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<br /> 200 �00 �72 �
<br /> DEED OF TRUST
<br /> �o
<br /> PARTIES: This Deed of Trust is made on January O5,2000 among,the Grantor,JEROME R BARRY AND CHELSA A BARRY,HUSBAND S :
<br /> AND WIFE("Borcower"), �
<br /> AREND R BAACK, ATTORNEY, whose residence address is F. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee"), and the :
<br /> Beneficiary,HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,a corporation organized and existing under the
<br /> laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET,GRAND ISLANq NEBRASKA 68801 ("Lender"). :
<br /> CONVEYANCE: For value received, Borrower irrevocably grants and 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:4404 CALVIN DR,GRAND ISLAND,Nebraska 68801
<br /> LEGAL DESCRIPTION:
<br /> LOT ELEVEN(11),IN BLOCK ONE(1),LAKE DAVIS ACRES SUBDIVISION,HALL COUNTY,NEBRASKA.
<br /> Located in Hall County,Nebraska. :
<br /> TITLE:Borrower convenants and warrants 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 /> Borrower 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 January O5,2000 :
<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 % :
<br /> All amounts owed under this agreement are secured even though all amounts may not yet be advanced. Future advances under :
<br /> the agreement aze 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 July 08,2000 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$125,061.00, 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 hereo£ :
<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 trust and made a part hereof.
<br /> SIGNATURES: By signing below,Borrower agree to the terms and convenants contained in this deed of trust,including those on page :
<br /> 2,and in any riders described above signed by Borrower. �
<br /> �- Ct L l�
<br /> OME R RRY CHELSA A BARRY
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA,HALL COUNTY SS:
<br /> The foregoing instrument was acknowledged before me on January O5,2000 :
<br /> By JEROME R BARRY and CHELSA A BARRY,HUSBAND AND WIFE
<br /> My commission expires State of NeDraska`
<br /> � �-- otary Public)
<br /> JACALYN A,qYOU
<br /> — �Y�a►nm.Exp.Jury 16.2002
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