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<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause) c7.
<br />❑ Construction Security Agreement
<br />❑ Master form recorded by .......................•.....
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .................. 03. 31,-2004, ........ . . , , , , , ,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: JZM INC, A NEBRASKA CORPORATION
<br />3580 N WEBB RD
<br />GRAND ISLAND, NE 68803
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: BANK OF DONIPHAN
<br />518 N EDDY
<br />GRAND ISLAND, NE 68801
<br />47- 0490809
<br />BENEFICIARY: BANK OF DONIPHAN
<br />Organized and existing under the laws of the state of Nebraska
<br />118 W PLUM
<br />DONIPHAN, NE 68832
<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 (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property: LOT EIGHT (8), IN BLOCK TWENTY -NINE (29), IN PACKER AND BARR'S SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />Hall
<br />The property is located in ..................................... ............................... at 21,1 NORTH GRACE AVENUE..,,.,,,,,,,,,,,....
<br />(County)
<br />.............................. ..............................I .................. GRANO,ISLANO................... Nebraska ........ 68801.........
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the future, be part of the real estate described above (all referred to as "Property ").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 100,000 00 . . . . . . . . . . . . . . .......... . ................ This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. 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 evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You, must specifically identify the
<br />debt(s) secured and you should include the final maturity date of such debt(s).)
<br />A 5 YEAR TERM NOTE WITH BALLOON AT 6% WITH A MATURITY DATE OF 311012009 AND ANY EXTENSIONS, MODIFICATIONS, AND EXTENSIONS
<br />THEREOF.
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST INOT FOR FNMA, FHLMC, FHA OR VA USE) 1 (page 1 of 4)
<br />Ej(/ZM © 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/31/2003 L
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