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<br />ACKNOWLEDGEMENT OF DEED OF TRUST R
<br />TRLISTOR IAEAD THIS BEFORE SIGNING 89 102635
<br />Trustor undorstands that the document that Trustol Is about to execute Is a Dead of Trust and not a mortgage and that the power
<br />at sale provldod for in tho peed of Trust provides substantially different rghfy and obligations to Trustor thaan a mortgage in the event
<br />of a default or broach of obligation under the Deed of Trust, including. but Pot limited to, the Lendttr's f!ght to have the Property sold
<br />by the Trustee without any judicial proceeding Trustor represents arr: wdrtants that IN,- aghLr ov. ". gerner,! waa executed by
<br />Trustor before the execution of the Deed of Trust. D.iara n Pl'as ics rra 4n
<br />BY:
<br />+ n
<br />Trustor
<br />Truster
<br />PREFACE TO AGRICULTURAL DEED OF TRUST
<br />COMPLETE this portion ONLY it the real pr,F•erty described
<br />consists of INDIVIDUALLY OWNED AORICULTURAL LAND.
<br />It applicable. complete ONLY ONE either A B, or C
<br />❑ 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 />if more than one, hereby disclaims Trustor's right to designate a homestead on said real estate. No part of Trestor's homestead Is
<br />presently or will In the future be situated upor said real estate Trustor understands that of Trustor establishes a homestead on any
<br />part of said real estate during the time the Deed of Trust remains unsatisfied and a lien upon said ►eat estate, there shall be no right to
<br />make a designation of homestead in the etert of a foreclosure or tr;;stee's sale with respect :a std Deed of•Trusi.
<br />❑ B. WAIVER OF RIGHT TO DESIGNATE HOMESTEAD
<br />Trustor acknowledges that Trustor Is about to execute tie followirg Deed of Trust ,p:m Qhe Property. Trustor, and each of them
<br />if more than one, hereby waives Trustor's v9t t to desigrate a homestead or said real:es ".ate ,: rvs%lr understands that Trustor has
<br />right to make a designation of homestead and that by executing this waiver. Trustor is wa ong rights otherw!se available for the
<br />purpose of affording them the opporl:;nrty w retain Trustor's homestead In the event of a default upon the Deed of Trust.
<br />❑ C. DESIGNATION OF HOMESTEAD,
<br />Pursuant to the Farm Homestead Prot,;, :fiQrl Act (Section 76 -1901 et seci Revised Statutes of the State of Nebraska), Trustor
<br />hereby designates the real estate described In the Designation of Homestead's attached hereto and Incorporated herein by this
<br />reference
<br />Trustor
<br />AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST. Is made as of the day of _ __may
<br />the Trustor. Dia;�Cr. Llq� tics Corporation
<br />. 19-82— by and among
<br />whose mailing ad tress is �I�P..l3�ty. 3Q" wand Ind, -NF.,_ -68803 (herein "Trustor ", whether one or more),
<br />the Trustee. W1 Lt f .m__SL Blackburn a meLnber of the.-NE-State Bar Assoc.
<br />whose mailing address Is O. fox 2280.. Gt„,na _101 n NE 68802 _ (herein "Trustee-1, and
<br />the Beneficiary, Fier; PnintA Rank__
<br />whose mailing address is - P-0- Box 15.07 Grand _Island, Ne 68802 - _ _ _ (herein "Lender ").
<br />FOR VALUABLE CONSIDE'R'ATION. Including Lenders extension of credit Ident0ted herein to.-
<br />Diamond Plastics Oorxlorati0n_ _ (herein Borrower," whet *:e, one or morel and tiro trust herein created.
<br />the receipt of t Mich• is hereby acknowledgel,. Trustor hereby Irrevocaby.y grants transfers. coetvays and ass!gns to Trustee, IN
<br />TRUST. WITH POWER OF SALE, for the benof]! and security of Lender, under and suts;ect to the terms and cord _ons hereinafter set
<br />forth.: Me. real property. described as follows
<br />Lot Two (2), Bick's Third Subdivision in the City of Grand Island, Hall
<br />County, Nebraska
<br />Together with all buildings, Improvements, fixtures. streets, alleys. passageways, easements, rights. privileges and appurte-
<br />nances located thereon or In anywise pertaining thereto, and the rents. Issues and p'3f:ts. reversions and remainders thereof. and
<br />such personal property that Is attached to the Improvements so as to constitute a'',"ure.:ncluo.ng but not limited to. hea:":4-g, and
<br />cooling equipment, and together with the homestead or marital interests, If any. w %, z ^: rterests ,;ce hereby released and all
<br />of which. Including replacements and additions thereto. is hereby dec'ared to 6q of the rea:'estate secured by the lion of this
<br />Deed of Trusl and all of the foregoing being referred to herein as the "Property'
<br />LThis Deed of Trust shall secure (al the payment of the principal sum and interest evidenced by a promissory note or credit
<br />agreement dated May 15. 1981 having a mativ,ty date o! ,]:u1e. 1, 1,993
<br />:r. t1:C Or:l; r% .31 pr,nclpAi :i : :.oU ^.t or ¢.:16 -.00- .QU. .. and any ar'd ail - nod ;1:cabovs. extensions and renewals
<br />thereat or Worelo and briy arirf all fi:tr.:rn ndvances and •eadYP^ce5 to ��rrr r;;- any o! !t.err .f rr.o'`% than one; t:eretinle:
<br />r)JrSU:in* It., r'ine Or mryre p•otnlpgory r'oro9 or credit agreerrent9 lhere.r• ,_ailed rdu'9 a (Ur We ray'ren! r:' other suren advaric'ed by
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