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<br />DEED OF TRUST
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<br />3a. So
<br />
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is August 10, 2007. The parties
<br />and their addresses are:
<br />
<br />TRUSTOR (Grantor):
<br />ALVIN A AVERY
<br />3125 N WEBB RD
<br />GRAND ISLAND, Nebraska 68801
<br />TERESA K AVERY
<br />Husband and Wife
<br />3125 N WEBB RD
<br />GRAND ISLAND, Nebraska 68801
<br />
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Nebraska Corporation
<br />PO BOX 430
<br />KEARNEY, Nebrnska 68848
<br />
<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 />, . 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 />Lot Five (5), Block Three (3) in Normandy Estates to the City of Grand Island, Hall County, Nebraska.
<br />
<br />The property is located in HALL County at 1427 Windsor Rd., GRAND ISLAND, Nebraska 68803.
<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 $93,044.50. 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, dated August 10, 2007, from ALVIN A AVERY
<br />(Borrower) to Lender, with a loan amount of $93,044.50.
<br />B. All Debts. All present and future debts from ALVIN A AVERY to Lender, even if this Security Instrument
<br />is not specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If
<br />more than one person signs this Security Instrument, each agrees that it will secure debts incurred either
<br />individually or with others who may not sign this Security Instrument. Nothing in this Security Instrument
<br />constitutes a commitment to make additional or future loans or advances. Any such commitment must be in
<br />writing. In the event that Lender fails to provide any required notice of the right of rescission, Lender waives
<br />any subsequent security interest in the Grantor's principal dwelling that is created by this Security
<br />Instrument. This Security Instrument will not secure any debt for which a non-possessory, non-purchase
<br />money security interest is created in "household goods" in connection with a "consumer loan," as those
<br />terms are defined by federal law governing unfair and deceptive credit practices. This Security Instrument
<br />will not secure any debt for which a security interest is created in "margin stock" and Lender does not obtain
<br />a "statement of 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 />ALVIN A AVERY
<br />Nebraska Deed Of Trust
<br />NE/4XX28344000005900005586013081007Y
<br />
<br />@1996 Bankers Systems, Inc., St. Cloud. MN ~
<br />
<br />Initials
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