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<br />DEED Oil '1'RUST
<br />200303823 °
<br />PARTIES: This Deed of Tmst is made on 03/25 /2003 among, the Grantor, BARRY A SKALBERG AND TRACI L SKALBERG, HUSBAND
<br />AND WIFE ('Borrower"),
<br />AREND R HAACK, A'I"I'ORNEY, whose rexidei ee address is P. O. Be. 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 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: 3203 W 16TH ST, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />LOT FIVE (5), ISLAND ACRES NUMBER SIX (6), GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convents and warrants title to the property, except for
<br />SECURED DEBT: This deed of trust secures to Lender repayment of die secured debt and the performance of the eonvelmnts 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 decd of trust or under any instrument secured by this deed of trust, and all modifications, extensions and
<br />,encwals 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 SECURITY AGREF,MFNT DATED 03 /25/2003
<br />0 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 as if made on the date of this deed oftrust is executed.
<br />❑ Revolving line of credit agreement dated , with initial annual interest rate of %
<br />All amounts owed under this agreement me 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 payahle on June 27, 2003 if not paid earlier.
<br />The total unpaid balance secured by this deed of trust at any one time shall not exceed a nnaxinmm principal amount of $20,073.50, 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 decd of trust, 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 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�luulued to this deed of trust mid made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed oftrust and made a part hereof.
<br />SIGNAI IIRE.S: By signing below, Borrower agree to the terms and conventions contained in this deed oftrust, including those on page
<br />2, and in any riders described above signed by Borrower.
<br />kt QR Cs�La4.
<br />BARRY AbflCALBERG 'I'RACI L SKALBER
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 03/25/ 003
<br />By BARRY A SKALBERG and TRACI L SKALBERG, HUSB D AND WIFE
<br />My commission expires: )' / —/ y
<br />_ � V-✓� YY//��// (NMary Public)
<br />ir E
<br />NEBAI NOiAGIUBe sI Neb/aske
<br />�I MINDY GIIBERT ;ON ;
<br />MY Cemm Er0. Mry 16, 200A
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