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<br />
<br />DEED OF TRUST
<br />//.00
<br />PARTIES: This Deed of Trust is made on 03/29/2007 among, the Grantor, BRADLEY J ROWLEY and PATRICIA E ROWLEY, 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 SAVINGS ANb LOAN ASSOCIA nON 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: 1115 W DIVISION ST, Grand Island, Nebraska 68801
<br />
<br />LEGAL DESCRIPTION:
<br />
<br />Conunencing at a point on the Southerly line of Division Street which is 132 feet Westerly from the North East comcr of Lot One (I) in Block One Hundred Twenty-Four
<br />(124), in Koenig and Wiebe's Addition to Grand Island, Hall County, Nebraska, thence Southerly on a line pamUel with, and 66 feet Westerly from the Wcstcrly line of said
<br />Lot One (I), in block One Hundred Twenty-Four (124) in Kocnig & Wiebe's Addition to Grand Island, Hall County, Nebraska for a distance of 132 fect to the Southeasterly
<br />comer of Lot Three (3) in block One Hundred Twenty-Four (124) in said Koenig & Wiebe's Addition to Grand Island, Hall County, Nebraska; thence Westerly on a line
<br />parallel with the Southcrly line of Division Street for a distance of 66 feet; thence Northerly on a line parallel with and 132 feet Westerly ti'om the Westerly line of said Lot
<br />One (I), Block One Hundred Twenty-Four (124) in Kocnig & Wiebe's Addition to Grand Island, Hall County, Nebraska for a distance of 132 feet of the said Southerly line
<br />of Division Street, and thence along said Southerly line of Division Stree, for a distance of 66 feet to the place of beginning. Said above describcd prcmises being all of
<br />Fractional Lot Thrce (3), Block One Hundred Twenty-Four (124) in Koenig & Wiebe's Addition to Grand Isalnd, Hall County, Nebraska and patt of Lot Sixteen (16) of the
<br />County Subdvision of Southeast Qumter (SE 1/4) of thc Southwest Quarter (SWI/4) of Section Sixteen (16), in Township Eleven (II) NOIth of Range Nine (9) West of the
<br />6th P.M. and forming a rectangular tract of land have 66 feet front on Division Street by 132 feet in depth.
<br />
<br />Located in Hall County, Nebraska.
<br />TIfLE: 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 03/29/2007
<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 oftrust 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 ifmade on the date this deed oftrust is executed.
<br />
<br />The above obligation is due and payable on April 28, 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 $84,915.67, 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 oftrust 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 iOttached 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 convena~j:O~ed in this deed of trus.t, including those on page 2, and in
<br />
<br />"'Yrid"'d"27~:tn"'~t.oonw~. ~. .~ rz~
<br />
<br />BRADLEYJR~i ~ PATRICIAEROWLEY
<br />
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 03/29/2007
<br />By BRADLEY J ROWLEY and PATRICIA E ROWLEY,'.#ND ;~lWE _
<br />
<br />
<br />Myoomm;g:-=.:aJ .~ 1<, rr--
<br />
<br />(Notary Public)
<br />
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