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<br />200801965
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<br />Space Above This Line For Recording Data
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<br />DEED OF TRUST
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<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is March 5, 2008. The parties and
<br />their addresses are:
<br />
<br />TRUSTOR (Grantor):
<br />C & I CATTLE COMPANY
<br />A Nebraska Corporation
<br />11225 W LOUP RIVER RD
<br />DANNENBROG, Nebraska 68831
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<br />TRUSTEE:
<br />HENDERSON STATE BANK
<br />a Nebraska Corporation
<br />107 W ONEILL AVE, PO BOX 100
<br />GREELEY, Nebraska 68842-0100
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<br />BENEFICIARY (lender):
<br />HENDERSON STATE BANK
<br />Organized and existing under the laws of Nebraska
<br />107 W. O'Neill Avenue
<br />P.O. Box 100
<br />Greeley, Nebraska 68842
<br />
<br />C AND I CATTLE COMPANY, INC.
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<br />, . 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 NW1/4 of Section 4, Township 12 North, Range 11, West of the 6th P.M., in Hall County, Nebraska,
<br />excepting therefrom the following tract of land: beginning at the Northeast corner of said NW1/4, thence
<br />Southerly along the East line of said NW1/4, a distance of 2,505.65 feet to the Sotheast corner of said NW1 /4
<br />thence Westerly along the South line of said NW1/4, a distance of 1,738.23 feet; thence deflecting right 90
<br />degrees 30'50" and running Northerly, a distance of 2,525.8 feet, to the North line of said NW1/4, thence
<br />Easterly along the North line of said NW1 /4, a distance of 1,738.23 feet, to the place of beginning.
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<br />The property is located in Hall County at LOUP RIVER RD, DANNENBROG, Nebraska 68831.
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<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 lall 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.
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<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone
<br />time will not exceed $400,000.00. 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 />
<br />3. SECURED DEBTS. The term "Secured Debts" includes and this Security Instrument will secure each of the
<br />following:
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<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 70195.00870964, dated March 5, 2008, from C
<br />
<br />C & I CATTLE COMPANY
<br />Nebraska Deed Of Trust
<br />NE/4XXXXXARM70195.00005993012030508Y
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<br />@1996 Bankers Systems, Inc., St. Cloud. MN ~
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