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<br /> 99 107576 �
<br /> DEED OF TRUST -�'�
<br /> PARTIES: This Deed of Trust is made on July 19, 1999 among, the Grantor, DRUE L BA1LtESBERGER ANU BETH BAMESBERGER, �
<br /> HUSBAND AND VI�E(`Borrower"),
<br /> AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Islar►d, Hall County, Nebr�ska ("Trustee"), and the
<br /> Beneficiary,HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,a corporation organized and existing under the
<br /> laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET,GRAND ISLAND,NEBRASKA 68801 ("Lender").
<br /> CONVEYANCE: For value received, Borrower inevocably grants and conveys to Trustee, in trust, with power of sale, the real property, of
<br /> which Borrower is lawfully seized, descnbed below and all buildings, fixtures, and existing and future improvements thereon and all rights-of-
<br /> way, easements, rents, issues, profits, inc�me, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called che
<br /> "property"}.
<br /> PROPERTY ADDRESS: 1705 SPRING RD,GRAND ISLAND,Nebraska C�8R01
<br /> LEGAL DESCRIPTION:
<br /> TE� SOUTHERLY SIXTY (60) FEET OF LOT TWO (2) AND ALL OF LOT THREE (3), BLOCK TWO (2), FARMINGTON SECOND
<br /> SUBDNISION,AN ADDTTION TO"TI�CTTY OF GRAND ISLAND,HALL COUNTY,NEBRASKA,
<br /> .
<br /> Located in County,Nebraska.
<br /> TITLE:Borrower convenants 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 parformance of the convenants and agreements
<br /> contained in this deed of trust and in any other document incorporated herein. Secwed debt, as used in this deed of trust, includes any amounts
<br /> B rrower owes to Lender under this deed of trust or under any instrument secured by this deed of trust, and all modifications, extensions and
<br /> 0
<br /> renewals thereof.
<br /> The secured debt is evidenced by (List all instruments and agreernents secured by this deed of trust and the dates thereo£):
<br /> � A PROMISSORY NOTE AND SECURIT'Y AGREEMENT DATED July 19, 1999
<br /> � Future advances: The above amount is secwed 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 ii�terest 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 e�ctent as if made on the date this deed of trust is executed.
<br /> The above obligation is due and payable on August O1,2004 if not paid earlier.
<br /> The total unpaid balance secured by this deed of trust at any one time shall not exceed a m�imum principal amount of$12,011.00, pius
<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 /> ❑ Vari�bfe R�te:Thz int�r��t r�tz on the�btigatian��cured by thi�d��d of t�u�t►nay v�ry�ccbrding tb the t�etn�di th�t abligation.
<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:ASSIGNMENT OF RENTS
<br /> DESIGNATION OF HON�STEAD
<br /> Pursuant ta the Farm Homestead Protecrion Act,designation of homestead i�ttached to this deed of trust and made a part hereof has
<br /> p been disclaimed;the disclaimer is attached to this deed of trust and made a part hereof.
<br /> SIGNATURES: By signing below,B rrower ag to the terms and convenants contained in this deed of trust,including those on page
<br /> 2,and in any rs described above gned by B r ower. �
<br /> ,� �✓
<br /> DRUE L AMESBERG BETH BAMES GER
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA,HALL COUNTY SS:
<br /> The foregoing instrument was acknowledged before me on July 19, 1999
<br /> By DRUE L BAMESBERGER and BETH BAMESBERGER,HUSBAND AND Wg'E
<br /> My commission expires: U�- . 2�� �iUOv
<br /> /�1��) � � � (Notary Public)
<br /> I� GENERAI�RIS�KASKIE uk�
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