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Z <br /> co en ..... 0 <br /> (f) <br /> <br />IlP .:50 <br /> <br />PARTIES: This Deed of Trust is made on 10/10/2008 among, the Grantor, WENDY B MASER and CHARLES R MASER, WIFE AND <br />HUSBAND ("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, hererlitarnents, privileges :l.'1d allY appurtenallces ther.;unto belonging (all called the <br />"property"). <br />PROPERTY ADDRESS: 1222 S HARRISON ST, GRAND ISLAND, Nebraska 68803-6351 <br /> <br />LEGAL DESCRIPTION: <br /> <br />SEE LEGAL DESCRIPTION EXHIBIT "A" HERETO ATTACHED <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 10110/2008 <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 October 17, 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 $49,477.87, plus <br />interest, plus any amounts disbursed under the terms of this deed of trust to protect the security of this deed of trust or to perform any of the <br />covenants contained in this deed of trust, with interest on such disbursements. <br />o Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terms of that obligation. <br />o A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed of trust and <br />m<<de a p:t.'i hereof. <br /> <br />RIDERS: ASSIGNMENT OF RENTS <br /> <br />DESIGNATION OF HOMESTEAD <br />Pursuant to the Farm Homestead Protection Act, designation of homestead iClttached to this deed of trust and made a part hereof has <br />o been disclaimed; the disclaimer is attached to this deed of trust and made a part hereof. <br /> <br />SIGNATURE$: By signing below, Borrower agree to the terms and convenants contained in this deed of trust, including those on page <br />2, and in any-Piders described. abo. ve signed by Borrower. f' / O. <br /> <br />CU-. \ ~ ~ .~ \ Y'r\ ~____ ~ )t/;;h~ <br /> <br />WENDY B MAsER CHARLES R MASER <br /> <br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: <br />The foregoing instrument was acknowledged before me on 10/10/2008 <br />By WENDY B MASER and CHARLES R MASER, WIFE AND HUSBAND <br /> <br />My commission expires: ']) Q-e-. 2---~, 2.--<x:J> a /J <br />\.:~ all {::~ <br /> <br />(Notary Public) <br /> <br /> <br />GENERAL NOTARY. State of Nebraska <br />CHRIS L. KASKIE <br />My Comm. Exp. Dec. 29, 2008 <br />