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<br />200212983
<br />DEED OF TRUST
<br />PARTIES: This Deed of Trust is made on 11/14/2002 among, the Grantor, DAVID G DUBBS AND PATRICIA ANN DUBBS, 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 theQ,
<br />Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the
<br />laws ofNEBRASKA 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
<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, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />`property').
<br />PROPERTY ADDRESS: 2521 N 150TH RD, CAIRO, Nebraska 68814
<br />LEGAL DESCRIPTION:
<br />LOT ONE (1), DUBBS SECOND SUBDIVISION IN HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenient, 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 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 oftrust 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 />0 A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 11/14/2002
<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 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 if made on the date this deed oftrust is executed.
<br />The above obligation is due and payable on November 25, 2011 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 $11,737.43, plus
<br />interest, plus any amounts disbursed under the terms of this deed oftrust W protect the security ofthis deed oftrust or to perform any of the
<br />covenants contained in this deed oftrust, with interest on such disbursements.
<br />C] Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms ofthat obligation.
<br />F-1 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 idttached 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 couv to contained in this deed of trust, including those on page
<br />2, and in any riders described above signed by Borrower.
<br />l/Ll/!/Ln�✓V? /�'�/'� i e '�y2�'t- iVA /1'f -Gn�L_
<br />DAVID G DUBBS PATRICIA ANN DUBBS
<br />ACKNOWLEDGMENT: STA'L'E OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 11/14/2002
<br />By DAVID G DUBBS and PATRICIA ANN DUBBS, HUSBAND AND WIFE
<br />My commission expires: t?2 Zc� uO`,' /J / v
<br />1 11/1 ' a /Y' (Notary Public)
<br />III SENERAL NOTARY -State of Nebraska
<br />CHRIS L. KASKIE
<br />By Comm. Exp. 0m 29, 2004
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