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PARTIES: This Deed of Trust is made na 07126/2002 among, lire Grantor, GENE R SMITH AND DEBRA K SMITH, HUSBAND AND WIFE ( "Borrower "), AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee"). and the Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation urganiaed and existing under the laws ofNEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender'). 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 smod, described below and all buildings, fixtures, mid existing and fiiture improvements thereon and all rights -of- way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereuntu belonging (all called the "property "). PROPER'PY ADDRESS: 3008 BRENTWOOD SO, GRAND ISLAND, Nebraska 68801 LEGAL DESCRIPTION: LOT TWENTY -FOUR (24), BLOCK TWO (2), IN BRENTWOOD SECOND SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Located in I lalI County, Nebraska. TITLE: Borrower convenants and warrants title to the property, except for SECURED DEBT: This deed of trust sroures to Lender repayment of the secured debt and the pedormunce of the convenants and agreements contained in this deed oftrust and in any other document incorporated herein. Secured debt, as used in this deed of trust, includes any amounts Borrower owes to Lender under this deed of trust or under any instrument secured by this decd of trust, and all modifications, extensions and renewals thereof The secured debt is evidenced by (List all instruments and agreements secured by this died of trust and the dams thereof.): E A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 07/26/20112 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 ofthis deed oftrust is executed. ❑ Revolving line oferedit 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 contemplated and will be seemed to the same extent as if made on the date this decd oftrust is executed. The above obligation is due and payable on August 16, 2005 ifnot paid earlier. The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal aniount of $15,080.50, plus 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 covenants contained in this deed oftrust, with interest on such disbursements. Ej Variable Rate: The interest me on the obligation secured by this deed uftrust may vary according to the terms ofthat obligation. E] A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed oftrust and made a part hereof: RIDERS: ASSIGNMENT OF RENTS DESIGNATION OF HOMESTEAD Pursuant to the Farm I lomestead Protection Act, designation of homestead iDuached to this deed of trust and made a part hereof has E] been disclaimed; the disclaimer is attached to this deed oftrust and made a part hereof. SIGNATURES: B Signing below, Bor war agrhe terms and convenants contained In this deed of trust, including those on page 2, and in any rid t escribed ab gn�d by Bo o er. GENE RSMITH DEB AKSMITH ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS. The foregoing instrument was acknowledged before me on 0726/2002 By GENE R SMITH and DEBRA K SMI'I'I I, I It JSBAND AND WIFE�9 My commission expires: 9c, 29, J?- eAV Di/ k' � ��•V�) (Notary Public) F_j =!ENER%braeke2001 en N 1V O 7o Go Go DEEDOFTRUST PARTIES: This Deed of Trust is made na 07126/2002 among, lire Grantor, GENE R SMITH AND DEBRA K SMITH, HUSBAND AND WIFE ( "Borrower "), AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee"). and the Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation urganiaed and existing under the laws ofNEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender'). 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 smod, described below and all buildings, fixtures, mid existing and fiiture improvements thereon and all rights -of- way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereuntu belonging (all called the "property "). PROPER'PY ADDRESS: 3008 BRENTWOOD SO, GRAND ISLAND, Nebraska 68801 LEGAL DESCRIPTION: LOT TWENTY -FOUR (24), BLOCK TWO (2), IN BRENTWOOD SECOND SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Located in I lalI County, Nebraska. TITLE: Borrower convenants and warrants title to the property, except for SECURED DEBT: This deed of trust sroures to Lender repayment of the secured debt and the pedormunce of the convenants and agreements contained in this deed oftrust and in any other document incorporated herein. Secured debt, as used in this deed of trust, includes any amounts Borrower owes to Lender under this deed of trust or under any instrument secured by this decd of trust, and all modifications, extensions and renewals thereof The secured debt is evidenced by (List all instruments and agreements secured by this died of trust and the dams thereof.): E A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 07/26/20112 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 ofthis deed oftrust is executed. ❑ Revolving line oferedit 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 contemplated and will be seemed to the same extent as if made on the date this decd oftrust is executed. The above obligation is due and payable on August 16, 2005 ifnot paid earlier. The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal aniount of $15,080.50, plus 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 covenants contained in this deed oftrust, with interest on such disbursements. Ej Variable Rate: The interest me on the obligation secured by this deed uftrust may vary according to the terms ofthat obligation. E] A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed oftrust and made a part hereof: RIDERS: ASSIGNMENT OF RENTS DESIGNATION OF HOMESTEAD Pursuant to the Farm I lomestead Protection Act, designation of homestead iDuached to this deed of trust and made a part hereof has E] been disclaimed; the disclaimer is attached to this deed oftrust and made a part hereof. SIGNATURES: B Signing below, Bor war agrhe terms and convenants contained In this deed of trust, including those on page 2, and in any rid t escribed ab gn�d by Bo o er. GENE RSMITH DEB AKSMITH ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS. The foregoing instrument was acknowledged before me on 0726/2002 By GENE R SMITH and DEBRA K SMI'I'I I, I It JSBAND AND WIFE�9 My commission expires: 9c, 29, J?- eAV Di/ k' � ��•V�) (Notary Public) F_j =!ENER%braeke2001