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M = D \t <br />N <br />s <br />rT1 <br />° r�-r <br />rt7 CA r ',, <br />p <br />_, <br />R1 <br />N fD <br />t7 <br />m^ <br />C:) <br />M b t11 <br />C/) <br />Crl <br />O <br />• (') <br />.. <br />m `= <br />� <br />D Uj <br />CZ <br />M <br />C) <br />r <br />r A <br />CD <br />rn <br />GJ <br />03 <br />CD <br />Q <br />—,3 <br />Cp <br />O <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) <br />n <br />© 1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 10/27/97 Li <br />