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np9�° � �Pi 4� v {5r � 3 . _s r ACKNOWILEDGE&UNT OF DEED OF TRUST Y„g�r` laic f s r ^I""s -"`��.�? >u�•v � �� 89-- 102160 < READ THIS BEFORE tliD Bonbeer a( Trwtoo) udiirstr+bOrtlM document tartlMem afeem smaboutb. amMb. CWdotTnnuadwM. awrty .paandria11te0owrofaeNp.wsew for In the Deed of Tnnt provides subsantisAy dN1*rent rWffs and oelipff ii, m the Borrowers lilies a mdrlgtfpo in this otertof a 691&A a bread) Of QbIIQ ~ under tl». 'r Deed a Trust inc!ud Irg. tut not tiraltad to. the t endMs right 10 hoes 5n* sew Property sad by'.Ae Trustees without serif► Mdicial pr at foreclosure- 9ortO"ii0. represeent and warrant Wt tits adurowWgen!snt vm eaaceslsd ttj Own before The esecution of iA* Deed Of Trust Houghton (L of is B s to 8OROwer PREFACE TO DEED OF TRUST _ COMPLETE *JS portbn ONLY 9 the real property device d cosier a MOMDUALLY OWNED AGRICULTURAL LAND. tf app.catel rI o ;I - ONLY ONE etlhx A. D, or C: ❑ A DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD The Sofrowerrs) ecknowMdgs that they are abcu! t^ esecut@ the following Deed a Truss upon The rose estate described Mersin. TThe Borrower(s). and each of them el more then one. do hereby disclaim their right io des"te a horresstead pursuant thereto. Nc. par! of the tnom*slead d *Itthar a !tie tiorrovr@r(s) b presently o• writ tin the future be selus led upon said real *state. Tl.e Bonower(3) understand that if either, estaDtishea a homestead o:v any part •ol said real @slat* during the time t» Deed of Trust t *mains unsatis food and a Men upon said real plate. there shall be no right to make a designs lion OI hOmastea: in the arr ant of a kK*CW*Ur* Of trYatN a tees win respect 10 said Deed of Tent ❑ 8. WAIVER OF RIGHT TO DESIGNATE WAAESTEAD: The Borrowers) acknowledge that they are about to execute the I011ovreng Geed W Trull upon the real est ate described ther@in. The t3onowerls)• and each o'. them to more than one, do hereby waive their right to designate a homesteaj pursuant thereto. The Bc•rower(S) unierstand that they h*"e the right to make a tleSlgnstlOn Of homestead and that by executing vas wahvar• they are warvirnq rights otherwise avaelib:e for the PUfPOSe Df aHOrdeng tine m Chef Opportunity to retain their homestead on the *vent of a default upon trre Deed of Trust. ❑ C. DESIGNATION OF HOMESTEAD: Pursaant to the Farm Homestead Protection Act (S:cllon 76 -1901 at seq. Rrdsed Statutes of Ina State of Nebraska), the Borrower(*), do hereby designate the real property described In the - Designation of Homestead- at:fxned hereto and Inca poratso herein by tnis relerenca. P.o.'rowor Borrower DEED OF TRUST WITH FUTURE ADVANCES PROVISION THIS DEED OF TRUST, is made as Of the 27th., of _Afprlj___.._ 19 _89_ . by and among the Trustor.._Eioyd__E.._BQughton _�1 Luella Bought p__ and wife._ ___•w„�m,,,,mtiaodres :la �Z26 �s aJ4l[IA_Qra�LGLl�lansi- NE ,R�8Q3 -6141 _(here, Borrower) the Trusleff- Wil!lam. G F3lackliurn._d member_nf the NF State Rar -Assn., whose matting addressiis_P0��__Bo-x- _2280 � _�Gr— aad_ — _W- -an-d- , NE___fi3AQ2= 220_ (herein -Trustee -). and the Benefhcary. _ L1Y_e_faint7La1] -- whose ma.hrig addtess ,a -P-0 Grand _ stand___ E_6889Z-_U0_7 - -- -- (herein - Leno.r , FOR VALUABLE CONSIDERATION, including the indebtedness identified herein and trust herein ereated. the receipt Of which is hereby •cknOwleOged. Borrower hereby irrevocably grants. Nansfers conveys and assigns to Trustee. IN TRUST. WITH POWER OF SALE. for the benefit and security o( Lender. under and subject to the terms and conditions here natter set forth, the real property. described as lonows Lot Fourteen 1 1.4) , in Block Two ('I), in West Bel Air Second Addition to the City of Grand Island, Nebraska Together with all buildings, improvements. fixtures, streets. alleys, passageways. easements. rights. privileges and appurtenance located thereon or in anywise pertaining thereto. and The rents, issues and profits. reversions and remainders thereof. including, but not limited to. heating and cooling equipment and Such personal property that is attached 10 the improvements so as to constitute a future. and together with the homestead or marital interests. d any, which interests are hereby released and waived: all of whecn, including replacements and additions thereto is hereby declared to be apart of The real estate secured by the Iron of Ines Deed of Trust and all of the foregoing being referred to herein as the - property- This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by Borrower's note and/or credit agreement dated -- 6 237 69 April 27 1989 , having a maturity date of �I�3y_i_ _1942 in the onginai principal amount of S _s— and any and all modifications. emensrores and renewals ltiareef ot thereto and any and all future advances and readvances hereunder pursuant to one or more Promissory notes Ol creed agreements (herein called -Nola ): (b) the payment of other sums advanced by Lender to protect the security of the Note. (o) the performance af�covensnts and agteerent of Borrower 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 o, Trust. covenants and agrees with Lender as follows. 1. Payment of Principal and InlensL Borrower snail promptfy pay when due the principal of and interest on. and any fees or charges proveded en, the Note or in this Leed of Trust 2. Title. Borrower is the owner of the Property. has the right and autnc+dy to convey the Property. and warrants that the hen created nereby n a first and prior ben on the Property, except as may otherwise be set forth herein. and the execution and delivery of this Deed of Trust does not violate any contract or other obligation to which Bcf!ower is subject 3. Taxes, Assesttments. To pay when due all taxes. specfa! assessments" all other cnarges against the Property and. upon written demand by Lender. To pa y to Larder such amouni is may be Sufficient to enable the Lender tO pay such taxes, assessments or other charges as they become due. a Insurance. To keep the Property insured against damage by fire. hazards included we!h•n the tern. - extended coverage-. and such other heaa:ds as Lender may require, in amounts and with companies acceptable to Lender• and with loss payable to the Lender In case of loss under such policies, the Lender * aulnonzed to adp. sr, collect and compromise• sit claims thereunder and snail have the option of applying all or part of lee insurance proceeds (d to any indebtedness secured hereby and in sucn order as Lender may determine, (if) to the Borrower In be used for the repair or restoration of the Property or (fit) for any other purpose or ob!ect sahtfactory for Lencer without affecting Ina aeon cl this Deed oLTrust for the full amount secured hereby before such payment e•.er look place Any sppb6ri:nn of proctads to indebtedness shall not extend or postpone the due dale of any payments under the Note. or cure any default thereunder �v hereunder S. Maintenance Repairs and Compliance with Laws. Borrower shall keep 1ne Property in good condition and repair, Shan promptly repair. or replace any improvement which may be damaged or destroyed: shall not commit or petered any waster dewforatton 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 uMn the Property in v' Mahon of any law. Ordinance. or regulation. and snail pay and promptly discharge at Borrower's cost and expense all Hens, encumbrances and charges Leveed. imposed or assessed against the Property or any p.it thereof M1'',,1