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<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 />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is ..................10.15.2009• • • • • • • • • • • • • • • • • ,
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR:
<br />Larry J. Goodwin, A Single Person
<br />5537 n 190th Road
<br />Cairo, NE 68824
<br />^ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRLJSTEE: Archer Cooperative Credit Union
<br />1414 16th street P.U. Bax 284
<br />Central City, NE 68826.0284
<br />BENEFICIARY: Archer Cooperative Credit Union
<br />Organized and existing under the laws of the state of Nebraska
<br />1414 Sixteenth Street
<br />P.O. Box 284 Central City, NE 68826.0284
<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 'frustor's performance under this Security Instrument, I'rustor 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 comprising a part of the Southwest Quarter of the Northwest Quarter (SWt/a NW'/a -, in Section Twenty (20-, Township Twelue (1 ZI
<br />North, Range Twelve (12- West of the 6th P.M., in Hall County, Nebraska, mare particularly described as follows: Beginning at the southwest corner of said
<br />Southwest Quarter of the Northwest Quarter (5Wt/a NW'/a -; thence running northerly on the west line of said Southwest Quarter of the Northwest 0uarter
<br />(SW'/4 NW'/a -, an an Assumed Bearing of N04°20'38"W, a distance of Eight Hundred Ninety Three and Fifty Hundredths (893.50) feet; thence running 589°00'46"E,
<br />a distance of Five Hundred Thirty Three and Sixty Hundredths (533.60) feet; thence running 800°59' 14"W, a distance of Eight Hundred Eighty Seven and Twenty Nine
<br />Hundredths (887.29) feet, to a point on the south line of said Southwest Quarter of the Northwest Quarter (5W'/a NW'/a -; th®nce running N89° 18'41 "W, on the south
<br />line of said Southwest Quarter of the Northwest Quarter (SW'/a NW'/a -, a distance of Faur Hundred Fifty and Fifty Nine Hundredths (450.59- feet, to the point of
<br />beginning.
<br />The property is located in ................................ N~11................................. at 5537 N.,190th Road .......................... .
<br />(County)
<br />............................................................. ........................Cairo......................., Nebraska ........68824 ........
<br />(Address) (City) (jIP 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 rtaay
<br />now, or at any t.nne 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 $ 7.0,75.Q.5.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 Security lnstrumeni to protect Beneficiary's security and to perform any of the covenants contained is 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 yort include items such as borrowers' narrres, note amounts, interest rates, maturity dates, etc.)
<br />Promissory note dated 1011412009 showing Larry J. Goodwin as borrower in the amount of S7O754.50Maturity date is 04.15.2010
<br />NEBRASKA - DEfD OF TRUST (NOT FDR FNMA, FHLMC, FHA OR VA USE) r~F~ (page of 41
<br />~~"" ©1994 Bankers Systems, Inc., St. Cloud, MN Form RE-DT-NE 1!30!2002
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