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PARTIES: This Deed of Trust is made on 05/22/2002 among, the Grantor, DANNY D DUBBS AND JANELLG DUBHS, (HUSBAND AND WIFE) ( "Borrower"), AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the c Beneficiary, HOMO I LDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST S RI FT, GRAND ISLAND, NEBRASKA 68801 ( "Lender"). O CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real property, of which Borrower is lawfully scizcd, described below and all buildings, fixtures, and existing and future improvements thereon and all rights-of way, casements, rents, issues, profits, income, tenements, heredilamcnls, privileges and any appurtenances thereunto belonging (all called the "property "). PROPERTY ADDRESS: 2221 ENGLEMAN RD, GRAND ISLAND, Nebraska 68803 LEGAL DESCRIPTION: LOT ONE (1) BLOCK ONE (1) LE HEIGHT'S SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA Located in Hall County, Nebraska. TITLE: Borrower canvenants and warrants title to the property, except for SECURED DEBT: 'Phis deed of trust secures to Lender repayment of the secured debt and the performance of the convenams and agreements ,obtained in this decd oC trust and in any other document incorporated herein. Secured debt, as used in this deed of Rust, includes any amounts Borrower owes to Lender under this deed of trust or under any instrument seetu'ed by this deed of trust, and all modifications, extensions and renewals thereof. The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof.)' ® A PROMISSORY NO FL AND SLCURITY AGREEMENT DATED 05/22/2002 ® Future advances: The above amount is secured even though all or part of it may not yet be advanced. Future advances are contemplated and will he secured to the same extent as if made on the date of this deed of trust is executed. ❑ Revolving line of credit agreement dated , with initial annual interest rate of -% All amounts owed under this agreement are secured even though all amounts may not yet be advanced. Future advances under the agreement are conlentplated and will be secured to the same extent as if made on the date this deed of trust is executed. The above obligation is due and payable on June 15, 2005 if not paid earlier. The tutu] unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $18,280.59. plus interest, plus any amounts disbursed under the terns of this deed of trust to protect the security of this deed of trust or to perform any of the cavcnants contained in this deed of trust, with interest oa such disbursements. ❑ Variable Rate: I he interest rate on the obligation secured by this deed of trust may vary according to the terms of that obligation. ❑ A copy of the loan agrc .c,it containing the terns under which the interest rate may vary is attached to this deed of trust and made a part hereof. RIDERS: ASSIGNMENT OF RENTS DESIGNATION OF HOMES I'I!AD Pursuant to the Parm homestead Protection Act, designation of homestead iQttached to this deed of trust and made a part hereof has ❑ been disclaim ; lha Jialyimerjeyttached to this deed oftrust and made a part hereof �� dylE SIGNATURES: ' ring el gree to the terms and amvena is cunlaineJ in Ibis decd,of trust, including [hose on page 2, and in any ride "des the n surmrver. J 4ANELLE ` ACKNOWLEDGMENT: SIA'll OF NEBRASKA, HALL COUNTY SS: The Corcgmng imtrument was acknowledged before me on OS/2n2002 By DANNY D DUBBS and JASELLU 11UBRS, GENERAL NCIARY SI o i " "' f PENNY HOLLOWAY My con nussion expo es: My Comm. FxD. May 10, 2003 � Notary Public) z l h m S = D N O - rL fl rr 'o N DEED OF TRUST .� PARTIES: This Deed of Trust is made on 05/22/2002 among, the Grantor, DANNY D DUBBS AND JANELLG DUBHS, (HUSBAND AND WIFE) ( "Borrower"), AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the c Beneficiary, HOMO I LDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST S RI FT, GRAND ISLAND, NEBRASKA 68801 ( "Lender"). O CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real property, of which Borrower is lawfully scizcd, described below and all buildings, fixtures, and existing and future improvements thereon and all rights-of way, casements, rents, issues, profits, income, tenements, heredilamcnls, privileges and any appurtenances thereunto belonging (all called the "property "). PROPERTY ADDRESS: 2221 ENGLEMAN RD, GRAND ISLAND, Nebraska 68803 LEGAL DESCRIPTION: LOT ONE (1) BLOCK ONE (1) LE HEIGHT'S SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA Located in Hall County, Nebraska. TITLE: Borrower canvenants and warrants title to the property, except for SECURED DEBT: 'Phis deed of trust secures to Lender repayment of the secured debt and the performance of the convenams and agreements ,obtained in this decd oC trust and in any other document incorporated herein. Secured debt, as used in this deed of Rust, includes any amounts Borrower owes to Lender under this deed of trust or under any instrument seetu'ed by this deed of trust, and all modifications, extensions and renewals thereof. The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof.)' ® A PROMISSORY NO FL AND SLCURITY AGREEMENT DATED 05/22/2002 ® Future advances: The above amount is secured even though all or part of it may not yet be advanced. Future advances are contemplated and will he secured to the same extent as if made on the date of this deed of trust is executed. ❑ Revolving line of credit agreement dated , with initial annual interest rate of -% All amounts owed under this agreement are secured even though all amounts may not yet be advanced. Future advances under the agreement are conlentplated and will be secured to the same extent as if made on the date this deed of trust is executed. The above obligation is due and payable on June 15, 2005 if not paid earlier. The tutu] unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $18,280.59. plus interest, plus any amounts disbursed under the terns of this deed of trust to protect the security of this deed of trust or to perform any of the cavcnants contained in this deed of trust, with interest oa such disbursements. ❑ Variable Rate: I he interest rate on the obligation secured by this deed of trust may vary according to the terms of that obligation. ❑ A copy of the loan agrc .c,it containing the terns under which the interest rate may vary is attached to this deed of trust and made a part hereof. RIDERS: ASSIGNMENT OF RENTS DESIGNATION OF HOMES I'I!AD Pursuant to the Parm homestead Protection Act, designation of homestead iQttached to this deed of trust and made a part hereof has ❑ been disclaim ; lha Jialyimerjeyttached to this deed oftrust and made a part hereof �� dylE SIGNATURES: ' ring el gree to the terms and amvena is cunlaineJ in Ibis decd,of trust, including [hose on page 2, and in any ride "des the n surmrver. J 4ANELLE ` ACKNOWLEDGMENT: SIA'll OF NEBRASKA, HALL COUNTY SS: The Corcgmng imtrument was acknowledged before me on OS/2n2002 By DANNY D DUBBS and JASELLU 11UBRS, GENERAL NCIARY SI o i " "' f PENNY HOLLOWAY My con nussion expo es: My Comm. FxD. May 10, 2003 � Notary Public)