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<br />DEED OF TRUST
<br />PARTIES: This Deed of frost is made on 05/24/2002 among, the Grantor, DONALD h MAYS AND ROBYN R RODGERS MAYS,
<br />HUSBAND AND WIFE ( "Borrower "),
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nehraska ( "Trustee "), and the
<br />Beneficiary, I IOMF. FEDERAL SAVINGS AND LOAN ASSOCIA'T'ION Of GRAND ISLAND, a corporation organized and existing under the
<br />laws of NEBRASKA whose address is 221 SCUM LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lendef'E
<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, heredilaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property "T
<br />PROPERTY ADDRESS: 507 EAST 201'I1 ST, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRWEION:
<br />LOT ONE (1) BLOCK ONIf (1) WAGGENER SUBDIVISION TO THE CITY OF GRAND ISLAND, I IALL COUNTY, NEBRASKA
<br />Located in hall County, Nebraska.
<br />TITLE: Borrower convenants and warmnts title to the property, except for
<br />SECURED DF.RT: This decd of trust secures to Lender repayment of the secured debt and the performance of the convenanls 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 Lend, under this deed of trust or under any instrument 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 agreements secured by this deed of trust and the dates thereof):
<br />M A PROMISSORY NOTE. AND SECURITY AGREEMENT DATED 05/24/2002
<br />® Future advances: "I he 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 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 of trust is executed.
<br />The above obligation is due and payable on May 25, 2005 if not paid earlier.
<br />The total unpaid balance secured by this decd of trust at any one time shall not exceed a maximum principal amount of $10,816 90, 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 />covenmrts contained in this deed of trust, 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 of that obligation.
<br />❑ A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed of trust and
<br />made a part hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DLSIONATION 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 />❑ beeu disclaimed; the E,dnime. 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 ri efs described aborc signed by Borrower.
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<br />DONALD L MAYS
<br />/'ze ROR
<br />BENEi4AL NOtARYStra 11L'braska
<br />LISA B. MAYER
<br />ACKNOW LBDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: -511 My Coinm. Exp. Pnay 711, 20U7
<br />The foregoing instrument was acknowledged before me on 05/24/2002
<br />By DONALD L MAYS and ROBYN R RODGERS MAYS, HUSBAND AND WIFE
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<br />My commission expires;
<br />(Notary Public)
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