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DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is February 15, 2002. The parties
<br />and their addresses are: O
<br />TRUSTOR (Grantor):
<br />JOSEPH L. PARRELLA III
<br />4123 Buckingham Drive
<br />Grand Island, Nebraska 68803
<br />JEANETTE M. PARRELLA
<br />4123 Buckingham Drive
<br />Grand Island, Nebraska 68803
<br />Husband and Wife
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Corporation
<br />2223 Second Ave
<br />PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />470343902
<br />BENEFICIARY (Lender):
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />2223 Second Ave.; PO Box 430
<br />Kearney, Nebraska 68648 -0430
<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 />Lot 4, Indianhead Subdivision to the City of Grand Island, Hall County, Nebraska
<br />The property is located in Hall County at 4123 Buckingham Drive, 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 />Lime will not exceed $84,000.00. 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, dated February 15, 2002, from Grantor to Lender, with a loan amount of
<br />$84,000.00 with an interest rate of 8.0 percent per year and maturing on December 15, 2004.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
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<br />DEED OF TRUST
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is February 15, 2002. The parties
<br />and their addresses are: O
<br />TRUSTOR (Grantor):
<br />JOSEPH L. PARRELLA III
<br />4123 Buckingham Drive
<br />Grand Island, Nebraska 68803
<br />JEANETTE M. PARRELLA
<br />4123 Buckingham Drive
<br />Grand Island, Nebraska 68803
<br />Husband and Wife
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Corporation
<br />2223 Second Ave
<br />PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />470343902
<br />BENEFICIARY (Lender):
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />2223 Second Ave.; PO Box 430
<br />Kearney, Nebraska 68648 -0430
<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 />Lot 4, Indianhead Subdivision to the City of Grand Island, Hall County, Nebraska
<br />The property is located in Hall County at 4123 Buckingham Drive, 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 />Lime will not exceed $84,000.00. 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, dated February 15, 2002, from Grantor to Lender, with a loan amount of
<br />$84,000.00 with an interest rate of 8.0 percent per year and maturing on December 15, 2004.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />77nn1. pmrena nl Initials
<br />Nebraska Deed Of Tw[ pe9c 11
<br />NE /4xx 14469500505900003440C 19021402Y -1996 BLnkerS Syetelns. Ina. St Cloud. ON Exr
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