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<br /> ,. N .Z'�'
<br /> 99 109144 �
<br /> DEED OF TRUST
<br /> PARTIES: This Deed of Trust is made on September 03, 1999 among, the Grantor, DEAN D OSBORNE AND ESTHER OSBORNE,
<br /> i _
<br /> HUSBAND AND WIFE("Bonower"), ca
<br /> AREND R BAACK, ATTORI�'EY, whose residence address is P. O. Box 79�, Grand Island, Hail County, I�iaht�s,�°°T "
<br /> Beneficiary,HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,a corporation organized and` �e'
<br /> laws of NEBRASKA 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 I_
<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: 809 N HOWARD & 1107 ORANGE RD,GRAND ISLAND,Nebraska 68803
<br /> �' LEGAL DESCRIPTION:
<br /> LOT NINE (9) BLOCK EIGHT (8) WEST VIEW SUBDIVISION, HALL COUNTY, NEBRASKA.
<br /> LOT SEVENTEEN (17), IN FONNER VIEW SECOND SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> 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 September 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 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 November 08, 1999 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$90,056.00, 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 /> p.'Yariable 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 /> a'
<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 trusc anc�made a part nereof.
<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 rs describe/�d above signed by Borrower. .
<br /> ,.,�'�� �� � �1 2�L.��Y/ lY�
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<br /> DEAN D OSBORNE ESTHER OSBORNE
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA,HALL COUNTY SS:
<br /> The foregoing instrument was acknowledged before me on September 03, 1999
<br />� By DEAN D OSBORNE and ESTHER OSBORNE,HUSBAND AND WIFE
<br /> My commission
<br /> Nebraska
<br /> ��� JACAIYN A.AYOUB Notary Public)
<br /> i My Comm.E�p.Jury t6,2002
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