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<br /> g9 107627
<br /> DEED OF TRUST ,.�.
<br /> 0
<br /> PARTIES: This Deed of Trust is made on July 23, 1999 among, the Grantor, RONALD C SFIULLAW AND NORMA J SHLTLLAW, S
<br /> HiJSBAND AND WIF'E("Borrower"), °
<br /> AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Ha11 County, Nebraska ("Trustee"), and the
<br /> Beneficiary,HOME FEDERAL SAVINGS AND LOAN ASSOCIEITION OF GRAND ISLAND,a corporarion organized and existing under the
<br /> laws of NEBRASKA whose address is 221 SOiJTH LOCUST STREET,GRAND ISLAND,NEBRASKA 68801 ("Lender").
<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, descnbed below and all buildings, fixtures, and existing and future improvements thereon and ali rights-of-
<br /> way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br /> "properiy").
<br /> PROPERTY ADDRESS:3110 BRENTWOOD DR,GRAND ISLAND,Nebraska 68801
<br /> LEGAL DESCRIPTION:
<br /> LOT TWO (2), IN BLOCK ONE (1), BRENTWOOD SECOND SUBDIVISION IN TI� CTTY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<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 perfarmance 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 /> Borrower owes to Lender under this deed of trust or under any instrwnent 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 thereo£):
<br /> � A PROMISSORY NOTE AND SECURITY AGREEMENT DATED July 23, 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 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 August 15,2004 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$16,010.50, 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 /> ❑ Variabte Rate:The interest rate on the obtigation 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: ASSIGNMENT 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: i ing below,B r er agree to the terms and convenants contained in this deed of trust,including those on page
<br /> 2,and in any ride above '� by rrower.
<br /> ����� � c�� �"�����
<br /> RONALD C SHULL NORMA J SH AW
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA,HALL COUNTY SS:
<br /> The foregoing instrument was acknowledged before me on July 23, 1999
<br /> By RONALD C SHUI,LAW and NORMA J SHULLAW,HUSBAND AND WIF'E
<br /> My commission expires: �L�• 2�E �v� � � /'/ � _ }
<br /> GENERAI NOTARY-Sta1e ot Neb�aska �`-�"����"J Notary Public)
<br /> II CHRIS L.KASKIE
<br /> My Comm.Exp.Dct.29,2000
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