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<br />DEED OF TRUST
<br />~S,"Sa
<br />PARTIES: This lleed of Trust is made on 04/21/2009 among, the Grantor, BRYAN R. PHELPS PERSONAL REPRESENTATIVE OF THE
<br />ESTATE OF CHARLES R. PHELPS a/k/a RLJSS PHELPS, DECEASED , ("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: 1615 N TAYLOR AVF, Grand Island, Nebraska 68803
<br />LEGAL DESCRIPTION:
<br />SEE ATTACHED "EXHIBIT A"
<br />Located in Hall County, Nebraska.
<br />TITLE: Borrower convenants and wartatrts title to the property, except for
<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 awes 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 ANll SECURITY AGREEMENT DATED 04/21/2009
<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 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 October 18, 2009 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 $20,925.14, 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 REN"'TS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Parm 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 an Jrid~er~sdescribed above signed by Borrower. q ,
<br />~~ ~'y"~~~/k9~'Y fzc.4l~cr--r~'J~,_n~.adnw`Gtit~.v~- c~.r.~..:e.2,_1e-0.- i~P.~('.G~.(~_~1r ,~.t~.Q,~1,~/ A ItA .~{~,i,~,~~t}'~~./ 0~~41(.
<br />BRYAN R. )HELPS PERSONAL REPRESENTATIVE OF THE IF¢STATE OF CHARLES R. PIIELPS
<br />a/k/a/ ROSS PHELPS, DECEASED
<br />ACKNOWLEDGMENT: STATE OF NEBRASKA, HALL COUNTY SS:
<br />The foregoing instrument was acl~no ledged before me on 04/21/2009
<br />By BRYAN R. PHELPS PER~N REPRESENTATIVE
<br />OF THE ESTATE OF CIIt~RL R. P~I~S a/k~a Rl
<br />My commission
<br />V€ftA.l, NQTgRY- State of Nebraska
<br />11tR~~4N Q FaFDERIKSEN
<br />~. Exp. gptll 6, 2010
<br />otary Public)
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