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<br />DEED OF TRUST 200210549
<br />PARTIES: This Deed of Trust is made on 09/24/2002 among, the Grantor, RANDY A GROTZKY AND COLLEEN K GROTZKY ,
<br />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, IIOM F. FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the
<br />laws fNEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ("Londe,").
<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, casements, rents, issues, profits, income, tenements, hereclartments, privileges and any appurtenances thereunto belonging (all called the
<br />"property ").
<br />PROPERTY ADDRESS: 1504 W JOHN, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />LOT TEN (10), BLOCK THIRTY -SIX (36), IN CHARLES WASMER'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRAKSA
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenant; and warrants title to the property, except for
<br />SECURED DEBT: This deed oftrust secures to Lender repayment of the secured debt and the performance of the eonvenants 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 />E A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 09/24/2002
<br />Future advances: The above amount is secured even though all or part of it may not yet be advanced. Future advances me
<br />contemplated and will be secured to the same extent as if made on the date of this 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 oftrust is executed.
<br />The above obligation is due and payable on September 20, 2008 ifnot 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 $15,555.50, 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 />E] Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms arbor 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 pan hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead Clatached to this deed of trust and made a part 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 convero nts contained in this deed of trust, including those on page
<br />2, and in any nd describ I ab signed by Borrower.
<br />ab
<br />RANDY ,A GROTZKY COLLEEN K CROY�KY
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, FE
<br />The foregoing instrument was acknowledged be
<br />By RANDY A GROTZKY AND COLLEEN K
<br />My commi Q
<br />c
<br />GENERN. NOYA aebfl
<br />��� pATSY A KALKOWSKI
<br />MV Oamm. Bp. April 24, 7001
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