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<br /> DEED OF TRUST �
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<br /> PARTIES:This Deed of Trust is made on July 09, 1999 among,the Grantor,TODD M hiCCAIN AND LANA K MCCAIN, ("Borrower"),
<br /> AREND R BAACK, ATTORNEY, whose residence address is P. O. Box '790, Grand Island, Hall County, Nebraska ("Trustee"), and the
<br /> Beneficiary,HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,a corporation org , and exi�Ung�ttder the
<br /> laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET,GRAND ISLAND,NEBRASKA 68801(` �` er'). ."� � "'• '�
<br /> CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real property, of
<br /> which Bonower is lawfully seized, described below and a11 buildings,fixtures, and existing and firture improvements thereon and all rights-of-
<br /> way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br /> "property").
<br /> PROPERT'Y ADDRESS:640 MARTIN AVE,GRAND ISLAND,Nebraska 68801
<br /> LEGAL DESCRIPTION:
<br /> LOT FNE(5)MARTIN SUBDMSION TO TT-iE CITY OF GRAI�ID ISLAND,HAL,L COUNTY,NEBRASKA.
<br /> Located in Hall County,Nebraska.
<br /> TITLE:Borrower convenants and warrants title to the property,�cept for
<br /> SECURED DEBT:This deed of trust secures to Lender repayment of the secured debt and the performance of the convenants and agreements
<br /> contained in this deed of mist 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 /> � A PROMISSORY NOTE AND SECURITY AGREII�IENT DATED July 09, 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 of 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 aze secured even though all amounts may not yet be advanced. Future advances under
<br /> the agreement aze contemplated and will be secured to the same e3rtent as if made on the date this deed of trust is executed.
<br /> The above obligation is due and payable on July 20,2002 if not paid eazlier.
<br /> The total unpaid balance secured by this deed of trust at any one rime shall not exc.eed a maximum principal amount of$4,510.50, plus
<br /> interest,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 /> covcnants containcd in this dccd of trust,with intcrest on such disburscmcnts.
<br /> ❑ Variable Rate:The interest rate on the obligation secured by this deed of trust may vary according to the terms of that obiigation.
<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 /> Itll)L�'1i5:ASSl(iNIV1�N'1'Or Lt�N'1'S
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Fazm Homestead Protection Act,desi�on of homestead i�ttached to fhis deed of trust and made a part hereof has
<br /> ❑ been disclaimed;the disclaimer is attached to this deed of m�st and made a part hereof.
<br /> SIGNATURES: By signing 1 w,Bo w r agree to the terms and convenants contained in tliis deed of trust,including t6ose on page
<br /> 2,and in any riders desc ove s y Borrower.
<br /> �p d
<br /> �crina � �7� .�n
<br /> T C IN LANA K MCCAIN
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA,HALL COUNTY SS:
<br /> The foregoing instrument was acknowledged before me on July 09, 1999
<br /> By TODD M MCCAIN and LANA K MCCAIIv`,
<br /> �
<br /> My C�m ' 'r •
<br /> �III �ENERAL NOTARY-Slate of Nebraska otary Public)
<br /> MbComm.E p Nov!1381 99
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