|
M
<br />T
<br />� D z
<br />fli N_ y
<br />"I
<br />M
<br />LQ 2002124
<br />Scow or Pub."
<br />n
<br />n
<br />nn
<br />On
<br />nn
<br />N
<br />X
<br />m
<br />1
<br />G
<br />C ➢
<br />"'r
<br />A cj
<br />o
<br />G
<br />Tc
<br />N
<br />NT
<br />m
<br />1
<br />1-2
<br />t:
<br />s
<br />IV
<br />m,
<br />o
<br />space AM1OYe Thw Wne For Recordtna
<br />Dew
<br />DEED OF TRUST
<br />(With Future Advance Clause) �3
<br />0 Construction Security Agreement
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Nov 041_ 2002 _ _ _ _ _ _ _ _ _ _
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: Mandy L Penas, a single person
<br />204 E. Bismark
<br />Grand Island, NB 68801
<br />El If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NE 68802
<br />BENEFICIARY:
<br />Union Bank and Trust Company -Grand Island
<br />2008 North Webb Road Grand Island, NB 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 />The West 85 Feet of the South 100 Feet of Block 15, Koehler Subdivision in the city
<br />of Grand Island, Nall County, Nebraska
<br />The property is located in ----------------- Hall------------------ at 204_ E._ Bismark-------------
<br />(County)
<br />____ _______ Grand Island_________, Nebraska_____ 68801
<br />_ _____
<br />(Address) (City) (ZIP 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 future, be part 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 S S93,518.50 . 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 />d. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory nme(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 ay borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Promissory Note 681890 dated November 4, 2002 in the amount of 846,759.25 and
<br />maturing on 11/15/2007
<br />RESRSSKS - DEED OF TRUST (NOT FOR ENMA, FNIMC, FHA OR VA USE) nn� (pip ( of d)
<br />© 1194 Boues Syewn,, he, St coup MN (1400 397 234 1) Fen RE -DT -NF 10a7197
<br />�et65(NE)0808).02 VMV MORTGAGE FORMS (800427 72 91
<br />
|