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<br /> DEED OF TRUST � �'
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<br /> PARTIES:This Deed of Trust is made on MAY 10, 1999 , among the Grantor, MICHAEL R PiPES aNn
<br /> TArQ[7 r�*7 K pTp S� Htt4A NT1 Nfl W2FF (��Borrower"�, ^r
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<br /> AR .ND S n , ATTO NF.V �
<br /> whose residence address is vo uox 7Q�_ C•rand Tgl and uaii County, Nebraska ("Trustee"1, and the Beneficiary, Q
<br /> unnrt� �FnFAnr. cnvTtJ�G � 7.clAN ASRnC'7ATTpN , a corporation organized
<br /> and existing under the laws of NESRASKA whose address is i GO TTH .O TGT GTREET,
<br /> r_vn*rr� TG ATTI� NFARASKA 68802—���9 (°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 ADORESS: z 0 9 G T, nw , . At�m T Gr,ANn , Nebraska 6 8 A 0]
<br /> LEGAL DESCRIPTION: Iscread Ictcyl (Zip Code)
<br /> LOT THIRTEEN (13) BLOCK ONE (1) , KOEHLER PLACE, AN ADDITION TO THE
<br /> CITY OF GRAIJD ISLAND, HALL COUNTY, NEBRASKA.
<br /> located in HAT,T, 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 secured debt is evidenced by(List all instruments and agreements secured by this deed of trust and the dates thereof.):
<br /> � � PRnMT4S(�RY NnTF � 4 TRTTV AC M NT DAT .D AV '10, 1999
<br /> �Future Advances: The above amount is secured even though all or part of it may not yei 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 °k .
<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 NOVEMSER 16, 2000 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 /> THRFF. THOiiS Nn nm No/�oo Dollars (S 3,non_no 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 /> ❑ 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 �}j ASSIGNMENT nF RENTS ❑
<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 contained in this deed of trust, including those on page 2, and in
<br /> any riders described above signed by Borrower.
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<br /> � �.� �.,�`�,�n.�E/J.J �
<br /> MICHAEL R PIPES J CQUE PIPES
<br /> ACKNOWLEDGMENT:STATE OF NEBRASKA, HALL County ss:
<br /> The foregoing instrument was acknowledged before me on this lOTH day of MAY, ]999
<br /> by
<br /> ITitlelsl I
<br /> Corporate or
<br /> Partnership Of I� (Name of Corporation or Partne�ship)
<br /> Acknowledgment a MY���a�•��� on behalf of the corporation or partnership.
<br /> ��Ay commission expires: � / � �
<br /> (Seaq �t��' �vt.B��� �`�OlR-v�� (Notary Public)
<br /> This instrument was prepared by CHRTS r. KASKTF.
<br /> m1985Z�IKERSSYSTEMS,INC.,ST.CLOUD,MN66301 (1-800-397-23411FORMOCP-MTG-NE6/19/91 APPL# OOOG1�3�� � IP�� 1of2I NEBRASKA _
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