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<br /> �
<br /> � ACKNOWLEDOEMENT OF DEED OF TRUST
<br /> � TRUSTOR READ THIS BEFORE SIaNIN(3: �Q.�.�o`�2�Q
<br /> � Tru�tor uncNnpinda ih�t the documer►t f�at Trustor it about to execute la a Deed oi Trust And no!a mortgage a�ci that the power •
<br /> OZ Si��E1f0Yt�ia��a'iP 1n t`�a t)aad o.Tru�t pr�ri�a au�ta��i�alty di�a�ani rlp�►ta an�ob3lyoilO�3 f"v'TYiiai'vr ii�nii 8�ii0�iyeyo 1i12iiv vY@�ii
<br /> ot a dMault o�br�ach of ob1l�Non under thp Dsed of Truat,lncludinp,but not Ilmitad ta,the L�nd�r'a�Ipht to havs the Property sotd
<br /> ` � by th�T�wNS without any Judiciel proceedinp.Truator represents end warranta thet thia ecknowiedpement waa executed by
<br /> � Trualor b�fors 11�s exacuNan ot the Oeed ot T�us� H � D P tn�rshi
<br /> j �
<br /> ��
<br /> � Truato� . pa�•
<br /> � • l
<br /> � Trusto� RpbeYt Hirx�nan, pax't.
<br /> . �
<br /> � DEED QF TRUST WITH FUTURE ADYANCES
<br /> � THIS DEEO OF TRUST,ia made a�of tAe 20� day of July , t9 90,by and emong
<br /> i _.
<br /> � H � D Partnershi
<br /> ' the Trusto�. P
<br /> .
<br /> ;
<br /> i whoas maflinp add�ess is P• O. Hox 2220, �xand Island, Ne. 68802 �herein��Trustor,"whether one or more),
<br /> - } !ha Trs�. First National Bank and Trust Oo. of Kearney' _ ,
<br /> � whoas rnaiNnq addreu la p• O. Hox 578, Kearney, Ne. 68848 (herein"Trustee'q,and
<br /> � the Beneflciary, Fi st Na�.ional Bank a►�d Trust Oo. of Keaxnev ,
<br /> � whose rttailin�addres� la p• O. Box 578. Kearney. Ne. 68848 (heratn•��ender").
<br /> � H � D Partnership
<br /> FnR VALUABLE CONSIOERATION,inciuding Lender's extension of credit identified herein to
<br /> I =
<br /> : (herein"Borrower",whether one or more)and the trust herein created, • �
<br /> i Me receipt of which is hereby acknowledyed, Trustor hereby irrevocabiy grants. tranafers, conveys and asalgns to Trustee, IN ,
<br /> TRUST.WRH POWER OF SAtE,for the benetit and security of Lencler,under anct subJect to the terms and cond�tions herelnafter set �
<br /> ( torth,the resl prope�i, described e�Toilowa: � ?�
<br /> -; ine �utii- o.a r�ee't or the wes't i i o.2 F`ee�'t arxi ciie �cn 2.�i i�eei o€ uie r,asL 3�.3 Feet. '-_ _ =-- t__--
<br /> � of Lot 'Ihirteen (13), and all of Lot Fifteen (15), in Block Fburteen (14), in College ^_
<br /> Ad�dition to West La�nm, in the City af Grand Islan�d, Hai 1 County, Nebraska. -
<br /> ; -
<br /> f
<br /> � To�eiher with all�uitdinys, improvements,tixtures.streets.alleys,passageways.easerrtenta.�Ights, privileges and appurte- .
<br /> 1 nences iocated thereon or in anywiae pertaining thereto.and lhe rents.�ssues and profits,reversions and remainders thereol,and
<br /> � such personal prAperty tha4 is attached to the improvements so as to consiitute a f�xture, �nclud�ny,but not Nmited to,heatinp and
<br /> � coolins equipmenx and topether wfth the homestead or marital interests,if any,which�nte�ests are hereby released and waived;ail
<br /> 01 whiCh,includin�repteCBments and additi0ns thereto,is hereby declared to be a part of the real esWte seCUred by the lien of thi�
<br /> Oeed of Truat and all of the foregoing being reterred to herein as the"PropArry". �
<br /> �
<br /> � This Deed o!Trust shall secure(a)the payment of the principal sum and interest ev�denced by a promissory note or credi3
<br /> s a�reement dated July 20, 1990 ,having a maturity date o! .Tuly 20, 1992
<br /> � '
<br /> � in the Original prinCipal amQUnt at s Z.,500.b0 ,and any and atl modif�cation9,extensions and renewals
<br /> thereof or thereto and any and all tuture advances and readvances to Borrower (or any of them �f more than one) hereunder �
<br /> ; pursuant to orte or more promissory notes or credit agreements(here�n caf led"Note");(b}the payment of other sums advanced by
<br /> i Lender to protect the security o}the Note;(c)the pe�forma�ce of all covenants and agreements of Trustor set forth herein;and(d)all .
<br /> ° present and Tuture indebtedness and obtigations ot Bo►rower(or any of them if more than one)to Lender whether direct,indlrec� ""
<br /> j aCsolute or contin�ent and whether aris�ng by note,guaranry,overdrah or otherw�se.The Note,th�s Oeed af Trust and any and all � '
<br /> othe�dOCUentsthat SeCUre the Plote or ptherwise exeCUted m conneCtion therewith,�nCludmg without limitation guarante3s,securiry �
<br /> agreements and assignments of ►eases and rents,shatl be rote►red to here+n as the"Loan Instruments". -
<br /> Trustor cavenants and egrees with Lender as t�llows.
<br /> t. Paym�M ol tndsMtdn�ss.Ail �ndebtedness secured hereby sha�t be pa�d when due.
<br /> 2. T!!!a.Trust�lr f&tt�e Qwner ol th$PropQrty,has ihe r�ghi and auihor3ty f�coa�:e� ihe Propsrf;,snd e:arranis iha!the tien
<br /> created ha►eby is a first and pnor lien on the Property, except far lions and e�cumbrances set torth by Trusto� �n wntinp and
<br /> delivered to Lender betore exec�ation ot this Oeed of Trust.and the execut�on ar.d del�very of th�s Deed ot Trust does not violate any
<br /> contract or other obligation to wh�r.h Trustor �s sutrlect •
<br /> 3. TaK�s�Ass�s�m�nts.To pay betore delinquency a�i taxes,speciai assessments ar.d a�1 other charges agamst t;�e Property
<br /> now or hereeRer levietl. ,
<br /> 4. IMUnne�.To keep the Property�nsured aga�r,st damage by f�re,hazards�ncluded w�tn�n tho term��extended caverage".and
<br /> SuCh Oth@r hezerdS aS l8nddr ma�requ�re,m amounts and�+�th compan�ES acceptable to Lentfer.nammg Lender as an add�tional
<br /> named�nsured,w�th Ioss payeblo to the Lender.in case ot ioss under sucn�oi�c�es.�ne Lende� �s autnor�2ed to ad�ust,collect and
<br /> compromise,all cla�ms thereunder and shau havb th�opUCn of appiy�n�aii or part of tne�nsurance p��ceeds l�l to any�ndebtedness
<br /> secwed heraby and m such order as Lender may determ�ne.(��1 to tne 7rustor to be used tor tne+epa�r or restoraUCn o1 the Prdperty .--_—___ _
<br /> or qNq tor any other purpose or ob�ect sat�sfactory to Lendar w�tnout afiecLng the I,en of tn�s Deed of Trust to�the[uu amount secured •
<br /> herQby betore such payment ever took p�ace. Any appl:cat�on of proceeds to.ndebtedness shail not extend or postpone the due
<br /> ' d�tO oi 8ny payments under the iVOte. o►curQ any d�fault thereunt9er or hereonder
<br /> , 5 E�Crow.Upon wr�tten demand Dy Lender,Trustor shal!pay to LeRdec�r such mannBr as Lender may d0s�c�nate.SuH�C�ent
<br /> sumsta enaDte tencler to pay as 4hey fiecame d�se a�e or more of tne touo�v�ng �,J a��taxes.asse�sments anci other charges aga�nst
<br /> the Property,�n)thp pram�ums on the D�ope�ty �n;u�a�ce �equ�red r.�reunder and (�u!tFe prem�ums on any mOrt�age�nsurance
<br /> rtlquired by Lander. �
<br /> � 6. Malnt�nine�,Rtpatn and Compll�nce wlth Law�. T�us.to• s►'�a�� Reec� the Q�ape�ty •�, good cond�u�n a��d •epa�r. shalE
<br /> promptty repau, or roplace any �mprovement WhiCh m�y t�� dain�gQtl �� dCSl�py'4LS S!�i3L i-p� Lpmm�t pr perm,t 2�y .v85tE O�
<br /> deter�orat�on ot tne Hroperry Sh�ti npt ��rt��vC, d0ry'O!�Sh ;�r SubStdnt�'��y ;i 7E� ;���y o+?re �^'U'�'+Frt E��!5;;^ 1��E� P•Ope�ty Sni��� npt �
<br /> Comm�t,5uttpr or erm�L an aGiin Qodon��n or u o�the pra Ert � ..o at cn c�a�•. .ar. :,•- r� ��� < � �� a. �rd r.,�
<br /> R Y p R' Y' �� <l•':.E .. Pg,.::lt:�r. f�i� ch•i�� r� �T
<br /> promptty @�scharge at Trustor�s �:Uyt�nd eRpe^SE 3il I er$ f?^CU^'C'ii�iLPS ;i� .S f_r'rtt�j�g f'+�eJ �T�(�OSCd �'iSit.'SSE� 3C�ci�nSt jhti? y7
<br /> Prpp�rty pr �lrl�(J:]�S 1hEreL�f a
<br /> � Eminent Oamatn.:.c`it(jC' •S h�`rE'by i1SS l"�Et� d" C'_'�r•'L:f''�i_lI u�� .Ir.�i'tlS 3�i'���1�!'c :i' .i :.1�t• t-:�r�'r�!S .. r<.'.(•�{rNtN.�,�f�iF•� .
<br /> �'r,iLCE�C15 1�n Cui�nL'Cl On w.lh c t�'�dl'rn^.Lii Oi��•�t� c�i ta� , ���,�.c•�'�rC��t, „��.i.�.��,.i. . ,.� „� •.�erd• ,t� � .e�,:v� �c,� ;t.n.�,�
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