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<br />DEED OF TRUST
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<br />PARTIES: This Deed of Trust is made on 0430/2004 among, the Grantor, MICHAEL K BROWN and KARL D BROWN. HUSBAND AND
<br />WIFE ( "Burrower "),
<br />AREND R BAACK. ATTORNEY, whose residence address is P. O. Box 990, Grand Island, Hell 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: Pot 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 thereinto belonging (all called the
<br />"pruperty").
<br />PROPERTY ADDRESS: 508 WEST AVE, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />LOT TWENTY ONE (21), IN WEST HEIGHTS SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />Located in Hall County, Nebraska
<br />TITLE: Borrower convenwds and warrants title to the property, except for
<br />SECURED DEBT: This deed of trust secures [o Lender repayment of the secured debt and the performance of the convenanls and agreements
<br />contained in this deed of tnist 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 themof):
<br />N A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 04 /30/2004
<br />Future advances: The above amount is secured even though all or pan of it may not yet be advanced. Future advances are
<br />.momplamd 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 iftnade on the dale this deed of trust is executed.
<br />The above obligation is due and payable on May 01, 2009 if not paid earlier.
<br />The total unpaid balance secured by this decd of trust at any one time shall not exceed a maximum principal amount of $24,939.59, 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 oftmal may vary according to the terms oflhat obligation.
<br />❑ A copy of the Ivan agecment containing the terms under which the interest rate may vary is attached to this deed of bust and
<br />made a part hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuaat to the Farm Homestead Protection Act, designation of homestead iUttaehed to this deed of trust and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed oftrust and made a pan hereof.
<br />SIGNATURES: By signing below, Borrower agree to the terms and ennvenan contained In this deed of trust, including, those on page
<br />2, and in any riders described above signed by Borrower.
<br />MICHAEL K BROWN KARL D BR WN
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HATS. COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 04/30/2004
<br />By MICHAEL K BROWN wid KARL D BROWN, HUSBAND AN, 1) WIFE
<br />My commission expires:_
<br />�— (Notary Public)
<br />c V^ 71LC11NY SSYad Nil LISA B, MAYER
<br />IdY Cciam GPMs•" Lei
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