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<br /> Stllte of Nebrllska Space Above This Line For Recording Data
<br />
<br />
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />o l\.faster fOl'm-.rtcorded-..".-...... i......-.-.-..~" ......... ....
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ,.".
<br />and the parties, their addresses and tax identification numbers, if required, arc as follows:
<br />
<br />,~5, So
<br />
<br />p,~.p'~.?qo~. , , , , , , , , ' , , , . , , , ,
<br />
<br />TRUSTOR:
<br />
<br />JAMES A, SCHULTZ AND DONNA J. SCHULTZ, HUSBAND AND WIFE
<br />11775 WEST ONE R ROAD
<br />CAIRO, NE 68824
<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 />119 C STREET, POBOX 639
<br />SHELTON,NE 68876
<br />
<br />BENEFICIARY: FIRST STATE BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />___~~1J,.qC STREET
<br />POBOX 639 SHELTON, NE 68876
<br />
<br />2.
<br />
<br />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 perfomlance 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 />SEE EXHIBIT A
<br />
<br />The property is located in ,.".,..,...,"',....,....."............."",.,....",...."",." at .,""'...,.........".,...,...,.,."",...",
<br />(County)
<br />
<br />. , , . ' . , , . . , . . ' , , . . , , , . . . . . , , . , . . . , . . , , . , . . , . . .. , . . . '. . . . . , , ., ...""'.'.'..'.."'.'.'."....'.,."'......,.."'., Nebraska .,.".,.......",....,.
<br />(Address) (City) (ZIP Code)
<br />
<br />Together with ali 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 $ 40.00,O,O,Q...,.,.,."...,. - , . , , . , , , , . . . , , . . , , , . , , ,. . 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 lerms of this SecurilY Inslrumcnt to protcct Beneficiary's sccurity and 10 perform any of lhe covenants contained in this
<br />Sccurity Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defincd as follows:
<br />^ Deht incurred undcr the terms of all promissory notc(s), cOlllract(s), guaranty(s) or other cvidence of debt descrihed
<br />below and all their extcnsions, renewals, ll10difical ions or substitutions, (W'llen referencing the debts below it is
<br />suggested that you include items such as borrowers' names. note amounts, interest rates, maturity dates, etc.)
<br />NOTE OF EVEN DATE GIVEN TO JAMES AND DONNA SCHULTZ
<br />
<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA. FHLMC, FHA OR VA USE)
<br />~~ @1994 S."..,. Systoms, I"c" St. Cloud, MN Fo'm REDT-NE 113012002
<br />
<br />"
<br />
<br />(page 1 of 4)
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