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<br />PARTIES: This Deed of Trust (Chattel Mortgage) is made on 01113/2009 among, the Grantor, JEFFREY R GAREY ("Borrower"), and TERI I '{;
<br />GAREY, HUSBAND AND WIFE,
<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: 30 KUESTER LAKE, GRANl,) ISLAND, Nebraska 68801-8609
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<br />LEGAL DESCRIPTION:
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<br />LOT FOUR (4), HAVING A LAKE FRONT FOOTAGE OF 50 FEET AND SITUATED ON THE EAST SIDE OF THE EAST PORTION OF
<br />KUESTER LAKE, AND BEING ON A PART OF THE EAST HALF OF THE SOUTHWEST QUARTER (E1I2SW1I4) IN SECTION
<br />THIRTEEN (13), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9), WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA;
<br />SUCH LOT IS AS SHOWN ON THE PLAT IN THE POSSESSION OF THE LESSOR.
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<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
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<br />SECURED DEBT: This deed of trust (Chattel Mortgage) secures to Lender repayment of the secured debt and the performance of the
<br />convenants and agreements contained in this deed of trust and in any other document incorporated herein. Secured debt, as used in this deed of
<br />trust, includes any amounts Borrower owes to Lender under this deed of trust or under any instrument secured by this deed of trust, and all
<br />modifications, extensions and renewals thereof.
<br />The secured 'debt is evidenced by (List all instruments and agreements secured by this deed of trust and the dates thereof.):
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<br />. A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 01113/2009
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<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.
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<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.
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<br />The above obligation is due and payable on January 21,2012 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 $5,080.50, 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 of trust and
<br />made a part hereof.
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<br />RIDERS: ASSIGNMENT OF RENTS
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<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead ic::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.
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<br />SIGNATURES:
<br />ineluding those
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<br />JE
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<br />By signing below. rower agree to the terms and convenants contained in this deed of trust (chattel mortgage).
<br />any ri ers described above signed by Bo~
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<br />TERI I GAREY
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<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acknowledged before me on 01113/2009
<br />By JEFFREY R GAREY and TERI I GAREY, HUSBAND AND WIFE
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<br />My commission expires: .>> cc... 2-.er 20 I 7... fJ J ". ;2. _ k ad~
<br />eaew.NOTARV.Slatt ufNlbruU ~
<br />CHRIS L. KASKlE
<br />Conun.ex,.Dte.29.2012
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<br />(Notary Public)
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