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TRUSTEE:
<br />BANK OF DONIPHAN
<br />a Nebraska Corporation
<br />PO BOX 270
<br />DONIPHAN, NE 68832
<br />201605 190
<br />BENEFICIARY (Lender):
<br />BANK OF DONIPHAN
<br />Organized and existing under the laws of Nebraska
<br />PO BOX 270
<br />DONIPHAN, NE 68832
<br />1. DEFINITIONS. For the purposes of this document, the following term has the following
<br />meaning.
<br />A. Loan. "Loan" refers to this transaction generally, including obligations and duties arising
<br />from the terms of all documents prepared or submitted for this transaction.
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is
<br />acknowledged, and to secure the Secured Debts and Grantor's performance under this Security
<br />Instrument, Grantor does hereby irrevocably grant, convey and sell to Trustee, in trust for the
<br />benefit of Lender, with power of sale, the following described property:
<br />See Exhibit A
<br />The property is located in Adams County at ., , Nebraska .
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights,
<br />all water and riparian rights, wells, ditches and water stock, crops, timber including timber to be
<br />cut now or at any time in the future, all diversion payments or third party payments made to
<br />crop producers and all existing and future improvements, structures, fixtures, and replacements
<br />that may now, or at any time in the future, be part of the real estate described (all referred to
<br />as Property). This Security Instrument will remain in effect until the Secured Debts and all
<br />underlying agreements have been terminated in writing by Lender.
<br />3. SECURED DEBTS. The term "Secured Debts" includes and this Security Instrument will
<br />secure each of the following:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings,
<br />modifications and replacements. A promissory note or other agreement, dated August 3,
<br />2016, from DAVID W SHAFER and MICHELLE A SHAFER (Borrower) to Lender, with a loan
<br />amount of $430,000.00 and maturing on January 15, 2018.
<br />B. All Debts. All present and future debts from DAVID W SHAFER and MICHELLE A
<br />SHAFER to Lender, even if this Security Instrument is not specifically referenced, or if the
<br />future debt is unrelated to or of a different type than this debt. If more than one person
<br />signs this Security Instrument, each agrees that it will secure debts incurred either
<br />individually or with others who may not sign this Security Instrument. Nothing in this
<br />Security Instrument constitutes a commitment to make additional or future loans or
<br />advances. Any such commitment must be in writing. This Security Instrument will not
<br />secure any debt for which a non- possessory, non- purchase money security interest is
<br />created in "household goods" in connection with a "consumer loan," as those terms are
<br />defined by federal law governing unfair and deceptive credit practices. This Security
<br />Instrument will not secure any debt for which a security interest is created in "margin stock"
<br />and Lender does not obtain a "statement of purpose," as defined and required by federal law
<br />governing securities. This Security Instrument will not secure any other debt if Lender, with
<br />respect to that other debt, fails to fulfill any necessary requirements or fails to conform to
<br />any limitations of the Truth in Lending Act (Regulation Z) or the Real Estate Settlement
<br />Procedures Act (Regulation X) that are required for loans secured by the Property.
<br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of
<br />this Security Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when
<br />due and in accordance with the terms of the Secured Debts and this Security Instrument.
<br />5. NON - OBLIGATED GRANTOR. Any Grantor, who is not also identified as a Borrower in the
<br />Secured Debts section of this Security Instrument and who signs this Security Instrument, is
<br />referred to herein as a Non - Obligated Grantor for purposes of subsection 7(d)(4) of 12 C.F.R.
<br />1002 (Regulation B) which implements the Equal Credit Opportunity Act (ECOA). By signing
<br />this Security Instrument, the Non - Obligated Grantor does convey and assign their rights and
<br />interests in the Property to secure payment of the Secured Debts, to create a valid lien, to pass
<br />DAVID W SHAFER
<br />Nebraska Deed Of Trust
<br />NE /4XHERMANN00000000009 9 6 601 6N Wolters Kluwer Financial Services © 1996, 2016 Bankers Page 2
<br />Systems°,
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