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<br />DEED OF TRUST
<br />
<br />/o,So
<br />PARTIES: This Deed of Trust is made on 07/1912007 among, the Grantor, RYAN I, STEFFEN and MICHELLE R STEFFEN, 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 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: 506 N WEBB RD, GRAND ISLAND, Nebraska 68803
<br />
<br />LEGAL DESCRIPTION:
<br />
<br />PART OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER (NEl/4SEI/4) OF SECTION THIRTEEN (13), IN TOWNSHIP
<br />ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., AND MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />BEGINNING AT A POINT ON THE EAST LINE OF THE SOUTHEAST QUARTER (SEl/4) OF SECTION THIRTEEN (13), IN
<br />TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., SUCH POINT BEGINNING 1895.0 FEET NORTH OF
<br />THE SOUTHEAST CORNER OF SAID QUARTER SECTION, RUNNING THENCE WEST AT RIGHT ANGLES TO THE EAST LINE OF
<br />SAID QUARTER SECTION 290.0 FEET, RUNNING THENCE SOUTH PARALLEL TO THE EAST LINE OF SAID QUARTER SECTION
<br />142.55 FEET, THENCE DEFLECTING 90 DEGREES TO THE LEFT AND RUNNING 290.0 FEET TO THE EAST LINE OF SAID
<br />QUARTER SECTION, RUNNING THENCE NORTH ALONG THE EAST LINE OF SAID QUARTER SECTION 142.55 FEET TO THE
<br />POINT OF BEGINNING, ALL IN HALL COUNTY, NEBRASKA AND EXCEPTING THEREFROM A TRACT OF LAND MORE
<br />PARTICULARL Y DESCRIBED IN WARRANTY DEED RECORDED AS DOCUMENT NO. 94-108114.
<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 trus: 3nd 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 07/1912007
<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 wi II 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; I
<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 July 23,2010 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 $7,555.50, 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 iUttached 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 convenants contained in this deed oftrust, including those on page
<br />2, and in any r" ers des i above signed by Borrower.
<br />
<br />
<br />tl~~kJ~ (ii,!5aflu-J
<br />MICHELLE R STEF N U
<br />
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: . GENERAL NOTARY-StateofNebraska
<br />The foregoing instrument was acknowledged before me on 07/19/2007. J JUSTIN GRAYBILL
<br />By RYAN L STEFFEN and MICHELLE R STEFFEN, HUSBAND AND WIFE . ., MyComm.Exll.Jan.2B.2009
<br />
<br />Myoommi"ionoxpi,,,, t/;lxlo'7 J;t: ~ .
<br />f ~ (Notary Pubhc)
<br />/
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