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DEED OF TRUST
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<br />PARTIES: This Deed of Trust is made on 03/25/2002- among, the Grantor, THOMAS R SOUKUP AND THERESA M SOUKUP, HUSBAND
<br />AND WIFE ( "Borrower'),
<br />AREND R BAACK, ATTORNEY, whose residence address is P. 0. 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 Q
<br />laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lendfir")_
<br />CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Truce, in trust, with power of sale, the real property, of V
<br />which Borrower is lawfully seized, described below and all buildings, fixtures, and existing and firture 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 />PROPERTY ADDRESS: 1728 BRIDLE LANE, GRAND. ISLAND,, -NE .68803
<br />LEGAL DESCRIPTION:
<br />LOT TWENTY -THREE (23), WESTERN HEIGHTS THIRD SUBDIVISION, 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 amour
<br />Borrower owes to Lender mrdder ibis deed of trust or under any instrument secured by this dead of trust, and all modifies, extension3`wd
<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 SECURITY AGREEMENT DATED 03/25/2002
<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 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 20, 2012 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 $16,568.33, 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 />made a part hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Faun Homestead Protection Act, designation of homestead i❑ itached to this deed of trust and made a part hereof has
<br />0 been disclaimed; the disclaimer is attached to this deed of trust and made a part herea£
<br />SIGNATURES: signing below, Borrower a ee to the terms and convenants contained in this deed of trust, including those on page
<br />2, and in an en escri above signed orrower.
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<br />THQaL49R SOUKUP THERESA M SOUKUP
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 03/25/2002
<br />By THOMAS R SOUKUP and THERESA M SOUKUP, USBAND AND WIFE
<br />My commission expires:
<br />otary Public)
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<br />USA R. MAYER
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