|
<br />~
<br />r.
<br />~
<br />~-
<br />~,
<br />
<br />DEED OF TRUST
<br />
<br />200602714
<br />
<br /> :lO n n ("'-..) ~I
<br /> c:.~:) o (f)
<br /> m :c ~ I.~-:'>
<br /> "T1 =:> o -i
<br /> m >l. c::J>
<br /> C n :c =3 z-i
<br /> Z ~'
<br />n '" ~ ' = -irTl
<br />::J: n (.;:J rn '... = -<0
<br />:> Ul c."""') f-" c:>Gr
<br />n1 o~ N 0"
<br />() Ul CD ""'z
<br />^ :r: -.., ~I
<br /> () C-..J "ti, :r. Pl
<br /> fT1 ~ " ::0 J> co
<br /> fTl 3 .- ;::0
<br /> 0 ~ .- J>
<br /> ifl t---" (f)
<br /> t- t---" ;::w,;
<br /> P
<br /> N --
<br /> ..J:: (f) ....cz
<br /> (f) 0
<br />
<br />I\.)
<br />S
<br />S
<br />Q')
<br />S
<br />I\.)
<br />-.,J
<br />-->.
<br />+:>.
<br />
<br />PARTIES: This Deed of Trust is made on 02/24/2006 among, the Grantor, GORDON C WALES and MARGARET A WALES, HUSBAND
<br />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 SA VfNCiS 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: 3030 N ST PAUL ROAD, Grand Island, Nebraska 68801-3101
<br />
<br />LEGAL DESCRIPTION:
<br />
<br />PART OF THE NORTH FIFTEEN (IS) ACRES OF THE NORTH HALF OF THE SOUTHEAST QUARTER OF THE NORTHEAST
<br />QUARTER (NI/2 SEI/4 NEI/4)OF SECTION FOUR (4) IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH
<br />P.M., HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT 118.0 FEET
<br />NORTH OF THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER (NEl/4) OF SAID SECTION FOUR (4); RUNNING THENCE
<br />WEST 1320.0 FEET TO AN IRON PIN, THENCE SOUTH 198.0 FEET TO AN IRON PIN, THENCE EAST 528.0 FEET TO AN IRON PIN,
<br />THENCE NORTH 110.0 FEET TO AN IRON PIPE, THENCE EAST 792.0 FEET TO THE SECTION LINE, THENCE NORTH ALONG
<br />SAID SECTION LINE 88.0 FEET TO THE PLACE OF BEGINNING.
<br />
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
<br />
<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 />
<br />II A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 02/24/2006
<br />
<br />I!II 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 />
<br />o 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 />
<br />The above obligation is due and payable on September 05, 2009 ifnot paid earlier.
<br />The total unpaid balance secured by this deed of trust at anyone time shall not exceed a maximum principal amount of $9,761.51, 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 />o Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terms of that obligation.
<br />o 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 />
<br />RIDERS: ASSIGNMENT OF RENTS
<br />
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead i[lttached to this deed of trust and made a part hereof has
<br />o been disclaimed; the disclaimer is attached to this deed of trust and made a part hereof.
<br />
<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 above signed by Borrower.
<br />
<br />~~Th~--a
<br />GORDON C WALES
<br />
<br />~A1-:a/~
<br />MA RET A WALES
<br />
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: GENERALNOTARY.SlalIDfNebnlSkl
<br />The foregoing instrument was acknowledged before me on 02/24/2006 ANTHONY FL CHAPMAN
<br />By GORDON C WALES ,nd MARGARET A WALES. HUSBAND AM ;e. ~ _~~ _:.......-....
<br />
<br />
|