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<br /> - FORM 5011 (6-2009)
<br /> RETURN TO Farm Credit Services of America, PO Box 5080 Schulte Kathy S
<br /> PREPARER: Grand Island, NE 68802 (308) 364-0557
<br /> Farm Credit Services of America
<br /> TRUST DEED AND ASSIGNMENT OF RENTS
<br />
<br /> Trustor(s):
<br /> Shirlee Porter, Trustee for Shirlee Porter Revocable Trust dated September 11 2007
<br /> Mailing Address:
<br /> 1705 14th St
<br /> Rock Valley, IA 51247-1210
<br /> This Trust Deed and Assignment of Rents is made September 24. 2010, by and among the above
<br /> named Trustor(s) and AgriBank, FCB, "Trustee," whose mailing address is PO Box 64949, St. Paul,
<br /> Minnesota 55164-0940, and Farm Credit Services of America FLCA, "Beneficiary," whose mailing
<br /> address is PO Box 2409, Omaha, NE 68103, in consideration of the advance by Beneficiary of the
<br /> principal sum specified below, the receipt of which is hereby acknowledged, Trustor(s) irrevocably
<br /> transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and
<br /> security of Beneficiary, its successors and assigns, under and subject to the terms and conditions
<br /> of this Trust Deed, the property, located in Hall County(ies), State of Nebraska, and described as
<br /> follows:
<br /> Tract 1: The Northeast Quarter (NE 1/4) of Section Ten (10), Township Nine (9) North, Range Nine (9)
<br /> West of the 6th P,M., Hall County, Nebraska, excepting a certain tract more particularly described as
<br /> Lot One (1), M L Harris Subdivision, Hall County, Nebraska, recorded in Document No. 200602208
<br /> together with all Trustor's right, title, and interest in the property, now or hereafter acquired, including:
<br /> all buildings, fixtures, timber, timber to be cut, crops, and improvements now on or hereafter placed
<br /> upon the property; all appurtenances, water, water rights, irrigation, and drainage rights; all rents,
<br /> issues, uses, income, profits, and rights to possession; all oil, gas, gravel, rock, or other minerals of
<br /> whatever nature, including geothermal resources; all personal property that may integrally belong to or
<br /> hereafter become an integral part of the real estate whether attached or detached, including any
<br /> appurtenances and accoutrements of any structure or residence secured hereby; easements and other
<br /> rights and interests now or at any time hereafter belonging to or in any way pertaining to the property,
<br /> whether or not specifically described herein; all above and below ground irrigation equipment and
<br /> accessories; and all leases, permits, licenses, or privileges, appurtenant or nonappurtenant to the
<br /> property, now or hereafter issued, extended or renewed by Trustor(s), any State, the United States, or
<br /> any department, bureau, instrumentality, or agency thereof. The foregoing is collectively referred to in
<br /> this document as the "property."
<br /> It is understood and agreed between Trustor(s) and Beneficiary that this Trust Deed is given to secure
<br /> the repayments in full of the following described obligations, regardless of whether Mortgagor(s) is(are)
<br /> liable thereon, and all future and additional loans or advances, protective or otherwise, which may be
<br /> made by Beneficiary, at its option, at the request of, and to or for the account of Trustor(s), the parties
<br /> liable under the note(s) or credit agreement(s), or any of them, for any purpose, plus interest thereon,
<br /> all payable according to the terms of the note(s), credit agreement(s), or other instrument(s) modifying
<br /> the same.
<br /> Date of Notes or Credit Agreement(s) Principal Amount
<br /> 09/24/2010 1751000:00
<br /> Provided, however, that the total principal indebtedness outstanding and secured hereby at any one
<br /> time will not exceed the sum of ONE HUNDRED SEVENTY-FIVE THOUSAND, ($175,000,00),
<br /> exclusive of interest and protective advances authorized herein or in the loan agreement(s); provided
<br /> further, that THIS PARAGRAPH SHALL NOT CONSTITUTE A COMMITMENT TO MAKE FURTHER
<br /> OR ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL
<br /> PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br /> This Trust Deed will be due October 1 2015.
<br /> App 5028582; CIF 149441; Note 203 220KS Legal Doc. Date: September 24, 2010
<br /> FORM 5011, Trust Deed and Assignment of Rents page 1
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