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<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 PARTIES. The date of this Deed of Trust (Security Instrument) is ..................lP).1:.~QPL...............
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
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<br />State of Nebraska
<br />
<br />TRUSTOR:
<br />
<br />BARNEY O'HERN AND MAXINE O'HERN, HUSBAND AND WIFE
<br />809 OMEGA STREET
<br />PALMER,NE 68864
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<br />o If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />PINNACLE BANK
<br />P.O. BOX 187
<br />PALMER,NE 68864
<br />
<br />BENEFICIARY:
<br />
<br />PINNACLE BANK. PALMER
<br />ORGANIZEO AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />P.O. BOX 187
<br />PALMER,NE 68864
<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 perfonuance 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 TEN 110), FRANK P. BARK'S SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />The property is located in . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . H.4~L. . . . . . . . . . . . . , , , , , , . . . . . . . . . . . .. at .1.~~~~.'.?!.~ .~r~~~J . . . . . . . . . . . . . . . . . . . . . . . .
<br />(County)
<br />. . .. . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . .... . . ... . . . . . . . ., ,................ .GR4NO.IS~AflIll. .. . . . . . . . . . ... . ., Nebraska ,....... ~.Q~Q~, , . . . . . .
<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 $ 7.5,.QOO..0.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 tenus of this Security Instrument to protect Beneficiary's security and to perfonu any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUI1JRE ADVANCES. The tenu "Secured Debt" is defined as follows:
<br />A. Debt incurred under the tenus 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. (W7zen referencing the debts below it is
<br />suggested that you include items sueh as borrowers' names, note amounts, interest rates, maturity dates, ete.)
<br />A CERTAIN LOAN #1500052050, DATED 10{31108,IN THE NAMES OF BARNEY O'HERN ANO MAXINE O'HERN, FOR AN AMOUNT OF
<br />$59,286.22 AT AN INTEREST RATE OF 7.25% WITH A MATURITY DATE OF 11/16/2013.
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA. FHLMC, FHA OR VA USE)
<br />~ @1994 Banko,. Sy.tom..lnc.. St. ClOUd, MN Form RE.DT-NE 1/30/2002
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