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<br /> DEED OF TRUST � � �,,,�' � �
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<br /> PARTIES:This Deed of Trust is made on �TTTNF. 16, 1999 , among the Grantor, n RR . . � W . •KTNC Nn
<br /> QRF.T HF.N . .KTNG HiiRRATii� NTf WTFF. -
<br /> orrower
<br /> AREN1] R B A , ATTORNFV Q��
<br /> whose residence address is pn Rox �90, �rana T�ia„a, Hall County, Nebraska ("Trustee"), and the Beneficiary, �
<br /> H MF. FD .RAT, SAVTNCS T,p N ASSOC'TATTpN , a corporation organized
<br /> and existing under the laws of NFSRASKA whose address is 221 SOUTH LOCt7ST GT . .T�
<br /> CRATSn TGLAi�� NESRASKA 68802-�009 ("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"1.
<br /> PROPERTY ADDRESS: 1318 N PARK ST , GRAND ISI,AND , Nebraska 68803 I
<br /> LEGAL DESCRIPTION: Isveeq (c�ty1 (Zip Code)
<br /> LOT FOUR (4) ASSEMBLYVILLE SUBDIVISION, AN ADDITION TO THE CITY OF
<br /> GRAND ISLAND, HAI�L COUNTY, NEBRASKA.
<br /> located in HAi,L 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 secunred debt is evidenced by(List all instruments and agreements secured by this deed of trust and the dates thereof.►:
<br /> 4GX A PR�MISSORY NOTF. ATTn G . TRTTV AC� . .M NT DAT .D TTTN . �6, '1 999
<br /> �Future Advancea: 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 % .
<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 ,7'[JNE 15, 2004 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 /> crx THn TCATQT) THRF.F. x ran .n Nn xo/�oo Dollars (S 6�300_00 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 Rata: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 � ARSTGNMENT 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 /> SIGNATU ES: By signing below, Borrower agree to the terms and covenants contained in this deed of trust, including those on page 2, and in
<br /> a iders described above signed by orrower.
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<br /> DARREL W ELKINS GRETCHEN L ELKINS
<br /> ACKNOWLEDGMENT:STATE OF NEBRASKA, HALL County ss:
<br /> The foregoing instrument was acknowledged before me on this 16TH day of .7i7NF., 999
<br /> bY LIARRF.T.T, W ELKINS AND CRETCHEN L ELKINS, Hi7SflAND AND WIFF.
<br /> �Title1s11
<br /> Coiporate or
<br /> Partnership Of e ot NeCraska (Name of Corporation or Partnership)
<br /> Acknowledgment a �I STEVE POPPE
<br /> n behalf o� corporation or partnership.
<br /> My commission expires: My Comm.EXp• e�• � _ _ . _ __
<br /> ISeaq - INotary Publlcl
<br /> This instrument was prepared by
<br /> I m198 KERS SYSTEMS,INC.,ST.CLOUD,MN 56301 (1-800-397-2341)FORM OCP-MTG-NE 6/19/91 j I �.1 Of 2� NEBRASKA
<br /> �lR'� APPL# 00063Di6'g , � , ,� �•�
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