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<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is DECEMBER 21, 2005. The
<br />parties and their addresses are:
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<br />Space Above This Line For Recording Data
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<br />200512637
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<br />TRUSTOR (Grantor):
<br />PHYLLIS J CODNER
<br />As TRUSTEE
<br />Of the PHYLLIS J CODNER REVOCABLE TRUST
<br />Dated January 1, 2000, A NEBRASKA Trust
<br />REVOCABLE TRUST
<br />2540 N WEBB RD
<br />PO BOX 5284
<br />GRAND ISLAND, Nebraska 68802
<br />PHYLLIS J CODNER
<br />TRUSTEE OF PHYLLIS J CODNER REVOCABLE TRUST
<br />2540 N WEBB RD
<br />PO BOX 5284
<br />GRAND ISLAND, Nebraska 68802
<br />
<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 />810 Allen Drive
<br />Grand Island, Nebraska 68803
<br />TIN: 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 />
<br />A CERTAIN PART OF THE SOUTHEAST 1/4 OF SECTION 1, TOWNSHIP 11 NORTH, RANGE 10 WEST OF THE
<br />6TH P.M., MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A POINT ON THE EAST LINE
<br />OF THE SOUTHEAST 1/4 OF SECTION 1, WHCIH POINT IS 412.5 FEET NORTH OF THE SOUTHEAST CORNER
<br />OF THE SOUTHEAST 1/4 OF SAID SECTION 1, RUNNING THENCE NORTH ALONG AND UPON THE EAST
<br />LINE OF THE SOUTHEAST 1/4 OF SAID SECTION 1, 82.5 FEET; RUNNING THENCE, WEST AND PARALLEL
<br />TO THE SOUTH LINE OF THE SOUTHEAST 1/4 OF SAID SECTION 1, 264.0 FEET, RUNNING THENCE SOUTH
<br />AND PARALLEL TO THE EAST LINE OF THE SOUTHEAST 1/4 OF SAID SECTION 1, 82.5 FEET; RUNNING
<br />THENCE EAST AND PARALLEL TO THE SOUTH LINE OF THE SOUTHEAST 1/4 OF SAID SECTION 1, 2~4.0
<br />FEET TO THE PLACE OF BEGINNING. ( ::<<04.0)
<br />
<br />The property is located in HALL County at 2540 N WEBB RD
<br />PO BOX 5284, GRAND ISLAND, Nebraska 68802.
<br />Together with all rights, easements, appurtenances, royalties, mineral rigths, oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures, and
<br />replacements that may now, or at any time in the future, be part of the real estate described (all referred to as
<br />Property), This Security Instrument will remain in effect until the Secured Debts and all underlying agreements
<br />have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone
<br />time will not exceed $120,129.50. 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 />
<br />PHYLLIS J CODNER REVOCABLE TRUST
<br />Nebraska Deed Of Trust
<br />NE/4XX28325000815100004558027122105Y
<br />
<br />@1996 Bankers Systems, Inc., St. Cloud, MN ~
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