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<br />DEED OF'f RI IS '1'
<br />PARTIES: This Deed of 'I rust is made on 05/172002 among the Grantor, SCOTT J WOODS AND GINA R WOODS, IICSBAND AND
<br />W IFF,("Borrower'),
<br />AREND R BAACK, A I LORNIi Y, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "). and the
<br />Ileneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the
<br />Imes 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 (notice, in trust, with power of sale, the real property, of
<br />which Borrower is awfully seized, descrihcd below and all building,, fixtures, and existing and future improvements thereon and all rights-of-
<br />way, easemrnts, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property ").
<br />PROPERTY ADDRESS: 2227 ATLANTA ST, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />LOT SEVEN FEN (17), JEPPRP.Y OAKS HEI'[I SUBDIVISION IN 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 DER 1: 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 tinder this deed of trust or under any inslmmmrl 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 agre;mud, secured by this deed of trust and the dates thereof.).
<br />E A PROMISSORY NO 'I L AND SF %;I Iltl I AGREEMENT DATED 05/17/2002
<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 ofthis deed of frost is executed_
<br />C Itevolvinglincofercditagr ecntenldaled with initial annual interest rate of
<br />/o
<br />All amounts owed under this agreement are secured even though all ammmts 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 payahle on May 27, 2005 Loot paid earlier.
<br />I he total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $12,655.50, plus
<br />interest, plus any amounts disbursed under the terms of this deed of trust to protect the sccurily of this decd of trust or to perform any of the
<br />covenants contained in this dewd rLba,t. with interest on such disbursements.
<br />C Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms of that obligation_
<br />C A copy ofthe loan agreement containing the terms under which lire interest rule may vary is attached to this deed of Irusl'and
<br />made a pan hereof,
<br />RIMERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Fam, Homestead Protection Act, designation of homestead d3tiached to this deed of trust and made a pan hereof has
<br />C been disclaimed; the disclaimer is attached to this decd of trust and crude a part hereof.
<br />SIGH \ATTIRES: By signing below, Burrower agree to the terms and conventual contained in this deed of frost, including those on page
<br />2, and in all) I ides described It signed by Borrower.
<br />SCO'1 "I'.1 Wt1O1 GINA R WOODS
<br />ACKNOWLEDGMENT: StAtF01 NEBRASKA, IT ALL COI IN, Y SS:
<br />I he foregoing instrument was acknowledged before me on 05/172002
<br />By SCOTT J WOODS and GINA R WOODS, HUSBAND AND WIFE
<br />My commission expires: FCC, 2�1 ZC(I
<br />=CH ia �'�' (Notary Public)
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