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Wi ACKNOWLEDGEMENT OF DEED OF TRUST : TRUSTOR RGAMTHIS BEFORE SIGNING- Trustorunderstartite thtd, the document that Trustor is aboutto exectutsis a Deed of Trust and not a mortgage and thatthe power of sale provided fRr.In the DOW of Trust provides substantially differ t rights and obligations to Trustor than a mortgage In the event 1 of a default ar breach ct chli #at(gn•under. the Deed of Trust, inclu n9, t not limited to. the Lender's right to have the Property sold by the Trustee without agsr judicial; pigceeding. Trustor repress %Richa rrants that this acknoted$ement was executed by Trustor before the enscuttan oi.the 0? ild•of. Trust. 'P. B ell Trustor rcatitvna t. oell Trustor DEED OF TRUST WITH FUTURE ADVANCES THIS 05ED Oi= TRUST, is made as of the 27th day of February ,119-it-by' g 89 by and among jw_ the Trtustori Richard A. Sell and Ramona I. Bell, Husbanei. and, 641Te whose mai(Ing-rtfl,°�' ,. 2425 W:f6teciE'„ Grand Island, NE (herein °Trustor,^ whether one or more), the Trusteei. York State Bank and Trust, Company whose mailing address is Znn t Tnrnln jLWnue, York. NE- 6P467 _ (herein "Trustee), and the Beneficiary, tF Ynr 4*Ate Rank gust Qm any whose mailing address is __ ?On fi nrFrnln A,amrP, York,_68467 (herein "Lender). FOR VALUABLE CONSIDERATION, including Leader's extension of credit identified herein to Ricl'Tal�i P. Bel l and Ramona 1. Bel 1 (herein "Eorrower ", whether one or more) and rza trust rcreir. created, the receipt cf *[,,-;ch is hereby ackno edged, Trustor hereby irrer +arabty grants, transfers, conveys and assigns to 7=- ae, IN TRUST, WITH POWER OF SALE, for the da�, .efit and security of Len de,. under and subject to the terms and conditions here' after set forth, the real Pi cperty, described as to Yt.n vs. Lot Two (2), CentennFa1 Gardens Subdivision, City of Grand Island, gall County, Nebraska Together with all buildings, improvemer.:s, t:xturei streets, alleys, passageways, easements, rights. on;� i%•ages and appurte- QZJec: + iocated thereon or in anywise pertaining thererv, and the rents, issues and profits, reversions ar, thereof, and such Personal property that is aftched to .he improvements so as to constitute a fixture, inclush�.t�, to, i.�.+a3ting and cooling equipr~•anty and togeti;er with the h arrestead or marital interests, if any, which interests= are y.`J� r�;aasef a t i�wa ved; all of which, Inclad: rig replacements and addificris thereto, is hereby declared to be a part of the real by My fa r.-r; of this Deed of Trust amd all of the foregoing bem; referred to herein as the "Property". This Deed of Trust s t_i; secure (a) the payment of the principal sum and interest evidenced by a prcrilssory note or credit, agreement da!W - FebrUary 77 12A9 having a maturity date of �►J7 Demdnd _ _ in the original principal amount of $6:$00.00 _ , and any and all modifications, extensions and thereof or thereto and any and all future advances and readvances to Borrower (or any of them it more than one) h8rEU1der pursuant to one or more promissory notes or credit agreements (herein called "Note'); (b) the payment of other sums adtiar'.ed by Lender to protect the security of the Note; (c) the performance of all a:,. r:rarts and agreements of Trustor set forth herein; :arid (d) all present and future indebtedness and obligations of Borrower (or at-, of them if more than one) to Lender whether direct, indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other docuents that secure the Note or otherwise executed In connection therewith, including without limitation guarantees, security agreements and assignments of leases and rents, shall be referred to herein as the "Loan Instruments ". Trustor covenants and agrees with Lender as te!lav:•s; 1. Payment of Indebtednalso. All indel dr. ,ass saw -red hereby shall be paid when due. 2. Title. Trustor is the owner of the Prot;,=.rtf, i ice.; :!e ,right and authority to convey the Property, and warrants that t)-,* created hereby is a first and prior lien on the- PrOP-5-1 F, except for hens and encumbrances set forth by Trustor in vaiijl- R2.arks def::rerad to Lrv-.Jer before execution of this Deed of Trust and the execution and delivery of this Deed of Trust' does nct ccattra,.t 4r ctf-4r obligation to which Trustor is subje -v. 3. Taxes:, Assessments, To pay before delinquency a;l taxes, special assessments argil aii other charges against'd,;: Property now or nsurnf ( levied. 4. Insursnrtae: To keep the Property insured against damage by fire, hazards included within the term "extended cawLIr:;ge", and such other hazards as Lender may require, in amounts and with companies acceptable to Lender, naming Lender as an rtilditional named insured, with loss payable to the Lender. In case of loss under such policies, the Lender is authorized to adjust. cmifect and compromise, all claims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any rrdditfedness secured hereby and in such order as lender may determine, (ii) to the Trustor to be used for the repair or restoration el ifte Property or (iii) for any other purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amour•.° secured hereby before such payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under the Note, or cure any default thereunder or hereunder 5. Escrow. Upon written demand by Lender. Trustor shall pay to Lender, in such manner as Lender may designate, sufficient sums to enable Lender to pay as they become due one or more of the following: Ill all taxes. assessments anti other charges against the Property, (il) the premiums on Ilia property insurance required hereunder, and (iii) the premiums or; any mortgage insurance required by Lender. L 6. Malnfanancs, Repairs and Comptlanco wNh Laws. Trustor shall keep the Property Promptly repair, or replace any improvement which may be damaged or destroyed. shall no! condition omm t orperm t any pwaste or deterioration of the Property; shall not remove, demolish or substantially alter any of the improvements on the Property, shall not commit, suffer or permit any act to be done in or upon the Property in violation of any law. ordinance, or regulation, and shall pay and promptly discharge at Trustor's cost and expense all lions, encumbrances and charges levied. imposed or assessed against the Property or any part thereof 7- ErnMsnt Domain. Lender is hereby assigned all compensation, awards. damages and other payments or relief thereinafter `Proceeds') in connection with condemnation or other taking of the Property or part thereof or for conveyance in lieu of condemna- tion Lender shall be entitled at it9 option to t;ommonce. appear in and prosecute in its oven name .any action or P. oceedinas. ali(l shall also t)e entitled 10 make any compromse Or Settlerment ur connection With such tilhtitq or damage l" the resent any tIurtu,n pt kEt YdSr(4[rayi,c_f „ s. DaWrrtq ro HB . �'' r 00� M,t ..: ai P.�.a of f t« �.e.c• t, �:. s.- 19w.gs •:,uc r. R,�, L.ntu:n kear,;>, • iS -"I 4 ; r ” ra 10 8 �i