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<br />DEED OF TRUST 200304681 `� o
<br />PARTIES: This Deed of Trust is made on 04/08/2003 among, the Grantor, TERRY D BUSHHOUSEN AND CAROL fZ',BUSHHOUSEN,
<br />(HUSBAND AND WIFE)( "Borrower ")
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grnnd 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 Borower 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 culled the
<br />"property').
<br />PROPERTY ADDRESS: 104 W FRONT ST, ALDA, Nebraska 68810
<br />LEGAL DESCRIPTION:
<br />LOT SEVEN (7), BLOCK TWENTY (20), 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 oft r l 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 ton, includes any amounts
<br />Borrower owes to Lauder under this deed of bust 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 mist and the dales thereof.):
<br />® A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 04/08/2003
<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 some extern as if made on the data of this deed of trust is executed.
<br />❑ Revolving line oferedit agreement dated _ , with initial annual interest rate of %
<br />All amounts owed under this agreement we secured even though all amounts may at yet be advanced. Future advances under
<br />the agreement are contemplated and will be secured to the same extent as if made on the data this deed of trust is executed.
<br />The above obligation is due and payable on October 09, 2003 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 amourd of $53,999.50, plus
<br />interest, plus any amounts disbursed under the terms of this deed of Imst to prefect the security of this deed of trust or to perform any of the
<br />covenants contained in this deed ofoust, with interest on such disburscmcnts.
<br />❑ Variable Rate: 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 loon agreement containing the terns under which the interest rate may vary is attached to this deed of trust and
<br />made a part hereof.
<br />RIDERS: ASSIGNMENT OF RUN TS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iMMached to this deed of trust and made a pmt hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed oftrust and made apart hereof.
<br />SIGNATURES: By signing below, Barrowar agree to the terms and convenams contained in this deed of trust, Including those on page
<br />2, and in any riders described above signed by Borrower. 7/
<br />�/ >e_,.N ✓,. lJ..e -a �a rte- - __ C�✓�'�A�Y �h `�,. ��/t- �i'..�-[o .. _-e-, _
<br />'fE D BUSHHOUSEN ✓ CAROL° USHHOUSEN
<br />ACKNOWLEDGMNNT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 04/08/2003 _. -.-
<br />Hy TERRY D BUSHHOUSEN and CAROL L BUSHHOUSEN, GENERAL NOTARY -btata of Nin&,ko
<br />III PENNY HOLLOWny
<br />My commission expires: _ My comm. Dix. May to,'003
<br />are is
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