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<br /> State of Nebraska Space Above This Line For RecordIng Data
<br />
<br />
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause) ;( 5. 50
<br />o Construction Security Agreement
<br />o Master form recorded by.............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrumelll) is .................. P.~'P.1:7.QQ7... . . . ............
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR:
<br />
<br />CHAD J. GIDEON, A SINGLE PERSON
<br />11147 SOUTH 150TH ROAD
<br />WOOD RIVER, NE 68883
<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 />FIRST STATE BANK
<br />119 C STREET, POBOX 639
<br />SHELTON,NE 68876
<br />
<br />BENEFICIARY:
<br />
<br />FIRST STATE BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />119 C STREET
<br />POBOX 639 SHELTON, NE 68876
<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: SEE EXHIBIT MAM
<br />
<br />The property is located in ........... ............... .~....... ..................... ...... at ~H... ..................... ....... ............
<br />(County)
<br />
<br />...... .. . ......... ............ ........ . . .. ........... . . ....., ..................... PHOS.~E8....................., Nebraska ........ .~ij~~~. . ... . ...
<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, fixtures, 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 $ J ;2.Q,P.QQ,QQ.. . .. .. .. .... . .. .. .. .. .. .. .. .. .. .. .. .... . 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. (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 />PROMISSORY NOTES DATED AUGUST 1,2007, TO CHAD J. GIDEON IN THE ORIGINAL AMOUNT OF $96,000.00 AND $24,000.000
<br />
<br />NEBRASKA - DEED OF TRUST INOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~ @1994 Bonk... Systems, Inc" St. Cloud. MN Form RE-DT-NE 1130/2002
<br />
<br />(page 1 of 4)
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