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<br /> .. ` � - � ACKNOWLEOGEMENT OF DEED OF TRUST � " � �-' �,Q�36+7 �� , c
<br /> � �ausroR p�►a.��s e�o�sr�rn�: � � � � � � �
<br /> � �� Tnrsbrund�r�t�dcthatthedocurnentthatTn,atortsaboeittoexecutsfsaDeeslolTrustandnotamortQassandthitthepow�r � �
<br /> . � ` otsW provid�d 1p►!n iM�d pf 7rust providas subs�ntialty d#brent�i�hband obtipatians to Trualor than a mor��tn the euent' � � �
<br /> ; ois dshuft orbrMah o!obNg�tlon under the Oeed af Ttus�incfudin9,Dut rtot thnKed to.tRe Lender's ri�htto fftvs ths Propsrty iold .
<br /> - .- � , Is�1!�?rt�rit wIEl�!anY f�di�iet proc�sdir�trus6or reproser�b and warrare�s ttt�i this actuiowledpement was execu�ed by _ _
<br /> , Trwlar b�br��ex�cut�on M tt�a Oad ot Trust. . . . ' .
<br /> _ , . ,. ��J.�. - � � � � � < < <
<br /> �j � �' (Ar old Wenn j Truawr Husband � �
<br /> `. 4,..i � . ✓V� � � � .
<br /> e
<br /> ° i ( inda C. Wenn jTrusror Wife . . .
<br /> , i -
<br /> . � -.- _- , .
<br /> -- __.�_ -_-`-` _--_'---. .
<br /> . =�`_� ---`��E3i -a�r i e'"�i1�fi i�riTii-�iiTUfi�ADVANCE� -- � —
<br /> � . '
<br /> � •i � THIS DEED OF TRUST.is raade as of the._4tlL da oi s=»ne ' '
<br /> . � , Y — , � .19��by eild ar110f}S . �
<br /> , i thsTrw�or; 'Arnold Wenn and Linda C. Wenn� Husba�ctd �anc� Wife � � � �
<br /> ; • 3 wt�ae maiti aGdm�s ts�Q97 West a �*�1 _ � �
<br /> 4 rq jZ'_ - �, I . DTE 68801 �rein'Trustor,^wheqter one ar more;, . .
<br /> ' � � q�T��. William G. Blackburn, a l�lember of the NE State Har Assn. � � � •
<br /> , , ,
<br /> ��_ whoss mgiiin�addresa is p.�.Box 2280, Grand gsland, NE 68802 �,��,��n..T�e.�,artd • . ,
<br /> � ; theBeneticisry, �ive Po{nts Bank • � . .
<br /> �. ':
<br /> • •i whose maiting address is P•O. Hox 250�, Grand Z�lanc3� NE 68802 {herei�°�ender��.- � �
<br /> . , . , .
<br /> • !� FOR VALUABLE CONSIDfflATtON,inciudirtg Lertde►'s extension ot credit identified herein to Arnold Wenm and �
<br /> � . .
<br /> � � _ r.;nc7a [�_ Wenn (h@tein"9orrower".whether one or more)and the trust herein created. .. � ,�
<br /> tha recelpt ot whtCh is hereby ackno�ncledged,Trustor herehy irrevocably grants,transfers,conveys artd assigns to�rustee.IN '`
<br /> T R U S T.W R H P O W E R O F S A L E,f o r t h e b e n e T i t a n d s e curi t y o f Len�es,an der and su b�ect to the terms and conditionsf�-�inatter aet ' ' �
<br /> �; fo�,the resi property.described as toflowa � .. ".�; '•°:
<br /> � � The Westerly �enty Tr� (22) Feet of i,ot Three (3) arid the Easterly �enty Z�,ro (22) ' '-
<br /> ' '=
<br /> Feet o£ Lot Four (4), Block Sixty Nine (69), Origir�ag Zbwn, now City of �Yand Island, —
<br /> � Aa].l COLUityr Nebraslta. � . �-
<br /> �� Toaether with alf bulldings,improvements,flxtures,streets,alteys, passageways,easements,rtghts,privileges and appuRe- �
<br /> • ' � nances tocated thereon or ln anywise pertaining thereto,and the rents,issues and proilts,reversions and r�mainders thereot,and • -
<br /> auch pe►sonai property that is attacAed to the improvements so as to Constituta a tixture,inctuding,but rc��imited to,heating and ,�
<br /> � � coalln�equipmenfi and together with the hom�stead or maritallnterests,ifany,whfch interests are horet�y s�Eleased and waived;all
<br /> ot whtch.lnclucling replacements and additions thereto,is hereby dectared to be a paR oi the�reaf estate secured by the lien oi thia
<br /> ' . � Oeed of Trust a�d all of the toregofng being referred to herein as the"Property".
<br /> � .
<br /> � � Thls Deed of T�ust shall secure(a;the payment of the principal sum and Mterest evidenced by a as�mi�sory note or creEii
<br /> : , agreement dated June 4, 1990 ,having a maturity date ot June 4, 1994
<br /> � .
<br /> � in the or(ginal azincipal amount of S 2�-72�-8O .and any and ai!modiflcattons,extensions and renewats � �
<br /> � � thereof or thereto and an�,2nd all tuture advances and readvances to Borrq��r�or any ot them if mara than one)hereunder �•"
<br /> � p�rsuant to one or more p��;nissory notes or credit agreements(hereln called�C;ote");(b)the payment ot other sums advanced by •
<br /> , Lender to protect tha seaurity oi the Nota;(c)the pericr,nance ot all c�venants and agreements o1 Trustor set foRh herein;and(d)ell � � !��'.
<br /> present and t�t4cre lndebtedness artd obtigattons of Borrower(ar any of them if more than one)to Lender whether direct,indlrect, �
<br /> , �: abaotute or car�4*.;ngent and whether arising by note.guaranty,o�:er4raft ar otherwlse.The Note,this Deed ot Trust and eny and ail ��
<br /> . • � other docuents tha!seCUre the tYote or otherwise execut8d in conr,gction therewith,inctuding wlthout Ilmitatlon guarantees,securtty '•
<br /> !' aq:eements and assignments oi teases and renis,shall be reterred to herein as the"Loan Instruments".
<br /> Trustor Covenanls and a�reea with Lender as foilows: . ,
<br /> i 1.PayrtNnt of Ind�bbdnNa.All lndebtednesa seCUred hereby shall be paid when due. ��-----� --- ..- --- .-_ .----.--._..._._... .. . ... . ....
<br /> • � � 2.Tfq�,t�ustor ls the owner of the Property, has the right and authorlty to convey the Properry,and warrants that the lien
<br /> . created he►eb�is 8 first and prtor Iten on thg Property,exoapt fcr iiens and encumbrances set torth by Trustor in writing anC
<br /> �, dellvered to L.eT�er betore executton oi this Deed of Trust,artd the execution and delivery of this Oeed of Trust does noi violate any
<br />' . � contract or a�er obligatlon to wbich Trustor is sublect .
<br /> ._ ! 3.Taxa�,As�nanb.To pay before detinquency al!taxes,speciat assessmenfs and all other charges against the P�opernr
<br /> ! no,w or hereat�.er tevied.
<br /> 4. tn�waaer.To keep the Property lnsured agalnst damage by tire,hazards included with,r,;he term"extended caveeage".and
<br /> ( Su�h other hazards as Lender may�equira,in amounts and with companies acceptabto to Ler.Cer,naming Lender as art additipnal
<br /> � named insu�ed,with loss payable to the l.ender.In case of toss under such poltcles,the Lender�s author�a�d to adjust,collect and
<br /> ! compromlae,all ctaims thereunder an�shaii have tha optlon oi applying all ar part of the Insuranee proceeas�i)to any irtdebtedrtesa
<br /> , secured hereby and in suCh order as Lender may dete►mine,(li)to the Trustor to be used for!he►epair,or restoratlon ol the Properry �
<br /> • or(iil)for aay other purpose or objeCt satisfactory to Lender withou!aftecting the lien of this C1eed o1 Trust tor tRe futl amount secured
<br /> , herei�y betore such paymen!ever took piace.Any appticatlon of qroceeds to indebtedness?naii not extend or postporte 1he due �
<br /> ', ; , � dats of any payments under the Note,ct clire any default thereur�3r or hereunde►. �
<br /> -. - 5.£��e.11Doa wrttte;s dert�ac+cl tiy i.er�Qer,'fr�,�r shati pay ta Lendsr,�it�.u�f�m�nne�as Lender may deslgnate.suHicient r �
<br /> surr,,s to ena�'e Lender to pay as they become due are ar more ot the foQowing:{:;all taxes,assessmenis and other charges against '
<br /> tr�t�roperry.(:i)the premiums on the property insurance requlre�J hereunder,and�iii)the premiums on any moRgage insurance �
<br /> requlred by L�nCer.
<br /> � ' 6. Matntfnsne�, Rspsfrr ind CompltanN wlth Laws.Trustor shalt keep the Propertlt;n good condition and repalr;shatl
<br /> ,..;; promptly repa3r, or replace any improvement whlch may be damaged or eestroyed;sl+alt not commit or permit any w8;te ar
<br /> detettorBUon of the Properfy;shall not r9move,demoliat�or subsianilalty aiter any ot the�mprovemertts on the Property;sha�l not
<br /> commit,suNer or permit any act to be done 1n or upon the Properlyr in vtolation o!any Iaw.ordinance,or regulation;artd shatl pay and
<br /> promptly dlscharge at Truator's Cost end expense alf lierts,encumbranaes an8 chargeg fevied.imposed ar assessed against trie �{
<br /> • ; Property or any part tttereaf. • �
<br /> 7'. Emin�nt Domatn.•Lender is hereby assigned ap compensatibn,awards,damages and other payments or ret�ef(hereinafter p
<br /> "P�oceads")1n conneCtJpn wlth condemnatlon or ofher taking af the Pro,�eriy or partthereo},or for conveyance in lieu.ot condemna-
<br /> Uon.Lende►shafl be entitled at its optio�rto commence,appe�r in anii prbsecute in its owh narne any actiori or proceedings,and
<br /> . shall atso be entit[ed to make any compromise or setttement in connection with such taking ar damage.in the evant any portion of
<br /> � NBC3457UjonaarleunLretDee�am.t0�ee. ' -
<br /> • �t888Nnianal8antofiCammereefw9antfSavinpatlSSaleUaaUnwtn.Nabreslis ' . �
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