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<br /> State or Nebraska Space Above This Line For Recording Data
<br /> DEED OF TRUST
<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 ..................12;11; gQ9a , , _ • . _ • _ • • • • • , • , •
<br /> and the parties, their addresses and tax identification numbers, if required, areas follows:
<br /> TRUSTOR:
<br /> SHANNON B. SIMON AND AMY K. SIMON, HUSBAND AND WIFE
<br /> 4008 LILLIE OR
<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: WASHINGTON COUNTY BANK
<br /> 1523 WASHINGTON STREET
<br /> BLAIR, NE 68008
<br />
<br />
<br /> BENEFICIARY: WASHINGTON COUNTY BANK
<br /> ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br /> 1523 WASHINGTON STREET
<br /> PO BOX 248 BLAIR, NE 68008
<br />
<br /> 2. CONVEYANCE. For 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:
<br /> Lot One (1), Jeanette Subdivision, in the city of Grand Island, Hall County, Nebraska and part of the Southeast Quarter of the Northeast Quarter (SEI/4NE 1/4) of
<br /> Section Twenty Three (23), Township Eleven (11) North, Range Ten (10), West of the 6s P.M., Hall County, Nebraska, more particularly described as follows;
<br /> Beginning at the Southeast corner of the Southeast Quarter of the Northeast Quarter (SEI/4NEI/4) of Section Twenty Three (23), Township Eleven (11) North, Range
<br /> Ten (10) West of the 6 s P.M., thence running Northerly on the Easterly line of the Southeast Quarter of the Northeast Quarter (SE 1/4NEI/4) a distance of five Hundred
<br /> Twenty Eight (528) feet; thence running Westerly and parallel to the Southerly line of said southeast Quarter of the Northeast Quarter (SEI/4NEI/4) a distance of One
<br /> Thousand Three Hundred Seventeen and Five Hundredths (1,317.05) feet to a point on the Westerly line of said Southeast quarter of the Northeast Quarter
<br /> (SEI/4NEI/4); thence running Southerly along and upon the Westerly line of said Southeast Quarter of the Northeast Quarter (SEI/4NEI/4) a distance of Five Hundred
<br /> Twenty Eight (528) feet; thence running Easterly along and upon the Southerly line of said Southeast Quarter of the Northeast Quarter (SEI/4NEI/4) a distance of One
<br /> Thousand Three Hundred Seventeen and Two Tenths (1,317.20) feet to the point of beginning EXCEPTING therefrom a tract of land more particularly described in
<br /> Survivorship Warranty Deed recorded as Document No. 96-105264 and EXCEPTING Springdale subdivision recorded as Document No, 200605856
<br /> The property is located in RALL................................ at 40$a LILL UR
<br /> (County)
<br /> OR NUA NQ Nebraska
<br /> (Address) (City) (ZIP 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 improvements, 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. The total principal amount secured by this Security Instrument at any one time shall
<br /> not exceed $ 350,73.11,3$..... • • This limitation of amount does not include interest and other fees
<br /> and charges validly made pursuant to this Security Instrument, Also, this limitation does not apply to advances trade 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 terns 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. (Mien referencing the debts below it is
<br /> suggested that you include items such as borrowers' nines, note amounts, interest rates, maturity dates, etc.)
<br /> NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of 4)
<br /> JE~M ®1994 Bankers 5ystains, Inc., $t. Cloud, MN Form RE-OT-NE 1130/2002
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