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<br />State of Nebrask Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRUST 3S ~°
<br />(With Future Advance Clause)
<br />7~,~ ^Constructiou Se{~curity Agreement
<br />^ Master f0I'rtl.recorded,tay •N.,!.~l.~R.I!,Al ~,`T A~1r.R:R;F •..+i,~.....
<br />. _-:.:
<br />I, DATE AIVD p`AK' TIES. The date of this Deed of Trust is D.7./. X R/.2.0 A 9 .............................. and the parties and their
<br />addresses are as follows:
<br />TRUSTOR:
<br />SKALA INC./
<br />323 MALLARD LANE
<br />GRAND ISLAND NE 68801
<br />TRUSTEE:
<br />^ Refer to the Addendum which is attached and incorporated herein far additional Trustors.
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68$16
<br />BENEFICIARY:
<br />ARCHER COOPERATIVE
<br />CREDIT UNION
<br />2121 ARCHER RD.
<br />ARCHER, NE 68816 -• .
<br />2. CONVEYAIV~°)~:°'~"for good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (hereafter defined), Trustar irrevocably grants, conveys and sells to Trustee, in trust for the
<br />benefit of the Beneficiary, with power of sale, the following described property:
<br />SEE EXHIBIT "A" WHICH IS ATTACHED HERETO AND INCORPORATED HEREIN
<br />BY THIS REFERENCE
<br />The property is located inHALL ..... . ................ ... .............................. at ................................ ........ .
<br />..... ...
<br />...
<br />(County)
<br />~.Q~,$.~...SRU'I'I3..AVk~19~~~C.k~~3~A .............. .k~tOQA.&.IV.FR. .................., Nebraska........:G&~8.3. .........
<br />(Address) (City) (ZYP Code)
<br />Together with all rights,. easements, appurtenances, royalties, mineral rights, oil and gas rights, craps, timber, all
<br />diversion payments or third party payments made to crop producers, and all existing and future improvements, structures,
<br />fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all
<br />referred to as "Property"). The term Property also includes, but is not limited to, any and all water wells, water, ditches,
<br />reservoirs, reservoir sites and darns located on the real estate and all riparian and water rights associated with the Property,
<br />however established.
<br />3. MAXIMUM OBLIGATION LIIVIIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at any one time shall not exceed $ . ~ 1. , .0.0 A ..0.0 ...................................This limitation of amount does
<br />not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly
<br />made pursuant to this Deed of Trust and does not apply to advances. (or interest accrued on such advances) made under the
<br />terms of this Deed of Trust to protect Beneficiary security and to perform any of the covenants contained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this Deed of Trust even
<br />though all or part may not yet be advanced. Nothing in this Decd of Trust, however, shall constitute a commitment to
<br />make additional or future loans or advances in any amount. Any such commitment would need to be agreed to in a separate
<br />writing.
<br />4. SECURED DEBT DEFINED. The term "Secured Debt" Includes, but is not limited to, the following:
<br />A. The promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all extensions,
<br />renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it is suggested that
<br />you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />PROMISSORY NOTE SHOWING SKALA, INC.
<br />AS BORROWERS TN THE AMOUNT OF 5 ~ , ~ ~ O . 00 . NOTE MATURITY OF ~~##K#9~#ilc 1 1 - ~ O - ~ 9 .
<br />NEBRASKA -AGRICULTURAL/COMMERCIAL PEED OF TRUST (NOT FOR FNMA, FHLMC, FHA qR VA USE, ANq NOT FOR OONSUMER PURPgSE~~ r Page 1 of 6
<br />~r'~e ~ 199 E3ankers Systems, Inc., St. Gloud, MN Form AG/CO-DT-NE 1/30/2002 +`l
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