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<br /> DEED OF TRUST ' �7" �����'� � oo � W �
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<br /> PARTIES:This Deed of Trust is made on APRIL 1, 1999 , among the Grantor, MzcxaEL D GIBSON arm G
<br /> KARF.N L C,IBSON, HIISBATTn AND WIFE (��BOffOW@f°�,
<br /> ARF.NI] R EAACK� ATTORNF.Y a�
<br /> whose residence address is po aox �90, crana rsiana, Hall County, Nebraska ("Trustee"►, and the Beneficiary,
<br /> HOMF FEDERAI, SAVINGS & LOAN ASSOCIATION , a corporation organized I
<br /> and existing under the laws of NESRASKA whose address is i SOiTTH T,OC�iTGT ST . .T F
<br /> , ANT� TS ,ATTnF NEARASKA 6AA02-1009 ("Lender"►. I
<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"►.
<br /> PROPERTY ADDRESS: 9 . . S ,A T4S .N , G ANn IS ,ANT� , Nebraska 668801
<br /> LEGAL DESCRIPTION: Istreetl ICityl (zip Codel
<br /> LOT SIX (6) , BLOCK FOUR (4) , CLAUSSEN COUNTRY VIEW ADDITION TO THE
<br /> CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> located in County, Nebraska.
<br /> 71TLE:Borrower covenants and warrants title to the property, except for
<br /> i
<br /> • i
<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 OMTSGn V NnT . TTT� S . TRTTV A� . .M .NT DAT .D A R � 1999
<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 % .
<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 APRIL 10, 2001 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 /> FrvF Txotlsatan �rwo xutJnRFn aun No/�oo Dollars (S 5,200_00 ), 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 �X fj ASSTGNMFNT OF RFNTG ❑
<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 his deed of trus , cl i those on page 2, and in
<br /> any riders describe a e signed by B rower.
<br /> ,
<br /> MICHAEL D GIBSON �N L GIBSON
<br /> ACKNOWLEDGMENT:STATE OF NEBRASKA, County ss:
<br /> The foregoing instrument was acknowledged before me on this 1ST day of APRIL, 1999
<br /> b�/ MTCHAF D TRSON AND nR N (:TRQON, Hi7SAAND ANTI WTFE L
<br /> ITiNelsll /
<br /> Corporate or f (Name of Corporation or Partnership) i�
<br /> Partnership
<br /> Acknowledgment O1ARY•State of Nebra k on behalf of the corporation or partnershi�� '
<br /> ------ ���1ne�K�e�cL1��9�9_ 5 ��_ u,wta�ya�� '�,/
<br /> This instrument was prepared by cununN xr FTNT •
<br /> m1985��IKERS SYSTEMS,INC.,ST.CLOUD,MN 56301 (1-800•397•2341)FORM OCP-MTG-NE 6/19/91 APPLfk OOn6n248 �Page 1 of 2/ NEBRASKA
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