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DEED OF TRUST <br />PARTIES: This Deed of Trust is made on 10/02/2002 among, the Grantor, RYAN L STEFFEN AND MICHELLE R STEFFEN, HUSBAND <br />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 ( "Lender "). <br />CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real property, of \,Ip, <br />which Borrower is lawfully seized, described below and all buildings, fixtures, and existing and future improvements thereon and all rights -of- c'f <br />way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the <br />"property„). <br />PROPERTY ADDRESS: 506 N WEBB RD, GRAND ISLAND, Nebraska 68803 <br />LEGAL DESCRIPTION: <br />PART OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER (NE1 /4SE1 /4) OF SECTION THIRTEEN (13), IN TOWNSHIP <br />ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: <br />BEGINNING AT A POINT ON THE EAST LINE OF THE SOUTHEAST QUARTER (SE1 /4) OF SECTION THIRTEEN (13), IN <br />TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., SUCH POINT BEGINNING 1895.0 FEET NORTH OF <br />THE SOUTHEAST CORNER OF SAID QUARTER SECTION, RUNNING THENCE WEST AT RIGHT ANGLES TO THE EAST LINE OF <br />SAID QUARTER SECTION 290.0 FEET, RUNNING THENCE SOUTH PARALLEL TO THE EAST LINE OF SAID QUARTER SECTION <br />142.55 FEET, THENCE DEFLECTING 90 DEGREES TO THE LEFT AND RUNNING 290.0 FEET TO THE EAST LINE OF SAID <br />QUARTER SECTION, RUNNING THENCE NORTH ALONG THE EAST LINE OF SAID QUARTER SECTION 142.55 FEET TO THE <br />POINT OF BEGINNING, ALL IN HALL COUNTY, NEBRASKA AND EXCEPTING THEREFROM A TRACT OF LAND MORE <br />PARTICULARLY DESCRIBED IN WARRANTY DEED RECORDED AS DOCUMENT NO. 94- 108114. <br />Located in Hall County, Nebraska. <br />TITLE: Borrower convenants and warrants title to the property, except for <br />SECURED DEBT: This deed of trust secures to Lender repayment of the secured debt and the performance of the convenants and agreements <br />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 <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 />® A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 10/02/2002 <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 of this deed of trust 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 October 20, 2007 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 $10,516.84, 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 of trust, with interest on such disbursements. <br />❑ Variable Rate: The interest rate on the obligation secured by this deed 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: ASSIGNMENT OF RENTS <br />DESIGNATION OF HOMESTEAD <br />Pursuant to the Farm Homestead Protection Act, designation of homestead i❑Ittached 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 contained in this deed of trust, including those on page <br />2, and in any rid s describ ve A ted b—y "Borrower. <br />C <br />Rl L STEF N MICHELLE. R STE EN <br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: <br />The foregoing instrument was acknowledged before me on 10/02/2002 <br />By RYAN L STEFFEN and MICHELLE R STEFFEN, HUSBAND AND WIFE <br />My commission expires: C-e • 2 ei G `i �J <br />\� � ) r� � ,-, ",�, (Notary Public) <br />III GENERAL NOTARY-State of Nebraska <br />CHRIS L. KASKIE <br />My Comm. Up. Dec. 29, 2004 <br />� <br />•� <br />x a <br />rn <br />=i <br />t i <br />" <br />A <br />=' <br />- rn <br />o <br />_ <br />—{ <br />rte. <br />° <br />l� <br />CO <br />CD <br />co <br />W <br />CD <br />CO <br />(-D <br />cf) <br />V <br />9 <br />DEED OF TRUST <br />PARTIES: This Deed of Trust is made on 10/02/2002 among, the Grantor, RYAN L STEFFEN AND MICHELLE R STEFFEN, HUSBAND <br />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 ( "Lender "). <br />CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real property, of \,Ip, <br />which Borrower is lawfully seized, described below and all buildings, fixtures, and existing and future improvements thereon and all rights -of- c'f <br />way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the <br />"property„). <br />PROPERTY ADDRESS: 506 N WEBB RD, GRAND ISLAND, Nebraska 68803 <br />LEGAL DESCRIPTION: <br />PART OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER (NE1 /4SE1 /4) OF SECTION THIRTEEN (13), IN TOWNSHIP <br />ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: <br />BEGINNING AT A POINT ON THE EAST LINE OF THE SOUTHEAST QUARTER (SE1 /4) OF SECTION THIRTEEN (13), IN <br />TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., SUCH POINT BEGINNING 1895.0 FEET NORTH OF <br />THE SOUTHEAST CORNER OF SAID QUARTER SECTION, RUNNING THENCE WEST AT RIGHT ANGLES TO THE EAST LINE OF <br />SAID QUARTER SECTION 290.0 FEET, RUNNING THENCE SOUTH PARALLEL TO THE EAST LINE OF SAID QUARTER SECTION <br />142.55 FEET, THENCE DEFLECTING 90 DEGREES TO THE LEFT AND RUNNING 290.0 FEET TO THE EAST LINE OF SAID <br />QUARTER SECTION, RUNNING THENCE NORTH ALONG THE EAST LINE OF SAID QUARTER SECTION 142.55 FEET TO THE <br />POINT OF BEGINNING, ALL IN HALL COUNTY, NEBRASKA AND EXCEPTING THEREFROM A TRACT OF LAND MORE <br />PARTICULARLY DESCRIBED IN WARRANTY DEED RECORDED AS DOCUMENT NO. 94- 108114. <br />Located in Hall County, Nebraska. <br />TITLE: Borrower convenants and warrants title to the property, except for <br />SECURED DEBT: This deed of trust secures to Lender repayment of the secured debt and the performance of the convenants and agreements <br />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 <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 />® A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 10/02/2002 <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 of this deed of trust 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 October 20, 2007 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 $10,516.84, 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 of trust, with interest on such disbursements. <br />❑ Variable Rate: The interest rate on the obligation secured by this deed 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: ASSIGNMENT OF RENTS <br />DESIGNATION OF HOMESTEAD <br />Pursuant to the Farm Homestead Protection Act, designation of homestead i❑Ittached 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 contained in this deed of trust, including those on page <br />2, and in any rid s describ ve A ted b—y "Borrower. <br />C <br />Rl L STEF N MICHELLE. R STE EN <br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: <br />The foregoing instrument was acknowledged before me on 10/02/2002 <br />By RYAN L STEFFEN and MICHELLE R STEFFEN, HUSBAND AND WIFE <br />My commission expires: C-e • 2 ei G `i �J <br />\� � ) r� � ,-, ",�, (Notary Public) <br />III GENERAL NOTARY-State of Nebraska <br />CHRIS L. KASKIE <br />My Comm. Up. Dec. 29, 2004 <br />