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<br /> 99 �10427 '
<br /> DEED QF TF.UST
<br /> PARTIES: This Deed of Trust is made on October 22, 1999 among, the Grantor, BARBARA J MUELLER AND JOHN J MUELLER, d
<br /> HUSBAND 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:3024 WEST 15TH,GRAND ISLAND,Nebraska 68803
<br /> LEGAL DESCRIPTION:
<br /> EAST FOURTEEN (14) FEET OF LOT SIX (6) WEST FORTY TWO(42)�FEET OF LOT SEVEN (7) IN FRANZEN SUBDNISION,
<br /> 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 ar.d in any other document incorporated herein. Secured debt, as used•,n this deed of trust, includes an;� 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 October 22, 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 /> O 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 October 15,2004 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$11,266.89, 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 /> DEStGNATION OF HOMESTEAD
<br /> Pursuant to the Farm 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 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 an iders described bove signed by Borrower.
<br /> BARBARA J MU ER JOH J MUE LER
<br /> �� — z Z — 9 9 ��- � a -9�9
<br /> 6ENEHAL NOTARY-State of N�
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA,HALL COUNTY SS: � USA R•MAYER
<br /> �Ay►Comm.E�.May 1Q 200�
<br /> The foregoing instrument was acknowledged before me on October 22, 1999 I
<br /> By BARBARA J MUELLER and JOHN J MUELLER,HUSBAND AND WIFE
<br /> �,�� ,�� 3 �
<br /> My commission expires:
<br /> �' �� Notary Public)
<br />
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