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<br /> 99 111809
<br /> DEED OF TRUST � �..
<br /> �
<br /> PARTIES: This Deed of Trust is made on December 06, 1999 among, the Grantor, ORVILLE J-A LEMBURG AND DELORES A O
<br /> LEMBURG,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 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: 1401 W FIRST ST,GRAND ISLAND,Nebraska 68801-5705
<br /> LEGAL DESCRIPTION:
<br /> TRACT OF LAND DESCRIBED AS COMMENCING AT POINT ON THE SOUTH LINE OF FIRST STREET, IN THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA AT A POINT 86 FEET EASTERLY FROM THE NORTHWESTERLY CORNER OF
<br /> FRACTIONAL LOT l, IN FRACTIONAL BLOCK 21 OF PALMER'S SUBDIVISION OF LOT 7 OF THE COLINTY SUBDIVISION OF
<br /> THE SOUTHEAST QUARTER (SE1/4) OF SW1/4 OF SECTION 16, TOWNSHIP ]1 NORTH, RANGE 9 WEST, RUNNING THENCE
<br /> SOUTHEASTERLY PARALLEL WITH WESTERLY LINE OF SAID LOT 1, 132 FEET TO THE NORTHERLY ALLEY LINE BETWEEN
<br /> FIRST AND DIVISION STREET,THENCE NORTHEASTERLY ALONG THE NORTHERLY LINE OF SAID ALLEY 43 FEET MORE OR
<br /> LESS, TO A POINT 18 FEET WESTERLY FROM THE SOUTHEASTERLY CORNER OF LOT "A", OF ELM PLACE ADDITION,
<br /> THENCE NORTHWESTERLY PARALLEL WITH THE EASTERLY LINE OF SAID LOT "A", 132 FEET TO THE SOUTHERLY LINE OF
<br /> F[RST STREET, THENCE SOUTHWESTERLY ALONG THE SOUTH LINE OF FIRST STREET, 43 FEET MORE OR LESS TO THE
<br /> REAL PLACE OF BEGINNING.
<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 December 06, 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 19,2006 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$16,071.50, plus
<br /> interest, plus any amounts disbursed under the terms of this deed of trust to protect the security of this deed of trust ar 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 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 any riders described above signed by Borrower.
<br /> �
<br /> �"� ' ' �.
<br /> C�'l �u ��'/L��1�� -� �� y�a_ ���
<br /> ORVILLE- -A L MBURG / DELORES A LEIVIBURG
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA,HALL COUNTY SS: GENERAI NOTARY•State ot Nebraska
<br /> The foregoing instrument was acknowledged before me on December 06, 1999 111 CHRIS L.KASKIE
<br /> By URVILLE J-A LEMBURG and DELJRES A LEMBUiiG,HUSBAND AND WTFE MyComm.Exp.Dec.29,Z000 �
<br /> My commission expires: �2, Z�1, 1'vCk� ������v` f�-- �.�.c.�—.
<br /> (Notary Public)
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