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<br />
<br />State of Nebraska
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<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />00 Construction Security Agreement
<br />o Master form recorded by.............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ..................P.~.P.5).Qq9..................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR:
<br />
<br />BRANDEN B. LEFFLER AND LYNNE M. LEFFLER. HUSBAND AND WIFE
<br />1688 S BLUFF CENTER ROAD
<br />SHELTON, TN 68876
<br />
<br />o If checked, refer to tbe attacbed 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:
<br />
<br />FIRST STATE BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />119 C STREET
<br />P-o BOX 639 SHELTON, NE 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: A TRACT OF LAND CONSISTING OF PART OF THE SOUTHEAST (SE Yo) OF SECTION TWENTY (201, TOWNSHIP ELEVEN (11) NORTH, RANGE
<br />TWELVE (12) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST
<br />CORNER OF SAID SE 1/4, SAID POINT OF BEING THE POINT OF BEGINNING; THENCE ON AN ASSUMED BEARING OF N89' 22'04"W UPON AND ALONG THE
<br />SOUTH LINE OF SAID. SE YoA DISTANCE OF 33.00 FEET TO THE WEST RIGHT OF WAY (R.O.W.) LINE OF BLUFF CENTER ROAD; THENCE CONTINUING N
<br />8~2'04"W UPON AND ALONG SAID SOUTH LINE A DISTANCE OF 357.57 FEET; THENCE No~30'57"W A DISTANCE OF 413.18 FEET; THENCE N02\2T41 "E A
<br />DISTANCE OF 697.07 FEET; THENCE N90flOO'00"E A DISTANCE OF 345.75 FEET TO SAIDWEST R.0.w. LINE; THENCE CONTINUING N9o'i.OO'00"E A DISTANCE
<br />C>
<br />OF 33.00 FEET TO THE EAST LINE OF SAID SE Yo; THENCE SOOloO'ooNE UPON AND ALONG SAID EAST LINE A DISTANCE OF 1113.52 FEET TO THE POINT OF
<br />BEGINNING.
<br />
<br />The property is located in ...............................H.m................................ at .1.6.~~.~.~~~ff.9~~.W~.~P.~~...................
<br />
<br />(County)
<br />
<br />.. . . . . . . . .. .. . . .. . . . . . . . . . . . . . . . . . . . .. ... . . . . .. . . . . . . . . . . . . ., ..................... S.IiE~r.QIlI. . ... . . .. .. . ...... ..., Nebraska
<br /> ........ .Q~~7.6.. . . .. . . .
<br />(Address) (City) (ZIP Code)
<br />
<br />Together with all rights, easements, appurtenances, royalties, miueral rights, oil amI gas rights, all water aud ripariau
<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 LlMIT. The total principal amount secured by this Security Instrument at anyone time shall
<br />not exceed $ )li.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. Deht incurred under 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 />CONSTRUCTION LINE OF CREDIT WITH A MAXIMUM OF $107,000.00 TO BRANDEN B. LEFFLER AND LYNNE M. LEFFLER WITH MONTHLY INTEREST
<br />PAYMENTS. DEED OF TRUST WILL HAVE FUTURE ADVANCES TO $150,000.00
<br />
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<br />
<br />"
<br />
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<br />
<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />
<br />~ @1994 Bankors Syst.ms, Ino.. St. Cloud. MN Form RE-DT-NE 1130/2002
<br />
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