|
Stan of Nebruke 6p Above This Live Fur Hecordivg a net
<br />REAL ESTATE DEED OF TRUST
<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________. and the parties end [heir addresses 'SC
<br />ore as follows:
<br />FRUSTOR: 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), Truster 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 One (1), in seal Street SOEdivieion in the City me Ceand Island, Hall COOnty, NMESaait.
<br />The property is located in _ _,,....... Hall_._ _. at 1012 -N Beal_st_,,,..
<br />(County)
<br />Grand„ Island _..__ . Nebraska „68801- -_
<br />- - -- (Address) - _- (City) (ZIPCeda)
<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 welts, 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 $ 519Q,900. 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 Decd 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 out 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. AGMCULTUMUCOMMFHCNLOEFD OFTRUST)NOT FOR FNMA, F11LMe FHAORVAUSE AND NOT FOR CONSUMER PURPOSES) pp' 09e FO16
<br />Eej Cie (7)99] sm yers Systems, Inc., Si CR,a MN Fo,m AeOO UT NE 3I812001 999 --
<br />(0.0164(NE)(01.71.92 VMPMORTGAGEFORIAS- 1009)521 -029)
<br />m
<br />p
<br />f1 D
<br />der*
<br />m
<br />S
<br />cry
<br />ci
<br />1
<br />Z
<br />..7C
<br />N
<br />o�
<br />T
<br />�CL
<br />N
<br />Ur
<br />y�
<br />n
<br />=
<br />n co
<br />r
<br />G
<br />G
<br />m
<br />3
<br />A
<br />N
<br />f;l
<br />r°n
<br />r 0'
<br />c
<br />N
<br />9
<br />Stan of Nebruke 6p Above This Live Fur Hecordivg a net
<br />REAL ESTATE DEED OF TRUST
<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________. and the parties end [heir addresses 'SC
<br />ore as follows:
<br />FRUSTOR: 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), Truster 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 One (1), in seal Street SOEdivieion in the City me Ceand Island, Hall COOnty, NMESaait.
<br />The property is located in _ _,,....... Hall_._ _. at 1012 -N Beal_st_,,,..
<br />(County)
<br />Grand„ Island _..__ . Nebraska „68801- -_
<br />- - -- (Address) - _- (City) (ZIPCeda)
<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 welts, 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 $ 519Q,900. 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 Decd 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 out 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. AGMCULTUMUCOMMFHCNLOEFD OFTRUST)NOT FOR FNMA, F11LMe FHAORVAUSE AND NOT FOR CONSUMER PURPOSES) pp' 09e FO16
<br />Eej Cie (7)99] sm yers Systems, Inc., Si CR,a MN Fo,m AeOO UT NE 3I812001 999 --
<br />(0.0164(NE)(01.71.92 VMPMORTGAGEFORIAS- 1009)521 -029)
<br />
|