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<br />
<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />
<br />__ .1
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />[J Construction Security Agreement
<br />o Master form recorded by.............................
<br />. Q.A'tE<AMLPAlITlES..~~oL~""~!J~~curitv. 'n~lnl~Ql:) is ..............,... P.&.J.t?QQ7..................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: .
<br />
<br />;2./-00
<br />
<br />TRUSTOR:
<br />
<br />GARY G. PIEl AND PEGGY M. PIEL, HUSBAND AND WIFE
<br />2226 COCHIN STREET
<br />GRANO ISLAND, NE 68801
<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 />518 N EDDY
<br />GRANO ISLAND, NE 68801
<br />
<br />BENEFICIARY:
<br />
<br />BANK OF OONIPHAN
<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 performance under this Security lnstmment, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in tmst for the benefit of Beneficiary. with power of sale, the following described
<br />property: ALL OF LOT THIRTEEN (13) ANO A PART OF LOT FOURTEEN (14) IN THE RE.SUBDlVISIDN OF BLOCK FOUR (4), SECOND ADDITION TO HOLCOMB'S
<br />HIGHWAY HOMES SUBDIVISION,IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, THAT PART OF SAID LOT 14, BEING MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS: BEGINNING AT THE IRON STAKE WHICH MARKS THE COMMON CORNER OF COCHIN STREET OF LOTS 13 AND 14, THENCE IN A
<br />SoUTHWESTERLY DIRECTioN ALONG THE COMMON LINE BETWEEN SAID LOTS TO A STAKE WHICH MARKS THE COMMON CORNER OF LOTS 13, 14,16,2 AND
<br />3; THENCE IN A NORTHEASTERLY DIRECTION TO A POINT WHICH WOULD BE 95.0 FEET SOUTHWESTERLY ALONG THE COMMON LINE BETWEEN LOTS 13, 14,
<br />AND 20 FEET NORTHWESTERLY AT RIGHT ANGLES TO SAID LOT LINE; THENCE NORTHEASTERLY A DISTANCE OF APPROXIMATELY 95.0 FEET ON A LINE
<br />PARALLEL WITH SAID COMMON LINE BETWEEN SAID LOTS 13 AND 14 TO A POINT WHERE SAID LINE INTERSECTS WITH COCHIN STREET; THENCE
<br />SOUTHEASTERLY ALONG THE CURVED LINE SEPARATING SAID LOT 14 AND COCHIN STREET, A DISTANCE OF APPROXIMATETLY 20.0 FEET TO THE PLACE OF
<br />BEGINNING.
<br />
<br />The property is located in ............................... Him. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. at ?~~~ .Gg~.~I.~ .~1~~.E.1. . . . . . . . . . . . . . .
<br /> . . . . . . . . . .
<br />(County)
<br />. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ., .................. .G!lANO.l~lMJ.Q. . . . . . . . . . . . . .
<br /> . . . ., Nebraska ........ .QQ~P.1. . . . . . . . .
<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-lfflt! -ml--ex:isting-and-ft:mIre-imprtwemeHtSi~1>truCtHre!t, ftMliFeS, aoo rl:lp~-thatmay .'.~ ~,-,
<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 $ ~~,D7.~.~.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, modifications or substitutions. (lVhen referencing the debts below it is
<br />suggested that you include items such as borrowers' names. note amounts, interest rates, maturi~y dates, etc.)
<br />
<br />Bank of Doniphan Note #37936 in the amount of $35,070.50 with a maturity
<br />date of 08-15-2012, plus any renewals or extensions thereof
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE)
<br />
<br />(page 1 of 4)
<br />
<br />~ @ 1994 Bankers Systems, Inc.. St. Clnud. MN Form RE-DT.NE 113012002
<br />
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