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CD C <br />U1 ~ (;1 CD s: <br /> I----' ;;><: m <br /> p ....c ~ <br /> N -'----' <br /> en (fl en Z <br /> (;1 0 <br /> <br /> <br />o~ <br />~CI'l <br />n:x: <br />A <br /> <br />200808946 <br /> <br />DEED OF TRUST .__ <br />d\S' <br />PARTIES: This Deed of Trust is made on 10/11/2008 among, the Grantor, GREGORY S ElRICK and KATHLEEN A ElRICK, HUSBAND "', <br />AND 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 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, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the <br />"property"). <br />PROPERTY ADDRESS: 4051 PALACE DR, GRAND ISLAND, Nebraska 68803-6405 <br /> <br />LEGAL DESCRIPTION: <br /> <br />LOT TWENTY.FOUR (24), CASTLE ESTATES SUBDIVISION, IN 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 10/11/2008 <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 April 17, 2011 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 $9,059.50, 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 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 oftrust and <br />made a part hereof. <br /> <br />RIDERS: ASSIGNMENT OF RENTS <br /> <br />DESIGNATION 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: y si ing below, Borrower agree to the terms and convenants contained in this deed oftrust, including those on page <br />2, and in any r (Iers <br /> <br /> <br />-fiyhHrUf] cfJ;,uJJ <br />KA11 LEEN A ElRICK <br /> <br />A. <br /> <br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: <br />The foregoing instrument was acknowledged before me on 10/11/200 <br />By GREGORY S ElRICK and KATHLEEN A ElRICK, HUSBAN AND WIF <br /> <br />My commission expires: /-...:1 - ~ tP / / <br /> <br /> <br />J <br /> <br />GENERAL NOTARY. state of Nebraska <br />DEBRA R. MITrEIS <br />My Comm. Exp. Jan. 3, 2011 <br />