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<br />200602047
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<br />Space Above This Line For Recording Data
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<br />DEED OF TRUST
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<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is March 8, 2006. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />GREG A. NIEMOTH
<br />A/K/ A Gregory Alan Niemoth
<br />3151 East 1-R Rd
<br />Grand Island, Nebraska 68801
<br />JODI L. NIEMOTH
<br />A/K/ A Jodi Lynn Niemoth
<br />Husband and Wife
<br />31 51 East 1-R Rd
<br />Grand Island, Nebraska 68801
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Nebraska Corporation
<br />PO Box 430
<br />Kearney, Nebraska 68848
<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 />Parcel 1: The Northwest QUarter lNW1/4) of Section Twenty-Four (24), Township Twelve (12) North, Range
<br />Nine (9) West of the 6th P.M., Hall County, Nebraska, except Lot One (1), Niemoth Subdivision, Hall County,
<br />Nebraska.
<br />
<br />Parcel 2: Lot One (1), Niemoth Subdivision, Hall County, Nebraska.
<br />
<br />The property is located in Hall County at 3151 East 1-R Rd, Grand Island, Nebraska 68801 .
<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 $284,000.00. 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. 250274-100, dated March 8, 2006, from Grantor
<br />to lender, with a loan amount of $284,000.00.
<br />B. All Debts. All present and future debts from Grantor to Lender, even if this Security Instrument is not
<br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br />one person signs this Security Instrument, each agrees that it will secure debts incurred either individually or
<br />with others who may not sign this Security Instrument. Nothing in this Security Instrument constitutes a
<br />commitment to make additional or future loans or advances. Any such commitment must be in writing. In
<br />the event that lender fails to provide any required notice of the right of rescission, Lender waives any
<br />subsequent security interest in the Grantor's principal dwelling that is created by this Security Instrument.
<br />This Security Instrument will not secure any debt for which anon-possessory, non-purchase money security
<br />interest is created in "household goods" in connection with a "consumer loan," as those terms are defined by
<br />
<br />Greg A. Niemoth
<br />Nebraska Deed Of Trust
<br />NE/4XX2834400093710000Sl870l8030706Y
<br />
<br />@l996 Bankers Systems, Inc., St. Cloud, MN ~
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