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<br />State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
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<br />® Construction Security Agreement
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<br />❑ Master form recorded by
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<br />1.
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is
<br />
<br />05 06 2011... ,
<br />, , , , . , , . ,
<br />, ,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />Mark E. Warford and Mary S. Warford, Husband & Wife
<br />424 Cherokee Ave
<br />Grand Island, NE 68803
<br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Archer Cooperative Credit Union
<br />2121 Archer Road
<br />Archer, NE 68816
<br />BENEFICIARY: Archer Cooperative 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 and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security 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: A tract of land located in the Northwest Quarter (NW114) of Section Twenty Four (24), in Township Eleven (11) North, Range Nine (9) West of the 6th
<br />P.M., Hall County, Nebraska, more particularly described as follows: Beginning at a point 105 feet North of the Southwest corner of the Northwest Quarter (NW114)
<br />of said Section 24; running thence North parallel with the West Section line of said Section 24, a distance of 105 feet; thence turning and running East parallel with
<br />the North Section line of said Section 24, a distance of 162 feet; thence turning and running South parallel with the West Section line of said Section 24, a distance of
<br />105 feet ; thence turning and running West parallel with the North Section line of said Section 24, a distance of 162 feet to the point of beginning
<br />The property is located in H.all................................ at 1311.S Shady Bend Road,,,,.,.,,,,,,,,,,,,,,,,
<br />(County)
<br />. brand IslanA Nebraska .
<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 stock 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 LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ .....U.NLIMITE.D This limitation 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 terms 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 existing Promissory Notes and specifically a Promissory Note of even date.
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />~j- ©1994 Bankers Systems, Inc., St. Cloud, MN Form RE-DT-NE 1130/2002
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