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<br />
<br />State of Nebraska
<br />
<br />SIJace Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />D Master form recorded hy .............................
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ................. ..1.4'.1.HQQ~........ .. .. .... ..
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />~
<br />~
<br />
<br />1.
<br />
<br />TRUSTOR:
<br />
<br />MICHAEL L. DOUGLASS AND DIANE L. DOUGLASS, HUSBAND AND WIFE
<br />3011 MIDWAY ROAD
<br />GRAND ISLAND, NE 68803
<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 />BANK OF DONIPHAN
<br />P.O. BOX 270
<br />OONIPHAN, NE 68832
<br />
<br />BENEFICIARY:
<br />
<br />BANK OF DONIPHAN
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />POBOX 270
<br />OONIPHAN, NE 68832.0270
<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 6,IN BLOCK 2, ISLAND ACRES NUMBER 2, BEING A REPLAT OF LOTS 1,2,3,5,6 ANO 7 ISLAND ACRES, A SUBDIVISION IN THE CITY OF
<br />GRAND ISLAND,HALLCOUNTY, NEBRASKA
<br />
<br />The property is located in ............................... H4~~. .. . . . . . ... . . ... . .. . . . . . . . .. . . .. at ~P.1.1.~!9Y'{~.X ~.Q~P. . . . . . . . . . . . . . . . . . .
<br /> . . . . . . . .
<br />(County)
<br />............................................................, .................. .G~ANO.lSl~N.O.................., Nebraska........ .~~~P.~........
<br />(Address) (Cily) (ZIP Code)
<br />
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />fights;- ditches, and water stocramt-al1existing- 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 $ ~~,OP.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 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(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When rejerencinR the debts be/ow it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />PROMISSORY NOTE IN THE NAME OF MICHAEL L DOUGLASS AT A RATE OF 6..75% MATURING 12.15.2013 INCLUDING ANY REVISIONS, EXTENSIONS
<br />AND RENEWALS.
<br />
<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE)
<br />
<br />~~, (pa~
<br />
<br />~ @1994 Sankers Systems, Inc., St. Cloud, MN Form f1E.DT.NE 1/30/2002
<br />
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