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PARTIES: This Deed of Trust is made on 08/27/2002 among, the Grantor, DEBORAH L TROSPER AND ROBERT E TROSPER, (WIFE AND HUSBAND) CBorroweY), AREND R BAACK, ATTORNEY, whose residence address is P. 0. Box 790, Grand Island, Hall County, Nebraska ( "Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender'). CONVEYANCE: For value received, Borrower irrevocably grants and conveys to 9'mstes, in trust, with power of sale, the real property, of which Borrower is lawfully seized, described below and all buildings, fixtures, and existing and future improvements thereon and all rights -of- way, easements, rents, issues, profits, income, tenements, heredimments, privileges and any appurtenances thereunto belonging (all called the "property "). PROPERTY ADDRESS: 17221DLEWOOD LN, GRAND ISLAND, Nebraska 68803 LEGAL DESCRIPTION: LOT TWENTY (20), BLOCK TWO 92), BFI.AIR ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Located in Hall County, Nebraska. TITLE: Borrower mnvenants and warrants title to the property, except for SECURED DEBT: This deed of trust secures in Leader repayment of the secured debt and the performance of the convenants and agreements contained in this deed of trust and in any other document incorporated herein. Secured debt, as used in this deed of trust, includes any mo ant, Borrower owes to Lender under this deed of trust or under any instrument secured by this deed of trust, and all modifications, extensions and renewals thereof. This secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dales thereof.): i A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 08/27/2002 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 be secured to the same extent as if made on the date of this deed of trust is executed. ❑ Revolving line of credit agreement dated _ —with initial annual interest rate of -% All amounts owed under this agi eearent are secured even though all amounts may not yet be advanced. Future advances under the agreement are contemplated and will be secured to the same extent as if made on the date this deed of trust is executed. The above obligation is due and payable on March 04, 2005 if not paid earlier. The total unpaid balance secured by this decal of trust at any one time shall not exceed a maximum principal amount of $12,216.00, 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 of tmst, with interest on such disbursements. ❑ Variable Rate: The interest rate oa the obligation secured by this deed of trust may vary according to the terms of that obligation. ❑ A copy of the loan agreement containing the terms under which the interest rate may very is attached to this deed of bus[ mud made a part hereof. RIDERS: ASSIGNMENT OF RENTS DESIGNATION OF HOMESTEAD Pursuant to the Farm Homestead Protection Act, designation of homestead Slatoched to this decd of trust and made a part hereof has ❑ been disclaimed; the disclaimer is attached to this deed of trust and made a punt hereof. SIGNATURES: By signing below, Borrower agree to the terms and conventions contained in this deed of broad, including those on page 2, an many riders described above s I d b Borrower. L- DEBORAH LP TROSPER ROBERT 1?. TROSPER ACILNOWLEDGMENI': STATE OFNEBRASKA, HALL COUNTY SS: The foregoing instmeneat was acknowledged before me no 08/27/2002 By DEBORAH L TROSPER and ROBERT E TROSPER, GfNLiL1L NO [AR n Nebraska My commission expires: PENNY HOLLOWAY By Gomm. Eq. may tU, 2W9 No(efy Public) O r1J N GL 3 Ul N DEED OF TRUST Q PARTIES: This Deed of Trust is made on 08/27/2002 among, the Grantor, DEBORAH L TROSPER AND ROBERT E TROSPER, (WIFE AND HUSBAND) CBorroweY), AREND R BAACK, ATTORNEY, whose residence address is P. 0. Box 790, Grand Island, Hall County, Nebraska ( "Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender'). CONVEYANCE: For value received, Borrower irrevocably grants and conveys to 9'mstes, in trust, with power of sale, the real property, of which Borrower is lawfully seized, described below and all buildings, fixtures, and existing and future improvements thereon and all rights -of- way, easements, rents, issues, profits, income, tenements, heredimments, privileges and any appurtenances thereunto belonging (all called the "property "). PROPERTY ADDRESS: 17221DLEWOOD LN, GRAND ISLAND, Nebraska 68803 LEGAL DESCRIPTION: LOT TWENTY (20), BLOCK TWO 92), BFI.AIR ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Located in Hall County, Nebraska. TITLE: Borrower mnvenants and warrants title to the property, except for SECURED DEBT: This deed of trust secures in Leader repayment of the secured debt and the performance of the convenants and agreements contained in this deed of trust and in any other document incorporated herein. Secured debt, as used in this deed of trust, includes any mo ant, Borrower owes to Lender under this deed of trust or under any instrument secured by this deed of trust, and all modifications, extensions and renewals thereof. This secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dales thereof.): i A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 08/27/2002 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 be secured to the same extent as if made on the date of this deed of trust is executed. ❑ Revolving line of credit agreement dated _ —with initial annual interest rate of -% All amounts owed under this agi eearent are secured even though all amounts may not yet be advanced. Future advances under the agreement are contemplated and will be secured to the same extent as if made on the date this deed of trust is executed. The above obligation is due and payable on March 04, 2005 if not paid earlier. The total unpaid balance secured by this decal of trust at any one time shall not exceed a maximum principal amount of $12,216.00, 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 of tmst, with interest on such disbursements. ❑ Variable Rate: The interest rate oa the obligation secured by this deed of trust may vary according to the terms of that obligation. ❑ A copy of the loan agreement containing the terms under which the interest rate may very is attached to this deed of bus[ mud made a part hereof. RIDERS: ASSIGNMENT OF RENTS DESIGNATION OF HOMESTEAD Pursuant to the Farm Homestead Protection Act, designation of homestead Slatoched to this decd of trust and made a part hereof has ❑ been disclaimed; the disclaimer is attached to this deed of trust and made a punt hereof. SIGNATURES: By signing below, Borrower agree to the terms and conventions contained in this deed of broad, including those on page 2, an many riders described above s I d b Borrower. L- DEBORAH LP TROSPER ROBERT 1?. TROSPER ACILNOWLEDGMENI': STATE OFNEBRASKA, HALL COUNTY SS: The foregoing instmeneat was acknowledged before me no 08/27/2002 By DEBORAH L TROSPER and ROBERT E TROSPER, GfNLiL1L NO [AR n Nebraska My commission expires: PENNY HOLLOWAY By Gomm. Eq. may tU, 2W9 No(efy Public)