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<br />&)~J\~ <br />~~~.~ <br />~l;;'--~< <br />~~rr <br />; ~ <br />'="Q <br />~ <br />, <br />~ <br />~ <br />.....c <br /> <br />:110 <br />m <br />." <br />c: <br />Qn~ <br />m~~ <br />Rx <br /> <br />II <br />o <br />~ <br /> <br />Q~ <br />m en <br />0% <br />?\ <br /> <br />.......,. <br />c:::;;o <br />c:::> <br />CI'lO <br /> <br />("") (j") <br />0..... <br />c::.. <br />z..... <br />.....,.., <br />-<0 <br />0"" <br />""x <br />::I: "., <br />1>CIJ <br />.::::10 <br />.., <br />en <br />::=-: <br />1> <br />-.- <br /> <br />~j; <br />~r <br /> <br />::0 <br />::3 <br />..- <br />c <br />....r <br />U1 <br /> <br />(/) <br />en <br /> <br />::3 <br />:::D <br />~ <br /> <br />N <br />S <br />IS> <br />(J) <br />S <br />~ <br />IS> <br />CD <br /><0 <br /> <br />CJ:) <br /> <br />State oC Nebraska <br /> <br />Space Above This Line For Recording Data <br /> <br />DEED OF TRUST <br /> <br />~I <br /> <br />0;:- <br /> <br />~I <br /> <br />CDr-t" <br />CO2 <br />o <br /> <br />--<p, ..- <br />~6 <br /> <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) <br />