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<br />DEED OF TRUST N
<br />PARTIES: This Deed of Trust is made on 12/12/2002 among, the Grantor, DOUGLAS A BOIFRSILN AND ANGELA M BOERSEN,
<br />HUSBAND AND WIFE (`Borrower "),
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, hall County, Nebraska ( "Trustee "), and the
<br />Beneficiary, I IOMF. FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized mid 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 trust, with power of sale, the real properly, 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, hcredilxmcnts, privileges and any appurtenances thereinto belonging (all called the
<br />`property ").
<br />PROPERTY ADDRESS: 811 E 13'1'[IS 1, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />1,01 THREE (3), BLOCK THREE (3), GEORGE LOAN'S SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<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 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 />Borruwer 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 />The secured debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof):
<br />0 A PROMISSORY NOTE AND SECURITY AGREEMENT DATED [2/12/2002
<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 same extent as if made on the date of this deed oftrust is executed.
<br />❑ Revolving line oferedit 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 decd oftrust is executed.
<br />I he above obligation is due and payable on January 05, 2008 ifnot 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 $11,580.50, plus
<br />interest, plus any amounts disbursed under the terms of this deed of tmst 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 />E] Variable Rate: The interest rate on the obligation secured by this deed oftrust may vary according to the terms ofthat obligation.
<br />F-1 A copy ofthe loan agreement containing the terns under which the interest rate may vary is attached to this deed oftrust and
<br />made a part hereof
<br />RIDERS: ASSIGNMENT OF RENTS
<br />Pursuant to the Fam Homestead Protection Act, designation of homestead idttached to this deed of trust and made a part hereof has
<br />been disclaimed; the disclaimer is attached to this deed oftrust mid made a pmt 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 ride esor ibed above signed by Burrower. '. L� /� Q V 0.
<br />DOUGLAS A BORUSEN LA M BOERSEN
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />the foregoing instrument was acknowledged before me on 12/12/2002
<br />By DOUGLAS A BOERSEN and ANGELA M BOERSEN, HUSBAND AND WIFE
<br />My commission expires:
<br />(Notary Puhlic)
<br />0 GEN=StRW
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