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<br />DEED OF TRUST
<br />PARTIES: This Deed ofl uat is made on 02/07/2002 among, the Grantor, JERRY L BADY AND SHARON M HADY, ('Borrower"),
<br />AREND R EAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ("Inustee'), 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 STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender').
<br />CONVEYANCE: For value received, harrower 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 ftrture improvements thereon mid all rights -of-
<br />way, easements, rmE, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property "),
<br />PROPERTY ADDRESS: 1619 N CUSTER AVE, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />THE SOUTH FORT Y EIGHT (48) FEET OP THE NORTH FIFTY SIX (56) FEET OF VACATED SEVENTEEN STREET BETWEEN THE
<br />WEST TIER OF LOTS IN BLOCK TWENTY (20) AND TWENTY ONE (21), SCARFF'S ADDITION TO WEST LAWN, GRAND ISLAND,
<br />HALL COO N I' Y, NEBRASKA.
<br />Located in County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
<br />SECURED BETTE: This deed of trust secures to Lender repayment of the secured debt and the performance of the convenants and agreements
<br />contained in this deed of trust and in any other document iremporated herein. Secured debt, as used in this deed oftrust, includes any amounts
<br />Borrower owes to Lender under this deed of trust or order any instrument secured by this decd 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 deed of trust and the dates thereof.):
<br />0 A PROMISSORY NOTE AND SEClnU I AGREEMENT DATED 02 /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 ifmade on the data of this dead oftrust is executed.
<br />❑ Revolving line of credit agreement dated — -1 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 en the date this deed oftrust Is executed.
<br />The above obligation is due and payable on August 11, 2002 if not paid earlier.
<br />The total unpaid balance secured by this decd of trust at any one time shall not exceed a maximum principal amount of $4,839.89, plus
<br />interest, plus any amounts disbursed under the terms of this decd of trust to protect the security of this deed oftrust 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 ofthat obligation.
<br />❑ A copy oflhe loan agreement containing the terms under which the interest rate may vary Is attached to this deed of trust and
<br />made a par hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead dQuached to this deed of trust and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this Iced 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, and in any rjtl e� rs dese7b d above sig�y Borrower.
<br />�Y() %%
<br />JERYIY L ADV SHARON M BADY
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before we on 02/07/2002
<br />By JERRY L BADY and SHARON M BADY, -- -1
<br />My commission expire. FHDDELNO1MkP���h ANe �7` �_
<br />C _ �-v / fNmary Public)
<br />II DEBORAH L.TROSPER
<br />- My Comm. Esp. Rb, 14, 2005
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