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<br />- ~- ~' TRUST 1--' ---- "-'
<br />--.J Cfl ~2
<br />PARTIES: This Deed of Trust is made on 09/21/2005 among, the Grantor, PAUL A POLANSKY and ANITA POLAN'SKY, HUSBAN[)5\ND
<br />WIFE ("Borrower"), ~
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee"), and the ~
<br />Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIA TlON 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: 601 S CLARK ST, GRAND ISLAND, Nebraska 68801
<br />
<br />LEGAL DESCRIPTION:
<br />
<br />PART OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER (NE1/4NE1/4) OF SECTION TWENTY-ONE (21),
<br />TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST IF THE 6TH P.M., HALL COUNTY, NEBRASKA, MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS: COMMENCIN AT A POINT IN THE EASTERLY LINE OF CLARK STREET WHERE SAID LINE WOULD
<br />BE INTERSECTED BY THE SOUTHERLY LINE OF JOHN STREET, IF EXTENDED, THENCE SOUTHERLY, ALONG SAID
<br />EASTERLY LINE OF CLARK STREET, FIFTY (50) FEET; THENCE EASTERLY AT RIGHT ANGLES, ONE HUNDRED TWENTY
<br />FOUR (124) FEET; THENCE NORTHERLY, AT RIGHT ANGLES, FIFTY (50) FEET, TO WHAT WOULD BE THE SOUTHERLY LINE
<br />OF JOHN STREET, IF EXTENDED, THENCE WESTERLY, ALONG SAID SOUTHERLY LINE, ONE HUNDRED TWENTY-FOUR (124)
<br />FEET, TO THE PLACE OF BEGINNING.
<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 09/21/2005
<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 />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 September 21, 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 $4.153.95, 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 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: ASSIGNMENT OF RENTS
<br />
<br />DESIGNA nON OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iQttached 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 of trust, including those on page
<br />2, and in a riders describe above signed by Borrower.
<br />
<br />WQ
<br />AUL A POLANSKY
<br />
<br />
<br />~p~~
<br />ANIT A POLANSKY
<br />
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 09/21/2005
<br />By PAUL A POLANSKY and ANITA POLANSKY, HUSBAND AND WIFE
<br />M .. . Z/).--..-- tA ~'i> I}j
<br />Y commiSSIOn expires: '-"'-, , 0 \~
<br />
<br />llENEIW. NOTARY - StaIB of NebrUkI
<br />CHRIS L. KASKIE
<br />My Cllmm. Exp.1lIc. 29, ..
<br />
<br />"
<br />
<br />;;2
<br />
<br />f::- ~(Notary Public)
<br />
<br />
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