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<br />PARTIES: This Deed of rust is made on 05/13/2002 among, the Grantor, RICHARD P ROY AND, A SINGLE PERSON ( "Borrower "),
<br />AREND 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 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender "). o
<br />CONVEYANCE,: For 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 tights -of- \.N
<br />way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (ail called the O
<br />"property ").
<br />PROPERTY ADDRESS: 507 WEST 14TH STREET, GRAND ISLAND, Nebraska 68801
<br />LEGAL DF.SCRIP "PION:
<br />LO'I "TWO (2), IN BLOCK EIGHT (8), SCHIMMER'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
<br />SECURED BE This deed oftrust secures to Lender repayment of the secured debt and the performance of the convenants and agreements
<br />contained in this deed oftrust 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 oftrust or under any instrument secured by this deed oftrust, 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 />0 A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 05/13/2002
<br />Future advances: 'I'lie 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 tmst is executed.
<br />❑ Revolving line ofcredit agreement dale) , 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 oftrust is executed.
<br />The above obligation is due and payable on May 15, 2005 ifnot 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 $3,055.511, 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 my of the
<br />covenants contained in this deed oftrust, with interest on such disbursements.
<br />r'l Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms of that obligation.
<br />A copy ofthe loan agreement containing the terms under which the interest rate may vary is attached to this deed oftrust and
<br />made a part hereof
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMRSTF.AD
<br />Pursuant to the Par. Ilomestead Protection Act, designation of homestead i0ttached to this decd of trust and made a part hereof has
<br />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 contained in this deed of trust, including those on page
<br />2, and in any„redw described above signed by Borrower.
<br />RICHARD P NO
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA,
<br />The foregoing instrument was acknowledged
<br />By RICHARD P ROY and, A SINGLE PER:
<br />My commission expires:
<br />OENEML NOTARY-State U Natrobl a
<br />PATSY AKALROWSKI
<br />A1y Cmnm. D@. Ap1a 21, 2003
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