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<br /> State of Nebraska Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />
<br />(With Future Advance Clause)
<br />rxJ Construction Security Agreement
<br />o Master form recorded by .............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ..................p.~.pn.QQ7..................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />;0
<br />1,0'
<br />
<br />TRUSTOR:
<br />
<br />MARVIN W. KRUSE, A SINGLE PERSON
<br />804 W 13TH ST
<br />GRAND ISLAND, NE 68803
<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 />P.O. BOX 270
<br />DONIPHAN, NE 68832
<br />
<br />BENEFICIARY:
<br />
<br />BANK OF DONIPHAN
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />POBOX 270
<br />DONIPHAN, NE 68832.0270
<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 perfonnance 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 10, IN BLOCK 121N GILBERT'S SECOND ADDITION TO THE CITY OF GRANO ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />The property is located in ............................... H~~~................................ at ~.0.4 Yf.1~r.~ ~.1...............................
<br />(County)
<br />
<br />.. . . .......... . . . . . . . ..... . . ....... .. . . . . ..... . .... . . . . . ...., .................. .G(lAND.I.~~~NO. . . . . . . . . ...... . .., Nebraska ........ .Q~~P~. .
<br /> ... . . .
<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 fulure 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 $ Ht~P.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 described
<br />below and all their extensions, renewals, modificalions or substitutions. (When referencing the debts be/ow it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />BOD LOAN DATED 5.2.07 AND ANY EXTENSIONS, MODIFICATIONS, OR RENEWALS THEREOF
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USEI
<br />
<br />(page 1 of 4J
<br />
<br />~ @t994BankersSystems,lnc., St. Cloud, MN Form RE-DT-NE t/301?002
<br />
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