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<br />State of Nebraska Space Above This Line For Recording
<br />Data
<br />REAL ESTATE DEED OF TRUST
<br />a
<br />l
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ......September
<br />..........
<br />28, 2004
<br />...............................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: Jim E. Shultz aka /James E. Shultz 505 -84 -1058
<br />(an unmarried person)
<br />588 E. 18th St.
<br />Grand Island, NE 68801
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: State Bank of Scotia 47- 0307080
<br />P. 0. Box 325
<br />Scotia, NE 68875
<br />BENEFICIARY: State Bank of Scotia
<br />P. 0. Box 325
<br />Scotia, NE 68875
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and
<br />to secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor
<br />irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the
<br />following described property:
<br />The West Thirty —Eight and Five — Tenths Feet (W38.5') of Lot Thirty —Five (35)
<br />and the East Thirty —Eight Feet (E38') of Lot Thirty —Four (34), Block Three (3),
<br />Blain Addition to the City of Grand Island, Hall County, Nebraska
<br />Theproperty is located in ..............Hall .................. .......... .... ............................... at ........................... ...............................
<br />(County)
<br />588 E. 18th St. Grand Island .............. Nebraska .....6880.1
<br />............................ ..............................I .
<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
<br />may 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
<br />shall not exceed $ .. 301000,.,0............................................... . 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 apply to
<br />advances made under the terms of this Security Instrument to protect Beneficiary's security and to perform any of
<br />the covenants contained in this 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(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Trustor's note in the amount of $19,450.00 dated 9- 28 -04, payable in 35 monthly payments
<br />of $250.00 on the 10th of each month beginning 10- 10 -04, and a final payment of all
<br />remaining principal and interest on 9- 10 -07; with interest thereon @ 9.0% per annum.
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLNIC, FHA OR VA USE) (page 1 of 4)
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<br />© 1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 10/27/97 Li
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