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<br />200802761 <br /> <br />Space Above This Line 1<'01' Recording Data <br />DEED OF TRUST <br />(With Future Advance Clause) <br />D Construction Security Agreement <br />o Master form recorded by............................. <br />1. DATE ANDPAR'l'IES.Thedllte6f this Deed uf Trust (Security Instrumcnt) is .................. P.~.?t!.~.QQ$. . .. . . . . . . . . . . .. . . <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br /> <br />Stale of Nebraska <br /> <br />TRUSTOR: <br /> <br />DAVID S. MASEK AND BRENDA MASEK, HUSBAND AND WIFE, AS JT DEBTORS <br />HC 76, PO BOX 44 <br />PURDUM, NE 69157 <br /> <br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <br /> <br />TRUSTEE: <br /> <br />FIRST NATIONAL BANK NORTHEAST <br />PO BOX 9, 440 MAIN ST. <br />LYONS, NE 68038 <br /> <br />DENEFICIARY: <br /> <br />FIRST NATIONAL BANK NORTHEAST. CERESCO <br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE UNITED STATES OF AMERICA <br />362 COUNTY ROAD 18, PO BOX 28 <br />eERESCO,NE68lJW <br /> <br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to <br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably <br />grants, conveys and sells to Trustee, in trust for the benefit of Deneficiary, with power of sale, the following described <br />property: LOTS 3 AND 4, DICKEY SIXTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br /> <br />The property is located in ............................... HALL. . .. .. .. . .. . .. .. . .. . .. .. .. .. .... at 7~~~ .~.~9~~ rAT~!~K. 9.1: .. .. .. .. .. .. .. .. .. .. . <br />(Cowuy) <br /> <br />. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ., .................. .GMND.ISLAND . . . . . . . . . . . . . . . <br /> . . ., Nebraska ...,.... ,QG$P.1. . . . . . . . . <br />(Address) (City) (ZIP Code) <br /> <br />Together with all rights, casements, appurtenances, royalties, mineral rights, oil and gas rights, all watcr and riparian <br />rights, ditches, and watcr 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 ahove (all referred to as "Propcrty"). <br /> <br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time shall <br />not exceed $ 3P.Q.P.QQ,QO.............................,.......,., . This limitation of amount docs not include interest and other fees <br />an9 charges validly made pursuant to this Security Instrument. Also, this limitation docs not apply to advances made under <br />the tenus of this Security Instrument to protect Beneficiary's security and 10 perform any of the covenants contained in this <br />Security I nstrUll1ent. <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), guaranly(s) or other evidence of debt described <br />below and all their extensions, renewals, modifications or suhstitutions. (When rejerencing the debts below it is <br />suggested that you include items such as borrowers' names, note amoums, imerest rates, maturity dates, etc.) <br />NOTE DATED 03.26.08 IN THE AMOUNT OF $210,136.50 AND ANY NOTE CITING THIS DEED OF TRUST HEREAFTER. <br /> <br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE) <br />Ex{58?1ol.M @1994SankorsSystoms.lne..St. Cloud. MN Form RE DT NE 1/30/2002 <br /> <br />II.\) .' -.1111 (page 1 of 4) <br />'~~ rM <br />