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3554 W. WILDWOOD DRIVE
<br />GRAND ISLAND NE 68803
<br />508-52-1485,507-56-0181
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: BANK OF DONIPHAN
<br />P 0 BOX 270
<br />DONIPHAN, NE 68832.0270
<br />47. 0490809
<br />BENEFICIARY: BANK OF DONIPHAN
<br />P 0 BOX 270
<br />DONIPHAN, NE 68832.0270
<br />47- 0490809
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, 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 />PARCEL 1: THE WEST HALF OF THE SOUTHEAST QUARTER (W112SE114) AND THE WEST HALF OF THE NORTHEAST QUARTER (W112NE114) IN SECTION ONE (1),
<br />TOWNSHIP TEN (10) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA EXCEPTING THEREFROM TRACTS OF LAND MORE
<br />PARTICULARLY DESCRIBED IN RETURN OF APPRAISERS RECORDED IN BOOK 9, PAGE 67, RETURN OF APPRAISERS RECORDED IN BOOK 28, PAGE 391 AND
<br />WARRANTY DEED RECORDED AS DOCUMENT NO. 99-102831.
<br />PARCEL 2: THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER (NW114NE114) OF SECTION TWELVE (12), TOWNSHIP TEN (10) NORTH, RANGE TEN 0 0) WEST OF T
<br />The property is located in ...... ...........................HALL .. . , ..... , .......... , .... , , .... , at ..........3554 W W14DWOOD,DRIVE.
<br />(County)
<br />.......................... ............................... . GRAND ISLAND .............................. , Nebraska .............68803...
<br />(Address) (City)
<br />(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 />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 $ 400,000;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 />LARRY J. KNUTH AND KAREN L. KNUTH
<br />PROMISSORY NOTE DATED MAY 10, 2001 IN THE AMOUNT OF FOUR HUNDRED THOUSAND AND N01100 - -- (5400,000.00) DUE AND PAYABLE ON
<br />FEBRUARY 1, 2008.
<br />NEBRASKA - AGRICULTURAL /COMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) page 1 of 6
<br />©1993 Bankers Svstems. Inc.. St. Cloud_ MN 11_an0.ac7. ?aa1V c....., A—n — — ---
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<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />1.
<br />DATE AND PARTIES. The date of this Deed of Trust is .................. 05:10;2001, , , ...
<br />, .... ,
<br />..... , , and the parties and
<br />their
<br />addresses are as follows:
<br />C,
<br />TRUSTOR: LARRY J. KNUTH AKA LARRY KNUTH AND KAREN L. KNUTH
<br />AKA
<br />KAREN KNUTH,
<br />HUSBAND AND WIFE
<br />3554 W. WILDWOOD DRIVE
<br />GRAND ISLAND NE 68803
<br />508-52-1485,507-56-0181
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: BANK OF DONIPHAN
<br />P 0 BOX 270
<br />DONIPHAN, NE 68832.0270
<br />47. 0490809
<br />BENEFICIARY: BANK OF DONIPHAN
<br />P 0 BOX 270
<br />DONIPHAN, NE 68832.0270
<br />47- 0490809
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, 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 />PARCEL 1: THE WEST HALF OF THE SOUTHEAST QUARTER (W112SE114) AND THE WEST HALF OF THE NORTHEAST QUARTER (W112NE114) IN SECTION ONE (1),
<br />TOWNSHIP TEN (10) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA EXCEPTING THEREFROM TRACTS OF LAND MORE
<br />PARTICULARLY DESCRIBED IN RETURN OF APPRAISERS RECORDED IN BOOK 9, PAGE 67, RETURN OF APPRAISERS RECORDED IN BOOK 28, PAGE 391 AND
<br />WARRANTY DEED RECORDED AS DOCUMENT NO. 99-102831.
<br />PARCEL 2: THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER (NW114NE114) OF SECTION TWELVE (12), TOWNSHIP TEN (10) NORTH, RANGE TEN 0 0) WEST OF T
<br />The property is located in ...... ...........................HALL .. . , ..... , .......... , .... , , .... , at ..........3554 W W14DWOOD,DRIVE.
<br />(County)
<br />.......................... ............................... . GRAND ISLAND .............................. , Nebraska .............68803...
<br />(Address) (City)
<br />(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 />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 $ 400,000;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 />LARRY J. KNUTH AND KAREN L. KNUTH
<br />PROMISSORY NOTE DATED MAY 10, 2001 IN THE AMOUNT OF FOUR HUNDRED THOUSAND AND N01100 - -- (5400,000.00) DUE AND PAYABLE ON
<br />FEBRUARY 1, 2008.
<br />NEBRASKA - AGRICULTURAL /COMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) page 1 of 6
<br />©1993 Bankers Svstems. Inc.. St. Cloud_ MN 11_an0.ac7. ?aa1V c....., A—n — — ---
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