<br />Space Above This Line For Recording Data
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<br />DEED OF TRUST ;;?,c, 50
<br />(With Future Advance Clause)
<br />IX] Construction Security Agreement
<br />o Master form recorded hy .............................
<br />1. DATE AND PARTIES. The-date or-this Dee-dof Trusr-(Security-Instrument) is .-Q3.bl;l;1.2.0.Qa...;...-.~...................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
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<br />State of Nebraska
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<br />TRUSTOR:
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<br />BLAUHORN FARM, INC
<br />
<br />686 U ROAD
<br />PALMER NE 68864
<br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />ARCHER COOPERATIVE CREDIT UNION
<br />2121 ARCHER ROAD
<br />ARCHER, NE 68816
<br />
<br />BENEFICIAR Y:
<br />ARCHER COOPERATIVE CREDIT UNION
<br />2121 ARCHER ROAD
<br />ARCMER-,--NE---68816-
<br />
<br />2. CONVEY ANCE. 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:
<br />
<br />LOT 4, WOODLAND PARK SIXTH SUBDIVISION IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEB~ASKA.
<br />
<br />The property is located in ................... ~ ~!: ~. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .. at ..............................................
<br />(County)
<br />.. ~.~ ~9.. 'y.~.~~q~.~. ..~.Y~........................., .................~ ~A !'fJ?. X~.~A N!.?........, Nebraska .l?? ~Q.~............
<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 $ .1.4Q ,.0.0.0 .'. 0.0................................. . 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 />
<br />PROMISSORY NOTE DATED 03/01/2008 SHOWING BLAUHORN FARM AS
<br />BORROWERS IN THE AMOUNT OF $140,000.00. NOTE MATURITY DATE
<br />OF 02/05/2009
<br />
<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE)
<br />~ C" 1994 Bank'e,s Systems, Inc" St. Cloud, MN Form RE-DT.NE 1/30/2002
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