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PARTIES: This Decd of Trust is made on 03/27/2002 among, the Grantor, .JEFFREY I. SPI.ATTSTOFSSFR AND DAWN M SPLATTSTOESSFR, I IUSBAND AND WIFE ( "Borrower "), AREND R BAACK, ATTORNEY, whose residenee address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the sS laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 69801 ("Lender"). CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real properly, of which Burrower is lawfully seized, described below and all buildings, fixtures, and existing and future improvements thereon and all rights -of- way, easements, rents, issues, profits, income, tenements, hereditamems, privileges and any appurtenances thereunto belonging (all called the "Property "). PROPERTY ADDRESS: 4249 SHANNA ST, GRAND ISLAND, Nebraska 68803 LEGAL DESCRIPTION: LOT FIFTEEN (I5), IN WESTERN HEIGHT'S FOUR1'I1 SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUN'T'Y', NEBRASKA. Located in I [all County, Nebraska. TITLE: Borrower convenants and warrants title to the property, except for SECURED DEBT: This deed of trust secures to Leader repuyment of the secured debt and the performance of Lite convenants and agreements contained in this deed oftrust and in any other document incorporated herein. Secured debt, as used in this deed oftrust, includes any amounts Borrower owes to Lender under this deed of trust or under any instrument secured by this deed of trust, and all modifications, extensions and renewals thereof. l'he secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof): Y A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 03/27/2002 n Future advances: The above amount is secured even though all or part of it may not yet be advanced. Future advances me contemplated and will be secured to the same extent as ifmade on ere date of this deed oftrust is executed. ❑ Revolving line of credit agreement dated , with initial annual interest rate of _ '% All annuals owed under this agreement are secured even though all amount, may net yet he advanced. Future advances uncle, the agreement arc contemplated and will be secured to the same extent as if made on the date this deed of trust is executed. The above obligation is due and payable on April 15, 2007 if not paid earlier. The total nnpaid balance secured by this deed of trust at any one time sholl not exceed a maximum principal amount of $12,49190, plus interest, plus any amounts diabursed under the terms of this decd of trust to protect rho security of this decd of trust or to perform any of the covcnnnts contained in this deed of trust with interest on such dishur,ements. C] Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms ofthat obligation. rI A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed oftrust and made a purl hereof. RIDEILS: ASSIGNMENT OF RENTS DESIGNATION OF HOMESTEAD Pursuant to the Farm Homestead Pmteet ind Act, designation of homestead i5thiched to this decd of trust and made a part hereof has been disclaimed; the disclaimer is nitached m this deed oftrust and made a pal hereof. SIGNATURES: By signing below, Borrower agree to the terms and convenants contained in this deed of trust, including those on page 2, and In nn n,idiera this., Ib d d}b vp signed by Borrower. V,kLY L SITA FTSTOESSER DAWN AT SPLATTSTOESSERr ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: the foregoing instrument was acknowledged before ire on 03/272002 By JEFFREY L SPLATTSTOESSER and DAWN M SPLATTSTOESSER, IIUSBAND AND WIFE My commission expues��,2 / 1 s' - °� — � ---'/�Iotary PuhLlcl Ill tiENERALNOTARV- Slalsol Nehraska CHRIS L. KASKIE ;�x_ My Comm Ezp. Ded. 79,29, 7004 B `. Men o T o —i —I Pt or 'A run DEED OF TRUST PARTIES: This Decd of Trust is made on 03/27/2002 among, the Grantor, .JEFFREY I. SPI.ATTSTOFSSFR AND DAWN M SPLATTSTOESSFR, I IUSBAND AND WIFE ( "Borrower "), AREND R BAACK, ATTORNEY, whose residenee address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the sS laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 69801 ("Lender"). CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real properly, of which Burrower is lawfully seized, described below and all buildings, fixtures, and existing and future improvements thereon and all rights -of- way, easements, rents, issues, profits, income, tenements, hereditamems, privileges and any appurtenances thereunto belonging (all called the "Property "). PROPERTY ADDRESS: 4249 SHANNA ST, GRAND ISLAND, Nebraska 68803 LEGAL DESCRIPTION: LOT FIFTEEN (I5), IN WESTERN HEIGHT'S FOUR1'I1 SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUN'T'Y', NEBRASKA. Located in I [all County, Nebraska. TITLE: Borrower convenants and warrants title to the property, except for SECURED DEBT: This deed of trust secures to Leader repuyment of the secured debt and the performance of Lite convenants and agreements contained in this deed oftrust and in any other document incorporated herein. Secured debt, as used in this deed oftrust, includes any amounts Borrower owes to Lender under this deed of trust or under any instrument secured by this deed of trust, and all modifications, extensions and renewals thereof. l'he secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof): Y A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 03/27/2002 n Future advances: The above amount is secured even though all or part of it may not yet be advanced. Future advances me contemplated and will be secured to the same extent as ifmade on ere date of this deed oftrust is executed. ❑ Revolving line of credit agreement dated , with initial annual interest rate of _ '% All annuals owed under this agreement are secured even though all amount, may net yet he advanced. Future advances uncle, the agreement arc contemplated and will be secured to the same extent as if made on the date this deed of trust is executed. The above obligation is due and payable on April 15, 2007 if not paid earlier. The total nnpaid balance secured by this deed of trust at any one time sholl not exceed a maximum principal amount of $12,49190, plus interest, plus any amounts diabursed under the terms of this decd of trust to protect rho security of this decd of trust or to perform any of the covcnnnts contained in this deed of trust with interest on such dishur,ements. C] Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms ofthat obligation. rI A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed oftrust and made a purl hereof. RIDEILS: ASSIGNMENT OF RENTS DESIGNATION OF HOMESTEAD Pursuant to the Farm Homestead Pmteet ind Act, designation of homestead i5thiched to this decd of trust and made a part hereof has been disclaimed; the disclaimer is nitached m this deed oftrust and made a pal hereof. SIGNATURES: By signing below, Borrower agree to the terms and convenants contained in this deed of trust, including those on page 2, and In nn n,idiera this., Ib d d}b vp signed by Borrower. V,kLY L SITA FTSTOESSER DAWN AT SPLATTSTOESSERr ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: the foregoing instrument was acknowledged before ire on 03/272002 By JEFFREY L SPLATTSTOESSER and DAWN M SPLATTSTOESSER, IIUSBAND AND WIFE My commission expues��,2 / 1 s' - °� — � ---'/�Iotary PuhLlcl Ill tiENERALNOTARV- Slalsol Nehraska CHRIS L. KASKIE ;�x_ My Comm Ezp. Ded. 79,29, 7004