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ACKNOWLEDGEMENT OF DEED OF TRUST 90--- 105619
<br />TRUSTOR READ THIS BEFORE SIGNING:
<br />Trustor understands that the document that Trustor is about to execute is a Deed of Trust and not a mortgage and that the power
<br />rof sale provided for In the Deed of Trust provides substantially different rights and obligations to Trustor then a mortgage In the event
<br />1 of a default or breach of obligation under the Dead of Trust, including, but not limited to, the Lender's right to have the Property sold
<br />i by the Trustee without any Judicial proceeding. Trustor represents and warrants that this acknowledgement was executed by
<br />Trustor baton the execution of the Dead of Trust.
<br />tJ� MW�Trustor
<br />Truster
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, Is made as of the 14th day of September ,182EL , by and among
<br />the Trustor, glair Hines, an unmarried person
<br />whose mailing address is �2th Ave, Central City NE (harem "Trustor;' whether one or more).
<br />the Trustee, Leland 8. Jones ,
<br />whose Mailing address is 12_8_St, ., Aurgrg. r NE 688,19 _ (herein "Trustee'7, and
<br />the Beneficiary, First National Bank of Marquette
<br />whose mailing address is -F.0/ Box P. Marquette, NE 68854 (herein "Lender").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to 81air Hines _
<br />_ _ (herein "Borrower ", whetner one or more) and the trust heroin created,
<br />the raceipi of which Is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the beneilt and security of Lender. under and subject to 1he terms and conditions hereinafter set
<br />forth, the resat property. described as follows: Lot Six (6) in Block Eleven (11) of College Addition
<br />to West Lawn, in the City of Grand Island, Hall County, Nebiaska
<br />Together with ell buildings, improvements, fixtures, streets, alfwas, passageways, easements, rights, privileges and appurte-
<br />nances located thereon or in anywise pertaining thereto, and the renal. Issues and profits, reversions and remainders thereof, and
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<br />such personal properly that is attached to the improvem-grits so as to constitute a alxture. Including, but not limited to, heating and
<br />cooling equipment, and together with the homestead or marital Interests. It any. which interests are horehy released and waived: all
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<br />c' which. including replacements and additions thereto. is hereby declared to be a part of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being retorted to herein as the, Property ".
<br />this Dead of Trust shall secure (a) the payment of the principal sum and Interest evidenced by a promissory note or credit
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<br />agreement dated S mb-pr 14, 1990 �•_ _ , having a maturity date of
<br />in the original principal amount of S 1Da000.00 !_ _ _ __ ._ , and any and all moaifications. extensions acrd renewals
<br />thereof or thereto and any and all future advances and readvancrtss to Borrower (or any of them if more than one+ t vteunder
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<br />pursuant to one or more promissory dotes or credit agreements (t efvin called "!dote "), (b) the payment of other sums advanced by
<br />Lender to protect the security of the Note: (c) the performance of all covenants a,^ v agreements of Trustor set forth herein. and (d) all
<br />preset and future indebtedness and obligations of Borrower (or any of them Ili rr m e than one) to Lender whether direct. Indirect.
<br />Y =
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<br />absokrte or contingent and whether Brim^; by note, guaranty, over waft or otherwise The Note this Deed of Trust and and all
<br />otlrnet docuents that securethe Note or oll'we ,wise executed o connecai".. !herewrth, including without limitation guarantees. security
<br />agreements and assignments of leases aria rents, shall be referred %. Protein as the "l oan Instruments"
<br />7r4stor covenants and agrees with Lender as follows
<br />V Payment of lndabbdinaa. All indebtedness sect.. °ed herehv shall be ira a when aue
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<br />2. TifM. Trustor is trio owner of the Property, has the right and authority "Z convey the Property, and warrants that the lien
<br />created hereby is a first and prior lien on the Property. except fcr :ens and encumbrances set forth by Trustor in wr,ring and
<br />delivered to Lender before execution of this Doed of Trust. and the e. ecution and delivery of this Deed of Trust does not, violate any
<br />contract or oilier obligation to which Trustor is subject
<br />3. Taxes. Assie srMnts. To pay before deHnquorricy aP taxws. special assess +vents and an other charges against the Property
<br />now or nereaner levied.
<br />4. Inswenee. To keep the Property Insured against damage by lure, hazards included within the term extended eoviiwaige -. and
<br />such other hazards as Lender may require, in amounts and with companieb acceptable to Lender, naming Lender as an additional
<br />named Insured. with loss payable to the Lender In case of loss unde. such policies the lender is dutholi.r"d to irllusi CO.ler:t .it'd
<br />compromise, all claims thereunder and shall Itave the option of applying all of part of the rnsuiance proceeds if) to any ina s wadness
<br />secured hereby and in such order as Lender may determine. (III to the Trustor to be used for the repair or estooralion of Mil Property
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<br />or (iii) for any olher purpose or object satisfactory to Lender without affecting the pert of this Deed of Trust for the full amount secured
<br />hereby before such payment ever took place Any application of proceeds to indebtedness shall 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 may designate, sufficient
<br />sums to enable Lender to pay as they hscome dui One or more of the following (I) all to lies. assessments and other charges against
<br />the Property, (li) the premiums on the property insurance required hereunder. and 1w) the premiums on any mortgage insurance
<br />required by Lender
<br />6. Nsklieranee. Repairs and Compliance with Laws. Trustor shall keep life Peupfotty ul yood conaition and repair. %ildii
<br />Promptly repair. Or replace any Improvement which may be damaged or destroyed. shall not commit or perrn -t any v►aste or
<br />deterioration of the Property, shall not remove• demolish or substantially after any of the ,nipruvements on the Property %hail not
<br />commit. suffaf or permit any ael to be done in or upon the Property in violation of any raw urdinarmi or regulation- and shall pay and
<br />promptly discharge at T►usloit'ta cost and expense all lions. encumbrances and charfiiiev ! evied. •mpused or asseswd against the
<br />Property of any part thereof
<br />% Emhwd Domain. Linder is hereby assigned aii compensahan. awards damages end other va ►me „t9 o, rel.e) there "aher
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<br />” ProeeedS' 1 in connection with GOndemhaliOn Or other taking of the Prollipthr ur part thutwuf or for c un.B,a'•t@ .n i,yu of uon.demnd
<br />tion Lender shall be entitled slits option to commence alipud it fir, J tirr,ll', Litt. n -t% „wr, •,Arne w,. •i: ! .• , of p- VcNlto •• as
<br />shall also be entitiid to make an, compromise or i6tVetrient in connection *,1r, 9,K h fAkr',, ,.. damage It, fay HYerit a'ly part•un O,
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<br />Otassriwr, wsr+�rcwwonRi,�iMrM...q.�•c,.�• (,nuts exit.
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