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<br />Space Above This Line For Recordhlg Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />o Master form recorded by .............................
<br />1. DATE AND l'ARTIES. The date of this Deed of Trust is O.8./.l7.1.2.0Q7............................... and the parties and their
<br />addresses are as follows:
<br />
<br />30. 50
<br />
<br />TRUSTOR:
<br />
<br />T.W. "Friesen L.L.C.
<br />4134 W. Faidley Avenue
<br />Grand Island, NE 68803
<br />
<br />o Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />
<br />TRUSTEE:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816
<br />
<br />BENEFICIAR Y:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816
<br />2. CONVEYANCE. For good and valuablll consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the
<br />benefit of the Beneficiary, with power of sale, the followin~ described nronertv:
<br />......i::J'-. -........,....IIt-'''IVII.
<br />
<br />Lot 1, Rlef.Sta~deven SUbdl~islon, In the City of Grand Island, Hall County, Nebraska, excepting a tract of
<br />land more partlcu.larly deSCribed In Warranty Deed recorded as Document No. 200308995 and excepting a
<br />tract of land more particularly ~escrlbed In Deed of Correction recorded as Document No. 200313515, and
<br />Correction Deed of Correction flied March 22, 2006 as Document No. 200602390 .
<br />
<br />The property is located in HALL ............. ........ ..... ...... ,.......................... .... at ,..,...................................,....
<br />(County)
<br />
<br />'t~QO...Ill.-. .RWX. .3.0..............................,.., GRANU. ISlJ.\NO........................, Nebraska........ .6 a ao.1. ...,...,......
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
<br />diversion payments or third party payments made to crop producers, and all existing and future improvements, structures,
<br />fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all
<br />referred to as "Property"). The term Property also includes, but is not limited to, any and all water wells, water, ditches,
<br />reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property,
<br />however established.
<br />
<br />3. MAXIMUM OBLIGATION LIMIT. The total princ~al amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at anyone time shall not exceed $ ........ .O.~ I. P'O.Q... P.O....,..................... . This limitation of amount does
<br />not include interest, loan charges, comm~ment fees, brokerage conunissions, attorneys' fees and other charges validly
<br />made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances) made under the
<br />terms of this Deed of Trust to protect Beneficiary security and to perform any of the covenants contained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this Deed of Trust even
<br />though all or part may not yet be advanced. Nothing in this Deed of Trust, however, shall constitute a commitment to
<br />make additional or future loans or advances in any amount. Any such commitment would need to be agreed to in a separate
<br />writing.
<br />
<br />4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all extensions,
<br />renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it is suggested that
<br />you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />PROMISSORY NOTE SHOWING Zalt, Inc.
<br />AS BORROWERS IN THE AMOUNT OF 209,000.00. NOTE MATURITY OF 6/01/2016.
<br />
<br />NEBRASKA - AGRICUL TURAL/COMMERCIAL DEED OF TRUST INOT FOR fNMA, FHLMC. FHA OR VA USE. ANO NOT FOR CONSUMER PURPOSES) /. ./'
<br />, /1. v,
<br />
<br />pege 1 af 6
<br />
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