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<br /> - _� - APPL# 002-00039739
<br /> CCDN 0100471498
<br /> � HOME FEDERAL - GRAND ISL�4ND
<br /> 221 South Locuot St., P.O. Box 1009
<br /> �rand �s�a 308-382•4000 802-1 Q09 9?�f Q����
<br /> ACKNAINLEDGMENT T� LyEEp �� 7RUST �-
<br /> The undsreipned"Trustor"es idsntified in the tallowtnp Deed of Trwt,whether one or �nore,understend that the _
<br /> donumsnt they ar�about to axecute ts e Daed of Trust and not a mortpage,and that the power of aale provided tor
<br /> In the Desd of Trust provides aubstantlAlly dfffsrsnt riphts nnd obllgstions to the Bor►cweri then a mortgays In the
<br /> event of e default or breeah of obligatlon under the Dead of Trust,including,but not Iimfteci to, the Beneffciery's right
<br /> to havs the P�operty Identified (n tha following Deed of Trust aold by the Tru�tee without any Judiciel proceeding.
<br /> Trustor representu end warrant4 that thie Acknowledgment wea executed by them beforo the executlon of the beed _
<br /> of Truat hereafter aei fonh. _
<br /> �
<br /> HARLEN R PAPKB
<br /> ��:v�-/i`'", `^ ' ��,�`„ �
<br /> VZCKZ L PAPKE
<br /> HOME EaU1TY LINE DEED OF TRUST
<br /> THIS TRUST DEED mede this Z4TH day of oc•roHER , 1997 between
<br /> FiJIkLIIi R P11P106 11ND NICKI L D11PKE. HII8H111JD xliD WIlB
<br /> hsrelnaksr call"Trustor",whose mailinp address is 4239 TSxAB AvB, f3RAND ISLAAD, NI3 68803
<br /> ;es"Trusteo";and Home Federal Savinga end loan Assodation ot Grand faland,whose
<br /> malUng addres�is 221 South Locust, P.O.Blox 1009,Grand Island, Nebraske 68802, u "Beneficiary".
<br /> For valuable considsretion,Trustor irrevocably grante,trensfers, conveya and a�slpns to Trustee, in trust, with
<br /> power of aele,for the bensfit and�ecurfty of Beneficiary, under end subject to the terme end conditions ot this Desd
<br /> of Trust,ths followfng described property located in �L �
<br /> Nsbrask�,to wit:
<br /> IAT FIVB (5). SN CAPITAL HBIC3HTS FIFTH 3L1BDI11I9ION, BEIN(i A TRACT
<br /> OB LAND COMPRIBINQ A PART OF THE SOUTHW89T QIIIIRTSR (8W1/4) OH 3BCTION
<br /> TNO (2), TNONBHIP SLSVSN (11) NORTH� RANf3g 'PSN (10) WBST OF THS 6T'Ii
<br /> P.M.� HALIa COUNTY, NBBRASKA.
<br /> togather w(th ell buildings,fixtures,improvemente and appurtenances thersunio belo�ping,it beiny�grsed that sll ot
<br /> ths torepdn�sh�ll be herein�fter referred to as the "Property".
<br /> FOR THE PURPOSE OF SECUHINO pe�formt�nce of eech agreement and covenent of Trustor herein contafned end
<br /> ths paymsnt of the p�incipel aum of T�=T���D �� �D�D°O� �MO��s
<br /> Dollus(0 3,soo.o0 1, ea evidenced by a Home Fede�ral Home Equfty loan Apreement batwsen
<br /> Trustar and 8oneflciary(tt�"Loan AgreeimenYl,pursuent to which Seneficiary wfll advance funds to Ttuator from time
<br /> to tim� at tite inte�eat rates e;�d upon+t�e terma provided therein, together w(th any aum or sums of money with
<br /> Interast thsreon which may hereefter t+e paid or advenced under the terms of this Deed of Trust,both principal aum
<br /> end interest thereon being payable eccording to the terma set forth in the Loan Agreernent, referer�ce to whtch is
<br /> hereby mede,et the office of the Beneflciary in G�and Islend, Nebraska, or et such oth�r place as Beneficiary may
<br /> desipnate in writin�.
<br /> TRUSTER AND BENEFICIARY COVENANT AND AGREE AS FOILOWS:
<br />-- 1. Wanmty of'Tid�. Trustor is lawfully aeized of the Property;haa good right and lewful authority to sell end
<br /> convey ths P�operty;the Property is free end clear of ell liens end encumbrances except liena now of racord; ond
<br /> Trustor witl warrent end defend the tfde to the Property► unto the Trustee end its successora and esaigns forever
<br /> egafnst the cleims of ell peraons.
<br /> Z. Ph►m�t of Principd�nd int�rst. Trustor ahell punctual{y pey the principal af,end interest on� all advences
<br />�— under the Loen Agreement and will punctuelty perform ali egreements,condiflons and provisiona of any other security
<br /> -= instrument gtven in aonnection with this t�ansactton.
<br /> 3, pr�s�rvation and Malnt�n�nc�of Prop�ty. Trustor will not commit any waste upon the Property at will, at
<br /> = ell times, malntein the same in good order and conditfon end will make, from time t� time, all repafra, renewels,
<br /> r replacementa,additions and improvements which are reasonably required to prevent waste,impei�ment or deterioration
<br /> ot sefd property. No building or improvement now or herea�fter erected upon the Propsrty shall be eltered removed _
<br /> or demollahed v�rithout the prior written co�sent of Beneficiary.
<br /> 4, ins�x�nce. Trustor,et its expense,wEll maintair►with inssure►s approvod by Beoeficlary,insurance with reapact
<br /> to the improvements end personal property constituting thb Property egafnst loaa by f(re.iightning,tornado ar�d other
<br /> � perila covered by stendard extended coverege endoraement in an amount equel to at lecst one hundred Rercent of the
<br /> full rapiacement value thereof, and insurance against such other hezards and in such emount as is custamarily carrisd
<br /> srsa aoe-i
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