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<br />PARTIES: This Deed of Trust is made na 07/15/2002 among, the Grantor, ROBERT L SCHAAF AND LISA K SCHAAF (GREEN), AS
<br />UNMARRIED PERSONS ( "Borrower "),
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee "), and the
<br />Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the
<br />laws oNE.BRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender")
<br />CONVEYANCE: For value received, Borower 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 lard future improvements thereon and all rights -of-
<br />way, casements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />PROPERTY ADDRESS: 422 E I ITH ST, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />LOT TEN (10). RUSSEL WHEELER'S ADDITION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Located in County, Nebraska.
<br />'I'I'I IF:: Bono., coo, counts and warrants title to the properly, except for
<br />SECU It F:I) DEBT: This deed of trust secures to Lender repayment of the secured debt and the performance of the eonvemants 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 deed of trust or under any instrument secured by this decd 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 />W APROMISSORY NOTE AND SECURITY AGREEMENT DATED 07/15 /202
<br />® Future advances: The above amount is secured even though all or part of it may not yet he advanced_ Future advances are
<br />contemplated and will be secured to the same extent as if made on the date of this deed oftrust is executed.
<br />❑ Revolving line of credit agreement dated , with initial annual interest rate of
<br />All amounts owed under this agreement arc 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 ohligation is due and payable on July 15, 2004 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 xmeunt of $'2073 50, plus
<br />interest, plus any amounts disbursed under the terns of this decd of trust to protect the security of this deed of trust or to perform any of the
<br />covenants contained in this deed oftrust, with interest on such disbursements.
<br />E] Variable Rate: The interest rate on the ohligation secured by this decd oftrust may vary according to the terms of that obligation.
<br />E] A copy of the loan agroolT ent containing the temps under which the interest rate may vary is attached to this deed oftrust and
<br />made a part hereof.
<br />RIDERS: ASSICNMENI OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm I Iomestend Protection Act, designation ofhomustcaJ iQttaclnel to this deed oftrust and ride it part heed has
<br />E] been disclaimed; the disulainrer is attached to this deed eftmst and made a part hereof.
<br />SIGNATURES: By signing below, Borrower agree to the terms and convenants contained in this deed of frost, including those on page
<br />2, and in an)yi(lers described abnaigned by Burrower.
<br />S HAJ LISA ) 4RE �iC _.._
<br />ROBERT L SCHAAF LISA K SCHAAF (GREEN)
<br />ACKNOWLEDGMENT: S'IA'IT01 NLBRASK A, I I AL I. CI 01 IN' I YSS'.
<br />'I he foregoing instrument was acknowledged before me on 0715/2002
<br />By ROBERT L SCHAAF and LISA K SCHAAF (GREEN), AS UNMARRIED PERSONS
<br />My cnmmissinncxpires' /��1dij
<br />fj1 �l c Fyn .GCIiZ (N n,y Pubhc)
<br />GENEFAL NUTAAV -Star! N Ne"MKII
<br />'W CHERYL L WSMICKI
<br />�Mygarmar xp- MVCh 5, P006garmar xp. MVCh 5, P006
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