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<br />State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST gyp, So
<br />(With Future Advance Clause)
<br />^ Construction Security Agreement
<br />^ Master form recorded by .............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ........ . , . , 06.15-2009, , , , , ,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TR[1STOIt:
<br />SCOTT E. PIERCE AND ANGELA C. PIERCE, HUSBAND AND WIFE
<br />2222 NASHVILLE
<br />GRAND ISLAND, NE 68803
<br />^ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: BANK OF pONIPHAN
<br />P.O. BOX 270
<br />DDNIPHAN, NE 68832
<br />BENEFICIARY: BANK OF DDNIPHAN
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />P 0 BOX 270
<br />DDNIPHAN, NE 68832.0270
<br />2. CONVEYANCE. Fnr 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 TWELVE (121, JEFFREY UAKS EIGHTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in ............................... HA4L................................ at ?.............................................
<br />(County)
<br />............................................................. ...................GB .ICU.................., Nebraska .......... ..........
<br />ANP ISLA
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />i'igltts; ditcltes, attd v/ater stock and all existing and ftttttre improvetrretlts, 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. I'he total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 11r230.~0 ...........................................'T'his limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does oat 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 />BOD LOAN DATED 6.15.09 AND ANY EXTENSIONS, MODIFICATIONS, OR RENEWALS THEREOF
<br />NEBRASKA -DEED QF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of 4J
<br />~--+~/--~~M (%c 1994 Bankers Systems, Inc., St. Cloud, MN Form RE-OT-NE 1/30/2002
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