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<br /> DEED OFF TRUST
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<br /> PARTIES: This Deed of Trust is made on December 12, 2000 among. the Grantor, ARLIS R CANFIELD A14D BLANCHE CANFIELD,
<br /> ("Borrower.), (HUSBAND AND WIFE.)
<br /> ARENA R BA ACK, ATTORNEY, whose residence address is P. O. Gox 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 receiv,;d, 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, casements, rents, issues, profits, income, tenements, hercditaments, privileges and any appurtenances thcreuMC `etunging (all called the
<br /> "property").
<br /> PROPERTY ADDRESS: 2018 N ELL'.NOIS AVE, GRAND ISLAND, Nebraska 68801
<br /> LEGAL DESCRIPTION:
<br /> I
<br /> THE NORTHERLY ONE HUNDRED SEVENTY-FIVE: A'ND FOUR TENTHS FEET (775.4) OF LOT TWENTY-SEVEN (27), AND THE
<br /> NORTHE=RLY ONE HUNDRED SEVENTY-FIVE AND FOUR TENTHS FEET (175.41 OF THE WESTERLY THREE FEET (Y) OF LOT
<br /> TWENTY-SIX (26) iN GEER SUBDIVISION OF LOTS SIX (6) SEVEN (7) AND EIGHT (8) OF GARRETT'S SUBDIVISION OF PART OF
<br /> THE (E1(2) OF SEC£ON 9, TOWNSHIP I I NORTH, RANGE 9 WEST OF THE 6TH P.M., IN THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
<br /> i Located in Ball County. Nebraska.
<br /> TITLE: Borrower convenanis and w• a,rants title to the property., except for
<br /> SECURED DEBT: I his deed of trust secures to Lender repayment of the secured debt and the performance of the convenants and agreeu-icnts
<br /> contained in thi~, 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 decd of trust, and all modifications, extensions and
<br /> rencwals thereof.
<br /> The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereon):
<br /> ® A PROMISSORY NOTE AND SECURITY AGREEMENT DA °ED December 12, 2000
<br /> ® Future advances: The above amount is secured even ti_ough all or p<-,t of it may not yet be advanced. Future advances are
<br /> contemplated acrd will be secured to the same extent as if made on the date of this deed of trust is executed.
<br /> Revul-,,ing line of credit agreement dated •~ith initial annual interest rate of %'o
<br /> All amounts owed under this agreement are secured even though ali amou:vs may not yet be advanced. Future advances under
<br /> the agreement are contemplated and will be secured to the same extent as ii made on the date this deed of trust is executed.
<br /> The above obligation is due and payable on January 03, 2003 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 $17,079.50, 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 oftrust 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 /> RIDEILS: ASSIGNMENT OF RENTS
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Fart Homestead Protection Act, designation of homestead iQttached to this deed of trust and made a part hereof has
<br /> been eiscIainted; the disclaimer is attached to this deed of trust arid made apart hereof,
<br /> S1G;iATURES; By signing below, Borrower agree to the terms and convenants contained in this deed of trust, including those on page
<br /> 2, and in stn r ir.rs described above signed by Borrower.
<br /> ARLI`y R C,v`iEIEF T) BLANCHE. CANFIELD
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<br /> ACKNOWLEDGMENT: STATE OF NEarrASKA, HALL COUNTY SS:
<br /> -I- lie foi-,!;oing instrument was acknowledged before me on December 12, 2000
<br /> B~, AR; CANFIELD and BLANCHE: CANFIELD,
<br /> \i}• commission expires:
<br /> PENNY Hgir.:n
<br /> s ± My Caron. Fxn. Deal t i. 27ua
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