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ACKNOWLEDGEMENT OF DEED OF TRUST 104902
<br />i TRUSTOR READ THIS BEFORE SIGNING:
<br />Trustor underMsmb tihetthe documerttthat Trustor Is about to executeisa Dud of Trust andnot a mortgage and thetthe power
<br />ofsa1epravidadfdilrrth ta0eido1TnWprovtdssst StartBaIlydifferenttightsandoblfgationstoTrus terthanamat%Win the owl _ - , s•-
<br />of a ds%utt or breach of obligation under" Deed of Trust, Including, but not limited to. the Lender's right to have the P'roepcsurt ssoflldv
<br />by the Trusfse without any ludiciai proceeding. Trystore r aifgapyMi; thisa wlis rwiit meet& ship
<br />Trustor before the execution Of the Deed Of Trust
<br />TCK PBOPESTIES, a _ izotaa Gene $y.` -
<br />Partnership, o >.al Partner
<br />Knoelr, Jr. r a eneral�arfreer
<br />y Th 9-1h-4hfbel al Partner By :,
<br />l By :e Margaret Knoell, Trustor a General Partner
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<br />r: PREFACE TO AGRICULTURAL DEED OF TRUST
<br />COMPLETE this portion ONLY if the rest property described – -_ -- -_ -- -
<br />consists of INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />If applicable, complete ONLY ONE either A, B. or C:
<br />. ` O A DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />Trustor acknowledges that Trustor Is about to execute the following Deed of Trust upon the Property. Trustor. and each of them
<br />it more-than one, hereby disclaims Trustor's right t6 designate a homestead on said real estate. No part of Trustoes homestead Is
<br />presently or will in the future be situated upon said real estate. Trustor understands`ihat N Trustor establishes a homestead on any
<br />pert of seid real pstateduring the time the Deed of Trust remains unsatisfied and a lien upon said real estate, there shall be no rightto
<br />make a designation of homestead In the event of a foreclosure or trustee's sale with respect to said Deed of Trust
<br />Y41 8. WAIVER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />Trustor acknowledges that Trustor is about to execute the following Deed of Trust upon the Property. Trustor, and each of them
<br />if more than one, herefiy waives Trustor's right to designate a homestead on said real estate. Trustor understands that Trustor has
<br />right to make a designation of homestead and that by executing this waiver, Trustor is waiving rights otherwise available for the
<br />purpose of affording them the opportunity to retain Trustor's homestead in the event of a default upon the Deed of Trust.
<br />j O C. DESIGNATION OF HOMESTEAD:
<br />Pursuant to the Farm Homestead Protection Act (Section 76 -1901 et seq. Revised Statutes of the State of Nebraska), Trustor
<br />hereby designates the real estate described in the "Design tfffimetwi heyfioAigl
<br />j' T31r�RaPERTIES, an Ariz na General
<br />Partnership, a Gene Partner By'''
<br />F E. KnM 1, Jr; for a General Partner
<br />By:�
<br />eql? E. oell, ral Par BY %i
<br />_ �� ,�� Marg�E. ll, Trustor a General Partner
<br />AGRICULTURAL DEED OF TRUST WITH FUTURE• ADVANCES
<br />THIS DEED OF TRUST, Is made as of the 1st day of August , 19 .2.0— by and among
<br />the Trustor. CITATION INVESTMENTS, an Arizona General Partnership
<br />whose mailing address is P.O. Box 80127, Phoenix AZ 85060 (herein "Trustor ", whether one or more),
<br />the Trustee, William G. Blackburn. I.Member of the Nebraska State Bar Association
<br />P.O. Box 2280, Grand Island NE 68802
<br />s whose mailing address is �� z ___ .� (herein "Trustee "). and
<br />s.
<br />the Beneficiary, Five Points Bank
<br />whose mailing address is P.O. Box 1507, .Grand Island, NE .68802 (herein "Lender' T.- -- -
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to CITATION INVESTMENTS,
<br />an Arizona General Partnership (herein " dorrawer;' whether one or more) and the trust herein created,
<br />the receipt of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set
<br />forth, the real property, described as follows:
<br />The South Half of the Northeast Quarter and the North Half of the
<br />Southeast Quarter (NhSE'k)•of Section Seven (7), Township Nine (9) North,
<br />Range Twelve (12) West of the 6th P.M., Hall County, Nebraska.,
<br />Together with all buildings, improvements, fixtures, streets, allays, passageways, easements, rights, privileges and appurte-
<br />nances located thereon or in anywise pertaining thereto. and the rents. issues and profits. reversions and remainders thereof, and
<br />such -off `danal Property t"At- ,atmei►Bd to Me imlirovemenfs so as to constifutd a fixture, inotudifid, but n6f Iifnitnd fat, heiting and
<br />cooling equipment; and together with the homestead or marital interests, if any, which interests are hereby released and waived; all
<br />of which, including reptacements and additions thereto, i bareby declared to be a part of the real estato secured by the lien of this
<br />Deed of Trust and all of the foregoing being referred to.herein as the "Property:'.
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a promissory note or credit
<br />agreement dated August 1. 1990 _ -_. –having a maturity date of August 1= 1995
<br />in the original principal'amount of S 80; 000.00 and nny and all modifications, extensions and renewals
<br />thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one) hereunder, .
<br />pursuant to one or more promissory notes.or credit agreements (herein called "Note "), (b) tho payment of other sums advanced by
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