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<br />200700581
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />o Master form recorded by.............................
<br />L DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ..................P.1:P.2:7.QQr.................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: -
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<br />State of Nebraska
<br />
<br />en
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<br />Space Above This Line .For Recording Data
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<br />
<br />.........
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<br />20, .fP
<br />
<br />TRUSTOR:
<br />
<br />GENE K. GANGWISH AND CAROL J. GANGWISH, HUSBAND AND WIFE, AS JT DEBTORS
<br />571 S. FRONT ST.
<br />HARRISBURG, PA 17104
<br />
<br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTDE:
<br />
<br />FIRST NATIONAL BANK NORTHEAST
<br />PO BOX 9,440 MAIN ST.
<br />LYONS, NE 68038
<br />
<br />BENEFICIARY:
<br />
<br />FIRST NATIONAL BANK NORTHEAST. LYONS
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE UNITED STATES OF AMERICA
<br />440 MAIN STREET
<br />PO BOX 9 LYONS, NE 68038
<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: THE NORTHEAST QUARTER (NE1I41 OF SECTION TWENTY (201, TOWNSHIP NINE (91 NORTH, RANGE TWELVE 112), WEST OF THE 6TH P.M., HALL
<br />COUNTY,NEBRASKA
<br />
<br />The property is located in ............................... Hm.. . . . . . . . . . . . . . . . . .. . . . ... ... ... at ~.~~~.L. ~A~~ ~.QYNF. . . . . . . . . . . . . . . . . ... .. .
<br /> . . .
<br />(County)
<br />
<br />. . . . . . . . . . . .. . . . . . . . . . . . . . . .. . . . . . . . . . . . . ... .. . .. . . . ... . . . . ., ..................................................., Nebraska .......................
<br />(Address) (City) (ZIP Code)
<br />
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<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 LIMIT. The total principal amount secured by this Security Instrument at anyone time shall
<br />not exceed $ ~P.Q,P.QO..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 tenns of this Security Instrument to protect Beneficiary's security and to perfonn any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The teml "Secured Debt" is defined as follows:
<br />A. Debt incurred under the temlS of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modificatioJls 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 />A LOAN DATED 1.2.07 IN THE AMOUNT OF $250,000; A LOAN DATED 1.2-07 IN THE AMOUNT OF $50,000.00 AND ANY OTHER LQAN CITING THIS DEED
<br />OF TRUST
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />
<br />(page 1 of 4)
<br />
<br />Ex{5e~ @1994 Banke" Systems, Ino.. St. Cloud. MN Form RE-DT-NE 1/30/2002
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