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<br />State of Nebraska __
<br />
<br />Space Above Tbis Line For Recording Data
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />o Master form recorded by.............................
<br />1. DATE AND P ARTlES. The date of this Deed of Trust (Security Instrument) is ........"....... O.~~?7:AO~~.. . . . ..... . . . . . . .
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />1!).5t>
<br />
<br />TRUSTOR:
<br />
<br />MICHAEL J. PUNCOCHAR AND lIBBIE L. PUNCOCHAR, HUSBAND AND WIFE
<br />3070 NORTH ST PAUL
<br />GRAND ISLAND, 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 STATE 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 EIGHT (8), IN BLOCK FIVE 151, IN DILL AND HUSTON'S ADDITION TO THE CITY OF GRAND ISLAND, AND
<br />PART OF PLATTED BETA STREET, VACATED BY ORDINANCE NO. 4932 OF THE CITY OF GRAND ISLAND, NEBRASKA,
<br />BEING THE EAST TWENTY.FIVE(25) FEET OF THE NORTH ONE HUNDRED TWENTY (120) FEET OF SAID BETA STREET,
<br />ADJACENT TO AND LYING SOUTH FROM THE SOUTH LINE OF 11TH STREET, ALLIN DILL AND HUSTON'S ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />The property is located in .................""......... .HALL............................... at ?~~.1. W~~T. Jl.TH. .~T.~~.~T..............
<br />(Cowlty)
<br />............................................................, ................. Gf.lAND.ISLANO................., Nebraska.... .Q~.~O.4~~!3.2.1.....
<br />(Address) (City) (ZIP Code)
<br />
<br />Together with all right~, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches., and wiltet' stock and attexisting 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 $ HaJ14~..n..................................... . 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 ADV ANCES. 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 />~ @1994Bonko"Sy.tom.. Inc., St. Cloud, MN Form RE.DT.NE 1/30/2002
<br />
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<br />tn I (page~ 4)
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