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<br />ACKNOWLEDGEMENT OF DEED OF TRUST 10240 t
<br />TRUSTOR READ THiS BEFORE SiGNiNG:
<br />Trustor understands that the document that Trustcr is about to execute is a Deed of Trustand not •al mortgage and dtat titttpiq,wr
<br />of sate provided for to the Deed of Trust provides fsubstanUatty different rights and obligations to Trustor then a mortgage In lftsoit a ft
<br />of a default or breach of obligation under the Deed of Trust, including, but not Hmtted ta the ener'r e p �Sd i e topeAgt o
<br />by the Trustee without any judicial proceeding. Trustor represents and warrants that this acctnowlettgement was ex1'utW:by -
<br />Trustor before the execution of the geed of Trust. ' ''
<br />(Gary Lemburg or (Priscix a =B.. Leo urg) J:
<br />(W. Wrenn Lesher) Trustor (CecelLA' Ltr her)
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS n FR i �li'S��d�Ca�1g — L�.dV.ye% May cog offe iaB;t r1 pgap%nong
<br />the Trustor, Cecelia Lesher, husband & wife each in their own right and aa spouses of the other
<br />whose mailing address is 1703 Grand Avenue, Grand Is3aad, NE (herein 'Trustor ;' whether one or more),
<br />the William G. Blackburn, a Member of the Nebraska State Bar Assoeiatien ,
<br />whose mailing address is P.O. Box 2280,, Grand Island, NE (herein "Trustee "), and
<br />the Beneficiary, Five Points Bank
<br />whose mailing address is P.O. Box 1507, Grand Island, NE (herein 'Lender ).
<br />Gary R. Lemburg &
<br />FOR VALUABLE CONSIDERATION, including Lender's a tension of credit 'den ified herein f Priscilla E. Lembtarg.
<br />husband & wife and W. Wrenn Lesher & Cecelia Lesher, husband & wi e-eacb iu their carry right
<br />and as spouses of the other
<br />"8crr ;Kier ", whether one or rm c, s) and the fnist herein created,
<br />the rem-p! of which is hereby qrl- n::wledyed. Trustor hereby rrev:31,'=e ;:y ;rants, ra;-c-fars, conveys and ass•,jrs to Trustee, IN
<br />TRUST,',IATH POWER OF SALE, fcrit a oeraf.r a,,d sec,.mi:ji cf t Eider, aria brand tl.r�,,:r::ta the terms and condtlic_ns hereinafterset
<br />forth, Vey ,eal property, describedss.`.otlows:
<br />Lot Six (6), Block Forty (40), Wasmer's Addition to the City of
<br />Grand Isla)td, Hall County, Nebraska
<br />Together with ell buildings, improvements. fixtures. stit3et�i, atiEry,, passageways, easements. rights, privileges and appurte-
<br />nances located thereon or in anywise pertaining thereto, and thr:a rents. issues and profits, reversir,ns and rema"nders thereof, and
<br />such personal property that is att<.ched to the ,rnprovPjmtjnt4. su a�( to f:r •e? futo a r • !• -•n, inrluding, but not limited to, heating and
<br />cooling equipment; and together with the homestead or marttafl interes: E. v vh. cl lerests are herehy r:leased and waived; all
<br />ci whicr, including replacemenisl and additions thereto, is hHai:'.y decfarr_ a to be a �p_rtf.!if the real estate securcd, by the lien of this
<br />Deed :l7 rust and all of the torerry rig being referred to htiteir••:is the, Prr, ,perty".
<br />This Deed of Trust shall secure (a) the payment ui the principal rani, and interest .i promissory note or credit
<br />agreement dated _ May 2, 1989 hawing a maturity datt. r•r No's? t�7oer 2, 1989
<br />in the original principal • a — .,,vn1 ._. 10.,020.50- and any ar.4 r. t rnodihrF.'!sn.,, extensions anal renewals
<br />thereof or thereto and, future advamies and readvance, to Borrower to- any of tl-ew .` incite than one) hereunder
<br />pursuant .to onq o: <+,.; L,r .iii >sory ,totes of cris l agreements therein cralted 'Note" t. (w the pay,,c.+ ! of other sums advanr_od by
<br />Lender to pro,eci ;:rr- security cf .,,e Nolte: Ic', !!m r,E•rfarrn<ut(,�> �,f rill Covf"•r".a and air :mt:nt ; of Trustor set forth herein, and (d)alf
<br />presentarurl'..rure indebtednesfi 60. obllgat!Ur,s of Sorro ic-i ,r arty of item d rna < d r: true) to Lender whether direct. indirect.
<br />abseli.tr; ir., •,;ontrngon: and whEthret :3nsmq by note, gue.ia n ty.:,verdraft or tether w•s, . ' ,= Nott . tims, DFcd of Trust and any and all
<br />other ddcuents that secure the Nckz: or otherv: se executcc: ,r• connection l crevr,th, ; ,, ;'i3nou, Jrt➢tiilron guarantrn„ security
<br />agreements and assignments of leases and rer,t5, shall be referred to hock -- a the .:irr Insr:
<br />Trustor covenants and agrees with Lender <as foilowr .
<br />1 Payment of tndebtednesa. All indebtetlitt %s secured fiereby shat ,�, part
<br />2. Title. Trustor is the owner (,,f the Property. has !)io iiyf,' ancf authority to ct;E ., -y. iii.• .'='oper,y, ill id ,warrants !hat the lien
<br />created hereby is a first and pric;i ,ran cia the Property Et,ra ;ia for yens ,,nd enci ;ml ;l "::ices set forth t:y Trustor in w,itiny and
<br />delivered to Lender before exec.: ?,on of this Deed of Trust at,•f .:te c,.ecrr ±: _)'i aria t: ; +::;y of this Geed of Trust does not r,nl;Ite any
<br />contract or other obligation to which Trustor is sabiect
<br />3. Taxes, Assessments. To pay before delirquency jiil. r,.es, special riSi t'ssrnbols and all ut`fFr (_11,i-ges against tor., Property
<br />now or hereafter levied.
<br />4 Insurance. To keep the Property Ensured aga ist dar,agc by fire, hiizara; :r•cludeo v ;,tn,r !t,e te• ttenrfed cGVer.,,3e ",ancf
<br />such other hazards as Lender may require. •n amcur•!s ,Ens vi,ti, om; ar"c , - ;scupt:i` 'c lt; % c),., r•,,r
<br />named insured, with loss payable to the Lender. In case of loss under such pohr,es the I ender is aouvir,zed to adjust, collect and
<br />compromise, all claims thereunder and shalt have the option of applying all or part of the tns:rance proceeds (N to any n,debtedness
<br />secured hereby and in such order as Lender may determine (t,) to the Truwor!U be ust;d f.j, ti-v re•p_nr ur restoration of the Pruphrty
<br />or (m) for anyother purpose or object satisfactory to Lerder w „houfaftect ng the lien of tr,s Decd pf Trust for the full arftount Lecured
<br />hereby before such payment ever took place. Any application of proceeds !o ride ,ttdrress snau not extend or postpone the due
<br />date of any payments under the Note, or cure any default thereunder or hereunder
<br />5 Escrow. Upon written demand by Lender, Trustor shall pay to Lender, in such manner as Lender .nay designate, sufficif-mt
<br />arms to9nabjg Len,1 • oft. b jc o d s • u ury:.s against
<br />Lender to pay 3„ .$y d Ji::,. L'C �. ^.� O::r:. ^.:C vv+ t:iv .3,.8irii;.g' (i j al, tuaEj. �55b�J1irCfrt� ttr rte l.'t. it•r flit•
<br />tho Property, (n) the premriums or, the property in :urance required hereunder, and (if,) the premiums on any rriurryage :nsurance
<br />required by Lender.
<br />6 Maintenance, Repalts and Compliance with Laws. Trustor shall keep the Property to good condnion Arid repair, shall
<br />promptly repair, or replace any. Improvement which may be damaged or destroyed: shall not commit or permit any Aast.• or
<br />deterioration of the Property, shall not remove, demolish or subs!anbally alter any of the improvements on th(� Propetty. solatl not
<br />commit, suffer or permit any act to be done to or upon the Property in violation of an y law, ordinance, or regufat,on_ and shall pay and
<br />promptly discharge at Trustor's cost and expense all hens. encumbrances and charges levied, imposed or assessed ;,gainst the
<br />Property or any part thereof.
<br />7. Eminent Domain. Lender is hereby asstgrzed all currpfarr5ahar4, <7 tiaras damages Gild of.trer payments or ref !'f irprf••n lMer
<br />"Proceeds -)in connection with condemnation or other taking WhePropett, or partthorcof, er for conae;rarce:n' e.E cif ctrr[den,rr,E
<br />ton Lender shall be ent,ved at its option tG C;Urrrrere'aGe. appear m aria Vin :.:,'f! ::, t!i 1J:rt rime an, if_f•vii or erc.i,vf .i nits .v-d
<br />Shall aisu . ut: c:adii i G "s fil3ke wiv 67rnp'ottrse o' Sott.emont :n i- t,tir.ttct.w! vu tt . :,: t• 'Ak,rtg of
<br />MBr'. Sts r•q .,,ate:_ •.n,'un *' R,. t, B9
<br />C *Ri3 W,. r.,, Buy -.,, ... •• sir .ue sC,. yAr,., ,.. .. rte•, t.
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