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2Q120�65�
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is
<br />acknowledged, and to secure the Secured Debt �hereafter defined►, Trustor irrevocably grants, conveys
<br />and sells to Trustee, in trust for the benefit of the Beneficiary, with power of sale, the following
<br />described property:
<br />LOT S1X (6►, IN COUNTY SUBDIVISION OF PART OF SOUTH HdLF (S 112� OF SECTION FIVE (5►, TOWNSHIP NINE (9) NORTH, RANGE NINE
<br />�9�, WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA
<br />The property is located in Ha�� at N 1ST STREET
<br />(county)
<br />, DONIPHAN
<br />(Address)
<br />, Nebraska 68832
<br />(Zip Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops,
<br />timber, all diversion payments or third party payments made to crop producers, and all existing and
<br />future improvements, structures, fixtures, and replacements that may now, or at any time in the future,
<br />be part of the real estate described above (all referred to as "Property"►. The term Property also
<br />includes, but is not limited to, any and all water wells, water, ditches, reservoirs, reservoir sites and
<br />dams located on the real estate and all riparian and water rights associated with the Property, however
<br />established.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt {hereafter defined►
<br />secured by this Deed of Trust at any one time shall not exceed S 46,000.00
<br />This limitation of amount does not include interest, loan charges, commitment fees, brokerage
<br />commissions, attorneys' fees and other charges validly made pursuant to this Qeed of Trust and does
<br />not apply to advances (or interest accrued on such advances) made under the terms of this Deed of
<br />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
<br />Deed of Trust even though all or part may not yet be advanced. Nothing in this 13eed of Trust; however,
<br />shall constitute a commitment to make additional or future loans or advances in any. amount. Any such
<br />commitment would need to be agreed to in a separate writing.
<br />4. SECURED DEBT DEFINED. The term "Secured Debt" includes, bu't is not limited to, the following:
<br />A. The promissory note(s►, contractts►, guaranty�ies) or other evidence of debt described below and
<br />all extensions. renewals, modifications or substitutions (Evidence of Debt►. �INhen refe�encing the
<br />debts be%w it is suggested that you include items such as bo��owe�s' names, note amounts,
<br />interest �ates, matu�ity dates, etc.l
<br />BANK OF DONIPHAN PROMISSORY NOTE DATED 9•10•2012
<br />B
<br />C.
<br />All future advances from Beneficiary to 7'rustor or other future o6ligatiohs of Trustor to
<br />Beneficiary under any promissory note, contract, guaranty, or other evidence of debt existing now
<br />or executed after this Deed of Trust whether or not this Deed of Trust is specifically referred to in
<br />the evidence of debt.
<br />All obligations Trustor owes to Beneficiary, which now exist or may later arise, to the extent not
<br />prohibited by law, including, but not limited to, liabilities for overdrafts relating to any deposit
<br />account agreement between Trustor and Beneficiary.
<br />Security Irmtrument-Commercial/Agricultural-NE AGCO-RESI-NE 7/2/2011
<br />VMPB Bankere SystemsTN VMP-0595(NE) (11071.00
<br />WoF[ars Kluwer Rnancial Services OO 1993, 2011 Page 2 of 11
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