<br />Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />
<br />1. DATE AND PARTIES. The date of this Deed of Trust is .~~~.~.~......~.~.~..~.~.~.~.~... and the parties and their
<br />addresses are as follows:
<br />
<br /> 4>
<br /> ;:li:)
<br /> r.
<br /> ~.:;::.
<br /> "2 ('7'.
<br /> ofli
<br /> ZJ'
<br />N Q
<br />')
<br />G it?
<br />G
<br />0:> ]V
<br />G ~
<br />N -t
<br />-.....J ~
<br />--"
<br />en ",
<br /> 7iJ
<br /> (it.
<br /> ~
<br />
<br />~
<br />~
<br />n Z
<br />~E~
<br />~:c
<br />
<br />n~
<br />~(I'.l
<br />() :r
<br />"'''
<br />
<br />1'~.....-"
<br />c=
<br /><==>
<br />c:c
<br />
<br />o (I)
<br />0......
<br />c::: ~
<br />z-i
<br />-1m
<br />-<0
<br />o .."
<br />--"z
<br />::::m
<br />l>CO
<br />r ;:0
<br />r )>
<br />(fl
<br />;><;:
<br />)>
<br />............"~
<br />
<br />.>
<br />
<br />>~
<br />~ ~"
<br />~<{-
<br />
<br />'"1'1
<br />o tl~
<br />
<br />~ t
<br />
<br />'I:
<br />-0
<br />:::::c
<br />
<br />l-'J
<br />
<br />t-'
<br />
<br />o
<br />
<br />::D
<br />::3
<br />
<br />t-"
<br />t-"
<br />c.:>
<br />0>
<br />
<br />(n
<br />(n
<br />
<br />i
<br />State of Nebraska
<br />
<br />TRUSTOR:
<br />
<br />SHAFER PROPERTIES LLC
<br />920 NORTH DIERS AVENUE
<br />GRAND ISLAND, NEBRASKA
<br />
<br />68803
<br />
<br />:.~.
<br />~
<br />,00
<br />~
<br />c:>z
<br />~
<br />~
<br />.......;::
<br />cn~
<br />z:
<br />o
<br />. .-l)
<br />$& I ()
<br />
<br />o Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />
<br />TRUSTEE:
<br />
<br />ARCHER COOPERATIVE CREDIT UNION
<br />2121 ARCHER ROAD
<br />ARCHER, NEBRASKA 68816
<br />
<br />BENEFICIARY:
<br />
<br />ARCHER COOPERATIVE CREDIT UNION
<br />2121 ARCHER ROAD
<br />ARCHER, NEBRASKA 68816
<br />
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and
<br />to secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for
<br />the benefit of the Beneficiary, with power of sale, the following described property:
<br />
<br />SEE EXHIBIT "A" WHICH IS ATTACHED HERETO AND INCORPORATED HEREIN
<br />BY THIS REFERENCE
<br />
<br />The property is located in ....R~).)............................................................................. at ...1~.f.7....~..J.~)J....$.~U)j~.~....~.J;l ita
<br />(County)
<br />
<br />:Q1:'.ty.~............ ............... ... .................................., G.r.an.d....ls.l.an.d............................., Nebraska .......68.8.0.1...................
<br />(Address) (City) (ZIP Code)
<br />
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
<br />diversion payments or third party payments made to crop producers, and all existing and future improvements,
<br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described
<br />above (all referred to as "Property"). The term Property also includes, but is not limited to, any and all water wells,
<br />water, ditches, reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights
<br />associated with the Property, however established.
<br />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured
<br />by this Deed of Trust at anyone time shall not exceed $4.0.,.OOO~.O.O:l'i::!<:.t..t..*.!r.!r.* . This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges
<br />validly made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances)
<br />made under the terms of this Deed of Trust to protect Beneficiary's security and to perform any of the covenants
<br />contained in this Deed of Trust. Future advances are contemplated and, along with other future obligations, are
<br />secured by this Deed of Trust even though all or part may not yet be advanced. Nothing in this Deed of Trust,
<br />however, shall constitute a commitment to make additional or future loans or advances in any amount. Any such
<br />commitment would need to be agreed to in a separate writing.
<br />
<br />4. SECURED DEBT DEFlNED. The term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all
<br />extensions, renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it
<br />is suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Promissory Note dated March 28, 2008 executed by Joel B.Shafer, President
<br />of Midwest Muffler & Exhaust, Inc.
<br />
<br />NEBRASKA. AGRICUL TURAUCOMMERCIAL DEED OF TRUST (NOT FOR~Nrv1::H~C, f~~ OR V f LJff, AND NOT FOR CONSUMER y6iJJES)
<br />@ 1993 Bankers Systems, Inc., St. Cloud, MN (1"800-397.2341) Form AGlCQ.DT.NE 10/30197 ,,~ %L
<br />
<br />page 1 of 6
<br />
|