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<br />State or Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />® Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Decd of Trust (Security Instrument) is .................. 0 ?:01:2902..................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: PAUL E. SEARS AND JOYCE A. SEARS, HUSBAND AND WIFE
<br />429 RENEE ROAD
<br />DONIPHAN,NE 68832
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Tmstors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: BANK OF OONIPHAN
<br />P O BOX 270
<br />DONIPHAN,NE 88832.0270
<br />470490809
<br />BENEFICIARY: BANK OF OONIPHAN
<br />P O BOX 270
<br />DONIPHAN,NE 68832 -0270
<br />47- 0490809
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Tmstor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />Property: LOT FORTY -ONE 141), AMICK ACRES WEST SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />Theproperty is located in . ............................... NAIL. ............................... at .......,....... ...............................
<br />(County)
<br />.............................. ............................... .................... oPMMA.N..................... Nebraska ......... QQ802........
<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 may
<br />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 shall
<br />not exceed $ .10. 000,00 ............... ...........................Ibis limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the temps of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The temp "Secured Debt" is defined as follows:
<br />A. Debt incurred under the temps 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 />BANK OF DONIPHAN LOAN DATED MARCH 1, 2002 AND ALL RENEWALS, EXTENSIONS AND MODIFICATIONS
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE+ (page 1 of 41
<br />01994 Bankers Syetems, Inc., St Cloud, MN (1 -800- 397 -2341) Form RE -OT -NE 10/27/97
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