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<br />DEED OF TRUST 200302532
<br />PARTIES: This Deed of Trust is made on 01/28/2003 among, the Grantor, LONNIE D JOHNSON AND BONNIE M STARMAN, A SINGLE
<br />PERSON ( "Borrower "),
<br />AREND R HAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "'I'mstee'), 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. 65801 ( "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 -ol
<br />way, easements, rents, issues, profits, income, tenements, heredltaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property).
<br />PROPERTY ADDRESS: 204 VINE ST PO BOX 241, ALDA, Nebraska 68810
<br />LECAL DESCRIPTION:
<br />LOTS ONE (1), TWO (2), AND THREE (3), CLARKNON'S FIRS'£ ADDITION TO THE VILLAGE OF ALBA, HALL COUNTY,
<br />NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convectors mid 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 />IN A PROMISSORY NOTE AND SECURITY AGREEMENT DA'Z'ED 01/28/2003
<br />Future advances: The above =until 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 dale this deed oftrusl is executed.
<br />The above obligation is due and payable on February 20, 2012 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 $5,288.59, plus
<br />interest, plus any amounts disbursed under the terms of this deed of tmat to protect the security of this decd of trust or to perform any of the
<br />cave ants 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 terns 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 iU tached to this deed of vita and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed of trust and made a pmt 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 above similid by oirower.
<br />NNIE D JOHNSON BONNIE M STARMAN
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 01/28/2003
<br />By LONNIE D JOHNSON and BONNIE M STARMAN, A SINGLE PERSON
<br />My commission expires: I t� 'C13 -03 � / J
<br />otary Public)
<br />GENERAL NGiARKSlate at Nebraska
<br />SHARON K KLEINT
<br />MY Comm. hap. nee 3, 2X3
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