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<br />DRI Title & Escrow
<br />12000 I Street #20-1 00
<br />Omaha, NE 68137
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<br />I DEED OF TRUST I
<br />
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<br />D IF BOX IS CHECKED, THIS DEED OF TRUST IS OPEN-END AND SECURES FUTURE ADVANCES.
<br />
<br />THIS DEED OF TRUST is made this 23RD day of OCTOBER
<br />DAMON M. SHADA AND STACY J. SHADA, HUSBAND AND WIFE
<br />
<br />,20
<br />
<br />05
<br />
<br />,among the Grantor,
<br />
<br />(herein "Borrower"),T I COR TITLE I NSURANCE COMPANY OF FLORO I A
<br />"Trustee") and the Beneficiary, BENEF I C I AL NEBRASKA I NC,
<br />a corporation organized and existing under the law of NEBRASKA
<br />1004 DIERS AVENUE, WESTGATE CTR-SUITE 216, GRANO ISLAND, NE 58803
<br />
<br />(herein "Lender"),
<br />
<br />(herein
<br />
<br />whose address is
<br />
<br />The following paragraph preceded by a checked box is applicable.
<br />
<br />!Xl WHEREAS, Borrower is indebted to Lender in the principal sum of $ 195,530.88
<br />~enced by Borrower's Loan Agreement dated OCTOBER 23, 2006 and any extensions or renewals thereof
<br />including those pursuant to any Renegotiable Rate Agreement (herein "Note"), providing for monthly installments of
<br />principal and interest, including any adjustments to the amount of payments or the contract rate if that rate is variable,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on OCTOBER 23, 2036
<br />
<br />D WHEREAS, Borrower is indebted to Lender in the principal sum of $ , or so much thereof
<br />as may be advanced pursuant to Borrower's Revolving LoanAgreement dated and
<br />extensions and renewals thereof (herein "Note"), providing for monthly installments, and interest at the rate and under
<br />the terms specified in the Note,including any adjustments in the interest rate if that rate is variable,and providing for a
<br />credit limit stated in the principal sum above and an initial advance of $
<br />
<br />TO SECURE to Lender the repayment of the indebtedness, including future advances, evidenced by the Note,
<br />with interest thereon at the applicable contract rate (including any adjustments to the amount of payment or the
<br />contract rate if that rate is variable) and other charges; the payment of all other sums, with interest thereon, advance in
<br />accordance herewith to protect the security of this Deed of Trust; and the performance of the convenants and
<br />agreements of Borrower herein contained, Borrower, in consideration of the indebtedness herein recited and the trust
<br />herein created, irrevocably grants and conveys to Trustee, in trust with power of sale, the following described property
<br />located in the County of HA L L State of Nebraska:
<br />
<br />THE FOLLOWING DESCRIBED PREMISES, SITUATED IN HALL COUNTY,
<br />AND STATE OF NEBRASKA, TO WIT:
<br />
<br />LOT TWO (2) OF L-K SECOND SUBDIVISION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA ACCORDING TO THE RECORDED PLAT
<br />THEREOF. TAX MAP OR PARCEL 10 NO.: 400057433
<br />
<br />12-05-05 DOT
<br />
<br />NE001101
<br />
<br />111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111
<br />
<br />*S53521619891DOT8000NE0011010**SHADA
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