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TRUSTOR: Galvan Construction, Inc.
<br />575 East Capital Ave
<br />Grand Island, NE 68801
<br />= Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: Union Bank and Trust Company
<br />PO Box 82535
<br />Lincoln, NE 68501 -2535
<br />BENEFICIARY: Union Bank and Trust Company
<br />3643 South 48th Street, PO Box 82535 Lincoln, NE 68501 -2535
<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 />Lot Two (2), in Beal Street Subdivision in the City of Grand Island, Hall County, Nebraska
<br />The property is located in -- ___Hall at 1008 N Beal St
<br />(County)
<br />Grand Island_ , Nebraska 68801
<br />(Address) (City) (ZIP Code)
<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 />and 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 Property, however
<br />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 time shall not exceed $ $100, 000.00_ . 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 Deed
<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 note(s), contract(s), guaranty(s) 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.) Construction
<br />note dated September 5, 2003 in the amount of $50,000.00 and maturing on March
<br />5, 2004.
<br />NEBRASKA - AGRICULTURAUCOMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) Page 1 of 6
<br />E�-C 7 (2) 1993 Bankers Systems, Inc., St. Cloud, MN Form AG /CO -DT -NE 3/812001
<br />(M - C164(NE) (0107).02 VMP MORTGAGE FORMS - (800)521-7291
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<br />State of Nebraska Space Above This Line For
<br />REAL ESTATE DEED OF TRUST
<br />Recording Data
<br />1�91
<br />(With Future Advance Clause)
<br />® Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is Sep_ 05, _ 2003
<br />and the
<br />parties and their addresses
<br />are as follows:
<br />TRUSTOR: Galvan Construction, Inc.
<br />575 East Capital Ave
<br />Grand Island, NE 68801
<br />= Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: Union Bank and Trust Company
<br />PO Box 82535
<br />Lincoln, NE 68501 -2535
<br />BENEFICIARY: Union Bank and Trust Company
<br />3643 South 48th Street, PO Box 82535 Lincoln, NE 68501 -2535
<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 />Lot Two (2), in Beal Street Subdivision in the City of Grand Island, Hall County, Nebraska
<br />The property is located in -- ___Hall at 1008 N Beal St
<br />(County)
<br />Grand Island_ , Nebraska 68801
<br />(Address) (City) (ZIP Code)
<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 />and 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 Property, however
<br />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 time shall not exceed $ $100, 000.00_ . 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 Deed
<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 note(s), contract(s), guaranty(s) 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.) Construction
<br />note dated September 5, 2003 in the amount of $50,000.00 and maturing on March
<br />5, 2004.
<br />NEBRASKA - AGRICULTURAUCOMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) Page 1 of 6
<br />E�-C 7 (2) 1993 Bankers Systems, Inc., St. Cloud, MN Form AG /CO -DT -NE 3/812001
<br />(M - C164(NE) (0107).02 VMP MORTGAGE FORMS - (800)521-7291
<br />
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