|
<br /> ~~
<br /> CJ~~
<br /> ~~~
<br /> ,~ ~
<br /> ~
<br />I\.) ti Y\~
<br />s
<br />s ~~ k.
<br />-.....J (~~
<br />S
<br />W
<br />-->.
<br />S ~ ~
<br />co 'i-
<br /> "
<br /> " .,..
<br /> ~ i'\
<br /> r
<br /> ;;;J
<br /> "" r
<br /> ~
<br /> ~
<br />
<br /> ;110 n ~ .' ....:) ~I
<br /> m :E: ':"-:-~,> (") ".",
<br /> "'n ~.;,:~;~ ,-,
<br /> C m -::. .\,~~~ -"", 0 -i
<br />n Z n :c c: J......
<br /> ~ ::D :z --j
<br />X ~ C :;c '" \. -0 -~ m
<br />m ~ p; >-.,: ::0 -< ~~
<br />n en (;) 0
<br />~ :E: ~ C) "':~ I-l 0 <,
<br /> '1 CD <1 :t-:: -
<br /> "')..,: ~~
<br /> C"'., r~ ~:r: 1-'1
<br /> V\ P'l I:J !> CD
<br /> 0 r"'rl ::3 , :;:0
<br /> c::> r :r> ~i
<br /> (J) t. I-l (/)
<br /> "e-. r'0 ;:><;
<br /> :r>
<br /> r'0 -- C=> ...
<br /> CD (/) CO ~
<br /> (fl
<br />
<br />Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />
<br />.5 eJ, So
<br />
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is April 12, 2007. The parties and
<br />their addresses are:
<br />
<br />TRUSTOR (Grantor):
<br />T.C. ENCK BUILDERS, INC.
<br />A Nebraska Corporation
<br />511 Fleetwood Cir.
<br />Grand Island, Nebraska 68803
<br />
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Nebraska Corporation
<br />POBox 51 68
<br />Grand Island, Nebraska 68802
<br />
<br />BENEFICIARY (Lender);
<br />PLATTE VALLEY STATE BANK &TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />810 Allen Drive
<br />Grand Island, Nebraska 68803
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of lender, with power of sale, the following
<br />described property:
<br />
<br />lot Four (4), Via Milano Subdivision, in the City of Grand Island, Hall County, Nebraska
<br />
<br />The property is located in Hall County at 2422 N, Hancock Ave., Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock, crops, timber, all diversion payments or third party payments
<br />made to crop producers and all existing and future improvements, structures, fixtures, and replacements that
<br />may now, or at any time in the future, be part of the real estate described (all referred to as Property). This
<br />Security Instrument will remain in effect until the Secured Debts and all underlying agreements have been
<br />terminated in writing by lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone
<br />time will not exceed $143,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. The term "Secured Debts" includes and this Security Instrument will secure each of the
<br />following:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 276614-105, dated April 12, 2007, from Grantor
<br />to lender, with a maximum credit limit of $143,000.00. One or more of the debts secured by this Security
<br />Instrument contains a future advance provision.
<br />B. Sums Advanced. All sums advanced and expenses incurred by lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
<br />5. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by
<br />this Security Instrument and has the right to irrevocably grant, convey and sell the Property to Trustee, in trust,
<br />with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of
<br />record.
<br />6. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or
<br />other lien document that created a prior security interest or encumbrance on the Property, Grantor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. To promptly deliver to lender any notices that Grantor receives from the holder.
<br />C. Not to allow any modification or extension of, nor to request any future advances under any note or
<br />agreement secured by the lien document without lender's prior written consent.
<br />
<br />T.C. Enck Builders, Inc.
<br />Nebraska Oeed Of Trust
<br />NE/4XX28424000005900005586013041207Y
<br />
<br />~'996 Bankers Systems, Inc., St. Cloud, MN ~
<br />
<br />Initials
<br />Page 1
<br />
|