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<br />State of Nebraska Space Above Tills Line For Recording Dats
<br />REAL ESTATE DEED OF TRUST ~ ,,
<br />(With I~ture Advance Clause) ~
<br />^ Construction Security Agreement ~('~
<br />L DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ....August 21, 2009
<br />...........................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: Dennis Budde ~] husband and wife
<br />' xay Budde
<br />9425 West One-R Road
<br />Cairo, NE 68$24
<br />^ If checked, refer to the.attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: State Bank of Scotia
<br />P. 0. Box 325
<br />Scotia, NE 68875
<br />BENEFICIARY: State Bank of Scotia
<br />P. 0. Box 325
<br />Scotia, NE 68875
<br />2. CONVEYANCE. Far good and valuable consideration, the receipt and sufficiency of which is acknowledged, and
<br />to secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor
<br />irrevocably grants,:conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the
<br />following described property: A tract of land comprising the westerly 562.0 feet of
<br />the northerly 7$2..:80 feet of the westerly 1,125.415 feet of the Northwest Quarter of
<br />the Northeast Quarter (NW~NE~) of Section 23, Township 12 North, Range 11 West of the
<br />6th P.M., Hall County, Nebraska.
<br />The property is located in ,Hall. ~ount.Y ................................ .. at .......................
<br />...................... ...... ....... ......................,............
<br />(County)
<br />9425 West One-R Road Cairo Nebraska 68824
<br />(Address) (City) (ZtP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock and all existing and future improvennents, structures, fixtures, and replacements that
<br />may now, or at any time in the future, be part of the real estate described above (all referred to as "Property").
<br />r: ,
<br />3. MAXIMUM OBLIGATION LIMIT. The tatal.principal amount secured by this Security Instrument at any one time
<br />shall not exceed $ ....24dr.Q~n : 0~ .............. ...................This limitation of amount does not include interest and
<br />other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to
<br />advances made under the terms of this Security Instrument to protect Beneficiary's security and to perform any of
<br />the covenants contained in this Security Instrurnant.
<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 />Construction/permanent loan in the amount of $200.,000.00 dated $/21/09 with interest
<br />@ 6.507 per annum,
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA U5E) ~ (pBgB
<br />®1994 Bankers Systems, Inc., St. Cleud, MN (1.800.397.2341) Form Rl:•DT•NE 10/27/97
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