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ACKNOWLEDGEMENT OF DEED OF TRUST 8g-- 102078
<br />TRUSTOR READ THIS BEFORE SIGNING: ~
<br />Trustor understands thatfhe documentthatTfvstor is about toexec+ute isa Void -of Trust and not a mortgage and thatthe power
<br />of sale provided for in the Deed otTrust Provides substantially different sights and ,a'oligations to Trustor fr,an a mortgage In the event
<br />of a default or breach of obligation under the Deed of Trust including. but not Ilfnit(ld to, the tender's right to have the Property sold
<br />by that Truasea without any Judicial proceeding. Trustor represents and warrants that this acknow! gemen! was executed by
<br />Trustor before dive execution of the Deed of Trust.
<br />: Trustor (Arnold C. Wean)
<br />Trustor (Linda C. Venn)
<br />DEED OF TRUST WITH FUTURE AI0MANCES
<br />THIS DEED OF TRUST, is made qw. of the 218 day of An h 19-99— by and among
<br />the Trustor Arnold -C. Wenn and Linda-C. Venn? Husband and fife, each in his own right and
<br />as spouse of e other
<br />whose mailing address is 4097 V. Capital. Ayg., Gkind Island, NE (herein "Trustor," whether one or more),
<br />the Trustee, William G. Blackburn, A member of the Nebraska State Bar Association
<br />whose mailing. address.:ia P.O. Box 2280," Grand Island, NE 6$802 (herein "Trustee'), and
<br />Me Beneftciar :. ; mfrZ.> =5 Bank - -
<br />whose mailing address's;+ '. ':4: Box 150T; Grand Island, NE 68802, (herein "Lender').
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to' Azr_ 61d C. Wenn and
<br />Linda C... Henn, Husband and Wife (herein ':Borrower-. whetiter one or more) and the tats *,) F?aci created,
<br />the recelp j qlr which is hereby acknbxcladged, Trustor hereby m svocably grants,.itasnsfors, conveys and assigns rig Trustee, K'..
<br />TRUST, If M' POWER OF SALE, for tie benefit and security of Lender, under and subject to the terms and conditions hereinafter so m"
<br />forth, the real property, described as follows: _. {•
<br />South 78 feet of L(,-t 8, Block 3, Arnold Abbott Addition to the
<br />-City of Grand Isiara-d, Hall County, Nebraska
<br />Together with el) buildings, i improve m6rerz:•Oi ++:,res. streets, aItays, pass ago %vay9i easements, r: -qf,.i =. privileges and appurte-
<br />nances located thereon or in anywise JPiainlri(y:•iri-3reto, and the rents, Issues and ptofils, lteversioris ar ;d rema;nders thereof, and
<br />such Persc na$ property that is atti:crr, rf; ra rho improvements so as to con trhlle a fi ;turn. lhr fl,rding, but not limited r `heating and
<br />cooling equipment; and together wrfsatps homest(tad or marital'nterests. if any, which ifttaiia -i;i> are hereby released -iu +,1viaived; all
<br />cl which, including rep!?:cernents and additions tf*ereto, is hereby declared to be .a part ai ifie real estate secured of this
<br />Deed of Trust and all OV Oe foregoing being referred to heroin as the " Peopeity'•.
<br />This Deed of Trust shall secure Eai the payment of the principal surn and interest t♦vidaF,c.li; t:•! a promissory 'r:rn ct ~,:{
<br />agreement dated April 21.:1939 hav rg a maturity datti 1996
<br />in the original principal mount of S_ _25 ,000.0© - - - and an), all8t'all .,.1 , rs, extensions ,
<br />thereof or Thereto and any and all fuh ;r? advances and readvances to Eloriwvicep, uWt anp of .eo of more the c ^I hereunder
<br />pursuantto one or more promissory '. `,, ;o_'s or cretin agreerrc:rrts lherem cfillsd 'NaIv J) %h) (n.c paymentof other su^n, ar ; van curl by
<br />Lender to protect the security of the N'Uv, (c) tho porftr. manco of alt : a,) a aria: ant! •sgtHttmer,ls of Trustor ;ct forth herein, anti (d)al;
<br />present and future indebtedness and obligations of Ro- rovier (or any of i ern i lapse `that : ,r.c; to Lender whether diroU, Indirect, '
<br />absolute or contingent and ahethor rinsing by nr,!e. gearing, civfrrdeiilt or ilhal4fiz?.1 r''I'll: f 7 o!e-, 1hil, Deed of Trust and any and a!; _
<br />other docuents that secure t"o N319 or otileituiso executed c,l conrr80t'9n iherom th. itiat iming vrilhou! limitation guaranfe_:;, security
<br />agreements and assignments of teases and remit, shall be referred to rltlre,n ail i'14r '�1. ;(i.lrl .. ",irurrN „1s'
<br />Trustor covenants and agrees wish tender as fuNows
<br />'.• ts. 1. Parttnnt of indebtednes;. kll inda_btedness secc:red hereb; S`idit teal paid vanin dui.:.
<br />2 Tiitr.' 1'irastor is file owner of the Propoily, has the right anti authotify t,t conlvir the Properiy. and vrarrwifa 1 1';at the lien
<br />ipreated hereby is a first and prior lien on the P:0N9rti, except for pan:: and unconfli rm set forth ny Trustor in venting and
<br />delivered to Lender before execution of this Deed of Trus' anti dne e,.c: ;:att!rYSnd •dil'riVily of this !)rr- ;; or Trust does not violate any
<br />;s contractor olhe: obligation to v ;nich Trustor ,s subject
<br />3. Taxes:, Atsessments- To pay before delirquency 21' tayes'. speC,al a3r:eJE: "hH'111r and all oPter cha: aes ariainst the, Property
<br />now or fterea;ier levied.
<br />4. Insurance. TO keep the Propesty ,ns „rc3 lit
<br />air.;;id_:'a: ;3 ; ;,;', re. �nvrards :cr:.'i;titlror:1rin:ne!erm eAtendedcovsrage ".and
<br />such other hazards as Lender may require;, In amusinti, at Cn;.'r :.urI.A1,N ltEly !4vGi1j;11Eid* %; L! •ndui r-arr;ir t; Lwider w, an additionai
<br />named insured, • -.1h foss pa,ableto tho Lender in case or os_ a11et4' s.ech Pahl-r.-fl; rtia er ;fer i� autr-cr zed to adjust- cel!ect and
<br />compromise, all cta, rrutnereunder and st -tait have vie opt _,,rof.:nvpt ;,ltgj ill, eawlcilr ?lajmsu t inreproceeds(42oanyIndeuredness
<br />secured hereby and in such order as Lender may rtetenn,rre, frIPe icy rt ur Err ti 3st .iT ed fo/ ; i e repair or restoration of the Property
<br />Of (lit)fur dory oilier purpu!ie Gr object saGafactoryto Lender iY1,h,rut Ztte :hJ tfivi' wit 4r.h,s Deen of Trust fcr tilt- full imuunt secured
<br />hereby before sucr: payment ever took pissxo Any appiisaisDr, of ti'ri':4wlt i t,t :t,ttfi VQJn2Ss 01-ill not e *'end or postpor:e the due
<br />dale of any payments under the Nate, or cure any delaull tr ZAIJIMR), 0!,h6irt1.1,l1W;l
<br />5. Escrow. Upon written demand by Lender, "rrustar sh1` manner as Lerder ,rap designate_ sufficcent
<br />sumstoenab !aLenderto pay asthey'Dpcomodue one or,T2reo!t'i9fol::ia 11IJ trj +a ll.= rY.QS.aSSGSSrnert$Ei"dCf rbrGilirgesagarnst 1
<br />the Property. (n) the premiums or the prcporty insurance requ,mi the prerrrums cr, any mortgage insurance
<br />required by Lender.
<br />L 6. NoWdenance. Repairs and Compliance with Laws. Tr;.stor sfl� ha:. =,,, t',1jp Property ,r, good ccrdd on and repair_ shall
<br />promptly repair, or replace any improvement which may be dare ? tat p- dEGetUeCd. Shat[ not corr:mt or permit any v.aste or
<br />deterioea!ion of the Property: shalt not remove. demolish or substar,!',V rj Irnip cvernersls cr titC Property" shall rot
<br />comm ,t, suffer or permit any act to b©dona rn or upon the Properri In vr� , #- i; "rri ii ;'t�” r.. ord,narce. or regu!:]t u n, and shall pay a"3
<br />prompt:y discharge at Trustor's cost and expense all liens, encurnwar:zr:,- toyed, inlCtUsed or agairlst the
<br />Property or any part thereof r ,
<br />r
<br />7 Efnirtent Domain. Ler;ter i9 hereby assigned alt ccrrrponsa!rsn, awe •u.i; rii;^•ages a"ft Gff7ef p3rrr't-"ts cr re!.ef (torC,na!tc'- d
<br />,•lartli,8EQ9 'f rn ronnert,on itYilh cGndemllJLJn ¢r I7thLrt to ✓.rig ;f L"TQ fivCp6rf'i ';(',:kart Irp'eof, C r (Ol' CO^ �ey:i •,� {r.n I;Nu Uf CUI'dtr'rsit-
<br />flG't Lender shat! be entl!:ed at Its opf,31t lu cunurterre, air ear in a-d yr cs'u -+ ,ts : wl )X.
<br />o..a.: n,.30 rev Cr'rtrlilSt) lei rraice 3-V compramise vi se"ierrent in Connect nrS..:o,- S:»rr!o-: ^.J ;:, :t-v ago I'' •1hC zwt t "In-i J",t
<br />NlC LiSr;3*r q,!::...•¢; rldL,+rPw rG t!)
<br />C'" OkQcri; Mora Nrcr. -n,aY,ustu.5r.::I dim- rcn: "r,Co Yar.aas
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