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PARTIES: This Deed of Trust is made on 09/282002 among, the Grantor, LESTER G HUSTED AND CINDY K HOSTED, HUSBAND AND
<br />WIFE ( "Burrower'),
<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 (`Lender ").
<br />C'ONVEVANCE: 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, hcreditarri privileges and any appurtenances thereunto belonging (all called the
<br />°property,•).
<br />PROPMR'I'V ADDRESS: 118 LEISURE LAKE RD, DONIPHAN, Nebraska 68832
<br />LEGAL DESCRIPTION:
<br />LOT ONE (1), TRINITY SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
<br />SECURED DEBT: This deed of frost secures to Lender repayment of the secured debt and the performance of the convenants and agreements
<br />contained in this deed of trost and in any other document incorporated herein. Secured debt, as used in this deed of tnlst, 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 decd of trust and the dates thereof):
<br />E A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 09/28/2002
<br />Future advances: The above amount is secured even though all or pan 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 ifmade on the date this deed oftrost is executed_
<br />The above obligation is due and payable on October 16, 2005 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 S3,01050, 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 thu
<br />coveno n, contained in this deed ftrust, with interest on such disbursements.
<br />F] Variable Rate: "fhe interest rate on the obligation secured by this decd of trust may vary according to the terms of that obligation.
<br />A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed of trust and
<br />made a part hereof.
<br />RIDERS: ASSIGNMIiN I' OF RI4N'I'S
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iQtteched to this deed of trust and made a part hereof' has
<br />been disclaimed; the disclaimer is attached to this deed of trust and made a part hereof
<br />SIGNATURES: By signing below, Borrower agree to the terms and convenants eyyyggq twined in this deed of oat, including those no page
<br />2, and in any ri ersr Lebuvedl�rrpwer. �� _
<br />t G. �
<br />LESTER G RUSTED CINI (II 1S' ED
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COI:NI'Y SS'
<br />the foregoing instrument was acknowledged before me on 09/28/2002
<br />By LESTER G LUSTED and CINDY K I IUST ED, HUSBAND AND WIFE
<br />GENERAL NOTARY -Slate Of Nebraska
<br />My commission expires III PENNY HOLLOWAY
<br />My Gomm. Fay. May 10.2003 Notary Public)
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<br />DEED OF TRUST
<br />PARTIES: This Deed of Trust is made on 09/282002 among, the Grantor, LESTER G HUSTED AND CINDY K HOSTED, HUSBAND AND
<br />WIFE ( "Burrower'),
<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 (`Lender ").
<br />C'ONVEVANCE: 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, hcreditarri privileges and any appurtenances thereunto belonging (all called the
<br />°property,•).
<br />PROPMR'I'V ADDRESS: 118 LEISURE LAKE RD, DONIPHAN, Nebraska 68832
<br />LEGAL DESCRIPTION:
<br />LOT ONE (1), TRINITY SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
<br />SECURED DEBT: This deed of frost secures to Lender repayment of the secured debt and the performance of the convenants and agreements
<br />contained in this deed of trost and in any other document incorporated herein. Secured debt, as used in this deed of tnlst, 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 decd of trust and the dates thereof):
<br />E A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 09/28/2002
<br />Future advances: The above amount is secured even though all or pan 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 ifmade on the date this deed oftrost is executed_
<br />The above obligation is due and payable on October 16, 2005 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 S3,01050, 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 thu
<br />coveno n, contained in this deed ftrust, with interest on such disbursements.
<br />F] Variable Rate: "fhe interest rate on the obligation secured by this decd of trust may vary according to the terms of that obligation.
<br />A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed of trust and
<br />made a part hereof.
<br />RIDERS: ASSIGNMIiN I' OF RI4N'I'S
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iQtteched to this deed of trust and made a part hereof' has
<br />been disclaimed; the disclaimer is attached to this deed of trust and made a part hereof
<br />SIGNATURES: By signing below, Borrower agree to the terms and convenants eyyyggq twined in this deed of oat, including those no page
<br />2, and in any ri ersr Lebuvedl�rrpwer. �� _
<br />t G. �
<br />LESTER G RUSTED CINI (II 1S' ED
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COI:NI'Y SS'
<br />the foregoing instrument was acknowledged before me on 09/28/2002
<br />By LESTER G LUSTED and CINDY K I IUST ED, HUSBAND AND WIFE
<br />GENERAL NOTARY -Slate Of Nebraska
<br />My commission expires III PENNY HOLLOWAY
<br />My Gomm. Fay. May 10.2003 Notary Public)
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