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<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instru ent) is March 30, 2007. The parties and ~
<br />their addresses are:
<br />
<br />DEED OF TRUST
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<br />TRUSTOR (Grantor):
<br />OSCAR DERIVES
<br />Spouse of Nancy L Erives
<br />2517 Mill River Rd
<br />Grand Island, Nebraska 68801
<br />NANCY L ERIVES
<br />Spouse of Oscar DErives
<br />Husband and Wife
<br />2517 Mill River Rd
<br />Grand Island, Nebraska 68801
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Nebraska Corporation
<br />POBox 51 68
<br />Grand Island, Nebraska 68802
<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 nd 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 L nder, with power of sale, the following
<br />described property:
<br />
<br />The southerly 44 1/2 feet of Lot Five (5), in Block Fifty-five (55), Ori inal Town, now City of Grand Island, Hall
<br />County, Nebraska
<br />
<br />The property is located in Hall County at 120, 122, and 124 West 3r , Grand Island, Nebraska 68801.
<br />Together with all rights, easements, appurtenances, royalties, miner I rights, oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock, crops, timber, all di ersion payments or third party payments
<br />made to crop producers and all existing and future improvements, tructures, fixtures, and replacements that
<br />may now, or at any time in the future, be part of the real estate d scribed (all referred to as Property). This
<br />Security Instrument will remain in effect until the Secured Debts nd all underlying agreements have been
<br />terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secu ed by this Security Instrument at anyone
<br />time will not exceed $67,200.00. This limitation of amount doe 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 Len er'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 ecurity Instrument will secure each of the
<br />following:
<br />A. Specific Debts. The following debts and all extensions, enewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 30 671-106, dated March 3D, 2007, from
<br />Grantor to lender, with a loan amount of $67,200.00.
<br />B. Sums Advanced. All sums advanced and expenses incurred y Lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Sec red Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Ins rument.
<br />5. WARRANTY OF TITLE. Grantor warrants that Grantor is or will b lawfully seized of the estate conveyed by
<br />this Security Instrument and has the right to irrevocably grant, conve and sell the Property to Trustee, in trust,
<br />with power of sale. Grantor also warrants that the Property is un ncumbered, except for encumbrances of
<br />record.
<br />6. PRIOR SECURITY INTERESTS. With regard to any other mortg ge, deed of trust, security agreement or
<br />other lien document that created a prior security interest or encumbra ce on the Property, Grantor agrees:
<br />
<br />
<br />Oscar DErives
<br />Nebraska Deed Of Trust
<br />NE/4XX28424000005900005586016032907Y
<br />
<br />@1996 Bankers Systems, Inc., t. Cloud, MN ~
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<br />Initials
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