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20114306� <br />State of Nebraska Space Above This Line For Recording Data <br />REAL ESTATE DEED OF TRUST <br />(With Future Advance Clause) <br />❑ Construction 5ecurity Agreement ❑ Master forrc� re�orded by <br />1. DATE AND PARTIES. The date of this Deed of Trust is 04-18-2011 and the parties and <br />their addresses are as follows: <br />TRUSTOR: ROBERT J. SCHULTZ AND KRISTIN L. SCHULTZ, HUSBAND AND WIFE <br />12788 W CHAPMAN ROAD <br />GRAND ISLAND, NE 68803 <br />O Refer to the Addendum which is attached and incorporated herein for additional Trustors. <br />TRUSTEE: FIRST STATE BANK <br />119 C STREET, P 0 BOX 839 <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 68876 <br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to <br />secure the Secured Debt (heroafter defined), Trustor irrevoca�ly grants, conveys and sells tn Trustee, in trust for the <br />benefit of the Beneficiary, with power of sale, the following described property: <br />SEE EXHIBIT °A° <br />°DEFAULT SHALL ALSO EXIST IF ANY LOAN PROCEEDS ARE USED FOR A PURPOSE THAT WILL CONTRIBUTE TO EXCESSIVE EROSION OF HIGHLY ERODIBLE LAND <br />OR TO THE CONVERSION OF WETLAND TO PRODUCE OR TO MAKE POSSIBLE THE PRODUCTION OF AN AGRICULTURAL COMMODITY, FURTHER EXPLAINED IN 7 <br />C.F.R. PART 1940, SUBPART G, EXHIBIT M.° <br />The property is located in HALL at 12788 W CHAPMAN ROAD <br />(county) <br />, CAIRO , Nebraska68824 <br />(Address� (City) IZip Code) <br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all <br />diversion payments or third party payments made to crop producers, and all existing and future improvements, <br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described <br />above (all referred to as "Property"). The term Property also includes, but is not limited to, any and all water wells, <br />water, ditches, reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights <br />associated with the Property, however established. <br />NEBRASKA - AC3RICULTURAL/COMMERCIAL REAL ESTATE SECURITY INSTRUMENT —��� fPage 1 of 81 <br />(NOT FOR FNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) j� / �� 'v` � <br />� OO 1993, 2001 Bankers Systems, Inc., St. Cloud, MN Form AGCO-RESI-NE 1/17/2003 _ <br />