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<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />n Construction Security Agreement
<br />D Master form recorded by __ __ __ __ __ __ __ __ . _ _ _ _ _ _ _ __ __ __ __ ________ ______ ________________ __ ___ __ ___
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is January 30,_ _ 2CJ,Q,8____________________
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTO~: James D Riley and Karen M Riley, husband and wife
<br />
<br />2610 parkview Drive
<br />Grand Island, NE 68803
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<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />Union Bank and Trust Company
<br />4243 Pioneer Woods Drive Lincoln NE 68506-
<br />
<br />BENEFICIARY:
<br />Union Bank and Trust Company
<br />PO Box 82535, Lincoln, NE 68501-2535
<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), Block Twenty-four (24), Russel Wheeler's Addition to the City of Grand
<br />Island, Hall County, Nebraska
<br />
<br />The property is located in
<br />
<br />at 405 W 11th St
<br />------------------------------------ --------------------------------
<br />
<br />(County)
<br />
<br />(Address)
<br />
<br />Grand Island
<br />(City)
<br />
<br />, Nebraska
<br />
<br />68801
<br />-----------------------
<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 $ ~8_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 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 />A PROMISSORY NOTE DATED 01/30/2008 IN THE AMOUNT OF $58,000.00 AND MATURING ON
<br />07/30/2008 FOR BORROWERS JAMES D AND KAREN M RILEY
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHlMC, FHA OR VA USE) ~ 0 (pagV1Q 40
<br />Exf5i=~ 0 1994 Bankers Systams, Inc_, St_ Cloud, MN Form RE-DT-NE 1/30/2002 Note Dated January 30, 2008 ~ ~
<br />~-C165INE) (0301) VMP MORTGAG~ FORMS. (800)521,7291 Loan Number 08-01-000186
<br />
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