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<br />State of Nebraska Space Above This Line For RecordingData
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Secin•ity Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is; ......... 06 ©52Q0 .............. and the parties and their
<br />addresses are as follows:
<br />TRUSTOR: Kenneth A. Lancaster and Karen J. Lancaster, Husband and Wife
<br />417 Shady Bond Road
<br />Grand Island, NE 68801
<br />❑ ,Refer to the Addendum which is attached and incorporated herein for additional Trustors.'
<br />TRUSTEE:" Heritage Bank
<br />1333 N. Webb Road P.O. Box 5138
<br />Grand island, NE 68802.5138
<br />47. 0098350
<br />BENEFICIARY: Heritage Bank
<br />Organized and existing under the laws of the state of Nebraska -
<br />1333 North Webb Road
<br />P.O. Box 5138 Grand Island, NE 68802 "
<br />47. 0098350
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
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<br />secure the Secured Debt (hereafter defined ),, Trustor irrevocably grants, conveys and sells to Trustee, in trust for the
<br />benefit of the Beneficiary, with power of sale, the follow described property:
<br />Lot One (1), Fairacres Dairy Fourth Subdivision, Hall County, NIraska
<br />The property is located in' ........: ......... Hall ... ......... ......... at ........ 417 Shady Bend Road.,,, .....
<br />(County)
<br />....... ....... Grand ......... ............ Nebraska ......... 68801............
<br />(Address) .. - .:(City) : , ;..,.. (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, 'timber; all
<br />diversion payments or third party payments made to crop producers, and all existing and future improvements, structures,
<br />fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all
<br />referred to as "Property "). The term Property also includes, but is not limited to, any and all water wells, water, ditches,
<br />reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property,
<br />however established.
<br />3. MAMMUM OBLIGATION ZEMr. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at any one time shall not exceed $ 5Q,Q.QQ:RO...................................... . This limitation of amount does
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<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly
<br />made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances) made under the
<br />'
<br />terms of this Deed of Trust to protect Beneficiary security and to perform any of the covenants contained in this Deed of
<br />Trust. Future advances are contemplated and,. along with other future obligations, are secured by this Deed of Trust even
<br />though all or part may not yet be advanced. Nothing in this Deed of Trust, however, shall constitute a commitment to
<br />make additional or future loans or advances in any amount. Any such commitment would need to be agreed to in a separate
<br />writing.
<br />4. ,SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory note(s), ,contract(s), guaranty(s) or other evidence of debt described below and all extensions,
<br />renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it is suggested that
<br />you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />$20,000 note dated 615102
<br />NEBRASKA • AGRICULTURALI COMMERCIAL DEED OF TRUST (NNT)FOOR FN(pp, F�T Fj O IFE: AND NOT FOR CONSUMER PURPOSES) Page r of 6
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<br />Ej(�, 0 1993 Bankers Systems, Inc., St. Cloud, MN Form AG,uu -m -m 3M121
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