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<br /> � 1Q.5 vO�� �O O�j�� Huiiman and Feltan 8 Woif,WaRon,Ne.68461 ��
<br /> t ACI�NOWI.EDGEMENT OF IDEED OF TRUSTAS SECURITY INSTRUMF•NT li
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<br /> � We,��_�.�tY_A_BERSTLER AND KAREN S BERSTLER ��
<br /> d"I�vstora"1
<br /> ��
<br /> uaderthefollowin�DeedofTrusttabeentoredintaumaunRTrustors,._�N P. B TS �
<br /> . ' ("Trustee"), and 1ST NEBRASKA CRFDIT llNION C'Benefciary")covering the property deacribed 'I
<br /> �la::•hcr.•�}�z;,tiaokt�dge thaL it ia un��+rtua3 that ta:thc D:,;,3�f T:u�t w1�...^,c::c�uL:rt Sy Tras;,ar ir a�;u�:u�+t a�►d i i
<br /> not a mortgage and(b)the power of sale pravided far in the DeEd of Truat providea substantially ditTerent righta and ,�
<br /> obligationa ta the'rruator than a mortgage in the evenE ot'default or breach of obligation. �
<br /> Truetar acknowledges that this Ackaowledgment�vas made prior o t e execution of'the Deed of Truet. I
<br /> � Executed and Delivered thie���_day of Janua , 1990 �
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<br /> � �9ta �I
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<br /> � � DEED OF TRUST '
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<br /> � THIS DEED OF TRUST.is made as of th da of January , lg 90 ,by
<br /> � 253b WE5 �RY A BEliSTLER AND ° S�TL l"Truator"). �vhose mailing address ia
<br /> ERTS
<br /> ("1�uatee"),whosemailingaddressis � I�
<br /> �
<br /> � �a ("Beneficiarv') �
<br /> ' whose mailing address ia 4951 CENTER STREET OMAHA NE �
<br /> FOR VALUABLE CONSIDERATION. Truator irrevocably tranaFera, con��eys and assigna to Truatee, IN TRUST, II
<br /> • WITH POWER OF SALE,for the henefit and security of 8cacficiury,under and subject ta Lhe terms and canditione of tliia �j _
<br /> � Deed of Truat,the real property located in the City of GR�N� ISLAND ,County of �I �
<br /> � HAI.L ,State of Nebraska.and legally described as followa(the "Property"): i ,;
<br /> . ;
<br /> ' LOT 14, BLOCK 2, PARKHILL SUBDIVISION, AN ADDITION TO THE CITY OF 'I f _'
<br /> �. GRAND ISLAND, HAI.L COUNTY, NEBRASKA. �l t,=
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<br /> -.._ ._. ; � . � _ _
<br /> ; T'O('E1'HER W1TH,all rents, easements. appurtenancea, hereditamenta, intereats in adjoining roads, streete and �:
<br /> � alleys,improvements and buildings of any kind situated thereon and all personal property that may be or hereafter become -
<br /> ' an integral part of suc h buildinge and improvements,all crops raised thereon, and all water righta.
<br /> The Property and the entire estate and interest conveyed to the Truatee are referred to collectively ae the "Trust �� ,
<br /> � Eatate". .
<br /> , FOft THE PURPOSE OF SECURING: �
<br /> a. Payment of indebtness in the total principal amount of$ 13996.47 ,with interest.thereon,as evidenced by . i
<br /> ? thatcertainpromiasorynoteofevandate(thE"Note")withamaturitydateof 1-18-1994 �
<br /> � eaecuted by Trustor,which has been delivered and ia payable to the order af Beneficiary,and which by thia reference is � _
<br /> j hereby made a part hereof,and any and all modifications,extensions and renewals thereof,and � �
<br /> ' ; b. Payment of all sums adva ced by Beneficiary to protect the Trust Estate. with interest thereon at the ra,+,e of
<br /> Z�,ielve percent ( �2 xi�:er annum, and �
<br /> ; c. The performance of Trustor s covenants and agreemente.
<br /> ; Thia Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and ��:-
<br /> � performance of any obligation aecured hereby are referred to collectively as the"Loan Instruments". � Y;,t,
<br /> 1 TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br /> � 1. PAYMENT OF INDEBTEDNESS.'l�ustor ahall pay when due the principal of,and the interest on,the indebtedness � �
<br /> � evidenced by the Note,charges,feea and all other suma as provided in the Loan Instruments. ' •
<br /> 2. TAXES AND ASSESSMENTS.Trustor shall pay all taxes and special assessments of every kind,now or hereafter � : _
<br /> ' levied againat the trust estate or any part thereof as follows: � ,
<br /> (initial one) —-
<br /> ; Truetor shall directly pay such taxes,without notice or demand as each instaliment comes dne and shall provide �
<br /> ; the beneficiary with evidence of the payment of the same. •
<br /> � Trustor ahall pay to beneficiary one-twelfth of the real estate taxes each month and such other assessments as i
<br /> ' they become due.The one-twelfth payment shall be adjusted annually as the taxes change and trustor agrees that 4
<br />. after pa�yment of Lhe taxes each year that any deficiency wili be prompLy paid tu Beneficiary. Beneficiary agrees j
<br /> to provide Lruator with,receipta showing that the real eatate taxes have been paid in full and when due. i
<br /> 3. INSURANCE AND REPAIRS. Trustor shal] maintain fire and extended coverage insurance insuring the
<br /> improvements and buildinga conatituting part of the Truat Estate for an amount no less than the amount of the unpaid
<br /> principal balance of the Note(co-inaurance not exceeding 80�/� permitted).Such inaurance policy shall wntain a standard
<br /> � I mortgage clause in favor of Beneficiary and shall not be cancellable, terminable or modifiable without ten(10)daye prior
<br /> written notice to Beneficiary.Trustor aht�ll promptly repair,maintain and replace the'Frust Estate or any part thereof so
<br /> that,except for oidinaiy wear and iet+r,tne Trust Estate shall not deteriorate.In no event shall the Trustor commit waste
<br /> on or to the Truat Eatate. f---_- - -
<br /> 4. ACTIONS AFFECTING TRUST ESTATE.Trustor ehall appear in and contest any action or proceeding purportin '
<br /> ' to af'fect the security hereof or the righte or powers of Beneficiary or Truatee,and shall pay nll costs and expenses,including �
<br /> oost uf evidence of title and attorney's fees,in any such action or proceeding in which Beneficiary or Trustee may appear. �
<br /> Should Trustor fail to make any pavment or ta do any act aA and in the maaner provided in any of the I,oan Inatrumenta, '
<br /> Beneficiary and/or Trubtee,each in its own discretion,without obligation so to do and without notice to or demend upon (f '
<br /> �� Trustor And without releasing'i'rustor from uny obligation,may make or da t!:�sar.!^in ee��h manner ssa t^^_ee!:��•_;,.^:� !�
<br /> L �; as either may dcem necessary to protect the security hereof. TruAtor shali, imrnediately upon demand therefor by
<br /> �1 Bene�iciary, puy all custA and expense9 incurred by $ene�ciary in cunnectiun with the exercise by Aeneficiary of the ��
<br /> !� foregoin�rights,ineludin�without limitation casts of evidence t,�,title,rourt cost5,appraisals,4UfWCyS tiilll ALCOI'�1Ny�8 rCCB. :�
<br /> Any such eosts and exprnses nat paid within ten (lU)daya of written demand �:huU dr��w interext nt th�default r�te �,
<br /> provided in the Note�. �
<br /> �i. F:MINN:NT DnMA�1N. Should thc•"('rust F.'�t�di•,��r r�ny purt thenv�f ur int�•re��t ther<•in, be taken ur dmm��;ed by
<br /> resiaon nl' any public improvemrnt m• cnndemnatiun proav•din�, r�r m any ��the�r manne�r includin�; d��t�d ro lieu af r'
<br /> (•ondcmn�rtir,t� r (:nndemnrilion"4 nr 4hould TruNt��r r�•t���iw• :inY nutiei� ur uthi�r mfi�rmnt�un r��t:nrdin��u�•h �n-ucc�edin�•, ::_ �.
<br /> 7'rust��r 4h;�lf���vr prornpt writt<rn nutice•thrreof tu Iif•u�•firu�ry. 13t�n�•(ir��n�y�hE�ll h�•��ntitlyd t��aU rn�npi•n�atinn.���►�nrdH
<br /> ��nd�rth�•r p:�}•nu•i�t�ur rE•h��Pth��rrfirr.and sht�ll b��rnt�t{E�d nt itv r�pt inn tu�•��mm�•n�F•. :���prar�n;ind prn,:���•ute•in itK uwn
<br /> nnmi� .�ny :u•tiun nr pr�K•�v�tlui�� IiF•nnfiruu•V kh�ill fil�u hi�rntiU�•d tu tu:ikr :my i,�uiEu�m�r.�� ,n�,�•111�•me•nt �n iuntie•rt�nn
<br /> w�th auch tr�k�n}!��r t}timn�;e• All r���h r�,n�prnvr�h��n. :�wurri�,�lannu�;��� �i�;ht�:��1 :n ia�n.iud�:r������•�iy;iu:,��r1rd t„'I'ruYl��r �
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