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<br />200107997 C10 -°
<br />State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With'Future Advance Clause)
<br />120 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .................. ................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: KIRK D. SCHROEDER and AMBER L. SCHROEDER, Husband and Wife
<br />2609 W CHARLES STREET
<br />GRAND ISLAND, NE 68803.5702
<br />5b8.06.5486, 508.15.0956
<br />0 If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Heritage Bank
<br />1333 N. Webb Road
<br />Grand Island, NE 68802 -5138
<br />47. 0098350
<br />BENEFICIARY: Heritage Bank
<br />110 East 9th Street
<br />P.O. Box 487
<br />Wood River, NE 68883
<br />" 47. 0098350
<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: PARCEL 1: LOT ONE (1), JAMIESON HOUSE SUBDIVISION, HALL COUNTY, NEBRASKA
<br />PARCEL 2: ALL OF FRACTIONAL LOT THREE (3), AND ALL THAT PART OF FRACTIONAL LOT TWENTY THREE (23), WHICH LIES
<br />WESTERLY OF THE PROLONGED EASTERLY BOUNDARY LINE OF SAID FRACTIONAL LOT THREE (3), ALL BEING IN FRACTIONAL
<br />BLOCK EIGHTEEN (18), IN ASHTON PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />P
<br />The property is located in . ............................... HALL .............................. at 4�3$. PI. ATT $.f�I.U�R.R.Qf;Q..... &........
<br />(County)
<br />2609 W. Charles Street, Grand Island,
<br />.......................... ............................... ................... ............................... . Nebraska ........6$$3z.......
<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 $ 42. PQQ•. QQ ........ ............................... . 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 />HERITAGE BANK PROMISSORY NOTE IN THE NAMES OF KIRK D. SCHROEDER AND AMBER L. SCHROEDER TO MATURE APRIL
<br />15, 2002
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) /page 1 of 41
<br />©1994 Bankers Systems, Inc., St. Cloud, MN (1 -800- 397 -2341) Form RE -DT -NE 10127/97 -
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