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200400691
<br />Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is January 20, 2004. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />RONALD D HORST
<br />4904 Linden Drive Place
<br />Kearney, Nebraska 68847
<br />RITA M HORST
<br />husband and wife
<br />4904 Linden Drive Place
<br />Kearney, Nebraska 68847
<br />BERNARD E HORST
<br />1726 Lariat lane
<br />Grand Island, Nebraska 68803
<br />MARGENE L HORST
<br />husband and wife
<br />1726 Lariat Lane
<br />Grand Island, Nebraska 68803
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Corporation
<br />2223 Second Ave
<br />PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />BENEFICIARY (Lender):
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />1451 North Webb Road
<br />Grand Island, Nebraska 68803
<br />47- 0343902
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />See Exhibit "A" attached hereto
<br />The property is located in Hall County at , Grand Island, Nebraska .
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $75,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 267076 -100, dated January 20, 2004, from Ronald D Horst and
<br />Rita M Horst (Borrower) to Lender, with a maximum credit limit of $75,000.00. One or more of the debts
<br />secured by this Security Instrument contains a future advance provision.
<br />B. All Debts. All present and future debts from Ronald D Horst and Rita M Horst to Lender, even if this
<br />Security Instrument is not specifically referenced, or if the future debt is unrelated to or of a different type
<br />than this debt. If more than one person signs this Security Instrument, each agrees that it will secure debts
<br />incurred either individually or with others who may not sign this Security Instrument. Nothing in this
<br />Ronald D Horst
<br />Nebraska Deed Of Trust Initials
<br />NE/ 4XX28333000704400004160015011204Y ®1996 Bankers Systems, Inc., St. Cloud, MN E5 E- ," Page 1
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