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State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST r�
<br />(With Future Advance Clause) °f
<br />® Construction Security Agreement
<br />❑ Master form recorded by .............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ................. n4:1.-.D07.................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />CLINTON L. SIMMONS AND MICHELE T. SIMMONS, HUSBAND AND WIFE
<br />4041RFFO ROAD
<br />GRAND ISLAND, NE 68803
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: PINNACLE BANK
<br />320 G STREET
<br />CENTRAL CITY, NE 68826
<br />BENEFICIARY: PINNACLE BANK - CENTRAL CITY
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />320 G STREET P.O. BOX 28
<br />CENTRAL CITY, NE 68826
<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 T'rustor'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: LOT TWELVE (12), BLOCK TWO (2 ), NORTHVIEW FIRST SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />(4083 NORTHVIEW DRIVE, GRAND ISLAND, NE 68803)
<br />AND
<br />LOT TWENTY FOUR (24), POTASH SUBDIVISION, HALL COUNTY, NEBRASKA
<br />(4041 REED ROAD, GRAND ISLAND, NE 68803)
<br />The property is located in ............................... HALL. ............................... at 4 ................. PRIK .................... .
<br />4041 REED
<br />(County)
<br />ROAD
<br />............................ ............................... . .................. GR NQ S4A MR .................. Nebraska .......................
<br />(Address) (City) (ZIP Code)
<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 />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ Z50, 009, 114 ......... ............................... 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 />A CERTAIN CONSTRUCTION LOAN 111000230280 DATED 4/10107 IN THE NAMES OF CLINTON L. SIMMONS AND MICHELE T. SIMMONS
<br />FOR THE AMOUNT OF $226,032.46 AT AN INTEREST RATE OF 8.00% WITH A MATURITY DATE OF 10110107.
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />©1994 Bankers Systems, Inc., St. Cloud, MN Form RE -D7-NE 1/30/2007
<br />(page t of 4)
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<br />State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST r�
<br />(With Future Advance Clause) °f
<br />® Construction Security Agreement
<br />❑ Master form recorded by .............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ................. n4:1.-.D07.................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />CLINTON L. SIMMONS AND MICHELE T. SIMMONS, HUSBAND AND WIFE
<br />4041RFFO ROAD
<br />GRAND ISLAND, NE 68803
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: PINNACLE BANK
<br />320 G STREET
<br />CENTRAL CITY, NE 68826
<br />BENEFICIARY: PINNACLE BANK - CENTRAL CITY
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />320 G STREET P.O. BOX 28
<br />CENTRAL CITY, NE 68826
<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 T'rustor'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: LOT TWELVE (12), BLOCK TWO (2 ), NORTHVIEW FIRST SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />(4083 NORTHVIEW DRIVE, GRAND ISLAND, NE 68803)
<br />AND
<br />LOT TWENTY FOUR (24), POTASH SUBDIVISION, HALL COUNTY, NEBRASKA
<br />(4041 REED ROAD, GRAND ISLAND, NE 68803)
<br />The property is located in ............................... HALL. ............................... at 4 ................. PRIK .................... .
<br />4041 REED
<br />(County)
<br />ROAD
<br />............................ ............................... . .................. GR NQ S4A MR .................. Nebraska .......................
<br />(Address) (City) (ZIP Code)
<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 />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ Z50, 009, 114 ......... ............................... 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 />A CERTAIN CONSTRUCTION LOAN 111000230280 DATED 4/10107 IN THE NAMES OF CLINTON L. SIMMONS AND MICHELE T. SIMMONS
<br />FOR THE AMOUNT OF $226,032.46 AT AN INTEREST RATE OF 8.00% WITH A MATURITY DATE OF 10110107.
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />©1994 Bankers Systems, Inc., St. Cloud, MN Form RE -D7-NE 1/30/2007
<br />(page t of 4)
<br />
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