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<br />A T N
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<br />DEED OF TRUST
<br />PARTIES: This Deed of 'I rLM is made on 05/17/2002 among, the Grantor, JOSEPH A THAUT AND VIC.KY R I I1AUT, I It SRAND AND
<br />WITH ("Borrower'),
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Be. 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the
<br />Beneficiary, HOMF. 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 STREFT, GRAND ISLAND, NEBRASKA 68801 ( "Lender ").
<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 rights -of-
<br />way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />•properly').
<br />PROPERTY ADDRESS: 1836 W I1TH ST, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />BOGGS AND HILL LOT NIN'E(9), BLOCK SEVEN (7), IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the properly, except for
<br />SECURED DEBT:'Ihis 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 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, Mansions 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 />E A PROMISSORY NOTE AND SECURITY 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 of this deed of trust 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 he advanced. Future advances under
<br />the agreement are contemplated and will be secured to the same extent as if made on the dale this deed of lmst is executed.
<br />The above obligation is due and payable on May 15, 2011 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 $4,808.14, 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 oftmst, with interest on such disbursements.
<br />❑ Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terms ofthat obligation.
<br />❑ A copy ofdre loan agreement containing the terms under which the interest rate may vary is attached to this deed of trust mid
<br />made a pan hereof.
<br />RIDERS: ASSIGNMCN "I OF RENTS
<br />UHSIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iQttached to this deed of trust and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed of trust 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 riders described above sL Ted by Borrower.
<br />41 i
<br />JJASEPH A THAUT VIC KY R THAUT
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before we on 05/17/2002
<br />By JOSEPH A "fl IAI IT and VICKY R THAUT, HUSBAND AND WIFE
<br />1
<br />My commission expires: %�_'� - ✓_� q
<br />rotary Public)
<br />F� GENERAL NOTARY-State of Nebraska
<br />SHARON K KLEINT
<br />�'° My Carom. ES. Dec 3 , Hall
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