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<br />DEED OF TRUST
<br />PARTIES: This Deed of Trust is made on 12/13/2002 among, the Grantor, SAUL L ENGLES AND VANESSA ENGLES, (HUSBAND AND
<br />WIFE) ( "Borrower"),
<br />AREND R HAACK, A19'ORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska C'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 SOUTI I LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 ( "Lender ").
<br />CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of xale, 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 -ef-
<br />way, easements, rents, issues, profits, income, tenements, hereditamcnts, privileges and any app rcurances thereunto belonging (all called the
<br />,•properly ").
<br />PROPERTY ADDRESS: 903 W 4TH S'I', GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />THE NOR 'I'I I h:IGHTY SEVEN FEET (87') OF LOT ONE (1), BLOCK NINETEEN (19), ROLLINS ADDITION, Cl I Y OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />Located in I [all County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the properly, 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 />'['he 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 12/132002
<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 normal interest rate of
<br />All amounts owed wider this agreement are secured even though all w rowrts 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 bust is executed.
<br />l'he above obligation is due mid payable on December 15, 2010 if not paid outlier.
<br />The total unpaid balance secured by this deed of must at any one time shall not exceed a maximum principal amount of $18,531.33, plus
<br />interest, plus any amounts disbursed under the terms of this deed of trust to protect the security of this dead 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 nfthst 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 pmt hereof.
<br />RIDERS: ASSIGN MF:NT OF RENTS
<br />D17STONATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iQmached to this deed of trust and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed of trust 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 it, my riders described above sign¢ by Burrower.
<br />L� iV i, C \U C/Ft " .- ,I lE S
<br />SAUL L ENGLES �— VANESSA ENGLES
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 12/132002
<br />By SAUL L ENGLES a ad VANESSA ENGLES, 6t YuiilL LmdaY ai "ass:.
<br />III PENNY HOLLOWAY
<br />My commission expires: My Camm. Fxb May 10 2003
<br />olwY Public)
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