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<br /> � 99 107050 °
<br /> r�FEV uF T►tus�r o
<br /> s
<br /> PARTIES: This Deed of Trust is made on July 08, 1999 among, the Grantor, HENRICK KURT FROHLING AND CONSTANCE M d
<br /> FROHLING,HUSBAND AND WIFE ("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 ASSOCIA7'ION OF GRAND ISLAND,a corporation org�hi and exisUng t�nder the
<br /> laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET,GRAND ISLAND,NEBRAKSA 68801 ("��e1�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 Borrower is lawfully seized, described below and all buildings, fixtures, and existing and future 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 /> PROPERTY ADDRESS:2755 O'FLANNAGAN ST,GRAND 1SLAND,Nebraska 68801
<br /> LF.GAL DESCRIPTION:
<br /> ALL OF LOT NINE (9) EXCEPT THE SOUTHERLY SEVENTY (70) FEET THEREOF, IN BLOCK THREE (3), DICKEY SECOND
<br /> SUBDIVIS[ON,HALL COUNTY,NEBRASKA.
<br /> Located in Hall County,Nebraska.
<br /> TITLE: Borrower convenants and warrants title to the property,except for
<br /> SGCURED 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 trust and in any other document incorporated herein. Secured debt,as used in lhis 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 AGREEMENT DATED July 08, 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 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 July 18,2003 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$16,000.00, 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 /> 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:ASSIGNMEI��T OF RENTS
<br /> DESIGNAT[ON 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 convenants contained in this deed of trust,including those on page
<br /> 2,and in a y riders described a ove 'gned by B r er.
<br /> ^ i"`�� �o�
<br /> HENRICK K RT FROHLING CONSTANCE M FROHLING
<br /> ACKNOWLEDGMENT: STATE OF NEBRAKSA,HALL COUNTY SS:
<br /> Tlie foregoing instrument was acknowledged before me on July 08, 1999
<br /> By HENRICK CE M LING,HUSBAND AND WIFE,
<br /> ��� GENERAL NOTARY-State of Nebraska
<br /> My comm= +n DEB�RAH L.KIMBLE
<br /> . x . ov. , 999 `
<br /> Notary Public)
<br />
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