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<br />DEED OF TRUST 200301801 W
<br />PARTIES: This Deed of Tmst is made on 02/05/2003 among, the Grantor, MICHAEL S EWOLDT AND JANET A EWOLDT, HUSBAND
<br />AND WIFE ( "Bormwer "),
<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 'I'mstee, 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, casements, rants, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property ").
<br />PROPERTY ADDRESS: 2504 W ANNA, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />THE EASTERLY FORTY -EIGHT (E48) FEET OF LOT TWENTY ONE (2 1) AND THE WESTERLY 'fHIR'I'Y SIX (W36) FEET OF LOT
<br />TWENI'Y'I'WO(22)BLOCK TWO (2) PARKHILL SUBDIVISION AN ADDITION TO THE CITY OF GRAND ISLAND NEBRASKA
<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 co. nts
<br />vena and agreements
<br />contained in this deed oftrust and in any other document incorporated herein. Secured debt, as used in this deed oftrust, 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 />E A PROMISSORY NOTE AND SECURITY AGREEMENT DATF,D 02/05 /2003
<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 ifmade on the date ofthis deed oftrust 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 ifmade on the date this deed oftrust is executed.
<br />The above obligation is due and payable on January 20, 2008 ifnot 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 $30,026.00, 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 />Variable Rate: 'I'he interest rate on the obligation secured by this deed oftrust may vary according to the terms ofthat obligation.
<br />7 A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed oftrust and
<br />made a part hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OI; HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iQttached to this deed oftrust and made a part hereof has
<br />been disclaimed; the disclaimer is attached to this deed oftrust 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 to any riders described above signed by Borrower. I
<br />MICHAEL S EWOLDT i JANET A EWOLDT
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 02/
<br />By MICHAEL S EWOLDT and JANET A EWOLDT, H VIDAND
<br />i
<br />My commission expires:
<br />WIFE
<br />Public)
<br />cntaal. NUMMY -blue of llp r ka
<br />PATSY A KALKOWSKI
<br />My Comm. EXP. WI 21, 2009
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