DEED OF TRUST
<br />PARTIES: This Deed of Trust is made on 01/07/2002 among, the Grantor, JAMES I I ALLEN AND DONNA JEAN ALLEN, HUSBAND AND
<br />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 ender the
<br />laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lcoder")'
<br />CONVEYANCE: For value received, Borrower irrevocably grants and convoys 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- C)\
<br />way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereinto belonging (all called the Q
<br />"Property"),
<br />PROPERTY ADDRESS: 2903 E HWY 30, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />SEE "EXHIBIT A" HERETO ATTACHED AS LEGAL DESCRIPTION
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenams and warrants title to the property, except for
<br />SECURED DEBT: This deed of trust secures to Lender ropnymcut of the secured debt and the performance of the convcnants and agreements
<br />contained in this deed oftrust and in any other document incorporated herein. Secured debt, as used in this deers oftrust, includes any amounts
<br />Borrower owes W 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 decd of trust and the dates thereof).
<br />E A PROMISSORY NOTE AND SECURITY AGREEMENT DA'Z'ED 01/07/2002
<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 ofthis deed oftust is executed.
<br />❑ Revolving line of credit agreement dated _ , with initial annual interest rate of
<br />All amounts awed under this agreement are 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 January 18, 2007 if not paid earlier.
<br />The total unpaid balance secured by this deed of trust at any one time shall not exceed a maxinmm principal amount of $17,055.85, plus
<br />interest, plus any amounts disbursed under the terms of this deed of trust to protect the security of this decd of trust or to perform any of the
<br />covenants contained in this deed oftrust, with interest on such disbursements.
<br />Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms of Oral obligation.
<br />El A copy ofthe loan agreement containing the terms under which the interest rate may vary is attached to this decd oftrust and
<br />made a part hereof
<br />RIDERS: ASSIGNMENT OF RENT'S
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead idttached to this decd oftrust and made a part hereof ha'
<br />been disclaimed; the disclaimer is attached to this deed oftrust and made a part hereof
<br />SIGNATURES: By signing below, Borrower agree to the terms and convenants contained at (teed of trust, Including those on page
<br />2, and m any rube ra)lesenbed above s ned by Borrower.
<br />JAM BALEEN DONNA Jn
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 01/072002
<br />By JAMES H ALLEN and DONNA JEAN ALLEN, HUSR A ND AND W IPE
<br />My commioissn expires: Pe, i'�; )'1'IT � P - I i
<br />III BEIIEAAL NOTA0.VSIale of Nebraska '�s'`�� fNotary Public)
<br />CHRIS L. KABKIE
<br />My Camm. Exii. Dec. 29, M04
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<br />DEED OF TRUST
<br />PARTIES: This Deed of Trust is made on 01/07/2002 among, the Grantor, JAMES I I ALLEN AND DONNA JEAN ALLEN, HUSBAND AND
<br />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 ender the
<br />laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lcoder")'
<br />CONVEYANCE: For value received, Borrower irrevocably grants and convoys 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- C)\
<br />way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereinto belonging (all called the Q
<br />"Property"),
<br />PROPERTY ADDRESS: 2903 E HWY 30, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />SEE "EXHIBIT A" HERETO ATTACHED AS LEGAL DESCRIPTION
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenams and warrants title to the property, except for
<br />SECURED DEBT: This deed of trust secures to Lender ropnymcut of the secured debt and the performance of the convcnants and agreements
<br />contained in this deed oftrust and in any other document incorporated herein. Secured debt, as used in this deers oftrust, includes any amounts
<br />Borrower owes W 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 decd of trust and the dates thereof).
<br />E A PROMISSORY NOTE AND SECURITY AGREEMENT DA'Z'ED 01/07/2002
<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 ofthis deed oftust is executed.
<br />❑ Revolving line of credit agreement dated _ , with initial annual interest rate of
<br />All amounts awed under this agreement are 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 January 18, 2007 if not paid earlier.
<br />The total unpaid balance secured by this deed of trust at any one time shall not exceed a maxinmm principal amount of $17,055.85, plus
<br />interest, plus any amounts disbursed under the terms of this deed of trust to protect the security of this decd of trust or to perform any of the
<br />covenants contained in this deed oftrust, with interest on such disbursements.
<br />Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms of Oral obligation.
<br />El A copy ofthe loan agreement containing the terms under which the interest rate may vary is attached to this decd oftrust and
<br />made a part hereof
<br />RIDERS: ASSIGNMENT OF RENT'S
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead idttached to this decd oftrust and made a part hereof ha'
<br />been disclaimed; the disclaimer is attached to this deed oftrust and made a part hereof
<br />SIGNATURES: By signing below, Borrower agree to the terms and convenants contained at (teed of trust, Including those on page
<br />2, and m any rube ra)lesenbed above s ned by Borrower.
<br />JAM BALEEN DONNA Jn
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 01/072002
<br />By JAMES H ALLEN and DONNA JEAN ALLEN, HUSR A ND AND W IPE
<br />My commioissn expires: Pe, i'�; )'1'IT � P - I i
<br />III BEIIEAAL NOTA0.VSIale of Nebraska '�s'`�� fNotary Public)
<br />CHRIS L. KABKIE
<br />My Camm. Exii. Dec. 29, M04
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