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_ <br />C <br />A <br />r <br />/•a Q <br />A <br />FC\ <br />N <br />a b <br />F <br />Z~ <br />Q <br />t <br />rn wo <br />n $ <br />7,~-RECQRDE D <br />20:1104550 <br /> <br />n V7 <br />CD <br />CD <br />rr1 <br />O <br />co <br />:Z <br />"3 <br />r <br />ra <br />~ <br />w <br />CIO <br />o' <br />N <br />State of Nebraska Space Above This Line For Recording Data <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 Instrument) is . . . .06.03.2011 . . <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: <br />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 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: See Exhibit A <br />The property is located in H.all................................ at 3016 East Bismark.Road <br />(County) <br />Q.................. Nebraska ......(ZIP C...j...... <br />armil flan (Address) (City) ode <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 $ 45,QOQ.OQ . 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) (Page 1 0 41 <br />~j M © 1994 Bankers Systems, Inc., St. Cloud, MN Form RE-DT-NE 113012002 <br />