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<br /> DEED OF TRUST �� �/±;���� U' Ep �c � �
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<br /> PARTIES:This Deed of Trust is made on AR H 5, i ggg , among the Grantor, axY� P Pow ran �
<br /> SL7E EL•L.EN POWF.T�7. H TSBANTI ANTI WTF . (°BOffOW@f°�� •
<br /> ARF.ND 1? BA�CK� ATTORNF.V �
<br /> �'` �!►;�; � ;'; , � : ' Courrty, Nebraska ("Tnrstee"), and the Beneficiary,
<br /> .. . °,s . . , � .,-�� ; �� �
<br /> ` , a corpora�hn-organized
<br /> and existing under the laws of NEBRAGKA whose address is l SOiTTH T O iTST GT T�
<br /> CRANT� TS7,AAm� NESRAQ A 6880 -'I009 ("Lender"►.
<br /> CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real property, of which
<br /> Borrower is lawfuly seized, described below and all buildings, fixtures, and existing and future improvements thereon and all rights-of-way,
<br /> easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br /> "property"1.
<br /> PROPERTY ADDRESS: oi � N r�AFAV . T , c�RAND TGr,nrrn , Nebraska 68803
<br /> LEGAL DESCRIPTION: IStreet) ICityl (ZIp Code1
<br /> LOT EIGHT (8) , BLOCK EIGHT (8) , IN SCARFF'S ADDITION TO WEST LAWN, IN
<br /> THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> located in unr.r. County, Nebraska.
<br /> TITLE:Borrower covenants 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 covenants 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 /> 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 thereof.
<br /> The secunred debt is evidenced by(List all instruments and agreements secured by this deed of trust and the dates thereof.►:
<br /> q�,�[ A PROMTQSORV NOTF. TTTI GF.C'TTRTTY �CRF.F.MF.NT DAT D MARC'T� S� �99
<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 this deed of trust is executed.
<br /> ❑ Revolving line of credit agreement dated , with initial annual interest rate of �/o ,
<br /> All 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 MAR H i �, 2002 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
<br /> F.TC.HTF.F.N TxotTSA�?n aNn No/�oo Dollars ($18,000_�0 ), plus interest,
<br /> 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 /> ❑ Variabls 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 /> made a part hereof.
<br /> RIDERS: ❑ Commercial pCY ASSICNMF.NT OF RF.NTG ❑
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Farm Homestead Protection Act, designation of homestead ❑ is attached to this deed of trust and made a part hereof
<br /> ❑ has 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 covenants contai d in his deed of trus ' ing th e p 2 an in
<br /> any riders described ov igned by Borrower.
<br /> r��G� - ���
<br /> BRYAN P POWELL SUE ELLEN POWELL
<br /> ACKNOWLEDGMENT:STATE OF NEBRASKA, HA1.L County ss:
<br /> The foregoing instrument was acknowledged before me on this 5TH day of MAR�, i 999
<br /> bY ARYAN P POWEr? ANTI SLTF. F.1 T F.N POWFT I Hi7RAANTI NT1 WTFF.
<br /> (Title�5))
<br /> Corporate or
<br /> Partnership �f (Name of Corporetion or Partnership)
<br /> Acknowledgment a
<br /> n beh If of th c rporation or partnership.
<br /> My commission expires: GENEM�N�TARVE POPPE
<br /> . �
<br /> (Seal) �� INotary Public)
<br /> This instrument was prepared by My
<br /> m1985Z�IKERS SYSTEMS,INC.,ST.CLOUD,MN 68301 (7-800-397-23411 FORM OCP-MTG-NE 6/19/91 APPL# 00059265 a /p8ge���f 2) NEBRASKA
<br /> �,� f �k a � .
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