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<br />DEED OF TRUST
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<br />PARTIES: 1 his Deed of Trust is made on ,_ F,c,-,Jl'!j:3I":I F.', ::. '..':.", . among the Grantor. ~idland
<br />__.fuL$e rvJ.~e..~__L~..Cl_~~tra~ ka ,_Corpo rat ion
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<br />("Borrower"), ,The--.!"llrmers _Na_t..io!le1].~ank, ()f Ce!lt:ra). Cit)'
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<br />whose oeXilllImtll address IS _3Z.o,_G.. B.t_L..CeI1tralniJ.-.t:J'-,_M.~J"Li!:k County. Nebraska ("Trustee"). and the Beneficiary,
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<br />---The-.Eal:mer.s Na t i nnal---Bank_9f_CJill.t.ral_I:it,y__ ____._______ ________,_~ , a corporation organized
<br />and existing under the laws of..-----llnite_d_SJ:.ateE_____ whose address is -----.12..o...JL.. St. Central City
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<br />-Hehr.;JHk;J ("Lender").
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<br />CONVEYANCE: For value received. Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real property, of which
<br />Borrower is lawfully seized, described below and all buildings, fixtures. and existing and future improvements thereon and all rights-of-way,
<br />easements, rents. issues, profits, income. tenements, hereditaments. privileges and any appurtenances thereunto belonging (all called
<br />the" property").
<br />PROPERTY ADDRESS: N / A , Nebraska
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<br />LEGAL DESCRIPTION:
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<br />The Northwest Quarter of the Northeast Quarter
<br />(NWl/4NEl/4) and the North Half of the Northwest
<br />Qua~ter (Nl/2NWl/4) of Section Thirty-Five (35),
<br />in Township Ten (10) North, Range Eleven (11)
<br />West of the 6th P.M., Hall County, Nebraska,
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<br />TITLE: Borrower covenants and warrants title to the property. except for
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<br />Hall
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<br />County, Nebraska.
<br />no exceptions
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<br />SECURED DEBT: This deed of trust secures to Lender repayment of the secured debt and the performance of the covenants and agreements
<br />contained in this deed of trust and in any other document Incorporated herein. Secured debt, as used in this deed of trust, includes any
<br />amounts Borrower owes to Lender under thIS deed of trust or under any Instrument secured by this deed of trust, and all modifications,
<br />extensions and renewals thereof.
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<br />[il" Revolving line of credit agreement dated 7-1 9-RR , with initial annual interest rate of 10% %.
<br />All amounts oYVed under this agreement are secured even though all amounts may not yet be advanced. Future advances under
<br />the agreement are contemplated and will be secured to the same extent as if made on the date this deed of trust is executed_
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<br />The above obligation is due and payable on March I, 1993 if not paid earlier.
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<br />The total unpaid balance secured by this deed of trust at anyone time shall not exceed a max.mum principal amount of
<br />One Hundred Fifty Thousand & 00/100 ---------- 00Ilars($150,OOO.00 -------------),plusinterest,
<br />plus any amounts disbursed under the terms of this deed of trust to protect the security of this deed of trust or to perform any of the
<br />covenants contained in this deed of trust. with interest on such disbursements.
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<br />KJ Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terms of that obligation.
<br />KJ A copy of the loan agreement containing the terms under which the .nterest rate may vary is attached to this deed of trust and
<br />made a part hereof.
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<br />RIDERS: 0 Commercial :=
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<br />REQUEST FOR NOTICE OF DEFAULT
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<br />It is hereby requested that copies of the notices of default and sale be sent to each person who IS a party hereto, at the address of each such
<br />person, as set forth hereon.
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<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act. designation of homestead = is attached to this deed of trust and made a part
<br />hereof !KJ has been disclaimed; the disclaimer is attached to this deed of trust and made a part hereof.
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<br />SIGNATURES: By signing below, Borrower agrees to the terms and covenants contained in this deed of trust, including those on the reverse
<br />side, and in any riders described above signed by Borrower.
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<br />Midland Ag Service, Inc.
<br />a Nebraska Corporation.
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<br />...-----
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<br />,'N';P7'-' or::
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<br />Roger L. Luebbe,
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA. __ ________ H.MeJ:ri!:..k...
<br />The foregoing instrument was acknowledged before me thiS r'---- 1 roth _ day of
<br />by ___RQg.eI_1LL_J.uclili.e..---.lIe.B.ide.nt__ _~ __
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<br />My commission expires:
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<br />President
<br />County S5.
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<br />Feb:"L.!27"'~1
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<br />on behalf of the corporatIOn or par1ner5hlp
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