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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />D Master form recorded by _ _ _ _ _ _ _ _ _ _ _ _ _ ._ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ - - - - - - -
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ~PY~!Dl.J_e_r_ _lJ~_,- _~QQ~ __ _ _ _ _ _ _ _ - - --
<br />and the parties and their addresses are: - - - -
<br />
<br />TRUSTOR: AURORA COOPERATIVE ELEVATOR COMPANY
<br />
<br />605 12TH STREET
<br />GRAND ISLAND, NE 68818
<br />
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE:
<br />
<br />Arend R. Baack, Attorney
<br />P. O. Box 790
<br />Grand Island, NE 68802
<br />
<br />BENEFICIARY:
<br />
<br />Home Federal Savings and Loan Association of Grand Island
<br />221 South Locust Street Grand Island, NE 68801
<br />
<br />Organized and Existing Under the Laws of The State of Nebraska
<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:
<br />ALL THAT PART OF THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER (NE1/4NW1/4) OF
<br />SECTION TWELVE (12), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH
<br />P.M., HALL COUNTY, NEBRASKA, LYING SOUTH OF THE SOUTHERLY RIGHT OF WAY OF U.S.
<br />HIGHWAY NO. 30 AND EXCEPTING A CERTAIN TRACT MORE PARTICULARLY DESCRIBED IN RETURN
<br />OF APPRAISERS RECORDED IN THE REGISTER OF DEEDS OFFICE AS DOCUMENT NO. 200314238.
<br />
<br />The property is located in __ _ _ _ _ _ _ _
<br />
<br />_ n n n _l~AlA _. n n _ __ n n _ _ at ~1!5.?_ ~_'_ ~ _~(L -- - n n
<br />(County)
<br />n n n _G~ _J:::;~_ _ n n _ , Nebraskan n __ 6Q~QL
<br />~~ ~WC~
<br />
<br />- - - - - - - _. - - - - - - _. __ - - - - ._ .. - - - - - __ '0" _ _ _ _ ,
<br />
<br />(Address)
<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 $ ~J~J_O_OO_._O_O_ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _' 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(ies) 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 />A Promissory Note dated 11/19/2008
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOA FNMA, FHLMC, FHA OA VA USE)
<br /><D 1994 Wolters Kluwe' Financial Services - Bankers Systemsn, Form RE-OT-NE 12/15/2006
<br />VMP @-e165(NE) (0708)
<br />
<br />(page 1 of 4)
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