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<br />Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />
<br />DATE AND PARTIES. The date of this Deed Of Trust lSecurity Instrument) is October 31, 2006. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />JOHN E. NOWICKI
<br />4127 Norseman Ave
<br />Grand Island, Nebraska 68803
<br />JENNIFER l. NOWICKI
<br />Husband and wife
<br />4127 Norseman Ave.
<br />Grand Island, Nebraska 68803
<br />
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Nebraska Corporation
<br />PO Box 5168
<br />Grand Island, Nebraska 68802
<br />
<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 />A tract of land comprising a part of the Northeast Quarter of the Northeast Quarter (NE 1 /4NE 1/4) of Section
<br />Twenty-One (21), Township Eleven (11) North, Range Nine (9) West of the 6th P.M. City of Grand Island, Hall
<br />County, Nebraska, and more particularly described as follows: Beginning at a point on the north line of
<br />Oklahoma Avenue, where such point intersects with the east line of Greenwich Street, thence running
<br />northwesterly along and upon the east line of Greenwich Street, a distance of one Hundred Forty-Five and Six
<br />Hundredths (145.06) feet; thence running northeasterly a distance One Hundred Twenty One and Thirty-
<br />Seven Hundredths (121.37) feet; thence running southeasterly a distance of One Hulndred Forty -Four and
<br />Seventy-Nine Hundredths (144.79) feet to a point on the north line of Oklahoma Avenue, thence running
<br />southwesterly along and upon the north line of Oklahoma Avenue a distance of One Hundred Twenty-One and
<br />Forty-Three Hundredths (121.43) feet to the point of beginning.
<br />
<br />The property is located in Hall County at 924 W. Oklahoma, Grand Island, Nebraska 68801.
<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 $144,434.74. 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. 243634-100, dated October 31, 2006, from
<br />Rick's Lawn Care Co. (Borrower) to Lender, with a loan amount of $144,434.74.
<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 />
<br />Rick'S Lawn Care Co,
<br />Nebraska D....d Of Tru.t
<br />NE/4XX28424000937100005187013103106Y
<br />
<br />@1996 Bankers Systems, Inc., St. Cloud, MN ~.
<br />
<br />Initials
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