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<br /> State of Nebraska Space A bove This Line For Recording Datg
<br />DEED OF TRUST ~ o
<br />(With Future Advance Clause)
<br />© Construction Security Agreement
<br />© Master form recorded by .............................
<br />1. DATE AND PARTIES. The date .cif this peed. of Trust (Security Instrument) is ................ . 041.2010, , , , , , , , , , , , , , , , , ,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />Mark T. Mack and Linda L. Mack, Husband & Wife
<br />108 Arapahoe Ave
<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: Archer Cooperative Credit Union
<br />2121 Archer Road
<br />Archer, NE 68816
<br />BENEFICIARY: Archer Cooperative Credit Union
<br />Organized and existing under the laws of the state of Nebraska
<br />2121 Archer Road
<br />Archer, NE 68816 - _
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, aad to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, I'rustor irrevocably
<br />grants, conveys and sells to Trustee, is trust for the benefit of Beneficiary, with power of sale, the following described
<br />property: Lot One (1-, Block One (11, Dale Roush Subdivision, City of Grand Island, Hall County, Nebraska
<br />The property is located in ................................H~II................................ at ......rapahoe.................................
<br />(County)
<br />........................................................... . .................... sl.................. , ebraska ......................
<br />&r;3nd lslan N
<br />(Address) (City) (ZIP Code)
<br />Together with.. all rights, easements, appurtenances, royalties, mineral rights, Oil and gas rights, all water and riparian
<br />_ .._. _
<br />- -
<br />ttires; and replacements that may
<br />rights, ditches, and water stock and all existing and future improvements, structures, fix
<br />now, or at any time is the future, be part of the real estate described above (all referred to as "Property").
<br />3. MAXIMUM OBLIGATION LIMTT. The total principal amount secured by this Security lnstrument at any one time shall
<br />not exceed $ ~$ 05.E 5.$ ........ . . ......................... . . . . . . .This limitation of amount does not include interest and other fees
<br />aad 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 lnstrument.
<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 ar 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 dated 411212010 showing Mark T. & Linda L. Mack as borrowers in the amount of 538,053.59. Note maturity date of 411512013
<br />~v
<br />NEBRASKA -DEEP OF TRU5T (NOT FOR FNMA, FHLMC, FHA OR VA USE) ///~~~'/I~ ~p8ge 7 tlf 4J
<br />"' ®1994 Bankers Systems, Inc„ St. Cloud, MN Form RE-pT•NE 1!30!2002 ~~ _~
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