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<br />DEED OF TRUST O
<br />PARTIES: This Deed of Trust is made on 04/09/2003 among, the Grantor, TERRY L KLANECKY AND SHARON K KLANECKY,
<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, 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, casements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property" ) .
<br />PROPEITIN ADDRESS; 2116'1'OPEKA CIR, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />LOT TEN (10), JEFFREY OAKS SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
<br />SECURED DEBT. 'Phis 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 deed 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 /09/2003
<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 oferedit 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 16, 2008 ifnot 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 $21,864.00, 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 oftmst, with interest on such disbursements.
<br />E] Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terns ofthat 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 OP RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead i5tu ched to this decd of trust and made a part hereof has
<br />E] been disclaimed; the disclaimer is attached w this deed of trust and made a pan hereof.
<br />SIGNATURES: By signing below, Borrower agree to the terms and convenants contained in this deed of trust, including those on page
<br />2, and in any riders described above signed by Burrower. p
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<br />L KLANECKY �2 SIIARON KKLA ECKY
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, I IALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 04/09/2003
<br />By TERRY L KLANECKY and SI IARON K KLANECKY, HUSBAND AND WIFE
<br />My commission expires: P @c� 2-"f Zv t%`/ Z e © r
<br />v/I�1J OC (Notary Public)
<br />IGEN NOTARY- State of Nebraska
<br />CHRIS L. KASKIE
<br />kN Comm. Exp. 0ec. 28, 20M
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