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<br />DEED OF TRUST
<br />
<br />
<br />PARTIES: This Deed of Trust is made on 07/26/2007 among, the Grantor, ADAM D GRUPE, A SINGLE PERSON ("Borrower"), --'c5
<br />AREN~ R BAACK, ATTORNEY, whose residence address i~ P. O. Box 790, Grand Island, Hall Cou~ty, Neb~aska ("Tru.st~e"), and the ~
<br />Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporatIOn organized and eXlstmg 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: 235 PONDEROSA DR, Grand Island, Nebraska 68801
<br />
<br />LEGAL DESCRlYTION:
<br />
<br />LOT FIVE (5), BLOCK TWO (2), PONDEROSA LAKE ESTATES FOURTH SUBDIVISION, 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 />II A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 07/26/2007
<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 July 20,2009 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 $34,381.45, plus
<br />interest, plus any amounts disbursed under the tenus 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 tenus of that obligation.
<br />o A copy of the loan agreement containing the tenus 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 />
<br />By signing below, Borrower agree to the tenus and convenants contained in this deed of trust, including those on page 2, and in
<br />bove si d by BOlTOwer.
<br />
<br />ACKNOWLEDGMENT: ST ATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 07/26/2007
<br />By ADAM D GRUPE, A S~GLE PER r; 00 !
<br />
<br />My oommi"ion oxprrox '1- (q - L J. 1m 4~!rA11ilf "-
<br />
<br />GENERAL NOTARY. State 01 Nebraska .
<br />DEBORAH J. NORMAN j
<br />My Comm. expo Sept. 19, 2009
<br />
<br />(Notary Public)
<br />
<br />
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