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<br /> _ Staie oP Nebraska Space Above Thi s Line For Recording Data
<br />~
<br /> DEED OF TRUST 3 ~'
<br />'
<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 ....... ......... .06:01; 2010 , , , , , _ _ .. , , , , , , , ,
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUS'1'OR:
<br />SHAWN c. JOHNSON, A SINGLE PERsDN
<br />3217 RDSELAWN DRIVE
<br />GRAND ISLAND, NE 68801
<br />^ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: gDELUS STATE BANK
<br />P.O. BOX B
<br />BDELUS, NE 68820.0233
<br />BENEFICIARY: gDELUS STATE BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE DF NEBRASKA
<br />523 DELAWARE STREET
<br />P.D. BDX B BDELUS, NE B8BZ17.0233 -
<br />2. CONVEYANCE. For goad 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: LDT ONE 111, IN BLOCK NINE 191. LAMBERT'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in ...............................HALL................................ at ~.............................................
<br />(County)
<br />........................................................... . ..................GR . NR ................ , ebraska ...................... .
<br />ANOISIA N
<br />(Address) (City) (ZIp Cade)
<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 />naw, 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 ope time shall
<br />not exceed $ ~.~-4QP:OQ ........................................ .This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Alsa, this limitation daes 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 />NOTE IN THE AMOUNT OF 535,000.00 SECURED BY A DEED OF TRUST DATED: JUNE 1, 2010
<br />NEBRASKA -DEED aF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page t of 4J
<br />Ej[~~{,"" ©1994 Bankers Systems, Inc., St. Cloud, MN Farm RE-DT-NE 1/30/2002 ~ ,
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