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<br />DEED OF TRUST
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<br />PARTIES: This Deed of Trust is made on 02/10/2009 among, the Grantor, DAVID L ARNOLD and MARILYN S ARNOLD, 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 rightscof-
<br />way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property").
<br />PROPERTY ADDRESS: 1032 S PLUM ST, GRAND ISLAND, Nebraska 68801
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<br />LEGAL DESCRIPTION:
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<br />LOT FOURTEEN (14), IN ANDERSON SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<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 />III A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 02/10/2009
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<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 if made on the date of this deed of trust is executed.
<br />
<br />D 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 February 17,2011 ifnot paid earlier.
<br />The total !!npaid balance secured by this deed of trust at anyone time shall not exceed a maximum principal amount of $2,787.85, plus
<br />interest, plus any amounts disbursed under the tenns 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 />D 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 Acopy 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
<br />
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead i!:lttached to this deed of trust and made a part hereof has
<br />o been disc 'med; the disclaimer is attached to this deed oftrust and made a part hereof
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<br />
<br />D
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<br />agtee to the terms and convenants contained in tbis deed of trust, including those on page
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<br />y o~e'. 'f/tt.. 'JL. ~_~. udJ. .'.
<br />M. LYN S ARNOLD
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<br />ACKNOWLEDGMENT: STATE OF
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<br />My commission expo
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<br />otary Public)
<br />
<br />~. G..ENERAL NO y. State of Nebraska
<br />! MEGAN D. FREDERIKSEN
<br />... ..... My Comm. Exp. April 6, 2010
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