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200005005
<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 ....... June„ 21,, „2000 and the parties and their
<br />TRUSTOR: TI1d7r1iY DENMAN WENDY DENMAN
<br />HUSBAND WIFE
<br />7773 WEST AIDA ROAD 7773 WEST AIDA ROAD
<br />AIDA, NE 68810 AIDA, NE 68810
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: THE RAVENNA BANK
<br />A NEBRASKA CORPORATION
<br />P.O. BOX 40
<br />RAVENNA, NE 68869
<br />BENEFICIARY: THE RAVENNA. BANK
<br />Organized and existing under the laws of the state of Nebraska
<br />423 GRAND AVE. PO BOX 40
<br />RAVENNA., NE 68869
<br />Taxpayer I.D. #: 47- 0277600
<br />2. yae 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 roperty: THE NORTH HALF OF THE
<br />NORTHWEST QUUZT'ERSTNO /THE 4) OF SECTION THIRTY (p30) , TON NSHIP TEN (10) NORTH,
<br />RANGE TE4�610) WE 6TH P.M., HALL COUNTY, NE _ EXCEPT THAT TRACT
<br />PACE�E551 AND EXCEPTING, FHEREFR�MSTRALTS OF ill KMJRE PARTICULARLY DESCRIBID IN hm
<br />RECORDED AS DOC:14Wr NO. 92- 107345 AND RETLW OF APPRAISERS RECORDED AS DOCUMENT
<br />NO. 92- 109950
<br />Theproperty is located in ..AAT ............................. ............................... at ............. ...............................
<br />(County)
<br />7773 WEST AIDA ROAD , ....... am .. ............................... Nebraska ..... 68810..................
<br />.......................... ...............................
<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 LEffr. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at any one time shall not exceed $ 376 000.00 ,,,, , limitation of amount does
<br />... ... ... .
<br />not ineludde interest, loan charges, commitment fees,..brokemge 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 />PROMISSORY NOTE FROM DENMAN FARMS PARTNERSHIP TO THE RAVENNA, BANK DATED JUNE
<br />21, 2000 IN THE AMOUNT OF $376,000
<br />NEBRASKA - AGRICULTURAL /COMMERCIAL DEED OF TRUST (NOT FOR FNMA, FFRMC, FHA OR VA USE AND NOT FOR CONSUMER PURPOSES) page 1 of B
<br />S
<br />*r
<br />0 1993 Bankers Syeteme, Inc., St. Cloud, MN (1- !00-397.2341) Form AGIC"T -NE 4 4/�O/97` -� + `.
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