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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />.OIIf1OWtIRS !LEAD TIMS SEFOltE {lG!!MI{i:
<br />89—ta 100183
<br />Sorrowers(T(ustas) undarstand that thedocumenl that the Swrowersareabout toexecuto Its Deed of Trust andinels mort"ond that thepowerof sale provided
<br />for in the Deed of Trust pfovidea subsuntieffy different rights and obligations to the Borrowers than a mortgage in the event of a defsuft or breach of obligation under the
<br />Deed of Trust, Including, but not limited to. the Lenders right to have the Real Property sold by the Trustee without any judicial proe"cling or foreclosure. Borrowers
<br />represent and warrant that this acknowledgement wall executed by them before, the execution of the Dead of Trust.
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<br />(balllft M. Pinto) Borrower
<br />Borrower
<br />PREFACE TO DEED OF TRUST
<br />COMPLETE IMs poAlon ONLY de;f mol properly described consists of INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />IBappMealbla, efanplele ONLY ONE olfti A. S, or C.
<br />O A. DItiCLA1MEl1 OF RIOHT TO DESIGNATE HOMESTEAD:
<br />The Borrower(s) acknowledge that they are about to execute the followtag peed of Trus4 upon the reatestate described therein. The Borrower(s). and each of them it
<br />more than one• do hereby disclaim their right to designate a homestead pursvant thereto. No part of the hot.ustead of either of the Borrowerie) is prasentty or will In the
<br />future be situated upon said real estate. The Borrowers) understand that,fWho % restablishesahomestooli rianypartofsaidrealestateducingthetimethe DeedofTrusl
<br />remains unsatisfied ends lien upon said real estate, there shall be no right to remake a designation of homestsald in the event of a foreclosure orlrustee•s sale with respect to
<br />said Dead of Trust
<br />17 B. WAIVER OP IRIC14T TO DESIGNATE HOMESTEAD:
<br />The Borrower(s) acknowledge that they are about to 93mcute the following Deed of Trust upon the real estate described iherein. The Brrtower(s). and each of them it
<br />more than one. do hereby waive their right to designate a homestead pursuant thereto. ThieftrrOwer(s) understand that they have the right to make a designation of
<br />homestead and that by executing this waiver, they are waiving rights otherwise available forthe purpose of -Alfording them the opportuniWoletain their homestead In the ,
<br />event of a default upon the Deed of Trust.
<br />13 C. DESIGNATION OF HOMESTEAD:
<br />Pursuant to the Farm homestead Protection Act (Section 76 -1901 et see. Revised Statutes of the 5tate.of Nebraska), the Borrower(s), do hereby designate the real
<br />property described in the "Designation of Homestead- attached hereto artd) onc=porated herein by this refevvice.
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<br />Borrower
<br />Borrower
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<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />THIS DEED OF TRUST, is made as of the 2_ Lslday of De)Cem]ber.. 19 --8H.. by and among the Truster, Lntir`in M _ Pintns
<br />a Sin, tom.' le Person _ fthose mailing address is 21st Streets Crand __
<br />Island, NE 68801(herein - Borrower••). the Trus!.be. WII. Jana G._'S ackburn, a member of the NE State B r An n.,
<br />whose mailing address is .�la�p ^ BQX 2280, cri and_ IslandNE S$802_2Z
<br />(hereto ,''7irustee••).
<br />r and the Beneficiary, Fiva Points Rank,__ _ ... _ . _
<br />whose mailing address is P.O, Box 15070 .rand_ Island,_ NE 68802 -1507
<br />(herein "Lender-). _.
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<br />FOR VALUABLE CONSIDERATION, including the Indebtedness identified herein and crust herein created. the receipt of which is hereby acknowledged. Borrower
<br />hereby irrevocably grants.tttrtssf@rs. conveys and assigns to Trustee. IN TRUST. WITH POWER OF SALE. for the benefit and security of Lender, under and subject tothe
<br />terms and conditions hereinafter set forth, 0o real property. described as follows:
<br />j Lot Fourteen (14), Block One (1), Knickrehm Third Addition to the City of Grand Island,
<br />Hall County, Nebraska. �=
<br />Together with all bw(dings. improvements, fixtures, streets, alleys. passageways. easements. rights. privileges and appurtenances located thereon or in anywise :
<br />pertainmg-El'Wrelo, and the rents, issues and profits. reversions and remain6*srhereof: including, but not limited to. heating and cooling equipment and such personal
<br />property trail[! fs attached to the improvements so as to constitute a fixture: ard- together with the homestead or marital interests, if any which anterests are hereby released
<br />and wafirl�d; all Of which• tt� :uding replacements and additions thereto. is hereby declared to be apart of the real estate secured by the hen of Mrs Reed of Trust and all of the
<br />foregoing being referred 10.Ivrein as the "property -
<br />This Deed of Trust shall secure (a) the payment of thif principal sum and interest evidenced by Borrower's note and/or credit agreement dated Der-41mber
<br />21. 1988 having a maturity date ofD_ @c4&mher • 27. 1989 An the original principal amount of S __W, 000. On and any and all
<br />modifications. extensions and renewals thereof or thereto and any aid say IV1.1 re advances and readvances hereunder pursuant to one or more promissory notes or credit 1
<br />agreements (heremcalled` Note••). (b) the payment of other sums advanrr VtfLendertoprotectthesecunlyoftheNote.( c) theperformanceallcovenantsandagreement
<br />of Borrower Set forth herein: and (d) all indebtedness and Obligations or E�'rower to Lender Whether direct. indirect, absolute Or contingent and whether ansing by note.
<br />guaranty. overdraft or otherwise ii
<br />/i+; •� Borrower. to protect the security of this Deed of Trust. covenants and agrees with Lender as follows. _ )
<br />f. PlsyrtsafNOflarte+ elpolandlnsnal. Borrowershallpromptlypayw Atinduetheprincipalofandintereston. andanyfeesorchargesprovidedin .theNoteOrinthis
<br />Deed atTnAlt • ..
<br />'I(!. Offlt 60rfewet is the Owner of the Property. has the right and altiiyYr(fijr to Convey the Property. and warrants!hal the hen created hereby is a first and prior lien on
<br />=rills Property, except as may Otherwise be Set forth herein, and the execul)4.0.la'Q delivery of this Deed of Trust does not %;,clate any contractor other oblr(y!d!`r�7 10 which
<br />Borrower is subject
<br />3. Taxes, AsMeeelenb. To pay when due all taxes, s;Wt -I 16MT rents and all gffaC cl ^argesagainst the Properr{r:^rS, upon written demand by Lent ?r, to pay to
<br />Lander such amount a$ may be sufficient to enable the Lender to Bey, }>81 )raxes. assess,'-e• ^.':s or other charges as they become due
<br />4 Ieewawee. To keep the Property inured cgainsf damage by fi— Jf azafds rnUuded withal the tornq "extended coverage. and suen Omer hazards as Lender may
<br />require. in amounts and with companies acceptable to Lentler, and with loss Payable to the Lender In Case-ol loss under such policies the Lender is authorized to adjust.
<br />collect and COmprOmis*. au Claims thereunder and shall have the option of applying all Or part of the insurance proceeds (t)to any Indebtedness secured hereby and in Stich
<br />ord+tr as Lender may determine. (it) to the Borrower 10 be used for the repair or restoration or the Properly or (m) for any Other ptirprisl• Or object satisfactory to Lender
<br />without affecting the lien of this D'Oed of Trust for the full amount secured hereby before Such payment ever took place Any application of pr6cePd9 it) indehtedr.ess, Shall
<br />not extend or POStpOrie the due date of any payments under tho Note of curlt any default therounr-rot or hereunder
<br />S Mafh»nanee Ifepaln and ComisNariea with Laws. Hortowm shall keep the Property .n r/utM cbndilron ana tepa•r Snali pt --o+ly ;,•i,i , r mouse any
<br />inlpiU +emeM Which may be danlBgCd br dPttrnjed Shan rut Cernn „t Or pernut any. +astn Ur AOtenU +al�O'i Of 1hi• i'rO[•pely ♦n;u� nV! +irr'iUYp civil +r••J „• r,,ha.in pally dhpr 1
<br />anrortheimprOYen .nrASOnlhePfODerty 9h ailr+!T!6vmn,4 stiNeeprpelmiianyaCttobUdnhy .hHru ( qn • thePrOpr ' riy rtv.glahen(.fany,;iW ••r,Lr nnr r mq.d :+t•u•. an.t
<br />Sf!aflr.AyAnd P'ernDPyd•sche +QC 211 flnrrowPrr.I ostanl all 1.1-ni. Oncunihr nlLCSand( r' 3icjn9ie. rd ih.Ir,7Sprli iagSPCat•rf dyl,nr,!•r,i. {,..L,.,iy. ry(..ar+n.i..pid
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