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<br />DEED OF TRUST N
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<br />PARTIES: This Deed of Trust is made on 11/01/2007 among, the Grantor, VICTORIA L STUTZMAN and , A SINGLE PERSON
<br />("Borrower"),
<br />AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee"), and the
<br />,,~. Beneficiary, ~O~~:F~i]ERt~);, SAVE" ~LGS ANl? LCaA1sT.Afi.~.CIATI63N Oi' GRAND ISLAND, a corporation organized aad existing u:,iler t he
<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: 507 S SYCAMORE, CAIRO, Nebraska 68824
<br />LEGAL DESCRIPTION:
<br />LOT ONE (1), BLOCK ONE (1), 8TH ADDITION TO CAIRO, HALL COUNTY, NEBRASKA AND THE NORTH 30 FEET
<br />OF LOT TWO (2) BLOCK ONE (1) 8TH ADDITION TO CAIRO, HALL COUNTY, NEBRASKA
<br />Located 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 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 11/01/2007
<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 aze 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 November 09, 2011 if not paid earlier.
<br />The toga unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of $13,409.14, plus
<br />interest. ~~!us any amounts disbursed under the terr.:s of t.His deed of gust to pre*.ect the s.,...:rit}• of this deed of trust cr to pcrfcrzn ::ny 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 />_ ..--
<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 riders described above signed by Borrower.
<br />VICTORIA L STUTZ
<br />ACKNOWLEDGMENT: STATE OF N RASKA, HALL COUNTY SS:
<br />The foregoing instrument was owledged before me on 11/01/2007
<br />By VICTORIA L STUTZM nd , A S~GLE PERJ~SON
<br />My commission ex ire t-f~~ ~(J
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<br />Public)
<br />GENERAL NOTARY • State of Nebraska
<br />!Iql MEGAN D. FREDERIKSEN
<br />i-~^- ~"; My Comm. Exp. April 6~ 2010
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