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<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />
<br />C. 30 ,So
<br />
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is September 30, 2005. The
<br />parties and their addresses are:
<br />
<br />TRUSTOR (Grantor):
<br />lAWRENCE J lEVERING
<br />Spouse of Sarah llevering
<br />650 7th Ave
<br />St. Libory, Nebraska 68872
<br />SARAH l lEVERING
<br />A/K/A Sarah Lynn levering
<br />Spouse of Lawrence J levering
<br />650 7th Ave
<br />St. Libory, Nebraska 68872
<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 Three (3), Pulte Second Subdivision, Hall County, Nebraska
<br />
<br />The property is located in Hall County at 3551 N US Hwy 281, Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements 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 $195,000.00. 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. 303668-101, dated September 30, 2005, from
<br />Grone's Outdoor Power, Inc., Lawrence J Levering and Sarah l Levering (Borrower) to Lender, with a loan
<br />amount of $195,000.00. One or more of the debts secured by this Security Instrument contains a future
<br />advance provision.
<br />B. All Debts. All present and future debts from Grone's Outdoor Power, Inc., Lawrence J Levering and
<br />Sarah L levering to Lender, even if this Security Instrument is not specifically referenced, or if the future
<br />debt is unrelated to or of a different type than this debt. If more than one person signs this Security
<br />Instrument, each agrees that it will secure debts incurred either individually or with others who may not sign
<br />this Security Instrument. Nothing in this Security Instrument constitutes a commitment to make additional
<br />or future loans or advances. Any such commitment must be in writing. In the event that lender fails to
<br />provide any required notice of the right of rescission, Lender waives any subsequent security interest in the
<br />Grantor's principal dwelling that is created by this Security Instrument. This Security Instrument will not
<br />secure any debt for which a non-possessory, non-purchase money security interest is created in "household
<br />
<br />Grone's Outdoor Power, Inc.
<br />Nebraska Deed Of Trust
<br />NE/4XX28333000815100004558015093005Y
<br />
<br />"'1996 Bankers Systems, Inc.. St. Cloud, MN ~
<br />
<br />Initials
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