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<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
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<br />DEED OF TRUST
<br />
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />o Master form recorded by .............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ..."..............1.2:.1.1:;2.QQL................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR:
<br />
<br />DARRELL B. PITTMAN AND MICHELE L. PITTMAN, HUSBAND AND WIFE
<br />415 W 8TH STREET
<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 perfoffilance 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: LOTS SIX (6), SEVEN (71, EIGHT (81, NINE (9) AND THE EAST EIGHTEEN (181 FEET OF LOT TEN (10), IN BLOCK THREE (3), IN CLARK'S ADDITION TO
<br />THE VILLAGE OF WOOD RIVER, HALL COUNTY, NEBRASKA
<br />
<br />The property is located in ....,.......................... H4LL................................ at ~.1.~ w.~m ~):~~!T...........................
<br />(County)
<br />
<br />....... . . . ...... . . . . . . . . . . . .................. . . . . . . . . . . . .. . ., ................... .w.QOU RIVER.................. ., Nebraska ........ .Q~~~.3.. . .. ...
<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, 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 $ 715,OP.Q.P.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 perfonn any of the covenanlS contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The tenn "Secured Debt" is defined as follows:
<br />A. Debt incurred under the tenns 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 NOTE TO DARRELL B. PITTMAN AND MICHELE L. PITTMAN FOR AN ORIGINAL PRINCIPAL AMOUNT OF $60,000
<br />
<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA. FHLMC, FHA OR VA USE)
<br />~ @1994S.nke,.Systems, Ino" St, Cloud. MN Form RE-DT-NE 1/30/2002
<br />
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<br />(page 1 of 4J
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