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<br />DEED OF TRUST 200304680 N OZ
<br />PARTIES: This Deed of Trust is made on 04/10/2003 among, the Grantor, CARLOS R SIMMONS AND STEPHANIE L SIMMONS,
<br />HUSBAND AND WIFE ( "Borrower "),
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the
<br />Beneficiary, HOMY', FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the
<br />Taws ofNEBRASKA 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 -u6
<br />way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property ").
<br />PROPERTV ADDRESS: 4234 ARIZONA AVE, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />LOT SEVENTEEN (17), IN CAPITAL HEIGHTS SEVENTH 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: 'I'his deed of trust secures to Lender repayment of the secured debt and the performance 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 decd of trust, 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 04/10/2003
<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 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 arc 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 20, 2012 ifnot paid earlier.
<br />The total unpaid balance secured by this deed of mist at any one time shall not exceed a maximum principal amount of $9,560.50, 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 deed oftrust, with interest on such disbursements.
<br />r7 Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terms ofthat obligation.
<br />A copy of the loan agreement containing the terns under which the interest rate may vary is attached to this decd 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 idttached to this deed of trust and made a part hereof has
<br />F1 been disclaimed; the disclaimer is attached to this deed of trust and made a part hereof.
<br />SIGNATURES: By sigpnn g below, Borrower agree to the terms and convenants Fontlained in this deed u rust, including [hose on page
<br />2, and in any riders. . lied above y Borrower.
<br />ARLOS R SIMMONS STEPHANIE L SIMMONS
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 04/10/2003
<br />By CARLOS R SIMMONS it STEPHANIE L SIMMONS, HUSBAND AND WIFE
<br />My commission expires: DC. Zrl. xa C) 1 / r f //
<br />�/� 0(., /� (Notary Public)
<br />III 6fBFR"NOAIlY,51amcf Rebrulu
<br />CHRIS L KASKIE
<br />W Comm. Dp. 0ec. 29, 2004
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