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<br />DEED OF TRUST rJ ' e
<br />PARTIES: This Deed of Trust is made on 12/12/2002 among, the Grantor, THOMAS K REIMERS AND REBECCA L REIMERS,
<br />( "Borrower"),
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Be. 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 bust, with power of sale, the real propetty, of
<br />which Borrower is lawfully seized, described below and all buildings, fixtures, and existing and future improvements thereon mid 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: 202 PONDEROSA DR, GRAND ISLAND, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />LOT SIXTEEN (16) IN BLOCK ONE (1) PONDEROSA LAKES ESTATES THIRD SUBDIVISION, IN ']HE CITY OF GRAND ISLAND,
<br />HAIL. COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants and warrants title W the property, except for
<br />SECURED DEBT: This deed of trust sections 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 ender this deed of trust or under any instrument secured by this deed of bust, 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 />N A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 12/12/2002
<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 some 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 ogreeinent are contemplated and will he secured to the same extent as if made on the dale this deed oftrust Is executed.
<br />The above obligation is due and payable on March 17, 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 5100,055.50, 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 oftrust, with interest on such disbursements.
<br />❑ Variable Rate: The interest rate on the obligation secured by this decd oftrust may vary according to the terms ofthat obligation.
<br />❑ A copy oflhc loan agreement containing the terms under which the interest rate may vary is attached to this deed oftrust mid
<br />made a part hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF IIOMES'I HAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iWiticemed W [his deed of trust and made a pan hereof has
<br />❑ been disclaimed; the disclaimer is attached to this decd of trust and etude 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 />THOMAS K REIMERS boo y ✓RtE' B REI`11 RS �-
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COLN'I Y SS:
<br />The foregoing instrument was acknowledged before me on 12/122002
<br />By THOMAS K REIMERS and REBECCA I. REIMERS, QQ
<br />My commission expires:V t<kx— QsO
<br />BENEAAL NOTARY -Six[e of Neb(OM
<br />BAHBV D. BANDBTB
<br />3�POd5
<br />• i, M Z;I -tmy Public)
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