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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is February 22, 2006. The parties
<br />and their addresses are:
<br />
<br />TRUSTOR (Grantor):
<br />DARICK D BARNHART
<br />An unmarried individual
<br />A Single Person
<br />2404 W Lincoln Hwy
<br />Grand Island, Nebraska 68803
<br />
<br />TRUSTEE:
<br />PLA TTE V ALLEY ST ATE BANK & TRUST COMPANY
<br />a Corporation
<br />POBox 51 68
<br />Grand Island, Nebraska 68802
<br />
<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 />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 />Lots Four (4) and Five (5), in Block Forty-Four (44), Packer & Barr's Second Addition to the City of Grand
<br />Island, Hall County, Nebraska, together with the complement to said Lot Four (4), being a tract of land 8.9 feet
<br />wide by 120 feet long lying immediatelly south of and adjacent to the south line of said Lot Four (4), Block
<br />Forty-four (44), Packer & Barr's Second Addition, Said complement also known as Lot Ten (10), Block Forty-
<br />four (44), Packer & Barr's Annex, together with the half of vacated Clarence Street lying north of and adjacent
<br />to the north line of Lot Five (5), Block Forty-four (44), Packer & Barr's second addition, said street having been
<br />vacated by Ordinance No. 5005, excepting therefrom the alley reserved in said Ordinance No, 5005.
<br />
<br />The property is located in Hall County at 2404 W Lincoln Hwy, Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements 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 $200,000.00. 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. The term "Secured Debts" includes and this Security Instrument will secure each of the
<br />following: .
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. R292944-600, dated February 22, 2006, from
<br />Darick's Paint & Body, Inc. (Borrower) to Lender, with a maximum credit limit of $200,000.00. One or more
<br />of the debts secured by this Security Instrument contains a future advance provision.
<br />B. All Debts. All present and future debts from Oarick's Paint & Body, Inc. to Lender, even if this Security
<br />Instrument is not specifically referenced, or if the future debt is unrelated to or of a different type than this
<br />debt. If more than one person signs this Security Instrument, each agrees that it will secure debts incurred
<br />either individually or with others who may not sign this Security Instrument. Nothing in this Security
<br />Instrument constitutes a commitment to make additional or future loans or advances. Any such commitment
<br />must be in writing. In the event that Lender fails to provide any required notice of the right of rescission,
<br />Lender waives any subsequent security interest in the Grantor's principal dwelling that is created by this
<br />Security Instrument. This Security Instrument will not secure any debt for which anon-possessory, non-
<br />purchase money security interest is created in "household goods" in connection with a "consumer loan," as
<br />
<br />Oarick's Paint & Body, Inc.
<br />Nebraska Deed Of Trust
<br />NE/4XX28424000937100005187016022306Y
<br />
<br />@1996 Bankers Systems, Inc., St. Cloud, MN ~
<br />
<br />Initials
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