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<br />":D <br />~ <br />~' <br />"" <br />1> <br />Ii <br />(", <br />~ <br />m <br /> <br />j <br />< <br />!" <br /> <br /> .~ <br /> ~ () 9 c:::> au) C)'~' <br /> '""-::> o --I <br /> ~ eX> <br /> ." ::~. c:~ NiTl <br /> c: fA -..... Z -l <br /> n :t ....... <br />n Z ~ ~' -0 -i,rn c:> :0 <br />~ C '" ~- ::::0 -<0 oIg <br />:J: ~ 0""" <br />rn CD> <br />n en ~ """z <br />,..;; :::z: '"T1 ~ ::r.:m en <br /> 0- <br /> 0 J;>OJ :z <br /> rn :D r::D N~ <br /> rT1 ~ :::3 r :t>- <br /> o (f) -J~ <br /> r..n ~ :;:00<; <br /> r--> l> ~E:: <br /> c...:> -......... m <br /> 0) (fl --J~ <br /> {Jj :z <br /> 0 <br /> <br /> <br />N <br />is <br />is <br />CO <br />is <br />N <br />""" <br />..... <br />""" <br /> <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 <br />