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<br />DEED OF TRUST
<br />(R'ith �ture Advance Clause)
<br />n Construc�ton Security Agreement
<br />� Master form recorded by -----------------
<br />-------------------------------------------------------------------------------------------------------------------
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is No_yember__22 ,__ 2011 __________________________
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />Jason C Olderbak and Gabriel M Olderbak, husband and w(fe
<br />TRUSTOR
<br />� ff checked, refer to the attached Addendum incorporated herein, for addirional Trustors, their signatures and
<br />acknowledgments.
<br />State of Nebraska
<br />TRUSTEE:
<br />Union Bank & Trust Company
<br />4243 Pioneer Woods Drive Lincoln NE 68506-
<br />BENEFICIARY:
<br />Union Bank and Trust Company
<br />4243 Pioneer Woods Drive Lincoln NE 68506-
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<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acl�owledged, and to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Secunty Instrument, Trustor urevocably
<br />grants, conveys and sells to Trustee, in trust for the beaefit of Beneficiary, with power of sale, the following described
<br />property:
<br />Lot 2, Back Home Subdivision, in the Village of Doniphan. Hall County, Nebraska and
<br />Lot 1. Back Home Second Subdivision, 9n the Village of Doniphan, Hall County.
<br />Nebraska
<br />The property is located in
<br />(Addresa)
<br />-------------------- H a 1-�----------
<br />(County)
<br />�------------------- D o n 1_p h a n------
<br />(CrtY)
<br />at 504_W_Pine__Street___________________.
<br />--- , Nebraska 68832 ----------
<br />(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 a11 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 (a11 referred to as "Property").
<br />3. MAXIlVIUIVI OBLIGATION LIlVIIT. The total principal a�nount secured by this Security Instrument at any one time shall
<br />not exceed $$200,000.00 , This limitation of amount does not include interest �d other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to adyances made uader
<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. (6Vlzen referencarag the debts below it is
<br />suggested that you include items such as borrowers' names, note arraounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated November 22, 2011 In the amount of $200�000.00 with a Balloon payment
<br />due December 1, 2016 for borrowers Jason C Olderback and Gabriel M Olderbak.
<br />NEBRASKA - DEED OF TRU3T (t�or wR�Mn FHLMC, FHA ORVA US� (pe9�
<br />�M Oc 1994 Bankere Syatems, Uc., St. Claud, MN Form RE-DT-NE 1/30/2002 Note Dated November 22 , 2011
<br />��C765(NE)(o3ot) VMPMORTGAGEFORMS-(800)521-7281 LoanNumber�ooc 8
<br />S165NE EN (01/10)
<br />
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