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<br />DEED OF TRUST
<br />PARTIES: This Deed of Trust is made on 04/10/2002 among, the Grantor, TODD G LECHNER AND PEGGY S LECHNER, HUSBAND
<br />AND WIFE ('Borrower),
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the o
<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 properly, 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, heredilaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property ").
<br />PROPERTY ADDRESS: 2306 GATEWAY AVE, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />LOT FOUR (4), BLOCK TWO (2), LEHEIGHTS SECOND SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />Located in Hall County, Nebraska,
<br />TITLE: Borrower consonants 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 decd 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 />N A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 04/10/2002
<br />Future advances: 'I he above amount is secured even though all or part of it may not yet be advanced. Future advances we
<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 we 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 April 15, 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 $15,073.50, plus
<br />interest, plus any amounts disbursed under the terms of this deed of trust to protect the smunty 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 oftrust may vary according to the terms ofthat 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 hereoE
<br />RIDERS: ASSIGNMENT OF RENT S
<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 />❑ been disclaimed; the disclaimer is attached to this deed of trust and made a part hereof.
<br />SIGNATURES: By signing below, Burrower agree to the terms and cunvevants inbred in this deed of trust, m itiling those on page
<br />2, and in an idler la we signed by Borrower. /
<br />TODD G LECRNER PEGGYYLKHNER
<br />ACKNOWLEDGMENT: STATE OFNEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 04/10/2002
<br />By TODD G LECHNER and PEGGY S LECHNER, HUSBANP AND WIFE
<br />My commission expires: ")� +'/' 2A /! (�L
<br />777 111 i.0 /l Notary Public)
<br />GENERAL NOTAM-Slate of NahiasNa
<br />. 11III LISA B. MAYEB�
<br />1 2'a wn, LISA R. roan E 2113 i
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