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<br />
<br />State of Nebraska
<br />
<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 .................. P.~'PA'7_QQ~..................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />~o .~lJ
<br />
<br />TRUSTOR:
<br />
<br />TOD~RRETT, A SINGLE PERSON
<br />402 ~~TH STREET
<br />OONIPHAN, NE 68832
<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 OONIPHAN
<br />118 W PLUM STREET
<br />DONIPHAN, NE 68832
<br />
<br />BENEFICIARY:
<br />
<br />BANK OF OONIPHAN
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />POBOX 270
<br />DONIPHAN, 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 THIRTY.SIX (361 IN BISON MEADOWS SUBDIVISION ONE TO THE VILLAGE OF DONIPHAN, HALL COUNTY, NEBRASKA
<br />
<br />The property is located in ... .. . . . . .. . .. . . . . . . . . . . .. . .. . . Ji4~~.. . .. . . . . . . . . . . .. . .. . . . . ... .. . .. at ~.Q~ N f.Q~~.W~m~~1. . ... . . . . ..
<br /> .. . .. . .. . . . . .
<br />(County)
<br />
<br />... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ..., .................... .OP.NI.P.I:II\.N.. ... ... ... ... ... ..., Nebraska ........ .Qe~~.~ ... ... ..
<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 -stoclcand- all existing andfutttre 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 $ ~.o..DAQ.AQ......................................... . 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 referencing the debts be/ow it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />BANK OF DONIPHAN PROMISSORY NOTE IN THE AMOUNT OF $40,000.00
<br />
<br />NEBRASKA. DEED OF TRUST (NOT FOR FNMA. FHLMC, FHA OR VA USE)
<br />~M @ 1994 Sankers Systems. Inc., St. Cloud, MN Form RE-DT-NE 1/3D/2002
<br />
<br />~.., (page 1 of 4)
<br />.,~'
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