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<br /> 99 109034 �' °
<br /> DEED OF TRUST
<br />� /
<br /> PARTIES:This Deed of Trust is made on July 12, 2999 among,the Grantor,DANIEL E ELLIS AND DONNA W ELLIS,HLTSBAND AND � ,
<br /> 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 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, described below and a11 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 (ail called the
<br /> i "property,>).
<br />, PROPERTY ADDRESS:2816 W COTTAGE ST,GRAND ISLAND,Nebraska 68803
<br /> LEGAL DESCRIPTION:
<br /> TI-�WEST HALF(Wl/2)OF LOT SEVENTEEN(17)AND T'I�WEST HALF(Wl/2)OF THE SOiTTH THIRTY FOUR(34) FEET OF
<br /> LOT FIFTEEN (15) IN BLOCK FOUR (4) IN UNNERSITY PLACE, AN ADDTTION TO TI-�E CTTY OF GRAND ISLAND, HALL
<br /> COITNT'Y,NEBRASISA,
<br /> i
<br /> j Located in Counry,Nebraska.
<br /> i TI'I'LE:Bonower convenants and warrants title to the property,except for
<br /> i
<br /> jSECURED 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 hvst or under any instrument secured by this deed of trust, and all modifications, e�rtensions and
<br /> renewals thereof.
<br />;
<br /> The secured debt is evidenced by (List a11 instruments and agreements secured by titis deed of tivst and the dates thereof.):
<br /> i
<br /> � A PROMISSORY NOTE AND SECURTTY AGREEMENT DATED July 12, 1999
<br /> � Future advances:The above amount is secwed even though a11 or part of it may not yet be advanced. Future advances aze
<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 ,widi initial annual interest rate of %
<br /> All amounts owed under this agreement are secwed 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 17,2004 if not paid earlier.
<br />� The total unpaid balance secured by this deed of trust at any one time sha11 not exceed a maximum principal amount of$25,046.87, plus
<br /> jinterest, 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 urterest on such disbursements.
<br />� ❑ Variable Rate:T'he interest rate on the obligarion secured by this deed of trust may vary according to the terms of that obligation.
<br /> 1 � 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 /> i
<br />� RIDERS:ASSIGNMENT OF RENTS
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Fann Homestead Protection Act,designation of homestead i�ttached to this deed of trust and made a part hereof has
<br /> ❑ been disclaimed;the disclaimer is attached to this deed of trust and rnade a part hereof.
<br /> SIGNATU • By signing below,Borrower agree to the terms and convenants contained in this deed of trust,including those on page
<br /> 2,and in y rid rs described above si y Borrower.
<br /> . , -
<br /> �
<br /> DANIEL E ELL D NNA W ELLIS
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA,HALL COUNTY SS:
<br /> The foregoing instrument was acknowledged before me on July 12, 1999
<br /> By DANIEL E ELLIS and DONNA W ELLIS,HUSBAND AND WIFE
<br /> M . D--�.z�, ��J � � /��� � �
<br /> �� GENERAI NOTARY•State ol Nebr�ak� � ��(Notary Public)
<br />� � ,, CHRIS L.KASKIE __ I
<br />
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