|
m Z D
<br />-n
<br />ot c
<br />m n
<br />n z o of
<br />m
<br />re
<br />Cj
<br />4
<br />y (n h CED
<br />I
<br />11 N
<br />�r 1
<br />11
<br />DEED OF TRUST °'
<br />A
<br />PARTIES: Phis Deed of Trust is made on 02/2712002 among, the Grantor, MICHAEL L GERMAN AND MARSHA L GERMAN, HUSBAND
<br />AND WIPE ("Borrower'),
<br />AREND R HAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "),
<br />and the Iz
<br />Beneficiary,'IOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing
<br />wider the -
<br />laws of NE.ORASKA 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 trust, with power of sale, the real property,
<br />of O
<br />which Borrower is lawfully seized, described below and all buildings, fixtures, and existing and future improvements thereon and all
<br />rights -of-
<br />way, easements, rents, issues, profits, income, tenements, here litaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property„).
<br />PROPElff4ADDRESS: 4356 W CAPITAL AVE, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />LOT ONE (1) IN BUCK SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower eonvenants and warrants title to the property, except for
<br />SECURED DEBT: This deed oft ... st secures to Lender repayment of the secured debt and the performance of the convcnants 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 deed of trust or tinder any instrument secured by this deed of trust, and all modifications, extensions and
<br />rcncwals thereof.
<br />The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof.):
<br />A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 02/27/2002
<br />p 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 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. Fumre advances under
<br />the agreement are contemplated and will he 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 March 05, 2007 ifnet paid earlier.
<br />The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $6,824.50, plus
<br />interest, plus any amounts disbursed under the terms of this deed of trivet to protect the security of this deed 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 m me terms ofthat obligation.
<br />❑ A copy ofthe Ivan agreement containing the terms under which the interest rate may vary is attached to this decd of trust and
<br />made o part hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Fan. Homestead Protection Act, designation of homestead illttached to this deed of trust and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed oftmst 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 ri ers described In ve sig d by Borrower.
<br />MICHAEL GEHMAN MARSHA L GEHMAN
<br />ACKNOWLEDGIAKN'f: S'I'AIHOFNEBRASKA,HALLCOUNTYSS'
<br />The foregoing instrument was acknowledged before me on 02/27/2002
<br />fly MICI IAP.I, L GP.I MAN and MARSHA L GEHMAN, HE AND WIFE
<br />My commission expires:
<br />� n� ✓ ��`^�4— f^t- �..L�(NOtary Pubhe)
<br />RALNOTARY -State of Nalillia
<br />CHRIS L. KASKIE
<br />4;
<br />NY Comm. Exp. Dec. 29, 2004
<br />
|