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Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is September 10, 2002. The
<br />parties and their addresses are:
<br />TRUSTOR (Grantor):
<br />WILLIAM P. ZILLER
<br />Vested in the Following Manner: Husband and Wife N
<br />1611 N. St. Paul Road
<br />Grand Island, Nebraska 68801 11\
<br />JULANN K. ZILLER
<br />Vested in the Following Manner: Husband and Wife
<br />1611 N. St. Paul Road
<br />Grand Island, Nebraska 68801
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK &TRUST COMPANY
<br />`. a Corporation
<br />2223 Second Ave
<br />PO Sox 430
<br />Kearney, Nebraska 68848 -0430
<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 following
<br />described property:
<br />PARCEL 1: The South One -Half IS 1/2) of Lot Eight (8) and the South Forty -Four Feet IS 44') of Lots Six (6)
<br />and Seven (7), Block Twenty -Seven (27) of Schimmer's Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />The property is located in County at 507 E. 1st, Grand Island, Nebraska 688O1.
<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 part of the
<br />real estate described (all referred to as Property). This Security Instrument will 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 $625,000.00. 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 following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, dated September 10, 2002, from William P. Ziller and Julann K. Ziller
<br />(Borrower) to Lender, with a loan amount of $625,000.00 with an interest rate of 7.0 percent per year and
<br />maturing on September 15, 2007.
<br />B. All Debts. All present and future debts from William P. Ziller and Julann K. Ziller to Lender, even if this
<br />Security Instrument is not specifically referenced, or if the future debt is unrelated to or of a different type
<br />than this debt. If more than one person signs this Security Instrument, each agrees that it will secure debts
<br />incurred either individually or with others who may not sign this Security Instrument. Nothing in this
<br />Security Instrument constitutes a commitment to make additional or future loans or advances. Any such
<br />commitment must be in writing. In the event that Lender fails to provide any required notice of the right of
<br />rescission, Lender waives any subsequent security interest in the Grantor's principal dwelling that is created
<br />by this Security Instrument. This Security Instrument will not secure any debt for which a non - possessory,
<br />non - purchase money security interest is created in "household goods" in connection with a "consumer loan,"
<br />as those terms are defined by federal law governing unfair and deceptive credit practices. This Security
<br />Instrument will not secure any debt for which a security interest is created in "margin stock" and Lender
<br />does not obtain a "statement of purpose," as defined and required by federal law governing securities.
<br />Nebraska Deed Of Trmt c� In.c.1,
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<br />NE14XX 14469500600000003652046091002Y °1996 Bankers S,.nij, Inc., at Cloud, MN jG rtZ Papc 1
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<br />Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is September 10, 2002. The
<br />parties and their addresses are:
<br />TRUSTOR (Grantor):
<br />WILLIAM P. ZILLER
<br />Vested in the Following Manner: Husband and Wife N
<br />1611 N. St. Paul Road
<br />Grand Island, Nebraska 68801 11\
<br />JULANN K. ZILLER
<br />Vested in the Following Manner: Husband and Wife
<br />1611 N. St. Paul Road
<br />Grand Island, Nebraska 68801
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK &TRUST COMPANY
<br />`. a Corporation
<br />2223 Second Ave
<br />PO Sox 430
<br />Kearney, Nebraska 68848 -0430
<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 following
<br />described property:
<br />PARCEL 1: The South One -Half IS 1/2) of Lot Eight (8) and the South Forty -Four Feet IS 44') of Lots Six (6)
<br />and Seven (7), Block Twenty -Seven (27) of Schimmer's Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />The property is located in County at 507 E. 1st, Grand Island, Nebraska 688O1.
<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 part of the
<br />real estate described (all referred to as Property). This Security Instrument will 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 $625,000.00. 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 following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, dated September 10, 2002, from William P. Ziller and Julann K. Ziller
<br />(Borrower) to Lender, with a loan amount of $625,000.00 with an interest rate of 7.0 percent per year and
<br />maturing on September 15, 2007.
<br />B. All Debts. All present and future debts from William P. Ziller and Julann K. Ziller to Lender, even if this
<br />Security Instrument is not specifically referenced, or if the future debt is unrelated to or of a different type
<br />than this debt. If more than one person signs this Security Instrument, each agrees that it will secure debts
<br />incurred either individually or with others who may not sign this Security Instrument. Nothing in this
<br />Security Instrument constitutes a commitment to make additional or future loans or advances. Any such
<br />commitment must be in writing. In the event that Lender fails to provide any required notice of the right of
<br />rescission, Lender waives any subsequent security interest in the Grantor's principal dwelling that is created
<br />by this Security Instrument. This Security Instrument will not secure any debt for which a non - possessory,
<br />non - purchase money security interest is created in "household goods" in connection with a "consumer loan,"
<br />as those terms are defined by federal law governing unfair and deceptive credit practices. This Security
<br />Instrument will not secure any debt for which a security interest is created in "margin stock" and Lender
<br />does not obtain a "statement of purpose," as defined and required by federal law governing securities.
<br />Nebraska Deed Of Trmt c� In.c.1,
<br />M
<br />NE14XX 14469500600000003652046091002Y °1996 Bankers S,.nij, Inc., at Cloud, MN jG rtZ Papc 1
<br />
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