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<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(WithFutur_e Advance Clause)
<br />-- D C-o-ristructlonSeeiirlty Agreement
<br />
<br />,'] 0, So
<br />
<br />D Master form recorded by
<br />1. DATE AND PARTIES. The date of this Deed of Trust is g_9_~m~_~_L?'QQ~_m_moom"_m_
<br />are as follows:
<br />TRUSTOR:
<br />
<br />and the parties and their addresses
<br />
<br />Three circle I, Inc., A Nebraska corporation
<br />
<br />TRUSTEE:
<br />
<br />P.O. Box 1268
<br />Dakota Dunes, SO 57049
<br />
<br />D Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />union Bank & Trust Company
<br />
<br />PO Box 542080 2720 South 177th St
<br />Omaha, NE 68130
<br />BENEFICIARY: Union Bank and Trust Company-Omaha
<br />
<br />2720 South 177th St Omaha, NE 68154-8080
<br />
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure
<br />
<br />the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of the
<br />
<br />Beneficiary, with power of sale, the following described property:-
<br />
<br />Lots 1 and 3, Fonner Third Subdivision in the City of Grand Island, Hall County, Nebraska, excepting
<br />therefrom tracts of land more particularly described in Warranty Deeds recorded as Inst. No. 82-3073,
<br />95-105533 and 2003~16358 in the office of the Register of Deeds of Hall County, Nebraska.
<br />
<br />The property is located in mmmmmmmmmuIl_~_:).J_,.. ,......oo.mmmmm_ at _~_~_Q_:).m~l?~lJ::!L~9~~_Ei_1;.mmmmmmmmmoo___
<br />(County)
<br />00 00 00 00 m m m m m m _ m m m 00 _ _ _. _ ....... m _ _ m _ m , m _ mmm m m 00 ~;-~~_9-". _~. EiJ_ ~~~ m_ moo m m m m _ , Nebraska m m 00 ~_ ~_ ~_ 9.:J, m m 00_
<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 anyone time shall not exceed $ S 71 0 , 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 perform 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.) Fixed Rate
<br />PromiSSOry Note # 1120720 dated 10/18/2005, in the amount of $710,000.00
<br />maturing on september 1, 2012.
<br />
<br />,~
<br />1/7}--
<br />NEBRASKA - AGRlCULTURAUCOMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHLMC. FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES)' 0
<br />
<br />~M01993 Bankers Systems. Ine" St, Cloud, MN Form AG/CO-DT-NE 1/30/2002 Loan Number 1120720
<br />..C164(NE) (0307) VMP Mortgage Solutions (800)521-7291
<br />i!>
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