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<br />DEED OF TRUST
<br />PARTIES: This Deed of Trust is made on 07/15/2002 among, the Grantor, ROBERT L SCHAAF AND LISA K SCI IAAF, AKA LISA K
<br />GREEN, HUSBAND AND WIFE ("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 of NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 (` Leadef').
<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: 422 E I1TH ST, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />LOT TEN (1O), BLOCK THIRTY -SEVEN (37), IN RUSSEL WHEELER'S ADDITION, TO THE CITY OF GRAND ISLAND, IIALL
<br />COUNTY.NEBRASKA.
<br />Located in County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
<br />SECURED DEBT: 'Phis deed oftmst secures to Lender repayment ofthe secured debt and the performance ofthe convenants and agreements
<br />contained in this deed oftrust and in any other document incorporated herein. Secured debt, as used in this deed oftrust, includes any amounts
<br />Borrower owes to Lender under this deed of trust or under any instrument secured by this deed 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 />M A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 07/15/2002
<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 ofthis deed oftrust is executed.
<br />❑ Revolving line of credit agreement dated , with initial annual interest rate of
<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 if made on the date this deed of trust is executed.
<br />The above obligation 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 amount of $2,073.50, plus
<br />interest, plus any amounts disbursed under the terms of this deed oftrust to protect the security of this deed oftrust 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 obligation secured by this deed oftrust may vary according to the terms of drat obligation.
<br />E] A copy ofthe loan agreement containing the terms under which the interest rate may vary is attached to this deed oftrust and
<br />made a part hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead fittached to this deed of trust and made a pan hereof has
<br />been disclaimed; the disclaimer is attached to this deed oftrust and made a part 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 ers described above signed by Borrower.
<br />�� "/l
<br />ROBERT L SCHAA LISA K SCIIAAF, AK W L . A K GREEN
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS
<br />The foregoing instrument was acknowledged before me on 07/15/2002
<br />By ROBERT L SCHAAF and LISA K SCHAAF, AKA LISA K GREEN, HUSBAND AND WIFE
<br />My commission expires: j
<br />pypp'@Ry- 61aRMNebtasW �' ��'!` —' Notary Public) LIII
<br />DEBORAH J. NORMAN
<br />IN CM Em, Sept 19, 2005 �
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