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<br />State of Neb ska Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />— R [ OiiuLlri t'tl0<1 SCCilIcfSl_L $!'f.i IY:S'CSF
<br />❑ Master form recorded by .............................
<br />1. DATE AND PARTIES. The date of this Deed of 'Trust (Security Instrument) is .................. . , . _ .. , .......... .
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />VANGUARD PROPERTIES, LLC, A NEBRASKA LIMITED LIABILITY COMPANY
<br />3811 29TH AVENUE, SUITE 5
<br />KEARNEY,NE 68845
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: FIRST STATE BANK
<br />119 C STREET, P 0 BOX 639
<br />SHELTON,NE 68876
<br />47. 0162810
<br />BENEFICIARY: FIRST STATE BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />119C STREET
<br />P U BOX 639 SHELTON, NE 66876
<br />2. CONVEYANCE, For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property: LOTS ONE (1) AND TWO (2), BLOCK ONE (1), NORTHVIEW FIRST SUBDIVISION, A SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA, ACCORDING TO THE PLAT THEREOF
<br />The property is located in ............................... MAU ................. ............... at NORTHVIEW DRIVE ............................
<br />(County)
<br />............................ ............................. . . ................... G. AN SA .0................. ., N ebraska
<br />........ s$a93.........
<br />(Address) (City)
<br />('' /.IY Cale)
<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 tune 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 $ QA. Q, AQQ•. QQ .......... ............................... 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 />MASTER NOTE LOAN AGREEMENT AND MASTER NOTE DATED JULY 27, 2005, FOR A MAXIMUM AMOUNT OF $240,000.00 TO VANGUARD PROPERTIES,
<br />LLC WITH A MONTHLY VARIABLE INTEREST RATE OF 7.75% MATURING JULY 27, 2006
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />1994 Bankers Systems, Inc., St. Cloud, MN Form RE-DT -NE 1/30/2002 '
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