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<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />
<br />~
<br />-- ~
<br />
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is July 19, 2006. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />CONNIE J WILEY
<br />Spouse of Leighton E. Wiley
<br />4040 Scheel Drive
<br />Grand Island, Nebraska 68801
<br />LEIGHTON E WILEY
<br />Spouse of Connie J. Wiley
<br />Wife and Husband
<br />4040 Scheel Drive
<br />Grand Island, Nebraska 68801
<br />PATRICK J SCHllEY
<br />1 611 W . Charles Street
<br />Grand Island, Nebraska 68801
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Nebraska Corporation
<br />PO Box 430
<br />Kearney, Nebraska 68848
<br />BENEFICIARY (Lender):
<br />PLATTE VAllEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />810 Allen Drive
<br />Grand Island, Nebraska 68803
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />
<br />Lot One (1), Cent~ Hills Second Subdivision, the Village of Cairo, Hall County, Nebraska
<br />
<br />The property is located in Hall County at 211 Centrua Hills Drive, Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone
<br />time will not exceed $160,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. The term "Secured Debts" includes and this Security Instrument will secure each of the
<br />following:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 311003-100, dated July 19, 2006, from Leighton
<br />E Wiley and Patrick J Schiley (Borrower) to lender, with a loan amount of $160,000.00 and maturing on
<br />May 18, 2007. One or more of the debts secured by this Security Instrument contains a future advance
<br />provision.
<br />B. All Debts. All present and future debts from Leighton E Wiley and Patrick J Schiley to Lender, even if
<br />this Security Instrument is not specifically referenced, or if the future debt is unrelated to or of a different
<br />type than this debt. If more than one person signs this Security Instrument, each agrees that it will secure
<br />debts incurred either individually or with others who may not sign this Security Instrument. Nothing in this
<br />Security Instrument constitutes a commitment to make additional or future loans or advances. Any such
<br />
<br />Leighton E Wiley
<br />Nebraska Deed Of Trust
<br />NE/4XX28424000937100005187019071906Y
<br />
<br />"'1996 Bankers Systems, Inc., St. Cloud, MN ~
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<br />Initials
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