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<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust is .................. 04.0.2001, , . , , , , , , , , , , , , , . , , and the parties and their
<br />addresses are as follows:
<br />TRUSTOR: WILLIAM B. WESTERING AND JAYNE M. WESTERING, HUSBAND AND WIFE
<br />P.O. BOX 1902
<br />GRAND ISLAND, NE 68802
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: JOHN A. WOLF, ATTORNEY AT LAW
<br />WELLS FARGO BUILDING, SUITE 201, PO BOX 460
<br />GRAND ISLAND, NE 68802.0460
<br />BENEFICIARY: PLATTE VALLEY BANK
<br />606 MAIN STREET
<br />PO BOX 500
<br />NORTH BEND, NE 68649.0500
<br />47. 0271640
<br />�. i VEYANCE• For good and vaivable consideration, the receipt and sitifllciency" of which is ackh
<br />IN owledged, and to
<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 following described property:
<br />NORTHEAST QUARTER (NE 114) SECTION THIRTY -ONE (31) AND ALL OF SECTION THIRTY (30) TOWNSHIP NINE (9) NORTH, RANGE ELEVEN (11) WEST OF THE
<br />6TH P.M., HALL COUNTY, NEBRASKA. _
<br />Theproperty is located in .. ............................... HALL.. ............................... at ............. ...............................
<br />(County)
<br />.......................... ............................... . GRAND ISLAND .............................. , Nebraska ............. ORR.............
<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. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at any one time shall not exceed $ 1,000,000 ;00 . . . . . . . . . . . . . . . . . . .......... ........ This limitation of amount does
<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 />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 />A PROMISSORY NOTE IN THE NAME OF WILLIAM B. WESTERING DATED APRIL 30, 2001 IN THE AMOUNT OF $1,000,000.00 AT 7.50% MATURING ON
<br />APRIL 30, 2003.
<br />NEBRASKA - AGRICULTURAL/COMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) page 1 of 6
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