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<br />DEED OF TRUST
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<br />PARTIES: This Deed of Trust is made on 11/26/2002 among, the Grantor, ROLAND REYNOLDS AND LUELLA M REYNOLDS,
<br />(HUSBAND AND WIFE)( "Borrower "),
<br />AREND R BAACK, ATTORNEY, wbose residence address is 13. 0. Be. 790, Grand Island, Hall County, Nebraska ( "'Trustee "), and the
<br />Dane -fu,n p, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF URAN: ISLAND, a cotpoinubm organiud and esisring 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 grunts 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, heredimments, privileges and any appurtenances thereunto belonging (all called the
<br />..property').
<br />PROPERTY ADDRESS: 239 S LAKESIDE DRIVE, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />���pp�I[�� NO. TWO (2),
<br />LOT ELEVEN (11) HIDDENAiM 'UBDIVISION, HALL COUNTY, NEBRASKA , BEING A PART OF 'THE SOUTHEAST
<br />QUARTER OF TIIE NORTHEAST QUARTER (SEI /4NE1/4) A "'o PART OF THE NORTH HALF OF TILE NORTHEAST
<br />QUARTER OF THE SOUTHEAST QUARTER (N1 /2NE1 /4SE1 /4) OF SECTION THIRTEEN (13), TOWNSHIP ELEVEN (11)
<br />NORTH, RANGE NINE (9) WEST OF THE 6TH Y.M., HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower encomiums 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 eonvenants and agreements
<br />contained in Ibis deed of mist 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 it 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 />M A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 11/26/2002
<br />® Future advances: The above amount is secured even though all or pan 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 dale this deed of trust is executed.
<br />The above obligation is dire and payable on January 29, 2003 if not paid earlier.
<br />She total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $14,05550, plus
<br />interest, plus any amounts disbursed under the terms of Nis 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 deed oftrust may vary according to the terns of that 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 iQuached to this deed of trust and made a part hereof bus
<br />❑ been disclaimed; the disclaimer is attached to this deed oftmst and made a part hereof.
<br />SIGNATUR .S y signing Imy D mower agree to the terms and couvenuuts contained in this deed of trust, including those on page
<br />2, antl iyyy'''aoy ri ors scrib a ve rgned by Borrower. i
<br />i
<br />AND L ELLA M REYNOLDS;J
<br />ACKNOWLEDGMENT: SEA "IF, OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 11/26/2002
<br />By ROI.AND REYNOLDS and LUELLA M REYNOLDS -
<br />GENEOALiJOIARY -8az�
<br />My commission expires: III PENNY HULLOWAV
<br />My CDaIlmfm/.i'.FxD, say in, 2000 (Notary Public)
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