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m _ G e) n Z z p �... = D Ml 2 cn c5 ry b o CD co W W Cn v+✓ Space Above This Line For Recording Data 200206839 DEED OF TRUST o 0 DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is June 27, 2002. The parties and their addresses are: TRUSTOR (Grantor): JOEL B SHAFER As a Joint Tenant with the Right of Survivorship In an Undivided 50 Percent Interest 30 Ponderosa Grand Island, Nebraska 68803 JANELL K SHAFER As a Joint Tenant with the Right of Survivorship In an Undivided 50 Percent Interest 30 Ponderosa Grand Island, Nebraska 68801 TRUSTEE: PLATTE VALLEY STATE BANK & TRUST COMPANY a Corporation 2223 Second Ave PO Box 430 Kearney, Nebraska 68848 -0430 BENEFICIARY (Lender): PLATTE VALLEY STATE BANK & TRUST COMPANY Organized and existing under the laws of Nebraska 2223 Second Ave.; PO Box 430 Kearney, Nebraska 68848 -0430 47- 0343902 1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following described property: Block Five (5) and Block Three (3), Ponderosa Lake Estates Subdivision, in the City of Grand Island, Hall County, Nebraska. The property is located in Hail County at 30 Ponderosa, Grand Island, Nebraska 68803. Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all diversion payments or third party payments made to crop producers and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described (all referred to as Property). This Security Instrument will remain in effect until the Secured Debts and all underlying agreements have been terminated in writing by Lender. 2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time will not exceed $78,000.00. This limitation of amount does not include interest and other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security Instrument to protect Lender's security and to perform any of the covenants contained in this Security Instrument. 3. SECURED DEBTS. This Security instrument will secure the following Secured Debts: A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and replacements. A promissory note, dated June 27, 2002, from Grantor to Lender, with a loan amount of $78,000.00 with an interest rate of 7.5 percent per year and maturing on July 1, 2007. Joel B Shafer .Nebraska Dud Of Trust Initials NEI4XX 14531700600000003652012062602Y 01996 Bankers Systems, Inc., St. Cloud, MN Eater ° Paga 1