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<br />DEED OF TRUST
<br />Data
<br />200204091 0,
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is April 10, 2002. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />SHAFER DEVELOPMENT LLC
<br />a Nebraska Limited Liability Company
<br />819 N. Diets Avenue
<br />Grand Island, Nebraska 68803
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Corporation
<br />2223 Second Ave
<br />PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />470343902
<br />BENEFICIARY (Lender):
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />2223 Second Ave.; PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />47- 0343902
<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 irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />Lot Two (2), Crane Valley Second Subdivision, in the City of Grand Island, Hall County, Nebraska
<br />The property is located in Hall County at 819 N. Diets Avenue, Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $1,008,370.41. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 233217 -103, dated April 10, 2002, from Grantor to Lender, with a
<br />loan amount of $1,008,370.41 with an interest rate based on the then current index value as the promissory
<br />note prescribes and maturing on April 10, 2007.
<br />B. 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 />Nebnske Dastl Or TruO I d.h _
<br />NEl4xx1068950052980OW35280 24041002Y °1996 Darken 9yvt ,, Inc., 9t. Cr—d, MN Fir(erT1." F., 1
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<br />Data
<br />200204091 0,
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is April 10, 2002. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />SHAFER DEVELOPMENT LLC
<br />a Nebraska Limited Liability Company
<br />819 N. Diets Avenue
<br />Grand Island, Nebraska 68803
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Corporation
<br />2223 Second Ave
<br />PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />470343902
<br />BENEFICIARY (Lender):
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />2223 Second Ave.; PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />47- 0343902
<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 irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />Lot Two (2), Crane Valley Second Subdivision, in the City of Grand Island, Hall County, Nebraska
<br />The property is located in Hall County at 819 N. Diets Avenue, Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $1,008,370.41. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 233217 -103, dated April 10, 2002, from Grantor to Lender, with a
<br />loan amount of $1,008,370.41 with an interest rate based on the then current index value as the promissory
<br />note prescribes and maturing on April 10, 2007.
<br />B. 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 />Nebnske Dastl Or TruO I d.h _
<br />NEl4xx1068950052980OW35280 24041002Y °1996 Darken 9yvt ,, Inc., 9t. Cr—d, MN Fir(erT1." F., 1
<br />
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