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<br />
<br />DEED OF TRUST
<br />
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is September 7, 2007. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />JOHN J lANTZ
<br />3020 Avon Ave
<br />Grand Island, Nebraska 68801
<br />DEBRA J lANTZ
<br />Husband and Wife
<br />3020 Avon Ave
<br />Grand Island, Nebraska 68803
<br />
<br />TRUSTEE:
<br />PlA TTE V AllEY STATE BANK & TRUST COMPANY
<br />a Nebraska Corporation
<br />PO BOX 430
<br />KEARNEY, Nebraska 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 />1. SMAll BUSINESS ADMINISTRATION. The Secured Debts secured by this lien were made under a United
<br />States Small Business Administration (SBA) nationwide program which uses tax dollars to assist small business
<br />owners. If the United States is seeking to enforce this Security Instrument, then under SBA regulations:
<br />A. When SBA is the holder of the Note, this Security Instrument and all documents evidencing or securing
<br />the Secured Debts will be construed in accordance with federal law.
<br />B. Lender or SBA may use local or state procedures for purposes such as filing papers, recording documents,
<br />giving notice, foreclosing liens, and other purposes. By using these procedures, SBA does not waive any
<br />federal immunity from local or state control, penalty, tax or liability. No Borrower or Guarantor may claim or
<br />assert against SBA any local or state law to deny any obligation of Borrower, or defeat any claim of SBA
<br />with respect to the Secured Debts.
<br />Any clause in this Security Instrument requiring arbitration is not enforceable when SBA is the holder of the
<br />Note secured by this Security Instrument.
<br />2. 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 />The Northerly 66 feet of the Westerly 148.5 feet of Lot Eleven (11), Vantine's Subdivision in the City of Grand
<br />Island, Hall County, Neabraska. Excepting certain tracts of land deeded to the City of Grand Island more
<br />particularly described in Book 164, Page 21 and as Document No. 82-000825
<br />
<br />The property is located in Hall County at 1103 S. Locust Street, 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 />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone
<br />time will not exceed $100,000.00. 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 />4. SECURED DEBTS. The term "Secured Debts" includes and this Security Instrument will secure each of the
<br />following:
<br />
<br />Concrete Critters
<br />Nebraska Deed Of Trust
<br />NE/4XX28424000005900005586017090707Y
<br />
<br />@1996 Bankers Systems, Inc" St. Cloud, MN ~
<br />
<br />Initials
<br />Page 1
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