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<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />Security Agreement 0 Master form recorded by
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<br />State of Nebraska
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<br />o Construction
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<br />1. DATE AND PARTIES. The date of this Deed of Trust is 04.30.2008
<br />their addresses are as follows:
<br />
<br />TRUSTOR: McElroy Investments, 1.1.C., A Nebraska Corporation
<br />3136 Laramie Dr
<br />Grand Island, NE 68803
<br />
<br />o Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: Heritage Bank
<br />1333 N. Webb Road P.O. Box 5138
<br />Grand Island, NE 68802-5138
<br />
<br />BENEFICIARY:
<br />
<br />Heritage Bank
<br />Organized and existing under the laws of the state of Nebraska
<br />1333 North Webb Road
<br />P.O. Box 5138 Grand Island, NE 68802.5138
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<br />and the parties and
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<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (hereafter defined). Trustor irrevocably grants, conveys and sells to Trustee, in trust for the
<br />benefit of the Beneficiary, with power of sale, the following described property:
<br />Lots Five (5) and Six (6), in Block Two (2), Valley View Subdivision in the City of Grand Island, Hall County, Nebraska
<br />
<br />The property is located in Hall
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<br />(County)
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<br />at 1011-1013-1015 E. Bismark
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<br />, Grand Island
<br />
<br />, Nebraska68801
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<br />(Address) (City) (Zip Code)
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<br />Together with all rights, easements. appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
<br />diversion payments or third party payments made to crop producers. and all existing and future improvements,
<br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described
<br />above (all referred to as "Property"). The term Property also includes, but is not limited to, any and all water wells,
<br />water, ditches, reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights
<br />associated with the Property, however established.
<br />
<br />NEBRASKA. AGRICUL TURAL/COMMERCIAL REAL ESTATE SECURITY INSTRUMENT
<br />(NOT FOR FNMA, FHLMC, FHA OR VA USE. AND NOT FOR CONSUMER PURPOSES)
<br />~ @1993, 2001 Bankers Systems, Inc., St. Cloud, MN Form AGCO-RESI-NE 1/17/2003
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