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<br />State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />❑ Master form recorded by .............................
<br />I. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ... e.G.e m b.e r...1.$..... Q Q.$.........
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />Skala, Inc. a Nebraska Corporation,
<br />323 Mallard Lane
<br />Grand Island, Nebraska 68801
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />ARCHER COOPERATIVE CREDIT UNION
<br />2121 ARCHER ROAD
<br />ARCHER, NE 68816
<br />BENEFICIARY:
<br />ARCHER COOPERATIVE CREDIT UNION
<br />2121 ARCHER ROAD
<br />ARCHER, NE 68816
<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: All that certain parcel of land situated in the County of Hall
<br />and State of Nebraska being known as Lot Eight (8), in Block One (1)
<br />of "Koehler Place ", an addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />The property is located in ......�. �. �.....' ...............:. at 247 P l ,u,m „ S t r e,e.t
<br />(County) ....................... ..........
<br />Grand Island 68801
<br />............................ ............................... .......I ...................... .....................I Nebraska .....................
<br />(Address) (City) (ZIP Code)
<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 />3. MAXIMUM OBLIGATION LIMIT. The total princ *al amount secured by this Security Instrument at any one time shall
<br />not exceed $ $.�.Q,Q.Q r. Q *.... .. .... * * * *.. * *.. , This limitation of amount does not include interest and other fees
<br />.......................
<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 referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Promissory Note dated December 18, 2008, executed by the borrower
<br />with a maturity date of June 30, 2009.
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) E Z� (page 1 of 4)
<br />®1994 Bankers Systems, Inc„ St. Cloud, MN Form RE -DT -NE 1/30/2002 G
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