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<br />
<br />State of Nebraska
<br />
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement 0 Master form recorded by
<br />
<br />1. DATE AND PARTIES. The date of this Deed of Trust is 01-06.2006
<br />their addresses are as follows:
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<br />and the parties and
<br />
<br />TRUSTOR: CHAD A. OTTO AND RAMONA S. OTTO, AS HUSBAND AND WIFE
<br />8362 W. ONE R ROAD
<br />CAIRO, NE 68824
<br />
<br />o Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: BDELUS STATE BANK
<br />P.O. BOX B
<br />BOELUS, NE 68820.0233
<br />
<br />BENEFICIARY:
<br />
<br />BOELUS STATE BANK
<br />ORGANIZED AND EXISTING UNDER THE lAWS OF THE STATE OF NEBRASKA
<br />523 DELAWARE STREET
<br />P.O. BOX B BOELUS, NE 68820.0233
<br />
<br />2. 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 SOUTH HALF OF SOUTHEAST QUARTER IS1I2SE1I41 OF SECTION THIRTEEN 113), TOWNSHIP TWELVE (12) NORTH, RANGE ELEVEN (11)
<br />WEST OF THE 6TH P.M., HAll COUNTY, NEBRASKA
<br />
<br />The property is located in HAll
<br />
<br />at 8362 W. ONE R ROAD
<br />
<br />, CAIRO
<br />
<br />, Nebraska68824
<br />
<br />(County)
<br />
<br />(Address)
<br />
<br />ICity)
<br />
<br />(Zip Code)
<br />
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
<br />diversion payments or third pnrty pnyments mnde to crop producers, nnd all existing and future improvements,
<br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described
<br />elbove (all referred to as "Property"). The term Property also includes, but is not limited to, any and all Welter wells,
<br />wnter, ditches, reservoirs, reservoir sites and darns located on the real estate and all riparian and water rights
<br />associated with the Property, however established.
<br />
<br />NEBRASKA . AGRICULTURAL/COMMERCIAL REAL EST A TE SECURITY INSTRUMENT
<br />(NOT FOR FNMA. FHLMC, FHA OR VA USF, AND NOT FOR CONSUMER PURPOSES)
<br />~M @ 1993, 2001 BanKers Systoms, Inc" St. Cloud. MN Form AGeO..RESl NE 1/17 IL003
<br />
<br />(page , of 81
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