|
X 6 f`
<br />X S D
<br />gr In
<br />, _P v no O
<br />'s1
<br />v
<br />DEED OF TRUST ur s
<br />PARTIES: 'This Deed of Tmsl is made o0 03/23/2002 among, the Grantor, BO WDY E KINGER Y AN D DIN I SE M K I NGERY, ( "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- O
<br />way, eascmcnls, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property).
<br />PROPERTY ADDRESS: 1019 EAST BISMARK, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />LOT FOUR (4), BLOCK TWO (2), IN VALLEY V IC W SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY NEBRASKA
<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 />Bmu wer 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 />I he 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 03/23/2002
<br />Future advances: The above amount is secured even though all or part of it may not yet be advanced. Future advances arc
<br />contemplated and will be secured to the same extent as if made on the dale of this decd of trust is executed.
<br />❑ Revolving line of credit agreement dated , with initial mutual 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 />I'he above obligation is due and payable on April 15, 2009 ifto t 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 $7,055.50, plus
<br />interest, plus any amounts disbursed under the terms of this deed of trust to protect the security of this deed of tmst or to perform any of the
<br />covenants contained in this deed ftrust, with interest on such disbursements.
<br />❑ Variable Rate: The interest rate on the obligation secured by this deed oftmst may vary according to the terms ofthat obligation.
<br />E, A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed oftrust and
<br />made a part hereof
<br />RIDERS: ASSIGNMF:N'I OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iQttached to this deed of trust and made a part hereof has
<br />E] been disclaimed; the disclaimer is attached to this deed oftmst and made a part hereof.
<br />SIGNATURES: By signing below, Burrower agree to the terms and convenants contained in this decd of trust, including those on page
<br />2, and in any riders described above signed by Borrower.
<br />l
<br />BCiWD, KINGER i� DENISE M KINGEKY Y
<br />ACKNOWLEDGMENT: STATE OI' NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on Ob[ 002 —I
<br />By ROWDY BKINGERY and DENISE M KIN _ GE
<br />My commission expires: ! /- c�—Q`�
<br />i�t Notary Public)
<br />II GENERAL NOTARY -State of Nehraska
<br />PATSY A KALKOWSKI
<br />Ny Comm. Flo. April 24, 2003
<br />
|