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<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 .~~~.~.~.....?~.~..~.9.9.~.:... and the parties and their
<br />addresses are as follows:
<br />
<br />r,
<br />r<
<br />Cl
<br />:.r
<br />~
<br />Z
<br />
<br />~tate of Nebraska
<br />
<br />35.50
<br />
<br />TRUSTOR:
<br />SHAFER PROPERTIES LLC
<br />819 NORTH DIERS AVENUE
<br />GRAND ISLAND, NEBRASKA
<br />
<br />68803
<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 ........Bal.l........................................................................ at ....121...K.A.UEMAN..Ail.ENI1E....
<br />(Collnty)
<br />
<br />............................................................................, ,...GRAND... .I.SLAND........................, ., Nebraska ........, .Q.a .a.Q 1. ..............
<br />(Address) (City) (Z1P 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 />b thO D d f T t t ti' h 11 t d $ 1 50 000 00* * * * * * * Thi li 't t' f t d
<br />Y IS ee 0 rus a anyone me s a no excee .........t...........~..........,;><...<<...<.,.....,. s nu a IOn 0 amoun oes
<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 DEFINED. 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 sueh as borrowers' names, note amounts, interest rates, maturity dates, ete.)
<br />
<br />PROMISSORY NOTE DATED MARCH 28,2008 EXECUTED BY JOEL B. SHAFER, PRESIDENT
<br />OF MIDWEST MUFFLER & EXHAUST, INC. AND ANY FUTURE PROMISSORY NOTES
<br />EXTENDED TO SHAFER PROPERTIES LLC EXECUTED BY JOEL B. SHAFER MANAGING
<br />
<br />MEMBER OF SHAFER PROPERTIES LLC ~
<br />NEBRASKA" AGRICULTURAUCOMMERCIAL DEED OF TRUST (N0T FO~'FNM::HlMd. F~ OR VA USE, AND NOT FOR CONSUMER RP S)
<br />
<br />@ 1993 Bankers Systems, Inc., St. Cloud, MN (1.800.397-2341) Form AGlCO-DT-NE 10130/97 ,,~ .
<br />
<br />page 10'6
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