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<br />DEED OF TRUST ~'.S{)
<br />
<br />PARTIES: This Deed of Trust is mace on 11107/2008 among, the Grantor, Michael J Nolan and Beverly Nolan, Husband and Wife
<br />("Borrower"),
<br />AREND R BAACK, ATTORNEY, - whose resid,l;lnce 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 />CONVEYAN<;JE: Forvall.le received, Uorrower irrevocably grants and conveysJo Trustee,in trust, with power of,sa1e, the real property, of
<br />which Borrower is lawf.1l1y s,eiz~, ~~scriuelj :~dowandaIl buildings,.f:;:tute:.;,anlcxisting adfurure iIqm)Vcmentsthereon end all righto:-of-
<br />way, easements, rents, issues, profits, income, tenements, hereditlUIlents,privileges and any appurtenances thereunto belonging (all called the
<br />"property"). . . . .
<br />PROPERTY ADDRESS: 1450S Gunbarrel Rd, Grand Island, Nebraska 68801
<br />
<br />LEGAL DESCRIPTION:
<br />
<br />Lot Four (4), Paradise Lake Estates Third Subdivision in the City of Grand Island, Hall County, Nebraska.
<br />
<br />!" ~', (/". (
<br />Located inH~IC,ounty, Nebraska. .. ... ... ..: ...- . ' ..,..' .
<br />TITLE: BorrbwCrcolivenailtsandwillriritstitle'tQ the property, except for
<br />
<br />
<br />SECURED DEBT: This deed of trust secures to Lender repaYplent of the secured debt and the perl'onnance 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 11/07/2008
<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 February 12, 2009 if not paid earlier.
<br />The total unpaid balance secured by this deed of trust at anyone time sbaH not exceed a maximum principal amount of $32,083.00, 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 perl'onn 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 />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead iI::lttached 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 tcr,/:ns and convcnants contained in this deed of trust, lncl ding those on page
<br />2, and in any riders de crfbed vesigne by Borrower.
<br />
<br />
<br />
<br />. . ,
<br />
<br />ACKN.9,~~riG~Nr::'. STAlt'oFNEBRASKA, HALL COUNITSS:
<br />. .H>""'rhe'-f6te~oing> ~strlim~t'{;;'as acknowledged before me on 11107/2008
<br />By Michael J Nolan and Beverly Nolan, Husband and Wife
<br />
<br />My",,,,,,",,,.n..p;,,,,, ':/-IL{-,;lIJO't ~-fff~./
<br />
<br />GeNERAL NOTARY.. Slate at Nebruka
<br />DE~ORAHI:..TROSPER.
<br />My Comlll. ElIIt Fib. 1,4, 2001
<br />
<br />
<br />(Notary Public)
<br />
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