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()O <br /> <br />PARTIES: This Deed of Trust is made on May 09,2008 among the Grantor, Duane J Deis AND Dianna J Deis, <br />HUSBAND AND WIFE ("Borrower"), AREND R BAACK, ATTORNEY, whose residence address is P. O. Box <br />790, Grand Island, Hall County, Nebraska ("Trustee"), and the Beneficiary, HOME FEDERAL SA VINGS AND <br />LOAN ASSOCIATION OF GRAND ISLAND, a corporation organized and existing under the laws of <br />NEBRASKA whose address is 221 SOUTH LOCUST STREET, GRAND ISLAND, NEBRASKA 68801 <br />("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: 2405 N Howard Ave - Grand Island, NE 68803 <br /> <br />LEGAL DESCRIPTION: <br /> <br />Lots Sixteen (16) and Eighteen (18), in Block One (1), in University Place, an Addition to the City of Grand Island, 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 />. A-PROMISSORY NOTE AND SECURITY AGREEMENT DATED May 09,2008. <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 will 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 <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 June 01,2013, if not paid earlier. <br />The total unpaid balance secured by this deed of trust at anyone time shall not exceed. a maximum principal amount of $72,000.00, 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: None <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 riders described above signed by Borrower. <br /> <br />\L)v~ m D--/ <br /> <br />Duane J Deis - <br /> <br />:J). <br />.'~"- <br />Dianna J Deis <br /> <br />J~ <br /> <br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: <br />The foregoing instrument was acknowledged before me on May 09,2008 <br />By Duane J Deis and Dianna J Deis, Husband and Wife <br />My commission expires: 7 - / ~ .- :1. tJ /0> <br /> <br />~r <br /> <br />_~OtNyPUbli') <br /> <br />GENERAL NOTARY. State of Nebraska <br />JACALYN A AYOUB <br />MyComm. Exp. 7-/{,-,2.IJ/P <br />