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DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is APRIL 24, 2006. The parties and <br />their addresses are: <br />T-RUSTOR (Grzn;or):. -- <br />PAUL T MEYER <br />Spouse of PEGGY L MEYER <br />HUSBAND AND WIFE <br />7021 W R RD <br />ALDA, Nebraska 68810 <br />PEGGY L MEYER <br />Spouse of PAUL T MEYER <br />HUSBAND AND WIFE <br />7021 W R Rd <br />Aida, Nebraska 68810 <br />TRUSTEE: <br />PLATTE VALLEY STATE BANK & TRUST COMPANY <br />a Nebraska Corporation <br />PO Box 430 <br />Kearney, Nebraska 68848 <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 />THE SOUTHERLY ONE -HALF (S1/2) OF LOT EIGHT (8), IN BLOCK ELEVEN (11 ), IN THE ORIGINAL TOWN, <br />NOW CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The property is located in HALL County at 504 W 6TH, 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 any one <br />time will not exceed $26,044.50. 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 rather agreement, No. 254380 -101, dated April 24, 2006, from Grantor <br />to Lender, with a loan amount of $26,044.50. <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 a non- 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 />federal law governing unfair and deceptive credit practices. This Security Instrument will not secure any <br />PAUL MEYER <br />Nebraska Deed Of Trust Initials <br />NE/ 4XX2832 5000937 1 00005 1 8 701 5042406Y 01996 Bankers Systems, Inc., St. Cloud, MN f5q5E-W Page 1 <br />_Z�� <br />- 0 <br />z <br />r" <br />~ <br />71 <br />In <br />aD <br />d) <br />N Fl` <br />m <br />1> <br />b co <br />C=) <br />C <br />o <br />M <br />r a <br />S <br />ter_ <br />� T <br />f...► <br />W <br />� <br />a <br />Ln <br />200604.064 <br />z <br />4- Space Above This Line For Recording Data <br />O <br />DEED OF TRUST <br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is APRIL 24, 2006. The parties and <br />their addresses are: <br />T-RUSTOR (Grzn;or):. -- <br />PAUL T MEYER <br />Spouse of PEGGY L MEYER <br />HUSBAND AND WIFE <br />7021 W R RD <br />ALDA, Nebraska 68810 <br />PEGGY L MEYER <br />Spouse of PAUL T MEYER <br />HUSBAND AND WIFE <br />7021 W R Rd <br />Aida, Nebraska 68810 <br />TRUSTEE: <br />PLATTE VALLEY STATE BANK & TRUST COMPANY <br />a Nebraska Corporation <br />PO Box 430 <br />Kearney, Nebraska 68848 <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 />THE SOUTHERLY ONE -HALF (S1/2) OF LOT EIGHT (8), IN BLOCK ELEVEN (11 ), IN THE ORIGINAL TOWN, <br />NOW CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The property is located in HALL County at 504 W 6TH, 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 any one <br />time will not exceed $26,044.50. 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 rather agreement, No. 254380 -101, dated April 24, 2006, from Grantor <br />to Lender, with a loan amount of $26,044.50. <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 a non- 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 />federal law governing unfair and deceptive credit practices. This Security Instrument will not secure any <br />PAUL MEYER <br />Nebraska Deed Of Trust Initials <br />NE/ 4XX2832 5000937 1 00005 1 8 701 5042406Y 01996 Bankers Systems, Inc., St. Cloud, MN f5q5E-W Page 1 <br />