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<br />Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With }~uture Advance Clause)
<br />D Construction Security Agreement
<br />o Ma~ter form recorded by.............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust is 0.5./ 30./.2.0 Q 7............................... and the parties and their
<br />addresses are as follows:
<br />
<br />State of Nebraska
<br />
<br />30. .ra
<br />
<br />TRUSTOR:
<br />SHAFER PROPERTIES LLC/
<br />
<br />920 DIERS AVE.
<br />GRAND ISLAND NE 68803-0000
<br />
<br />o Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />
<br />TRUSTEE:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816
<br />
<br />BENEFICIARY:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the
<br />benefit of the Beneficiary, with power of sale, the following described property:
<br />LOT (1), DOWD SUBDIVISION, IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />
<br />The property is located in HALL ............................................................... at ............................................
<br />(County)
<br />
<br />U;3.;;.. ,SQUrJ:I.. JiQC.V.s:r:..........................., GRAND.. .ISIJ;>,ND........................, Nebraska........ .6SaOl...............
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
<br />diversion payments or third party payments made to crop producers, and all existing and future improvements, structures,
<br />fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all
<br />referred to as "Property"). The term Property also includes, but is not limited to, any and all water wells, water, ditches,
<br />reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property,
<br />however established.
<br />
<br />3. MAXIMUM OBLIGATION LIMIT. The total princ~al amount of the Secured Debt (hereafter defined) sccured by this
<br />Deed of Trust at anyone time shall not exceed $ ...}.. r.9.9R ... 9.9.. .. .. .. .. .. .. .. .. .. .. .. .. .... . This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fecs ond other charges validly
<br />made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances) made under the
<br />terms of this Deed of Trust to protect Beneticiary security and to perform any of the covenants contained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this Deed of Trust even
<br />though all or part may not yet be advanced. Nothing in this Deed of Trust, however, shall constitute a commitment to
<br />make additional or future loans or advances in any amount. Any such commitment would need to be agreed to in a separate
<br />writing.
<br />
<br />4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all extensions,
<br />rencwals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it is suggested that
<br />you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />PROMISSORY NOTE SHOWING
<br />AS BORROWERS IN THE AMOUNT OF 150,000.00. NOTE MATURITY OF
<br />April 15, 2021.
<br />
<br />NEBRASKA" AGRICUL TURALlCOMMERCIAL DEED OF TRUST (NOT FOR FNMA. FHlMC. FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) ~
<br />E~ @ 1993 Bankers Systems. Inc., St. Cloud, MN Form AG/CQ-DT-NE 1/30/2002 ~
<br />
<br />page 7 of 6
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