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<br />State oC Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />
<br />~I
<br />
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<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />o Master form recorded by.............................
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ..................P.5:P.4.7.qqi?.................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />1.
<br />
<br />TRUSTOR:
<br />
<br />MICHAEL L. LAMBRECHT AND CHERYL A. LAMBRECHT, HUSBAND & WIFE
<br />3922 S 130TH ROAD
<br />WOOD RIVER, NE 6BBB3
<br />
<br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />FIRST STATE BANK
<br />"9 C STREET
<br />SHELTON,NE 6BB76
<br />
<br />BENEFICIARY:
<br />
<br />FIRST STATE BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />1 19 C STREET
<br />POBOX 639 SHELTON, NE 6BB76
<br />
<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 perfonnance 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: THE WEST HALF (W1I2) OF THE SOUTH WEST QUARTER (SW1I41 OF SECTION TWO (21, TOWNSHIP 10 NORTH, RANGE TWELVE l121, WEST OF THE
<br />6TH P.M., HALL COUNTY, NEBRASKA
<br />
<br />The property is located in .................................................................... at ..............................................
<br />(County)
<br />
<br />. . . . . . . . . ... . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . ., ..................................................., Nebraska ...................
<br />....
<br />(Address) (City) (ZIP Code)
<br />
<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 exbting and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the future, be part of the real estate descrihed ahove (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 $ 2P.Q,P.QQ..QQ........................................ . 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 perfonn any of the covenants contained in this
<br />Security InstrwnenL
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Deht incurred under the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of deht descrihed
<br />below and all their extensions, renewals, modifications or suhstitutions. (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 />NOTES OF EVEN DATE GIVEN TO MICHAEL AND CHERYL LAMBRECHT
<br />
<br />NEBRASKA. DEED OF TRUST INOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~M @ 1994 Bankers Systems, Ino" St. Cloud. MN Form RE.DT-NE 1/30/2002
<br />
<br />'\
<br />
<br />(page 1 of 4)
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