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<br />State of Nebraska Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause) -2 (), So
<br />D Construction Security Agreement
<br />D Master form recorded by.............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .................. P.UH.QQ7....... . .. . .. . . . . .
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR:
<br />
<br />WILLIAM CARSTENS AND CHERYL A. CARSTENS, HUSBAND AND WIFE, JTWROS
<br />1109 HALL COURT
<br />GRAND ISLAND, NE 68801
<br />
<br />D 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 />PO 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 performance 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 25, FONNER VIEW SECOND SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />The property is located in ............................... H4~~. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. at ) .1.q~ .~~~k ~P.~~r. . . . . . . . . . . . . . . . .
<br /> . . . . . . . . . . . .
<br />(County)
<br />
<br />,. . . ........ .... . . . ......... . ..... .. . ............... . ...... ., .................. .GI;lAfIID.I.~l4I'l.O.. . . ......... . . . . ., Nebraska ........ .~Q~P.1. . . .. ...
<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 future improvements, structures, fixnlfes, 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 $ 3:4J:4.~.~.Q......................................... . This limitation of amount does not include interest and other tees
<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. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />BANK OF DONIPHAN NOTE #37931 IN THE AMOUNT OF 34,145.50 WITH A MATURITY DATE OF 08.15.2012, PLUS ANY RENEWALS OR EXTENSIONS
<br />THEREOF
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA. FHLMC, FHA OR VA USE)
<br />
<br />~ @1994 Bankers Systems. Inc., St. Cloud, MN Form RE.DT.NE 1/30/2002
<br />
<br />(page 1 of 4)
<br />
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