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200301634
<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 7, 2003. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />LUCILLE DELANEY
<br />As Trustee
<br />Of the LUCILLE DELANEY TRUST
<br />Dated July 2, 1991, A Nebraska Trust
<br />As a Joint Tenant with the Right of Survivorship
<br />In an Undivided 100 Percent Interest
<br />202 Lakeside Or
<br />Grand Island, Nebraska 68801
<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 />The South fifaf of the Northeast Quarter ISII2NE1141 of Section Twenty -five 1251, Township Nine 191 North,
<br />Range Ten 110) West of the 6th P.M., Hall County, Nebraska EXCEPT that portion conveyed in the Warranty
<br />Deed recorded in Book 77, Page 459 and EXCEPT that portion condemned by the Return of Appraisers recorded
<br />in Miscellaneous Book 17, Page 477, all in the office of the Register of Deeds of Hall County, Nebraska
<br />The property is located in Hall County at , , Nebraska 68801 -8536.
<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 Propertyl. 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 $50,000.00. 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 fallowing debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 250261 -100, dated February 7, 2003, from Lucille M. Delaney and
<br />Lucille Delaney Trust (Borrower) to Lender, with a loan amount of $50,000.00.
<br />B. All Debts. All present and future debts from Lucille M. Delaney and Lucille Delaney Trust to Lender, even
<br />if this Security Instrument is not specifically referenced, or if the future debt is unrelated to or of a different
<br />type than this debt. If more than one person signs this Security Instrument, each agrees that it will secure
<br />debts incurred either individually or with others who may not sign this Security Instrument. Nothing in this
<br />Security Instrument constitutes a commitment to make additional or future loans or advances, Any such
<br />commitment must be in writing. In the event that Lender fails to provide any required notice of the right of
<br />rescission, Lender waives any subsequent security interest in the Grantor's principal dwelling that is created
<br />by this Security Instrument. This Security Instrument will not secure any debt for which a non - possessory,
<br />non - purchase money security interest is created in "household goods" in connection with a "consumer loan,"
<br />as those terms are defined by federal law governing unfair and deceptive credit practices. This Security
<br />Trust Initials _
<br />600000003770016020603Y 01996 Bankers Systems, Inc., St, Cloud, MN Ey P., 1
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