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<br />DEED OF TRUST
<br />PARTIES: This Deed of Trust is made on 12/13/2002 among, the Grantor, GERALD L HENN AND MARY K HENN, HUSBAND AND
<br />WIFE ( "Borrower'),
<br />AREND R HAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska (` Traloe"), 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 (`Tender').
<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, rants, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property").
<br />PROPERTY ADDRESS: 2124 N WHEELER, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />ED] THREE (3) OF CASEY SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />TITLE: Burrower 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 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 decd of trust, 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 12/13/2002
<br />® Full advances: The above amount N secured even though all or Part of it may nut yet be advanced. Future advances are
<br />contemplated and will be secured to the same extent as if made on the date ofthis used oftrust ex executed.
<br />❑ Revolving line of credit agreement dated - with initial annual 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 contemplated and will be secured to the lame extent us if made on the date this deed of bust is exeoated.
<br />The above obligation is due and payable on December 20, 2010 if not paid earlier.
<br />The total unpaid bulance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $4,660.50, 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 oftrust, with interest oa such disbursements.
<br />❑ Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms oflhal obligation.
<br />E] A copy of the Ivan agreement containing the tams under which the interest rate may vary is attached to this deed of must 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 iClnached 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, Burrower agree to the terms and constraints contained in this decd of trust, including those on page
<br />2, and in any riders described above signed by Borrower.
<br />GERALD HENN RYKHENN
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 12/13/2002
<br />By GERALD LHENN and MARY KHENN, HUSBAND AND WIFE
<br />My commission expires: '� �" r
<br />omry Public)
<br />A GENERAL NDTAAV -State of Nahraslz
<br />III SHARON K KLEINT
<br />My Crania I'D. Dec 3, 2003
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