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<br />DEED OF TRUST
<br />(With Future 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 (Security Instrument) is ..~~~~..~.-:-.1.~.:-:~Q.Q.9..........
<br />and the panies, their addresses and tax identification numbeE, if required, are as follows:
<br />
<br />200604944
<br />
<br />TRUSTOR:
<br />BENJAMIN SHAFER - A SINGLE PERSON
<br />1205 CEDAR RIDGE COURT 1B
<br />GRAND ISLAND NEBRASKA 68801
<br />
<br />2o,s-o
<br />
<br />D 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
<br />
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (detlned 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 ....................... ~~;t;...J;... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. at ..............................................
<br />(County)
<br />
<br />.:)..,:.?!'i..P.ONPEROSA. .:O.R:nn;... ......................, GRM-W.. J:S~........ .............. ..... ..., Nebraska .~??Q.~..............
<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 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 $ ...... .1.0., .o.o.n.. 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 undcr 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 dated 5-16-2006 showing Benjamin Shafer as Borrower
<br />ip the amount of $10,000.00. 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-OT.NE 1/30/2002
<br />
<br />1t5-- (p.ge 1 014)
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