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DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is August 29, 2003. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />MICHAEL T LEAMAN
<br />Spouse of Ralisa E Leaman
<br />2829 Fort Worth Ave
<br />Grand Island, Nebraska 68803
<br />RALISA E LEAMAN
<br />Spouse of Michael T Leaman
<br />husband and wife
<br />2829 Fort Worth Ave
<br />Grand Island, Nebraska 68803
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Corporation
<br />2223 Second Ave
<br />PO Box 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 />1451 North Webb Road
<br />Grand Island, Nebraska 68803
<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 />Lot One (1) and the Northerly Sixty (60) Feet of Lot Two (2), in Block Two (2), in Farmington Second
<br />Subdivision, a subdivision located upon a part of the Southeast Quarter of the Southwest Quarter
<br />(SE1 /4SW 1 /4) of Section Twenty -one (21), Township Eleven (1 1) North, Range Nine (9) West of the 6th P.M.,
<br />Hall County, Nebraska
<br />The property is located in Hall County at 1609 Spring Rd, Grand Island, Nebraska 68801.
<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 $144,100.00. 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, No. 250504 -700, dated August 29, 2003, from Grantor to Lender, with
<br />a loan amount of $144,100.00.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
<br />5. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by
<br />this Security Instrument and has the right to irrevocably grant, convey and sell the Property to Trustee, in trust,
<br />with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of
<br />record.
<br />Michael T Leaman
<br />Nebraska Deed Of Trust Initials
<br />NE/ 4XX28333000623900003872012090403Y °1996 Bankers Systems, Inc., St. Cloud, MN r " Page 1
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<br />DEED OF TRUST
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is August 29, 2003. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />MICHAEL T LEAMAN
<br />Spouse of Ralisa E Leaman
<br />2829 Fort Worth Ave
<br />Grand Island, Nebraska 68803
<br />RALISA E LEAMAN
<br />Spouse of Michael T Leaman
<br />husband and wife
<br />2829 Fort Worth Ave
<br />Grand Island, Nebraska 68803
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Corporation
<br />2223 Second Ave
<br />PO Box 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 />1451 North Webb Road
<br />Grand Island, Nebraska 68803
<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 />Lot One (1) and the Northerly Sixty (60) Feet of Lot Two (2), in Block Two (2), in Farmington Second
<br />Subdivision, a subdivision located upon a part of the Southeast Quarter of the Southwest Quarter
<br />(SE1 /4SW 1 /4) of Section Twenty -one (21), Township Eleven (1 1) North, Range Nine (9) West of the 6th P.M.,
<br />Hall County, Nebraska
<br />The property is located in Hall County at 1609 Spring Rd, Grand Island, Nebraska 68801.
<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 $144,100.00. 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, No. 250504 -700, dated August 29, 2003, from Grantor to Lender, with
<br />a loan amount of $144,100.00.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
<br />5. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by
<br />this Security Instrument and has the right to irrevocably grant, convey and sell the Property to Trustee, in trust,
<br />with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of
<br />record.
<br />Michael T Leaman
<br />Nebraska Deed Of Trust Initials
<br />NE/ 4XX28333000623900003872012090403Y °1996 Bankers Systems, Inc., St. Cloud, MN r " Page 1
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