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<br />
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />D Master form recorded by m . __ --- .
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<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ~~B__J_~_!___7.9.9.Ei__mm--mm--------'------d'--
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
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<br />
<br />1.
<br />
<br />TRUSTOR: Michael Deane Sperry and Patricia K Sperry, husband and wife
<br />
<br />2203 West Koenig, Grand Island, NE 68803
<br />
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
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<br />TRUSTEE:
<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 One (1), and the East Thirty-Six (36) Feet of Lot Two (2), Block Four (4) Ashton
<br />Place, an addition to the City of Grand Island, Hall County, Nebraska.
<br />
<br />The property is located in _.. m__wmm ._m__""m__.mli;~gm. _m__..__m" m__mm__.m at ~_~.q_~m~..L~9.~!!~g__m_. .m__ 'mm.mm
<br />(County)
<br />_. . m_ _ .. m __..m m' _ __ __ __ 'm.. _ m __ m m__..m m".m __ _ __ , . _ m m"" __m <;::r;_~~.c;1m~_~' ~~~~m __ - m__ -' -- -- , Nebraska - m --. ml?_ ~- ~- 9.;3. -, - m -- -.
<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 $ $494,508.00 . 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 referencinf; 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 1216770 dated August 14, 2006 in the amount of
<br />$247,254.00 and maturing on 08/15/2011
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<br />NEBRASKA _ DEED OF TRUST (NOT FOR FNMA, FHLMC. FHA OR VA USE)
<br />~ 0 1994 Bankers Systems, Ino" Sl. Cloud, MN Form RE-DT-NE 1/30/2002
<br />_ -C165(NE) (0301) VMP MORTGAGE FORMS - (800)521-7291
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<br />l1L(P.~f4J
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<br />Loan Number 1216770 ..
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