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<br />DEED OF TRUST
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<br />PARTIES: This Deed of Trust is made on 10/10/2003 among, the Grantor, GREGORY D MEHRING AND MARLA R MEHRING,
<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, 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 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, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property ").
<br />PROPERTY ADDRESS: 408 W KOENIG ST AND 409 -411 N CEDAR ST, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />THE WESTERLY FIFTY -SIX (56) FEET OF LOT SEVEN (7), IN BLOCK NINETY -NINE (99) IN RAILROAD ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA, AND /ALSO:
<br />ALL OF THAT PART OF LOT FIVE (5), IN BLOCK THIRTY -FOUR (34), IN THE ORIGINAL TOWN, NOW CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA, DESCRIBED AS FOLLOWS: COMMENCING AT A POINT ON THE WESTERLY LINE OF SAID LOT
<br />FIVE (5), FIFTY -TWO (52) FEET SOUTH OF THE NORTHWEST CORNER OF SAID LOT FIVE (5); THENCE IN AN EASTERLY
<br />DIRECTION, PARALLELTO THE NORTH LINE OF SAID LOT FIVE (5), A DISTANCE OF FORTY -FOUR (44) FEET; THENCE IN A
<br />NORTHERLY DIRECTION AT RIGHT ANGLES, PARALLEL WITH THE WEST LINE OF SAID LOT FIVE (5), A DISTANCE OF
<br />TWELVE (12) FEET; THENCE IN AN EASTERLY DIRECTION, AT RIGHT ANGLES, PARALLEL TO THE NORTH LINE OF SAID
<br />LOT FIVE (5), A DISTANCE OF NINE (9) FEET; THENCE IN A NORTHERLY DIRECTION AT RIGHT ANGLES A DISTANCE OF
<br />FORTY (40) FEET TO THE NORTH LINE OF SAID LOT FIVE (5), PARALLEL WITH THE WESTERLY LINE OF SAID LOT FIVE (5);
<br />THENCE IN A WESTERLY DIRECTION, A DISTANCE OF FIFTY -THREE (53) FEET TO THE NORTHWEST CORNER OF SAID LOT
<br />FIVE (5); THENCE SOUTHERLY ALONG AND UPON THE WESTERLY LINE OF SAID LOT FIVE (5), A DISTANCE OF FIFTY -TWO
<br />(52) FEET TO THE POINT OF ACTUAL BEGINNING.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
<br />b UUKED 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 />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 10/10/2003
<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 />❑ 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 deed of trust is executed.
<br />The above obligation is due and payable on October 10, 2012 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 $29,260.95, 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 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 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 />UhMUNAI ION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iQttached 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 conv ants contained i is d / ed of trust, including those on page
<br />2, and in ap rl 'ders described abov by Borro er.
<br />GO MEHRING MARLA R MVHRING
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 10/10/2003
<br />By GREGORY D MEHRING and MARLA R MEHRING, HUSBAND AND WIFE
<br />My commission expires: Pe—c-, , 2, 1, 2'0 � "'l
<br />2�
<br />li GENERAL NOTARY -State of Nebraska Notary Public)
<br />CHRIS L. KASKIE
<br />My Comm. Up. Dec. 29, 2004
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<br />PARTIES: This Deed of Trust is made on 10/10/2003 among, the Grantor, GREGORY D MEHRING AND MARLA R MEHRING,
<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, 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 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, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property ").
<br />PROPERTY ADDRESS: 408 W KOENIG ST AND 409 -411 N CEDAR ST, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />THE WESTERLY FIFTY -SIX (56) FEET OF LOT SEVEN (7), IN BLOCK NINETY -NINE (99) IN RAILROAD ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA, AND /ALSO:
<br />ALL OF THAT PART OF LOT FIVE (5), IN BLOCK THIRTY -FOUR (34), IN THE ORIGINAL TOWN, NOW CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA, DESCRIBED AS FOLLOWS: COMMENCING AT A POINT ON THE WESTERLY LINE OF SAID LOT
<br />FIVE (5), FIFTY -TWO (52) FEET SOUTH OF THE NORTHWEST CORNER OF SAID LOT FIVE (5); THENCE IN AN EASTERLY
<br />DIRECTION, PARALLELTO THE NORTH LINE OF SAID LOT FIVE (5), A DISTANCE OF FORTY -FOUR (44) FEET; THENCE IN A
<br />NORTHERLY DIRECTION AT RIGHT ANGLES, PARALLEL WITH THE WEST LINE OF SAID LOT FIVE (5), A DISTANCE OF
<br />TWELVE (12) FEET; THENCE IN AN EASTERLY DIRECTION, AT RIGHT ANGLES, PARALLEL TO THE NORTH LINE OF SAID
<br />LOT FIVE (5), A DISTANCE OF NINE (9) FEET; THENCE IN A NORTHERLY DIRECTION AT RIGHT ANGLES A DISTANCE OF
<br />FORTY (40) FEET TO THE NORTH LINE OF SAID LOT FIVE (5), PARALLEL WITH THE WESTERLY LINE OF SAID LOT FIVE (5);
<br />THENCE IN A WESTERLY DIRECTION, A DISTANCE OF FIFTY -THREE (53) FEET TO THE NORTHWEST CORNER OF SAID LOT
<br />FIVE (5); THENCE SOUTHERLY ALONG AND UPON THE WESTERLY LINE OF SAID LOT FIVE (5), A DISTANCE OF FIFTY -TWO
<br />(52) FEET TO THE POINT OF ACTUAL BEGINNING.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
<br />b UUKED 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 />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 10/10/2003
<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 />❑ 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 deed of trust is executed.
<br />The above obligation is due and payable on October 10, 2012 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 $29,260.95, 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 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 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 />UhMUNAI ION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iQttached 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 conv ants contained i is d / ed of trust, including those on page
<br />2, and in ap rl 'ders described abov by Borro er.
<br />GO MEHRING MARLA R MVHRING
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 10/10/2003
<br />By GREGORY D MEHRING and MARLA R MEHRING, HUSBAND AND WIFE
<br />My commission expires: Pe—c-, , 2, 1, 2'0 � "'l
<br />2�
<br />li GENERAL NOTARY -State of Nebraska Notary Public)
<br />CHRIS L. KASKIE
<br />My Comm. Up. Dec. 29, 2004
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