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<br /> DEED OF TRUST u, �„ � ,�i,
<br /> � � :�
<br /> PARTIES:This Deed of Trust is made on MAR['H 4, i 9g8 , among the Grantor, n Nr . . w cx �
<br /> s� � WF.T.S'u. Hi7RHANTf Anm WTFF ("Borrower"►,
<br /> ARFTTn R SAACK ATTORNFV
<br /> whose residence address is _po Rox �ao Qrand Tal anr9 ua�i County, Nebraska ("Trustee"►, and the Beneficiary,�j
<br /> �iOMF. FF.DF.RAT GAVTNC'G & T OAN nGG[�f�Tnmrn�T , a corporation organized . p�
<br /> and existin under the laws of NF.HRAGKA N\
<br /> 9 whose address is 22l SOi7TH r.�Ci7GT QTRFFT� C
<br /> C.RnNn ISi�AND. NF.SRASKA 6g802_�ppq ("Lender"1.
<br /> CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the real property, of which
<br /> Borrower is lawfuly seized, described below and all buildings, fixtures, and existing and future improvements thereon and all rights-of-way,
<br /> easements, rents, issues, profits, income, tenements, hereditaments, privileges and any appurtenances thereunto belonging (all called the
<br /> "property"1.
<br /> PROPERTY ADDRESS: i O'� . G .p(�iTGT ST , c;RAnm Tsr,nrm , Nebraska 6880i
<br /> LEGAL DESCRIPTION: Istreetl (Clt�l (21p Codel
<br /> A PIECE OR PARCEL OF LAND SITUATED IN THE NORTHEAST QUARTER (NE1/4) OF
<br /> SECTION TWENTY ONE (21) , TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9)
<br /> WEST OF THE 6TH P.M. , HALL COUNTY, NEBRASKA MORE PARTICULARLY DESCRIB-
<br /> ED AS FOLLOWS: CONIINENCING AT A POINT SIXTY �60) FEET DUE NORTH OF THE
<br /> NORTHEAST CORNER OF LOT ONE (1) , OF WILLIAM FRANK ADDITION TO THE CITY
<br /> OF GRAND ISLAND, NEBRASKA THENCE RUNNING DUE NORTH ON A LINE THIRTY-
<br /> THREE (33) FEET WEST OF THE CENTER LINE OF SOUTH LOCUST STREET IN SAID
<br /> CITY FOR A DISTANCE OF ONE HUNDRED (100) FEET; THENCE RUNNING DUE WEST
<br /> A RIGHT ANGLES WITH SAID LOCUST STREET FOR A DISTAIJCE OF EIGHT-FIVE
<br /> (85) FEET; THENCE RUNNING DUE SOUTH PAR.ALLEL WITH SAID SOUTH LOCUST
<br /> STREET FOR A DISTANCE OF ONE HUNDRED (100) FEET; THENCE RUNNING DUE
<br /> EAST FOR A DISTANCE OF EIGHTY FIVE (85) FEET TO THE PLACE OF BEGINNING
<br /> EXCEPTING A CERTAIN TRACT OWNED BY THE CITY OF GR.AND ISLAND, STATE OF
<br /> NEBRASKA AS SHOWN IN RETURN OF APPR.AISERS RECOREDED IN BOOK 22 PAGE 9.
<br /> located in_ uAT T County, Nebraska.
<br /> TITLE:Borrower covenants 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 covenants 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 /> 9GX� PROMTGGORV NOTF AT�*n SF(•t7RTTV nrnF�Nr�,,rn nATFfl nnnuru �d � qqR
<br /> .
<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 this deed of trust is executed.
<br /> ❑ Revolving line of credit agreement dated , with initial annual interest rate ot �/o ,
<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 _ MAR[�H �7 �OOA
<br /> - 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
<br /> THTRTF.F'N THOL1CATyTM+ TWA Hii�TT]RFn ANT) *r+ 1(1p
<br /> / Dollars (S 'I?,2 p 0_�� __1, plus interest,
<br /> 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: ❑ Commercial p�y AGGTCNMFrrr nF RFta�rc . �
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Farm Homestead Protection Act, designation of homestead ❑ is attached to this deed of trust and made a part hereof
<br /> ❑ has 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 covenants contained in this deed of trust, including those on page 2, and in
<br /> any ri s descri ed above si�rrower.
<br /> �ti.-.�..2X. �-� /� ,�� �
<br /> __-��'►�__��«'(/ �. .��
<br /> DANIEL L WELCH �,NN C WELCH
<br /> ACKNOWLEDGMENT:STATE OF NEBRASKA, uAT,T
<br /> The foregoing instrument was acknowledged before me on this 24TH County ss:
<br /> by
<br /> day of �gCH, � 99R
<br /> Corporate or (Titlels)�
<br /> Partnership Of �
<br /> Acknowledgment a � ,��� .D��1� (Name of Corporetion or Partnership�
<br /> M � on behalf of the corporation or partnership.
<br /> y commission expires: - �� � `� ^�
<br /> ISeall � / - . '
<br /> This instrument was prepared by (`HRTQ r xacxTF `�"'�./ (Notary PubIIC1
<br /> �198ra8ANKERS SVSTEMS,INC.,ST.CLOUD,MN 66301 �7-800-397-23411 FORM OCP-nerr Nc ano�o, , _ _�. ..r...�_ _._ _
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