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<br />State of Nebraska Space Above Thie Line For Recording Date
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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />❑ Construction Security Agreement
<br />❑ Master form recorded by .............................
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instru�ent) is 06-03-2011, , , , , , , , , , , , , , , , , ,
<br />........................
<br />and the parties, their addresses and ta�c identif'ication numbers, if required, are as follows: �
<br />� -
<br />TRUSTOR: Karen M. Neppl and Howard L. Schmitt, Husband & Wife `�
<br />3016 East Bismark Road
<br />Grand Island, NE 68801
<br />❑ If checked, refer to the aitached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Archer Coaperative Credit Union
<br />21 Z 1 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 ArcherRoad
<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 performaace uader this Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Ttustee, in trust for the benefit of Beneficiary, with power of sale, the following desccibed
<br />property: �e Exhibit A
<br />The property is located in ..... .. . ... . . . . . . . . . ... .. . . . . . . . H.�II . . .. . . . . . . . . . . . . . . . . . . . . . . . ..... at 3016 East Bismark, Road . . .. . . . . . .. . . . . . . . .. . . .
<br />(Counry)
<br />. . . . . . . . ...... .. . . . . .. . . . . . ... .. .... . ..... . . . . . . . . . . . .. .. . . . . . . . . . . . .... ... . . .. . . �i�,and lsland . . . . .. . . ... . . . . . . . . , Nebraska . . . . . . . . .�$$4�. . . . . . . . .
<br />(Address) (Ciry) (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 (a11 referred to as "Properiy").
<br />3. MAXIMiJM OBLIGATION LIMIT. The total principal amount secured by this Securiry Instrument at any one time sha11
<br />not exceed $ ,45,Q,O,Q ; O.Q , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 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 Securiry Instcument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Securiry Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurced under the terms of a11 promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modif'ications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' rtames, note amounts, interest rates, maturity dates, etc.)
<br />All existing Promissory Notes and spacifically a Promissory Note of even date.
<br />NEBRASKA - DEED OF TRUST INOT FOR FNMA, FHLMC, FHA OR VA USE) ` ���Z v./ (Page 1 0 41
<br />�M OO 1994 Bankars Systems, Inc., SY. Cloud, MN Form RE-DT•NE 1/30/2002
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