMENTS, LLC
<br />A Nebraska Limited Liability Company
<br />Vested in the Following Manner:
<br />724 N. Diets
<br />Grand Island, Nebraska 68803
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Corporation
<br />2223 Second Ave
<br />PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />BENEFICIARY (Lender):
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />2223 Second Ave.; PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />47- 0343902
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />Lot 3, Block 2, Crane Valley, Grand Island, Hall County, Nebraska.
<br />The property is located in Hall County at , Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount sscured by this Security Instrument at any one
<br />time will not exceed $337,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 236696 -102, dated July 29, 2002, from Grantor to Lender, with a
<br />loan amount of 5337,000.00 with an interest rate of 7.25 percent per year and maturing on August 28,
<br />2002.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
<br />LA.O. Investments, LLC
<br />Nebraska Dead Of Tmst Initials
<br />NE /4XX 1446950050D000003652010072902Y -1996 Rin" rysle„n, Inc., St. Cloud, MN hxf—,&V Page 1
<br />m f
<br />ri n
<br />-
<br />C
<br />{ m D
<br />c
<br />O N
<br />C7
<br />ell,
<br />O m
<br />O
<br />LA
<br />ll
<br />Z3
<br />�n
<br />m
<br />e(1
<br />g,
<br />to
<br />F—+
<br />N
<br />Ou
<br />W
<br />G
<br />f.,
<br />0
<br />•...�..
<br />4
<br />��
<br />Space
<br />Above This Line For Recording
<br />Data
<br />DEED
<br />OF TRUST
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is July 29, 2002. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />L.U.D. INVESTMENTS, LLC
<br />A Nebraska Limited Liability Company
<br />Vested in the Following Manner:
<br />724 N. Diets
<br />Grand Island, Nebraska 68803
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Corporation
<br />2223 Second Ave
<br />PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />BENEFICIARY (Lender):
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />2223 Second Ave.; PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />47- 0343902
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />Lot 3, Block 2, Crane Valley, Grand Island, Hall County, Nebraska.
<br />The property is located in Hall County at , Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount sscured by this Security Instrument at any one
<br />time will not exceed $337,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 236696 -102, dated July 29, 2002, from Grantor to Lender, with a
<br />loan amount of 5337,000.00 with an interest rate of 7.25 percent per year and maturing on August 28,
<br />2002.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
<br />LA.O. Investments, LLC
<br />Nebraska Dead Of Tmst Initials
<br />NE /4XX 1446950050D000003652010072902Y -1996 Rin" rysle„n, Inc., St. Cloud, MN hxf—,&V Page 1
<br />
|