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_1 O I?b' "Z �7�C a c— Z --{ N co c� o— Q Si m m p ca r o 0 c � o 0 O N y CD COD cc N N v •' Cpl to Cn (Space Above This Line For Recording Datai o (Page 1 of 5) DEED OF TRUST 614100 = IF BOX IS CHECKED, THIS DEED OF TRUST IS OPEN -END AND SECURES FUTURE ADVANCES. THIS DEED OF TRUST is made this 25TH day of JUNE , 20 02 among the Grantor, LOUIS R. SCHIPMAN AND JANE A. SCHIMAN, AS JOINT TENANTS (herein "Borrower "), AMERICAN PIONEER TITLE INSURANCE COMPANY (herein "Trustee ") and the Beneficiary, MBNA AMER I CA ( DELAWARE) , N. A. a bank organized and existing under the law of THE UNITED STATES whose address is 1100 N KING STREET, WILMINGTON, DE 19884 "Lender "), The following paragraph preceded by a checked box is applicable. LX j WHEREAS, Borrower is indebted to Lender in the principal sum of $ 5,552,63 evt enced by Borrower's Loan Agreement dated JUNE 25, 2002 and any extensions or renewals thereof including those pursuant to any Renegotiable RateAgreement herein "Note"), providing for monthly installments of principal and interest, including any adjustments to the amount of payments or the contract rate if that rate is variable, with the balance of the indebtedness, if not sooner paid, due and payable on JUNE 25, 2007 WHEREAS, Borrower is indebted to Lender in the principal sum of $ , or so much thereof as may be advanced pursuant to Borrower's Revolving Loan Agreement dated and extensions and renewals thereof (herein "Note "), providing for monthly installments, and interest at the rate and under the terms specified in the Note, including any adjustments in the interest rate if that rate is variable, and providing for a credit limit stated in the principal sum above and an initial advance of $ TO SECURE to Lender the repayment of the indebtedness, including future advances, evidenced by the Note, with interest thereon at the applicable contract rate (including any adjustments to the amount of payment or the contract rate if that rate is variable) and other charges; the payment of all other sums, with interest thereon, advance in accordance herewith to protect the security of this Deed of 'Trust; and the performance of the convenants and agreements of Borrower herein contained, Borrower, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee, in trust with power of sale, the following described property located in the County of HALL State of Nebraska: LOT EIGHT (8), BLOCK SEVEN (7), KOEHLER PLACE , AN ADDIITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. 1111111 III I� NIIII IIIII II I I I II II IIIII INII 1111111 III IIIII 111111111111 IIIII III IIIII IIIII IIIII 1111111 INI IIINII N �N NNI � NIN I� V III