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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />TRUSTOR READ THIS BEFORE SIGNING: 9o_. 105620
<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 />of sale prodded for In the Dead of Trust provides substantially different rights and obligations to Trustor than a mortgage in the event
<br />of a default or breach of obligation 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. Trustor represents an warrants that this acknowledgement was executed by
<br />Trustor before the execution of the Deed of Trust ►
<br />Trustor
<br />Trustor
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the day of September , 109— . by and among
<br />the T'ruslar, emir Hines, an unmarried
<br />whose mailing address Is 121 An Central Ci t r , ii£ 68$26 (herein "Trustor," whether one or more),
<br />the Trustee. Leland 8. Jones
<br />whose mailing address Is 1214 L Streeter Aura>raL NE 68818 _ _ (herein "Trustee'), and
<br />the Beneficiary, t Nat i4paJ_Wrk_of Mgprqu-ette
<br />whose mailing address is _P.0, Box 39j_NKgy'tte_L. NE 68854 _ (herein "Lender ").
<br />FOR VALUABLE CONSIDEK-WION, Including Lender's tiv;ension of credit identified herein to 1�1�ST. H jieS _
<br />(herein "Borrower" whether one or nivre+ and the fruit herein created,
<br />the receipt of which is hereby acknowledged, Trustor hereby irrevocably rants, transfers, con.Nya and assigns to Trustee, IN
<br />P Y g Y Y 9 fJ
<br />TRUST, WITH POWER OF SALE, lot the benefit and security of Lender, under and subject to the terms and conditions hereinafter set
<br />forth, the real property, described as follows Lot One Hundred Seventy -One ( 171), in Buenavista u
<br />Subdivision, an addition to the City of Graced Island, Hall County, Nebraska
<br />Tracje, her with all buildings, improvements, fixtures. street:,. alleys. passageways. easements. rights, privileges and appurte-
<br />nances located thereon or in anywise pertaining thereto, and i nfl calms. issues and profits, reversions and remainders thereof, and
<br />such personal properly that is attached to the improvements so as to constitute a fixture, including .at not limited to, heating and
<br />cooling equipment, erect together with the homestead or mdeltal interests .! any, which interests are hereby released and waive, all
<br />the lion of this
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<br />ci which, including replacements and additions thereto, is nnreby declared to be a pen of the real estate securQtd ty
<br />? Deed of Trust and all of the foregoing being referred to herein as the "Property'
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<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by s promissory note or credit
<br />g ty Se teigt er 14 2000
<br />agreement dated S�ptem er 14 • 1299 _ —.. _ .. _.. haw` a rna:un date or �_ _ �- .t -._— - -- •
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<br />in the orginal principal Pmounl of $ 10_&Q00.00 _ and any anti all modiflLalions. extensions and renewals
<br />thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than hey owider
<br />' pursuant to one or more promissory notes or credit agreements (hereo- cl,Iled "Note"). (b) the payment of other sums advent :: by
<br />1 Lender to protect this security of the Note; (c) the performance of all covenants and agreements of T -ustor set forth herein, arc .d all
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<br />preseint and future indebtedness and obligations of Borrower (or any of them it more than one) to Lender whether direct indirect,
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<br />absolute or contingent and whether arising by note. guaranty. overdraft or otherwise. ': he Note, this Deed of Trust and any and all
<br />otl,eT ttvctrents that secure the Note or otherwise executed . o ccrnaection therewith, mc:udrrg without limitation guarantees. security
<br />apaeeemenis and assignments of leases and rents, chap be reftnetl tv heroin as the `. %7an fnstr:.911ts'
<br />Trustor coverwinits and agrees with Lender as follows
<br />1. Pa'mlook off Wntpebtednesa. All indebteo,,* -d,s se.:4:na-3 rrevter• se,a: 0o paid when due
<br />9 ►'Mils, Trustor is the owner of the Prnrr+rty hoc fr.� r ,� us-v the Properly. and warrants that till+ lien
<br />j created traereby is a first and prior lien on the Property eXrPPLM rot -ions and art 4 ^,Dances set forth by Trustor in writing and
<br />delivered to Lender before execution of this Deed of Trust, an., ine oxecution and cei:ii ery of this Deed of Trust aloes riot violate any
<br />contract or other obligation to which Trustor is subject
<br />3. Taxes. Assessments. To pay before delinquency all tales. spewrai assessmeints and an btrier charges asg trnat the Property
<br />now or nemansr myna
<br />4. hourancts. To keep the Property insured against aam,age by fire, hazards me ,ae c within the term exteiaed cuveiage' . and
<br />such other hazards as Lender may require. in amounts and with cornpanier acceplaoie to Lender, naming Lender as an additional
<br />named insured, with loss payable to the Lender In case of loss under such policies the Lender is authorized to adµrsl. collect and
<br />compromise, all claims thereunder and shall have the option of applying all ui part of the inswana,u ptuc.euds p) to any indubtWitusy
<br />secured hereby and In such order as Lender may determine. (u) to the Truslor to be used for the repair or restoration of the Property
<br />or (fit) for any other purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount becured
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<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 sander the Note, or cure any default thereunder or hereunder
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<br />5. Escrow. Upon written demand by Lender. Trustor shall pay to Lender, in such manner as Lender ,nay designate• sufficient
<br />sums to enable Lender to pay as they become due one or more of the following (i) all taxes. assessments and other charges against
<br />the Property, (it) the premiums on the property in:urancu required hereunder. and tor; the premiums on any mortgage insurance
<br />required by Lender.
<br />d. M"Unaneer Repairs and Compliance with Laws. Truslor shall keep the Property ua good cunddrun dird spell yhan
<br />L promptly repair, or replace any improvement which may be damaged or destroyed. shall not commit or permit any iliaste or
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<br />deterioration of the Property shall not remove. demolish of substantially alter any of the ,mprovemenis on the Property snail not
<br />commit, suffer or permit any act to be done in or upon the Property in violation of any la». ordrnani -e or ieguiabun. ano viriii p.iv ate
<br />promptly discharge at Truator's cost and expense all liens. encumbrances and charges levied. imposed or aslwstwd against the
<br />Property of any part thereof -
<br />i Err*" Oemaln. Lender is hereby assigned all t.ompensahoil. awiitds. darnagees acid olhei paynienb or rp4tlf (her einaher
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<br />-Proceeds-1 in connection with condemnation or other taking of the Ploirerty or part thereof fitful t wn.eyanie rn rreu Uf t , m ;tetmns
<br />tion Lender shall be entitled at its option to commence .appear •' ant CrrotwP ule rn •it, , „411 rsllnrr. err, dt fiUn ,.r, pr,.,, 14.0.119% :na
<br />shall also be entilled to make any compromise or settlement in t ontiecbon ih,th gut h lakrr�y Ui damn Jf+ in the evennt Hoy p,ntran of
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