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<br /> State or Nebraska Space Above ThIs Une For Recording Data Jla.56
<br />
<br />
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />o Construction Security Agreement
<br />o Master fonn recorded by.............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is .................. P.HHQQ~..................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />200808646
<br />
<br />TRUSTOR:
<br />
<br />JAMES M. DUBBS AND THERESA L. DUBBS. HUSBAND AND WIFE
<br />117 W POPLAR
<br />KENESAW, NE 68956
<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 />FIRST STATE BANK
<br />119 C STREET, POBOX 639
<br />SHElTDN,NE 68876
<br />
<br />BENEFICIARY:
<br />
<br />FIRST STATE BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />119 C STREET
<br />"P oaox 639 SHELTON, NE .118876 _
<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) aDd Trustor's perfonnance 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 SEVEN 17) IN BLOCK "0" IN THE FIRST ADDITION TO THE VillAGE OF WOOD RIVER, HAll COUNTY, NEBRASKA
<br />
<br />The property is located in ............................... H4~L ....................... ....... at .1.1.q~ .Q9P'Q .~T~.E.~T..... ......................
<br />(COWlty)
<br />
<br />.... .. . . ..... . . , .. . . . . . .. . .. . , . . .. . . . . . . . . . . . . .. . . .........., ................... .W,QOD. RJYal....... ... ..... ...., Nebraska ........ .Q~~P~. .. , . .. ..
<br />(Address) (City) (ZIP Cwe)
<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 $ 6MP.Q,P.Q......................................... . 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 tenns of this Security Instrument to protect Beneficiary's security and to perfonn 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 tenns 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 sueh as borrowers' names, note amounts, interest rates, maturity dates, ete.)
<br />PROMISSORY NOTE TO JAMES M. DUBBS AND THERESA l. DUBBS DATED 0910312008 WITH AN ORIGINAL PRINCIPAL AMOUNT OF $24,000
<br />
<br />NEBRASKA. OEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE)
<br />~ @1994B.nke..Systems, Inc" St, Cloud, MN Form AE.DT.NE 1/30/2002
<br />
<br />(page 1 of 4)
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