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<br />DEED OF TRUST
<br />PARTIES. T his Deed of Trust is made on December 20, 2000 among, the Grantor, ROBIN J TOWNSEND AND KYLE E TOWNSEND, WIFE F*.
<br />AND HUSBAND ( "Borrower "), �3-
<br />.REND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee'), and the G
<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 rea.i T%' perty, of
<br />which Borrower is lawfully seized, described below and all buildings, fixtures, and existing and future improvements thereon ,rid a',1 rights -of-
<br />way, easements, rents, issues, profits, inccme, tenements, heicd4amerts, privileges and any appurtenances thereunto belonging (all called the
<br />"property').
<br />PROPERTY ADDRESS: 1004 S EUGENE, GRAND ISI..AND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />THE NORTHERLY SIXTY SIX (GC) FEET OF LOT ONE (1), 13LOCK ELEVEN (11), IN CLAUSSEN COUNTRY VIEW ADDITION TO
<br />THE CITY OF GRAND ISLAND, 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 uebt 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 />i3orrow•er 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 />M A PROMISSORY NOTE AND SECURrrY AGREEMENT DATED December 20, 2000
<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 />A'l amounts owed under this agreement are secured even though all amounts may not yet be advanced. Future advances under
<br />the agreemcnt :,re contemplated and will be secured to the same extent as if made on the date this deed of trust is executed.
<br />Thc above obligation is due and payable on June 27, 2001 if riot 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 $21,993.75, plus
<br />interest, plus any amounts disbursed under the term,,; 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 />ni' se a part hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm I lomcstcad Protection Act, designation of homestead i[utiached to this cited of trust and made a part hereof has
<br />[� been disclaimed; the disclaimer is attached to this decd of trust and made a part hereof.
<br />SIGNATURES! By signing below. Borrower agree to the ;;:,ns and convenants contalned in this decd of trust, including those on page
<br />2, and In any riders described above signed I Borrower.
<br />ROBIN .F TOWNSENI) 914,E E TOWNSFNI) v
<br />ACKNOWLEDGNIF.NT: STATI "s OF NEBRASKA, 1IALI COUN'rY SS:
<br />The foregoing instrument was acknowledged before me on December 20; 2000
<br />By ROF31N J TOWNSFND and KYLE L TOWNSEND, 'V G 7ANDI IUSBAND
<br />— ...SNotary Public)
<br />GENERAL NOTARY -Stsis of Newsta
<br />t3TEPMANt4: LIUENTHAL
<br />.. MY Comm. Exp. A414. 2004
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