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<br /> State of Nebraska Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause) .:?
<br />D . Construction Security Agreement o. So
<br />D Master form recorded by __ __ __ __ __ __ __ __ __ __ ___ __ __ __ __ __ __ ___ ___ _____ ________ _______ ___ __ __ __.. . _.___ ___ __ ________________________________ ______________
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ~,,~;-.~1:1:..9_~!m~~~1m.____._ _.._............
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: . ." - - .. --
<br />
<br />TRUSTOR: Vernon D Penas and Patricia N Penas. husband and wife
<br />
<br />2513 pioneer Blvd
<br />Grand Island, NE 68801
<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 />
<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 Beneticiary, with power of sale, the following described
<br />property:
<br />Lot Seven (7), in Block One (1), in Bel Air Addition to the City of Grand Island,
<br />Hall County, Nebraska
<br />
<br />The property is located in
<br />
<br />m 2512 W La Mar Ave
<br />--------------------------. .._".------------------
<br />
<br />(County)
<br />
<br />(Address)
<br />
<br />..G;'_~p,_9-___~_~_~~!!ci.____________ , Nebraska___
<br />(City)
<br />
<br />68. !J!V:__________
<br />(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 $ $40,182.00 . 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 />thc 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. SECUREDl>EBT AND FUTURE AllV ANCES. 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, moditlcations or substitutions. (When referencing the debts below it is
<br />suggested lhal you include items such as borrowers' names, note amounts, interest rates, maturity dates. etc.)
<br />Fixed Rate Promissory Note 1277245 in the amount of $20,091.00 and maturing on
<br />03/08/2010
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~nJ: 0 1994 Bankers Systems, Inc., 51. Cloud, MN Form RE-DT-NE 1/30/2002
<br />G .C165(NE) (0301) VMP MORTGAGE FORMS - (800)521-7291
<br />@
<br />
<br />K (pag\Jf)
<br />
<br />Loan Number 1277245
<br />
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