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<br />-- State of Nebraska
<br />Space Above This Line For Recording Data
<br />DEED OF TRUST ,~~'. ~v
<br />(With Future Advance Clause)
<br />~] Construction Security Agreement
<br />Q Master form recorded by
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is June _ 10,___2p09________
<br />and the parties, their addresses and tax identification numbers, if required, 'are as follows:
<br />TRUSTOR: RR 8 C, LLC
<br />6687 North Engleman Rd
<br />Grand Island, NE 68803
<br />® If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Union Bank and Trust Company
<br />4243 Pioneer Woods Drive Lincoln NE 68506-
<br />BENEFICIARY:
<br />Union Bank and Trust Company
<br />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 Security 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 />Lot Tveenty Hight (28), in Belmont, an Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />The property is located in __ _____ Hall__________ _ __ _ __ ___ _ _ ______ at 303__N,__ Care Ay®nue
<br />--------------- - - - - - - - -----y---- - - - -
<br />- - - - ---------------
<br />(County)
<br />-------------------------------------------------------------------- ~ ---------------Grand_Island----------------- ~ Nebraska--------- 68803
<br />- - - -------------
<br />(Address) (City) (ZIP 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 LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ X22,000.00 .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. 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), guaranty(s) 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 />A Promissory Note dated March 27, 2009 in the amount of $22,000.00 with a Balloon Note due on
<br />April 1, 2014 for borrowers Timothy M Rust and Nadine L Rust.
<br />NEBRASKA -DEED OF TRU5T (NOT FOR FNMA, FHLMC, FHA OR VA USE) ~~,~(page 1 of 4)
<br />~~'" cO 1994 Bankers Systems, Inc., 5t. Cloud, MN Form RE-DT-NE 1I30I2002 Note Dated .~UnE• 10, zoo9 /~~®-/fir-
<br />®®C1651NE)(oaoi) VMPMGRTGAGEFORMS-(BOU)521-7291 Loan Number 09-03-000134 rr`+~'~-~
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