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<br /> . 200000165
<br /> DEED OF TRUST
<br /> PARTIES:ThisDeedofTrustismadeonDec . 20 , 1999 ,among , the Grantor , James C. Crosland and �,
<br /> Rita C . Cras.�and-,--Husband and Wife (Borrower) , �""�
<br /> AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee"), and the �
<br /> Beneficiary,HOI�1E rEBERAi,SAVii�'GS r1idL L�r`�N ASSOCIATION OF GRAND ISi,AND,a corporation organized and existing under the
<br /> laws of NEBRASKA whose address is 22 i SOUTH LOCUST STREET,GRAND ISLAND,NEBRASKA 68801 ("Lender").
<br /> CONVEYANCE: For value received, Borrower irrevocably grants a�.d conveys to Trustee, in trust, with power of sale, the real property, of
<br /> which Borrower is lawfully seized, described below and all buildings, fixtures, and existing and future improvements thereon and all rights-of-
<br /> way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br /> "property").
<br /> PROPERTY ADDRESS:308 EAS T SYRIA,CAIRO,Nebraska 68824
<br /> LEGAL DESCRIPTION:
<br /> LOTS FIVE(5)AND SIX(6),BLOCK THREE(3),THIRD ADDITION TO CAIRO,HALL COUNTY,NEBRASKA
<br /> Located in Hall County,Nebraska.
<br /> TITLE:Borrower convenants and wanants title to the property,except for
<br /> SECURED DEBT: This deed of trust secures to Lender repayment of the secured debt and the performance of the convenants and agreements
<br /> contained in this deed of trust and in any other document incorporated herein. Secured debt,as used in this deed of trust, includes any amounts
<br /> Bonower owes to Lender under this deed of trust or under any instrument secured by this deed of trust, and all modifications, extensions and
<br /> renewals thereof.
<br /> The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof.):
<br /> � A PROMISSORY NOTE AND SECURITY AGREEMENT DATED DECEMBER 20, 1999
<br /> � Future advances: The above amount is secured even though all or part of it may not yet be advanced. Future advances are
<br /> contemplated and will be secured to the same extent as if made on the date of this deed of trust is executed.
<br /> ❑ Revolving line of credit agreement dated ,with initial annual interest rate of °/a
<br /> All amounts owed under this agreement are secured even though all amounts may not yet be advanced. Future advances under
<br /> the agreement are contemplated and will be secured to the same extent as if made on the date this deed of trust is executed.
<br /> The above obligation is due and payable on December 20,2009 if not paid earlier.
<br /> The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of$32,066.50, plus
<br /> interest, plus any amounts disbursed under the terms of this deed of trust to protect the security of this deed of trust or to perform any of the
<br /> covenants contained in this deed of trust,with interest on such disbursements.
<br /> � Variable Rate:The interest rate on the obligation secured by this deed of trust may vary according to the terms of that obligation.
<br /> � A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed of trust and
<br /> made a part hereof.
<br /> RIDERS:ASSIGNMENT OF RENTS
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Farm Homestead Protection Act,designation of homestead i�ttached to this deed of trust and made a part hereof has
<br /> � been disclaimed;the disclaimer is attached to this deed of tnzst and made a part hereof. ` �
<br /> SIGN URES: By signing below,Borrower agr the terms and convenants contained in this deed of trust,including those on page
<br /> 2,an in any riders describe ove s' ed y orrow . � � i
<br /> (�/C��y� !
<br /> C ��
<br /> JAMES CROSLAND RITA C CROSLAND
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA,HALL COUNTY SS:
<br /> The foregoing instrument was acknowledged before me on D e c e m b e r 2 0 , 19 9 9
<br /> By JAMES C CROSLAND and RITA C CROSLAND,HUSBAND D WIFE
<br /> My commission expires: ��� �
<br /> 6ENEfiN.NOTARY-State p( otary Public)
<br /> r
<br /> U3A R.MAYEA
<br /> My Comm bq•I�lay 10,2003 f
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