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200302604
<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 March 3, 2003. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />WILLIAM A RAUERT
<br />Spouse of Audrey A Rauert
<br />As a Joint Tenant with the Right of Survivorship
<br />4450 Engleman RD
<br />Grand Island, Nebraska 68803
<br />AUDREY A RAUERT
<br />Spouse of William A Rauert
<br />As a Joint Tenant with the Right of Survivorship
<br />4450 Engleman RD
<br />Grand Island, Nebraska 68803
<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 Northeast Quarter (NE1/4) and the East Half (E1/2) of the Northwest Quarter Mill of Section Twenty
<br />Two (22), in Township Twleve (12) North, Range Ten (10), West of the 6th P.M., Hall County, Nebraska
<br />EXCEPTING a tract of land more particuarly described in Warranty Deed recorded as Document No. 95- 102062.
<br />The property is located in County at 4450 Engleman RD, Grand Island, Nebraska 68803.
<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 $115,000.00. 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. 221601 -101, dated March 3, 2003, from Grantor to Lender, with a
<br />loan amount of $115,000.00.
<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 />subsequent security interest in the Grantor's principal dwelling that is created by this Security Instrument.
<br />This Security Instrument will not secure any debt for which a nor)- possessory, non - purchase money security
<br />interest is created in "household goods" in connection with a "consumer loan," as those terms are defined by
<br />William A Rai
<br />Nebraska Deed Of Trust learlis
<br />NE/ 4X X38333000600000003770014030303Y ®1996 Bankers Sll"re', Inc., Bt. Claud, MN Farri�rT[" Page 1
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