|
a
<br /> n c rn y tt� c� cn o
<br /> , n � n = c.0 o -1 ,
<br /> n Y v � � � Z m o' •��-�-
<br /> s � � � � O � �
<br /> p "*'1 Q,
<br /> O -� -'� Z F_'� Qa
<br /> s m t�
<br /> v1 � � � A W � �
<br /> rn r-' �7
<br /> C� �, � r a � �•
<br /> cn � � oo Z
<br /> � � ...� w c3o
<br /> cn
<br /> - cn cra o �-�i•
<br /> 99 107830 `� � �
<br /> 0
<br /> �
<br /> DEED OF TRUST
<br /> �
<br /> PARTIES: This Deed of Trust is made on July 26, 1999 among, the Grantor, JERRY L BENKER AND JEANNE M BENKER, HUSBAND�`
<br /> AND WIFE("Borrower"), �
<br /> AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, 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: U10 W OKLAHOMA,GRAND ISLAND,Nebraska 68803
<br /> LEGAL DESCRIPTION:
<br /> A TRACT OF LAND LOCATED IN THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER (SE1/4NW1/4) OF SECTION
<br /> TWENTY-ONE(21), IN TOWNSHIP ELEVEN(11)NORTH,RANGE NINE(9),WEST OF THE 6TH P.M.,HALL COUNTY,NEBRASKA,
<br /> MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE SOUTH SIDE OF ANNA STREET IN THE
<br /> CITY OF GRAND ISLAND,NEBRASKA, 15 FEET EAST OF THE WEST SIDE OF JACKSON STREET, EXTENED SOUTHERLY, SAID
<br /> POINT IS ALSO 1,010 FEET SOUTHWESTERLY FROM A POINT WHERE THE SOUTHERLY LINE OF ANNA STREET INTERSECTS
<br /> THE EAST LINE OF THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER (SE1/4NW1/4) OF SAID SECTION 21;
<br /> RUNNING THENCE IN A SOUTHEASTERLY DIRECTION PARALLEL WITH THE WESTERLY LINE OF JACKSON STREET AS
<br /> EXTENDED A DISTANCE OF 275 FEET; THENCE RUNNING RIGHT 90 DEGREES IN A SOUTHWESTERLY DIRECTION 90.4 FEET
<br /> TO A POINT OF BEGINNING; THENCE IN A SOUTHWESTERLY DIRECTION 90.4 FEET; THENCE RUNNING RIGHT 90 DEGREES
<br /> ALONG A LINE PARALLEL WITH THE WEST LINE OF JACKSON STREET, AS EXTENED, A DISTANCE OF 127 FEET; THENCE
<br /> RIGHT 90 DEGREES ALONG A LINE PARALLEL WITH THE SOUTH LINE OF ANNA STREET 90.4 FEET; THENCE RIGHT 90
<br /> DEGREES, 127 FEET TO THE POINT OF BEGINNING,BEING A TRACT OF LAND 127 FEET BY 90.4 FEET.
<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 July 26, 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 25,2004 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$5,000.00, 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 below,Borrower agree to the terms and convenants contained in this deed of trust,including those on page
<br /> 2,and in riders de i ed above signed by Borrower.
<br /> ' ��'�d'nyic/ `� �..�yt�c�/
<br /> J R Y BENKER J A NE M BENKER
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA,HALL COUNTY SS:
<br /> The foregoing instrument was acknowledged before me on July 26, 1999
<br />
|