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State of Nebraska _ Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Plrture Advance Clause)
<br />❑ Construction Security Agreement
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<br />State of Nebraska _ Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Plrture Advance Clause)
<br />❑ Construction Security Agreement
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<br />1. DATE AND PARTIES. The date of this Deed of'Enst is .._._ 01.04-2002 and the parties and their
<br />addresses are as follows.
<br />TRUSTOR: Bruce W. Reeder, A Single Person
<br />6720 Wiseman Road
<br />Shelton, NE 68876
<br />50684 -2482
<br />❑ Refer to the Addendum which is attacbOd and meorponted herein for additional Trusters.
<br />TRUSTEE' Heritage Bank
<br />110 E 9th Street, P.O. Box 487
<br />Wood River, NE 68883
<br />470098350
<br />BENEFICIARY: Heritage Bank
<br />Organized and existing under the laws of the state of Nebraska
<br />110 East 9th Street
<br />P.O. Box 487 Wood River, NE 68883
<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 (hereafter defined), Tmstor irrevocably grants, conveys and sells to Trustee, in trust for the
<br />benefit of the Beneficiary, with power of sale, the following described property:
<br />SEE ATTACHED "EXHIBIT A"
<br />The properly is located in .___..........._......... .. Hall ............................... at ............................ ............
<br />...
<br />(County)
<br />......... .......... .. . ....... ..... _.. Nebraska ......._... _.
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easement%, appianenarecs, royalties, mineral rights, oil and gas rights, crops, timber, all
<br />diversion payments or third patty payments made to crop producers, and all existing and future improvements, structures,
<br />fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all
<br />referred to as "Property"). The from Property also includes, but is not limited to, any and all water wells, water, ditches,
<br />C.Fervoins, reservoir sites and dams located on the real estate and all riparian and water rights associated with Lhc Properly,
<br />however 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 tune shall not exceed $ 245, 000;00 -_ _._.._._..... ... . _. _.__- - This limitation of amount does
<br />not include interest, loan Charges, conuminment fees, brokerage commissions, attorneys' fees and other charges validly
<br />made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances) made under the
<br />tens of this Deed of 'Trust to protect Benetienry security and to perform any of the covetmnts contained in this Deed of
<br />Trust- Future xdiv,inces are contemplated and, along with other future obligations, are seeurod by this Decd of Trust even
<br />though all or part may not yet he advanced. Nothing in this Deed of Trust, however, shall constitute a mrmnitment to
<br />make additional of future loam, or advances in any amount Any such cormninueut would need to be agreed to in it separate
<br />writing.
<br />4. SECURED DEBT DEFINED. The term "Sceurcd Debt" includes, but is not limited to, the following:
<br />A. The promissory note(s), contract(s), guaramy(s) or other evidence of debt described below and all extensions,
<br />renewals, modificatwas 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, napaity dates, etc.)
<br />Promissory Note dated 1.4.2002 in the amount of $235,000 and executed by Bruce W. Reeder.
<br />NEBRASKA AGPICULTUPALICOMMENCIAL DEED OF TRUST INA NN FNMA,FHLMC,FHAVRVA USE, AND NOT FOR CONSUMER PURPOSES) papa 1.16
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