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<br />ACKNOWLEDGMENT TO DEED OF TRUST
<br />90-- 105525
<br />The undersigned "Trustor" as Identified In the following Deed of Trust. whether one or more, understand that the document
<br />they are about to execute Is a Deed of Trust and not a mortgage, and that the power of sale provided for In the Dead of Trust
<br />provides substantially different rights and obligations to the Borrowers than a mortgage in the event of a default or breach of
<br />obligation under the Dead of Trust, Including, but not limited to, the Beneficiary's right to have the Property identified In the
<br />following Dead of Trust sold by the Trustee without any judicial proceeding. Truster represents and warrants that this
<br />Acknowledgment was executed by them before the execution of the Deed of Trust hereafter set forth.
<br />}
<br />Thomas ttag k�r�
<br />t`"Fegg a ack
<br />HOME EQUITY LINE DEED OF TRUST
<br />THIS TRUST DEED made this- 19 dap of .September ;1flgQ ,between Thom�is K . Beswick _a{�d -PagW.
<br />A. Beswick, Husbeind & Wi?ehereinafter call "Trustor ", whose mailing address Is3M 1l`eside [hive, Grarl<� lsland, \k�
<br />2nd Arend R. Boack ._ Attemmey at Law, whose mailing adders is._P• 0. Box 793, Grand Island, Ne
<br />as "Trustee"; and Home Federal Savings and Loan Association of Grand Island, whose mailing address Is 221 South Locust,
<br />P.O. Box 1009, Grand Island, Nebraska SM2, as "Beneficiary".
<br />For valuable consideration, Trustor Irrevocably grants, transfers, conveys and assigns to Trustee, in trust, with power of
<br />sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the follow.
<br />Ing described property located In �i311 _ Nebraska, to wit:
<br />Lot Nine (9), in Hidden Lakes Subdivision Number Two, being a part of the
<br />Southeast Quarter of the Northeast Quarter (Se 1/4 NE 1/4) and a part of
<br />the Nnrth Half of the Northeast Quarter of the Southeast Quarter ( N 112
<br />NE 1/4 SE 1/4) of Section Thirteen (13), Township Eleven (11) North, Range
<br />Nine (9) West of the 6th P.M., Hall County, Nebraska.
<br />together with ale Ihulidings, fixtures, Improvements and appunenrarnces thereunto belongung. it being agreed that al: of the
<br />foregoing shall be 7iotelnefter referred to as ins "Property"
<br />FOR THE PURPOSE OF SEGU lNG ormance of es h a ent and covenant of Trustor herein core; Q
<br />Fi�tee �housand V nrrf----- _---------- - - - - -- ���U
<br />ment of the principal sum of __ __. _' . _. ------boilers ($
<br />!. .. ._ PSI* ►,
<br />as evidenced by a Home Federal Home Equity Loan Agreement between Trustor and Beneficiary (the "Loan Agreement"), pur•
<br />suant to which Beneficiary will advance funds to Trustor from time to time at the Interest rates and upon the terms provided
<br />therein, together with any sum or sums of money with Interest thereon which may hereafter be paid or advanced under the
<br />terms of this Deed of Trust, both principal sum and Interest thereon being payable according to the terms set forth In the Loan
<br />Agreement, reference to which Is hereby made, of the office of the Beneficiary In Grand Island. Nebraska, or at such other
<br />place as Beneficiary may designate In writing.
<br />TRUSTER AND BENEFICIARY COVENA%r AND AGREE AS FOLLOWS
<br />1. Warranty of This. Trustor is lawfully sorted of the Property, has good right and lawful authority to sear arhtt •,.or•w.ay Tne Pro
<br />party: the Property Is free and cieralr of all liens and encumberancss except liens now of record, and Trustor wrri wa! ►anr and de•
<br />fend the tell@ to the Property unto the Trustee and Its successors ill. assigns forever agarfrst the claims of all persans.
<br />2. Payllflerd of PrWApal and Inteirset. Trustor shall punctually pay the principal of. and rnivest on. all advances under the
<br />Loan Agreemment and will punctually perform all agrswn@nts. conditions and provisions of any other security instrument given
<br />In connection with this transaction.
<br />3. Preseroatlsn arts Makdonerm of Is "sfty. Trustor wilt not commit any waste upon the Propert y at will, at all times, main•
<br />taln the same in good order and condition and will make, from time to time, all repairs, renewals, replacements. additions and
<br />Improvements which are reasonably requlrod to prevent waste. impairment. or deterioration of said peuptoly No builditig vi
<br />Improvement now or hereafter erected upon the Property shall be altered, removed or demolished without the prior written
<br />consent of Beneficiary
<br />4. Inswance. Trustor. at its expense, will maintain with insurers approved by Beneficiary, insurance with respect to the rill
<br />provements and personal proerty constituting the Property against loss by fire lightning, tornado and other perrlb covered br
<br />standard extended coverage endorsement in an amount equal to at least one hundred portent of the tuii ►eplacoment value
<br />thereof, and Insurance against such other hazards and In such amount as is customarily t armed by nwivot% and operNlom of
<br />similar properties and as Beneficiary may require for Its protection Trustor V III comply with Sir(h ,Ihpr requirtbinpnt% wi
<br />Beneficiary may from time to time requbat for the protection tiv Irllliitatico if the Internist ,,t Iht. r"%llNltive+ pljtllwr All .r,
<br />surance policies maintained pursuant to this Used of Trust RhalI narnp Triouirrr ann Flonefiri rat y a%rn4,p,,, }q ,,4 inNli rn4laa t•�n
<br />interests may appear and provide that there shall tw no cancellation Or mndilrcahon writhotil hffppr, 111-1 tnv% Grime Wrlttpn
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