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<br />o rtl <br />::3 <br />Nett <br />o[ <br />~~ <br />05' <br />CT)~ <br />~3 <br />CD <br />(f> 0') ::J <br />(f> ... <br />200606336 ~ <br /> <br />PARTIES: This Deed ofTrust is made on 07/12/2006 among, the Grantor, SCOTT L DUBBS and, A SINGLE PERSON ("Borrower"), /0'..5-0 <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 ASSOCIA TlON OF GRAND ISLAND, a corporation organized and existing under the <br />laws of NEBRASKA whose address is 221 SOUTH L-oCUST 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: 4207 PENNSYLVANIA AVENUE, Grand Island, Nebraska 68803 <br /> <br />~ <br />t) <br /> <br />~ <br />~ <br />t <br /> <br />;0 <br />m <br />"TI <br />C <br />n Z <br />n (.1 <br />~ > ~!'l <br />n(l') <br />;'li;:I:: <br /> <br />Q~ <br />m (I') <br />n:t <br />'" <br /> <br />J"~ <br />~::::':;:) <br />C':':.'::) <br /><:::r.> <br /> <br />o U> <br />0-4 <br />c::t> <br />Z-4 <br />-4m <br />-<0 <br />o ." <br />T1 :<~ <br />~"I: rT1 <br />l> [D <br />r ;;0 <br />r l> <br />(f) <br />;;0::: <br />l> <br />--- <br /> <br />"::~:(l. <br />::0 ,. f"::'l .,\" <br />r"l1 h- <br />c..) '1'""""--- <br />~'~ <br />..,., <br /> <br />c....... <br />= <br />r- <br /> <br />~ <br />-...J <br /> <br />N <br />cS <br />cS <br />0> <br />cS <br />0> <br />W <br />W <br />0> <br /> <br />~ <br /> <br />co tk <br />~ r <br /> <br />::D <br />::3 <br /> <br />~ <br />~ <br /> <br />en <br />-..J <br /> <br />DEED OF TRUST <br /> <br />LEGAL DESCRIPTION: <br /> <br />LOT TWELVE (12) BLOCK ONE (1 ) CAPITAL HEIGHTS SUBDIVISION, CITY OF GRAND ISLAND, 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 />III A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 07/12/2006 <br /> <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 /> <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 08,2007 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 $79,147.69, 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 iUttached 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 /> <br />ree to the terms and convenants contained in this deed of trust, including those on page <br />Borrower. <br /> <br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: GENaw.NOTARY~StaleOfNeblllSka <br />The foregoing instrument was acknowledged before me on 07/12/2006 USA A. MAYER <br />By SCOTT L DUBBS and , A SINGLE PERSON I MvComm. Exp. May 10, 2007 <br /> <br />My ,ommi,mon oxpi",,) ':'(j f 0, liJO? ~J!/iJ1J2Jl!lf:f <br />\/'T - <br /> <br /> <br />(Notary Public) <br />