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<br /> State of Nebraska Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST ~{),SCJ
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />o Master form recorded by.............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .....,...,.,.",.O}..1P:.40.Q~......"..,,'"''
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR:
<br />
<br />JAMES H. SCHALL AND TERESA M. SCHALL, HUSBAND AND WIFE
<br />410 EAST DElAWARE
<br />GRANDISLAND,NE 68801
<br />
<br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />FARMERS AND MERCHANTS BANK
<br />3015 SECOND AVENUE
<br />KEARNEY,NE 68847
<br />
<br />BENEFICIARY: FARMERS & MERCHANTS BANK .KEARNEY
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE ST ATE OF NEBRASKA
<br />3015 2ND AVENUE
<br />KEARNEY, NE 68847
<br />
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property: LOT NINE (91, JAMS ON SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />The property is located in ................"".......... .HALL"..........."................ at ~ 19. .~~.~T..P.~~AWA~~......"..........",
<br />(County)
<br />
<br />........... ................................................., ,............... .GRAND.ISIAND........ ....... .., Nebraska....... .e&~QJ.......,
<br />(Address) (City) (ZIP Code)
<br />
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the future, be part of the real estate described above (all referred to as "Property").
<br />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time shall
<br />not exceed $ ~} .6a6A4. . ................ . . .. . .. .. . . . . . . . . . . .. . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />
<br />". ~ (PiJU;;Sf 4)
<br />
<br />~ @ 1994 Bankers Systems, Inc" St, ClOUd, MN Form RE-PT.NE 1/30/2002
<br />
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