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<br /> DEED OF TRUST
<br /> PARTIES: This Decd of Trust is made on December 13, 2000 among, the Grantor, DEAN L CARSTENS AND SHIRLFY D CARSTENS,
<br /> }HUSBAND AND'WIFE ("Borrower'),
<br /> ARE:ND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee"), Ind the
<br /> Beneficiary, I10'v'IL FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND. a corporation organized and existing under the
<br /> laws of N!"BRASKA whotic address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 6880, ("Lender").
<br /> CONVEYANCE: For value received, Burrower irrevocably grants and conveys to Tr'ustee, 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: 2414 PIONEER BLVD, GRAND ISLAND, NebrasEa 68801
<br /> LEGAL DESCRIPTION:
<br /> LOT THREE (3), BLOCK "D" IN PARKVIF. W SUBDIVISION, iN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> Located in '-fail 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 conven;tnts and agreerents
<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 arnounts
<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 the;cof
<br /> The socurecl 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 December 13, 2000
<br /> (g Future :advances: The above amount is secured even though all or part of it may riot 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 /> L Revolving line of credit agreement dated with initial annual interest talc of °'b
<br /> All an+.ourrts owed under this i,vreement 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 cued payable on December 20, 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 $4,017.i0, phis
<br /> interest, plus any amounts disbursed under the terms of this deed of trust to protect the security of this decd of trust or to perform any of the
<br /> covenants contained in this deed of trust, with interest on such disbursements.
<br /> Variable Bate: The interest rate on the obligation secured by this deed of trust may vary according, to the terms ofthat obligation.
<br /> A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed oftrust and
<br /> made a part hereof.
<br /> RIDERS: ASSiGNMEiNTOF RENTS
<br /> DESIGNA'T'ION OF HOMESTEAD
<br /> Pursuant to the Farm I lomestead Protection Act, designation of homestead Cittached to this deed of trust and made it part hereof has
<br /> been disclaimed; the disclaimer is attached to this decd of trust and made a parthereof.
<br /> SIGNATURES: By signing below, Borrower agree to t6r. t.rnts and convenants container) in this deed of trust, including those on page
<br /> 2, and in any riders deser:bcd above signed by Borrower. _2
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<br /> DEAN L CARSTENS SHIM- D CARSTENi'S
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<br /> ACKNOWLEDGMENT: S'I'AT•E OI' NEBRASKA, MALL COUNTY SS:
<br /> The foregoing instrument was acknowledged hefore me on December 13, 2000
<br /> ,3v DEAN 1. C:ARSTENS and SI IIRLEY D CARSTENS, HUSBAND AND WIFE
<br /> 1 `7
<br /> Nly commission expires:_~C_~ yJ
<br /> Notary Public)
<br /> GENERA! WTARY•Stale of Nebraska
<br /> CHRIS L. KASKIE
<br /> My Comm Erp. Dec 29,1000
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