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200213902
<br />DEED OF TRUST
<br />PARTIES: This Decd of Trust is made on 11/29/2002 among, the Grantor, GARY G PIEL AND PEGGY M PIEL, (HUSBAND AND WIFE)
<br />(' BorroweP ),
<br />AREND R HAAC:K, ATTORNEY, whose residence address is P. O. Box 790, Crmnd Island, Hall County, Nebraska (' Trusted' ), 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 (' LeadeP ).
<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 furore 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 />..properly, ).
<br />PROPERTY ADDRESS: 2226 COCHIN STREET, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />ALL OF LOT THIRTEEN (13) AND A PART OF LOT FOURTEEN (14) IN THE RE- SUBDIVISION OF BLOCK FOUR (4), SECOND
<br />ADDITION TO HOLCOMB'S HIGHWAY HOMES SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA,
<br />TI IAT PART OF SAID LOT 14, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE IRON STAKE
<br />WHICH MARKS THE COMMON CORNER OF COCHIN STREET OF LOTS 13 AND 14, THENCE IN A SOUTHWESTERLY
<br />DIRECTON ALONG THE COMMON LINE BETWEEN SAID LOTS TO A STAKE WHICH MARKS THE COMMON CORNER OF LOTS
<br />13, 14, 16, 2 AND 3; THENCE IN A NORTHEASTERLY DIRECTION TO A POINT WHICH WOULD BE 95.0 FEET SOUTHWESTERLY
<br />ALONG THE COMMON LINE BETWEEN SAID LOTS 13, 14, AND 20 FEET NORTHWESTERLY Al ' RIGHT ANGLES TO SAID LOT
<br />LINE; THENCE NORTHEASTERLY A DISTANCE OF APPROXIMATELY 95.0 FEET ON A LINE PARALLEL WITH SAID COMMON
<br />LINE BETWEEN SAID LOTS 13 AND 14 TO A POINT WHERE SAID LINE INTERSECTS WITH COCHIN STREET; THENCE
<br />SOUTHEASTERLY ALONG THE CURVED LINE SEPARATING SAID LOT 14 AND COCHIN STREET, A DISTANCE OF
<br />APPROXIMATELY 20.0 FEE'P'1'O'fHE PLACE OF BEGINNING.
<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 converants 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 must, 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 11/29/2002
<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 December 15, 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 $15,018.00, plus
<br />interest, plus any amounts disbursed under the terns 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 oftmst may vary according to the terms offhat 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 iQb.ched to this deed of mist and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed of trust and made a part hereof.
<br />S IGNATURESi y signing be N, Burrygt r gree to the terms and convenarrts el fined in this deed of trust, inch, ing th se on page
<br />2, and in any d Fs descrI ove s od Borrower. i- /
<br />j� %
<br />GARY G P L PEGGY D X L
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 11/29/2002
<br />By GARY G PIEL and PEGGY M PIEL, GENERAL !(d 117 c, Itc of IA ursnb
<br />III PENNY HOLLOWAY
<br />My commission expires: By Comm. Exp. Nay 74 2uo3
<br />m.
<br />(Notary Public)
<br />11 Jn�
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