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<br />DEED OF TRUST
<br />
<br />
<br />
<br />/0'50
<br />PARTIES: This Deed of Trust is made on 01/05/2007 among, the Grantor, ADAM D GRUPE and HEATHER MEYER, BOTH SINGLE
<br />PERSONS ("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 VlNOSAND tOAN ASSOCIATION OF GRAND ISLAND, a corporation organized arid 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: 7500 N SKYPARK RD, Grand Island, Nebraska 68801
<br />
<br />LEGAL DESCRIPTION:
<br />
<br />Part of the Northeast Quarter (NE1/4) of Section Ten (10), Township Twelve (12) North, Range Nine (9) West of the 6th P.M., Hall County,
<br />Nebraska more particularly describe as follows: Beginning at the Southeast comer of the NEl/4 of said Section Ten (10); thence running West
<br />along and upon the South line of the NE 1/4 of said Section Ten (10), a distnace of 180 Feet; running thence North on a line parallel to the East
<br />section line of said Section Ten (10), a distnace of 104 feet; running thence East on a line parallel to the South line of hte NE 1/4 of said Section
<br />Ten (10), a distnace of 180 feet; thence South along and upon the East line of said Section Ten (10), a distance of 104 feet to the point of the
<br />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 01/05/2007
<br />
<br />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 February 04, 2007 if not paid earlier.
<br />The total unpaid balance secured by this deed of trust at anyone time shall not exceed a maximum principal amount of $30,893.00, 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 oftrust and
<br />made a part hereof.
<br />
<br />RIDERS: ASSIGNMENT OF RENTS
<br />
<br />! '
<br />
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead i[:1ttached to. this deedoftrust 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 m any rib, vo ';gn,d by B."nwo<, ~ ilL
<br />
<br />" . " f I fjjtv
<br />
<br />HEA' ER MEYER
<br />
<br />
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 01/05/2007
<br />By ADAM D GRUPE and HEATHER MEYER, BOTH SINGLE PERSONS
<br />
<br />ANTHONY R. CHAPMAN
<br />My Comm. Exp. March 24, 2007
<br />
<br />,kJ f{ !f--
<br />
<br />(Notary Public)
<br />
<br />My comm' . .
<br />
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