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<br /> DEED OF TRUST
<br /> PARTIES: This Deed of Trust is made on 02/20/2009 among, the Grantor, LOU J PETSKA and VALORIE S BENDIXEN, HUSBAND AND
<br /> 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: 1309 SHERIDAN PL, Grand Island, Nebraska 68803
<br /> LEGAL DESCRIPTION:
<br /> LOT SEVENTEEN (17) IMPERIAL VILLAGE THIRD SUBDIVISION, TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA
<br />
<br /> Located in. Hall County, Nebraska.
<br /> TITLE: Borrower covvenants 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 /> A PROMISSORY NOTE AND SECURITY AGREEMENT DATED 02/20/2009
<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 /> ❑ 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 Ve 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 /> The above obligation is due and payable on February 16, 2016 if not paid earlier.
<br /> The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $21,607,85, 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 /> ❑ Variable Rate: The interest rate on the obligation secured by this deed of trust may vary according to the terms of that obligation.
<br /> ❑ 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 /> RIDERS: ASSIGNMENT OF RENTS
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Farm Homestead Protection Act, designation of homestead iattached to this deed of trust and made a part hereof has
<br /> ❑ 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 terms and convenants cont ned in this deed of trust, including those on page
<br /> 2, and in an riders des 'bed a signed by B o er.
<br /> r'
<br /> LOU J PETS VALO E BENDIXEN
<br />
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<br /> LISA, R. Nj# (R
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS: My Carrr,r. ' ~~y 1n, 2x11
<br /> The foregoing instrument was acknowledged before me on 02/20/2009 µ
<br /> By LOU J PETSKA and VALORIE S BEN?DIXEN, HUS ND AND WIFE
<br /> My commission expire / v ~W-()#
<br /> Notary Public)
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