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<br />611700 -17- 502847
<br />DEED OF TRUST
<br />(Page 1 of 5)
<br />F7X IF BOX IS CHECKED, THIS DEED OF TRUST IS OPEN -END AND SECURES FUTURE ADVANCES.
<br />THIS DEED OF TRUST is made this
<br />KIRK BACKUS AND ROBIN BACKUS,
<br />25TH day of APR I L
<br />HUSBAND AND WIFE
<br />, 20 01
<br />, among the Grantor,
<br />(herein "Borrower "), AMER I CAN PIONEER TITLE INSURANCE COMPANY
<br />(herein "Trustee ") and the Beneficiary, BENEFICIAL NEBRASKA I NC . D / B / A BENEFICIAL MORTGAGE CO .
<br />a corporation organized and existing under the law of NEBRASKA whose address is
<br />2604 ST PATRICK, STE 7, GRAND ISLAND, NE 58803
<br />herein "Lender").
<br />The following paragraph preceded by a checked box is applicable.
<br />q WHEREAS, Borrower is indebted to Lender in the principal sum of $
<br />evi enced by Borrower's Loan Agreement dated and any extensions or renewals thereof
<br />including those pursuant to any Renegotiable Rate Agreemen1 i.rein KO Iproviding for monthly installments of
<br />principal and interest, including any adjustments to the amount of payments or the contract rate if that rate is variable,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on
<br />WHEREAS, Borrower is indebted to Lender in the principal sum of $ 25, 000.00 , or so much thereof
<br />as may be advanced pursuant to Borrower's Revolving LoanAgreement dated APRIL 25, 2001 and
<br />extensions and renewals thereof (herein "Note "), providing for monthly installments, and interest at the rate and under
<br />the terms specified in the Note,including any adjustments in the interest rate if that rate is variable,and providing for a
<br />credit limit stated in the principal sum above and an initial advance of $24, 999. 00
<br />TO SECURE to Lender the repayment of the indebtedness, including future advances, evidenced by the Note,
<br />with interest thereon at the applicable contract rate (including any adjustments to the amount of payment or the
<br />contract rate if that rate is variable) and other charges; the payment of all other sums, with interest thereon, advance in
<br />accordance herewith to protect the security of this Deed of Trust; and the performance of the convenants and
<br />agreements of Borrower herein contained, Borrower, in consideration of the indebtedness herein recited and the trust
<br />herein created, irrevocably grants and conveys to Trustee, in trust with power of $ale, the following described property
<br />located in the County of HALL State of Nebraska:
<br />LOT 8, BLOCK 2, WIESER SUBDIVISION, A SUBDIVISION IN HALL
<br />COUNTY, NEBRASKA
<br />n, -n, -nn nnT 1111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111
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<br />DEED OF TRUST
<br />(Page 1 of 5)
<br />F7X IF BOX IS CHECKED, THIS DEED OF TRUST IS OPEN -END AND SECURES FUTURE ADVANCES.
<br />THIS DEED OF TRUST is made this
<br />KIRK BACKUS AND ROBIN BACKUS,
<br />25TH day of APR I L
<br />HUSBAND AND WIFE
<br />, 20 01
<br />, among the Grantor,
<br />(herein "Borrower "), AMER I CAN PIONEER TITLE INSURANCE COMPANY
<br />(herein "Trustee ") and the Beneficiary, BENEFICIAL NEBRASKA I NC . D / B / A BENEFICIAL MORTGAGE CO .
<br />a corporation organized and existing under the law of NEBRASKA whose address is
<br />2604 ST PATRICK, STE 7, GRAND ISLAND, NE 58803
<br />herein "Lender").
<br />The following paragraph preceded by a checked box is applicable.
<br />q WHEREAS, Borrower is indebted to Lender in the principal sum of $
<br />evi enced by Borrower's Loan Agreement dated and any extensions or renewals thereof
<br />including those pursuant to any Renegotiable Rate Agreemen1 i.rein KO Iproviding for monthly installments of
<br />principal and interest, including any adjustments to the amount of payments or the contract rate if that rate is variable,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on
<br />WHEREAS, Borrower is indebted to Lender in the principal sum of $ 25, 000.00 , or so much thereof
<br />as may be advanced pursuant to Borrower's Revolving LoanAgreement dated APRIL 25, 2001 and
<br />extensions and renewals thereof (herein "Note "), providing for monthly installments, and interest at the rate and under
<br />the terms specified in the Note,including any adjustments in the interest rate if that rate is variable,and providing for a
<br />credit limit stated in the principal sum above and an initial advance of $24, 999. 00
<br />TO SECURE to Lender the repayment of the indebtedness, including future advances, evidenced by the Note,
<br />with interest thereon at the applicable contract rate (including any adjustments to the amount of payment or the
<br />contract rate if that rate is variable) and other charges; the payment of all other sums, with interest thereon, advance in
<br />accordance herewith to protect the security of this Deed of Trust; and the performance of the convenants and
<br />agreements of Borrower herein contained, Borrower, in consideration of the indebtedness herein recited and the trust
<br />herein created, irrevocably grants and conveys to Trustee, in trust with power of $ale, the following described property
<br />located in the County of HALL State of Nebraska:
<br />LOT 8, BLOCK 2, WIESER SUBDIVISION, A SUBDIVISION IN HALL
<br />COUNTY, NEBRASKA
<br />n, -n, -nn nnT 1111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111
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