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<br />Space Above This Line For Recording Data
<br />DEED OF TRUST
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<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is April 26, 2002. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />B & D ENTERPRISES, INC.
<br />a Nebraska Corporation
<br />2912 South Locust Street
<br />Grand Island, Nebraska 66801
<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 68848 -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 fallowing
<br />described property:
<br />Lot Five 151 and the Southerly One Hundeed Twenty -six (126) feet of the Easterly Two Hundred Sixty (260 feet
<br />of lot Six 161, in woodland First Subdivision, an Addition to the City of Grand Island, Hall County, Nebraska,
<br />Excepting a tract of land more particularly described in Deed recorded as Document No. 200010612.
<br />The property is located in Hall County at 2912 South Locust Street, Grand Island, Nebraska 68801.
<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 par[ of the
<br />real estate described (all referred to as Property). This Security Instrument wit! 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 $249,152.50. 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 fallowing Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, dated April 26, 2002, from Grantor to Lender, with a loan amount of
<br />$249,152.50 with an interest rate of 8.5 percent per year and maturing on April 26,. 2007,
<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
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