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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 <br />.� <br />'S <br />in <br />Ln <br />rn <br />cn rn <br />o <br />r.-u <br />n <br />1 <br />to <br />�r <br />n <br />r <br />` <br />[Jn <br />rn <br />G1J <br />1 <br />i <br />N <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 <br />