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DEED OF TRUST <br />PARTIES: This Deed of Trust is made on 06/16/2004 among, the Grantor, KENNY DITTMER and JULIE A DITTMER, HUSBAND AND <br />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: 1006 E CAPITAL AVE, GRAND ISLAND, Nebraska 68801 <br />LEGAL DESCRIPTION: <br />A PART OF THE S1 /2 SW 1/4 OF SECTION THREE (3), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., <br />HALL COUNTY NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT 1383.29 FEET EAST <br />OF THE SW CORNER OF SAID SECTION 3, RUNNING THENCE NORTH PARALLELWITH THE WEST LINE OF SAID SECTION 3, A <br />DISTANCE OF 516 FEET; THENCE EAST PARALLEL WITH THE SOUTH LINEOF SAID SECTION FOR A DISTANCE OF 55 FEET; <br />THENCE SOUTH PARALLELWITH THE WEST LINE OF SAID SECTION 3, A DISTANCE OF 516 FEET TO A POINT ON THE SOUTH <br />LINE OF SAID SECTION; THENCE WEST ALONG THE SOUTH LINE OF SAID SECTION A DISTANCE OF 55 FEET TO THE POINT <br />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 06/16/2004 <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 23, 2005 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 $1,799.23, 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 iUttached 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 any riders described Wave signed by Borrower. <br />.-c s <br />KIENNY DIT JULIE A DITTMER <br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: <br />The foregoing instrument was acknowledged before me on 06/16/2004 <br />By KENNY DITTMER and JULIE A DITTMER, HUSBAND AND WIFE / <br />My commission expires: C-� ¢��-�/ <br />(Notary Public) <br />GENERAL NOTARY-State of Nebraska <br />CHRIS L. KASKIE <br />MY Comm. UP. Dec. 29, 2004 <br />M <br />n <br />n <br />-rnn <br />m <br />r � I <br />Q <br />Z <br />CA <br />Z <br />C=:3. <br />o <br />p <br />�- <br />Z n <br />N <br />rn <br />a <br />C=- <br />m <br />p <br />fA <br />CL <br />co <br />-TI <br />(� <br />C11 <br />s <br />M <br />r- D <br />CD <br />p <br />D <br />N <br />N <br />p <br />�> <br />O <br />DEED OF TRUST <br />PARTIES: This Deed of Trust is made on 06/16/2004 among, the Grantor, KENNY DITTMER and JULIE A DITTMER, HUSBAND AND <br />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: 1006 E CAPITAL AVE, GRAND ISLAND, Nebraska 68801 <br />LEGAL DESCRIPTION: <br />A PART OF THE S1 /2 SW 1/4 OF SECTION THREE (3), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., <br />HALL COUNTY NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT 1383.29 FEET EAST <br />OF THE SW CORNER OF SAID SECTION 3, RUNNING THENCE NORTH PARALLELWITH THE WEST LINE OF SAID SECTION 3, A <br />DISTANCE OF 516 FEET; THENCE EAST PARALLEL WITH THE SOUTH LINEOF SAID SECTION FOR A DISTANCE OF 55 FEET; <br />THENCE SOUTH PARALLELWITH THE WEST LINE OF SAID SECTION 3, A DISTANCE OF 516 FEET TO A POINT ON THE SOUTH <br />LINE OF SAID SECTION; THENCE WEST ALONG THE SOUTH LINE OF SAID SECTION A DISTANCE OF 55 FEET TO THE POINT <br />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 06/16/2004 <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 23, 2005 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 $1,799.23, 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 iUttached 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 any riders described Wave signed by Borrower. <br />.-c s <br />KIENNY DIT JULIE A DITTMER <br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: <br />The foregoing instrument was acknowledged before me on 06/16/2004 <br />By KENNY DITTMER and JULIE A DITTMER, HUSBAND AND WIFE / <br />My commission expires: C-� ¢��-�/ <br />(Notary Public) <br />GENERAL NOTARY-State of Nebraska <br />CHRIS L. KASKIE <br />MY Comm. UP. Dec. 29, 2004 <br />