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<br />.__._.~_. State of Nebraska Space Above Tins Line For Recording Data
<br />
<br />
<br />
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause) ...? c:"J. .::. - 0
<br />U Construction Security Agreement
<br />
<br />D Master form recorded by.............................
<br />
<br />I.. DATE AND ?ART1ES. The,Qal.e.,ofJhis .Deed PfT.nJS1j.s~C\l.t.~l;J;I.l.n1el1.~~~~;_.~..:.,.
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:" ..
<br />
<br />TRUSTOR:
<br />STAROSTKA HOMES, INC.
<br />429 INDUSTRIAL LANE
<br />GRAND ISLAND, NE 68803
<br />
<br />D If checked, refer to the attached Addendum incorporated herein. for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />ARCHER COOPERATIVE CREDIT UNION
<br />2121 ARCHER ROAD
<br />ARCHER, NE 68816
<br />
<br />BENEFICIARY:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816
<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 />
<br />LOT FOUR (4), BLOCK ONE (1), WOODLAND PARK SECOND SUBDIVISION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />The property is located in .. Ball. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. at .............................................
<br />.
<br />(County)
<br />
<br />.~.l-.(2. .lOWh. J.\VE...................................., GAANlI.. ;J;~+J;INR.............................., Nebraska.......................
<br />(Address) (City) (ZIP Code)
<br />
<br />Togerher with ail rights, easemenls, apjJurttlldllces, loyalties, mineral rights, oil anJ ~a:> light:>, ail \vater and .ipa.iiiil
<br />rights, dirches, 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 $ ........~ .~.? r. 9 R Q.~ .9.9....................... . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this 1 imitation 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 Ihis
<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, modit1cations or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts. interest rates. Inaturity'dates, err.)
<br />promissory note showing Blaluhorn Farm, Inc. as borrower
<br />in the amount of $185,000.00. Note maturity date 1-20-07.
<br />
<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA, FHLMC. FHA OR VA USE)
<br />~ @ 1994 Bankers Systems, Inc., St. Clo\Jd, MN Form RE.DT.NE 113012002
<br />
<br />(page 1 of 4)
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