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<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />o Master form recorded by..............................
<br />1. DATE AND PARTIES. The date of this Decd of Trust (Security Instrument) is ................. Q.4..1.1:~Qml.. . . . . . . .. . . . . . . .
<br />and the parties, their addresses and laX identification numbers, if required, are as follows:
<br />
<br />State of Nebraska
<br />
<br />2 a S'":
<br />6
<br />
<br />TRUSTOR:
<br />
<br />Kim Jungck and Jane A. McDonald, Husband and Wife
<br />2328 N Locust St
<br />Grand Island, NE 68801
<br />
<br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />Heritage Bank
<br />1333 N Webb Road PO Box 5138
<br />Grand Island, NE 68802.5138
<br />
<br />BENEFICIARY:
<br />
<br />Heritage Bank
<br />Organized and existing under the laws of the state of Nebraska
<br />1333 North Webb Road
<br />P.O. Box 5133 Grand Island, NE 68802.5138
<br />
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and suftlciency 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: The South Half of the Northwest Quarter (S 1/2 NW 1/41 of Section Twenty.Seven (27), Township Twelve (12) North, Range
<br />Ten (10) West of the 6th P.M., Hall County, Nebraska.
<br />
<br />The property is located in ............................... Hall. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. at ..............................................
<br />(Comity)
<br />
<br />. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ., ..................................................., Nebraska
<br /> .......................
<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 water stock and all 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 $ p.QOAlOQ..QO...................................... . 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 I names, note amounts, interest rates, maturity dates, etc.)
<br />Heritage Bank loan in the amount of 500,000 matures 3/29/2007 in the name of Kim Jungck and Jane McDonald
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA. FHLMC, FHA OR VA USE)
<br />~ (!o) 1994 Bonkor. Systems, Inc., St. Cloud. MN Form RE.DT.NE 1/30/2002
<br />
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