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The date of this Deed Of Trust (Security Instrument) IS September 20, 2005. <br />parties and their addresses are: <br /> <br />TRUSTOR (Grantor): <br />DOUGLAS M GALVAN <br />Spouse of Carrie J Galvan <br />311 3 Midway Rd <br />Grand Island, Nebraska 68803 <br />CARRIE J GALVAN <br />Spouse of Douglas M Galvan <br />Husband and Wife <br />3113 Midway Rd <br />Grand Island, Nebraska 68803 <br /> <br />TRUSTEE: <br />PLATTE VALLEY STATE BANK & TRUST COMPANY <br />a Corporation <br />2223 Second Ave <br />PO Box 430 <br />Kearney, Nebraska 68848-0430 <br /> <br />BENEFICIARY (Lender): <br />PLATTE VALLEY STATE BANK & TRUST COMPANY <br />Organized and existing under the laws of Nebraska <br />810 Allen Drive <br />Grand Island, Nebraska 68803 <br />TIN: 47-0343902 <br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, <br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably <br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following <br />described property: <br /> <br />Lot One (1), Walters Subdivision, in the City of Grand Island, Hall County, Nebraska <br /> <br />The property is located in Hall County at 4050 Cannon Rd, Grand Island, Nebraska 68803. <br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and <br />riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures, and <br />replacements that may now, or at any time in the future, be part of the real estate described (all referred to as <br />Property). This Security Instrument will remain in effect until the Secured Debts and all underlying agreements <br />have been terminated in writing by Lender. <br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone <br />time will not exceed $120,000.00. This limitation of amount does not include interest and other fees and <br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances <br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the <br />covenants contained in this Security Instrument. <br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts: <br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and <br />replacements. A promissory note or other agreement, No. 303655-50, dated September 20, 2005, from <br />Grantor to Lender, with a loan amount of $120,000.00. One or more of the debts secured by this Security <br />Instrument contains a future advance provision. <br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security <br />Instrument. <br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in <br />accordance with the terms of the Secured Debts and this Security Instrument. <br />5. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by <br />this Security Instrument and has the right to irrevocably grant, convey and sell the Property to Trustee, in trust, <br />with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of <br />record. <br /> <br />The <br /> <br />Douglas M Galvan <br />Nebraska Deed Of Trust <br />NE/4XX28333000815100004558029092005Y <br /> <br />@1996 Bankers Systems, Inc" St. Cloud, MN ~ <br /> <br />Initials <br />Page 1 <br />