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<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause) c'? 5~ So
<br />D Construction Security Agreement
<br />D Master form recorded by.............................
<br />1. DATE AND PARTmS. The date of this Deed of Trust (Security Instrument) is ..................P.7:.14-7.QQ~..................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR:
<br />
<br />ALBERTA M. STANGE AND BARRY A. STANGE, A MARRIED PERSON
<br />705 SOUTH WABASH
<br />HASTINGS, NE 68901
<br />
<br />D If checked, refer to the attached Addendwn 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:
<br />
<br />FIRST STATE BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />119 C STREET
<br />POBOX 639 SHEi. TOr~, r~E 68876
<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 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: SEE ATTACHED LEGAL DESCRIPTION
<br />
<br />4JJ1s. !fP
<br />
<br />The property is located in ..............................~.. H. 7\ U .. .. .. .. .. .. .. . .. ... at ..............................................
<br />(County)
<br />
<br />. . ..... . . .... . . . . . . . .. . . .. . . . . . . . . . . . . . . . . .... .. .. . . . . . . . . . ., ..................................................., Nebraska .......................
<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 $ ~P.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 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 under the tenllS 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 />NOTE OF EVEN DATE GIVEN TO ALBERTA M. STANGE
<br />
<br />NEBRASKA _ DEED OF TRUST (NOT FOR FNMA, FHLMC. FHA OR VA USE)
<br />
<br />imP (P~
<br />
<br />~ @1994 Sanko" Systom.. Ino" St. Cloud, MN Form RE-DTNE 113012002
<br />
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