|
`mii 2 D
<br />M to
<br />irn LA y = C: , rn
<br />h �� S d O to
<br />K N " -t
<br />O
<br />PQ
<br />O
<br />W O C,
<br />m
<br />�
<br />T c r r. c
<br />co
<br />O �., y. F- ► �.
<br />66
<br />fA o
<br />200108712 '
<br />DEED OF TRUST
<br />PARTIES: This Deed of Trust is made on 08/27/2001 among, the Grantor, ROBERT L LOEWENSTEIN AND CINDY L LOEWENSTEIN,
<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 (\
<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 ").
<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: S CHERRY ST AND E SUNSET AVE, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />A TRACT OF LAND COMPRISING A PART OF THE EAST HALF OF THE NORTHEAST QUARTER (E1 /2NE1 /4) OF SECTION
<br />TWENTY TWO (22), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA
<br />MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE SOUTH LINE OF VALLEY VIEW
<br />SUBDIVISION, HALL COUNTY, NEBRASKA SAID POINT BEING ONE THOUSAND FIVE HUNDRED THIRTY THREE AND TWO
<br />TENTHS (1,533.2) FEET NORTH OF THE SOUTHWEST CORNER OF THE EAST HALF (El /2) OF THE NORTHEAST QUARTER
<br />(NEi /4) AND ONE HUNDRED EIGHTY FIVE (185.0) FEET E. OF W. LINE OF SAID E1 /2NE1 /4, THENCE SOUTHERLY PARALLEL
<br />TO THE WEST LINE OF SAID E1 /2 NEI /4 A DISTANCE OF SIX HUNDRED SEVENTEEN (617.0) FEET; THENCE EASTERLY
<br />PARALLEL TO THE SOUTH LINE OF SAID VALLEY VIEW SUBDIVISION A DISTANCE OF SIX HUNDRED NINETY SEVEN AND
<br />TWENTY FIVE HUNDREDTHS (697.25) FEET; THENCE NORTHERLY PARALLEL TO SAID WEST LINE OF THE E1 /2 NEIA A
<br />DISTANCE OF SIX HUNDRED SEVENTEEN (617.0) FEET TO SAID SOUTH LINE OF VALLEY VIEW SUBDIVISION THENCE
<br />WESTERLY ALONG AND UPON SAID SOUTH LINE OF VALLEY VIEW SUBDIVSION A DISTANCE OF SIX HUNDRED NINETY
<br />SEVEN AND TWENTY FIVE HUNDREDTHS (697.25) FEET TO THE PLACE OF BEGINNING EXCEPTING A TRACT OF LAND
<br />MORE PARTICULARLY DESCRIBED IN WARRANTY DEED RECOREDED AS DOCUMENT NO. 84- 001788 AND EXCEPTING A
<br />TRACT OF LAND MORE PARTICULARLY DESCRIBED IN DEED RECORDED AS DOCUMENT NO. 76- 003263.
<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 />0 A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 08/27/2001
<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 December 15, 2007 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 $30,060.50, 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❑ittached 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 signing below, Borrower agree to the terms and convena s contained in this deed of trust, including those on page
<br />2, and in an ' ers describoo abov gned by Borrower. ,
<br />BERT L LOj-tWh1WTEIN CINDY L LOEWENSTEIN
<br />
|