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<br />;0 <br />m <br />-n <br />c: <br />nnZ <br />~>~ <br />(")(1) <br />~::&: <br /> <br />o~ <br />:x: ---? <br />mCAl. <br />n:c I'.........) <br />;iIli; .:..::..-:-~ ("') UJ <br /> c:..~ 0 -f <br /> c:r.> <br /> "-. , c: .~ <br /> ~ ....-:1.."-" =:3 z ~ <br /> C) ~ $" = -l rn <br /> rn ....... = -< 0 <br /> U\ o -. ~ 0 "'T1 <br /> C) o"~ U1 ..." Z <br /> ~ t~: rT1 <br /> :x: <br /> Cl 1>- (I) <br /> fT1 l~ ' -0 r" :::0 <br /> f"l1 t ::3 r 1>- <br /> e> (j) <br /> C/l W ;;><:: <br /> l> <br /> N '"-'" '-" <br /> N (f) <br /> (n <br /> <br />p <br />,.. <br /> <br />N <br />\Sl <br />S <br />0) <br />\Sl <br />N <br />N <br /><0 <br /><0 <br /> <br />State of Nebraska <br /> <br />Space Above This Line For Recording Data <br /> <br />DEED OF TRUST <br />(With Future Advance Clause) <br />[i] Construction Security Agreement <br /> <br />1. <br /> <br />[J Master form rfc'Cordcd by <br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Mar gi,_ <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br /> <br />2006 <br /> <br />TRUSTOR: LARSON CONSTRUCTION, INC. <br /> <br />505 LINDEN AVE <br />GRAND ISLAND, NE 68801 <br /> <br />~fi <br />~~ <br />~I <br /> <br />c.oZ <br />o <br /> <br />~ <br /> <br />- 'j'\ <br />to' <br /> <br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <br /> <br />TRUSTEE: <br /> <br />Arend R. Baack, Attorney <br />P. O. Box 790 <br />Grand Island, NE 68802 <br /> <br />BENEFICIARY: <br /> <br />Home Federal Savings and Loan Association of Grand Island <br />221 South Locust Street Grand Island, NE 68801 <br /> <br />Organi~ed and Existing Under the Laws of The State of Nebraska <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: <br />LOT FIVE (5), BLOCK THREE (3), IN SUMMERFIELD ESTATES FOURTH SUBDIVISION, IN THE <br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA <br /> <br />The property is located in <br /> <br />Hall <br />(County) <br /> <br />at 1515 MEADOW ROAD <br /> <br />(Address) <br /> <br />Grand Island <br />(City) <br /> <br />, Nebraska <br /> <br />68803 <br />(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 water stock and ail existing and future improvements, structures, fixtures, 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 $ 240,000.00 . This limitation of amount docs 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, etc.) <br />A Promissory Note dated 03/15/2006 <br /> <br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USEI <br /> <br />~ 01994 Bankers Systems, Inc" SI. Cloud, MN Form RE-OT-NE 1/30/2002 <br /> <br /> <br />Q -C165(NE) 103011 VMP MORTGAGE FORMS - 18001521-7291 <br />@ <br /> <br />(page 1 of 4) <br />