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<br /> DEED OF "TRUST CD
<br /> PARTIES: This Deed of Trust is made on 0812212001 among, the Grantor, TIMOTHY L HOLLOWAY AND PATRiCE N1 HOLLOWAY,
<br /> HUSBAND AND WIFE ("Borrower"),
<br /> AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790 Grand Island, Flail County, Nebraska ("Trustee"), and the C]
<br /> Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the %S N
<br /> taws of NEBRASKA whosc address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ("Lender"). 0
<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, deserub:d below and all buildings, fixture,, and existing aid future improvements thereon and all rights-of.
<br /> way, easements, rents, issues, profits, income, tenements, hereditamcnts, privileges and any appurtenances thereunto belonging (all called the
<br /> ..property").
<br /> PROPERTY ADDRESS: il:D7 TARA PLACE, GRAND ISLAND. Nebraska 68801
<br /> LEGAL DESCRIPTION:
<br /> LOT T. HIR"I Y NINE (39) RAVENWOOD SUBDIVISION IN THE CITY OF GRAND ISLAND. HALL COUNTY, NEBRASKA.
<br /> Located in Hall County, Nebraska.
<br /> TITLE.- Borrower convenants and v•rrrants title to the property, except for
<br /> SECURED DEBT: This deed of trust secures to Lender repayment of the secured debt and the aerformance of the convenants anu 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 )f 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 deea of trust and the dates thereof.):
<br /> ®A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 08/22."1001
<br /> Is 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 arnoul-,- owed under this agreement are secured even though all amounts may not yet be advanced. Future advances under
<br /> the agreement are contemplated anti will be secured to the same extent as if made on the date this deed of trust is executed.
<br /> i he e obligation is due and payable on September 15, 2011 if not paid earlier.
<br /> The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum prine;pal amount of $19,250.23, 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 :his died of trust may vary according to the terms of that obligation.
<br /> G A copy of the loan a}reement containing the tennis under which the interest role may vary is attached Co this deed of trust and
<br /> made a pan hereof.
<br /> RIDERS: ASSIGNMENT OF RENTS
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Farm Homestead Protection Act, designation of homestead iQttached to this deed of trust and made a part hereof has
<br /> C] been disclaimed, the disclaims is attached to this deed of trust and made a part hereof.
<br /> SIGNATURES: By signing below, B r]ow ree to the terms and conven contained in this deed of trust, including those on page
<br /> 2, and ' any ri ers lred at~v inn Borrower..
<br /> TIMOTHY OLL01 x11•• PATRICE IN1 IIOLLOWA
<br />
<br /> ACKNOWLEDGMENT- STATE OF NEBRASKA, HALL COUNTY SS:
<br /> The foregoing instrument was acknowledged before me on 08/2212001
<br /> By TIMOTHY, HOLLOWAY and PA1 RICE' i HOLLOWAY, HUSBAND AND WIFE
<br /> %ly co.:emission expires:
<br /> Ii, 1 ti ' Not uy Public)
<br /> GEVlp' i~l'TARY-5tais o: r'e~tasiw
<br /> fN?~ SHAnCN K r;IE:NT
<br /> 4 Cer n. Ex;. Dec 3, 20,
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