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<br /> � DEED OF TRUST 9 9 10 s 4 4 2 �
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<br /> PARTIES:This Deed of Trust is made on JL7NE 3, 1999 , among the Grantor,—TROY H PAXTON �n �
<br /> MF.T�TSSA R PAXTON, H17SBAND AT7D W7FE (�BOffOW2f°�,
<br /> AREND R SAACK, ATTORNF.Y
<br /> whose residence address is po gox �ao, Arand Tcland, uaii County, Nebraska ("Trustee"), and the Beneficiary,
<br /> HOM . .D . AT, SAVTN,R ,O N ASSO _TA TON , a corporation organized
<br /> and existing under the laws of NEBRASKA whose address is i 4� Ti'H r.0 i7GT Sm . .T,
<br /> CRAND IS7�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 (all called the
<br /> "property").
<br /> PROPERTY ADDRESS: , , Nebraska
<br /> LEGAL DESCRIPTION: (Street) ICityl (zip Codel
<br /> LOT SIX (6) BLOCK THREE (3) IN JOEHNCK'S ADDITION TO THE CITY OF
<br /> GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> located in 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 PR�MTRR(�RY NOT . ATTI� 4 . TRTTY A� . .M .NT DA .D TiTN . '�, '1 999
<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 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 7L7NE lA, 2003 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.7rHT THO iS un �rwo HiiNT1RF.n_ ATTT) N�/�on Dollars (S 8,200_00 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 � ASSTCNMBNT OF 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,rclu t o e on page 2, and in
<br /> any rider escribed b si e by Borrower.
<br /> fZ � ✓
<br /> TRO H PAXTbN MELISSA R PAXTON
<br /> ACKNOWLEDGMENT:STATE OF NEBRASKA, County ss:
<br /> The foregoing instrument was acknowledged before me on this 3RD day of �'r�E, l 999
<br /> by TROV H PAXTON AND MF.T.TRSA R PAXTCIN, HT7SRAND ATTi) WTFF.
<br /> ITitle�sl I
<br /> Corporate or
<br /> Partnership �f (Name of Coipoiation or Partnership)
<br /> Acknowledgment a on behalf rporation or partnership.
<br /> My commission expires �pm111.Exp.Sept.19,2001
<br /> (Seal) o ry Public)
<br /> - ----- --- --� — -
<br /> This instrument was prepara�6y .
<br /> 01985Z�1KERS SYSTEMS,INC.,ST.CLOUD,MN 66301 (1-800-397-2341)fORM OCP•MTG-NE 8/19/91 APPL# OQO_6255„8 . ,_�pegB 1 Of 2/ NEBRASKA
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