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<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />D Master form recorded by .. 'H m.. u._. _. _ _ _ _ _ _ _ _ _ _ _ ___ _ __ __ _ _______________ _________n_____________ n _ n' __________ n___________________n ___n____ _________
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is J~-'~P_~_~~~;:n~~_,---~_Q_Q_~n_______________________
<br />and the parties, their addresses and tax identification nwnbers, ifrequired, are as follows:
<br />
<br />\~\..
<br />"\ )
<br />, '." .~,
<br />t.
<br />
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<br />
<br />1.
<br />
<br />TRUSTOR: James 0 Riley and Karen M Riley, husband and wife
<br />
<br />2610 Parkview Drive
<br />Grand Island, NE 68803
<br />
<br />D If checked, refer to the attached Addendwn 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 Instrwnent, 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 Twelve (12), Gilbert's Second Addition to the City of Grand
<br />
<br />Island, Hall County, Nebraska, according to the recorded plat thereof
<br />
<br />The property is located in .___ n n ___ n n n _______ _________n~~g_ ________________ _______ ______n___ at _~_~.~_u~ ..:I:~ ~!1n ~~______n ____ ______ __________
<br />(County)
<br />__ _ n n _ _ n n nn_ n _ n _ n n n n n n _....... _....."".... '"'..... ,... __ , "" ..."". u... n~_J;.~~_~n):_~~~~4n n__.... __..... , Nebraska nnnnn~_~_~9.;I,nnnnn
<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 Instrwnent at anyone time shall
<br />not exceed $ $120,182.00 . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrwnent. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrwnent to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrwnent.
<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 dated 09/28/2006 #1231510 in the amount of
<br />$60,091.00 and maturing on 03/28/2007
<br />
<br />NEBRASKA ~ DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ 0 1994 Benkers Systems, Inc., SI. Cloud, MN Form RE-DT-NE 1/30/2002
<br />~.C165(NE) (0301) VMP MORTGAGE FORMS. (800)521.7291
<br />
<br /><\'Q(pa~
<br />
<br />Loan Number 1231510
<br />
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