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<br />State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />200207746 (With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />❑ Master form recorded by .............................
<br />V 1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ............. .....07172002...........,,,,,,,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />KEVIN T. SMITH AND WINONA L. SMITH, HUSBAND AND WIFE
<br />4046NORSEMAN AVE
<br />GRAND ISLAND, NE 68803
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: BANK OF DONIPHAN
<br />P O BOX 270
<br />DONIPHAN, NE 68832 -0270
<br />47- 0490809
<br />BENEFICIARY: BANK OF DONIPHAN
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />P 0 BOX 270
<br />CONIPHAN,NE 68832027D
<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 Truster's performance under this Security Instrument, Trustor 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 SIXTEEN (16), JEFFREY OAKS 5TH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in ............................... HALL. ............................... at 4046 NOFSEMAN AVE.........................
<br />(County)
<br />.............................. ..............................I ................... OBAND.IOlANO................... Nebraska .........0@903........
<br />(Address) (City) (ZIP Cade)
<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 $ 20.1 AO• AO ........... ............................... This 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 terms 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 term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms 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 />TERM LOAN TO KEVIN AND WINONA SMITH FOR 60 MONTHS AT 7% WITH MONTHLY PAYMENTS OF $516 AND ALL MODIFICATIONS, EXTENSIONS, AND
<br />RENEWALS THEREOF
<br />NEBRASKA - DEED OF TRUST )NOT FOR FNMA, FHLMC, FHA OR VA USE) (page t of 4)
<br />Ej( ®1994 Bankers Systems, Inc., St. Cloud, MN Form RE -DT -NE 1/3012002
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