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<br /> � RE'RECO$1}ED . • .
<br /> . � ACKNIsNLEDGEMENi'�F DEED OF TRUb. ? gQ'�i Q�E��c� - - - ,
<br /> TRllSTQR REAO THIS BEFORE SIGNING: � �/� _ i O V V t��+� `�
<br /> V'�
<br /> Trusior understaeds thatthe document that Tiustar i$about to exec�te is a Deed ot Trustand nW a martgageand thatthe power '
<br /> � oisale prav[ded tor in the Deed o!Trust provides substantialiy diHerent rights and obligaUOns to Trustarthan a moRgaga dn the event
<br /> of a default or brescA of obligation under t�e deed ot Trusf,including,but not timited to,the Lertder's rigAt to have the PropeRy soid
<br /> � by the Tnis�ee Mrithout any Judicial proceeding.Trustor represents and wanants that this ackno tedgemen!was executed by �
<br /> TtrJSh1T fi@fOfB ti19 BRBCtI�iQR Ot ttt8 0@6d d1'EfttSC . '
<br /> / ' .
<br /> ' (R�t 'ckhoff) rustor
<br /> .
<br /> Trustor
<br /> � DEED OF�RUST WtTH FUTUt�E��lDVANCES ' . : � �
<br /> , • THiS DEED OF TRUST.is made as of the�1�t..day of �anuar� '-�� ��� T � ; !���;;�d arttong . '
<br /> � tt�s Yrus�or, Rartci�r Eickho�€�..a sinc�Ie aer�. _. �_ � ��.. - �, ,
<br /> . . �;�`
<br /> .:. , ,vrhose rttaiting address is --407 Iva�!'�.h Che�Okee. C�atP� .Zs1az3F�, NE kli�ein"Trustor,"whethgr � ,v f'}. �� .
<br /> , G;;:��r ra�re).
<br /> ,i#'eTr,;.a�.t�c.; . Wj,lliam [' R��.a�YTl�� �r e �hca 1��' St--ta :ar sa.an `:;r' , .
<br /> _ ;� ,� • . .
<br /> s��i�crailing address is P.O. Box 2Z8Q. G7rand Island, I� fi8802 (herein"Trustee'?.an+f '
<br /> , , .. :� .
<br /> - • , - :.=�e�enefrciary, � Five Fo3tlt� &�Ttk• � . _ _ - .
<br /> � whose mai[irrg address is P.O. Box 1507, G�and ��nd: fifi .�s8802 (herein"i.ender'�_ . �
<br /> ' ' FOR VALUABLE CONSI�ERATtON,inctudirtg Lender's extension af crea•:�dentitied herein to .
<br /> �
<br /> : ' R�atidy Eickhoff (hereirt"Barrower",whettter one or more)and the trus!herein create�, � • "
<br /> ; the receipt ot whiCh is hereby acknowtedged.Trustor hereby irrevocably grants,transfers,conveys and assigps.to Trustee,IN � `
<br /> TRUST.WITH POWER pF SAI.E,for th�benafit a�td securiry of Lende�.under and subject to the terms and c;�:7dttipp&hereiaafter set '
<br /> • faRh,the real property,descrlbed as foltows: �
<br /> Lot Eighteen (18), in Block One (1), D�a3.e Roush Seoond Snbdivision, in �he�City,• ;�'�' ;
<br /> " : cf Grand Island. Hall County, Nebraska. � .:.�'
<br /> ; r� • _
<br /> � .
<br /> Together with afi buildings,improvementS,fixtures,streets.alleys,passageways,easemenis,rights,privlleges and appurta•,� �-• -
<br /> nances IocateCl thereon or in anywise perta�ni�g thereto,and the rents,issues and p�ofits,reversians�rtd rama;nder3 thereaf.and -
<br /> j such personal prope►ty thet is attached to the improvementa so as to constitute a fixture,including,but not limited ta,heating and '
<br /> , cooling equipmen�and together wlth the hom9stead or marital interests,if any,which interests are horeby released and walved;aIl ��
<br /> ol whtch,inoluding replacertients a�d additi0ns thareto,is hereby doclared to be a part of the real estate secured Ey tfie tien ot this �—
<br /> Deed ot Trust and all of the toregoing being referre�to herein as the"Property".
<br /> This Deed ot Trust shail secure(a)tha payment u1 the principal sum and interest evidertced by a promissory note or credit
<br /> . agreement dated _sl�ril�Ly 31. 1990 ,hav:rg a maturity date ot �_Feb�yarv 5, 1997
<br /> —, +.
<br /> in the original principal amount ot$ �7,$Qp,.Qd ,and any and al!modffications,extensions and renewats -
<br /> thereo!or thereto artd any and all tuture advances and readvances to 8orrower(or any o}them if more than one)hereunder '
<br /> : pursuani to one or more promissory�otes or oredit agreements(herein called"Noto"):(b}the paymsnt of ofher sums advanced by �
<br /> ; Lender to D�ptect the security o}the Note;(C}tho perfotmanco 01 all Covenants and agreements of Tretstor set forth hereln;and(d)aN �:� �
<br /> , present and tuture indebtedness and o6ligdt�ons of sorrowec(or any o!them i�more than one)ta lender whether direct,lndirect, r
<br /> absolute or contingent and whethe►arising by nate,guaranty,overdrait or otherwise.The Note,this Deed ot Trust and any and a�l � � •
<br /> other doCUents that SeCUrethe Nofe or otherwise executed in Connection therewith,including without limit�tion guarant�as,securlty
<br /> agreements and asstgnrrsents ot leases and�ents,�shall be reterred to herein as the"l.oan Instruments".
<br /> Trustor covenants end agrees wi;h Lertdor as to�►ows:
<br /> 1. P.rn�.�f a tnd.�i.an.�a.AU�.��abtednqss secu►ed here�SN shall be paid wnen due.
<br /> i 2. THN.Trustor is the ownor_of tRt�Prope►ty,has.th�rJg;►9 dnd.authority to.00nvey the Properly,and warranta thal the lien- �� - - -�-�-
<br /> , � eieafed hereby!s a firat and p�lor tien on tha Praperty, excep!for i�ens and.enaumbrances set fortn�y;ruator in writing and
<br /> � delivered to lendet betore execution of this peed ot Trust,and tho executio�:;�td��et�vpry of this peed ot Trust does not violate any
<br /> contract or other obligation to which Truato��ia s;:�;�yct.
<br /> 3. Taxef„Ass�ssm�nf�.To pay bafora delir.,7agncy al!taxes,special a�sessments and all other cha:ges ag�inst tha Property •
<br />, now ot here�`.ter levied.
<br /> . 4. InsursnC�.To keep ihe Prape►ty inSuret4 aga'.�Stdamage by fire,hata�a�inCluded within the tgrm"extended coverage",and
<br /> suCh other hazards as Lender may requiro,in a^:;+�:ntA�nd with companies a��eptabfe to Lender naming lender as an additior,o�
<br /> ..• named insured,with loss payable to tho Lender.'�:;.�se o?toss under such policies,the Lender�s authorized ta adju5k v�llect ar.�
<br /> cOmpromise,all claimsthereunder andsha�l have L"E�optio�ot applying all or part o}the insurance praceeds(i)to any�r•stzbtedrtess
<br /> • ' seCUrE�d hE�r��y and in ssfCh order as Lfmdor m�y�gt9rmina,fi�fr..,;he Trustor to be used for the repair or restoratio�r Gt t:�te Property - �---
<br /> or(iiijfor any 3ther purpose or�bject satist8ci�ry.•,c.�eadmr w�51:�a,��Necbng the Nen of this Deed of Trust for the fuU amount secured +�
<br /> hereby betore su►;�pgyrnent ever took place. Any,�p��i�a'.iun at proceeds to indebiedness shall not e;°3nd or postpane the due �
<br /> , date ot any paymer.•.g�:,7er the Note,or cure�any,;,a`a�,tit•tt►�reunder or he►eunder.
<br /> 5. EsCrow.Upm a;,tten demand by Lend9r,'�c�&+.v�sha'�ay to Lender,in such manner as Lendet may dssignate,sutliciant ,
<br /> -_._. _ . sums tQ en�btg t,errQgF t�Ray as they beco�edu��ne ar.cn�re�:,�.o�alta:�ing-(i)att taxes,assesssnenfs and�it�vr cfi�srg�s egainsi i -
<br /> the Property,(ii)fhe premiums on the properry�n�uran�fl rBQ;�.�ed hareunder,and(�ii�tfie premiums on any mortg�ge insurance
<br /> requirecf by Lender.
<br />: � 6. M�IniNtanc�,R�pairs artd Complisnc�wild�Lews. Trustor shall keep the Praperty in good cdnd�t�on and repa�r:shall
<br /> promptty repair,or replace �ny improvement�vhi6h may be damaged or dastrvyed: shall no! commit or permit any vtastg vr
<br /> deterioration ot the Properly; shell nOt r�mov9.demph911 0�yubstilntiatly alter any of the improvements on the f'roperty,shAll not �
<br /> commit,suifgr or permit&ny aCtto bedone m or upan thq F�roperty in viotahon of any iaw,ard�nance,or regulafion;�nd sha{I pay and �
<br /> promptly discharge at Trus�oe'S cost and exp�inse al1��e+�S, encambtences ar,d charges lov�ed,,mposed or assessed against tha
<br /> Property ar eny paR thereol. •
<br /> 7 Emtn�nt Qomata.LendeE is hereby assig��a-�dflmi38ttSatiOR.8w3td9,dam,�t,�e9 and oth�r p�ytlrent5 or rt�fref(('rBremaftET► � �
<br /> "t�raGe�ds'y in tonnttcGan with condemnatian or at�+��r faking c�l the Property ar part tiiereot,nr lor conveyanC�+r�lieu Ul c�ndemna•
<br /> tipn Len�er st�atl ba flnt+tted at its opf�of�to camrn�hc,�s,_aynba����and��ns�cuto�n�fs o�un nt�mE�ilpy%iG1aOFl pt ptOCC+FJdlRg9.dRF� �
<br /> . shal!afsv be ent�tted to mak�any�pmprnm�gtt.ur�:c�ttll:ri�E���t�r cv�mE!ctivr rr�ttr�uch t��k�rtg t�r d�trFayo !�;1ht�t veM any{���rtron c>f �
<br />� kt74.IA3/t pc•n����<�.�tu.�s UeM!Ae��D•H0 . '
<br />. O1p83Natw�+ultanY�,�to.,�nK.co��u�i��✓fS�..�q�4��:a��r���: �:fttJ..1/n7��xW .
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