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<br />Space Above This Line For Recording Ilata
<br />DEED OF TRUST
<br />
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />fJ Master form recorded by.............................
<br />I. DATE AND PARTIES. The date of this Deed of Truflt (Security Infltrument) is .................. P.~-PJ!-mQ7..... .. .. . .. .. .. ..
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />State of Nebraska
<br />
<br />,20 ,:>0
<br />
<br />TRUSTOR:
<br />
<br />TROY W. ARNOLD AND TRACEY J. ARNOLD, HUSBAND AND WIFE
<br />2362 PLATTE RIVER RD
<br />DONIPHAN, NE 68832
<br />
<br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />BANK OF DONIPHAN
<br />518 N EDDY
<br />GRAND ISLAND, NE 68801
<br />
<br />BENEFICIARY:
<br />
<br />BANK OF DONIPHAN
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />118 W PLUM
<br />DONIPHAN,NE 68832
<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: LOT ONE (11 HILLCREST SUBDIVISION, HALL COUNTY, NEBRASKA
<br />
<br />The property is located in ............................... Him... .. . . . . .... .. . .... . . . . . . . .. . .. at ~.~~? .~~~n~ .~IY.~~ .~Q. . . . . . . .. . . . . . . . . . . . ..
<br /> . .
<br />(County)
<br />
<br />. ... . . . . . ..... ......... . . . . . . ... . . . . . . . . . .... .... .. . . . . . . . . ., .................... .ODNWI-JAN . . . .. . . . . . . . .... . . . ., Nebraska ........
<br /> .~~~~.2. . . . . . . . .
<br />(Address) (City) (ZIP Code)
<br />
<br />Together with all rights, eascmcnts, appurtenanccs. royalties, mineral rights, oil and gas rights. all watcr and riparian
<br />rights, ditches, and water stock and all existing and future improvements, structUft.'S, 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 $ ~MP.Q.P.Q......................................... . 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. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of debt descrihed
<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 amollnts, interest rates, maturity dates, ete.)
<br />BANK OF DONIPHAN LOAN DATED 2-9-07; AND ANY EXTENSIONS, MODIFICATIONS OR RENEWALS THEREOF
<br />
<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE)
<br />
<br />(page 1 of 4)
<br />
<br />~~ @1994 Bankers Systems. Inc.. St. Cloud. MN Form RE-OT-NF 1/30/)00?
<br />
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