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<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
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<br />(8772
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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />n Construction Security Agreement
<br />D Master form recorded by ___ __ __ ___ __ __ _ ______ __ _ ___ __ __ __ ___ _ _ _ _ ___ __ __ __ __ __ ___ ___ __ ______ __ __ __ __ __ __ __ __ __ __ __ __ ___ _ __ ___ _ __ __ __
<br /> __ __ _ __ _ _ __ _ _ _ _ _ _ __
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ~~_r_\1.~~__~~_,___~_O.o_8_
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR: Leo J. Mostek and Laura M. Mostek, husband and wife
<br />
<br />716 S.Stuhr Road
<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 />union Bank and Trust Company
<br />4243 pioneer Woods Drive Lincoln NE 68506-
<br />
<br />BENEFICIARY:
<br />
<br />union Bank and Trust Company
<br />4243 pioneer Woods Drive Lincoln NE 68506-
<br />
<br />e;-
<br />N
<br />
<br />~
<br />~
<br />~
<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 />
<br />The Easterly 161.8 feet of Lot One(l), Valley View Second Subdivision, in the City
<br />
<br />of Grand Island, Hall County, Nebraska.
<br />
<br />The property is located in __ __ __ __ ___ __ __ ___ __ _ __ _ __ __ __ _ __ __~~:L:l, __ __ _ __ __ __ __ __ __ __ __ __ _ __ __ __ __ _ at 716 S. Stuhr Road
<br />(County)
<br />
<br />,Nebraska .__._~EJEJ():t,__________
<br />(ZIP Code)
<br />
<br />Grand Island
<br />-------------------------------------------------------------------- ----------------------------------------------------
<br />(Address) (City)
<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 $ $360,000.00 . This limitation of amount does not include interest and other fees
<br />and charges validly mt'_de 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 I names, note amounts, interest rates, maturity dates, etc.)
<br />A Construction Note dated February 27, 2008 in the Amount of $180,000.00 and Maturing on February
<br />27,2009 for Borrowers Jeremy J.Mostek and Tamra L.Mostek.
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE)
<br />~ 0 1994 Sankers Systems, Inc., St. Cloud, MN Form RE.OT.NE 1/30/2002 Note Dated February 27, 2008 ~
<br />G -C165(NE) (0301) VMP MORTGAGE FORMS - 1800)521-7291 Loan Number 08-02.000212
<br />@
<br />
<br />(page 1 of 4)
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