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<br /> 99 106681 _
<br /> DEED OF TRUST O
<br /> PARTIES: This Deed of Trust is made on June 25, 1999 among,the Grantor, MICHELLE L RING, A SINGLE PERSON AND MARTY A o
<br /> VLACH A SINGLE PERSON("Borrower"),
<br /> AREND R BAACK, ATTORNEY, whose residence address is P. O. Box 790, Grand Island, Hall County, Nebraska ("Trustee"), and the
<br /> Beneficiary,HOME FEDERAL 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,NEBRAKSA 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 Bonower 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:914 W KOENIG,GRAND ISLAND,Nebraska 68801
<br /> LEGAL DESCRIPTION:
<br /> LOT SIX(6) IN BLOCK ONE HUNDRED TWENTY-SIX (126), KOENIG & WIEBE'S ADDITION TO THE CITY OF GRAND ISLAND,
<br /> HALL COUNTY,NEBRASKA.
<br /> Located in Hall County,Nebraska.
<br /> TITLE:Bonower convenants and wanants 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 June 25, 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 of this deed of trust is executed.
<br /> O 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 July O1,2004 if not paid eazlier.
<br /> The total unpaid balance secured by this deed of trust at any one time shall not exceed a maximum principal amount of$9,321.44, 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:ASSIGNMENT OF RENTS
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Fazm 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 convenants contained in his dee of tru ,including those on page
<br /> 2,and in a riders described a e s'gbed by Borrower. i
<br /> r � � /
<br /> MICHELLE L RING MARTY A LACH
<br /> ACKNOWLEDGMENT: STATE OF NEBRAKSA,HALL COiJNTY SS: ��� GENERAI NOTARY•Slale of Nebraska
<br /> The fore oin instrument was acknowled ed before me on June 25, 1999 DONNA L.RUHTER
<br /> g g g My Comm.Exp. �^ f-��
<br /> By MICHELLE L RING,MARTY A VLACH,
<br /> � My commission expires: 5' �" d�
<br /> otary Public)
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