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<br />State of Nebraska
<br />
<br />Space Above This Une For Recording Data
<br />
<br />G-? S', So
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />00 Construction Security Agreement
<br />o Master form recorded by .............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ................. ..1.4'7.&-7.QQL .. ..............
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR:
<br />
<br />BRANDEN B. LEFFLER AND LYNNE M. LEFFLER, HUSBAND AND WIFE
<br />1688 S BLUFF CENTER RDAD
<br />SHELTDN,NE 68876
<br />
<br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />FIRST STATE BANK
<br />119 C STREET, P D BDX 639
<br />SHELTON,NE 68876
<br />
<br />BENEFICIARY:
<br />
<br />FIRST STATE BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />119 C STREET
<br />PO tlOX 639 SHELTON, NE6B876
<br />
<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: SEE EXHIBIT"A"
<br />
<br />The property is located in ............................. .IlI;JJUI.1lX. . .Ha 11............ .. . .. at .1.6.~~.~ .~~~ff.G~N1~~.~9.~Q. . . . . . ...... .... . . .
<br />(COlUlty)
<br />
<br />. . . . . . . . . .. .. . . . . . . . . . . . .. .. .. .. . ........ . . . . .. ... . . . .... . . ., ..................... SH~~J.QtJI. . . . . . . . . . . . . . . . . .. . ., Nebraska
<br /> ........ .q~~7p........ .
<br />(Address) (City) (ZIP Code)
<br />
<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 time in the future, be part of the real estate described above (all referred to as "Property").
<br />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time shall
<br />not exceed $ aMP.Q.p.Q......................................... . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation docs 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 tenn "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 />CONSTRUCTION LINE OF CREDIT WITH A MAXIMUM OF $90,000.00 TO BRANDEN B. LEfflER AND LYNNE M. LEFFLER WITH MONTHLY INTEREST
<br />PAYMENTS DUE STARTING 01.31.06 AND CONTINUING ON THE 31ST DAY OF EACH MONTH THEREAFTER UNTIL MATURITY OF 12.31.2006. DEED OF
<br />TRUST WILL HAVE FUTURE ADVANCES TO $115,000.00
<br />
<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ @1994 Bankers Systems. Ino.. St. Cloud. MN Form RE-DT-NE 1/30/2002
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