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<br /> 99 107626 �
<br /> llEEU OF"fRUS7'
<br /> i
<br /> PARI7ES: This Deed of Trust is made on July 16, 1999 among, the Grantor, JAMES ANTIIONY MEISTER AND "I'RACY RENAI_: �
<br /> MEISTER, {�IUS[3AND AND WIFE("F3orrower"),
<br /> AREND R BAACK, A"I"f'ORNEY, whose residence address is P. O. [3ox 790, Grand Island, Hall County, Nebraska ("'I'rustec"), and the
<br /> E3eneficiary,IIOM6 FFDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,a corporation organized and existing und�r the
<br /> laws of N[iE3RASKA whose address is 221 SOUTtI LOCUST'STREET,GRAND ISLAND, NEBRASKA 68801 ("Lender").
<br /> CONVEYANCE: For value received, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, lhe 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: 551 E CAPITAL AVE,GRAND ISLAND,Nebraska 68801
<br /> LEGAL DESCRINTION:
<br /> LOTS ONE(1)AND TWO(2),GALVAN SECOND SUBDIVISION,HALL COUNTY,NEBRASKA.
<br /> l_ocated in tlall County,Nebraska.
<br /> TITLE: E3orrower convenants and warrants title to the property,except for
<br /> SECURED DE13T: 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 PROMISSORI'NOTE AND SECURITY AGREEMEN"t'DATED July 16, 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 /> ❑ Revolving line of credit agreement dated ,with initial annual interest rate of %
<br /> All amounts owed under this agreement are secured even though all amountsmay 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 /> "I'he above obligation is due and payable on July 21,2004 if not paid earlier.
<br /> "I'he total unpaid balance secured by this deed of trust at any one lime shall not exceed a n�aximum principal amount of$7,01 I.50, plus
<br /> interest, plus any amounts disbursed under the terms of this deed of trust to protecC 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 /> � V�riable 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 tenns under which the interest rate may vary is attached to this deed of trust and
<br /> made a part hereof.
<br /> RIDERS: ASSIGNMGNT OF RENTS
<br /> DBSIGNATION OF 1iOMESTGAD
<br /> Pursuant to the Farm Homestead Protection Act, designation of homestead iC�ttached to this deed of trust and made a part hereof has
<br /> � been disclaimed; the disclaimer is attached to this deed of trust and made a part hereof.
<br /> SIGNATURES: l3y signing below, Borrower agree to the terms and convenants contained in this deed of trust, including those on p:�ge
<br /> 2,and in any ride�s descr'b above si � rrower. �
<br /> � .
<br /> J ES AN'I'110N MEISTER TRACY RENAE MEISTER
<br /> ACKNOWI.F,DGMGN7': STATE OF NF.BRASKA, I�ALL COUNTY SS:
<br /> '1'he forcgoing instrument was acknowledged before me on July 16, 1999
<br /> k3y JAMES AN"I'Ii0 ' ' ' M, S7'Eft, HUSBAND AND WIFE
<br /> III r AL NOTARI'•State of Nebraska
<br /> My commissiun cxpi DEBORAH L.KIMBLE � ,
<br /> m:f�NoV.23,1999 otary Public►
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