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<br /> � � � ACKN4lNtEDGEMEN'�OF DEED OF TRUST � � ,
<br /> � � � �. ` 90���.�4f �
<br /> �� 7RUSTOR READ TH1S BEFORE SIGNEIPiG: � � � ,
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<br /> ' Tnistoi understands thatthe,docttment that7rustw is aboihto exec.�te is a De�ed of Trus4,attd nota mortgage artd thatthe power , . ,
<br /> � of sate Rravidedlor in the Qeed ot7rust prwides substantiatty difterent rigMs and obiigaiions to Trustor than 8 mortgage intne evertt , :
<br /> •of 8t deisuli or breach of obligation ur}dertl�e Q�ed of Trus�inctuding,but not limited to.the Lf der's rightto have ttse Property so:d �. .
<br /> � by the Trustea without any judicial p�oceeding:Trustor represents and arrants that �aknowte�i emert!w�a executsd by
<br /> � Trustor betbre the executian oi the D�oi Trust � � . -
<br /> � . � , � f D. stflr . Husband � ' , . , � ,
<br /> � .
<br /> ' , - - ` . (Colleeiz M.� tor Wife � `
<br /> . `';� � ' DEED ��TRUST WitH FUTURE ADVANCES � �
<br /> ' , , �HIS DEED OF TtiUST,is made as of the�day of � �� ,49�by and ampng, . , . "
<br /> ` � � the Trustor, James D. Goodwin�& Colleen M.- Gooc�in. husband and caife � - ., , . ' , .-
<br /> . . - -----— <-- - � .-:: - - - . _ , -- - -__. --
<br /> ` whose rrraitng address is `�� Johnson Plaoer G.I.. NE 68803 (hersit�."7rustor;'wttether one or more},
<br /> . . �
<br /> � the Tndztee, W>»�am r_ wiaekt�+._�, A memb�r of the I� State_Bar Assn. , ' � . .
<br /> whose mailing address is�•O. Box 2280. CYattd Island� NE 68802 �ryer�in°Tcustee"),and _
<br /> ' - . -�. . .
<br /> Five Poinfs Bank • -
<br /> ttte Beneftciary.. . - - - . , �
<br /> � whose maiting address is P.O. Box 1507. Gtand Islat�di NE 68802 �herein"I.endeP'}. . �
<br /> FOA VALUABLE i:ONS[DERATI�N,including Lender's�xtension af credit identi�ed herein to T�+�wa n. �G �'����n_ . .
<br /> • �� �n � (he;ein,"Borrr,wer",whether one or more)and tfie trust hecein c�eate�, . . �
<br /> • the rc-c�pt of whfich is hereby ackrtowledged.Trustor hereby i►ievocably grants,.t�arsters,conveys and assigns to Trustee,IN ,
<br />: . TRUS�:�YRH POWER OF SALE,for±he bene�it and security ot Lender,under and s�::;�et to the terms and condikons heretnafis►set . • . .
<br /> forth,the��pra�erty,descrlbed as follows: �e West�etly One-Fia].£�f wi�.of Lot Three (3), In �
<br /> � B2ock One �undred Sevente�n (�17)� in Railroad A�3ditioxn �o the City of Grand Island�� , � �`:°�.
<br /> . Hall Couilty. Nebraska ..:
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<br /> • � Together with all buildings,improvemem,s.tixtures,streets,alteys,passageways.easemem�,rights,privifeges and ap�uRe- , .;;��<�_
<br /> ' nancas tocated thereon 6�in anywise pertainmg thereto.and the rents,issues and profits,raversions and rema►nders thereat and �'y,.%,a
<br /> ; such personal property that is attached to the impravems;^.ts so as to constituie a f'sx!ure,including,but not Ilmited to,heating and �
<br /> � � coaling equipmenx and togethev with the homestead or marital interests,if any,wh;�^�:���teresta are hereby reteased and wa'sved;alt - �
<br /> ; of which,includirtg replacementaand additions tfiereto,is hereby deciared to be a�:~��ci the real estate sec�red by the lien.ci ihis . • .�
<br /> Oeed of Trust artd all of the foregoirtg being referred to herein as the"PrapeRy". .�
<br /> This Deed ot Trust Shal!secure(a)the payment uf the principal sum and in:�regt evldenced"by a promissory note or credii
<br /> i agreement dated �� 28i 29� ,t►aving a maturiry date of �'� �� �1995 _.
<br /> ��.
<br /> � ! in the orlginal prirtcipal�mount of S�3.r092_� ,and any and al!modificattons,extensions and renewals
<br /> thereof or thereto and any and all tuture advances and readvances to Borrower(or any o1 them if more tnan one)hereunder ,:' �-:
<br /> purs�aant to one a mare promissory�otes or credit agrc-�.'nents(hereln calted"Ncste y;(b)the payment of ot!~�sums advanced by �""�'�
<br /> Lendea to protect the security�a�the Note;(c)the pertorcnar.ce o}all covenants an@�areements oi Trustor set fcrch herein;artd(d?all �'� °
<br /> preset�t artd future indebtedr�6�s and obligatlons of Borrower(or any ot them ii more than on9)to Lender whett�er direct,indireCt, ��'
<br /> absotute or contingent an8 wrts�ther arlsing by note,guaranry,overdraft or otherwise.The Note,this Oeed oi Trust and an�•a�zQ a't , '
<br /> vther docuents that securetheEVote or ntherwise exocuted ln connection therewith,inetuding without limitation guaranteas,.e;.unh� . '
<br /> � , agreementa and asstgnments��leases and rsnts,shall be referred to herein as the"L.oan Instruments". �
<br /> Trustor covenants end r��r�,es wilh Lender as to!lOws:
<br /> ' �. �aym.ni a tea.bt.an..�.AIt indebiedness seccr�d hereby shall be paia w��en due.
<br /> ` � ��---- ���-- -. -2. 1N1�.TtuetOr is the owner of th�r Pr�erty,has the right and authoriry to convey the Property,-and waaants that the lien -��------��---�-
<br /> created hereby is a first and prior Ilen m��F'r.e Property,except for liens and encumbrances set torth by T'rusto►i�Nriting and '
<br /> ' delivered to Lender before execution of tt:s:.�?ed o}Trust,and the execatia�and deHvery ot this Deed o1 Trust does not v)olate anK
<br />. ; cmniract or other obtigation to which Trustor is subject
<br /> 3. Tsx�s,As�ssmmts.To pay betore delirquen��,;.��taxes,special assessr.^,.nts and all or►�er charg63 2gainst the Property.•
<br /> R�x ar hereaftar Ievte�. '
<br /> 4. tnsunno�.To keep the Rroperty insured againsf damage by fire.ha2artls included within the term"extended coverage",and
<br /> � suCh other hazards as Lender may require,in amounis and wi(h compa�•���s acceptabte to Lender naming Lender as an additlonal
<br /> named fnsured,�a�'h loss payable to the Lender.ln case ot toss undE:���.:ch policies,the tender�s authorized to adjust,coltect and
<br /> CdR�c�miS9,a:'.ciaims thereunder ana shall have the oF5 0�of applying all or part of the insurance proceeds(i)to eny indebtedness
<br /> secur,:�!h�roby and in such arder as Lender may determir,e,(il)to the Trustpr to be used!or the repair a restoration of the Property �---_-- -
<br /> • or f'ri;j for any other purpose or object satiafactory to LenCer without aHecting the lien of this Deed of Trust tor Ihe full amount secured �
<br /> hereby betore suCh p8ymen!ev,er to0k plBGe.Any appdcation of proCeeds to indebtedness shalt not extend or postpone the due '� �
<br /> ' date nf any paymenta under the Note,or 4ut9 eny del�ult thqteunder or hereurtder. ; ' "
<br /> . �` 5. EtCrow.Upon wrltten demar2���i.4���er.7rustor shall pay to Lertder.In suCh manner as LenCer�nay designate,suHicien! ' �, :: , ,.
<br /> - - - sumsfvanabfei.artcferfvpayastfreybe�vtirecfuecrr�or�oreoftFrefoftowing(i►atttaxes,assessmerstsandathercharg9sagarrtst ��� �� �� � �' ���
<br /> • the Property.(ii)the premiums on the property in�ur3,nc���epulred heteunda►,and(iii)the premiums on any mortgage insurance • ' �
<br /> required by Lertdbr. ,
<br /> � 6. Maint�nane�. q�pslra and Comptlsnc�vli�t t�.awa. Trustor shall k�ep the praperty in go0d C6nditipn And r@p8ir; shau
<br /> promptiy rep8ir.ot replace any impravement which may be damaged ar destroyed; shall not commit or permit any waste or
<br /> � , deterioration of the PropeKy;shall not remove,demolish or substantiatly alt9r any of the�mprovements on the Properry;shafl not �
<br /> commiR sufte�or p@►mitany act to be done in or upon the Property it�violat�on bt any law,ordinance,a►reg�lation:and shall pay and �
<br />. ��`� ' prompUy discharge et Trustor'e eost and expense aIl tiens,encumbrances and chargey levied,imposed or assessed against thv
<br /> Properry ar any pFert thereot. . . ;
<br /> , 7. Emtnmi Qpmaln.Lander,.Is hereby aSSfgn���it Eb��i�r�g�ti6r.�yv8rd�,��m�c��s�r;d 6the�paymanls or roliet(iiereir,after � �_ �°
<br /> , "ProC�8d9";in conneCtion w►th condemn&Uon or.other tak�ng oHh�Praperry o►p�rt th�►obf,nr tdr ednvtryaaco�n I�eu bf eondemrta-
<br /> tian.land�r shatl bv enbtted at�ts aRt�an to ctrnnmarrco,�ppear in�r��prvsecute.��n�ts ovm namd any achon or prUC�edings,�nd
<br /> gitAN�I�o bti entiNed to makv t�ny tvmpir�mrsa o►sotttpmpnf m�Ursr�pCtiUri vnti�SuCfr tak�rrg�r dE+m�ge tntfit�E+v8ni�nY V�n�On U1 . ''" " ' '
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