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20190118g
<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 />A tract of land located in the the West Half of the Northeast Quarter (W1I2NE114► of Section Twenty -Eight (281, Township Nine (9) North, Range
<br />Nine (9) West of the 6th P.M., Hall County, Nebraska more particularly described as follows: Commencing at the Northwest corner of the Northeast
<br />Quarter of said Section 28; thence N89°59'28"E (assumed bearing) on the North line of said Northeast Quarter, a distance of 968.77 feet to the
<br />POINT OF BEGINNING; thence S00°00'31 "E, a distance of 316.00 feet; thence S05°52'07"E, a distance of 182.55 feet; thence S19°40'54"E, a
<br />distance of 192.25 feet; thence S8816'30"E a distance of 345.43; thence N00° 17'45"E, a distance of 326.53 feet; thence N30°46'29"E, a
<br />distance of 56.95 feet; thence N06°34'33"E, a distance of 214.91 feet; thence N79°45'44"E, a distance of 85.14 feet; thence N00°00'32"W, a
<br />distance of 83.00 feet; thence S89°59'28"W on the North line of said Northeast Quarter, a distance of 568.00 feet to the Point of True Beginning,
<br />subject to county road right of way, now known as B&A Harrenstein Subdivision.
<br />The property is located in Hall at 187 West Rainforth Road
<br />(County)
<br />, Doniphan , Nebraska 68832
<br />(Address) (City) (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 $ 400,000.00
<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 Deed 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 Deed 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, but is not limited to, the following:
<br />A. The promissory note(s), contract(s), guaranty(ies) or other evidence of debt described below and
<br />all extensions, renewals, modifications or substitutions (Evidence of Debt). (When referencing the
<br />debts below it is suggested that you include items such as borrowers' names, note amounts,
<br />interest rates, maturity dates, etc.)
<br />Note dated January 24, 2019 in the original principal amount of $ 150,000.00
<br />B. All future advances from Beneficiary to Trustor or other future obligations 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 />Agricultural/Commercial Real Estate Security Instrument -NE
<br />Bankers Systems TM VMP®
<br />Wolters Kluwer Financial Services © 1993, 2011
<br />VMPC595(NE) 11701/00
<br />AGCO-REST-NE 1/1/2017
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