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ACKNOWLEDGEMENT OF DEED OF TRUST
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<br />TRUSTOR READ THIS BEFORE SIGNING: 8g� - 102097
<br />Trustor understands that the document that Trustor is about to execute is a Deed of Trust and not a r{*njige and thatitt power
<br />o9 sale provided for in the Deed of Trutt provides substantially different rights and obligations toTrustor than a mortgage in the event
<br />of a default or breach of obligation under the Deed of trust, including, but not limitedto, the lender's right to have the Property sad
<br />by the Trustee without any judicial proceeding. Trustor represents and warrants that this acknowledgement was executed by
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<br />Trustor before the execution of the Deed of Trust.
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<br />Tda' r ell L. Pe W) Trustor Pamela Penas
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<br />(Vernon D. Penas) Tr, - (Patricia N. Penas)
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />YHS DEED OF TRUST, is made as of the 21st day of April 19-!— by and among
<br />the Trustor, Darrell L. Penas & Pamela Penas, Husband and Wife and Vernon D. Penas & Patricia N.
<br />Penas, Husband and Wift eadt• • M t;.het own rigit and as spouse d: each other
<br />wtTase malting address is � r e t9 , oy pact, &O&A , Grand 'rah sand , jErein "Trustor," whether one or more),
<br />s �• vwss�T pack as
<br />Trtstee, Will£ata`'-G. -Blackburn, A Member of the Nebraska ,-.State Bar Association
<br />whose mailing rlddit ss is P 0 Box •2280, Grand Island,. Try. 6802 (herein "Trustee "), and
<br />the t3++eticiary, "= '£ve • Points Bank
<br />wttis mailing address is P.O. Box 1507, Grand Island, NE 68802 (herein "Lender "}
<br />t= R LE I RA I t u L x ns: re r .: Darrell L. Penad and
<br />Paaea�i�a, 1�{t�� a�i� tLl(r� ��>� �li��$i�iji?.
<br />Penas. Husband and Wife t
<br />(t erein `Bcrtower", +xt7 +; er one or mere? erd�+�ir.»1rust herein created,
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<br />the receipt of which is hereby acknowledged, Trustor hereby irre.�Cably gra ;i : transfers, corve_ti a3ld lic-signs to Trustee, IN
<br />TRUST WITH POWER OF SALE. for the benefit and security of Lender..; ~der and sublectto the hereinafter set
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<br />forth, the real property, described as follows'
<br />Lots.One (1), Two (2), Three (3), Four (tip) and Five (5), imAlock '.Tlwo(2),. in
<br />H. Breeders' Subdivision to the City of Grand Island, Hall County, W'ebraska
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<br />Together with ell buildings, improvements ! xlures. streets. alleys. passageways. easemen,'s, ^y wi,.,j :Avileges and appurte-
<br />nances located thereon or in anywise pertain+rig thereto, and the rents issues and prehts, re. erGira' S. :W'rt i,Fr 'linters thereof, and
<br />rents so as to constitute a fixture, Including. b :r.- ~, t ilr ?;red to, heating and
<br />such personal property that is attt.ched to the ,mpr.nvm
<br />ccrtlit g equipment; and together with the homestead i,rmarital interests, +f any. which interests are hereh,f,,'.1eised and waived; all
<br />J w.i d;oh, including replacements and additions ther+ -fit 15 hereby dectured to be a part of the real estate ,;i,.u:ad by the lien of this
<br />Deed of Trust and all of the foregoing being referfea to nerem as the ' "Property"
<br />This Deed of Trust shall secure (a) the payment of htc pnn--ip:i, sum and init -rest evidenced by a rto .ssory note br credit
<br />;d a merit dated ___April 1., 19.$9. April 22,
<br />the original principal ?mount. 'JS 37.1 .�U0.00 and any and Lill mod,f,cations. 6,' nsrons and renewals
<br />^?< rErot or thereto and any and.1t: futurc'a0vances and r- advann -1, to B,rrower (or any of e,ern if mare Than one) hereunder
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<br />(:i,e�;sant to one or more prom zn6ry ,cotes or credit g r G-rrH,,ts • "era:n tailed "Note"), (bl the payment of om;;i Burns advanced by
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<br />1.!?at(L9r to protect the security of the NO2E', iCI the pt rfpnlr�,nnu f .g!t :'iris -mtf: E,nrF , irec :n•r ;nlS Of Trustor! ;l ( , r111 t'r•rr }iris and (d) all
<br />pf6sent and future indebtedness and oblgatons of 801 roa(;r (: ,lin , of fl;em r' .;i, +e than one) to Lender ltollier direct, indirect,
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<br />absolute or conl,ngent and whether ansnlg Lw rule olidrarily. 0" r "fi, if Ur Ott •r•, ^ i i,e The flotc•. tnrb Deed of Trust aria vin f and all
<br />other docuents Mat secure the Note orothc •rirseexecut"Cl f' + :fix" nthcrel iiit h, inc! udm _r.rntn out ',mi labor iguarant,s: ;,security
<br />agrcem�nts and assignments at teases and rtnlr.. Bran k;c rL frrrr ; , -, h�•rc :, ris ihr, ; oar, tnstr;.rneirt;
<br />Trustor covenants and agrees with Lender as fo,l(,:vs
<br />Payment of Indebtednesz. An indL,Ajte irwsS `t:oot G'•'`,j f•n"i t. E' j.',ia %voef, dU(:
<br />d Title. Trustor is the ormer of the Ptopuity, A•! inn, 'I; n; :List ,,u!' :or,!; tr, cony ;y till, r >rc;.a -,y 1,r „f warrants that the Iron
<br /><•;, ?;led hereby is a first and prior lien o.+ the Hrot; +sit;, ;• - :'.; t'•, for :en,; a!id r_•ncurnnn,nrc :; %e north': y Trustor in w•,ting and
<br />Otto. ,red to Lur+der before execution of this Deed to Fr •. .i:: ,, .• i ;�r; :u!:o1+ a.id de every of :• r, t7:. or1 of True! does rto! vtoiateany'
<br />conitaot or other obligation to which Trustor
<br />:3 Taxes. Assessments. ro pay before ctE :a ^quv i.y sill 1;w as sp(._i ?, arid all o►itcr ch ;, ;if(s :i against thc: Property
<br />nr, run hereafter levied.
<br />4. Insurance. To keep Vie Property ins :ired against claroage1t111np? -clz rasii, ;ud a. till n *no trrn', "r ;.r'er;dedcuvurage ".and
<br />such other harards as Lender ma,r require iC arno„nt5 anti v,,th :'a7,1'zn accep *.ab'r: tv t.cn9sr rt 9rn1:'rri Lr ; -r der ,as an addrtionat
<br />na lied insured, with toss payable to the Lender autt;orN.iO If, adiw t. _, Olect and
<br />compromise. alt ciaimS thereunder and shall have ine opt, 0'+ of applying a'' or gait of tiiE; im iwinuc: piocceds (,) Io any indebtedness
<br />secured neraby and in such order as Lender ma; delerrnino. i )!7'r,e Trusto- to be used for tie repair or restoration of the Property
<br />rJf hn: for any other ,urp so r l •.t $ ^t'°.fu�ti'ry r3 LQCdcr iris "vii a fs;,tirg th% 12 ri of vii s
<br />- p� Jr :,b ."... = i 3 Deed ©i +rUSt iVr lllf':Ulr aril Vilni 5eCUr G'Ci
<br />hereby before such payment ever took place Any appi.- oatror, of procceds !a indebtedness shall rot extend or r,ostuune the due
<br />date of any payments under the Note, or cure any default thereunder or hereur.def
<br />5 Escrow. Upon written derr`and by Lender, Trustor shall pay to Lender, in such manner as Lende+ ,clay designate, sufficient
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<br />�tl >`t��r,afY�L�• -1*�, a tti.•OraZ1�*GI VCLV'iiC. Vt1E 4irZ Vrr(I riC V�IhE it7itV\:,fiq iq � :itiriC]. G�JE7 rirCr•t7 fii.d Ott �.t +tlf3;•76�crt�fJi
<br />the Propenj (it) the prornijins on the property insurance requ-red hereunder, ar,J li ; the prern,;,rns or any rrortgage insurance
<br />required by Lender
<br />& Maintenance, Repairs and Complisnce with Laws. Trus!cr shall keep the Property lit good cord,ton and cepa.t, shall
<br />promptiy repair. or 'replace any improvement which may be damaged or des!royed. ails:, not commit of permit any Baste or
<br />3yerioraLon of the Property. shall not remove. demolish or s.ibstantcalt,r alter any of the improvements an the property sr,ali not
<br />com^rr:t, suffer of pp_unit an; data be done in ar upon, !vie Property in violation o: ar,y law. ordinance, or regulation, and sfva :i pay and
<br />nrorripTI discharge at Trus•or's cost and expense all Imns. encumbrances oral charges rev.ed imposed or assessed against the
<br />Ptloperty or any t,a!f thereof
<br />, EtigniatiI tiotnaiff. Londe- is, tiwoolf, LiS3'tJr,ea ail Urri(7e::!; it:ar., awards d:- i —age5 ar':f of %'r:' trayrine'tts at relief (Mite :tTaltrrur
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<br />Pruteeds l in carmgL -tion ninth condemr;al-vi. or other t,ak,na of t''iU Punerty or part !!'e-eof, r_,r for conveyance in lieu of c" ++de +t+ri :i-
<br />t..�ti .Cr :,t>;! GP,771 Le ent.r.ed U" i`^J L'at'0:: !n c atnrnrLhLfJ- autlV l ,n ar':t G•osC'Lu'L, . :14r. raTgi ;ink aft -.jr: nr t;ro,1E'e;j+r1g5. a--d
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