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<br />
<br />CRUST
<br />
<br />PARTIES: This Deed of Trust is made on May 22,2006 among the Grantor, JAMES B STEVENSON AND_."..
<br />DIANE L STEVENSON, HUSBAND AND WIFE (HBorrower"), AREND R BAACK, ATTORNEY, whose-~
<br />residence address is P. O. Box 790, Grand Island, Hall County, Nebraska (HTrustee"), and the Beneficiary, HOME
<br />FEDERAL SA VINGS AND LOAN ASSOCIA nON OF GRAND ISLAND, a corporation organized and existing
<br />under the laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND,
<br />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: 418 CAREY ST (and 1800 W Rainforth Rd-Doniphan), GRAND ISLAND, NE 68801
<br />
<br />LEGAL DESCRIPTION:
<br />
<br />PARCEL #1: 418 CAREY ST - GRAND ISLAND, NE 68801
<br />LOTS SIXTY-NINE (69) AND SEVENTY (70), IN BELMONT ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA, ACCORDING TO THE RECORDED PLAT THEREOF.
<br />
<br />PARCEL #2: 1810 W RAINFORTH RD - DONIPHAN, NE 68832
<br />LOT ONE (1), HOLLISTER SUBDIVISION, HALL COUNTY, NEBRASKA.
<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 May 22, 2006.
<br />
<br />1'1 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 January 01,2007, 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 $42,000.00, 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: None
<br />
<br />DESIGNA nON OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iC1ttached 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 oftrust, including those on page
<br />2, and in rid.... d."rib ab.v..ign" by Borr.w..... ~, ~
<br />
<br />(lJ.cCl ~ Y?('./24a~
<br />DIANE L ST ENSON
<br />
<br />
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on May 22, 2006
<br />By JAMES B STEVENSON AND DIANE L STEVENS~ANDIf'N![!:
<br />My commlSSlOn explres: It.
<br />
<br />Iit6Al NOTARY. StIlt ~ NebraIkt .
<br />ANTHONY R. CHAPMAN
<br />My Comm. Exp. Uan:h 24, 2007
<br />
<br />(Notary Public)
<br />
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