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<br />_ State of Nebrasku Space Above Thi� Line For Recording Data
<br />DEED OF TRUST �o �s°
<br />(With Future Advance Clause)
<br />_ 0 Construction Security Agreement
<br />❑ Master farm recarded by .............................
<br />1, nATE AND PARTIES. The date of this Deed of Trust (Securiry Instrument) is . . . . . . . . . . . . . . .11, Q, , , , _ _ . _ _ . . .
<br />... ......
<br />and the parties, their addresses and tax identificatiau nurnbers, if required, are as follows:
<br />'1"RUSTOR;
<br />Mark A. Sargent and Paula p, 5argent, Hushand and Wife
<br />651 Meves Ave
<br />Grand Island, NE 688D1
<br />0 If checked, refer to the attached Addendum incorporated herein, for additional Trnstars, the'rr signatures and
<br />acknowledgmepts.
<br />TRUSTE�: Archer Cooperative Credit Union
<br />213 Ninth 5treet P.D. Box 157
<br />Chapman, NE 68827
<br />BEN$FICIARY: prcher Cooperative Credit Union
<br />Organized and existing under tha laws of tha state of Ne6raska
<br />713 Ninth Street
<br />P,O, Bax 157 Chapman, NE 68827
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficieucy of which is acknowledged, and to
<br />secure the Secured Debt (defined below) aud Trustor's performance under this Securiry Instrurnent, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with pawer of sale, the following dsscribed
<br />property: �ot 2, in B�ock 1, in Meves First Addition to the City of Grand Island, Ha4 County, Nebraska
<br />The property is located in . . . . . . ... . .. . ......... ... . . . . ... H�JI . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . , at B51 Meyes Ave . . . . . . . . . . ... ... . . . . . . . . . . . . ...
<br />(County)
<br />........................................................... . .................... d................... , ebraska .......... ..........
<br />�an s an . N
<br />(Address) (City) (ZIP Code)
<br />Tagether with all rights, easements, appurtenances, royalties, rnineral rights, oil and gas rights, all water and riparian
<br />rights,�.c4itches ;aed: w�ai�r stock and all �;xisting and fature�nprovements, structures, fixtures, and replacements lhat may
<br />now, or at any time in the future, be part of the real estate described abave (a11 referred to as "Property").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Secnrity Instrument at any one time sha11
<br />not exceed $ 6A UO,Q.Q,Q , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ��,� limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to th�s Securiry lnstrument. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrurnent to protect Beneficiary's security and to perform any of the cavenants contained in this
<br />Security Instrument.
<br />4. SECUREI] DEBT AND FUT[TRE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt tacurred under the terms of all promissory no[e(s), coatract(s), guaranty(s) or other evidence of debt described
<br />below apd all their extepsions, renewals, modifications or substitutions. (When referencing the debrs bedow it �s
<br />suggested that you include items such as borrowers' ruzmes, note amounts, interest rates, maturiry dates, etc.)
<br />Promissory Note showing Mark A, Sargent and Paula 0. Sargent as 6orrowers in the amaunt nf SBQ,Q00. Note maturity data is 12•01-2020.
<br />/0�7 ��� �
<br />NEBRASKA - bEEp OF TRUST (NOT FaR FNMA, FHLMC, FHA OR VA USE)
<br />�^" � 1994 6ankers Systams, Inc„ St. Cloud, MN Form pE-p7-NE 1/30/2002
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