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<br /> DEED OF TRUST
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<br /> PARTIES: This Deed of Trust is made on December 08, 2000 among, the Grantor, JAY L HEHNKE AND JULIE D HEHNKE, HUSBAND
<br /> AND WIFE ("Borrower"),
<br /> AR.END R BAACK, ATTORNEY, whose residence address is. P. 0. 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(" I,,endee).
<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, tentments, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br /> ,.prolem,,•)
<br /> PROPERTY ADDRESS: 2505 E SEEDLING MILE RD, GRAND ISLAND, Nebraska 68801
<br /> LEGAL DESCRIPTION:
<br /> THE NORTH TWO HUNDRED ELEVEN (21I) FEET OF THE WEST ONE THIRD (WI/3) OF LOT ONE (1), WINDOLPH"S
<br /> SUBDIVISION OF A PART OF THE WEST HALF OF THE NORTHEAST QUARTER (WI/2N1/4)AND A PART OF THE EAST HALF OF
<br /> THE NORTHWEST QUARTER (E1C..NW1/4) OF SECTION FOURTEEN (14), IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9)
<br /> WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA.
<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 hems;, 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, Utis deed of trust, and ail 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 /> A PROMISSORY NOTE Ai ?D SECURITY AGREEMENT DATED December 08, 2000
<br /> ® Future advances: The, above amount is secured even though all or part o_° 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 /> D Revolving line of credit agreement dated , with initial annual interest rate of
<br /> Ali 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 16, 2007 if not paid earlier.
<br /> The total unpaid ba!ance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $48,916.15, 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 /> 0 Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terms of that obligation.
<br /> s ❑ A 'copy of the loar agreement containing the terms under which,the interest rate .1 tay 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 /> p been disclaimed; the disclaimer is attached to this deed of trust and made a part hereof.
<br /> SIGNATURES: By signing below, Borrower agree to the terms and convenants contained in this deed of trust, i~clu ng those on page
<br /> Z, and in any riders described a ov 11sgned by Borrower,
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<br /> JA ' IEI?NKE dULI E
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<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br /> The foregoing instrument was acknowledged before me on December 08, 2000
<br /> By JAY L HEHNKE and JULIE D HEHNKE, HUSBAND AND WIF
<br /> My tom. Lit 1ZS•~
<br /> A G:N;ItAt NOIaRT 51t a n, hetxus>,a
<br /> otary Public)
<br /> j¢6 CHRIS L KASKIE
<br /> c-~3~:lY'~ pr 4qm';~. ERp• QcC- P4.2(!Lb
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