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<br />State of Nebraska Space Above This Line For RecordingData
<br />DEED OF TRUST
<br />(With Future Advance Clause) (; D
<br />❑ Construction Security Agreement t} 1•
<br />❑ Master form recorded by °
<br />.............................
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is . . . . . . . . . . . . . . . . . . 03 : 04.2011. . , , , , , , . . . , , , , , , ,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: MITCHELL CLARK and GAYLE CLARK, HUSBAND ANO WIFE
<br />121 W 17th STREET
<br />GRAN�ISLAND,NE 68801
<br />� If checked, refer to the attached Addendum incorporated hereia, for additional Trustors, their signatures and
<br />acknowled'gments.
<br />TRUSTEE: Archer Cooperative Credit Union
<br />2121 Archer Road
<br />Archer, NE 68816
<br />BENEFICIARY: prcher Gooperative Credit Union
<br />Organized and existing under the laws of the state of Nebraska
<br />2121 Archer Road
<br />Archer, NE 68816
<br />2. CONVEYANCE. For good and valuable consideration, the receipt aad sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined betow) and Trustor's performance uader this Securiry 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: �OTS FOUR (4► AND FIVE (5►, IN BLOCK EIGHTY•EIGHT (SS►, OF WHEELER & BENNETT'S FDURTH ADDITION TO THE CITY Of GRAND ISLAND, HALL
<br />COUNTY,NEBRASKA.
<br />The property is located in ............................... H9G1............... ........ at 121 W,17th,STREET
<br />.........
<br />(Counry)
<br />. . . . . . . .. . .. . .. . .. . .. . .. . .. . .. . . . . . . . .. . .. . .. . .. . .. . .. . .. . .. . . .. . .. . .. . . . . .. . .. .GR . . . N0. . . . . . . .. . . . . . . . .. , Nebraska . .. . .. . .. . .. . . . . . . . . . . .
<br />ANP ISIA
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil aud gas rights, all water and ripariau
<br />rights, ditches, and water stock aad ail existiag and future improvements, structures, fuctures, 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 "Properiy").
<br />3. MAXIMiJM OBLIGATION LIMTT. The total priacipal amount secured by this Security Instrumeat at aay oae time shall
<br />not exceed $ 5R,.4.23,18 ......................................... . This limitation of amount does not include interest and othet fees
<br />and charges validly made pursuant Co this Security Instrumeat. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrument to protect Beneficiary's securiry and to perform any of the covenants contained in t6is
<br />Securiry Instrumeat.
<br />4. SECURED DEBT AND FUTiTRE ADVANCES. The term "Secured Debt" is defined as follows;
<br />A. Debt incurred under the terms of all promissory note(s), coatract(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 incZude items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />PROMISSORYNOTE DATEO 0 310412 0 1 1 SHOWIN6 MITCHELL CLARK & 6AYLE CLARK AS BORROWERSIN THE AMOUNT OF S50,423.19. NOTE MATURITY
<br />DATE OF 09{25►2011.
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) Ipage 1 f 4)
<br />��"' m 1994 Bankers Systems, Inc., St. Cloud, MN Form RE-DT-NE 1/30/2002 � � v,p.eo`s
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