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<br />DEED OF TRUST
<br />PARTIES: This Deed of Trust is trade on March 03, 2000 among, the Grantor, DAVID V CHMELKA AND CAROLE K CHMELKA, A
<br />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 0
<br />Beneficiary, I IOMU FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the
<br />laws of NE BRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender "). p
<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: 3030 W 15TH ST, GRAND ISLAND, Nebraska 68803 -2423
<br />LEGAL DESCRIP'T'ION:
<br />A TRAC'I OF LAND COMPRISING TI WESTERLY FIFTY SIX (56) FEET OF LOT SIX (6), FRANZEN SUBDIVISION, A REPLAT OF
<br />LOT TWENTY ONE (21), ISLAND ACRES, CITY OF GRAND ISLAND HALL COUNTY STATE OF NEBRASKA
<br />Located in County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
<br />SI?CURF,D DEBT: 'I his 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 />Borr~ r , -wes 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 />IN A PROMISSORY NOTE AND SECURITY AGREEMENT DATED March 03, 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 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 March 10, 2006 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 $47,676.00, 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 hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTE: %D
<br />Pur :uri,t to the Farm Ilomestead Protection Act, designation of homestead iUttached 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 />SIGNA'i'U}�ES: By signin Tea u� , Borrower agree to the terms and convenants contained in this deed of trust, including those on page
<br />2, and in any`q-1 (I scri v signed by Borrower.
<br />) Vti V C11N1ELKA CAROLE K CHMELKA
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on March 03, 2000
<br />ky DAVID V Cl IMELKA and CAROLE K CI- IIvtELKA, A HUSBAND AND WIF'
<br />My cc nnur icy "I �y�y �
<br />DEBORAH J. NORMAN _ Notary Public)
<br />My Coonn. EV. Sept 19, 2001
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