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<br />DEED ON'IRIISri'
<br />PARTIES: 'I'his Deed of Trust is made on 12/09 /2002 among the Grantor, HAROLD E CARMICHAEL 1R AND KATHY D CARMICHAEL,
<br />HUSBAND AND WIFE ( "Borrower "),
<br />AREND R HAACK, ATTORNEY, whose residence address is E 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 />Iawa of NEBRASKA whose address is 221 SOUTH 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, the 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, casements, rents, issues, profits, income, tenements, heredltaments, privileges and any appurtenances thereunto belonging (all called the
<br />"property ").
<br />PROPERTY ADDRESS: 4246 BRANDING IRON C'1', GRAND ISLAND. Nebraska 68803
<br />LEGA I. DESCRIPTION:
<br />1.O1 'I W ENIY (20), WESTERN HEIGHTS FOURTH (4TH) SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />Located in Hall County, Nebraska.
<br />'1'1'1'LE: Borrower cenvenants and warrants title to the property, except for
<br />SECURED DEBT: This decd of trust accures 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 aid
<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 />IS A PROMISSORY NOTE AND SLC'.URI'l Y AGREEMENT DATED 12/09/2002
<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 exeented.
<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 ifmade on the date this deed of trust is executed.
<br />The above obligation is due and payable on December 15, 2009 if not paid earlier.
<br />The total unpaid balance secured by this decd of trust at any one time shall not exceed a maximum principal amount of $22,873.68, plus
<br />interest, plus any amounts disbursed under the terms of this deed of nest to protect the security of this deed of trust or to perform any of the
<br />covenants contained in this decd 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 ofthat obligation.
<br />❑ A copy of the loan agreement containing the terms under which the interest rate may vary is attached to this deed oftrust and
<br />made a part hereof.
<br />RIDERS: ASSIGNMENT OF RENTS
<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Fan» Homestead Protection Act, designation of homestead i "ttached to this deed of trust and made a part hereof has
<br />❑ been disclaimed; the disclaimer is attached to this deed oftrustand made part hereof
<br />SIGNATURES: By signing below, Borrower agree to the terms and convenants contained in this deed of trust, including those on page
<br />2, and in any riders described above signed by craven.
<br />HAROLD E CARMICHAEL JR - r/' KATHY D CARMICHAEL
<br />ACI4NOWLEDGMENT: STATE OF NEBRASKA, II ALL COON "IY SS:
<br />The foregoing instrument was acknowledged before me on 12/092002
<br />By HAROLD F CIARMI( I TAIL R and I AI IIY D CARMICHAEL. HUSBAND AND WIFE
<br />My commission expires' .C- Ly, 2,kj
<br />(Notary Public)
<br />II GENFAAT NOTANy-IM of Nebraska
<br />CHRIS L. KASKIE
<br />My Caurn Exp. lies. 29,2M
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