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<br />DEED OF TRUST
<br /> ia.sU
<br />PAR'T'IES: This Deed of Trust is made on 03/24/2009 among, the Grantvr, BRIAN E VAHLE and IIEIDI I VAHLE, HUSBAND AND WIFE
<br />("Borrower"),
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand lsland, 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, NEIRASKA 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, proEts, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property").
<br />FROFERTY AllDRESS: 2427 N PARK AVE, Grand Island, Nebraska 68801
<br />LEGAL DESCRTP'I'ION:
<br />LOT SIX (6) IN BLOCK THREE (3), COLLEGE ADDITION TO WEST LAWN, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />hocated in Hall County, Nebraska.
<br />TITLE: Borrower convenants and warrants title to the property, except for
<br />SECURED DEBT: This deed of trust secures to Lender repayment of the secured debt and the perfvnnance 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 />"I'he 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 AGREEMEN"T DATED 03/24/2009
<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 agreetnent 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 />The above obligation is due and payable on March 25, 2012 if nvt 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 $47,502.62, 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 i~ttached 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 />SIGNATURES: 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 rid s describ/eJ~d above si by Borrower.
<br />. y% / ~ 7'~ r
<br />L (V/// I
<br />RIAN E VAHLE HEI I VAHLE
<br />ACKNOWLEDGMENT: STATE OF
<br />'T'he foregoing instrument was
<br />By BRIAN E VAHLE and
<br />My comtnission
<br />RASKA, MALL COUN'T'Y SS:
<br />povledged before me on 03/24/2009
<br />VAHLI~,)HUSBAND AND WI E
<br />~~ of ~~
<br />GENE~REYFREI]ERIKS N
<br />"!^~ My Camm. Exp. April_ 6, 20~_
<br />Public)
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