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<br /> DEED OF TRUST �
<br /> • .
<br /> PARTIES:This Deed of Trust is made on APRIL 15, 1999 , among the Grantor, xrc�zn n s�FELn �
<br /> 1"Borrower"), �
<br /> AREND R SAACK, ATTORNEY '�' Q
<br /> whose residence address is Po sox �90, c,rand island, xall County, Nebraska ("Trustee"1, and the Beneficiary,
<br /> HOM . .D . AT� 4AVTN�4 T�� N ASS� TATTpN , a corporation organized
<br /> and existing under the laws of NESRASKA whose address is 221 SOUTH LOCUST STREET,
<br /> GRAND ISI�AND� NESRASKA 68802-1009 ("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 (alI called the
<br /> "property"1.
<br /> PROPERTY ADDRESS: 823 AIISTIN AVE , GRAND ISLAND , Nebraska 68801
<br /> LEGAL DESCRIPTION: (Streetl ICity) Izip codel
<br /> LOT TWENTY-NINE (29) , BLOCK THREE (3) , LAKE DAVIS SUBDIVISION, HALL
<br /> COUNTY, NEBRASKA,
<br /> located in HAi�i, County, Nebraska.
<br /> TITLE: Borrower covenants and warrants title to the property, except tor
<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 secuI�reId debt is evidenced by(List all instruments and agreements secured by this deed of trust and the dates thereof.►:
<br /> �XX A OMTQQORV NOTF. TTT� R .C'[TRTTV ACRF. .MF.NT DA F.D A RT � '1 S� 'I 999
<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 wili 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 % .
<br /> All amounts owed under this agreement are secured even though ail 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 APRIL 20, 2002 if not paid earlier.
<br /> The total unpaid balance secured by this deed of trust at any one time shal► not exceed a maximum principal amount of
<br /> NTN . TH017S NTl FTV . H 7�TTl Fn xrRTY Tv . nm .6/i oo Dollars ($ 9,535_26 1, 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 /> ❑ 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 /> made a part hereof.
<br /> RIDERS: ❑ Commercial �ir� ASSTGNMFNT �F REN'_rS ❑
<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 inithis deed-of tr t, including those on page 2, and in
<br /> any riders described above signed by Borrower.
<br /> RICHARD D SAALFELD A L SAALFELD
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL County ss:
<br /> The foregoing instrument was acknowledged before me on this 15TH day of APR?i,, 7 999
<br /> by
<br /> GENERAI NOTARY•State ot NeDraska ,rt�a,5��
<br /> Corporate or CHRIS L.KASKI
<br /> Partnership �f (Name of Corporation or Partnershipl
<br /> Acknowledgment a � � � on behalf of the corporation or partnership.
<br /> My commission expires: /) � � � "�
<br /> (Seal) �• /�(.A��e G��� (Notary Public)
<br /> This instrument was prepared by rHRTS T. KARKTF. .
<br /> 019851�IKERS SYSTEMS,INC.,ST.CLOUD,MN 56301 (1-800-397-2341)FORM OCP-MTG-NE 6/19/91 APPL# 00060800 (Page 1 of 2/ NEBRASKA
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