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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />o Master form recorded by .. ..."...... ....... ......... 03 - 0 1 -] 006
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ..~*~.~.~.~t~.~x:............
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
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<br />TRUSTOR:
<br />BENJAMIN SHAFER - A SINGLE PERSON
<br />1205 Cedar Ridge Court 1B
<br />Grand Island NE 68801
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<br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />ARCHER COOPERATIVE CREDIT UNION
<br />2121 ARCHER ROAD
<br />ARCHER, NE 68816
<br />
<br />BENEFICIARY:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816
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<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:
<br />
<br />LOT ONE (1), BLOCK TWO (2) IN PONDEROSA LAKE ESTATES THIRD
<br />SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />The property is located in ...................... ~~ ~ ~. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. at ..............................................
<br />(County)
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<br />.+.Z~. .f:ONRllRO.E$A. .O.B-.::cYE........................., GR-ANO.. J:~:W;WR.............................., Nebraska .~ ~.?9.J,..............
<br />(Address) (City) (ZIP Code)
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<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 $ ..;2. ~ Q .~ .0.0 ,Q. t. 0.0. . . .. . .. .. .. .. .. .. .. . .. .. .... . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does 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 term "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 />Promissory Note showing Benjamin8Shafer as borrower in the amount
<br />of $250,000.00. Note matures 3-01-2007.
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE)
<br />~ @ 1994 Bankers Systems, Inc., St. Cloud, MN Form RE.DT-NE 1/30/2002
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<br />~ (page 1 of 4)
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