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<br /> State of Nebraska Space Above This Line For Recording Data
<br />
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<br />D Master form recorded by _ " _ __ m __ m m m m m __ m m m m m m __ m m m m _ m _ m _ m m m m m m __ m m
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrwnent) is May 30, 2007
<br />andtlleparties, their addresses and tax identification nwnbers, if required, are as-f~ll~~~:mm-m-m
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />
<br />;z D, Sa
<br />
<br />TRUSTOR: Thomas L Willits. a single person
<br />
<br />1804 Rainbow Road
<br />Grand Island, NE 68801
<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 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 />Lot Seven (7), Rainbow Lake Third Subdivision, in the city of Grand Island, Hall
<br />
<br />County, Nebraska.
<br />
<br />The property is located in mmmmm_ mmmmmmmmmmmmmm__ m__ _m__.... __ _ at .~_~_()_1:m:R~~~~~__ ~~_~_c;l._.mmm m _ ____
<br />(County)
<br />m__mmmm_mmmmmmm m _ U m' __ _ m _. __ _ _ __ __ _ _ , u __ _.... "... _ ~E.~.n.._Q,. }_~_ ~~~~__ mmmmm , N ebraska mm.m~_~_~!>.~_mmm
<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 $ $52,000.00 . 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 ANt> FUTURE AnV 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, 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 1318420 dated 05/30/2007 in the amount of
<br />$26,000.00 and maturing on 06/07/2012
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ 0 1994 Bankers Systems. lno" SI. Cloud, M N Form RE.DT-NE 1/30/2002
<br />.. -C165(NE) (0301) VMP MORTGAGE FORMS - (800)521-7291
<br />@
<br />
<br />~ge 1 of 4)
<br />
<br />Loan Number 1318420
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