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<br /> ~ 200806127
<br /> m DEED oF TRUST l"
<br />
<br />/6:J'JcJ
<br />PARTIES: This Deed of Trust is made on July 14, 2008 among the Grantor, George W Schroeder and Cynthia L
<br />Schroeder, a/k/a Cynthia Leigh Schroeder, HUSBAND AND WIFE ("Borrower"), AREND R BAACK,
<br />- -~A rrORNEY;-whose resi-dence-1fddress"'is"P;-"(7;-B'OX-iW,-Grarrd-Island; HaH County, Nebraska C'Trustee"), and-the
<br />Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a corporation
<br />organized and existing under the laws of NEBRASKA whose address is 221 SOUTH LOCUST STREET,
<br />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: 2516 Arrowhead Rd, Grand Island, NE 68801
<br />
<br />LEGAL DESCRIPTION:
<br />
<br />Lot Sixteen (16), Block Three (3), in the Replat of Riverside Acres, 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 July 14, 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 />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 August I, 2013, if not paid earlier.
<br />The total unpaid balance secured by this deed of trust at anyone time shaH not exceed a maximum principal amount of $426,500.00, plus
<br />interest, plus any amounts disbursed. under the terms of this deed of trust to profect 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 terms of that obligation.
<br />o 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 />DESIGNA nON 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 />SIGNATURES: By signing below, Borrower agree to the terms and convenants contained in this deed oCtrost, including those on page
<br />2, and in anuiders described above signed by Borrower.
<br />
<br />'f../ku~ ~ ~ ~~A~~ ~~U()1^ )
<br />
<br />Georg{W s~eder Cynthia L Schroeder
<br />
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, DOUGLAS COUNTY SS:
<br />The foregoing instrument was acknowledged before me on July 14,2008
<br />By GEORGE W SCHROEDE~ ar1 yYNTHIA L SCH...ROEDER, HUSBAND AND WIFE
<br />My commission expires: ij.1#Jl. .._ _. ~- '. ~ IJIl /7 /J,
<br />~ Cp..~ (Notary Public)
<br />
<br />GENERAL NOTARY - State of Nebraska
<br />LOIS E. MUELLER
<br />My Comm. Exp. Jan. 22, 2011
<br />
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