|
a
<br />DEED OF TRUST
<br />M can
<br />n s
<br />200003135
<br />_,.
<br />PARTIES: This Deed of Trust is made on April 13, 2000 among, the Grantor, GERALD L HEHNKE AID CAROLYN HEHNKE, HUSBAND
<br />AND WIFE (`Borrower "), —
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and th e
<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 ISLAND, NEBRASKA 68801 ( "Lender "). l \'
<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: 417 AND 419 S VINE, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />A PART OF BLOCK TWO (2) OF KOEHLER SUBDIVISION OF A PART OF THE SOUTHEAST QUARTER OF THE SOUTHWEST
<br />QUARTER (SE 1 /4SW1 /4) OF SECTION FIFTEEN (15), IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9), WEST OF THE 6TH
<br />P.M., HALL COUNTY, NEBRASKA, AND A PART OF LOT FOURTEEN (14) OF THE COUNTY SUBDIVISION OF THE WEST HALF
<br />OF THE SOUTHWEST QUARTER (W1 /2 SWI /4) OF SECTION FIFTEEN (15), IN TOWNSHIP ELEVEN (11) NORTH RANGE NINE (9),
<br />WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS, TO -WIT:
<br />COMMENCING AT THE SOUTHWEST CORNER OF SAID BLOCK TWO (2), RUNNING THENCE NORTH ALONG AND UPON THE
<br />WEST BOUNDARY LINE OF SAID BLOCK TWO (2) FOR A DISTANCE OF 114.3 FEET, RUNNING THENCE EAST PARALLEL WITH
<br />THE NORTH BOUNDARY LINE OF SAID BLOCK FOR A DISTANCE OF 160 FEET RUNNING THENCE SOUTH PARALLEL WITH
<br />THE WEST BOUNDARY LINE OF SAID BLOCK FOR A DISTANCE OF 39.9 FEET TO THE NORTHERLY BOUNDARY LINE OF THE
<br />BELT LINE OF THE CHICAGO BURLINGTON & QUINCY RAILROAD COMPANY RUNNING THENCE IN A SOUTHWESTERLY
<br />DIRECTION ALONG AND UPON THE NORTHERLY BOUNDARY LINE OF SAID BELT FOR A DISTANCE OF 175,3 ,FEET TO THE
<br />PLACE OF BEGINNING.
<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 April 13, 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 April 15, 2010 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 $65,010.00, 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 HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead i�lttached 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 rideyf described above s'gned by Borrower.
<br />GERALD L HEHNKE CAROLY HEHNKE
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on April 13, 2000 !��,,, BARRY G. SANIDSTROr,l
<br />By GERALD L HEHNKE and CAROLYN HEHNKE, HUSBAND AND WIFE MY Comm. Exp. June 30, 2001
<br />My commission expires: �b 6 ,'da - x.001 C \v \�
<br />CA-A_A_,-�A J (Notary Puhlicl
<br />G
<br />n
<br />p
<br />C) cn
<br />rn
<br />Z
<br />o
<br />o
<br />c n
<br />rn
<br />c3.
<br />o
<br />o
<br />Qj
<br />o
<br />o
<br />_n
<br />o
<br />cn
<br />�
<br />0
<br />m
<br />n co
<br />p
<br />ZD
<br />r-
<br />r
<br />a
<br />cn ,
<br />>.
<br />W
<br />N
<br />CD
<br />C=)
<br />%
<br />W
<br />Z
<br />Oi
<br />(n
<br />C/7
<br />O
<br />200003135
<br />_,.
<br />PARTIES: This Deed of Trust is made on April 13, 2000 among, the Grantor, GERALD L HEHNKE AID CAROLYN HEHNKE, HUSBAND
<br />AND WIFE (`Borrower "), —
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and th e
<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 ISLAND, NEBRASKA 68801 ( "Lender "). l \'
<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: 417 AND 419 S VINE, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />A PART OF BLOCK TWO (2) OF KOEHLER SUBDIVISION OF A PART OF THE SOUTHEAST QUARTER OF THE SOUTHWEST
<br />QUARTER (SE 1 /4SW1 /4) OF SECTION FIFTEEN (15), IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9), WEST OF THE 6TH
<br />P.M., HALL COUNTY, NEBRASKA, AND A PART OF LOT FOURTEEN (14) OF THE COUNTY SUBDIVISION OF THE WEST HALF
<br />OF THE SOUTHWEST QUARTER (W1 /2 SWI /4) OF SECTION FIFTEEN (15), IN TOWNSHIP ELEVEN (11) NORTH RANGE NINE (9),
<br />WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS, TO -WIT:
<br />COMMENCING AT THE SOUTHWEST CORNER OF SAID BLOCK TWO (2), RUNNING THENCE NORTH ALONG AND UPON THE
<br />WEST BOUNDARY LINE OF SAID BLOCK TWO (2) FOR A DISTANCE OF 114.3 FEET, RUNNING THENCE EAST PARALLEL WITH
<br />THE NORTH BOUNDARY LINE OF SAID BLOCK FOR A DISTANCE OF 160 FEET RUNNING THENCE SOUTH PARALLEL WITH
<br />THE WEST BOUNDARY LINE OF SAID BLOCK FOR A DISTANCE OF 39.9 FEET TO THE NORTHERLY BOUNDARY LINE OF THE
<br />BELT LINE OF THE CHICAGO BURLINGTON & QUINCY RAILROAD COMPANY RUNNING THENCE IN A SOUTHWESTERLY
<br />DIRECTION ALONG AND UPON THE NORTHERLY BOUNDARY LINE OF SAID BELT FOR A DISTANCE OF 175,3 ,FEET TO THE
<br />PLACE OF BEGINNING.
<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 April 13, 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 April 15, 2010 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 $65,010.00, 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 HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead i�lttached 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 rideyf described above s'gned by Borrower.
<br />GERALD L HEHNKE CAROLY HEHNKE
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on April 13, 2000 !��,,, BARRY G. SANIDSTROr,l
<br />By GERALD L HEHNKE and CAROLYN HEHNKE, HUSBAND AND WIFE MY Comm. Exp. June 30, 2001
<br />My commission expires: �b 6 ,'da - x.001 C \v \�
<br />CA-A_A_,-�A J (Notary Puhlicl
<br />
|