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<br /> DEED OF TRUST 99� 1(�6162 � � NZ
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<br /> PARTIES:This Deed of Trust is made on JiJNE 7, 1999 , among the Grantor, sRUCE T RASMUSSEN • �
<br /> AND D(�NNA J RASMUSSEN, HL*SSAND AND WIFE (°BOffOWBf°), ��
<br /> ARF.T7L) R SAACK, ATT�RNEY
<br /> whose residence address is po sox �eo, crand rsland, Ha11 County, Nebraska ("Trustee"1, and the Beneficiary,
<br /> HOME FEDERAL SAtISNCS k i�OAN ASSOCIATIDN , a corporation organized
<br /> and existing under the laws of NESRASKA whose address is 221 S�TITH L�CiTST STREET,
<br /> CRAND ISI�AND, NESRASKA 6AA0?-1009 ("Lender"►.
<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"►.
<br /> PROPERTY ADDRESS: 1320 ISLE ROAD , GRAND IS2�AND , Nebraska 68803
<br /> LEGAL DESCRIPTION: Istreetl ICity) Izip Codel
<br /> LOT TWENTY (20) IN BLOCK ONE (1) , IN ISLAND ACRES NLTMBER TWO (2) ,
<br /> BEING A REPLAT OF LOTS ONE (1) , TWO (2) , THREE (3) , FIVE (5) , SIX (6) ,
<br /> AND SEVEN (7) , IN ISLAND ACRES, A SUBDIVISION IN THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA.
<br /> located in 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 secuI�reId debt is evidenced by(List all instruments and agreements secured by this deed of trust and the dates thereof.l:
<br /> 4c3[ A PR�MTSSpRV N�TE AT�i1) GECLTRTTY ACREEMENT DATED Tf_TNE 7, 1999
<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 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 DECEMRER 18, 2001 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 /> FnTTRTF.F.N THOiTSAND TWO HLTNDRRD THTRTY FTVF. ATTn 'I R�'100 Dollars (S 14�235_18 I, 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 lxx ASSIGNMF.NT OF RENTS ❑
<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 riders described above signed by Borrower.
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<br /> �.�.� I� ��I�,��-�- ���-����. �. :��L�����,
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<br /> BRUCE T RASMUSSEN DONNA J RASMUSSEN
<br /> ACKNOWLEDGMENT: STATE OF NEBRASKA, County ss:
<br /> The foregoing instrument was acknowledged before me on this 7TH day of �F� l 999
<br /> bY S iT('F T RA9MIISSFN ND DONNA T RARMUSREN, HTTQAAND AND WTFE
<br /> ITitlels)1
<br /> Corporate or
<br /> Partnership Of (Name of Corporetion or Partnership)
<br /> Acknowledgment a on behalf of the corporation or partnership.
<br /> My co x�nmzf�,Q�f�tsffi,1999 �-��1�
<br /> (Seaq 4HARON KT FTNT . ��j����/� � (NOtary Public)
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<br /> This instrument was prepared by �HARON KT FTNT •
<br /> p7985��1KERS SYSTEMS,INC.,ST.CLOUD,MN 56301 (1-800-397-2341)FORM OCP-MTG-NE 6/19/91 nAAT.$ (1f�(:1�2�7"3 �Page 1 of 2/ NEBRASKA
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