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202603340 <br />Beneficiary <br />MNB Bank <br />Organized and existing under the laws of Nebraska <br />220 Norris Avenue <br />PO Box 1208 <br />McCook, NE 69001-1208 <br />1. Conveyance. For good and valuable consideration, the receipt and sufficiency of which is <br />acknowledged, and to secure the Secured Debt (defined below) and Trustor's performance under this <br />Security Instrument, Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of <br />Beneficiary, with power of sale, the following described property: <br />Lot Thirty (30), Prairie Valley 2nd Subdivision, Hall County, Nebraska, according to the recorded plat <br />thereof. <br />The property is located in Hall County at 11754 Canyon Lane, Doniphan, Nebraska 68832. <br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, <br />all water and riparian rights, ditches, and water stock and all existing and future improvements, <br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real <br />estate described above (all referred to as "Property"). <br />2. Maximum Obligation Limit. The total principal amount secured by this Security Instrument at <br />any one time shall not exceed $1,000,000.00. This limitation of amount does not include interest and <br />other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not <br />apply to advances made under the terms of this Security Instrument to protect Beneficiary's security <br />and to perform any of the covenants contained in this Security Instrument. <br />3. Secured Debt. The term "Secured Debt" is defined as follows: <br />(A) Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) or other <br />evidence of debt described below and all their extensions, renewals, refinancings, modifications or <br />substitutions. <br />The promissory note signed by Dale E Schendt and Colleen M Schendt (the "Borrower") and <br />dated the same date as this Security Instrument (the "Note "). The Note states that Borrower owes <br />Lender One million and 00/100 Dollars (U.S. $1,000,000.00) plus interest. Borrower has promised <br />to pay this debt in regular periodic payments and to pay the debt in full not later than April 22, <br />2027. <br />(B) All future advances from Beneficiary to Trustor under the Secured Debts executed by Trustor in <br />favor of Beneficiary after this Security Instrument. If more than one person signs this Security <br />Instrument, each agrees that this Security Instrument will secure all future advances that are given <br />to Trustor either individually or with others who may not sign this Security Instrument. All future <br />advances are secured by this Security Instrument even though all or part may not yet be advanced. <br />All future advances are secured as if made on the date of this Security Instrument. Nothing in this <br />Security Instrument shall constitute a commitment to make additional or future advances in any <br />amount. Any such commitment must be agreed to in a separate writing. <br />(C) All present and future debts from Beneficiary to Trustor, even if this Security Instrument is not <br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If <br />Deed Of Trust Closed End -NE <br />® 2025 Wolters Kluwer Financial Services. Inc. <br />AN rights reserved. <br />12/2025 <br />26.1.0.8422-J20260309N Page 2 of 10 <br />