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This DEED OF TRUST is made as of the 10th day of August, 2.005 by and among the � (0
<br />Trustor, Larson Construction Inc. David L. Larson President and David L. Larson
<br />Individually , whose mailing address for purposes of this Deed of Trust is 505 Linden
<br />Ave (herein, "Trustor ", whether one or more), the Trustee, Equitable Federal Savings Bank of
<br />Grand Island whose mailing address is 113 -115 N. Locust St. Grand Island NE 68801 (herein
<br />"Trustee "), and the Beneficiary, Equitable Federal Savings Bank of Grand Island, whose
<br />mailing address is PO Box 160, Grand Island NE 68802 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified
<br />herein to (herein "Borrower ", whether one or more), and the trust herein created, the receipt
<br />of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />Lender, under and subject to the terms and conditions hereinafter set forth, legally described
<br />as follows:
<br />LOT ONE HUNDRED THREE (103) IN BUENAVISTA A SUBDIVISION, AN
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />which has the address of 340 E HALL (Street) GRAND ISLAND (City), Nebraska 68801
<br />(Zip Code) ( "Property Address ");
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to,
<br />heating and cooling equipment and together with the homestead or marital interests, if any,
<br />which interests are hereby released and waived, all of which, including replacements and
<br />additions thereto, is hereby declared to be a part of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being referred to herein as the "Property ".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced
<br />by a Promissory Note dated 08 -10 -2005, having a maturity date of 02 -10 -2006, in
<br />the original principal amount of Twenty Five Thousand Five Hundred Ninety Five Dollars
<br />and 50 /100 Dollars ($25,595.50), and any and all modifications, extensions and renewals
<br />thereof or thereto and any and all future advances and readvances to Borrower (or any of
<br />them if more than one) hereunder pursuant to one or more promissory notes or credit
<br />arrangements (herein called "Note "); (b) the payment of other sums advanced by Lender to
<br />protect the security of the Note; (c) the performance of all covenants and agreements of
<br />Trustor set forth herein; and (d) all present and future indebtedness and obligations of
<br />Borrower (or any of them if more than one) to Lender whether direct, indirect, absolute or
<br />contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed
<br />of Trust and any and all other documents that secure the Note or otherwise executed in
<br />connection therewith, including without limitation guarantees, security agreements and
<br />assignments of leases and rents, shall be referred to herein as the "Loan Instruments ".
<br />TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br />1) PayMent of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br />2) Title. Trustor is the owner of the Property, has the right and authority to convey the
<br />Property and warrants that the lien created hereby is a first and prior lien on the Property
<br />doc8.doc 1 of 6
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<br />DEED OF TRUST
<br />Loan #
<br />809152
<br />This DEED OF TRUST is made as of the 10th day of August, 2.005 by and among the � (0
<br />Trustor, Larson Construction Inc. David L. Larson President and David L. Larson
<br />Individually , whose mailing address for purposes of this Deed of Trust is 505 Linden
<br />Ave (herein, "Trustor ", whether one or more), the Trustee, Equitable Federal Savings Bank of
<br />Grand Island whose mailing address is 113 -115 N. Locust St. Grand Island NE 68801 (herein
<br />"Trustee "), and the Beneficiary, Equitable Federal Savings Bank of Grand Island, whose
<br />mailing address is PO Box 160, Grand Island NE 68802 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified
<br />herein to (herein "Borrower ", whether one or more), and the trust herein created, the receipt
<br />of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />Lender, under and subject to the terms and conditions hereinafter set forth, legally described
<br />as follows:
<br />LOT ONE HUNDRED THREE (103) IN BUENAVISTA A SUBDIVISION, AN
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />which has the address of 340 E HALL (Street) GRAND ISLAND (City), Nebraska 68801
<br />(Zip Code) ( "Property Address ");
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to,
<br />heating and cooling equipment and together with the homestead or marital interests, if any,
<br />which interests are hereby released and waived, all of which, including replacements and
<br />additions thereto, is hereby declared to be a part of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being referred to herein as the "Property ".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced
<br />by a Promissory Note dated 08 -10 -2005, having a maturity date of 02 -10 -2006, in
<br />the original principal amount of Twenty Five Thousand Five Hundred Ninety Five Dollars
<br />and 50 /100 Dollars ($25,595.50), and any and all modifications, extensions and renewals
<br />thereof or thereto and any and all future advances and readvances to Borrower (or any of
<br />them if more than one) hereunder pursuant to one or more promissory notes or credit
<br />arrangements (herein called "Note "); (b) the payment of other sums advanced by Lender to
<br />protect the security of the Note; (c) the performance of all covenants and agreements of
<br />Trustor set forth herein; and (d) all present and future indebtedness and obligations of
<br />Borrower (or any of them if more than one) to Lender whether direct, indirect, absolute or
<br />contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed
<br />of Trust and any and all other documents that secure the Note or otherwise executed in
<br />connection therewith, including without limitation guarantees, security agreements and
<br />assignments of leases and rents, shall be referred to herein as the "Loan Instruments ".
<br />TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br />1) PayMent of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br />2) Title. Trustor is the owner of the Property, has the right and authority to convey the
<br />Property and warrants that the lien created hereby is a first and prior lien on the Property
<br />doc8.doc 1 of 6
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