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<br />200512031
<br />
<br />Space Above This Line For Recording Data
<br />
<br />€
<br />
<br />~o
<br />
<br />DEED OF TRUST .;2.0.
<br />(With Future Advance Clause)
<br />Ix Construction Security Agreement
<br />Master form recorded by.............................
<br />1. DATE AND ~,i\RTIES. The date of thi~_ DeedgfTrust (Security Instrument) is ................. .1V~~-.49P.L...............
<br />and the parties, their addresses and tax identification numoers ,1l""requIiU;are as to rrows: .
<br />
<br />~~.,'......~..
<br />
<br />TRUSTOR:
<br />
<br />OSEKA HOMES, LLC, A NEBRASKA COMPANY
<br />3204 MAGNOLIA CT
<br />GRAND ISLAND, NE 68803
<br />
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />BANK OF DONIPHAN
<br />P.O. BOX 270
<br />DONIPHAN, NE 68832
<br />
<br />BENEFICIARY:
<br />
<br />BANK OF DONIPHAN
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />POBOX270
<br />DONIPHAN, NE 68832-0270
<br />
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property: LOT 19, BLOCK 3, SUMMERFIELD ESTATES 4TH ADDN. TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />
<br />The property is located in .............................. HALL. . ............................. at n99. M~~RQW. RP.:......................
<br />(County)
<br />
<br />............................................................, .............. ..G~J).ISLAND................, Nebraska........ !5.~~IU........
<br />(Address) (City) (ZIP Code)
<br />
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and wate.Lstock.-a1W-.alLexisting-..andfutw:eo..improvements..--st~fiKtures, and replacements that may.
<br />nOW, or at any time in the future, be part of the real estate described above (all referred to as "Property").
<br />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time shall
<br />not exceed $ ZQ~ .~;3.Q .~n . ....... .. .. .. .. . .. .. .. .. .. .. .. .. . .... . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, ete.)
<br />BANK OF DONIPHAN LOAN DATED 11-22-2005, AND ANY EXTENSIONS, MODIFICATIONS AND RENEWALS THEREOF.
<br />
<br />NEBRASKA- DEED OF TRUST (NOT FOR FNMA. FHLMC, FHA OR VA USE)
<br />Ex'/5i:!~ _ 1994 Bankers Systems, Inc., SI. Cloud, MN Form RE-DT-NE 1/30/2002
<br />
<br />(page 1 of 4)
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