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PAR 'ITES: 't his Deed of Trust is made on 09/05/2002 among, the Grantor, DALE CLARK AND JOAN CLARK, (HUSBAND AND WIFE) ( "Borrower'), —.. _. AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee'), and the c_ P� 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 Trustee, 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, casements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the "progeny"). PROPERTY ADDRESS: 3931 DOVER CT, GRAND ISLAND, Nebraska 68803 LEGAL DESCRIPTION: LOT FOUR (4) KENTISH HILLS SUBDIVISION M THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA Located in Hall County, Nebraska. TITLE: B..., movenants and warrants title to the properly, except for SECURED DEBT: This deed of nest secures to Lender repayment of the secured debt and the performance of the conventions and agreements contained in this decd of trust and in any other document incorporated herein. Secured debt, es used in this deed of trust, includes any amounts Borrower owes to Lender under this deed of most or under any instrument secured by this deed of trust, and all modifications, extensions and raiewals thereof. The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof.): ® A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 09/05/2002 ® Future advances; 'I'he 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 ifmade on the date ofthis dead oftrust is executed. ❑ Revolving line of credit agreement dated , with initial annual interest rate of All amounts owed rmder this agreement are secured even though all amounts may not yet be advanced. Puture advances under the agreement are contemplated and will be secured to the same extent as if made on the date this deed of [rust is executed. The above obligation is due and payable on September 15, 2007 if not paid earlier. I he total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $13,028.50, plus interest, plus any amounts disbursed under the terms of this deed of must to protect the security of this deed of trust or to perform any of the covenants contained in this deed of trust, with intereul on such disbursements. ❑ Variable Rate:l'he interest rate on 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 vary is attached to this deed of trust and made a part hereof. RIDERS: ASSIGNMENT OF RENTS DESIGNATION OF HOMESTEAD Pursuant to the Farm Homestead Protection Act, designation of homestead iQttached to this deed of "at and made a part hereof has ❑ ben disclaimed; the disclaimer is attached to this deed of trust and made a part hereof. SIGNATURES: y signing below, Borrower agree to the terms and conventions contained in this deed of trust, including those on page 2, and in any a described above s1 ed by orro r. G1 D LARK Z JOA77ARK ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: The foregoing instrument was acknowledged before me on 09 /054( By DALE CLARK and JOAN CLARK, _ My cammmom expires T -c:; v — G r f ova o av ds3 *W.t3 AW INSMON IVA V ASltld Ci n c + ur o K� 1 M CJl �r N DEED OF TRUST PAR 'ITES: 't his Deed of Trust is made on 09/05/2002 among, the Grantor, DALE CLARK AND JOAN CLARK, (HUSBAND AND WIFE) ( "Borrower'), —.. _. AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee'), and the c_ P� 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 Trustee, 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, casements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the "progeny"). PROPERTY ADDRESS: 3931 DOVER CT, GRAND ISLAND, Nebraska 68803 LEGAL DESCRIPTION: LOT FOUR (4) KENTISH HILLS SUBDIVISION M THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA Located in Hall County, Nebraska. TITLE: B..., movenants and warrants title to the properly, except for SECURED DEBT: This deed of nest secures to Lender repayment of the secured debt and the performance of the conventions and agreements contained in this decd of trust and in any other document incorporated herein. Secured debt, es used in this deed of trust, includes any amounts Borrower owes to Lender under this deed of most or under any instrument secured by this deed of trust, and all modifications, extensions and raiewals thereof. The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof.): ® A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 09/05/2002 ® Future advances; 'I'he 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 ifmade on the date ofthis dead oftrust is executed. ❑ Revolving line of credit agreement dated , with initial annual interest rate of All amounts owed rmder this agreement are secured even though all amounts may not yet be advanced. Puture advances under the agreement are contemplated and will be secured to the same extent as if made on the date this deed of [rust is executed. The above obligation is due and payable on September 15, 2007 if not paid earlier. I he total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $13,028.50, plus interest, plus any amounts disbursed under the terms of this deed of must to protect the security of this deed of trust or to perform any of the covenants contained in this deed of trust, with intereul on such disbursements. ❑ Variable Rate:l'he interest rate on 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 vary is attached to this deed of trust and made a part hereof. RIDERS: ASSIGNMENT OF RENTS DESIGNATION OF HOMESTEAD Pursuant to the Farm Homestead Protection Act, designation of homestead iQttached to this deed of "at and made a part hereof has ❑ ben disclaimed; the disclaimer is attached to this deed of trust and made a part hereof. SIGNATURES: y signing below, Borrower agree to the terms and conventions contained in this deed of trust, including those on page 2, and in any a described above s1 ed by orro r. G1 D LARK Z JOA77ARK ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: The foregoing instrument was acknowledged before me on 09 /054( By DALE CLARK and JOAN CLARK, _ My cammmom expires T -c:; v — G r f ova o av ds3 *W.t3 AW INSMON IVA V ASltld