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<br /> - State of Nebraska Space Above This Line For Recording Data
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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />o Master form recorded by.............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .................O.~..lp:.20Q?................
<br />and the parties, their addresses and tax identification nwnbers, if required, are as follows:
<br />
<br />TRUSTOR:
<br />
<br />Gregory L. Alberts and Jennifer H. Alberts, Husband and Wife
<br />2325 Stagecoach Road
<br />Grand Island, NE 68801
<br />
<br />o If checked, refer to the attached Addendwn incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />Heritage Bank
<br />1333 N Webb Road PO Box 5138
<br />Grand Island, NE 68802.5138
<br />
<br />BENEPICIARY:
<br />
<br />Heritage Bank
<br />Organized and existing under the laws of the state of Nebraska
<br />1333 North Webb Road
<br />P.O. Box 5138 Grand Island, NE 68802.5138
<br />
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Dcht (defined helow) and Trustor's performance under this Security Instrument, Trustor irrevocably
<br />grants, conveys and sclls to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property: Lot Three (3) Berkshire Subdivision in the City of Grand Island, Hall County, Nebraska
<br />
<br />Thc property is locatcd in ............................... Hall................................ at 7.n~.~.t.'\9~~.~~~~. Rq~(...................
<br />(COlliUy)
<br />
<br />.............................................. ..... ........., .................. .Guwd.lshwd..................., Nebraska.. ......~&~QJ........
<br />(Address) (City) (ZIP Codc)
<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 $ .tQOQ,.QO.Q,OQ................................... . This limitation of amount does not include interest and othcr fccs
<br />and charges validly made pursuant to this Security Instrwnent. 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 containcd 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 />helow and all their extensions, rencwals, 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 />Heritage Bank loan in the amount of $1,000,000.00 matures March 30, 2008 in the name of Gregory L & Jennifer HAlberts
<br />
<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ Ij;) 1994 Bank.,. Sy.t.m., Ino" St. Cloud, MN Form RE-DT-NE 1130/2002
<br />
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