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<br /> (Page 1 of 6)
<br />
<br />
<br />I DEED OF TRUST I
<br />
<br />D IF BOX IS CHECKED, THIS DEED OF TRUST IS OPEN-END AND SECURES FUTURE ADVANCES.
<br />
<br />THIS DEED OF TRUST is made this 7TH day of MAY ,20 07
<br />JOSEPH M. SALLINGER ANO CRYSTAL L. SALLINGER, HUSBAND AND WIFE, J/T
<br />
<br />, among the Grantor,
<br />
<br />(herein "Borrower"),T I COR T I HE I NSURANCE COMPANY OF FLOR I DA
<br />"Trustee") and the Beneficiary, BENEF I C I AL NEBRASKA I NC,
<br />a corporation organized and existing under the law of NEBRASKA
<br />1004 DIERS AVENUE, WESTGATE CTR-SUITE 216, GRAND ISLAND, NE 68803
<br />
<br />(herein "Lender"),
<br />
<br />(herein
<br />
<br />whose address is
<br />
<br />The following paragraph preceded by a ch~;cked box is applicable.
<br />
<br />IXl WHEREAS, Borrower is indebted to Lender in the principal sum of $ 84,351.75
<br />evuIenced by Borrower's Loan Agreement dated MA Y 7, 2('07 and any extensions or renewals thereof
<br />including those pursuant to any Renegotiable Rate Agreemem (herein "Note"), providing for monthly installments of
<br />principal and interest, including any adjustments to the amour,'; of payments or the contract rate if that rate is variable,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on MA Y 7, 2033
<br />
<br />D WlIEREAS, Borrower is indebted to Lender in the principal sum of $ , or so much thereof
<br />as may be advanced pursuant to Borrower's Revolving LoanAp'eement dated and
<br />extensions and renewals thereof (herein "Note"), providing for monthly installments, and interest at the rate and under
<br />the terms specified in the Note,including any adjustments in th,~ interest rate if that rate is variable,and providing for a
<br />credit limit stated in the principal sum above and an initial advance of $
<br />
<br />TO SECURE to Lender the repayment of the indebtc~dness, including future advances, evidenced by the Note,
<br />with interest thereon at the applicable contract rate (includi1g any adjustments to the amount of payment or the
<br />contract rate if that rate is variable) and other charges; the paynent of all other sums, with interest thereon, advance in
<br />accordance herewith to protect the security of this Deed or Trust; and the performance of the convenants and
<br />agreements of Borrower herein contained, Borrower, in consid~ration of the indebtedness herein recited and the trust
<br />herein created, irrevocably grants and conveys to Trustee, in tnl/;t with power of sale, the following described property
<br />located in the County of HA L L State of Nebraska:
<br />
<br />A TRACT OF LAND COMPRISING A PART OF FRAC flONAL LOT 1, BLOCK
<br />138, UNION PACIFIC RAILWAY COMPANY'S SECC!JD ADDITION TO THE
<br />CITY OF GRANO ISLAND HALLCOUNTY, NEBRASKA. AND PART OF
<br />FRACTIONAL LOT 1, BLOCK 3, RUSSEL WHEELER S ADDITION TO THE
<br />CITY OF GRAND ISLAND, MORE PARTICULARLY. D SCRIBED AS
<br />FOLLOWS: BEG I NN I NG AT THE NORTHEAST CORNEr OF SA 10 LOT 1,
<br />BLOCK 3; THENCE RUNNING SOUTHWESTERLY 66,( FEET TO THE
<br />NORTHWEST CORNER OF SA I D LOT 1, BLOCK 3; T 'ENC, RUNN I NG
<br />SOUTHEASTERLY ALONG UT WESTERLY LINE OF SA D LOT 1. BLOCK 3
<br />AND ITS PROLONGATION A DISTANCE OF 87,25 FdT; THENCE
<br />NORTHEASTERL Y PARALLEL TO THE NORTHERLY L I tJE OF SA I D LOT 1,
<br />BLOCK 3 A DISTANCE OF 13.0 FEET; THENCE NOrfLHWESTERLY
<br />PARALLEL TO THE WESTERLY LINE, OF SAID LOT 1, BLOCK 3 A
<br />DISTANCE OF 13.25 FEET; THENCE NORTHEASTERlr, PARALLEL TO
<br />THE NORTHERLY LINE OF SA I D LOT 1, BLOCK 3, ~ D I STANCE OF
<br />53,0 FEET TO A POINT ON THE EASTERLY LINE ()' SAID LOT 1,
<br />BLOCK 138; THENCE NORTHWESTERLY ALONG THE ~~STERLY LINE OF
<br />SAID LOT 1, BLOCK 138 AND ITS PROLONGATION ~ DISTANCE OF
<br />12-05-05 DOT
<br />
<br />CONTINUED ON EXHIBIT A~LEGAL DESCRIPTION
<br />
<br />NE001101
<br />
<br />111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111 "ll 1111 1111 11111 111111111111111 111111111111111111
<br />
<br />~S79063BDOM98DOT8000NEOOll0l0~~SALLINGER
<br />
<br />ORIGINAL
<br />
<br />"
<br />
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