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PARTIES: This Deed of rust is made oa 04/29/2003 among, the Grantor, GREGORY L STIMPLE, A SINGLE PERSON ("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 S REFT, GRAND ISLAND, NEBRASKA 68801 ( "Lender ").
<br />CONVEYANCE: Par 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, easements, rents, issues, profits, income, tenements, hcrcditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property').
<br />PROPERTY ADDRESS: 541 FAST 20TH, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />PART OF LOT TWENTY -ONE (21), GEER SUBDIVISION OF LOTS SIX (6), SEVEN (7) AND EIGHT (8) OF GARRETES
<br />SUBDIVISION, APART OF THE EAST ONE -HALF (EI /2) OF SECTION NINE (9), l OWNSIIII' ELEVEN (11) NORTH, RANGE NNE
<br />(9) WEST OF THE 6TH P.M. IN HALL COUNTY, NEBRASKA, AND MORE PARTICULARLY DESCRIBED AS BEGINNING AT A
<br />POINT ON THE SOUTHEAST (SE) CORNER OF SAID LOT TWENTY -ONE (21) AND RUNNING WCS'ILRLY A DISIANCIs. OI'
<br />SIXTY -SIX LEFT (66'); THENCE RUNNING NORTHERLY A DISTANCE OF ONE HUNDRED FORTY -TWO POINT FOUR FEET
<br />(142.4) TO THE SOUTH LINE OF 20TH STREET; THENCE RUNNING EASTERLY ALONG SAID LINE OP 20111 S'IRLLI A
<br />DIS'IANCI, OF SIXTY -SIX FEET (66'); THENCE RUNNING SOUTHERLY A DISTANCE OF ONE HUNDRED FORTY -TWO POINT
<br />FOUR FEET (142.4) TO THE POINT OF THE BEGINNING.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower eci vements 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 cunvenants and agreements
<br />contained in this deed of trust and in any other document incorporated herein- Secured debt, as used is this deed of trust, includes any amounts
<br />Borrower owes to Lender under this deed of trust c under any instrument secured by this deed of trust, and all modification, stcn,on, and
<br />renewals thereof,
<br />The scanted debt is evidenced by (List all instruments and agreements seemed by This deed of trust and the dares thereof.):
<br />® A PROMISSORY NOTE AND SECURITY AGREEMENI DATED 04/29/2003
<br />® Future advances: '[he above amount is secured even though all or part of n may not yet be advanced. Future advances ere
<br />contemplated and will be seemed to the same extent as if made an the date of this deed uI t...I is executed.
<br />❑ Revolving line of credit agreement dated , with initial annual interest rate of
<br />All amounts owed under this agreement are secured evert though all amounts may not yet be adhanced. Future advances under
<br />the agreement are contemplated and will be secured to the same extent as if made on the date this decd of trust is executed.
<br />The above obligation is due and payable on May 15, 2008 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 amount of $16,093.29, plus
<br />interest, plus any amnunts 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 of trust, with interest on such disbursements.
<br />❑ Variable Rate: 'I'he interest rate on the obligation secured by this deed of t ust 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 I lomestead Protection Act, designation of homestead iL-Ittached to this deed of trust and made a part hereof has
<br />❑ 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, aad In any riders desc ' ed ahnve signed by Borrower.
<br />G OL SMPft
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 04/29/2003
<br />By GREGORY L STIMPLE and, A SINGLE. PERSON
<br />My commission expires '3 1 01
<br />RO" _ _ Notary Public)
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<br />DEED OF TRUST
<br />PARTIES: This Deed of rust is made oa 04/29/2003 among, the Grantor, GREGORY L STIMPLE, A SINGLE PERSON ("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 S REFT, GRAND ISLAND, NEBRASKA 68801 ( "Lender ").
<br />CONVEYANCE: Par 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, easements, rents, issues, profits, income, tenements, hcrcditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property').
<br />PROPERTY ADDRESS: 541 FAST 20TH, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />PART OF LOT TWENTY -ONE (21), GEER SUBDIVISION OF LOTS SIX (6), SEVEN (7) AND EIGHT (8) OF GARRETES
<br />SUBDIVISION, APART OF THE EAST ONE -HALF (EI /2) OF SECTION NINE (9), l OWNSIIII' ELEVEN (11) NORTH, RANGE NNE
<br />(9) WEST OF THE 6TH P.M. IN HALL COUNTY, NEBRASKA, AND MORE PARTICULARLY DESCRIBED AS BEGINNING AT A
<br />POINT ON THE SOUTHEAST (SE) CORNER OF SAID LOT TWENTY -ONE (21) AND RUNNING WCS'ILRLY A DISIANCIs. OI'
<br />SIXTY -SIX LEFT (66'); THENCE RUNNING NORTHERLY A DISTANCE OF ONE HUNDRED FORTY -TWO POINT FOUR FEET
<br />(142.4) TO THE SOUTH LINE OF 20TH STREET; THENCE RUNNING EASTERLY ALONG SAID LINE OP 20111 S'IRLLI A
<br />DIS'IANCI, OF SIXTY -SIX FEET (66'); THENCE RUNNING SOUTHERLY A DISTANCE OF ONE HUNDRED FORTY -TWO POINT
<br />FOUR FEET (142.4) TO THE POINT OF THE BEGINNING.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower eci vements 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 cunvenants and agreements
<br />contained in this deed of trust and in any other document incorporated herein- Secured debt, as used is this deed of trust, includes any amounts
<br />Borrower owes to Lender under this deed of trust c under any instrument secured by this deed of trust, and all modification, stcn,on, and
<br />renewals thereof,
<br />The scanted debt is evidenced by (List all instruments and agreements seemed by This deed of trust and the dares thereof.):
<br />® A PROMISSORY NOTE AND SECURITY AGREEMENI DATED 04/29/2003
<br />® Future advances: '[he above amount is secured even though all or part of n may not yet be advanced. Future advances ere
<br />contemplated and will be seemed to the same extent as if made an the date of this deed uI t...I is executed.
<br />❑ Revolving line of credit agreement dated , with initial annual interest rate of
<br />All amounts owed under this agreement are secured evert though all amounts may not yet be adhanced. Future advances under
<br />the agreement are contemplated and will be secured to the same extent as if made on the date this decd of trust is executed.
<br />The above obligation is due and payable on May 15, 2008 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 amount of $16,093.29, plus
<br />interest, plus any amnunts 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 of trust, with interest on such disbursements.
<br />❑ Variable Rate: 'I'he interest rate on the obligation secured by this deed of t ust 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 I lomestead Protection Act, designation of homestead iL-Ittached to this deed of trust and made a part hereof has
<br />❑ 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, aad In any riders desc ' ed ahnve signed by Borrower.
<br />G OL SMPft
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 04/29/2003
<br />By GREGORY L STIMPLE and, A SINGLE. PERSON
<br />My commission expires '3 1 01
<br />RO" _ _ Notary Public)
<br />AWHOWW
<br />wemll.earraxye
<br />
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