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<br /> State of Nebraska Space Above This Line For Recording Pata
<br /> DEED OF TRUST p~
<br /> (With Future Advance Clause)
<br /> Construction Security Agreement
<br /> Master form recorded by _ _ _ _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is OS./23/20 09 _ _ _ _ _
<br /> and the parties and their addresses are:
<br /> TRUSTOR: CONNIE M KING AND TIM OTHY K KING, AS WIFE AND HUSBAND
<br />1515 N GRAND ISLAND AVE GRAND ISLAND, NE 68803
<br />[~ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: UNION BANK AND TRUST COMPANY
<br />BENEFICIARY:
<br />3643 SOUTH 48TH STREET PO BOX 82535 LINCOLN, NE 68501°2535
<br />UNION BANK AND TRUST COMPANY
<br />3643 SOUTH 48TH STREET PO BOX 82535 LINCOLN, NE 68501-2535
<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 Securtty 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 />Sea Attached Exhibit A
<br />The property is located in Hall at 1515 N GRAND ISLAND AVE
<br />(County)
<br />GRAND ISLAND _ _ _ _ _ _ _ _ ,Nebraska _ ... 68803_ _ _ _ _ _
<br />(Address) (City) (zIA Code)
<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 />3. MAXIMUM OBLIGATION LTMTT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 20 , 218 .00 .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 Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. S1;CURED 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(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, maturity dates, etc.)
<br />Promissory Note # 372159 dated 05/23/2009 in the amount of $20,218.00 maturing
<br />on 07/10/2014
<br />NEBRASKA - bEEb OF TRUST (NOT FOR FNMA, FHLMC, FWA OR VA USE)
<br />1994 Wolters Kluwer Financial Services -Bankers SystemsTM Form RE-OT•NE 12H 512006
<br />VMP®•C165(NE) ~oTOa~
<br />730/TN/HNH
<br />
<br />~` (page~~ 4)
<br />372159
<br />S~
<br />
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