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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />[i] Constmction Security Agreement
<br />D Maste.' form reconled by __ _ __ _ __ _ __ __ _ _ _ _ _ _ __ __ ___ __ __ _ _ _ _ _ _ __ _ _ _ __ _ _ _ _ _ _ __ __ ___ _ _ __ _ _ __
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is F~p.F}l_a}::y_ _0_:1",_ _~QQ~ _ _ _ _ _ _ _ _ _ _ _ __
<br />and the parties and their addresses are:
<br />
<br />TRUSTOR: LARSON CONSTRUCTION, INC.
<br />
<br />505 LINDEN AVE
<br />GRAND ISLAND, NE 68801
<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 />Arend R. Baack, Attorney
<br />P. O. Box 790
<br />Grand Island, NE 68802
<br />
<br />BENEFICIARY:
<br />
<br />Home Federal Savings and Loan Association of Grand Island
<br />221 South Locust Street Grand Island, NE 68801
<br />
<br />Organized and Existing Under the Laws of The State of Nebraska
<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 TWENTY (20), IN WESTWOOD PARK SEVENTH SUBDIVISION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />
<br />The property is located in _
<br />
<br />Hal),
<br />(County)
<br />
<br />at 4027 SANDALWOOD DRIVE and
<br />----------------------------
<br />
<br />4029__ _t:;MD]~r,WQQI? _Q~WE
<br />(Address)
<br />
<br />Gra,nd :J;~!~!l9-_ _ _ _ _ _ _ _ _ , Nebraska
<br />(City)
<br />
<br />68803
<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, stmctures, 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 Il1,strumentat any 5)t\e time shall
<br />not exceed $ J!3.9J_O_O_O_._O_O_ _ __ _ _ _ _ _ _ _ _ _ _ _' 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{ies) or other evidence of debt described
<br />below and all their extensions, renewals, moditlcations 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 9/6/2007
<br />
<br />NEBRASKA - DEEQ OF TRUST INOT FOR FNMA, FHLMC. F~lA OR VA USE)
<br />01994 Wolters Kluwer Flnaneiol Services - BankelS System,rIA Form RE-DT-NE 12/15/200B
<br />VM P @-C165(NE) ID708)
<br />
<br />(page 1 of 4)
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