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<br /> 99 f 11039 `� �
<br /> DEED OF TRUST
<br /> PARTIES: This Deed of Trust is made on November 09, 1999 among, the Grantor, JIMMY R HELMS SR AND SANDY L HELMS,�
<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 V�
<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 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:609 SOUTH STUHR RD,GRAND ISLAND,Nebraska 68801
<br /> LEGAL DESCRIPTION:
<br /> PART OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER(SW1/4SW1/4)OF SECTION FOURTEEN (14),TOWNSHIP
<br /> ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA, MORE PARTICULARLY
<br /> DESCRIBED AS FOLLOWS: BEGINNWG AT A POINT ON THE WEST LINE OF SAID SECTION FOURTEEN (14), SAID POINT
<br /> BEING TWO HUNDRED TH(RTY FOUR AND FOUR TENTHS (234.4) FEET NORTH OF THE SOUTHWEST CORNER OF SAID
<br /> SECT[ON FOURTEEN (14), THENCE NORTHERLY ALONG THE WEST LINE OF SAID SECTION FOURTEEN (14), A DISTANCE OF
<br /> ONE HUNDRED SEVENTY (170.0) FEET; THENCE EASTERLY PARALLEL TO THE SOUTH LINE OF SAID SECTION FOURTEEN
<br /> (14), A DISTANCE OF TWO HUNDRED SIXTY (260.0) FEET; THENCE SOUTHERLY PARALLEL TO THE WEST LINE OF SAID
<br /> SECTION FOURTEEN (14), A DISTANCE OF ONE HUNDRED SEVENTY (170.0) FEET; THENCE WESTERLY PARALLEL TO THE
<br /> SOUTH LINE OF SAID SECTION FOURTEEN (14), A DISTANCE OF TWO HUNDRED SIXTY (260.0) FEET TO THE PLACE OF
<br /> BEGINNING.
<br /> Located in 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 PROM[SSORY NOTE AND SECURITY AGREEMENT DATED November 09, 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 December 08,2006 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$25,055.50, 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 disdaimer 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 any riders described above signed by Borrower.
<br /> c� �
<br /> JIM HELMS SR SA Y L HE S
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA,HALL COUNTY SS:
<br /> The foregoing instrument was acknowledged before me on November 09, 1999
<br /> By JIMMY R HELMS SR AND SANDY L HELMS, HUSBAND AND WIFE
<br /> My commission expires: �� -C.. � ���
<br /> GENERAI NOTARY•Siate ot Nebnska °�� ��G�`='���-! (Notary Public)
<br /> �� CHRIS L.KASKIE___ �
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