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<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clausel
<br />o Construction Security Agreement 0 Master form recorded by
<br />
<br />1. DATE AND PARTIES. The date of this Deed of Trust is 11-26.2008
<br />their addresses are as follows:
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<br />and the parties and
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<br />TRUSTOR: lARRY A. lAMBERT AND BRENDA l.lAMBERT, HUSBAND AND WIFE AND EACH IN HIS OR HER OWN RIGHT
<br />1340 WEST CHURCH STREET
<br />ALBION, NE 68620
<br />
<br />o Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br />TRUSTEE: MADISON COUNTY BANK
<br />P.O. BOX 109
<br />ALBION, NE 68620
<br />
<br />BENEFICIARY:
<br />
<br />MADISON COUNTY BANK
<br />ORGANIZED AND EXISTING UNDER THE lAWS OF THE UNITED STATES OF AMERICA
<br />103 SOUTH 4TH STREET
<br />P.O, BOX 109 ALBION, NE 68620
<br />
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to Trustee, in trust for the
<br />benefit of the Beneficiary, with power of sale, the following described property:
<br />
<br />lOT FORTY SEVEN (47), INDIANHEAD SEVENTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HAll COUNTY, NEBRASKA,
<br />
<br />The property is located in HAll
<br />
<br />at 3030 BIGHORN PLACE
<br />
<br />(County)
<br />
<br />, GRAND ISLAND
<br />
<br />, Nebraska68803
<br />
<br />(Address) (City) (Zip Code)
<br />
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
<br />diversion payments or third party payments made to crop producers, and all existing and future improvements,
<br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described
<br />above (all referred to as "Property"). The term Property also includes, but is not limited to, any and all water wells,
<br />water, ditches, reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights
<br />associated with the Property, however established.
<br />
<br />NEBRASKA - AGRICULTURAL/COMMERCIAL REAL ESTATE SECURITY INSTRUMENT
<br />(NOT FOR FNMA. FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) --1~
<br />~ @ 1993, 2001 Banko,. Systom., Ino.. St. Cloud, MN Form AGCO-RESI-NE 1/17/2003 (J'
<br />
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