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<br />DEED OF TRIIS'I k,,
<br />PARTIES: This Deed of Trust is made on 04/25/2002 among, the Grantor, EZELLLUEN Z FOX AND TIMOTHY L GRANDON, A SINGLE
<br />PERSON ( "Borrower "),
<br />ARFND 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 SOUTI I LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender ").
<br />CONVEYANCE: Fur 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 />PROPERTY ADDRESS: 2672 NORTH W EBB , GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />SEE EXHIBIT "A"
<br />Located in Hall County, Nebraska.
<br />TITLE: Burrower convenants and warrants title to the property, except for
<br />s
<br />SECURED DEBT: This deed oftrust sceores 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 decd 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 mist and the dates thereof.):
<br />A PROMISSORY NOTE AND SECURITY AGREEMENT' DATED 04125/2002
<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 ftrust 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 April 20, 2007 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 $12,070.50, 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 />E] Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terms of that obligation.
<br />L3 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 pan hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant m the Farm Homestead Protection Act, designation of homestead i[Sttached to this deed of trust and made a part hereof has
<br />n been disclaimed; the disclaimer is attached to this deed oftrust and made a part hereof.
<br />SIGNATURES: By signing below, Borrower agree to the terms and convenants contain, n this deed of trust, including those on page
<br />2, and in any riders described above signed by Borrower.
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<br />F�EN N'OX i T YLCRANDON
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COI INTY SS:
<br />The foregoing instrument was acknowledged befom me on 04Y25/
<br />By EZELMAJEN Z FOX and TIMOTHY L GRANDON, A GLE P , SON
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<br />My commission expires:- n
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<br />SENEMh NOTARY Stale of Nebraska
<br />I� PATSY A KALKOWSKI
<br />MY Comm. EV. Apol 24, 2003
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