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PARTIES: This Deed of Trust is made on 02/26/2003 among, the Grantor, LEE A LEHMAN AND SUSAN M LEHMAN, HUSBAND AND
<br />W ll'E ( "Borrower"),
<br />AREND R BAACR, 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 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 thraeon and all rights -of-
<br />way, casements, rents, issues, profits, income. tenements, hoes itamcnts, privileges and any appurtenances thereunto belonging (all Balled the
<br />"pmperty" ).
<br />PROPERTY ADDRESS: 307 S ALEXANDRIA, CAIRO, Nebraska 68924
<br />LEGAL DESCRIPTION:
<br />LOTS ELEVEN ( 1 1 ) AND TWELVE (12) AND THE SOUTH 2.0 FEET (ST) OF LOT THIRTEEN ( 1 3 ) , BI OCK E l i I IT (8), ORIGINAL
<br />TOWN OI CAIRO, HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />T'I'TLE: Borrower convenants and warrants title to the property, except for
<br />SECURED DEBT: This deed of trust secures to Lender repayment of the seemed debt and the performance of the conventions and agreements
<br />contained in this deed oC u'nd and in any ulher document incorporated herein. Secured debt, as used in this deed of trust, includes any amounts
<br />Romower 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 />■ A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 02/26/2003
<br />® Future advances: The above amount is secured even though all or part of it may not yet he advanced Future advances are
<br />contemplated and will he secured to the same extent as if made on the date ofthis deed of trnst is executed.
<br />❑ Revolving line of credit agreement dated with initial annual interest rate oC %
<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 date this decd of trust is executed_
<br />the above obligation is due and payable on September 15, 2008 Foot paid earlier.
<br />The total unpaid balance secured by this decd of trust at any one time shall not exceed a maximum principal amount of $32,898.58, 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 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 faims of that 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 I ION 01: HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, dcsigmatien of homestead iQftarh,,d to this deed of trust and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed oftrust and made a part hereof.
<br />SIGNATURES: BMigaing be , Borrower agree to the terms and convenants contained in this deed of trust, including those on page
<br />2, and in any rid ¢scribe a e signed by Borrower.
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<br />LE9-AlLEHMAr,r SUSAN M LEHMAN
<br />ACKNOWLEDGMENT: STATE OF NFBRASICA, HALL COUNTY SS'
<br />The foregoing instrument was acknowledged before me on 02/26/2003
<br />By LEE A LEHMAN and SUSAN M�LEHMAN, /H\USrBAND AND WIFE
<br />My commission expires:
<br />�-- w1RvHory public)
<br />OFNERAL NOTARY -State at Nebraska
<br />CHRIS L. KASRIE
<br />NY Comm. nap. Dec. 2B, 2001
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<br />200302667
<br />DEED OF TRUST
<br />PARTIES: This Deed of Trust is made on 02/26/2003 among, the Grantor, LEE A LEHMAN AND SUSAN M LEHMAN, HUSBAND AND
<br />W ll'E ( "Borrower"),
<br />AREND R BAACR, 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 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 thraeon and all rights -of-
<br />way, casements, rents, issues, profits, income. tenements, hoes itamcnts, privileges and any appurtenances thereunto belonging (all Balled the
<br />"pmperty" ).
<br />PROPERTY ADDRESS: 307 S ALEXANDRIA, CAIRO, Nebraska 68924
<br />LEGAL DESCRIPTION:
<br />LOTS ELEVEN ( 1 1 ) AND TWELVE (12) AND THE SOUTH 2.0 FEET (ST) OF LOT THIRTEEN ( 1 3 ) , BI OCK E l i I IT (8), ORIGINAL
<br />TOWN OI CAIRO, HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />T'I'TLE: Borrower convenants and warrants title to the property, except for
<br />SECURED DEBT: This deed of trust secures to Lender repayment of the seemed debt and the performance of the conventions and agreements
<br />contained in this deed oC u'nd and in any ulher document incorporated herein. Secured debt, as used in this deed of trust, includes any amounts
<br />Romower 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 />■ A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 02/26/2003
<br />® Future advances: The above amount is secured even though all or part of it may not yet he advanced Future advances are
<br />contemplated and will he secured to the same extent as if made on the date ofthis deed of trnst is executed.
<br />❑ Revolving line of credit agreement dated with initial annual interest rate oC %
<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 date this decd of trust is executed_
<br />the above obligation is due and payable on September 15, 2008 Foot paid earlier.
<br />The total unpaid balance secured by this decd of trust at any one time shall not exceed a maximum principal amount of $32,898.58, 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 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 faims of that 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 I ION 01: HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, dcsigmatien of homestead iQftarh,,d to this deed of trust and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed oftrust and made a part hereof.
<br />SIGNATURES: BMigaing be , Borrower agree to the terms and convenants contained in this deed of trust, including those on page
<br />2, and in any rid ¢scribe a e signed by Borrower.
<br />(
<br />r - -� / /�
<br />LE9-AlLEHMAr,r SUSAN M LEHMAN
<br />ACKNOWLEDGMENT: STATE OF NFBRASICA, HALL COUNTY SS'
<br />The foregoing instrument was acknowledged before me on 02/26/2003
<br />By LEE A LEHMAN and SUSAN M�LEHMAN, /H\USrBAND AND WIFE
<br />My commission expires:
<br />�-- w1RvHory public)
<br />OFNERAL NOTARY -State at Nebraska
<br />CHRIS L. KASRIE
<br />NY Comm. nap. Dec. 2B, 2001
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