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The date of this Deed Of Trust (Security Instrument) is September 6, 2006. The parties <br />and their addresses are: <br />TRUSTOR (Grantor): <br />MATTHEW FARRELL <br />Spouse of Kristin Farrell <br />2008 Prospect St <br />Grand Island, Nebraska 68803 <br />KRISTIN FARRELL <br />Spouse of Matthew Farrell <br />Husband and Wife <br />2008 Prospect St <br />Grand Island, Nebraska 68803 <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 Eleven (11 I, Block Seventeen (171, College Addition to West Lawn, an Addition to the City of Grand Island, <br />Hall County, Nebraska <br /> <br />The property is located in Hall County at 2008 Prospect St, Grand Island, Nebraska 68803. <br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and <br />riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures, and <br />replacements that may now, or at any time in the future, be part of the real estate described (all referred to as <br />Property). This Security Instrument will remain in effect until the Secured Debts and all underlying agreements <br />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 $12,139.50. 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. 297923-50, dated September 6, 2006, from <br />Grantor to Lender, with a loan amount of $12,139.50. <br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security <br />Instrument. <br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in <br />accordance with the terms of the Secured Debts and this Security Instrument. <br />5. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by <br />this Security Instrument and has the right to irrevocably grant, convey and sell the Property to Trustee, in trust, <br />with power oi- sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of <br />. <br />record. (; " <br />6. PRIQ~ ~ECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or <br />othe(lien, document that created a prior security interest or encumbrance on the Property, Grantor agrees: <br />" A. To make aiL payments when due and to perform or comply with all covenants. <br /> <br />~.~ <br />,. " <br /> <br />Matthew Farrell <br />Nebraska Deed Of Trust <br />NE/4XX28366000937100005187022090506Y <br /> <br />@1996 Bankers Systems, Inc" St. Cloud, MN ~ <br /> <br />;;. <br /> <br />Initials <br />Page 1 <br />