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<br /> State of Nebraska Space Above This Line For Recording Data
<br /> DEED OF TRUST °
<br /> (With Future Advance Clause) 2a
<br /> ❑ Construction Security Agreement
<br /> ❑ Master form recorded by
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is 10 30. 009. , , , , , . , • ,
<br /> and the patties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR:
<br /> MICHAEL 0, SCHUSTER AND MICHELLE S. SCHUSTER, HUSBAND AND WIFE
<br /> 516 SANDALWOOD 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: BANK OF DONIPHAN
<br />
<br /> P.O. BOX 270
<br /> DONIPHAN,NE 68832
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<br /> BENEFICIARY: BANK OF DONIPHAN
<br /> ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br /> P 0 BOX 270
<br /> DONIPHAN, NE 68832.0270
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<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: LOT NINETEEN (19) IN WESTWOOD PARK TENTH SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
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<br /> The property is located in tiALL................................ at 516 SANDALW00Q DR........................ .
<br /> (County)
<br /> 6$03
<br /> ......GBANP.lS4P Nq................... Nebraska
<br /> (Address) (City) (ZIP Code)
<br /> Together with all rights, casements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br /> tights, 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 $ KPA$.87 , , , , , , , , , , , , , • , , • , , , , , , , . • , , , , 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 made 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 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 /> ROD LOAN DATED 10.30.09 AND ANY EXTENSIONS, MODIFICATIONS, OR RENEWALS THEREOF.
<br /> NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE: (page t of 4)
<br /> r oM ®1994 Bankers Systams, Inc., St. Cloud, MN Form RE-DT-NE 113012002 y/~
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