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<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />
<br />D Master form recorded by _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
<br />1. DATE AND PARTffiS. The date of this Deed of Trust (Security Instrument) is ~~~_ J_9_,_ _2J~_QE! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __
<br />and the parties and their addresses are:
<br />
<br />TRUSTOR: GARY'S QUALITY AUTOMOTIVE, INC.
<br />
<br />3703 w. OLD POTASH HWY
<br />6RAND ISLAND, NE 68803-4907
<br />
<br />D If checked, refer to the attached Addendwn incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />Arend R. Baack, Attorney
<br />P. O. Box 790
<br />Grand Island, NE 68802
<br />
<br />BENEFICIARY:
<br />Hom.e 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 (defmed below) and Trustor's performance under this Security Instrwnent, 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 />LOTS THREE (3) AND FOUR (4), WESTGATE FIFTH SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />The property is located in _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ J~AlA _ _ _ _ ~ _ ~ ~ ~ ~ _ _ ~ _ _ _ _ at ~.7.9?_ _,~ ~3]_0_~ _ J'!"- -'.2~ _~9~Ml!l_
<br />(County)
<br />~_ ~ __ __ __ __ ~ _ __ __ __ __ __ _ __ _ _ __ _ _ , _ __ __ __ _~~ _~~~__ __ __ _ __ , Nebraska_ __ __~~~9~_ _ ___
<br />(Address) (City) (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, 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 $ ~.?.9J_O_O_O_,_O_Q. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _' '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 Instrwnent to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE AnV ANCES. The teon "Secured Debt" is defmed 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, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, 11Ul/urity dates, etc.)
<br />A Prom.issory Note dated 06/19/2008
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOll FNMA. FHLMC. FHA OR VA USE)
<br />o 1994 Wolte" Klower Flnenclel Service. . Banker. Syotem.lII Form RE-OT.NE 1211 6/200B
<br />VMPiIll.C165(NE) (0708)
<br />
<br />~ (page 7 of 4)
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