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<br />State oP Nebraska Space Above This Line For Recording Date
<br />DEED OF TRUST ~p . Sv
<br />(With I~uture Advance Clause)
<br />^ Construction Security Agreement
<br />© Master form recorded by .............................
<br />1, DATE AND PARTIES... The date of this Deed of 'I'rtist (Security Ittstrumept) is ...., . . .... . . . .....:05:03.010, , , , , , , , , , , , ,
<br />.....
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />Jerry L. Denton, as Co-Trustee and Roger Loibl, as Successor Co-Trustee of the K.E. Denton and Veva M. Denton Irrevocable Trust dated March 2,
<br />1992
<br />PO Box 1157
<br />Kearney, NE 68848
<br />^ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUS'1 EE: Archer Cooperative Credit Union
<br />2121 Archer Raad
<br />Archer, NE 68816
<br />T3ENEFICIARY: Archer Cooperative Credit Union
<br />Organized and existing under the laws of the state of Nebraska
<br />2121 Archer Road
<br />_ __ -Arclter;iliE 68816 -
<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 Seven (7i, Coach Place Subdivision, in the City of Grand Island, Hall County, Nebraska
<br />The property is located in ................................ H.all ................................ at 1513 Stagecoach Raad_ . _ ...... _ .......... _ _ _ _ .
<br />(County)
<br />............................................................. ....................Clranndlsland ..................., Nebraska ........68801.........
<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 />aow, or at any time in the future, be part of the real estate described above (all referred to as "Property").
<br />3. MAXIMUM OBLIGATION LIMTT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 204,.0.QQ~QO . . . ......................................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 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 fncltute items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />PROMI550RY NOTE DATED 05-D3-2010 SHDWING JERRY L. DENTON AS CO~TRUSTEE AND ROGER LOIBL, AS SUCCESSOR CO-TRUSTEE OF THE K.E.
<br />DENTON AND VEVA M. DENTON IRREVOCABLE TRUST DATED MARCH 2, 1992 AS BORROWERS IN THE AMOUNT OF 5200,000.00 NOTE MATURITY DATE
<br />OF 05115-2030
<br />NEBRASKA -HEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) lp f 4I
<br />C~~M ~ 1994 Hankers Systoms, Inc., St. Cloud, MN Farm RE-pT-NE 1/30/2002
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