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<br /> . --- - JJ~~V Vl" TRUST
<br />
<br />
<br />
<br />PARTIES: This Deed of Trust is made on 06/27/2008 among, the Grantor, DENSEL M RASMUSSEN and CAROLYN K RASMUSSEN,
<br />HUSBAND AND WIFE ("Borrower"),
<br />AREND R BAACK AITORNEY, whose residence address is P. O. Box 790, Gr!lnrl Island. H!ll1 County, Nebraska ("T:ustee"), and the
<br />Beneticiary, HOME FEDERAL SA VINaS 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, tel1ements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property").
<br />PROPERTY JillDRES;S: 1'lL.l CUH.:ns ST, Grand Island, Nebraska 68803
<br />
<br />LEGAL DESCRIPTION:
<br />
<br />The South Seventy-Four (74) Feet of Lot Four (4) and the North Two (2)Feet of Lot Five (5), West Bel Air Fifth Subdivision, an addition to the
<br />City of Grand Island, Hall County, Nebraska.
<br />
<br />"I ' , ':', ~
<br />
<br />Located in Hall County; Nebraska.
<br />TITLE: Borrower corivenants and warrants title tothe pr6perty,exceptfor
<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 secl)!eddebt isevideuced by (List all instruments and Rgreemen.ts seclJred by this "!/;,,.ed (If tnwt nnd the dates thereof.):
<br />
<br />. A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 06/27/2008
<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 , withmitial 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 30, 2008 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 $52,559.50, 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 />o Vadat:c R;.t;:: The il,tcrest 1'''[1:: Oil il,~ cbligatiun securt:dby this deed oftrusl may vatyaeconling to the tennsofthat obligation.
<br />o A .:opy of the loan agreement containing, the terms under which the lllterest rate inay vary is attached to this deed of trust and
<br />made a part hereof.
<br />
<br />RIDERS: ASSIGNMENT OF RENTS
<br />
<br />DESIGNA nON 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 />o been disclaimed: the disclaimer is attached to this deed of trust 311d made 11, part hereof.
<br />
<br />SIGNATURES: By signing below, Borrower agree to the terms and convenants contained in this deed of trust, including those on page
<br />2, and in an de describe bove ned by Borrower.
<br />
<br />
<br />~ ~
<br />' ',a.+<J
<br />. . ~AROU ' , . SMUSSEN' '
<br />
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTYSS:
<br />The foregoing instrument was acknowledged before me on 06/27/2008
<br />By DENSEL M RASMUSSEN and CAROLYN K RASMUSSEN, HUSBAND AND WIFE
<br />
<br />My commission expires:
<br />
<br />~, \y 'D~
<br />
<br />~wM. Q\'~~ (No",>, P.wlio)
<br />
<br />
<br />GENERAL NOTARY. State of Nebraska
<br />STEPHANIE LIUiNTHAL
<br />My Comm. Exp. Aug. 14, 2008
<br />
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