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<br /> 99 107463 °.
<br /> DEED OF TRUS'1' �
<br /> 0
<br /> PAR'1'IES: This Deed of Trust is made on July 16, 1999 among, the Grantor, JAMES L3 STEVENSON AND I�IANE L S'I'tiVE:NSON, O
<br /> 1IUSBAND AND WII�E("k3orrower"),
<br /> AREND R E3AACK, ATTORNEY, whose residence address is P. O. E3ox 790, Grand Island, Ilall County, Nebrasha (""17ustce"), and thc
<br /> Beneficiary, I IOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,a corporation orbanized and existing undcr the
<br /> laws ofNEBRASKA whose address is 221 SOUTH LOCUST STREET,GRAND ISLAND,NF.I3RAShA 68801 ("Lendcr").
<br /> CONVEYANCE: For value received, Borrower irrevocably grants a��d 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 /> PROYER7'Y ADllRESS: 827 S CHERRY ST,GRAND ISLAND,Nebraska 68801
<br /> LEGAL DESCRIPTION:
<br /> LOT EIGHT(8), BL.00K TIIREE(3),VALLEY VIEW SUBDIVISION,GRAND ISLAND,HAL,L COUNTY,NEBRASKA.
<br /> Located in Hall County,Nebraska.
<br /> TITLE: t3orrower convcnants and warrants title to the property,except for
<br /> SECURED DEI3T: This deed of trust secures to Lender repayment of the secured debt and the performance of the convenants and agreenients
<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 tliereof.):
<br /> � A PROMISSORY NOTE AND SECURI7'Y AGREEMEN"1'DATED July 16, 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�mder
<br /> the agreenient are contemplated and will be secured to the same extent as if made on the date this deed of trust is executed.
<br /> 'I'he�buvc obligalion is due and payable on Seplember 26, 1999 if not paid earlier.
<br /> T'he rot�tl unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of$I I,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 /> covenants contained in this deed of trust,with interest on such disbursements.
<br /> ❑ VAriable Rate:'I'he interest rate on the obligation secured by this deed of trust may vary according to the terms of tha[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 /> RIDGRS: ASSIGNMENT OF RENTS
<br /> DGSIGNATION OF 1lOMESTEAD
<br /> Pursuant to the Farm Homestead Protection Act,designation of homestead iQittached to this deed of trust and made a part hereof has
<br /> � been disclaimed;the disclaimer is attached to this deed of trust and made a part hereof. .
<br /> SIGNA'f'URES: 13y signing below, 13orrower agree to the terms and convenants contained in this deed of tr �t, including those on p�ge
<br /> 2,and in any riciers described above signed by Burrower.
<br /> _ �
<br /> J ��IH;S 13 S'1'GVENSON DIANE L ST�
<br /> ACKNOWLEUGMGN'1': STATE OF NEE3RAShA, f-IALL COUNTY SS:
<br /> "1'he tc�regoing instrument was acknowledged before me on July 16, 1999
<br /> By JAMI?S B S"fEVENSON and DIANG I.,STEVLNSON, HUSI3AND AND Wlf'E
<br /> My commissi n e li r�ENERAI NOTARY St�te of Nebrask2
<br /> JACAI.YN A.AYOUB Notary Public)
<br /> MY Comm.Exp.JWy 16,2002
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