|
> Z x C> U) rr+ to ,,
<br />� O P,7.
<br />rte) r
<br />CD
<br />C
<br />i co p 0 C�
<br />CAD
<br />DEED OF TRUST c-TI U' Cn CD
<br />� Q
<br />PARTIES: This Deed of Trust is made on 03/12/2002 among, the Grantor, GLEN D LARSEN AND ALICE M LARSEN, HUSBAND AIID -
<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 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 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-
<br />way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property").
<br />PROPERTi' ADDRESS: 1113 N CEDAR, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />THE SOUTHERLY HALF (S1 /2) OF LOTS FOUR (4) AND FIVE (5), IN BLOCK FORTY -FOUR (44), IN RUSSEL WHEELER'S
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL, COUNTY, NEBRASKA. BEING A RECTANGULAR TRACT OF GROUND
<br />HAVING A WESTERLY FRONTAGE OF SIXTY -SIX (66) FEET ON CEDAR STREET IN SAID CITY AND A DEPTH OF ONE
<br />HUNDRED FIVE AND SIX TENTHS (105.6) FEET, AND 13OUNDED ON THE SOUTH BY THE ALLEY IN SAID BLOCK.
<br />- Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
<br />SECURED DEBT: 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 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 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 deed of trust and the dates thereof):
<br />E A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 03/12/2002
<br />fl 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 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 if made on the date this deed of trust is executed.
<br />The above: obligation is due and payable on March 15, 2004 if not 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 $5,332.44, plus
<br />interest, plus any amounts disbursed under the terms of this deed of trust to protect the security of this deed of trust or to perform any of the
<br />covenants contained in this deed of trust, with interest on such disbursements.
<br />❑ Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terms of that obligation.
<br />❑ 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 />matte a part hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead i❑ittached to this deed of trust and made a part hereof has
<br />r-1 been disclaimed; the disclaimer is attached to this deed 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 an), riders described above signed by Borrower.
<br />GLEN D LARSEN ALICE M LARSEN--"
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 03/12/2002
<br />By IJLEN D LARSEN and ALICE M LARSEN, HUSBAND AND WIFE
<br />�9 s
<br />My commission expires: ?
<br />U0 (Notary Public)
<br />IIII GENERAL NOTARY -State of Nebraska
<br />SHARON K KLEINT
<br />My Comm. Exp, Dec 3, 2003
<br />
|