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PARTIES: This Deed of Trust Is made on 01/222002 among, the Grantor, DUANE E DONALDSON AND LINNA DEE DONALDSON, G
<br />( "Borrower "),
<br />AREND R HAACK, ATTORNEY, whose residence address is P. O. Be. 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the
<br />Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation mgam,wd 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 treat, 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, hureditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property").
<br />PROPERTY ADDRESS: 1012 E OKLAHOMA AVE, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIP'T'ION:
<br />LOT ELEVEN (11), IN BLOCK "I'WO (2), IN VALLEY VIEW SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />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 ofthe 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 dead of trust or under any instrument secured by this deed of trust, and ail 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 />0 A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 01/22/2002
<br />Future advance,: 'I he 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 no 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 be advanced. Future advances under
<br />the agreement are contemplated and will be secured to the same extent as ifmade on the date this deed eftmst is executed.
<br />The above obligation is due and payable on February 03, 2006 if not paid earlier.
<br />The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximam principal amount of $13,510.50, plus
<br />interest, plus any amounts disbursed tinder the terms of this deed of trust to protect the security of this deal of trust or to perform any of the
<br />covenants contained in this deed oflrust, with interest on such disbursements.
<br />[-I Variable Rate: The interest rate on the obligation secured by this deed oftmst may vary according to the temps ofthat obligation.
<br />Fl 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 Homestead Protection Act, designation of homestead idhached to this deed of trust and made a part hereof has
<br />Fj been disclaimed; the disclaimer is attached to this deed oftmst and made apart 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 a/y r ors described ahnve.' ed by Borrower.
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<br />DUANE E DONALDSON LINNA DEE DONALDSON
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me omA4421Z
<br />By DUANE E DONALDSON and LIINNA DEC DO LDSON,
<br />My commission expirest_��"�7
<br />PATSY A KALKOWSKI
<br />My Comm. Exa Apol 24,20M
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<br />DEED OF TRUST
<br />PARTIES: This Deed of Trust Is made on 01/222002 among, the Grantor, DUANE E DONALDSON AND LINNA DEE DONALDSON, G
<br />( "Borrower "),
<br />AREND R HAACK, ATTORNEY, whose residence address is P. O. Be. 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the
<br />Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation mgam,wd 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 treat, 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, hureditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property").
<br />PROPERTY ADDRESS: 1012 E OKLAHOMA AVE, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIP'T'ION:
<br />LOT ELEVEN (11), IN BLOCK "I'WO (2), IN VALLEY VIEW SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />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 ofthe 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 dead of trust or under any instrument secured by this deed of trust, and ail 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 />0 A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 01/22/2002
<br />Future advance,: 'I he 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 no 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 be advanced. Future advances under
<br />the agreement are contemplated and will be secured to the same extent as ifmade on the date this deed eftmst is executed.
<br />The above obligation is due and payable on February 03, 2006 if not paid earlier.
<br />The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximam principal amount of $13,510.50, plus
<br />interest, plus any amounts disbursed tinder the terms of this deed of trust to protect the security of this deal of trust or to perform any of the
<br />covenants contained in this deed oflrust, with interest on such disbursements.
<br />[-I Variable Rate: The interest rate on the obligation secured by this deed oftmst may vary according to the temps ofthat obligation.
<br />Fl 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 Homestead Protection Act, designation of homestead idhached to this deed of trust and made a part hereof has
<br />Fj been disclaimed; the disclaimer is attached to this deed oftmst and made apart 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 a/y r ors described ahnve.' ed by Borrower.
<br />/LG'�fl..L'_. ��T-`"" '"'. p��2�' —� _. �yL -u<v ��Ee_✓ lXC`�ra�rt.�(.�1.�',t�
<br />DUANE E DONALDSON LINNA DEE DONALDSON
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me omA4421Z
<br />By DUANE E DONALDSON and LIINNA DEC DO LDSON,
<br />My commission expirest_��"�7
<br />PATSY A KALKOWSKI
<br />My Comm. Exa Apol 24,20M
<br />Public)
<br />
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