|
yC U 0
<br />:kl n (l o
<br />t� m I 2 ➢ „1 �3 y Nfal
<br />Z n i A\
<br />0
<br />0 '1 h
<br />m D
<br />A' r A
<br />U)
<br />N n me
<br />s
<br />W
<br />O
<br />DEED OF TRUST
<br />PARTIES: This Deed of Trust is made on 03/19/2003 among, the Grantor, LARRY W BENGTSON AND JANICL M BFNGTSON,
<br />HUSBAND AND WIFE ('Borrower "), c
<br />ARF.ND 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 ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the O
<br />laws of NEBRASKA whose address is 221 SOUTH LOCUS S I'REET, 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 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: 4070 WES l' CAPITAL, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />LOT THREE (3) IN BLOCK TWO (2) IN JENKF SON SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />Located in hall County, Nebraska.
<br />TITLE: Borrower convenants and 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 conventions 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 Leader under this deed of trust or under any instrument secured by this decd 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 />0 A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 03/19/2003
<br />Future advances: The 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 tie 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 of trust is executed.
<br />The above obligation is due and payable on March 20, 2008 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 $23,055.50, plus
<br />interest, plus any amounts disbursed under the terms of this decd 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 Rae: 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 lam 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 />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iQttached 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 terms and conven is contained in this deed trust, including those on page
<br />2, and in any riders described above i6 ed by Borrower.
<br />p
<br />CARRY W 1 GTSON . JANICE M BENGTSON
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 03/19/2003
<br />By LARRY W BENGTSON and J 9A��NICE M BLNO "ISON, I HUSBAND AND WIFE
<br />My commission expires: V -�J
<br />—(Notary Public)
<br />P II I GENERAL NOTARYSLt3 of Nebraska
<br />SHARON K KLEINT
<br />My Gomm. Exp, Des 3 , 2003
<br />
|