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<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 ................. m:p.4..zQP.~.................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />~ /.DO
<br />
<br />TRUSTOR:
<br />
<br />MITCHElL A. CLARK AND GAYLE D. CLARK, HUSBAND AND WIFE
<br />121 W 17TH STREET
<br />GRAND ISLAND, NE 68803
<br />
<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 />ORGANIZED 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 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: LOTS FOUR (4) AND FIVE (5), IN BLOCK EIGHTY-EIGHT (88), OF WHEElER & BENNETT'S FOURTH ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA (121 W. 17TH STREET, GRAND ISLAND, NE 68801)
<br />AND
<br />LOTS 7, 8, 9 AND 10, BLOCK 3, ORIGINAL TOWN OF RAVENNA, BUFFALO COUNTY, NEBRASKA. (603 GRAND AVENUE, RAVENNA, NE 688691.
<br />
<br />The property is located in ........................ .I:IALL.& aUFFALQ......................... at .1.~J.W.. FT.~ .~T.~~U...~.~~NO.!~~A~.Q,. ~.~..
<br />(County)
<br />~~~.q1.~NO.~P.~ .G~.4~.Q.~~~~.~~, .~~Y~~N~...~.~ .~~.~~.~.., ..................................................., Nebraska.......................
<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 $ .1.Z5.0P.Q,QO....................................... . This limitation of amount docs 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 AnV ANCES. 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 aU 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 />TWO LOANS:
<br />LOAN #1500052080, DATED 3/2/09, IN THE NAMES OF MITCHELL A. CLARK AND GAYLE D. CLARK, FOR AN AMOUNT OF $70,845.20,
<br />WITH AN INTEREST RATE OF 7.00% AND A MATURITY DATE OF 3/25/2014.
<br />AND LOAN #1500052090, DATED 3/2/09, IN THE NAMES OF MITCHELL A. CLARK AND GAYLE D. CLARK, FOR AN AMOUNT OF $75,000.00 AT A
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC. FHA OR VA USE) n..IJ m (Pffll! 1 of 4)
<br />~M @ 1994 Bankers Systems, Inc.. St. Cloud. MN Form RE-DT-NE 1 13012002 ~ - 0 t)..~
<br />
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