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<br />" (° 200304274 ( N Z
<br />DEED OF TRUST C
<br />PARTIES: This Dad of Trust is made on 04/04/2003 among, the Grantor, JEREMY M COLLINSON AND KARLA A COLLINSON,
<br />(HUSBAND AND WIFE)( °Borr'ower's,
<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 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 most, 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: 203 E PLUM ST, DONIPHAN, Nebraska 68832
<br />LEGAL DESCRIPTION:
<br />A PIECE OR PARCEL OF LAND COMMENCING AT A POINT FIVE HUNDRED EIGHTY (580) EAST OF THE SOUTHWEST CORNER
<br />OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER (SWI /4SEi /4) OF SECTION FIVE (5), TOWNSHIP NINE (9)
<br />NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, AND ONE HUNDRED NINETY -TWO (192) FEET
<br />NORTH AND DESCRIBED AS FOLLOWS: RUNNING EAST SIXTY (60) FEET, THENCE NORTH ONE HUNDRED FORTY -TWO (142)
<br />THENCE WEST SIXTY (60) FEET, THENCE SOUTH ONE HUNDRED FORTY -TWO (142) FEET TO THE PLACE OF BEGINNING.
<br />AND COMMENCING AT A POINT ON THE SOUTH SIDE OF PLUM STREET IN THE VILLAGE OF DONIPHAN FIVE HUNDRED
<br />ONE (501) FEET EAST OF THE CENTER OF THE ST. JOE AND GRAND ISLAND RAILROAD, RUNNING THENCE EAST THIRTY
<br />(30) FEET, THENCE SOUTH ONE HUNDRED FORTY -FOUR (144) FEET, THENCE WEST THIRTY (30) FEET, THENCE NORTH ONE
<br />HUNDRED FORTY -FOUR (144) FEET TO THE PLACE OF BEGINNING, BEING PART OF THE SOUTHWEST QUARTER OF THE
<br />SOUTHEAST QUARTER (SW 1/4SE1/4) OF SECTION FIVE (5), TOWNSHIP NINE (9) NORTH, RANGE NINE (9) WEST OF THE 6T"
<br />P.M, HALL COUNTY, NEBRASKA.
<br />Located in hall County, Nebraska.
<br />TITLE: Borrower eonvenam, 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 perfomrance of the convenants 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 Lender under this dad of must or under any instrument secured by (his 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 must and the dates thereof.):
<br />E A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 04/04/2003
<br />Future advances: The above amount is secured even though all or part of it my 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 of trust is executed.
<br />The above obligation is due and payable on April 15, 2012 if not paid earlier.
<br />The total unpaid balance secured by this dad of must at any one time shall not exceed a maximum principal amount of $6,190.50, plus
<br />interest, plus any amounts disbursed under the terms of this dad of must to protect the security of this deed of trust or to perform any of the
<br />covenants contained in this deed of trod, with interest on such disbursements.
<br />❑ Variable Rate: The interest rate on the obligation secured by this deed of must 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 iUttached to this deed of trust and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this dad of trust and made a part hereof.
<br />SIGNATURES: By signing below, Borrower agree to the terms and conven is contained in this deed of trust, including those on page
<br />2, and in any rider(s� described above by st�yt ned by Borrower. �]
<br />M COLLINSON KARLA A COLLINSON
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 04/04/200�� *Pblic) By JEREMY M COLLINSON and KARLA A COLLINSON, GENERAL NOTARY Staten of Nebraska III PENNY HOLIA'I My commission expires: My Comm. E%p. May 10, 2003
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