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<br /> t ACKN�INLED�EMEtiT �� DEED AF TRUST
<br /> TFiUSTQR RF.�1D TNIS EErt1A�SIpN1Nl3: 90.�..,.�A�O��
<br /> Tru�for und�rs�ands Ma�tths document that Tru�tor is about to executa IY a Deed ot T�uet and nof a mort�s�e and Mi!ti�:�,uwo►
<br /> � of�ah provicl�d 1or in M�Os�d of Trust provides�ubstamtlall�dif�erant rlght�and Q�Uy�tl�na ta 1'rueto►than te manga�e In th��u��t
<br /> ot�dNautt or brMeh al obli�tian under tha Oeed of Tru�i,includlnQ,but not limifsd to,the I.ende�'s ripht to hsve the Prppe►ry sald
<br /> , by tlfr Trua+lM wi#haut any Judlclal procest}ftt�. Trustot represent�d w���s that thia acknowie�eme�1 waa executed by
<br /> TrustcK b�fore 1ha execuHon ot Ms Osed of Trua� f 1 •'
<br /> f
<br /> ' !�!,/ � :./ / /�` -
<br /> /`1[�' �6ct� lf: ���c.�.�E.e�`�
<br /> • Richard A. Cornel ius Trustor
<br /> , �
<br /> , !`;, I ► , L.
<br /> I BeCky J. Co; e us �Truator
<br /> I �J
<br /> � DEED OF TRUST WITH �UTURE ADVANCES
<br /> ,
<br /> � THIS OEEO OF TRUST,is made as of the 2� day o1 April ,yg 90 by e�d amonp
<br /> I
<br /> thsT►ustor, Richard A. Carnelius a�d Beck J. Cornelius husband and wi€e of
<br /> � esc ot er, each n s and her own riq t '
<br /> i whose malNn�addrsss la 1206 East 6th, Hast�q,g, NE 6890 .
<br /> L (herein"Trustor."whether one or mo►e),
<br /> '� tAe Tn�sMs, Hastirlas State Bank
<br /> t
<br /> � � who�s mallin�address la P_•_0. Box 2178, Hastinas, NE 68901 (hsreln °Truscee'q,and
<br /> , the BeneNciary, Hastinqs State Hank
<br /> � : wAo�s mailinpaddrea�i� �•O. Box 2178. Hastings' NE 68901 (herein"�ender"�. ,
<br /> , FOR VALUABLE CONSIDERATION,i^ciadmg Ler.�eis exterts�an.��credit Ident�fied he�e+n to RiChsrd A. Co�'rielius
<br /> I' _and Becky J. Cormelius � tnerein'•8orrower". �che�?�er Qr.eaf more)and the trust herein craated, �
<br /> the receipf of which is hereCy acknowleayed,Trustvr e;greby irrevocably grants. transtera. conveys and a��igns to Truatee, IN ' �
<br /> ! TRUST,WITH POWER OF SAtf,tor the Denetit and aecurity ot�ender,under and subJect to the terms and conditions hereinaRer set
<br /> � rorm,the�sal property,descrlbed as touows: Lot Twelve (12) in Amick �lcres Second Subdivision � ��
<br /> - located in nart of the North Half of the S t�± _wA�t ��.�artQr SH}c�?3 ��� p�r± �f (.:
<br /> j the South Half of the Northwest Quarter (S�NW�}) of Section two ($; , To�anship
<br /> � Nine (9) L�arth, Ranqe Ten (10) West of the fith P.M. : in Hall ��untv; �Ph,-aak� _ _- _ F� _
<br /> � **THI5 IS A CONSTRUCTION SECURITY AGREEMENT**
<br /> I Topethsr wlth all buildin��,improvements,fixtures,streets,alleys, ,pa�sageways,easements, rights,priviiepes and appurte-
<br /> nanceo located thereon or in anywlse pertaininy thereto,and the rents,�ssues and profits, reversions and remainders thereol,and
<br /> suCh psrsonal property that is attachsd ta the Improvements so as to cunstitute e fixture,includin�,but not limited to,hedtinp end '
<br /> . � cootin�equipmen�and tosesher with the homestead or mar�tat interests.�t any,wh��h�ntere9ls are horehy reteased and waived;all
<br /> ; of whiCh,inCludinfl r�pl8ce�:e�nts and edditions thereto,is hereby decla►ed to be a part of the real estate secured by the lien of thls �
<br /> Deed of Truat and all ot the forepoinfl being reterred to herein as the"Properry".
<br /> , I Thia Deed ot Truat ahall secure(a)tha payment of the prmc��a�sum and interest ev�denced by a pre^�rasory nor�p�credit
<br /> � , i ayreement dated 4-11-90 , hav�ng a matunry date ot .,.�-5-9� ,
<br /> ` in the oripinal principal emount oi S�a�Q.�..Q.Q.. .� ,and any and alt rncCrticat�ons,ertens�ons an�eenewals
<br /> • thereot or thereto and any end ell future a�vances and readvances to Borrower (or any qf them �s mQre than one)nereunder '�•
<br /> ( pursusnt to one oi more.prom�ssary note��r credit agreements��erem caned"Nc,te").(b)ihe payment ot c:4.er sums advanced by �`!
<br /> ,� lender to protect the aecuriy olth8 Note;(C)the Qerto►rr.ance o}all covenants and agreements of Trustor SetfQ�h herein;and(d)al! • ��
<br /> present and future indebtedness and oblipations of[3arrQwer(or any of ihem�f moro tnan one)to Lender whether d��ect,indirec� �
<br /> � absolute or Cantlnp�nt and whether anaing by note,guaranty,overdrak or otherw�se.Tho Note,th�s Deed ot Trusl and any and a11
<br /> ' otherdoCUentsthatseCwe the Noteor oth�r.wise executed in connect�on therewith,�nc�ud+ng w�thout I�m�tat�on guaraniees,secunry
<br /> , egreement�a�d asaipnments o1 leases a^C �ents,shal! be reterred to here�n as the"l.oa� Instruments"
<br /> Trustor covenenb and aqrees with Lender as tollows: '
<br /> ' 1• Paym�n!M Ind�W�dnN�. Alt irtdebtedness secured hereby shai! be pa�d wnen due.
<br /> ' 2. TNN.Trustor is the oarner ot the Praperty,has Ii�e nght and authonry to conve}� tne Propeity,and warrants that the hen
<br /> CrestBd he�eby is a fir6t and prior lien on tAe Property.except for hens and enGUmbrances set forth by Tr�stor�n wtding end
<br />, ' deUv@red to LendBr before executson ot this Deed oi Trust,and tne exeCUtion and del�very of th�s deed ot Trust does not v�olate any
<br /> c0►tirdCt Ot Ott18i 8btfg8ti0li t0 whiCh T'rustor is sub3FCt
<br /> 3. T�x�a,A��nNnb.To Ray betore detinqusncy ali taxes,specia f assessments and au other charges aga�nst the Properry
<br /> now Or here�iter levied.
<br /> 4. tnsutance.To keepthe Qroperty�nsured aga�nst damage by t�ro,hazards�nGuded w�thm tne term��e�tendedcovorage",and
<br /> SuCh Othet hezards as Lender may requue,in amounts and w�th C�mpan�es acceptabie to Lender,nam�ng�ender 2s an add�tional
<br /> named irt�ured,with loas payable to the Lender.tn case o�le�s under sucn pol�aes. tho Le�der �s author�zed to ad�ust catlect and
<br /> compromlae,aU clalms thereunCe�and shbll have the opUon oi opply�ng at 3 or part ot tne�nsuranc�,proceeds(q to any�ndebtedness - ----
<br /> seCUred h0reby end�n such order a9 Lender may determ,ne,���)to the Trusto�to be used far the repa�r or resto�at�o�ot the Properry �
<br /> or(iiQ for any othe�purpose or ob�ect satistactory to Lendor w�thout affett�ng th���en ot tn�s Dsed ot Trust tor the eull amcyunt secured ,
<br /> hereby betore SuCh payment ever took p�ace. Any Appi�cat�on of proceeds to indebtetlness Sh�11 not extend pr pOStpone the due '
<br /> date Ot eny payment�uader thES Note.or Cure any dpfsult tt+Q!eunder or hprt�urtde�
<br /> • 5. E�C►ow.Upon wntten demand by Lender,�frugtOr She�i p8y t0 Len�er.in SuCh manner as Lend�r may desi�nate,suft�c�ent
<br /> sums to enabfe Lend�r to pay aa they become due one or more ot thc�follow�ng �,�aii taxes,assessmQnts and other chare�es aga�nst
<br /> th�Properry.(ny the prem�ums on the property�nsurance requ�re� nereund�r. �nd 1���►tn� prem�ums on any mo�tgage�nsurance
<br /> � requirAd by Lender.
<br /> 6. Malnlan�ne�, R�p+ly irtd Corn�li�nc! �cllh Lsws. Tru�tor �hali kgP�y th8 Propersy�n gvod cand�tipn and r�pa,r, snan
<br /> promptly repa�r, or replace sny improvamer.t w%►�ch may ta damagad ?r dE�stroyatl. sha�� n�t comm,t or perm�t any waste or
<br /> deterioret�on ot ihe Property;shaU nat remove.demohsh o�substAnt�a�iy a�ter any a'the:rnpro✓oment5 on the propE��ty. Shall npt �
<br /> Commft,sufler or pern��teny aCt t0 bedone in or upon the Property m��olnt;�n o}any��w prd,n�n�E or r�gui�hor .antl shai�pay and
<br /> prvmpUy dtsChsrpe et Truster's cost�nd expenso an i�ens.�ncumbranc�s and i�arsJes��o�ed. �mposed o�as�rsse� aya,rst 1he
<br /> Pro�erty or erey part thnreo�
<br /> �' Elr.!^s�i!Q:,sni:�.Lsr��er�5 �0fi3L)d���y�iCC7 Flfl CpmpEnSat�tJn a.vartls d.'lm3�f5 3���O}hE+ GJrniEntS;�r rr,•;et �n�re�natter . .
<br /> .Procoeds"1 in cor.nect�on w�th conUCmn�tior+o�other ta+��ng ot u,e��oue�:y Ur(vil�t 1�`c�6pt C'r IQ� �UnvE'�lil•�CC�t'. ��(�u0}CO�'d!'��"��{�
<br /> LOn ��ndc�r sha�l b�o.nt�tfed st ds opt�6n f0 CUmmEnGE� ApPC:ir ,n ird p�c.sC��.�e •�, l5 u��: r�:irr c!a�•,r �!,.!jj;�v• iC re�dd,ii`� ,���a
<br /> ShAll blSp b0 E�nGl;f�d ttT n���kQ Any Ctttriprpmi5tl P� SC'tl�f)n-B/11�h C Ur,•t•i!:nr �t� �..��•t i:���r�i ,r U 7R�d�N In(����u(j�t <�n i�!
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