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PARTIES: This Deed of Trust is made on 07/25/2002 among, the Grantor, BRIAN R FAUSCH AND LORI FAUSCH, HUSBAND AND WIFE <br />( "Burrower <br />AREND R HAACK, 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 of NEBRASKA whose address is 221 SOL I'If LOCHS I S I'RIFIE 1, GRAND ISLAND, NEBRASKA 68801 ( "Lende2'). <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 />"Property"). <br />PROPERTY ADDRESS: 3416 GRAHAM AVE, GRAND ISLAND, Nebraska 68803 <br />LEGAL DESCRIPTION: <br />LOT 2, BLOCK 1, FIRESIDE ESTATES SUBDIVISION, HALL COUNTY, NEBRASKA <br />Located m Hall County, Nebraska. <br />TITLE: Borrower conventions and warrants title to the propeny, except for <br />SECURED DEBT: This 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 Leader 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 aceurul 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 07/25/2002 <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 lms't is executed. <br />❑ Revolving line of credit agreement dated , with iniliul annual interest rate of .'Yo <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 ifmude on the dale this deed oftrust is executed. <br />The above obligation is due and payable on July 29, 2007 if not paid carlicr. <br />The iota] unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $5,57150, 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 oftrust, with interest on such disbursements. <br />Fl Variable Rate: 'I he interest rate ran the obligation secured by this deed oftrust may vary according to the terms of that obligation. <br />A copy ofthe loan agreement containing the terns under which the interest rate may vary is attached to this deed oftrust and <br />made a pan hereof <br />RIDERS: ASSIGNMENT OF RENTS <br />DESIGNATION OF HOMESTEAD <br />Pursuant to the Farm 1 lomestead Protection Act, designation of homestead A-amiched to this deed of trust and made a part hereof has <br />F-1 been disclaimed; the disclaimer is attached to this deed oftrust and made a pan 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 nder.�deseribed aboysr igncd by Borrower. , <br />BRIAN R FAUSCH '- LORI FAUSCH <br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: <br />Thu foregoing instrument was acknowledged before me on 07 25/2002 <br />By BRIAN R FAUSCH and LORI FAUSCH, HUSBAND P6Wi1� <br />My commission expires:Gil <br />ublic) <br />=AKALICOWSIQ NOTARY-State aGW / <br />Itl <br />M <br />3 <br />m <br />o. <br />on <br />n <br />I <br />i <br />x <br />x <br />r <br />yy <br />x <br />rn <br />cn <br />I <br />N <br />o y <br />!m1 <br />1 <br />o <br />0 <br />o <br />cr1 <br />' <br />N <br />� <br />rn <br />r , <br />m <br />U <br />N <br />N <br />DEED OF TRUST <br />m <br />PARTIES: This Deed of Trust is made on 07/25/2002 among, the Grantor, BRIAN R FAUSCH AND LORI FAUSCH, HUSBAND AND WIFE <br />( "Burrower <br />AREND R HAACK, 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 of NEBRASKA whose address is 221 SOL I'If LOCHS I S I'RIFIE 1, GRAND ISLAND, NEBRASKA 68801 ( "Lende2'). <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 />"Property"). <br />PROPERTY ADDRESS: 3416 GRAHAM AVE, GRAND ISLAND, Nebraska 68803 <br />LEGAL DESCRIPTION: <br />LOT 2, BLOCK 1, FIRESIDE ESTATES SUBDIVISION, HALL COUNTY, NEBRASKA <br />Located m Hall County, Nebraska. <br />TITLE: Borrower conventions and warrants title to the propeny, except for <br />SECURED DEBT: This 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 Leader 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 aceurul 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 07/25/2002 <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 lms't is executed. <br />❑ Revolving line of credit agreement dated , with iniliul annual interest rate of .'Yo <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 ifmude on the dale this deed oftrust is executed. <br />The above obligation is due and payable on July 29, 2007 if not paid carlicr. <br />The iota] unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $5,57150, 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 oftrust, with interest on such disbursements. <br />Fl Variable Rate: 'I he interest rate ran the obligation secured by this deed oftrust may vary according to the terms of that obligation. <br />A copy ofthe loan agreement containing the terns under which the interest rate may vary is attached to this deed oftrust and <br />made a pan hereof <br />RIDERS: ASSIGNMENT OF RENTS <br />DESIGNATION OF HOMESTEAD <br />Pursuant to the Farm 1 lomestead Protection Act, designation of homestead A-amiched to this deed of trust and made a part hereof has <br />F-1 been disclaimed; the disclaimer is attached to this deed oftrust and made a pan 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 nder.�deseribed aboysr igncd by Borrower. , <br />BRIAN R FAUSCH '- LORI FAUSCH <br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: <br />Thu foregoing instrument was acknowledged before me on 07 25/2002 <br />By BRIAN R FAUSCH and LORI FAUSCH, HUSBAND P6Wi1� <br />My commission expires:Gil <br />ublic) <br />=AKALICOWSIQ NOTARY-State aGW / <br />Itl <br />