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<br />DEED OF TRIIS'I
<br />PARTIES: This Deed oftrust is made on 11/1412002 among, the Grantor, DAVID V CHMELKA AND CAROLYN K CHMELKA,,
<br />HUSBAND AND WIFE ( "Borrower "),
<br />AREND R HAACK, ATTORNFY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the
<br />Beneficiary, IIOME FEDERAL SAV INGS AND LOAN ASSOCIA'T'ION OF GRAND ISLAND, a corporation organized and existing under the
<br />laws ofNBBRASKA 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, isaues, profits, income, tenements, hereii iron s, privileges and any appurtenances thereunto belonging (all called the
<br />,,property "),
<br />PROPERTY ADDRESS: 3030 W 15TH ST, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />A'I'RACT OF LAND COMPRISING THE WESTERLY FIFTY SIX (56) FEET OF LOT SIX (6)• FRANZEN SUBDIVISION, A REPEAT OF
<br />LOT TWENTY ONE (21), ISLAND ACRES, CITY OF GRAND ISLAND HALL COUNTY STATE OF NEBRASKA
<br />Located in Hall County, Nebraska.
<br />TITLE: Rorrower convenants and warrants title to the property, except for
<br />SF.CWiED DEBT: This deed of lruri secures to Lender repayment fthe secured debt and the performance of the convareals and agreements
<br />contained in this deed of trust and in any other document incorporated herein. Secured debt, as used in this deed oftrust, includes any almunts
<br />Borrower owes to Lender under this deed of trust or under may instrument secured by Ibis deed of trust, and all modifications, extensions and
<br />renewals thereof.
<br />The secured debt is evidenced by (List 01 instruments and agreements secured by this deed of trust and the dales thereof)-
<br />E 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 we
<br />contemplated and will be secured to the same extent as facade on the date of this deed oftrust is executed.
<br />❑ Revolving line of credit agreement dated , with initial mutual interest rate Of_ %
<br />All amounts owed under this agreement ere secured even though all amounts may not yet be advanced. Future advances under
<br />the agreement are contcmplated and will be secured to the same extent as ifmadc on the date this deed oftrust is executed.
<br />'Do above obligation is due and payable on November 20, 2012 if not paid earlier.
<br />The total unpaid balance secured by this deed of trust at anyone lime shall not exceed a maxiumna principal amount of $64,914.38, 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 die
<br />covenants contained in this deed of trust, with interest on such disbursements.
<br />Ej Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms of that obligation.
<br />A copy Of the lean agreement containing tae terms under which the interest rate may vary is attached to this deed oftrust 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 idtesched to this deed of trust and nhade a part hereof has
<br />El been disclaimed; the disclaimer is attached to this deed of trust and made a pan hereof.
<br />SIGNAT'U JIES: By signing Belo .gjymower agree in [he terms and conven is contained in this deed at trust, i eluding those on page
<br />2, and in a riders d cube ove ylgned by Borrower.
<br />D VID V CHMELKA CA LYN KCHMF.LKA —
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA,F
<br />Ill. foregoing instrument was acknowledged b
<br />By DAVID V CHMELKA and CAROLCY6N /—K
<br />My commission expires.
<br />SUNDIAL NOTARY -Stale of NeGaska
<br />III PATSY A KALKOWSKI
<br />My Comm. Eat. Apr0 24. 2003
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