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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />D Master form recorded by ___________________________________________ _ _"
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is May 26,_
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />~"
<br />-- -- -- -- -- -- -- -- -- -- -- -- -- --- - --- ~;
<br />
<br />1.
<br />
<br />2006
<br />
<br />TRUSTOR: LaVern F. Engler and Arlene R. Engler, Co-Trustees of the LaVern F. Engler and Arlene R.
<br />Engler Revocable Trust dated October 10, 2000
<br />4215 W Capital Ave, 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 />
<br />Union Bank and Trust Company
<br />PO Box 5166
<br />Grand Island, NE 68802
<br />
<br />BENEFICIARY;
<br />Union Bank and Trust Company-Grand Island
<br />2008 North Webb Road Grand Island, NE 68803
<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 Two (2), Hoes Subdivision to the City of Grand Island, Hall County, Nebraska
<br />
<br />The property is located in
<br />
<br />Hall
<br />
<br />m 2742 N. Webb Rd.
<br />
<br />(County)
<br />
<br />-------------------------------- ,
<br />
<br />Grand Island
<br />---------------------------------------------------------
<br />(City)
<br />
<br />, Nebraska
<br />
<br />68803
<br />------------------------------
<br />(liP Code)
<br />
<br />(Address)
<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 $ $128,000.00 . This limitation of an10unt 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, etc.)
<br />Fixed Rate Promissory Note 1192415 dated OS/26/2006 in the amount of
<br />$125,736.99 and maturing on 12/02/2006
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ 0 1994 Bankers Systenis, Inc., Sl. Cloud. MN Forni RE-DT.NE 1/30/2002
<br />G -C165(NE) (0301) VMP MORTGAGE FORMS - (BOO)52H291
<br />@
<br />
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<br />
<br />Loan Number 1192415
<br />
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