|
<br />~
<br />f ;::0 n E ,-......'
<br /> !+l ::c .(:'~,,;> 0(/1 C> 'I
<br /> m c:::) 0-<
<br /> c: en
<br />~ n :c '"'),:~ cl> N
<br />n Z ~ r" " . =3 z-l
<br />t :I: n 0 ;Xl 12 '" = -IfTl c:>
<br />)> ~ P"'I -~- = -<0
<br />tT1 ~-) ;>-- c::>
<br />n en o "-'t ~ o " ar
<br />~ ::J: c...,.) -'1 Z m
<br /> V\ -,.,
<br /> t' :::c ['1
<br /> () 0 r )> CD 0 I
<br /> rn l -0
<br />t rrI :3 r :u rv
<br /> CJ r :r:~
<br /> U) ~ UJ ~
<br /> N 7'
<br /> J> CO
<br />~ c..n --
<br />~. ...c: UJ c...,.)
<br />t (f) ~
<br />
<br />N
<br />is
<br />is
<br />CJ)
<br />is
<br />N
<br />->.
<br />OJ
<br />W
<br />
<br />State of Nebrask Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause) 3 o. 5 0
<br />D Construction Security Agreement
<br />D Master form recorded by .............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust is ~t~.. 3...,...2.':'".2006. . . . . . ...... and the parties and their
<br />addresses are as follows:
<br />
<br />TRUSTOR:
<br />SHAFER PROPERTIES LLC/
<br />
<br />920 DIERS AVE.
<br />GRAND ISLAND NE 68803-0000
<br />
<br />D Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />
<br />TRUSTEE:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816
<br />
<br />BENEFICIARY:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816
<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 />LOT FIVE (5), IN WESTWOOD PARK SIXTH SUBDIVISION, IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />The property is located inlJ:ALL................................................................ at ............................................
<br />(County)
<br />7.Q ~ . .B-.l?R~9.QP'.. R9.@.... . . . . ... ...... . . .........., GRANO...J; ::iLJ;iNR. . . . . ......... .. . . . ... . ., Nebraska........ i~ ~ e.OJ.. ... .. .. ......
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
<br />diversion payments or third party payments made to crop producers, and all existing and future improvements, structures,
<br />fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all
<br />referred to as "Property"). The term Property also includes, but is not limited to, any and all water wells, water, ditches,
<br />reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property,
<br />however established.
<br />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at anyone time shall not exceed $J.,'lP.1.0.QR...O.Q................................. . This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly
<br />made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances) made under the
<br />terms of this Deed of Trust to protect Beneficiary security and to perform any of the covenants eontained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this Deed of Trust even
<br />though all or part may not yet be advanced. Nothing in this Deed of Trust, however, shall constitute a conuuitment to
<br />make additional or future loans or advances in any amount. Any such eommitment would need to be agreed to in a separate
<br />writing.
<br />
<br />4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all extensions,
<br />renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it is suggested that
<br />you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />PROMISSORY NOTE SHOWING SHAFER PROPERTIES, L.L.C.
<br />AS BORROWERS IN THE AMOUNT OF 150,000.00. NOTE MATURITY OF 3/01/2007.
<br />
<br />NEBRASKA" AGRICUL TURALlCOMMERCIAL DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE. AND NOT FOR CONSUMER PURPOSES) 17~
<br />~ @ 1993 Bankers Systems. Ine" St. Cloud. MN Form AG/CO-OT -NE 1/30/2002 r
<br />
<br />page 1 of 6
<br />
|