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<br />
<br />DEED OF TRUST
<br />
<br />;2 5.1Jo
<br />
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is May 17, 2007. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />JOYCE A MCALPINE
<br />Spouse of Claude A McAlpine
<br />8401 W Holling Rd
<br />Wood River, Nebraska 68883
<br />CLAUDE A MCALPINE
<br />Spouse of Joyce A McAlpine
<br />Husband and Wife as Joint Tenants
<br />8401 W Holling Rd
<br />Wood River, Nebraska 68883
<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 and 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 Lender, with power of sale, the following
<br />described property:
<br />
<br />A tract of land comprising a part of the West half of the Northeast Quarter of Section 36, Township 10 North,
<br />Range 11 West of the 6th P.M., in Hall County, Nebraska, more particularly described as follows:
<br />
<br />Beginning at a point on the North line of said Section 36, said point being 550.2 feet West of the Northeast
<br />corner of said West half of the Northeast Quarter thence continuing Westerly along said North line of Section
<br />36, a distance of 400.25 feet; thence deflecting left 92 degrees 57 minutes 30 seconds and running Southerly
<br />a distance of 827.07 feet; thence deflecting left 89 degrees 37 minutes 45 seconds and running Easterly a
<br />distance 280.3; thence deflecting left 72 degrees 33 minutes 30 seconds and running Northeasterly a distance
<br />of 203.97 feet; thence deflecting left 12 degrees 28 minutes 45 seconds and running Northerly a distance of
<br />220.5 feet; thence deflecting left 90 degrees 00 minutes and running Westerly a distance of 12.0 feet; thence
<br />deflecting right 90 degrees 00 minutes and running Northerly a distance of 20.0 feet; thence deflecting right 90
<br />degrees 00 minutes and running Easterly a distance of 12.0 feet; thence deflecting left 90 degrees and running
<br />Northerly a distance of 386.3 feet to the place of beginning.
<br />
<br />The property is located in Hall County at 8401 W Holling Rd, Wood River, Nebraska 68883.
<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 and all existing and future improvements, structures, fixtures, and
<br />replacements that may now, or at any time in the future, be part of the real estate described (all referred to as
<br />Property). This Security Instrument will remain in effect until the Secured Debts ami all underlying agreements
<br />have been 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 $11,000.00. 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. 216467 50, dated May 17, 2007, from Grantor
<br />to Lender, with a loan amount of $11,000.00. 11{)~cU ('f - 3
<br />
<br />Joyce A McAlpine
<br />Nebraska Deed Of Trust
<br />NE/4XX28366000005900005586024051707Y
<br />
<br />"'1996 8ankers Systems, Inc., St, Cloud, MN ~
<br />
<br />Initials
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