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<br />DEED OF TRUST ,2003y 2833 °
<br />PARTIES: This Deed of'7mst is made on 03/04/2003 among, the Cantor, KARL M HECK AND PAU I .I I IFCK, HUSBAND AND WIFE
<br />( "Borrower").
<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' ASSOCIA IION OF GRAND ISLAND, a corporation organized and existing under the
<br />laws of NEBRASKA whose address is 321 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 sate, 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, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property').
<br />PROPERTY ADDRESS: 4218 PENNSYLVANIA AVE- GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />LOT EIGHT (8), BLOCK TWO (2), CAPITAL I It ](it I IS SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
<br />SECURED DEBT: This deed oftrust secures to Lender repayment of the secured debt and the performance of the reavenants and agreements
<br />contained in this deed oftrust and in any other document incorporated herein. Secured debt, as used in this deed of trust, includes any amounts
<br />Beaower 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 SLCLRI'LY AGRLLMLN'I DAILD 03/04/2003
<br />® Future advances: 'Ihe 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 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 date this deed oftrust is executed.
<br />The above obligation is due and payable on March 25, 2008 if not paid earlier_
<br />'Ihe total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of 514,010.50, plus
<br />interest, plus any amounts disbursed under the tems of this deed of trust to protect the security of this deed of trust or to perfomt any of the
<br />covenants contained in this deed ofirust, with interest on such dlshursements.
<br />❑ Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms ofthat obligation.
<br />❑ A copy ofthe 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 OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead i— attached 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: By signing below, Borrower agree to the torn, and uonvcnanls contained in this deed of trust, including those an page
<br />2, and in any riders described ab signed by Borrower. (�
<br />I- I � 9X5..0.
<br />KARL M HECK PAULA J HECK
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COI INTY SS:
<br />The foregoing instrument was acknowledged before nre on 03/04/2003
<br />By KART. M HECK and PAI TLA I HECK, HITS —ByA N O A N 1) W I PI'.
<br />My commission expires: ��- - / f
<br />A'U�irX' (Notary Public)
<br />N€N[AAL NOTARY-State of Ik6rlsYa
<br />CHRIS L. KASKIE
<br />my Game bit. Osa.19, 2W4
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