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PARTIES: This Deed of Trust is made on 01/23/2002 among, the Grantor, MONTE D SHORT AND CARLA D SHORT, IItJSBAND AND WIFE, ( "Borrower"), AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the laws ofNEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 69801 ( "Lender "). CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real property, of which Borrower is lawfully seized. described below end all buildings, fixtures, and existing and future improvements thereon and all rights -of- way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the ..property"). PROPERTY ADDRESS: 4185 AIRPORT RD, GRAND ISLAND, Nebraska 68803 LEGAL DESCRIPTION: Lot Seventeen (17), in Ed Ross Subdivision H2, Hell County, Nebraska. Located in County, Nebraska. TITLE: Borrower convenants and warrants title to the property, except for SECURED DEBT: This deed of trust secures to Lender repayment of the secured debt and the performance of the convenants and agreements contained in this deed of tmst and in any other document incorporated herein. Secured debt, as used in this deed of trust, includes any amounts Borrower owes to Lender under this deed of trust or under any instrument secured by this deed of trust, and all mudi Bcations, extensions and renewals thereof. The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof.): 0 A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 01123/2002 Future advances: The above amount is secured even though all or part of it may not yet be advanced. Future advances are contemplated and will be secured to the same extent as if made on the date of this deed of trust is executed. ❑ Revolving line of credit agreement dated ___, with initial winual interest rate of_ All amounts owed under this agreement are secured even though all amounts may not yet be advanced. Future advances under the agreement are contemplated and will be secured to the same extent as if made on the date this deed oftmst is executed. The above obligation is due and payable on January 23, 2007 if not paid earlier. The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $15,055.50, plus interest, plus any amounts disbursed under the terms of this deed of most to protect the security of this deed of trust or to perform any of the covenants contained in this deed of trust, with interest on such disbursements. ❑ Variable Rate: The interest rate on the obligation secured by this deed oftmst may vary according to the terms ofthat obligation. ❑ A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed of trust and made a part hereof. RIDERS: ASSIGNMENT OF RENTS DESIGNATION OF HOMESTEAD Pursuant to the Farm Homestead Protection Act, designation of homestead iUmiched to this deed of trust and made a part hereof has ❑ been disclaimed; the disclaimer is attached to this decd of oust and made a part hereof. SIGNATURES: By signing below, Borrower agree to the terms and convena contained in this % d of trust, including those on page 21 and in a riders described above by Borrower. MONTE D SHORT CARLA D SHORT ACKNOWLEDGMENT: ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: The foregoing instrument was acknowledged before me on 01/23/2002 By MONTE I) SHORT and CARLA D SHORT, My commission expires:_ _ .rtn,,, �NOtary Public) XIIORA'I•WhdMe61R1u DEB RAAH 6 TROOSPER Ely Cymru. Pap.!t 14, 2005 are m x r) C n O no to S - R ncC W T Y1 O J+Py O � O N Nnw rr +n DEED OF TRUST PARTIES: This Deed of Trust is made on 01/23/2002 among, the Grantor, MONTE D SHORT AND CARLA D SHORT, IItJSBAND AND WIFE, ( "Borrower"), AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the laws ofNEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 69801 ( "Lender "). CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real property, of which Borrower is lawfully seized. described below end all buildings, fixtures, and existing and future improvements thereon and all rights -of- way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the ..property"). PROPERTY ADDRESS: 4185 AIRPORT RD, GRAND ISLAND, Nebraska 68803 LEGAL DESCRIPTION: Lot Seventeen (17), in Ed Ross Subdivision H2, Hell County, Nebraska. Located in County, Nebraska. TITLE: Borrower convenants and warrants title to the property, except for SECURED DEBT: This deed of trust secures to Lender repayment of the secured debt and the performance of the convenants and agreements contained in this deed of tmst and in any other document incorporated herein. Secured debt, as used in this deed of trust, includes any amounts Borrower owes to Lender under this deed of trust or under any instrument secured by this deed of trust, and all mudi Bcations, extensions and renewals thereof. The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof.): 0 A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 01123/2002 Future advances: The above amount is secured even though all or part of it may not yet be advanced. Future advances are contemplated and will be secured to the same extent as if made on the date of this deed of trust is executed. ❑ Revolving line of credit agreement dated ___, with initial winual interest rate of_ All amounts owed under this agreement are secured even though all amounts may not yet be advanced. Future advances under the agreement are contemplated and will be secured to the same extent as if made on the date this deed oftmst is executed. The above obligation is due and payable on January 23, 2007 if not paid earlier. The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $15,055.50, plus interest, plus any amounts disbursed under the terms of this deed of most to protect the security of this deed of trust or to perform any of the covenants contained in this deed of trust, with interest on such disbursements. ❑ Variable Rate: The interest rate on the obligation secured by this deed oftmst may vary according to the terms ofthat obligation. ❑ A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed of trust and made a part hereof. RIDERS: ASSIGNMENT OF RENTS DESIGNATION OF HOMESTEAD Pursuant to the Farm Homestead Protection Act, designation of homestead iUmiched to this deed of trust and made a part hereof has ❑ been disclaimed; the disclaimer is attached to this decd of oust and made a part hereof. SIGNATURES: By signing below, Borrower agree to the terms and convena contained in this % d of trust, including those on page 21 and in a riders described above by Borrower. MONTE D SHORT CARLA D SHORT ACKNOWLEDGMENT: ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: The foregoing instrument was acknowledged before me on 01/23/2002 By MONTE I) SHORT and CARLA D SHORT, My commission expires:_ _ .rtn,,, �NOtary Public) XIIORA'I•WhdMe61R1u DEB RAAH 6 TROOSPER Ely Cymru. Pap.!t 14, 2005