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<br />(Space Above This Line For Recording Data) CID CA
<br />(Page 1 of 5)
<br />DEED OF TRUST
<br />611700
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<br />F7 IF BOX IS CHECKED, THIS DEED OF TRUST IS OPEN -END AND SECURES FUTURE ADVANCES. S,
<br />THIS DEED OF TRUST is made this 15TH day of MAY , 20 02 , among the Grantor,
<br />GERALD L. SCHEER AND CONNIE M. SCHEER, HUSBAND AND WIFE
<br />(herein "Borrower "), AMERICAN PIONEER TITLE INSURANCE COMPANY
<br />(herein "Trustee ") and the Beneficiary, BENEFICIAL NEBRASKA INC. D I B I A BENEFICIAL MORTGAGE CO.
<br />a corporation organized and existing under the law of NEBRASKA whose address is
<br />2604 ST PATRICK, STE 7, GRAND ISLAND, NE 68803
<br />(herein "Lender").
<br />The following paragraph preceded by a checked box is applicable.
<br />Le WHEREAS, Borrower is indebted to Lender in the principal sum of $ 67 , 221 .98
<br />`evi enced by Borrower's Loan Agreement dated MAY 15, 2002 and any extensions or renewals thereof
<br />including those pursuant to any Renegotiable Rate Agreement herein ot®" , providing for monthly installments of
<br />principal and interest, including any adjustments to the amount of payments or the contract rate if that rate is variable,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on MAY 15, 2032 ;
<br />WHEREAS, Borrower is indebted to Lender in the principal sum of $ , or so much thereof
<br />as may be advanced pursuant to Borrower's Revolving LoanAgreement dated and
<br />extensions and renewals thereof (herein "Note"), providing for monthly installments, and interest at the `rate and under
<br />the terms specified in the Note,including any adjustments in the interest rate if that rate is variable,and providing for a
<br />credit limit stated in the principal sum above and an initial advance of $
<br />TO SECURE to Lender the repayment of the indebtedness, including future advances, evidenced by the Note,
<br />with interest thereon at the applicable contract rate (including any adjustments to the amount of payment or the
<br />contract rate if that rate is variable) and other charges; the payment of all other sums, with interest thereon, advance in
<br />accordance herewith to protect the security of this Deed of Trust; and the performance of the convenants and
<br />agreements of Borrower herein contained, Borrower, in consideration of the indebtedness herein recited and the trust
<br />herein created, irrevocably grants and conveys to Trustee, in trust with power of sale, the following described property
<br />located in the County of HALL State of Nebraska:
<br />LOT TWO (2), BLOCK ONE (1), JENKINSON SUBDIVISION TO GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA. TAX MAP OR PARCEL ID NO.:
<br />400156210
<br />03 -28 -02 DOT
<br />"S050A7AF6Q91DOT9000NE0079510" *SCHEER
<br />ORIGINAL
<br />NE007951
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<br />(Space Above This Line For Recording Data) CID CA
<br />(Page 1 of 5)
<br />DEED OF TRUST
<br />611700
<br />c
<br />CD
<br />Q.
<br />CT
<br />C
<br />CD
<br />C
<br />F7 IF BOX IS CHECKED, THIS DEED OF TRUST IS OPEN -END AND SECURES FUTURE ADVANCES. S,
<br />THIS DEED OF TRUST is made this 15TH day of MAY , 20 02 , among the Grantor,
<br />GERALD L. SCHEER AND CONNIE M. SCHEER, HUSBAND AND WIFE
<br />(herein "Borrower "), AMERICAN PIONEER TITLE INSURANCE COMPANY
<br />(herein "Trustee ") and the Beneficiary, BENEFICIAL NEBRASKA INC. D I B I A BENEFICIAL MORTGAGE CO.
<br />a corporation organized and existing under the law of NEBRASKA whose address is
<br />2604 ST PATRICK, STE 7, GRAND ISLAND, NE 68803
<br />(herein "Lender").
<br />The following paragraph preceded by a checked box is applicable.
<br />Le WHEREAS, Borrower is indebted to Lender in the principal sum of $ 67 , 221 .98
<br />`evi enced by Borrower's Loan Agreement dated MAY 15, 2002 and any extensions or renewals thereof
<br />including those pursuant to any Renegotiable Rate Agreement herein ot®" , providing for monthly installments of
<br />principal and interest, including any adjustments to the amount of payments or the contract rate if that rate is variable,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on MAY 15, 2032 ;
<br />WHEREAS, Borrower is indebted to Lender in the principal sum of $ , or so much thereof
<br />as may be advanced pursuant to Borrower's Revolving LoanAgreement dated and
<br />extensions and renewals thereof (herein "Note"), providing for monthly installments, and interest at the `rate and under
<br />the terms specified in the Note,including any adjustments in the interest rate if that rate is variable,and providing for a
<br />credit limit stated in the principal sum above and an initial advance of $
<br />TO SECURE to Lender the repayment of the indebtedness, including future advances, evidenced by the Note,
<br />with interest thereon at the applicable contract rate (including any adjustments to the amount of payment or the
<br />contract rate if that rate is variable) and other charges; the payment of all other sums, with interest thereon, advance in
<br />accordance herewith to protect the security of this Deed of Trust; and the performance of the convenants and
<br />agreements of Borrower herein contained, Borrower, in consideration of the indebtedness herein recited and the trust
<br />herein created, irrevocably grants and conveys to Trustee, in trust with power of sale, the following described property
<br />located in the County of HALL State of Nebraska:
<br />LOT TWO (2), BLOCK ONE (1), JENKINSON SUBDIVISION TO GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA. TAX MAP OR PARCEL ID NO.:
<br />400156210
<br />03 -28 -02 DOT
<br />"S050A7AF6Q91DOT9000NE0079510" *SCHEER
<br />ORIGINAL
<br />NE007951
<br />
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