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I 9011ROWERI HEAD THh BEFORE SIONING. ACKNOWLEDGEMENT OF DEED OF TRUST 89-100622 Borrowers (Trustors) understand that thadocumenl that tha8orrowers areaboutloe'tecute Its Deed of Tiustand rota mortgageand thstthe power 018416 provided for in fha Deed of Tfllst provldea itubstenlially different tights and ratiligatlons to ft Borrowers then a mortgage in the eyenl of a default or branch of oliNgelion under the Dead of Trust, including, but not limited to, this LenList's. right to have the Reel P"nmtty $old by the Trustaa without any judicial proceeding or foreclosure. Borrowers te *"nl and warrant that this acknowledns gernt was execuW by them before the vxsculion of the Dead of Trust. Borrower Borrower PREFACE TO VEEO OF TRUST COMFLM ffrla poevott ONLY" No"" proprty Aslc NW CaVWb el 11IN0*01VALLV OWNED AGRICULTURAL LAND. H motak, compkN omrky OmE ~,*1N. N. or C: O A. DISCLAWER OF RIGHT TO 9ESt:6iit!WbrE HOMESTEAD. The Borrowe(s) acknowleckethatthey `xvfag gut toexeckrteNre!ptlawit . ClgegafTr ustupontherealestatedescribedtherein. TheBorrower($)•andeachollhernif man than one, do R(IHJy discia/n?llvdr rigfiT.�tt r;ietl Ana e s hantegf;�adpurSUan0ltrateto. No part of the homestead of either of the Borrower($) Is presently or will in IM future fe situated uprii+ said real eata!e. theBgrr,O}f07fs),a6aerstsnd that it eithEtresfwblishes a homestead on any VaVll of said real estate during the time the Deed of Trust remains unsatlsfiedenda lien upon said real esCioLe,ifYLSra)xCiall be no fight to makea•:ltrsrgnatlon of homestead In the worent of a toreclosuro or IrU$1N'S sale with respect to sold Deed of Trust O B. wAIVER OF RIGHT TO DESIGNATE HOMESTEAD: TM9orrowerfe) "knew I dgetha ttheyareabautt4execute( he( ollowingDeedofTrustuponl*evealesMtedeseribedtherein The 80trOweri$), and *Nth of them if more than one, do hereby waive their right to designate a homestead pursuant thereto The Borrower(3) understand that they have the right to make a designation of homestead and that by executing this waiver• theyare waiving rights otherwise availablefor the purpose of atfeftv them the opportunity to retain their homestead in the event Of a default upon the Deed of Trust. O C. DESIGNATION Dirt HOMESTEAD: Pursuant to the Farm Homestead Protection Act (Section 76.1901 et serf. Rev sed Statutes o1 the §late of Nebraska), the 8orrovver(e), do hereby designate the real property described in the "Designation Of Homestead" attached hereto and incorporated herein ty leis reference Borrower Bar tower Ueeu OF TRUST WITH FUTURE ADVANCES PROVISION THIS DEEO OF TRUST is made as o1 tne27___ day of _ ;^ jjp tg � by and among the Trustor. Denni s D. �N or>r-a -- P- a�.ricia_",Lton, _ huab�nd ...l I,en, e,,d.ess rs P•_ 0_Box 315. DQLliphan, flank a.f `'Doni phan ( -s a 1. erein "Borrower")_ the Trustee. _ — wlwsemaiNngsddref� +s ''P�.�,.--$ ABC-- � •f°r*,n+2��.�hS2ZT-- �,�.��$�2_� therein "Trusrr.,r�. and Itweeneficiery. Ran c , �oniMhSn_ _ - _ _ _ whom rnaieng address is P.gBOX Br, Doniphpn NE 6$832 T (herein "Lender') FOR VALUABLE CONSIDERATION. mclud'rng tt►e indebtedness identified t tirr:+r, and trust herein created, the receipt of which is hereby aCknowledged. Borrower hereby and conditions hem n3fte, et conveys and l prop s to Trustee. (J11 TRUST, W QTR POWER OF SALE. for the benefit and security of lender, under and subject to the term$ and conditiarts YrfNamalter set 4Gr(7i• the real properly. descfrbe�E'as followr Lot 13, in' 'Ea�4�:t Subdivision,, a part of Lots 7, 15, 16, 17, and ..18, Of County Subdivision or part of the South half of Section 5, Tcr ship 9 North,``JUnge 9 West 01 ;f the 6th P.;,%, in the Village of Donipha' ,: Nebraska.. TOg1her with all buildings, krnprll and r off s. iorEs. streets. adle7�s, passageways. easements. icghts, privileges and appurtenances located thereon or in anywise pertasnlr,p tfMfeto. and the rents, issues and p►olfts, iCryi�rSianS end, rCnPalndefs thereof, including, but not limited to. heating and cooling equipment and such personal Property that is attached tO the improvements soas to cdhst:fute a hxluro: and together with the homestead or marital interests, it any, which interests are hereby released and wa'vad; alt of which, including replacements and additions therEtit, va hereby declared lobes part of the real estate secured by Mellen of this Deed of Trust and all of the foregoing being nkrred to herein as the -Property**. r�This Deed of Trust shall secure (a) the payment of the principaf•tum and interest evidenced by Borrower's note and:or credit agreement datedJanuary -r� t- - - -- .having a maturity date of _Ja _ i C 9 the original Principal amount of S129200.00 mOdi i ations. extensions and renewals thereof or thereto and any and art advances and readvances hereunder pursuant to one or more promissory notes or credit andanyandall agreements therein called ••Note "1. (b) the payment of other!ums advanced by tender to p rolect the security of the Note. (c) The performance a If covenants and agreement Of 80frowef set forth herein: and (d) all indebtedness and obligations of Borrower to Lender whether direct. indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise Borrower, to protect the security of this Deed of Trust. covenants and agrees with Lender as follows %': Deed of Trust Ofr»e)p.iatWtniwest. Borrower$ hail Promptly pay when due the Principal of and interest on. and any fees or Charges Provided in. the Note orinthis 7 TRW. SOrroweris the Owner olthe Property. has the right andaulhoritytoconrey the Property, and warrants that The lien created hereby isa first and proof lien on the Property, except as may otherwise be set forth herein, and theexeculron and delivery or this Deed of Trust does not violate arty contract of other obligation to which Bofrovver is subject 3 Tt: 4s AS „ yTopay "en dueeli taxes. special assess men/ s and attothertharges against lnePropertyartd. upon wnitendemandDy Lender. topayto Lender eVCh aniowM M may be sufficient to enable the lender r0 Pay such tames. ass*$Sm#nta or Other charges ae they become duo 4 I"Welrfee. To keep the Property Insured against dam age by lire. hazards lnefudedwrthin the term'ertended Coverage' AM luGh Other hetdrd5 a3l@nler mAY roeuue, In aatOunHand wn"Ofepanloeacr:eAtable to Lender end With foss Payable to ins Lender rn Oesa or loll unlnr sutra POlitind the tendsr is eufhorited to adlual cc! lec t arid compromise, aNCtaima thereunder and Shan hale the Option 01 applying al l Or na r10t ina msu ra nCe proCeedS to] to any indebtedness secured hereby and in such order as Lender may determine. fit) to the Borrower robe used for the repair or resiorohan or tine rroperly or (list for any other purpose or obtecf safrsFactory to Lender without affecting the lien of this Deed of Trust for the tun amount Secured hereby before Such payment ever took peace Any epP'lcahOn of proceeds to indebfedness shall not eafend Or pOStpprie the due date of any payments Vnder the Note- or cure any defaa -1 thereunder or hereunder 5 MainMnance Re,a(rs aM Camf,Manee with Laws. eorrnwef shall keel) he Pr 'm Peurerr.lnlwh•eh may be damaged Olditsftoyed shall noicommd or Dermit an D delp,, +n goad t ^r�,f:nn dry repair Sign prpr.. r,t�y •PpLr er rnprgro gnr an,( 011ke improvements on the properly shaltnotcomm:t lull r r Ywaste nr deten0•at:�n of thn P.•,l,o•ty 3'.Siinnr rPm�rr rlernn -ears nr sobga ^rig, a•rar lh3n payend D'OmpiFy t,•:4r hsr eAt Bun e 0 permit anyacrto bu done u: or uooning r•r,n"•rl •. •,•g•.,,,- nrnnriln n'•f r - -n nr,nq.,•ir..: i..3 g Owlr sCO31 a'rOe�DenSea111ierH. enCumbrancMen�rngrq^ sin,. r. t- ^f•.Sod,•,•aa ^.r.3sny aft,• -a,r of .. q.+. r,.,. 33.., r +.r r ^v.. -r i 7 i ': atilt