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DEED OF TRUST PARTIES: This Deed of Trust is made on 02/05/2003 among, the Grantor, TERRY SPEED AND CHRISTA SPEED, HUSBAND AND WIE ( "Borrower"), AREND R BAACK, ATTORNEY, whose residrnce address is P. O. Box 790, Grand Island, I Iall County, Nebraska ("Trustee "), and the Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender'). CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real properly, of which Borrower is lawfully seized, described below and all buildings, fixtures, and existing and future improvements thereon and all rights -of- way, easements, rents, issues, profits, income, tenements, hereditameats, privileges and any appurtenances thereunto belonging (all called the "property'). PROPERTY ADDRESS: 1625 COVENTRY LANE, GRAND ISLAND, Nebraska 68801 LEGAL DESCRIPTION: LOT TWELVE (12) IN BLOCK TWO (2), IN NORMANDY ESTATES, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,NEBRASKA Located in Hall County, Nebraska. TITLE: Borrower convcnants and warrants title to the property, except for SECURED DEBT: 'Phis deed of trust secures to Lender repayment of the secured debt and the performance of the convcnants and agreements contained in this deed of trust and in any other document incorporated herein. Secured debt, as used in this deed oftrust, includes any amounts Burrower owes to Lender under this deed of tmat or under any instrument secured by this deed oftrust, and all modifications, extensions and renewals thereof. The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof): E A PROMISSORY NOI'E AND SECURITY AGREEMENT DATED 02/05/2003 Future advances: The above amount is secured even though all or part of it may not yet be advanced. I once advances are contemplated and will be secured to the same extent as if made on the date of this deed of most is executed. ❑ Revolving line of credit agreement dated , with initial annual interest rate of _ __ All amounts owed under this agreement are secured even though all amounts may not yet be advanced. Future advances under the agreement are contemplated and will be secured to the same extent as if made on the date this deed oftrust is executed. The above obligation is due and payable on March 01, 2008 ifnot paid earlier. The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of .$17,442.21, plus interest, plus any amounts disbursed under the tents of this deed of lost to protect the security of this deed of trust or to perform any of the covenants contained in this deed oftrust, with interest on such disbursements. ❑ Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terns of that obligation. ❑ A copy of the loan agreement containing the terns under which the interest rate may vary is attached to this deed of trust and made a part hereof. RIDERS: ASSIGNMENT OF RENTS DESIGNATION OF HOMESTEAD Pursuant to the Farm Homestead Protection Act, designation of homestead iQuaehed to this deed of treat and made a part hereof has ❑ been disclaimed; the disclaimer is attached to this deed oftrust and made a part hereof. SIGNATURES: By signing below, Burrower agree to the terms and convenants contained in this deed of trust, including those on page 2, and in any riders described above sigved b Borrower. TERRYS Ell U CHRISTA SPEED Ili OihtRAl NUTARY -Btsle cl Ilahraska LISA ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS' III Comm, s MAYFR my omm Ex p. May ID, 2003 The foregoing instrument was acknowledged before me on 02/05/2003 By TERRY SPEED and CHRISTA SPEED, HUSBAND AND WIE My commission expires: CN (Notary Public) m Z D J n in W o y O n r) Z K � = pq N 200302124 DEED OF TRUST PARTIES: This Deed of Trust is made on 02/05/2003 among, the Grantor, TERRY SPEED AND CHRISTA SPEED, HUSBAND AND WIE ( "Borrower"), AREND R BAACK, ATTORNEY, whose residrnce address is P. O. Box 790, Grand Island, I Iall County, Nebraska ("Trustee "), and the Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender'). CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real properly, of which Borrower is lawfully seized, described below and all buildings, fixtures, and existing and future improvements thereon and all rights -of- way, easements, rents, issues, profits, income, tenements, hereditameats, privileges and any appurtenances thereunto belonging (all called the "property'). PROPERTY ADDRESS: 1625 COVENTRY LANE, GRAND ISLAND, Nebraska 68801 LEGAL DESCRIPTION: LOT TWELVE (12) IN BLOCK TWO (2), IN NORMANDY ESTATES, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,NEBRASKA Located in Hall County, Nebraska. TITLE: Borrower convcnants and warrants title to the property, except for SECURED DEBT: 'Phis deed of trust secures to Lender repayment of the secured debt and the performance of the convcnants and agreements contained in this deed of trust and in any other document incorporated herein. Secured debt, as used in this deed oftrust, includes any amounts Burrower owes to Lender under this deed of tmat or under any instrument secured by this deed oftrust, and all modifications, extensions and renewals thereof. The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof): E A PROMISSORY NOI'E AND SECURITY AGREEMENT DATED 02/05/2003 Future advances: The above amount is secured even though all or part of it may not yet be advanced. I once advances are contemplated and will be secured to the same extent as if made on the date of this deed of most is executed. ❑ Revolving line of credit agreement dated , with initial annual interest rate of _ __ All amounts owed under this agreement are secured even though all amounts may not yet be advanced. Future advances under the agreement are contemplated and will be secured to the same extent as if made on the date this deed oftrust is executed. The above obligation is due and payable on March 01, 2008 ifnot paid earlier. The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of .$17,442.21, plus interest, plus any amounts disbursed under the tents of this deed of lost to protect the security of this deed of trust or to perform any of the covenants contained in this deed oftrust, with interest on such disbursements. ❑ Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terns of that obligation. ❑ A copy of the loan agreement containing the terns under which the interest rate may vary is attached to this deed of trust and made a part hereof. RIDERS: ASSIGNMENT OF RENTS DESIGNATION OF HOMESTEAD Pursuant to the Farm Homestead Protection Act, designation of homestead iQuaehed to this deed of treat and made a part hereof has ❑ been disclaimed; the disclaimer is attached to this deed oftrust and made a part hereof. SIGNATURES: By signing below, Burrower agree to the terms and convenants contained in this deed of trust, including those on page 2, and in any riders described above sigved b Borrower. TERRYS Ell U CHRISTA SPEED Ili OihtRAl NUTARY -Btsle cl Ilahraska LISA ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS' III Comm, s MAYFR my omm Ex p. May ID, 2003 The foregoing instrument was acknowledged before me on 02/05/2003 By TERRY SPEED and CHRISTA SPEED, HUSBAND AND WIE My commission expires: CN (Notary Public)