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DEED OF TRUST
<br />PARTIES: This Decd of Trust is made on 04/18/2003 among, the Grantor, DENNIS R CROWELL AND PHYLIS L CROWELL, HUSBAND
<br />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 ofNF.BRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender').
<br />CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Tmstee, 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 -o8
<br />way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property").
<br />PROPERTY ADDRESS: 8700 S SCHAUPPSVILLE RD, WOOD RIVER, Nebraska 68883
<br />LEGAL DESCRIPTION:
<br />A TRACT OF LAND IN THE SOUTHEAST QUARTER (SRI A) OF SECTION TWENTY -SEVEN (27), TOWNSHIP TEN (10) NORTH,
<br />RANGE ELEVEN H 1) WEST OF THE 6TH P.M, HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />COMMENCING AT A POINT NINETY -THREE AND ONE -HALF (93 1/2) RODS NORTH OF THE SOUTHEAST CORNER OF SECTION
<br />NUMBER TWENTY -SEVEN (27), TOWNSHIP TEN (10) NORTH OF RANGE NUMBER ELEVEN (11), WEST OF THE 6TH P.M.,
<br />THENCE RUNNING NORTH ALONG THE EAST LINE OF SAID SECTION TWENTY -SEVEN (27) ONE HUNDRED SEVENTY -TWO
<br />AND ONE -HALF (172 I/2) FEET, THENCE RUNNING SOUTH EIGHTY -THREE DEGREES 10' WEST, TWO HUNDRED FIFTY -TWO
<br />(252) FEET, THENCE RUNNING SOUTH ONE HUNDRED SEVENTY -TWO AND ONE -HALF (172 1/2) FEET, THENCE RUNNING
<br />NORTH EIGHTY -THREE DEGREES Fr EAST (VA. I I DEGREES 45' E) TWO HUNDRED FIFTY -TWO (252) FEET TO THE PLACE OF
<br />BEGINNING.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants 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 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 sccurcd debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof):
<br />0 A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 04/18/2003
<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 are secured even though all amounts may not yet he advanced. Furore 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 if non 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 $30,057.93, plus
<br />interest, plus any amounts disbursed under the terms of this deed of trust to protect the security of this deed of most or to perform any of the
<br />covenants contained in this deed oftrust, with interest on such disbursements.
<br />p Variable Rate: The interest rate on the obligation secured by this deed oftmet may vary according to the terms ofthat obligation.
<br />A copy ofthe Inan agreement containing the terms under which the interest rate may vary is attached to this deed of trust and
<br />made a pan 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 />n been disclaimed; the disclaimer is attached to this deed of trust and made a part 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 an ders described have signed by Borrower. 7 i.� '
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<br />. ��ei �r��r�
<br />DENNIS R CROW ELL PHIS L CROWELL
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged betbre me on 04/18/2003
<br />By DENNIS R CROWELL and PHYLIS L CROWELL, HUSBAND AND WIFE
<br />My commission expires: 9 ., ?tl t � 0 � �J� v ��
<br />✓�'IJ111 Y (Notary Public)
<br />BEMBIAL CHRIS ` KASI eE
<br />CHBIS . KABWE
<br />Ny forum 9ro. Oeu BB. Y881
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<br />PARTIES: This Decd of Trust is made on 04/18/2003 among, the Grantor, DENNIS R CROWELL AND PHYLIS L CROWELL, HUSBAND
<br />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 ofNF.BRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender').
<br />CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Tmstee, 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 -o8
<br />way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property").
<br />PROPERTY ADDRESS: 8700 S SCHAUPPSVILLE RD, WOOD RIVER, Nebraska 68883
<br />LEGAL DESCRIPTION:
<br />A TRACT OF LAND IN THE SOUTHEAST QUARTER (SRI A) OF SECTION TWENTY -SEVEN (27), TOWNSHIP TEN (10) NORTH,
<br />RANGE ELEVEN H 1) WEST OF THE 6TH P.M, HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />COMMENCING AT A POINT NINETY -THREE AND ONE -HALF (93 1/2) RODS NORTH OF THE SOUTHEAST CORNER OF SECTION
<br />NUMBER TWENTY -SEVEN (27), TOWNSHIP TEN (10) NORTH OF RANGE NUMBER ELEVEN (11), WEST OF THE 6TH P.M.,
<br />THENCE RUNNING NORTH ALONG THE EAST LINE OF SAID SECTION TWENTY -SEVEN (27) ONE HUNDRED SEVENTY -TWO
<br />AND ONE -HALF (172 I/2) FEET, THENCE RUNNING SOUTH EIGHTY -THREE DEGREES 10' WEST, TWO HUNDRED FIFTY -TWO
<br />(252) FEET, THENCE RUNNING SOUTH ONE HUNDRED SEVENTY -TWO AND ONE -HALF (172 1/2) FEET, THENCE RUNNING
<br />NORTH EIGHTY -THREE DEGREES Fr EAST (VA. I I DEGREES 45' E) TWO HUNDRED FIFTY -TWO (252) FEET TO THE PLACE OF
<br />BEGINNING.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants 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 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 sccurcd debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof):
<br />0 A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 04/18/2003
<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 are secured even though all amounts may not yet he advanced. Furore 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 if non 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 $30,057.93, plus
<br />interest, plus any amounts disbursed under the terms of this deed of trust to protect the security of this deed of most or to perform any of the
<br />covenants contained in this deed oftrust, with interest on such disbursements.
<br />p Variable Rate: The interest rate on the obligation secured by this deed oftmet may vary according to the terms ofthat obligation.
<br />A copy ofthe Inan agreement containing the terms under which the interest rate may vary is attached to this deed of trust and
<br />made a pan 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 />n been disclaimed; the disclaimer is attached to this deed of trust and made a part 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 an ders described have signed by Borrower. 7 i.� '
<br />� l /
<br />. ��ei �r��r�
<br />DENNIS R CROW ELL PHIS L CROWELL
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged betbre me on 04/18/2003
<br />By DENNIS R CROWELL and PHYLIS L CROWELL, HUSBAND AND WIFE
<br />My commission expires: 9 ., ?tl t � 0 � �J� v ��
<br />✓�'IJ111 Y (Notary Public)
<br />BEMBIAL CHRIS ` KASI eE
<br />CHBIS . KABWE
<br />Ny forum 9ro. Oeu BB. Y881
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