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<br />State or Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST ~,
<br />(With Future Advance Clause) p
<br />^ Construction Security Agreement
<br />^ Master form recorded by •------• .....................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ................. . 07.07.2010 .... , _ ,
<br />................... ...
<br />_and the.parties, their addresses and tax identification numbers, if required, are as follows;
<br />TRUSTOR:
<br />BARRY A, MCCDUN ANQ BARBARA J. MCCDUN, HUSBAND AND WIFE
<br />206 W 13TH STREET
<br />WOOD RIVER, NE 68883
<br />^ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: FIRST STATE BANK
<br />119 C STREET, P 0 BOX 639
<br />SHELTON,NE 68876
<br />BENEFICIARY: FIRST STATE BANK
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NEBRASKA
<br />__ .._~.__~_ _.-._. _.___ 119 C STREET
<br />P 0 BOX 639 SHELTON, NE 88876 ~-- ~- ~--
<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 uader this Security Tnstrutnent, 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 THREE (3-, IN BLOCK FIVE (5-, IN DODD AND MARSHALL'S ADDITION 70 THE VILLAGE OF WOOD RIVER, HALL COUNTY NEBRASKA
<br />The property is located in .................................................................... at ..............................................
<br />(County)
<br />............................................................ ..................... R.................. , ebraska .......... .........
<br />. N ..
<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 stack 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 LIMTT. The total principal amount secured by this Security Instrmnent at any one time shall
<br />not exceed $ 145,044.44 .........................................This lititation 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 t.erins 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 />ALL PRESENT & FUTURE DEBT TO SHELTON TRUCK PARTS, INC., BARRY A, MCCDUN, BARBARA J. MCCDUN INCLUDING BUT NOT LIMITED TO; NOTE
<br />X47762 DATED p7-071201p FDR AN DRIGINAL AMOUNT DF 520,000; NOTE X47763 DATED 07107-2010 FDR AN ORIGINAL AMOUNT OF 535,434.75;
<br />NOTE #45284 DATED 0510212006 FDR AN ORIGINAL AMOUNT OF 5185,235.07; NOTE #43950 DATED 1 213 012 0 0 4 FOR AN ORIGINAL AMOUNT OF
<br />5168,pDO; n
<br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) /( ,^^ (page 7 o~f 4J\
<br />-fir M ©1994 Bankers Systems, Inc., St. Cloud, MN Form RE-DT-NE 1 /3012 0 0 2 ~ j ~ ~ ~ . y)~~'Y ~
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