|
x °g
<br />no
<br />.(�
<br />o
<br />mN°e
<br />N
<br />Z
<br />DEED OFTRKI
<br />2003O37G4
<br />°
<br />PARTIES: This Deed of'I'mst is made on 03/26/2003 among, the Grantor, DOUGLAS A OSTRANDER, A SINGLE PERSON ( "Borrower"),
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, hall County, Nebraska ("I Trustee ), and the
<br />Beneficiary, HOME FEDERAL SA V INGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the
<br />laws fNEBRASKA 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 Bonrower 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, hemditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property').
<br />PROPERTY ADDRESS: 59 VENUS S REE'1', G AND ISLAND, Nebraska 68810
<br />LEGAL DESCRIPTION:
<br />LOT FIFTY -NINE. (59), ARGO FOURTH SUBDIVISION, IN THE VILLAGE OF ALDA, 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 of tmst secures to Lender repayment of the secured debt and the performance of the convenants and agreements
<br />contained in this deed oftrust and in any other document incorporated herein. Secured debt, as used in this deed oftrust, 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 />E A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 03/26/2003
<br />® Future advances: The above annount 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 arc contemplated and will be secured W the scone extent as if made on the date this deed of trust is executed.
<br />The above obligation is due and payable on April 15, 2007 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 $6,647.58, 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 oftrust, with interest on such disbursements.
<br />❑ Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms 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 />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iQuached to this deed of trust and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached W this deed of trust and made a part hereof.
<br />SIGNATURES: By signing below, Borrower agree to the terms and convenants contained in this decd of trust, including those on page
<br />2, and in any riders described above signed by Borrower.
<br />re
<br />DOUCL AOSTRANDER
<br />ACKNOWLEDGMENT: STATE. OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 03/26/2003
<br />By DOUGLAS A OSTRANDER and, A SINGLE PERSON
<br />My commission expires: 27 O I
<br />(Notary Public)
<br />GENERAL NOTARY =Stale of Nebraska
<br />I CHRIS L. KASKIE
<br />*Cam Em. nee. 29, 20M
<br />
|