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A = rn = z rn N =' —+ ° ae o w o-n O e CD d O -n H R / n o ': = rn' v` m Cn O M r 710 N t C vn rn cr CC (Space Above This Line For Recording Data) (Page 1 of 5) DEED OF TRUST 611700 -17- 502730 a X IF BOX IS CHECKED, THIS DEED OF TRUST IS OPEN -END AND SECURES FUTURE ADVANCES. Q THIS DEED O UST is made this 27TH day of MARCH , 20 01 , among the Grantor, GERALD L SCHE9 AND CONNIE M SCHEER, HUSBAND AND WIFE, GRANTEES, AS JOINT TENANTS WITH RIGHTS OF SURVIVORSHIP AND NOT AS TENANTS -IN- COMMON (herein "Borrower "), AMERICAN PIONEER TITLE INSURANCE COMPANY (herein "Trustee ") and the Beneficiary, BENEFICIAL NEBRASKA I NC , D / B / A BENEFICIAL MORTGAGE CO. a corporation organized and existing under the law of NEBRASKA whose address is 2604 ST PATRICK, STE 7, GRAND ISLAND, NE 68803 (herein "Lender "). The following paragraph preceded by a checked box is applicable. 2 WHEREAS, Borrower is indebted to Lender in the principal sum of $ evi enced by Borrower's Loan Agreement dated and any extensions or renewals thereof including those pursuant to any Renegotiable Rate Agreement herein "Note" ,—providing for monthly installments of principal and interest, including any adjustments to the amount of payments or the contract rate if that rate is variable, with the balance of the indebtedness, if not sooner paid, due and payable on 7X WHEREAS, Borrower is indebted to Lender in the principal sum of $ 35, 000.00 , or so much thereof as may be advanced pursuant to Borrower's Revolving LoanAgreement dated MARCH 27, 2001 and extensions and renewals thereof (herein "Note"), providing for monthly installments, and interest at the rate and under the terms specified in the Note,including any adjustments in the interest rate if that rate is variable,and providing for a credit limit stated in the principal sum above and an initial advance of $35, 000.00 TO SECURE to Lender the repayment of the indebtedness, including future advances, evidenced by the Note, with interest thereon at the applicable contract rate (including any adjustments to the amount of payment or the contract rate if that rate is variable) and other charges; the payment of all other sums, with interest thereon, advance in accordance herewith to protect the security of this Deed of Trust; and the performance of the convenants and agreements of Borrower herein contained, Borrower, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee, in trust with power of sale, the following described property located in the County of HALL State of Nebraska: LOT TWO (2), BLOCK ONE (1), JENKINSON SUBDIVISION TO GRAND ISLAND, HALL COUNTY, NEBRASKA. I Iillilll III VIII (IIII IIIIII IIII IIIIII VIII IIII (IIIIII III VIII IIIIII IIIIII VIII III illll VIII VIII (IIIIII IIII IIII (IIII (IIII VIII VIII VIII iililll II (III