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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />D Master form recorded by u u u _ ___ u u u u u u u u u u u u u u _ u u u u u u u u u ___ u ___ ___ u u u u u u u
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ()_c_t_o_~~z:__()2, 20Q.7.u_uuuuuuuuuuuu
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR: Jesse Spike, a single person
<br />
<br />4004 Northview Drive
<br />Grand Island, NE 68803
<br />
<br />D If checked, refer to the attached Addendum 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 />
<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 One (1), Northview Third Subdivision in the City of Grand Island, Hall County,
<br />
<br />Nebraska
<br />
<br />The property is located in ___ u u_
<br />
<br />Hall
<br />------..---------------------.----., -
<br />(County)
<br />
<br />at ~_9_0_~___~~z:~h,,;E!w Driv~u_uuuuu
<br />
<br />(Address)
<br />
<br />_ _ u u___G,T;~~_<;luJ_s)"_ilnd
<br />(City)
<br />
<br />, Nebraska _uuuu_6_8803
<br />(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 Instrument at anyone time shall
<br />not exceed $ $128,049.00 . 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 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 />Fixed Rate Promissory Note 135950 dated 10/02/2007 in the amount of
<br />$128,049.00 and maturing on 01/02/2008
<br />
<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ 0 1994 Bankers Systems, Inc" St. Cloud, MN Form RE-OT-NE 1/30/2002
<br />_ -C165(NE) (0301) VMP MORTGAGE FORMS _ (800)521-7291
<br />\!)
<br />
<br />~ (page 1 of 4)
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