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<br /> �9 107825 °
<br /> DEED OF TRUST "
<br /> '�.�.
<br /> PARTIES: This Deed of Trust is made on July 03, 1999 among,the Grantor, HENRY G PRICE AND PAMELA L PRICE, HUSBAND AND �
<br /> WIFE ("Bonower"),
<br /> AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee"), and the
<br /> - � evn.r�e eun i net�t accnrla'r1QN nF C:RANLI�$f AND a cornoration organized and existing under the
<br /> laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET,GRAND ISLAND,NEBRAKSA 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, 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:2020 W CHARLES,GRAND ISLAND,Nebraska 68803
<br /> LEGAL DESCRIPTION:
<br /> LOT SIX(6)AND THE WEST TWENTY(20)FEET OF LOT SEVEN(7),BLOCK SEVENTEEN (17), IN CHARLES WASMER'S THIRD
<br /> ADDITION,TO THE CITY OF GRAND ISLAND,HALL COUNTY,NEBRASKA.
<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
<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 Juiy 03, 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 he 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 aze 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 20,2002 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$10,000.00, 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: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: By signing elow, orrower agree tu the terms and convenants cunta�ined in t:i9�:��er!of trast,inclad6:�g tl:ese on page
<br /> 2,and in any ri rs describ ab signed by Borrower.
<br /> H NRY G P CE AMELA L PRICE
<br /> ACKNOWLEDGMENT: STATE OF NEBRAKSA,HALL COi1NTY SS: (�� GENERAI NOIARY•Sfate of Nebraska
<br /> The foregoing instrument was acknowledged before me on July 03, 1999 SHARON K.KLEINT
<br /> My Comm.Exp.Dec.19,1999
<br /> By HENRY G PRICE AND p�LA L PRICE, HUSBAND AND WIFE
<br /> My commission expires: ' - ( 1 ,
<br /> � otary Pub3ic)
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