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<br /> � � ACKNOVIILEDG�MENT OF DEED,OF TiiUST ` � ' �Q--- 1 O��l�� ` ' �
<br /> � � �'RUS fOR iiFJ10 THlS B�FORE SlQMN6: . ` , � ' ` • .
<br /> Tfusta un0erstaRds that tt�e docvment thgt Trustar is aDout to execute is a Oeed of Trust and not a mortsase and tt►at tfie p7wer .
<br /> ols�Te pravldad tordn the Deed olTroat provides aubstaritiaity dilte:ent Hgt�p artd o6ligations to Trustor than a moR�in the evsnt
<br /> _ � of a dNault or breach of obitga�vn uncl�et the OeeQ of TrusL incluGtng.but not tim(ted to,the Lender'a n�ht to have the Propeny ao2d `
<br /> by Ih�Truslss witltout any judiciai pracaadirt9.Tru�tor ropresenta.and warrants that thia aeknowted�emeM was executed by •
<br /> 7ru�r before the execut�or�o#t�e Oeed ot Truat � � .
<br /> � �L,,,� ` ..,..� ���
<br /> � � (Step en D. Cai�rstar D. .S. Fiusb3n ;
<br /> .. ' . � � �� ���' i i""> ' .
<br /> . . . . (J Iie R. Cain?Tn,stor Wife �
<br /> ��� OEED aF TRUST WITH FUTURE ADVANCES <
<br /> ' THIS OEED OF TRUST,is maae as of the�.8.�.day oi M�y -- --.19 90 by and amortg �
<br /> ' � theTruator, Ste�hen D_ Cafn, .D.D.S. and Julie K. Cain, Husbanc3 and Wi�e . � �
<br /> '-,::�«. ` ; ` ' � � 2414 W. Faidley #103, G.I.. NE 6��Q�erein"Trustar,"whether one or more)
<br /> ,:; , whose mailinp addi�s3 is , .
<br /> � theTn,stee, W����iam G: Blackbuxn� �A �e�ber of the i4�: State Bar Assn. , �
<br /> Vrftose mailinQ a�dress�s p-� �ox� 2280. Gzand Isiand. NE '68802 : (herein"Trustee'►,and
<br /> � theB�r�ef,ciary. Five Points Bank � ,
<br /> � whasemajlingaddressis p•�• Box 1507,_ Grand Ysland, NE 6880 _(herein."Len�"). �
<br /> � FQR VAWABLE CONSIDERATION,including Lertder's extsnsion ot credit identified harein to ��ephen D. Cain� �
<br /> ' D.IG�B. and Jul ie K. Cdih _._. (herein"8orrowei', whether one or more)and the trust herein created. � -
<br /> ' the reCelpt ot which is hereby acknowtedged. Trustor hereby irreYOCab�y grants,transle�s,conveys and as5igns to Trus:�e.IN ' � �
<br /> ' TRUST.WfTH POW�R OF SALE.tor the benefit and security o1 Lender,under artd subject to the terms and canditions herei�s�ifs�set . �.
<br /> torth,the reat pro�e�ay,described as foilows: � ; � ; .-
<br /> Lat 16� Block 2, Brentwood Secasbd Sub, City o� Grand Zaland, Hall ;
<br /> Caunty. Nebraska . .
<br /> �
<br /> � Together wittt all buitdings.improvemeni�,t�xwres,stroets,atteys,passageways,easements,r►ghts,privileges and appurte- " ��
<br /> • i nanaes toceted thereon or in 8nywise perta�ning there23.�n0 the rents,�ssues and p�otits,revarsions end rema.rders tfiereof,and =
<br /> � such personal Qrpperty that is ettached to the impravem�r.ts so as to constdute a bY�,:re,mCluding,but not IimP,e�3 to,heating ana •, ;.
<br /> cooling equipment and together with the homestead or mantal�nterest9,ii any,wh�cr.;nterests are hQrehy release�a�d waived;all - �
<br /> ' o}which,including reptacements and adO�tions tnere4o,�s hereby Ueciareci tn oe a part of the reat estate secured bythe tre:��lthis �
<br /> � Oeed ot Yruat artd alt of the foregoing being reterred to here�n as the"PropeRy".
<br /> This 08ed ot Trust sha11 secure(a)the payment of ttr!s pnncipal sum and interest evrdenced by a promi5sory note of credit
<br /> agre�ment dated , 5-31-9U ,having a maturity date ol_____11-27-90 �,�_�� , �
<br /> ' � in th'e originai principa�emount o1$.1�.�.�.0�-�Q __—_ .and any and alI moditrcatrons,o+�tens�ons and r�^aNais
<br /> • thereot or thereto artd a�y and all futuro advancos and readvances to 9orrower (ar any ot them d more!�a^one}hereunder
<br /> pureu8nl to one ot more p�omissory notes or credit agreements(herem called"Note"}:(b)the payment of othe�sums 8dvan�ed by
<br /> lender to protect the seCUnty of the Note;(c)the per[orm2nce of alt covenants and ag�eoments ot 7rustor set torth he►ein;an�(d)ali ��
<br /> present and tutur8�ndebtedness and obligat�ons ot Borrpwer(or any ot ri��om�1 morQ th�n one►to Lender�,vhether direct,�nduect,
<br /> � absotute or contingent and whether ansing by note.guaranty.averdratt or pthorw:se Tho Note,tn�s Oeed of�rust and any and all
<br /> other docuentsthetsecure the Noteor othe►wise e�ecuted in connection there•Nnh,includmg wit�out I�mitation guarantees,Security •
<br /> ayreements and assignments ot Ieases and r9nts,ahall ba reforred to herom es th�"lnan instruments"
<br /> Trustor covenants and agrees wlth Lendec e�to►iows.
<br /> � ...._..-...--- � 1. PaY�nt of tnd�btMr�aa.Ail indebtedness securad ha�oby.shail.be.pa;d.w�:en.due. -- -.. . .. .. __. _ ...-.-- -._........_.._ ._ . - -- .
<br /> 2. Titl�.Trustor is the awner Of tf1�Prpperty.�a5 thp r�tih!and authOnty to Ganvby thE�f*�y�rty,and warrants that tho I�an
<br /> ' created hereby is a first and prior lien d,* i�±a Property, axcept far �:erts ana encumbranccs st?"�jrtn by Trustor in wnt�ng and
<br /> delivered to Lender 6e1ae execuUon a1 tn�s tieed of T�ust,and the e�ac�t�o�and det�very of tn�s C7eed of Trusa does not v�olate any
<br /> ConVaCt or othBr obligation to which Trustor is sub{ect
<br /> 3, Ta�[a.AsNasm�nta.7A��y 6efore delinquency al�taxes,spectal assessr�e.�-;s antl afi other chacges a3a�nst th�Property
<br /> � now br heteaiter tevied.
<br /> ' ' 4. InauranC�.7o keep the Properiy insured against damaye by trE�.�.azards mc�uded w�tnm tt,e terrn"�,xtend'ed cUlorago".and
<br /> 9UCh Othe►hazax�s�s lende►m8y require,�n�maunts a►�d w�th corr=,�;,:•es acceptab�e t4 te�der,narr��n�}�end�r a5�n aC��#Far►t�t
<br /> nemed insured,with tOSS payable to the Lander.In cASf�u1 loss under=,,.�n po��r.�es !►�e Lender as authonttrd t��d�ust.CoNdCt��nd
<br /> COm�►Omi3v.81)ciaimsthpreunder 8nd Shall have Ifl�optiosi Ut eppty��i�aIt ar�,,�':�.`.•�c u�su:�i•�crs pruceed�;�c•s ar�y�ndobtE;di�ess
<br /> � sectred heroby enQ in su�h order ns Lvnder may daterm�na.p�)to tho Trustar tc��e usEd for the r�pa�r ar restc�a�-on o;the Property :-- --
<br /> �r(�iiy tGr any oxRer purpGSe ar object satisiactory to lender w�ihouf atte�t�rtg thv l;�n bt thiS��CB G`Trust to�thp tult amdunt seCUred �
<br /> hereby betore s:�ch payment ever took ptace Ar+y app��c�t�an nt praceeds ta md�btednass s�z nat e,�ten�or postp�nd the duv ,
<br /> da!�ot eny payrt:e�+ts under tho Noto,or cur�any delautt thareundvr or hereunder
<br /> ;- _ - � .�sCtotA►.E}�rrwriifierr damn�tti'vy i.crntSnr.�rusfv:siiak paq tv i.rti�3cr;tir y1�.Fr�rinf�rrCr o5 Ecf��SCf ifro�dCsSiyf�'o�o,5i;#t�CiG-f.i • -
<br /> sur�s to enabfe Lende�to pay as th�y became due o�e or more ot the iauo�v�ng (•t�s•caxes.assessrnents and other charggs ar�einst '
<br /> . Ne ArOperry,(ii?the premiums on the p�oporty insurancc�requued Rereunder. an9 U�41he prem�ums on eny mortgago insurance � �
<br /> required by l.en��t. �
<br /> 6. Ma[ntemnc�,R�pair��nA Compliant�wlth LSwt. 7�ustar st��►fl keez�(hg Pt6ptt�ty�n yoUCf CUndd�on und repa.r, sh;ilt
<br /> L prOmptty rep�tir, Or r8p1aC�any improvom�nt which may DEt damagQd or destr�yed. sha�i not comm�t or p�rm�t any wasto ar
<br /> it@tgrtor8tion ot the PtopErtty:shall not�emove.demol�sh or substant�a�ly alter any a!th��mprov�mentg on the Pioperty,shaU nt�t �
<br /> ' , tc�rnit.auHe►or pe�mit any aCf to Do dono�rt o�upon tho Proparty�n viotaUc�n of any fav�,ord�nanct.or rNgutatFtin,�nd shaii pay and
<br /> promptly discharge at lrusto�'s cast and��penso�n�iens.EtnCUmbrt�nces��nd c�arc��s�ev;e�.�mposeEi o► asst sse�s aga�ast tt�e ' �
<br /> PI0p0►ty Or e►�y part th@►�rpf. . _r i,
<br /> 7. Emtn�nl0omaln.lende�'rs n�roby 7ss�gned a►�campensat�on,a�+ards.dant3g�s�,nd otr,ur paymer�ts�r rel�c�F(nere�n��tter ._ _
<br /> � "P�aceads"►�n connErCtion with cbndemn8t�nn Or bther taking o�u�E Prvperry o►�art tt�ereof,c�r tor c�n•,reyance�rF heu�'condemn�- '
<br /> � fi0n L:bnder shall b�ent�tled at i19 optivn tp cnmmence,appeas�fe and urosecutv�r. +fc 9,r,r:n���„��ny���t�o�o�p�o�eed�n�5.o��d
<br /> 8ha►12��56 b�entitled to mtika any Cumpromi5o o�s�tllanTE�nt iT�r.onitt�e;t��n•rntM c���t.t��M,irr��,r d:+�na3e tn It�N erer�t ar�;�purf+on:�!
<br /> HESC MST tNc�•ayKVhve�6e�7��a.�{,@g �
<br /> O f938 Hat�ar,a:Bae,t c,iCc„�^�reh i+usf 9nd 5t���f Rfn:e��r•tr.•t•n[e'n/fth�nsra
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