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<br />-?ss <br />a <br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is DECEMBER 21, 2005. The <br />parties and their addresses are: <br /> <br />N <br />CSl <br />CSl <br /><J1 <br />...... <br />N <br />Q) <br />W <br />-...J <br /> <br /> <br />'" ~ <br />':' ~ t; R' <br />kJ ::j +- <br />, ~ tT{. ~ <br />~'X'l:::::" <br />,... \1\ ~ <br />"\ ~ t:: !'\) <br />~c:..;;""t"ri <br />Clc "<.. < <br />~ (.., <br />N ';'1 <br />\ <br />" CV <br />..n ~ <br />~ ~ <br />1'" <br />~ <br />'f <br /> <br />DEED OF TRUST <br /> <br />r-...:> <br />c:::> <br />~ <br />c...r"J <br /> <br />10 <br />m <br />"'" <br />c: <br />(') Z <br />.~ ~ ~ <br />(")(1) <br />"':x: <br /> <br />"~~,~~ <br />m (I) <br />n:x: <br />;-::; <br /> <br />(") en <br />o -l <br />Cl> <br />z--4 <br />--4rTl <br />-<0 <br />0-" <br />-"z <br />:r: nl <br />:t>CO <br />,- :::0 <br />IX> <br />C/'l <br />;;:00;: <br />X> <br /> <br />~j; <br />:: ~ <br />~ t <br /> <br />Cl <br />rrt <br />= <br /> <br />N <br />CO <br /> <br /> <br />::0 <br />::3 <br />I--' <br />~ <br />U1 <br />...c <br /> <br />(/') <br />(j') <br /> <br />\1 <br /> <br />.'-"" .......... <br /> <br />Space Above This Line For Recording Data <br /> <br />200512637 <br /> <br />~I <br /> <br />o~ <br />U13" <br />...... VI <br />~2 <br /> <br />~! <br /> <br />-.J:z <br />o <br /> <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 ~ <br /> <br />Initials <br />Page 1 <br />