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<br />DEED OF TRUST
<br />PARTIES: This Deed of Trust is made on 0U09Y2003 among, the Grantor, TIMOTHY D PFEIFER AND SUSAN E PFEIFER, HUSBAND
<br />AND WIPE ( "Borrower "),
<br />AREND R HAACK, 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 me
<br />laws of NEBRASKA whose address is 221 SOUTH LOCUST' STREET, GRAND ISLAND, NEBRASKA 68801 ("Lender").
<br />CONVEYANCE: For value rcciived, 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, mid existing and future improvements thereon and all rights-.&
<br />way, easements, rents, issues, profits, income, tenements, hereditamerm, privileges and any appurtenances thereunto belonging (all called the
<br />"property ").
<br />PROPERTY ADDRESS: 3815 MARY LANE, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />LOT FIFTEEN (15), MARY LANE SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />'1'1'1'LE: Borrower convenanls and warrants title to the property, except for
<br />SECURED DEBT: This decd of trust secures W Lender repayment of the secured debt and the performance of the convenann 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 dales thereof.):
<br />N A PROMISSORY NOTE AND SECUR I'I'Y AGREEMENT DATED 01/092003
<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 decd of trust is executed.
<br />❑ Revolving line ofcredit agreement dated , with initial annual interest rate of %
<br />All amounts owed under this agreement are secured even though all summers 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 oflrust is executed.
<br />The above obligation is due and payable on January 20, 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 $7,232.38, 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 oftrust, with interest on such disbursements.
<br />O Variable Rate: 'I he interest rate on the obligation secured by this deed ofirost may vary according to the terms ofthat 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 />DESIGNA'T'ION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iQtesched to this deed of trust and made u part hereof has
<br />been disclaimed; the disclaimer is attached to this deed mftrust and made apart hereof.
<br />SIGNA'LURES: By signing below, Bmrrowe�gree to the terms and conwroutts contained in this deed of trust, including those on page
<br />2, and ( flay riders descrih it $have "igned By rower.
<br />/�(.✓ LY i . �ZO���,l
<br />TI OTHY DFIFFR SUSAN E PFEIFE
<br />ACYNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 01/092003
<br />By TIMOTHY D PFEIFER and SUSAN E PFEIFER, HUSBAND AND WIFE
<br />My commission expires:
<br />(Natary Public)
<br />III GENERAL NDTAR &81aN of Naataska
<br />SHARON K KLEINT
<br />My Gomm. Exp. Dec 3. 2003
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