|
<br /> ~~! ~ ~ () , "'~".;)
<br /> ~ ...::...:.'._';.,p C':> Uc C=>
<br /> m :r: C.::::..:> 0 --4 I
<br /> i,~ ~ ~ c~
<br /> rn (I) ............... ( c:: :1> N
<br /> ,-._1>- c..--:> ,
<br /> Z n :I: :z: ~"1
<br /> n (""~ "" '.:-:J rr: c:l
<br /> ~ :~"j --i
<br /> ~ 0 (, --i
<br /> :c if", l."- -< C":,
<br /> ~ 1:::, rn ~ C) '.'~'~."''' ~) -" C)
<br />'" '><' ~, n (I) rv
<br /> "'- U1 "'q CT:l ar
<br />G ~ ::J: C~J \ ;,'.i,:.
<br /> ~'f',
<br />G T
<br />0') ""- ~ C'J ~;~ t.:J 0
<br />G ~.., ~ ~'1'1 ~\ "1) r- t' ~
<br /> ~ r"Tl ::3 CD
<br />CO <:::::., ~ r-~ ~ r 1::w-
<br />c.n (J) I, V) U1
<br />G <>-.. <.-, "-C) ~ N :;:><.
<br />N . , t- J.. c::> i
<br /> ~~ N --- ---
<br /> C> (j) N
<br /> ~' \'r) (j)
<br /> t,. ,..) ~
<br />
<br />
<br />
<br />DEED OF TRUST
<br />
<br />/ Cl..s-O
<br />PARTIES: This Deed of Trust is made on 10/16/2006 among, the Grantor, MICHAEL K BROWN and KARl D BROWN, HUSBAND AND
<br />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: 508 WEST AVENUE, Grand Island, Nebraska 68803
<br />
<br />LEGAL DESCRIPTION:
<br />
<br />Lot Twenty One (21), West Heights Second Addition to the 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 />. A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 10/16/2006
<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 />D 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 April 18, 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 $70,073.50, 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 />D Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terms of that obligation.
<br />D 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[;1ttached to this deed of trust and made a part hereof has
<br />D 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 convenan contained in this deed oHrust, including those on page
<br />2, and in any riders described above signed by Borrower.
<br />
<br />:~~~~
<br />MICHAEL K BROWN
<br />
<br />
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 10/16/2006
<br />By MICHAEL K BROWN and KARl D BROWN, HUSBAN AND WIFE
<br />
<br />My commission expires: ,5 -( 0 - 0 "1
<br />
<br />
<br />GBiRAL NOTARY. StlIt8 or
<br />USA R. MAYEA
<br />My eomm. Elcp. May 10, 2OlI7
<br />
<br />
<br />Notary Public)
<br />
|