|
DEED OF TRUST
<br />M
<br />M
<br />n
<br />O
<br />...�
<br />z D
<br />C
<br />M
<br />M Cn w
<br />M D cn
<br />!{ r CD
<br />CA
<br />C)
<br />CAD
<br />< , ,
<br />CL
<br />r
<br />O
<br />^ M �J
<br />"1
<br />p
<br />v�
<br />~,
<br />co
<br />N
<br />W
<br />-r
<br />N
<br />C
<br />Co
<br />C)
<br />O
<br />4
<br />C) —+
<br />M
<br />-� rT'
<br />C)
<br />CAD
<br />< , ,
<br />CL
<br />r
<br />O
<br />J
<br />~,
<br />W
<br />-r
<br />N
<br />C
<br />D
<br />W
<br />CD
<br />cr)
<br />CO
<br />CI)
<br />a �F
<br />Z
<br />O
<br />PARTIES: This Deed of Trust is made on 12/08/2003 among, the Grantor, JAMES RODENBAUGH AND ARLENE RODENBAUGH,
<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: 940 N. CHERRY STREET, GRAND ISLAND, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />THE NORTH FIFTY FEET (N. 50') OF THE SOUTH TWO HUNDRED FORTY -NINE FEET (S.249') OF LOT TWENTY -FIVE (25),
<br />COUNTY SUBDIVISION OF THE WEST HALF OF THE SOUTHWEST QUARTER (Wl /2 SW 1/4) OF SECTION TEN (10), TOWNSHIP
<br />ELEVEN (11) NORTH, RANGE NINE (9), WEST OF THE 6TH P.M., IN HALL COUNTY, 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 />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 12/08/2003
<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 />❑ 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 date this deed of trust is executed.
<br />The above obligation is due and payable on December 15, 2008 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 $16,791.02, 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 />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iUttached 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 in any riders described a ove si ned by B rrower.
<br />J OWS i1ODEN_B_A`UM1 ARLENE RODENBAUGH
<br />BENERAI. NOTARY - State of Nebraska
<br />LISA R. MAYER
<br />My Comm. Exp. May 10, 2007
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 12/08/2003
<br />By JAMES RODENBAUGH and ARLENE RODENNo BAUGH, HUSBAND AND WIFE
<br />My commission expires: U)
<br />Notary Public)
<br />
|