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<br />DEED OF TRUST ~0 , ~'p
<br />PARTIES: This Deed of Trust is made on September 04, 2009 among the Grantor, BRYAN BURTLE HEATING
<br />& AIR, INC., a Nebraska Corporation ("Borrower"), AREND R BAACK, ATTORNEY, whose residence address
<br />is F. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee"), and the Beneficiary, HOME FEDERAL
<br />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
<br />("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: 226 S Plum St., Grand Island, NE 68801
<br />LEGAL DESCRIPTION:
<br />LOT ONE (1) IN BLOCK TWO (2), I{OEHLER PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASTCA.
<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 AN)] SECURITY AGREEMENT DATED September 04, 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 01, 2039, 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 $122,000.00, 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: None
<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 dead 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 />Bryan S Burtle, President
<br />ACKNOWLEDGMENT: STATE OF NEBRA5I{A, HALL COUNTY SS:
<br />The foregoing instrument wasa acknowledged before me on September 04, 2009
<br />By Bryan S Burtle ~rP,St~~r~'
<br />My commission expires:=gyp .~„ ~D/U
<br />G~RAI. NOTARY - She of Nebraska
<br />JAGALYN A AYOU~
<br />Hly Comm. ~. July 16, 201D
<br />otary Public)
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