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201104739
<br />BENEFICIARY (Lender):
<br />CITIZENS STATE BANK
<br />Organized and existing under the laws of the United States of America
<br />121 N. CHESTNUT
<br />P.O. BOX 10
<br />SPALDING, NE 68665
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor does
<br />hereby irrevocably grant, convey and sell to Trustee, in trust for the benefit of Lender, with power of sale, the
<br />following described property:
<br />LOTS 1 AND 2, AMERICAN INDEPENDENCE THIRD SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />The property is located in Hall County at LOT 1 AND 2, GRAND ISLAND, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock, crops, timber, all diversion payments or third party payments
<br />made to crop producers and all existing and future improvements, structures, fixtures, and replacements that
<br />may now, or at any time in the future, be part of the real estate described (all referred to as Property). This
<br />Security Instrument will remain in effect until the Secured Debts and all underlying agreements have been
<br />terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time and from time to time will not exceed 5200,000.00. Any limitation of amount does not include interest
<br />and other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not
<br />apply to advances made under the terms of this Security Instrument to protect Lender's security and to
<br />perform any of the covenants contained in this Security Instrument.
<br />3. SECURED DEBTS.
<br />following:
<br />A. Specific Debts�
<br />replacements. A p
<br />to Lender, with a loan amount of
<br />S 200,000.00.
<br />secure each of the
<br />modifications and
<br />2011, from Grantor
<br />B. All Debts. All present and future debts from Grantor to Lender, even if this Security Instrument is not
<br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br />one person signs this Security Instrument, each agrees that it will secure debts incurred.either individually or
<br />with others who may not sign this Security Instrument. Nothing in this Security Instrument constitutes a
<br />commitment to make additional or future loans or advances. Any such commitment must be in writing. In
<br />the event that Lender fails to provide any required notice of the right of rescission, Lender waives any
<br />subsequent security interest in the Grantor's principal dwelling that is created by this Security Instrument.
<br />This Security Instrument will not secure any debt for which a non-possessory, non-purchase money security
<br />interest is created in "household goods" in connection with a"consumer loan," as those terms are defined
<br />by federal law governing unfair and deceptive credit practices. This Security Instrument will not secure any
<br />debt for which a security interest is created in "margin stock" and Lender does not obtain a"statement of
<br />purpose," as defined and required by federal law governing securities. This Security Instrument will not
<br />secure any other debt if Lender fails, with respect to that other debt, to fulfill any necessary requirements or
<br />limitations of Sections 19(a), 32, or 35 of Regulation Z.
<br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
<br />KELLY CONNELLY
<br />Nebraska Deed Of Trust
<br />NE/4XXDIANNK00000000000621053062371N Wolters Kluwer Financial Services °1996, 2011 Bankers SystemsTM
<br />Initials
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