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DEED OF TRUST A Y Z A ^y y S � S r O � DEED OF TRUST PARTIES: This Deed of Trust is made na 09/16/2002 among, the Grardn, HARLAN R SCHLACHTER AND , A SINGLE PERSON ( "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 torpor #ion organized and existing under the laws fNEBRASKA 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, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the "property "). PROPERTY ADDRESS: 103 SOUTH OAK STREET, GRAND ISLAND, Nebraska 68801 LEGAL DESCRIPTION: THE NORTH FIFTY -FIVE (55) FEY, I OF LOT FOUR (4), BLOCK NINETY -FOUR (94) ORIGINAL TOWN OF GRAND ISLAND, HALT. COUNTY, NEBRASKA. Located in Hall County, Nebraska TITLE: Borrower convectors and warrants title to the properly, except for SECURED DKII'f: Ibis deed of trust secures to Lender 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 amounts Borrower owes to Lender under this deed of trust or under any instrument secured by this deed of trust, and all modifications, extensions and rcncwals thereof. The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof.)' M A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 09/16/2002 Future advances: 'fhe above amount is secured even though all or part of it may not yet be advanced. Future advances are contemplated Lard will be secured to the sane extent as ifmade on the date ofthis deed oftrust is executed. ❑ Revolving line of credit agreement dated , with initial annual interest rate of All amourris 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 secured to the same extent as if made on the date this deed oftrust is executed. The above obligation is due and payable on October 05, 2007 if not paid earlier. The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $14,514.00, 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 decd oftrust, with interest on such disbursements. Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms ofthal obligation. 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 Homestead Protection Act, designation of homestead iQttached to this deed of trust and made a pmt hereof has been disclaimed; the disclaimer is attached to this deed oftrust and made a part hereof. SIGNATURES: By signing below, Borrower agree to the terms and convenants contained in this deed of trust, including those on page 2, and in an d crr ,bed above sjpnec1by I ; er. HARLAN R SC'H.LLACCCHpTTEER�Lf'/i�� ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: The foregoing instrument was acknowledged before meyu-04/ ai By HARLAN R SCHLACHTER and, A SINGLE PFf .SON My commission 6EWERAL NOTAR=KALKW ROTAR I pgTSY q By, CtMA. r O � O N CD N 200?10`,89 ° PARTIES: This Deed of Trust is made na 09/16/2002 among, the Grardn, HARLAN R SCHLACHTER AND , A SINGLE PERSON ( "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 torpor #ion organized and existing under the laws fNEBRASKA 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, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the "property "). PROPERTY ADDRESS: 103 SOUTH OAK STREET, GRAND ISLAND, Nebraska 68801 LEGAL DESCRIPTION: THE NORTH FIFTY -FIVE (55) FEY, I OF LOT FOUR (4), BLOCK NINETY -FOUR (94) ORIGINAL TOWN OF GRAND ISLAND, HALT. COUNTY, NEBRASKA. Located in Hall County, Nebraska TITLE: Borrower convectors and warrants title to the properly, except for SECURED DKII'f: Ibis deed of trust secures to Lender 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 amounts Borrower owes to Lender under this deed of trust or under any instrument secured by this deed of trust, and all modifications, extensions and rcncwals thereof. The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof.)' M A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 09/16/2002 Future advances: 'fhe above amount is secured even though all or part of it may not yet be advanced. Future advances are contemplated Lard will be secured to the sane extent as ifmade on the date ofthis deed oftrust is executed. ❑ Revolving line of credit agreement dated , with initial annual interest rate of All amourris 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 secured to the same extent as if made on the date this deed oftrust is executed. The above obligation is due and payable on October 05, 2007 if not paid earlier. The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $14,514.00, 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 decd oftrust, with interest on such disbursements. Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms ofthal obligation. 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 Homestead Protection Act, designation of homestead iQttached to this deed of trust and made a pmt hereof has been disclaimed; the disclaimer is attached to this deed oftrust and made a part hereof. SIGNATURES: By signing below, Borrower agree to the terms and convenants contained in this deed of trust, including those on page 2, and in an d crr ,bed above sjpnec1by I ; er. HARLAN R SC'H.LLACCCHpTTEER�Lf'/i�� ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: The foregoing instrument was acknowledged before meyu-04/ ai By HARLAN R SCHLACHTER and, A SINGLE PFf .SON My commission 6EWERAL NOTAR=KALKW ROTAR I pgTSY q By, CtMA.