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ACKNOWLEDGMENT OF DEED OF TRUST
<br />TRUBTOR READ THIS BEFORE BWM13: 90- 105401
<br />Truster understands that the document that Truster Is about to execute Is a Mad of Trust and not a mortgage and that the power
<br />of sale provided for In the Mod of Trust provides submanttally Morning rights and obligations to Trustor than a mortgage In the event
<br />of a defnuft or broach of obfigetion under the Deed of Trust, Including. but not limited to, the Lender's right to have the Property sold
<br />by the Trustee without any Judicial proceeding. Truster represents aryl warrants that thlq aoknowlsdgentutt was executed by
<br />Truster btefor If Ilia eaaavMon of the Dated of Trust. .. 1' — . /I•
<br />. GilleecreTff1mff- Husband
<br />(dynthiee H. G11le~ wife
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />TNO IMP OF TAUT, Ili MUW as of the Alt h day d SRRteirlber t9 2S!— by and among
<br />CiiiQ Tills �Dk1[l tt1. � 2$£. 8II arsd t:'vrtthfa dt. iii �R— M w4 Wife#, i{ePo fife his
<br />o Wp r *t" tai uidw (herein "Truster," whether onV or more)
<br />the Trudee, �l'lfdt DZ�i4ffff..�Af1l�c .J► i� Sian __.__. ......___...r
<br />whose mailing address Is P -O- Bet $507, (",ratld.3alf>�a HE fiM2 (hereln "Trustes'). and
<br />the Beneficiary, lZiums Ro11tw smank
<br />whoa mailing address is P.O. Box 150?t Q'iW Ia111trtd. NE 68802_
<br />(heroin "Lender').
<br />FOR VALUABLE CONSIDERATION. including Lender's extension of credit Identified herein to _,I.tINvT.x_Stll III
<br />`Mthil M,--Gi 11"P -ie, , huabard i wi f4k therein "Borrower "• whether one or more) and the trust herein created,
<br />Me receipt of which Is hereby acknowledged. Trustor hereby Irrevocably grants. translers. conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the benefit and securlty of Lander• under and subject to the terms and conditions hereinafter set
<br />100. the real property, descrMad u kollows
<br />Lot Twenty —Lour (24), in "Businavista Subdivision ", an Addition to tlw City of
<br />Grand Island, Hall County, Nebraska
<br />Together with all buildings. Improvements. fixtures, streets, alloys. passageways, easements, rights, privileges and appurta-
<br />nancetl lOCatted thereon or In anywise pertaining thereto, and the fonts, Issues and profits, reversions and retna.nders thiereol, and
<br />such personal property that is attached to the improvements so as to constitute a fixture. Including, but not limited to, treating and
<br />cooling equipment and together with the homestead or marital interests, it any, which Interests tie her" released and waived, all
<br />of which, including replacement* and additions thereto, is hereby declared to be a part ofthe real estate soculed by the Iten of this
<br />Deed of Trust and all of the foregoing teeing referred to herein as the "Property'
<br />This Dead of Tr`-yt cola@ sijlcute (a) tits payment of the prmeipal sum and Interest evidenced by ■ plofrvaswy note of credit
<br />abreeme, I dated �,Wmpb�— L 1990 __ , howling a maturity, date of . Decd r 17, 1990 _ .
<br />to the onghlal principal amount of ti d6 -�_en and any and all modifications. extensions and renewals
<br />thereof or thtereto and any and all futui: advances and readvances to Bormwat (or any of them it more than one) hereunder
<br />pu ►avant to one or mere promissory notss or credit agreements (heroin called ' Nets"). (b) the payment of olhar sums advanced by
<br />Lender to protect the security of the Note, (c) the performance of all covenants and agreements of Trustor set forth herein, and (d) all
<br />present and future Indebtedntess and obligations of Borrower for any of them It more than one) to Lender whether duet. indirect
<br />absolute or contingent and whodter arising by note. guaranty, overdraft of ofhertlllee The Note. this Orad of Trust and any and all
<br />other doewnts that ateeure Me Note or otherwise exoculed in connection therewith, including wifut limitation guarantees. security
<br />Agreements and aselgnments of (sans and rants, shall be referred to heroin as the -I clan instruments
<br />Trustor covenants and agrees *An Londet as follows
<br />1. I aillin let of MwaOtednoi All it no" secured hereby shall be paid wren due
<br />2. TNNP. Trustee la the owner of the Property, has tile, right and authority to Convey the Properly. and warrants that the lien
<br />Created Isnreby is a first and prior Mort on Me Property. except for wens and encumbrances sat forth by Trustor In writing and
<br />delivered to Lender before execution of this Dood of Trust, and the execution and deliver y of this Deed or Trust does not violate any
<br />contract or oMNt obligation to which Trustor is subject
<br />3. Taus. AtesaNaesnte. To pay before dekrquency sill taxes, special aswasnients and all ogler, Charges against the Property
<br />MW N_
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<br />mo_ft;ft tee. To keep the Property rousted against damage by fire, hataids included within the term ' exleruted eovetagi'. and
<br />such other hattards as Lo ndst may #*Wis. in amounts and with companier acceptat►w to LurKIM naming Linder as an additional
<br />named insured, with IOU payable to the Londet In cage of loss under such polrt iss. the Lendef 19 author irbd to adjust, collect and
<br />compromise. all claims thereunder and shall have ten option of applying all of part (ii the i nsurant.e PfOCANNIS nil w any Indebwdness
<br />secured hereby, And in suoh order ere Looder may dels7enins. (it) to the Trustor to be used for the repair or Restoration of the Property
<br />Cv 01) for any other purpose or object satisfactory to Lander without affecting the lien of this peed of Trust for ttw full amount secured
<br />bIM'AV belliwo such payment ever took place. Any application of proceeds to indent adn ita shall not extend of pustpone the due
<br />data of smv paytiwis undo the Nob. o+ cute any default thereurtuor or hereunder
<br />S. tat**. Upon wtfgan demand by Londee. Trustor shall pay to Landes, in such alannnr as Lender may deslgnbN. sufficient
<br />strict to am" Lender to Ipsy 411 they become due one or more of the lollowing. (0 all wites, assessments and other charge# against
<br />the property. (II) the ptemiumis ors the property in «u lance required hereundef, and (ill) the premiums on any mortgage insurance
<br />eequired M Lander.
<br />6. McMMaaMoe, 11111epaits and Competence with Laws. Trustor shall keep the Property in good condition and repair• shall
<br />promptly repaa, or replace any improvement which may be damaged of destroyed. shall not ct+rnmtt or permit Any waste or
<br />deterioration of Use Property, ahau not remove, demolish of substantially miler any of tilt improvements on the Property shall not
<br />commit, softer or permit any act lobe done in or upon the Properly in violation of any Iaw. txdinance or regulation, and straw tray and
<br />promptly discharge at ?rualor's cost and expense all Ilene. encumbrances grid charges levied. impowd or assessed against the
<br />Property of My pan thereof.
<br />T 111011IRM Oaasfn. lender is hereby assigned all compensation, awards, damages and other payments or tenet (hereinafter
<br />"Procoods") In connsctgn with condwrinatwn of other taking of the Property or part Inefeof or for convsfyance in heu at condemns.
<br />tion Lender shall be entitled at its option to commence appear in and prosecute in its vwn name an f at~tion or p►ucnedings and
<br />Shag also be en4#ed k1 rustle any t.ompromise of settlernertt in connection with such tatting or damage In the evenl arty portion t,r
<br />tter 11141 ohms rs ~61 One au, to as
<br />O 110 %"NOW Mir rr CriwrM inn and s..... Mir aWn t.%M. M.bw
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