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<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is Dec_ 19,_ 2002 ......... and the parties and their addresses
<br />are as follows:
<br />TRUSTOR: Richard Fox and Marilyn Fox, Husband and Wife
<br />1316 Meadow Road
<br />Grand Island, NE 68803
<br />D Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<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 />Lots One (1) and 11x0 (3), Block One Nundred Eight (108), Railroad Addition to the City of Grand Island,
<br />Nall County, Nebraska
<br />The property is located in ______________ Hall_______________ at 703_ W- -3-rd 3t
<br />(County)
<br />--------------------------------------------
<br />Grand Island_ , Nebraska 68801
<br />(Address
<br />(City) (ZIP Codc)
<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 />Slid 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 Properly, however
<br />established.
<br />3. MAXIh7UM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trutt at any one time shall not exceed S $229.350.66 . 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 Decd
<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 nom(s), contracted, guaranty(d 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.)Fixed Rate
<br />Promissory Note 714215 dated 12/19/2002 in the amount of $114,675.33 and
<br />maturing on 12/15/2007
<br />MY SU - AOnCMLTOMYCOMM MAL OEM OF TRUST (NOT FOR FNMA, PH MC FHA OR VA USE AND NOT FOR CONS OMER PI1R00611) Id
<br />F�er�," ©1993 Bmkas Systems. lno_ 51. Cloud MN Form AGICO DINE 310)2001
<br />®•Ci 64(NE)(010]). 02 VMP MORTGAGE FORMS - (111) ]291
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