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<br />DEED OF TRUST
<br />
<br />/O.{iJ
<br />
<br />PARTIES: This Deed of l' rust is made on 09/17/2007 among, the Grantor, JAN A STEEPLE and JUDY M STEEPLE, HUSBAND AND WIFE
<br />("Borrower"),
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee"), and the
<br />Beneficiary, HOr\1E FEDERAL SA VTNGS 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: 3900 EAST GUENTHER, PHILLIPS, Nebraska 68865
<br />
<br />LEGAL DESCRIPTION:
<br />
<br />ALL OF LOT FIVE (5), SITUATED IN THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER (SW 1/4 SW 1/4) OF SECTION
<br />TWELVE (12), TOWNSHIP TEN (10), NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., 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 />III A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 09117/2007
<br />
<br />III 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 ifmade 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
<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 September 26, 2012 ifnot paid earlier.
<br />The total unpaid halance secured by this deed of trust at anyone time shall not exceed a maximum principal amount of $8,073.50, plus
<br />interest, plw; any amounts disbursed undcr thc 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 />DESIGNA TlON OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead i~ttached 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 an.~ riders described above signed by Borrower. '"' ...---')
<br />
<br />L~k/ h:--~. /' //~~.{.. ~;}/7 ~
<br />4AN A STE~ f' ~_"..."_ .~>~'JUDY M STEEPLE
<br />
<br />ff-+,-~.".-~.... '
<br />.-:;'.~Le_i!-. .
<br />,/1"
<br />
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was a n wledged before me on 09/17/200
<br />By JAN A STEEPLE and JU STEE LE, HUSBAND A I
<br />
<br />It1
<br />
<br />
<br />GENERAL NOTARY. State of Nebraska
<br />.. MEGAN D. FREDERIKSEN
<br />- My Comm, Exp. April 6, 2010
<br />
<br />
<br />
<br />Notary Public)
<br />
<br />My commission expires'
<br />
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