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C=3 1 n cn C C-M o —+ m = n c D N fr1 C r77 N ' —i m o n o T o S n to o -n n N ° r.r� o M CD 'N c1� rn n} Z3 r_ M - D co � iR C N v v • W ~ Z Space Above This Line For Recording Data DEED OF TRUST °+� . el �. MDATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is February 28, 2005. The parties Eand their addresses are: TRUSTOR (Grantor): JAMES J ARNDT Spouse of JERRI K ARNDT HUSBAND AND WIFE AS JOINT TENANTS 1505 STAGECOACH RD GRAND ISLAND, Nebraska 68801 JERRI K ARNDT Spouse of JAMES J ARNDT HUSBAND AND WIFE AS JOINT TENANTS 1505 STAGECOACH RD GRAND ISLAND, Nebraska 68801 TRUSTEE: PLATTE VALLEY STATE BANK & TRUST COMPANY a Corporation 2223 Second Ave PO Box 430 Kearney, Nebraska 68848 -0430 BENEFICIARY (Lender): PLATTE VALLEY STATE BANK &TRUST COMPANY Organized and existing under the laws of Nebraska 810 Allen Drive Grand Island, Nebraska 68803 TIN: 47- 0343902 1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following described property: ALL OF LOT TWENTY SEVEN (27), COACH PLACE SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA AND THAT PART OF LOT TWENTY -SIX (26), COACH PLACE SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA MORE PATICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHEASTERLY CORNER OF LOT TWENTY SEVEN (27), THENCE RUNNING SOUTHEASTERLY ALONG THE NORTHEASTERLY LINE OF SAID LOT TWENTY SIX (26), A DISTANCE OF 16.05 FEET TO THE POINT OF BEGINNING; THENCE IN A SOUTHWESTERLY DIRECTION PARALLEL TO THE SOUTHERLY BOUNDARY LINE OF SAID LOT TWENTY SIX (26) TO A POINT ON THE WESTERLY BOUNDARY LINE OF SAID LOT TWENTY SIX (26), WHICH POINT IS 16.195 FEET NORTHWESTERLY OF THE SOUTHWEST CORNER OF SAID LOT TWENTY SIX (26), THENCE RUNNING NORTHWESTERLY ALONG AND UPON THE WESTERLY BOUNDRY LINE TO THE NORTHWEST CORNER OF SAID LOT TWENTY SIX (26); THENCE RUNNING NORTHEASTERLY ALONG AND UPON THE NORTHERLY LINE OF SAID LOT TWENTY SIX (26) TO THE NORTHEASTERLY CORNER OF SAID LOT TWENTY SIX (26); THENCE RUNNING SOUTHEASTERLY ALONG AND UPON THE EASTERLY BOUNDARY LINE OF SAID LOT TWENTY SIX (26) TO THE ACTUAL POINT OF BEGINNING. The property is located in HALL County at 1807 STAGECOACH RD, GRAND ISLAND, Nebraska 68801. Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described (all referred to as Property). This Security Instrument will remain in effect until the Secured Debts and all underlying agreements have been terminated in writing by Lender. 2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time will not exceed $ 180,000.00. This limitation of amount does not include interest and other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security Instrument to protect Lender's security and to perform any of the covenants contained in this Security Instrument. 3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts: JAMES J ARNDT Nebraska Deed Of Trust Initials NE/ 4XX28325000815100004558025022605Y ®1996 Bankers Systems, Inc., St. Cloud, MN F�eri ." Page 1