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200301312
<br />Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is February 03, 2003. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />ROY D STOLTENBERG
<br />4656 90th Rd
<br />Cairo, Nebraska 68824
<br />MARY P. STOLTENBERG
<br />husband and wife
<br />4656 90th Rd
<br />Cairo, Nebraska 68824
<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 />A strip of land Two (2) Rods Wide and Eighty (80) Rods Long across the East side of the South Half (S1/2) of
<br />the Southwest Quarter (SW 1 /4); AND,
<br />The South Half (S1 /2) of the Southeast Quarter (SE1 /4), except all that portion of a triangular piece of ground
<br />in the Northeast corner and lying North of the Right of Way of Grand Island and Wyoming Central Railroad
<br />Company, all in Section Twenty -Five (25), Township Twelve 112) North, Range Eleven 111), West of the 6th
<br />P.M., in Hall County, Nebraska, subject to the Right of Way of Grand Island and Wyoming Railroad Company
<br />over and across said land.
<br />The property is located in Hall County at , Cairo, Nebraska 68824.
<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 $150,000.00. 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. 249829 -100, dated February 3, 2003, from Grantor to Lender, with
<br />a loan amount of 5105,000.00.
<br />B. All Debts. All present and future debts from Grantor to Lender, 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 more than
<br />one person signs this Security Instrument, each agrees that it will secure debts incurred either individually or
<br />with others who may not sign this Security Instrument. Nothing in this Security Instrument constitutes a
<br />commitment to make additional or future loans or advances. Any such commitment must be in writing. In
<br />the event that Lender fails to provide any required notice of the right of rescission, Lender waives any
<br />Initial.
<br />®1996 Bankers Systems, Inc., St. Cloud, MIN Pape 1
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