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<br />
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />
<br />THIS DEED OF TRUST, is made as of the 19th day of September-
<br />among the Trustor, Albert P Salinas and Carol L Salinas, husband and wife
<br />
<br />2005
<br />
<br />, by and
<br />
<br />'V
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<br />
<br />whose mailing address is 162 Pennsylvania Ave, Lincoln, NE 68521
<br />(herein "Trustor", whether one or more), the Trustee, West Gate Bank
<br />whosemailingaddressis60030ldCheneyRdLincoln.NE 68516
<br />(herein "Trustee"), and the Beneficiary, West Gate Bank
<br />whose mailing address is 6003 Old CheneyRd Lincoln,NE 68516
<br />(herein "Lender"),
<br />
<br />FOR VALUABLE CONSIDERA nON, including Lender's extension of credit identified herein to
<br />Troy D Bugbee and Lucinda R Bugbee
<br />
<br />(herein "Borrower", whether one or more) and the trust herein created, the receipt of which is hereby acknowledged,
<br />Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, TN TRUST, WITH POWER OF SALE,
<br />for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, the real
<br />property, described as follows:
<br />Lot Ten (l0), in Block Seventeen (17), in Baker's Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />AKA: 2204 W 1st Gmnd Island, NE 68801
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<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights,
<br />privileges and appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits,
<br />reversions and remainders thereof, and such personal property that is attached to the improvements so as to constitute
<br />a fixture, including, but not limited to, heating and cooling equipment; and together with the homestead or marital
<br />interests, if any, which interests are hereby released and waived; all of which, including replacements and additions
<br />thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the
<br />foregoing being referred to herein as the "Property",
<br />
<br />This Deed of Trust shall secure (a) the payment ofthe principal sum and interest evidenced by a Promissory
<br />Note or Credit Agreement dated September 19th ,2005, in the original principal amount of
<br />$290,500.00 , and any and all modifications, extensions and renewals thereof or thereto and any and all future
<br />advances and readvances to Borrower (or any of them if more than one) hereunder pursuant to one or more
<br />Promissory Notes or Credit Agreements (herein called "Note"); (b) the payments of other sums advanced by Lender
<br />to protect the security of the Note; (c) the performance of all covenants and agreements of Trustor set forth herein;
<br />and (d) all present and future indebtedness and obligations of Borrower (or any of them if more than one) to Lender
<br />whether direct, indirect, absolute or contingent and whether arising by Note, Guaranty, overdraft or otherwise. Upon
<br />request of Borrower, Lender may, at its option, make additional and future advances and readvances to Borrower.
<br />Such optional advances and readvances, with interest thereon, shall be secured by this Deed of Trust. At no time
<br />shall the principal amount of such optional future advances, not including sums advanced to protect the security of
<br />this Deed of Trust or other indebtedness secured by this Deed of Trust, exceed the amount of $581,000.00
<br />The Note, this Deed of Trust and any and all other documents that secure the Note or otherwise executed in
<br />connection therewith, including without limitation Guarantees, Security Agreements and Assignments of Leases and
<br />Rents, shall be referred to herein as the "Loan Instruments".
<br />
<br />Trustor covenants and agrees with Lender as follows:
<br />1. Payment of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br />
<br />2. Title. Trustor is the owner of the Property, has the right and authority to convey the Property, and
<br />warrants that the lien created hereby is a first and prior lien on the Property, except for liens and encumbrances set
<br />forth by Trustor in writing and delivered to Lender before execution of this Deed of Trust, and the execution and
<br />delivery of this Deed of Trust does not violate any contract or other obligation to which Trustor is subject.
<br />
<br />14109.CV (9/04)
<br />
<br />3304376
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<br />Page 1 01'4
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