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PARTIES: This Deed of Trust is made on 03!29/2006 among, the Grantor, FRANCIS G SCHAAF and CONSTANCE E SCHAAF, HUSBAND
<br />AND %VIFE ( "Borrower "),
<br />AREND R BAACK, AT`fORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the
<br />Beneficiary, H0;v1I--. 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, NcBRASKA 68801 ( "Bender ").
<br />CONVEYANCE: For value received, Burrower 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 ali rights -of-
<br />way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />.,property').
<br />PROPER`T'Y" ADDRESS: 224 LAKESIDE DR. Grand Island, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />I.ot 23, Hidden lake Subdivision Number 4, liall County, Nebraska, Excepting therefrom a tract of land more particularly described in Warranty
<br />Deed Recorded as Documber Number 98-10S61 S.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convcnants and warrants title to the property, e:vicept for
<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 Lencirr 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 securers by this deed of trust and the dates thereof.):
<br />M A PROMISSORY MOTE AND SFCURITY AGIM MENT DATED 03/29/2006
<br />Ea Future advances: The above amount is secured even though all or part of it may not yet be advanced. Future advances ire
<br />contemplated and will be secured to the same extent as if made on the date of this deed of trust is executed.
<br />J 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 />The above obligation is due and payable on April 05, 2010 if'not paid earlier.
<br />The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of S22,84133, 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 />❑ Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terms of that obligation.
<br />❑ A copy of the loan agreement containing the terms under which the interest rate twky vary is attached to this deed of trust and
<br />made a part hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />PUrSUant to the Farm I lorncstead Protection Act, designation of homestead il[�Ittached to this deed of trust and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed of tp �t and made a part hereof,
<br />SIGNAT=INCISG elow, Borrower agree to the terms and convenants c tntrtined in this deed of trust, including those on page
<br />2, and in , above s gite by Borrower.
<br />F CONSTANCE E, CIIA, F
<br />ACKNOXVI.F;D(;:\TF:NT- STATE OF NEBRASKA, HAIJ. COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 03/29/2006
<br />By FRANCIS G SCHAAF and CONSTANCE E SCHAAF, HUSBAND AND WIFE
<br />My coil! miSoion
<br />tary Public)
<br />A GEhE.'IrL kCT/RY - S,s' 13 at Nag raW
<br />DF-90RM L TROSP'ER
<br />1 = My Camm. UP. Feb. 14, TCD9 9
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<br />DEED OF TRUST
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<br />PARTIES: This Deed of Trust is made on 03!29/2006 among, the Grantor, FRANCIS G SCHAAF and CONSTANCE E SCHAAF, HUSBAND
<br />AND %VIFE ( "Borrower "),
<br />AREND R BAACK, AT`fORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ( "Trustee "), and the
<br />Beneficiary, H0;v1I--. 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, NcBRASKA 68801 ( "Bender ").
<br />CONVEYANCE: For value received, Burrower 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 ali rights -of-
<br />way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />.,property').
<br />PROPER`T'Y" ADDRESS: 224 LAKESIDE DR. Grand Island, Nebraska 68801
<br />LEGAL DESCRIPTION:
<br />I.ot 23, Hidden lake Subdivision Number 4, liall County, Nebraska, Excepting therefrom a tract of land more particularly described in Warranty
<br />Deed Recorded as Documber Number 98-10S61 S.
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convcnants and warrants title to the property, e:vicept for
<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 Lencirr 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 securers by this deed of trust and the dates thereof.):
<br />M A PROMISSORY MOTE AND SFCURITY AGIM MENT DATED 03/29/2006
<br />Ea Future advances: The above amount is secured even though all or part of it may not yet be advanced. Future advances ire
<br />contemplated and will be secured to the same extent as if made on the date of this deed of trust is executed.
<br />J 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 />The above obligation is due and payable on April 05, 2010 if'not paid earlier.
<br />The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of S22,84133, 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 />❑ Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terms of that obligation.
<br />❑ A copy of the loan agreement containing the terms under which the interest rate twky vary is attached to this deed of trust and
<br />made a part hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />PUrSUant to the Farm I lorncstead Protection Act, designation of homestead il[�Ittached to this deed of trust and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed of tp �t and made a part hereof,
<br />SIGNAT=INCISG elow, Borrower agree to the terms and convenants c tntrtined in this deed of trust, including those on page
<br />2, and in , above s gite by Borrower.
<br />F CONSTANCE E, CIIA, F
<br />ACKNOXVI.F;D(;:\TF:NT- STATE OF NEBRASKA, HAIJ. COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 03/29/2006
<br />By FRANCIS G SCHAAF and CONSTANCE E SCHAAF, HUSBAND AND WIFE
<br />My coil! miSoion
<br />tary Public)
<br />A GEhE.'IrL kCT/RY - S,s' 13 at Nag raW
<br />DF-90RM L TROSP'ER
<br />1 = My Camm. UP. Feb. 14, TCD9 9
<br />
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