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<br /> ACKNOWLEDGEMENS OF DEED OF YRUST
<br /> TRUSTOR READ THIS HEFORE SIQNINQ: ���' j,O O�1 �i
<br /> Tru9tor understands that the documen!that T�usts;is ahout to execute!a a t]eed of Trust arxl�ot a martgage and thei the power
<br /> � ot sale provlded tor in the Qeed ot T�ust provides aubstnntially diHerent rights and obligations to Trustor than a moRpaye In the evant
<br /> of a datautt or breach oi obU�atlo�und�r the O�ed of T�uat,including,but not Iimited to,the Lender's rl�ht to heve the Properry aold
<br /> E+� the Tre!�tee wttheut any j�d�eia! prc+ceedinp. Trustor rspc�ssnts snd r:�s ant�! 3t thi„ aa�notit^�g.;m�n!L:aa oxoculed by
<br /> Trustor befara the execution of the Deed of Trus� Ig�,p,� } NTS �
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<br /> (Ernie ' . Thayer, Trust preei� t)
<br /> ' Trustor
<br /> : DEED OF TRUST WITH FUTURE ADVANCES
<br /> THlS DEED OF TRUST, is made as of the�tL day of Januarv , 19�,by and among
<br /> : the Trustor. _ Ta�a,.�a Tnvt�saltmantg� TnC_ �
<br /> whose maiUng address is p.11_BoY 1�, Grand island, NE (herein"Trustor;'whether one or more),
<br /> � the Trustee. W 11� n, . B1_a 1eh�rn� a m _mher eF hea NF. Gt�te n�r saan_ �
<br /> whose mailing address ls -p- n_ a.,Y ��a�� r_,-anrl Island, rJE-fi88t3?�22R0 (herein"Trustee'),and
<br /> the Beneficiary, Five Points Bank ,
<br /> whose maiting address is p• O. Box 1507, Grand Island, NE 68802-1507 (herein"Lender").
<br /> FOR VALtJABLE CONSIDERATION,including Lender's exiensien o!credit idantiflsd herein to
<br /> _s�land Tnves�ents, Tnc. (herain"8orrower',whether one or more)and the trugt herein createct. .
<br /> the receipt of which is heretty acknowledged,Trustor hereby irrevocably grants, transters, conveys and assigns to Trustee. IN < <':
<br /> TRUST,WITH PpWER OF SALE,for the beneiit and security of Lender,under and subject to the terms and conditions Nereinatte�set ;�:.
<br />- !orlh,th�reat propartyr,dssaribad as!o�lows:
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<br /> Lot One (1), Evergreen Subdivisioa, in the City of Grand isiand, Hall County, '-`=-
<br /> Nebraska . ��
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<br /> Together with all buildings,improvements.fixtures,streets,alleys, passageways,easemenis,rights,privileges and appurte- �
<br /> ! nances located thereon or in anywise pertaining thereto,and the rents,issue�and protits,reversions and rema�nders thereol,and `--
<br /> such personal property that is attaChed to the improvements so as to constitute a fixture,including,but not limited to,heating and
<br /> cooling equipmen�and together with the homestead or marital interests,i1 any,which interests are horehy released and waived;all
<br /> of which,Including replacements and additions thereto,is hereby declered to be a part oi the rea!estate secured by the lien ot this �
<br /> Oeed of Trust and all oi the foregoing being referred to herein as the"Properry".
<br /> Thls Deed of Trust shall sec�re(a)the payment uf the principat sum and interes!evidenced by a promissory naie or credit
<br /> • agreement dated Tanna� n� 1 A9p ,having a maturiry clate of .'ranuar�s g �,��5 —.
<br /> r
<br /> � in the original principal amount oi$—$D.OAtf_OA ,and any and al!modiflcations,extensions and renewals
<br /> thereof or thereto and any and all tuture advances and readvances to Borrower (or any o1 them if more than one) hereunder .��.
<br /> pursuant to one or more promissory notes or credit agreements(herein called"Note");(b)the payment of other sums advanced by —
<br /> Lender to protect the security of Yhe Note;(c)the performance of all covenanis and agreements of Trustor set forth herein;and(d)all �`—_
<br /> present and future indebtedness and obligations of Borrower(or any of them if more thars one)to Lender whether direct,indirect, : ,�E-
<br /> absolute or coretingent and whether arising by note,guaranty,overdraft or otherwise.The Note,this Deed of Trust and any and all � �,;
<br /> other docuents tl�at secure the Note or otherwise exocuted in connection therewith,including without limitation guaranfe�s,security
<br /> agreementa and assignments of leases and rents,shafl be referred to herein as the"loan Instruments".
<br /> Trustor covenants and agrees with Lender as follows:
<br /> 1. PayrMni ot Ind�btedn�sa.All indebtedness sec�red hereby shall be paid when due.
<br /> 2. Title.Trustor iu the ovuner ot the Property,has the right and auihoriry to convey tne Propariy,and warrants thai the lien
<br /> created her9by is a first and prior lien on the Property, except for iiens and encumbrances set�orth by Trustor in writing and
<br /> delivered to Lender betore execution of this Oeed o}Trust,and the execution and detivery of this Deed of Trust does not vlolate any
<br /> • . contract or other obllgation to which Trustor is subject.
<br /> . 3. Taxes,Ass�ssm�nb.To pay before delirquency al!taxes,special assessments and all other cha;ges against the Property
<br /> now or hereafter levied.
<br /> 4. Inturancs.To keep the Property insured against damage by tire,hazartls included wfthin the term"extended coverage",and
<br /> such other hAZards as Lender may require,in amounts and witn companies acceptable to Lender naming Lender as an additional
<br /> named insured,with loss payable to the Lender.In case of loss under such policies,the Lender is authorized to adjust,collect and
<br /> compromise,all c�aims thereunder and shall have the option ot apptying all or part of the ir�surance proceeds(i)to any indebtedness
<br /> secured hereby and in such order as Lender may determine.(ii)to the Trustor to be used for the repair or restoration of the Property =--_-- -
<br /> or(iii}for any oiher purpose or objeCt satisfactory to Lender without aNecting the lien ot this Deed oi Trust for the full amount secured �
<br /> hereby betore suCh payment ever took plece.Any app�ication ot proceeds to indebtedness shali nbt extend or postpone the dua ,
<br /> date o1 any payments under the Note,or cure any default thereunder or hereunder. � �
<br /> 5. Escrow.Upon written demand by Lender.7rustor shall pay to Lender,in such manner as Lender may designate.sufficient
<br /> sums to enable Lender to pay es they b�come due one or mo�e ot the following•(i)all taxes,assessments and other chargss against �
<br /> the Properry,(li)the ptemiums on the property In�urance required hereunder, and (ui)the premiums on any mortgage insurance
<br /> requir6d by Lender.
<br /> L 6. M�IntManct. R�pslrs and Compll�nc�wlth Laws. Trustor shall keep the Praperty in good condition and repau: shall
<br /> promptly repalr, ot rsplace any improvement which may be damaged or destroyed, shall not commit or permit any w•aste or
<br /> d819ri0retion of the Property: shall not�emove,demolish Or subslant�ally alter any oi the improvements on the Property;shall not
<br /> cOmmit,suNet or permit any act to be done in or upon the Proporty in v�otation of any law.ordinance,or regulat+on,and shall pay and n
<br /> promptly disCharge al Trustor's cost and expense all liens,encurnbranCes and charges Iavied.�mposed or assessed aga�nst tho ��
<br />- Properiy or any part th8rool � �,�
<br /> n 7 Eminfnl Domaln.Lender ig hgroby assiynod all compensation,awa�ds,ciamages and other payments or �elief(hpre�n,�tflEir t., .,
<br /> "�'►OC88d8")in connn�GOn w�th condemnetwn or other taking of the Property or part therepf.or fo�conveyance in 1�eu of condemna•
<br />° tion LendOr �h�ll bd ont�tled at its option fo cOmrnpnce,�ppear m and prosecut£�m �ts r�wn n;�n�E�any��tiOn pr proc�odincys..lnd
<br /> 3hitli p136 bEb On1i11�U tU tnAk�rany cornprom�se r�r 5UtUE:mCnt�r�c,bnrit�(,1�Un N�t��SuCh tlk�ny rn �1arn;lqr� In I�E+Uvpi�tany p�rt�on c�l
<br /> N6f 1{5)�N��SS��a�.:�.,•�.0��3�no.+(� rx
<br /> : A t WJ11 f16::e.�.tlP.���(�'•,�+'�e 1.,��:�ni Cr.�.J�nas�f��,�.,.�..,..., r,�t e ea�� �
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