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<br />State of Nebraska Space Above 'I'hlS Line For Recording Data
<br />REAL ESTATE DEED OF TRUST 3550
<br />(With Future Adv8ilce Clause)
<br />o Construction Security Agreement
<br />
<br />1. DATE AND PARTIES. The date of this Deed of Trust is .~~~.~.~.~....~.~.~..??9.~.~.. and the parties and their
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<br />o Refer to' the AddendU'ltl which is attached and incorporated herein for additional Trustors.
<br />
<br />TRUSTEE:
<br />
<br />ARCHER COOPERATIVE CREDIT UNTON
<br />2121 ARCHER ROAD
<br />ARCHER, NEBRASKA 68816
<br />
<br />BENEFICIARY:
<br />
<br />ARCHER COOPERATIVE CREDIT UNION
<br />2121 ARCHER ROAD
<br />ARCHER, NEB8ASKA 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.II 'WHI<I:H IS ATTACHED HERETO:\ AND INCORPORATED HEREIN
<br />BY THIS REFERENCE
<br />
<br />The property is located in ............tl.~.11..................................................................... at ........l.f5.l.l....sQllT.H...1.rN~O.L.N
<br />(County)
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<br />... ... ..... ................ ............. ........... .............. ...... ...... q.~~).'iP'... !.~.~~~~................. .... .......... Nebraska ... .....?.~.~.~.~....... ...........
<br />(AddreSll) (City) (ZIP Code)
<br />
<br />Together with all rights. easements, appu,rtenances, 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 $ 30o..,.O.O.o...Oo.~.t\.t\.t<:.~..~.~ . 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 no.t 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 aU or part may no.t 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 />extensio.ns, 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. AND ANY FUTURE PROMISSORY NOTES EXTENDED
<br />TO SHAFER PROPERTIES LLC, EXECUTED BY JOEL B. SHAFER, MANAGING MEMBER
<br />, ';,. "I. ~'~'..\ ,'.; ~\
<br />
<br />NEBRASKA. AGRICUL TURAUCOMMERCIAL DEED OF TRUST (No.T Fo.R FNM-;."HLMC, FHA o.R VA USE, AND No.T Fo.R Co.NSUMER ~)
<br />C lAgS Bankers Svstems. Inch SI. Cloud. MN (1-800-397-2341) Form AGIC()"DT-NE 10130197 \141 ~
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