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<br />DEED ON "1'RCS'I'
<br />200302531
<br />PARTIES: This Deed of Trust is made on 02/24/2003 among, the Comforr,'I HOMAS 1 PESHA AND D LORRNF PFSI IA, HI SBAN'D AND
<br />WIFE (`Borrower "),
<br />AREND R BAACK, ATTORNEY, whose residence address is R O. Box 790, Gould Island, Hall County, Nebraska ( "Trustee-'), and the
<br />Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation org¢nieed and existing under the
<br />laws ofNEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 (9 ender').
<br />C'ONVEVANCE: For value received, Borrower irrevocably grants and conveys to Trader, 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 ell 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: 326 PONDEROSA DR, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />LOT EIGHT (8) N BLOCK ONE (1) PONDEROSA LAKE ESTATES FOURTH SUBDIVISION, AN ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenwrts and warrants title to the property, except for
<br />SECURED DEB'P: This deed of trust secures to Larder repayment of the secured debt and the performance of the convwants and agreements
<br />contained in this deed of trust and in any other document incorporated herein. Secured dobt, 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 SLCURITY AGREEMENT DATED 02/24/2003
<br />® Future advances: The above amount is secured even though all or part of it may not yet be advanced_ Future advances arc
<br />contemplated and will be secured to the same extent as if made on the date Of this decd oftrust is executed.
<br />❑ Revolving line of credit agreement dated , with initial annual interest rote of
<br />i
<br />All amounts owed under [his agreement arc secured evmr 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 oa the date this deed of trust is executed.
<br />The above obligation is due and payable on March 30, 2003 ifnot paid earlier.
<br />The total unpaid balance secured by this deed of trust at wry one time shall not exceed a maximum principal amount of $202,055.911, plus
<br />interest, plus any amounts dishursed under the terms of this deed of trust to protect the security of this deed of tmst 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 ofthat obligation.
<br />❑ A copy ofthe lows agreement containing the terms under which the interest rate may vary is attached to this deed oftlult and
<br />made a part hereof,
<br />RIDERS: ASSIGNMEN I' OI' RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead i2ttached to this deed of trust and made a part hecof 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 conventions contained in this deed of trust, including those on page
<br />2, and in any rid scribed adowilerdr7ned ltv.1torritwer.
<br />I HOMAS.i VXHA AllA
<br />LORRINENE PESHA
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS
<br />The foregoing instrument was acknowledged before me on 02/24/2003
<br />By IHOMAS 1 PESHA and D LORRINE PESHA, III ISBAND AND 'IFE
<br />My commission expires' 1
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<br />III GENERAL NOTARY -Stale of Ni " n4i. - /. 2- _(Notary Public)
<br />MINDY GILBERTSON
<br />My comm. l Mae, 18, 2004
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