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<br /> 99 107719
<br /> DEED OF TRUST "'
<br /> �
<br /> PARTIES: This Deed of Trust is made on July 20, 1999 among, the Grantor, MERTON L NORTON AND BETTY J NORTON, HUSBAND �
<br /> AND WIFE("Borrower"), �
<br /> AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Isiand, Hall County, Nebraska ("Trustee"), and the
<br /> Beneficiary,HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,a corporation organized and existing under the
<br /> laws ofNEBRASKA whose address is 221 SOUTH 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 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:2220 S BLAINE,GRAND ISLAND,Nebraska 68801
<br /> LEGAL DESCRIPTION:
<br /> A TRACT OF LAND COMPRISING A PART OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER (NWl/4NE1/4) OF
<br /> SECTION TWENTY NINE (29), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY,
<br /> NEBRASKA MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT THIRTY THREE (33.0) FEET WEST
<br /> AND EIGHT HUNDRED THIRTY ONE (831.0) FEET SOUTH OF THE NORTHEAST CORNER OF SAID NORTHWEST QUARTER OF
<br /> THE NORTHEAST QUARTER (NWl/4NE1/4); THENCE SOUTHERLY ALONG A LINE THIRTY THREE (33.0) FEET WEST OF AND
<br /> PARALLEL TO THE EAST LINE OF SAID NORTHWEST QUARTER OF THE NORTHEAST QUARTER (NW1/4NE1/4), A DISTANCE
<br /> OF NINETY TWO (92) FEET; THENCE WESTERLY PARALLEL TO THE NORTH LINE OF SAID NORTHWEST QUARTER OF THE
<br /> NORTHEAST QUARTER (NWI/4NE1/4) A DISTANCE OF ONE HUNDRED SEVENTY FIVE (175.0) FEET ; THENCE NORTHERLY
<br /> PARALLEL TO SAID EAST LINE OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER (NW1/4NE1/4) A DISTANCE
<br /> OF NINETY TWO(92.0) FEET; THENCE EASTERLY PARALLEL TO SAID NORTH LINE OF THE NORTHWEST QUARTER OF THE I
<br /> NORTHEAST QUARTER (NW1/4NE1/4) A DISTANCE OF ONE HUNDRED SEVENTY FIVE (175.0) FEET TO THE PLACE OF
<br /> BEGINNING.
<br /> Located in Hall 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 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 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 I
<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 20, 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 24,2002 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$5,370.32, 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:ASSIGNMENT OF RENTS
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Farm Homestead Protection Act, designation of homestead idttached 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 /> 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 any ri ers descri d ab e igned by B rrower.
<br /> �
<br /> � � ' � ..�, .����� �-�zr� - y� �
<br /> ME ON L NaRTON � BETTY O ON
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