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<br />Return To:
<br />Home Federal Savings & Loan
<br />P O Box 1009
<br />Grand Island, NE 68802
<br />PROPERTY ADDRESS: 41 Kuester Lk., Grand Island, NE 68801
<br />LEGAL DESCRIPTION:
<br />Located in Hall County, Nebraska.
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<br />CHATTEL MORTGAGE
<br />DEED OF TRUST 9^
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<br />PARTIES: This Deed of Trust is made on September 18, 2017, among the Grantor, Terry Babcock a/k/a Terry L Babcock
<br />and Tracy Babcock a/k/a Tracy L Babcock, Husband and Wife ( "Borrower "), AREND R BAACK, ATTORNEY, whose
<br />residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the Beneficiary, HOME
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under
<br />the laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801
<br />( "Lender ").
<br />CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale,
<br />the real property, of which Borrower is lawfully seized, described below and all buildings, fixtures, and existing and future
<br />improvements thereon and all rights -of -way, easements, rents, issues, profits, income, tenements, hereditaments, privileges
<br />and any appurtenances thereunto belonging (all called the "property").
<br />Lot Twenty (20), having a lake foot frontage on One Hundred (100') feet, situated on the East side of East Portion of
<br />Kuester Lake, and being on a part of the East Half of the Southwest Quarter (E1 /2SW1 /4), in Section Thirteen (13),
<br />Township Eleven (11), North, Range Nine (9) West of the 6th P.M., 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
<br />convenants and agreements contained in this deed of trust and in any other document incorporated herein. Secured debt,
<br />as used in this deed of trust, includes any amounts Borrower owes to Lender under this deed of trust or under any
<br />instrument secured by this deed of trust, and all modifications, extensions and 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 September 18, 2017.
<br />❑ Future advances: The above amount is secured even though all or part of it may not yet be advanced.
<br />Future advances are contemplated and will be secured to the same extent as if made on the date of this deed of
<br />trust is executed.
<br />All amounts owed under this agreement are secured even though all amounts may not yet be advanced. Future advances
<br />under the agreement are contemplated and will be secured to the same extent as if made on the date this deed of trust is
<br />executed.
<br />The above obligation is due and payable on April 1, 2018, 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
<br />$400,000.00, plus interest, plus any amounts disbursed under the terms of this deed of trust to protect the security of this
<br />deed of trust or to perform any of the 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
<br />terms of that obligation. A Rider containing the terms under which the interest rate may vary is attached to this deed of
<br />trust and made a part hereof.
<br />Riders:
<br />❑ PUD ❑ Condominium ❑ ARM ❑ Other
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