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<br />Space Above This Lillo For RewrdJng Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Futw'e Advance Clause)
<br />D Construction Security Agreement
<br />D Master form recorded by _
<br />1. DATE AND PARTIES. The date' of this Deed of Trust is ~Y_.J_~/m?.!HttL__."____mm.. and the parties and their addresses
<br />
<br />are as follows,: An Undivided One-Half Interest unto Michael'W Garrett and Delores K Garrett, Trustees under the Micbael W Garrett Living Trust
<br />TRUSTOR: dated October 17,2003 ilnd An Undivided One-Half Interest unto Delores K Garrett ilnd Michacl W Garrett, Trustees under the
<br />Delores K Garrett Living Trust dated October 17, 2003
<br />
<br />State of Nebraska
<br />
<br />Loan No. 0150246613
<br />
<br />3",jJ:..s-
<br />'. 0
<br />
<br />23~3-West Koenig-
<br />GRANo ISLAND, NE 68803
<br />
<br />TRUSTEE:
<br />
<br />D Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />'rierOne Bank
<br />
<br />1235 'N' St/ P.O. Box 83009
<br />Lincoln, NE 68501
<br />BENEFICL\RY:'rierOne Bank
<br />
<br />1235 'N' St / PO Box 83009 LINCOLN, NE 68501
<br />
<br />Organized and Existing Under the Laws of the united States of America
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure
<br />the Secured Debt (hereafter defmed), Trustor irrevocably grants, conveys and sells to Trustee. in trust for the benefit of the
<br />Beneficiary, with power of sale, the following described property:
<br />SEE EXHIBIT "A"
<br />
<br />The property is located in mmmnm___m..mmJI~~.~m._____________.....n_.____ at _l:_Q.Q.:L~_.1~!!m__""._______"Mmo.mm...mmm__..
<br />(County)
<br />_._n... nn _. _ __ _....._ _._ __ __ _ ___nn_______ __"" on _____ __ .._ , n_.. __. __" __... n.. _~~n .~_l!;1.~....n.___________ __. 0 , Nebraska ___ _____15.1;1_ ~9J -- __. - - --
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all diversion
<br />payments or third party payments made to crop producers, and all existing and future improvements, structures, fixtures,
<br />and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as
<br />"Property"). The term Property also includes, but is not limited to, any and all water wells, water, ditches, reservoirs,
<br />reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property, however
<br />established.
<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 $ ,!nL!5_!il.?!_~~_.________mm__. . This limitation of amowlt does not include
<br />interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly made pursuant to
<br />this Deed of Trust and does not apply to advances (or interest accrued on such advances) made under the terms of this Deed
<br />of Trust to protect Beneficiary security and to perform any of the covenants contained in this Deed of Trust. Future advances
<br />are contemplated and, along with other future obligations, are secured by this Deed of Trust even though all or part may not
<br />yet be advanced. Nothing in this Deed of Trust, however, shall constitute a commitment to make additional or future loans
<br />or advances in any amount. Any such commitment would need to be agreed to in a separate writing,
<br />4. SECURED DEBT DEFINED. TIle term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory notc(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 />A Prom1ssory Note dated 05/19/2006 in the original principal sum of $87,598.55
<br />
<br />NEBRASKA - AGRtCULTURAUCOMMERCIAl DEED OF TRUST (NOT FOR fNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES)
<br />~ 0' 993 Bank.", Svstams, Inc.. St. Cloud, MN Form AG/CO.DT-NE 1130/2002
<br />~-C164INE) (03071 VMP MortgillJ' Solulio,," (800)521-729'
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