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<br />200209675
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<br />fibre oP Nebnu," save, Abu,, Thus rive For Recording DAM
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />El Construction Security Agreement
<br />1. DATE AND PARTS. The date of this Deed of Tres[ (Security Instrument) is Sey 12,_
<br />2002
<br />------------
<br />dS0
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: Jeffrey D Koch and Susan K Koch, Husband and Wife
<br />328 North Custer
<br />Grand Island, NE 68803
<br />Ej If checked, refer to the attached Addendum incorporated herein, for additional
<br />Trustors,
<br />their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NB 68802
<br />BENEFICIARY:
<br />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
<br />secure the Secured Debt (defined below) and Truster'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:
<br />Lot One (1), H.H.K. Subdivision, Hall County, Nebraska
<br />The property is located in_ ,__Hall_________________ at 5300 N North Road__________
<br />(county)
<br />_______ Grand_ISland .......... Nebraska_____ 68803
<br />(Address) (City) (ZIP Coda)
<br />Together with all rights, casements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock and ail existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the fhture, be par( 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 $ $177,698.68 . 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 tams 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'rmmes, rote amounts, interest rates, maturity date, etc.)
<br />Fixed Rate Promissory Note 678735 dated September 12, 2002 in the amount of
<br />$88,849.29 and maturing on 01/01/2003
<br />NEBRASKA DEED OF TRUST (NOT too PBaA. veins 1E1 OR vn US El { j„) (page
<br />© IVV< Bmkes 6Yfrens, Inc, Cloud, LI,. MN 0 d00J97 -2341) Faor FFDI NE ID27197
<br />dMC16604)(oeon o2 vmv moat GAGE FORMS - ®aoaew2oi
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