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<br />DEED OF TRUST
<br />PARTIES: This Deed of Tmst is made on 10/15/2002 among, the Grantor, DAVID D MARSH AND JACQUELYN C MARSH, HUSBAND
<br />AND WIFE, AND ANDREW W MARSH AND ERIN A MARSH, HUSBAND AND WIFE, ( "Borrower"),
<br />AREND R BAACK, AT FORNEY, 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 o
<br />laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender "). V
<br />CONVEYANCE: For value received, Borrower irrevocably grants and conveys to 'Trustee, in trust, with power of sale, the real property, of t
<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, hereditmnents, privileges and any appurtenances thereunto belonging (all called the
<br />..properly "),
<br />PROPERTY ADDRESS: 206 -208 N CUSTER, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />LOT TWO (2), BLOCK TWENTY SIX (26), PACKER AND BARR'S SECOND (2ND) SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />Located in hall County, Nebraska.
<br />TITLE: Borrower conventions 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 decd of trust and the dates thereof.):
<br />■ A PROMISSORY NOTE AND SECURI "I'Y AGREEMENT DATED 10/15/2002
<br />B Future advances: The above amount is secured even though all or part of it may not yet he advanced. Future advances are
<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 of trust is executed.
<br />The above obligation is due and payable on January 13, 2003 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 $31,228.50, plus
<br />interest, plus any amounts disbursed under the terms of this deed of mist 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 treat 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 i2ttached to this deed of trust and made a pan hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed of treat 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 riders described above signed by Borrower. /
<br />VID D ARSH (r —�A /-
<br />M -ANDREW \ JMS
<br />� ARfH
<br />.7 CQUE C MAIRSH ERIN A MARSH
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 10/15/2002
<br />By DAVID D MARSH and ANDREW W MARSH,
<br />My commission expires:
<br />o -�3
<br />(Notary Public)
<br />Q GENERAL NOTARY -Stale pi Nebraska
<br />SHARON K KLEINT
<br />-+ t. My Comm. Exp. Dec 3, 2003
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