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<br />4 Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is February 4, 2005. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />TIMOTHY J O'CONNOR
<br />2112 John St
<br />Grand Island, Nebraska 68803
<br />CATHERINE L O'CONNOR
<br />husband and wife
<br />2112 John St
<br />Grand Island, Nebraska 68803
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Corporation
<br />2223 Second Ave
<br />PO Sox 430
<br />Kearney, Nebraska 68848 -0430
<br />BENEFICIARY (Lender):
<br />PLATTE VALLEY STATE BANK &TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />1451 North Webb Road
<br />Grand Island, Nebraska 68803
<br />TIN: 47- 0343902
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />Lot Ten (10) and a tract of ground 12 x 40 feet of Lot Nine (9), more particularly described as follows:
<br />Beginning at the northeasterly corner of said Lot Nine (9) running thence in a southerly direction, a distance of
<br />40 feet, thence westerly a distance of 12 feet, thence northerly a distance of 40 feet, thence easterly along the
<br />alley line of said lot, a distance of 12 feet to the place of beginning, all in Block Five (5), in Gilbert's Second
<br />Addition to the City of Grand Island, Hall County, Nebraska
<br />The property is located in Hall County at 1504 -1512 N Eddy, Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Propertyl. This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $78,500.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 287739 -100, dated February 4, 2005, from
<br />Grantor to Lender, with a loan amount of $78,500.00.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
<br />5. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by
<br />this Security Instrument and has the right to irrevocably grant, convey and sell the Property to Trustee, in trust,
<br />with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of
<br />record.
<br />Timothy j a'aonno,
<br />Nebraska Deed Or Trust Initials
<br />NE14X X2 8 3 3300081 51000 04 5 5 8 01 40 2 040 8V -1998 Bank— Systems, Inc., Si, Claud MN E5< e- W Page 1
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