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<br />
<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data \~.'. '\
<br />DEED OF TRUST<::.,,~..i
<br />~'I
<br />(With Future Advance Clause) (-:'.., h...
<br />D Construction Security Agreement \~ "-
<br />D Master form recorded by ____________ ___ . ____________________________________________________________________________ ...... _.________________(.) C:-.\
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ~~r9.h~2.,-"~9.c>1________________________________.,..
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR: Terence L Holcomb
<br />Stephanie L Holcomb, husband and wife
<br />4040 Norseman Ave
<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 />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 Beneficiary, with power of sale, the following described
<br />property:
<br />The East Half of the North Half of the West Half of the Northeast Quarter
<br />(El/2Nl/2Wl/2NEl/4) of Section Ten (10), Township Eleven (11) North, Range Ten (10)
<br />West of the 6th P.M., in Hall County, Nebraska
<br />
<br />The property is located in ___ __ _ __ _____ ___ _ ________________~~n___________________________________ at 1_~_:?_~___W__Q~l?g~~__~.Y.~_~~~___________
<br />(County)
<br />
<br />(Address)
<br />
<br />_ _ __ __ _.. _ _ _ __ _ _ G~_~~_~_ J_ ~~ ~Ilci
<br />(City)
<br />
<br />____________ , Nebraska __________~_?JJ.!).;3.__________
<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 any one time shall
<br />not exceed $ $300,000.00 . 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 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 1262890 in the amount of $300,000.00 and maturing
<br />on 06/16/2007
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />Ex:j5e~ 0 1994 Bahk".. Systems, thC, Sl. Cloud, MN Form RE.DT.NE 1/30/2002
<br />G .C16 S(NE) (0301) VMP MORTGAGE FORMS. (800)521-7291
<br /><!>
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