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<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />and the parties and their
<br />1. DATE AND PARTIES. The date of this Deed of Trust is .................. 08.04. 2002..,,.,..,.,,,,,,,
<br />addresses are as follows:
<br />TRUSTOR: J. H. OLIVER ESTATE, A SINGLE PERSON
<br />PO BOX 2222
<br />GRAND ISLAND, NE 68802
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: THE RAVENNA BANK
<br />423 GRAND AVE, P.O. BOX 40
<br />RAVENNA, NE 68869
<br />47- 0277600
<br />BENEFICIARY: THE RAVENNA BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />P.O. BOX 40'
<br />423 GRAND AVE. RAVENNA, NE 68869
<br />47.0277600
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the
<br />benefit of the Beneficiarryy with power of sale, the following described property:
<br />THE NORTHWEST QUARTER INYf114) OF SECTION TWENTY -SEVEN (27), TdWNTHIP TEN (f 01 NORTH,RANGE TWELVE (121 WEST OF THE 6TH P.M., HALL COUNTY,.
<br />NEBRASKA, EXCEPT THAT PART THEREOF MORE PARTICULARLY DESCRIBED IN WARRANTY DEED RECORDED AS DOCUMENT NO. 77-000460 IN THE REGISTER
<br />OF DEEDS OFFICE, HALL COUNTY, NEBRASKA
<br />The property is located in . ............................... HALL.. ............................... at ............... RURALROUTE...............
<br />(County)
<br />.......................... ............................... I WO00RIVEF ...., Nebraska .............68883.............
<br />(Address) (City) ............... (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
<br />diversion payments or third parry payments made to crop producers, and all existing and future improvements, structures,
<br />fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all
<br />referred to as "Property "). The term Property also includes, but is not limited to, any and all water wells, water, ditches,
<br />reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property,
<br />however established.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at any one time shall not exceed $ 343, ANN ......... ............................... This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly
<br />made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances) made under the
<br />terms of this Deed of Trust to protect Beneficiary security and to perform any of the covenants contained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this Deed of Trust even
<br />though all or part may not yet be advanced. Nothing in this Deed-of Trust, however, shall constitute a commitment to
<br />make additional or future loans or advances in any amount. Any such commitment would need to be agreed to in a separate
<br />writing.
<br />4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all extensions,
<br />renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it is suggested that
<br />you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />NOTE DATED 08104102 IN THE AMOUNT OF $343,400.00
<br />NEBRASKA - AGRICULTURAL /COMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) page Iof6
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