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<br />DEED OF TRUST
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<br />
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is March 30, 2007. The parties and
<br />their addresses are:
<br />
<br />TRUSTOR (Grantor):
<br />DOYLE BENSON
<br />73779 Road 438
<br />Bertrand, Nebraska 68927
<br />CAROL BENSON
<br />husband and wife
<br />73779 Road 438
<br />Bertrand, Nebraska 68927
<br />
<br />TRUSTEE:
<br />PLATTE VAllEY STATE BANK & TRUST COMPANY
<br />a Corporation
<br />PO Box 430
<br />Kearney, Nebraska 68848
<br />
<br />BENEFICIARY (lender):
<br />PLATTE VAllEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />2223 Second Ave.; PO Box 430
<br />Kearney, Nebraska 68848-0430
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance ul1der this S/~curity Instrument, Grantor irrevocably
<br />. - ,_.
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />describea property:
<br />
<br />Lot Two (2), in Hamilton-Kinman Subdivision, in the City of Grand Island, Hall County, Nebraska
<br />
<br />The property is located in Hall County at 1706 S Webb Rd, Grand Island, Nebraska 68801.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock, crops, timber, all diversion payments or third party payments
<br />made to crop producers and all existing and future improvements, structures, fixtures, and replacements that
<br />may now, or at any time in the future, be part of the real estate described (all referred to as Property). This
<br />Security Instrument will remain in effect until the Secured Debts and all underlying agreements have been
<br />terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone
<br />time will not exceed $210,000.00. This limitation of amount does 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 Lender'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 Security Instrument will secure each of the
<br />following:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 217657-'120, dated March 30, 2007, from
<br />Grantor to Lender, with a loan amount of $210,000.00.
<br />B. All Debts. All present and future debts from Grantor to Lender, even if this Security Instrument is not
<br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br />one person signs this Security Instrument, each agrees that it will secure debts incurred either individually or
<br />with others who may not sign this Security Instrument. Nothing in this Security Instrument constitutes a
<br />commitment to make additional or future loans or advances. Any such commitment must be in writing. In
<br />the event that Lender fails to provide any required notice of the right of rescission, Lender waives any
<br />subsequent security interest in the Grantor's principal dwelling that is created by this Security Instrument.
<br />This Security Instrument will not secure any debt for which a non-possessory, non-purchase money security
<br />interest is created in "household goods" in connection with a "consumer loan," as those terms are defined by
<br />federal law governing unfair and deceptive credit practices. This Security Instrument will not secure any
<br />debt for which a security interest is created in "margin stock" and Lender does not obtain a "statement of
<br />purpose," as defined and required by federal law governing securities.
<br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />
<br />Doyle Benson
<br />Nebraska Deed Of Trust
<br />NE/4XX2B322000005900005586011032907Y
<br />
<br />Initials
<br />Page 1
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<br />@1996 Bankers Systams.lnc" St, Cloud, MN ~
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