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<br />State of Nebraska Space Above This Line For Recording
<br />Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />❑ Master form recorded by ......................
<br />DATE AND PARTIES. The date of this Deed of Trust is 12 / 01(2 0 0 3 . ..............................
<br />and the parties
<br />and their
<br />addresses are as follows:
<br />TRUSTOR:
<br />DENTON ENTERPRISES INC./
<br />334 amset Drive
<br />DONIPHAN NE 68832 -0000
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816
<br />BENEFICIARY:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816
<br />CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the
<br />benefit of the Beneficiary, with power of sale, the following described property:
<br />THE EAST SIXTEEN FEET (E16) OF LOT SEVEN (7), AND ALL OF
<br />FRACTIONAL LOT EIGHT (8) IN BLOCK SEVEN (7) OF ARNOLD PLACE IN
<br />THE CITY OF GRAND ISLAND AND FRACTIONAL LOT EIGHT (8) IN BLOCK
<br />ONE HUNDRED TWENTY -THREE (123), OF KOEING & WIEBE'S ADDITION TO
<br />U E CITY CF GWD ISUM, HAIL CKINN, IEPS-%.
<br />The property is located inURLTA ................................ ............................... at ............................................
<br />(County)
<br />.......................... ............................... I Qj?-w .. u4W ......................... Nebraska ................................
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
<br />diversion payments or third party payments made to crop producers, and all existing and future improvements, structures,
<br />fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all
<br />referred to as "Property "). The term Property also includes, but is not limited to, any and all water wells, water, ditches,
<br />reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property,
<br />however established.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at any one time shall not exceed $ 27 5.,. Q. QR:. Q. Q ... ............................... This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly
<br />made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances) made under the
<br />terms of this Deed of Trust to protect Beneficiary security and to perform any of the covenants contained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this Deed of Trust even
<br />though all or part may not yet be advanced. Nothing in this Deed of Trust, however, shall constitute a commitment to
<br />make additional or future loans or advances in any amount. Any such commitment would need to be agreed to in a separate
<br />writing.
<br />4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all extensions,
<br />renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it is suggested that
<br />you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />PROMISSORY NOTE SHOWING DENTON ENTERPRISES, INC. i122�
<br />AS BORROWERS IN THE AMOUNT OF 275,000.00. NOTE MATURITY OF #�#ffl#
<br />NEBRASKA - AGRICULTURAL /COMMERCIAL DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) page 1 of 6
<br />© 1993 Bankers Systems, Inc., St. Cloud, MN Form AG /CO -0T -NE 1/30/2002 Q.& -
<br />
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