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F ACKNOWLEDGEMENT OF DEED OF TRUST TRUSTOR READ THIS BEFORE SIGNING: 894 103778 Trualor undwstanda that the ducumentthat Tnlsttx is about to execute Ise Deed of Trust and acit a morigiage and that the power of wo provided for its the Deed of Tru* pravides substantially different rights tend obtlgations to Trustor than a motlpape In the avant of a dMault or breath of obligation un(plr the Deed of Trust including, bul not iimited to. the Lender's right to have the Property sold by the Trustee willmt any Judicial proceeding, Trustor represents Bled ryilrrasnts that this aeknow meths executed by Trustor before the executWn of ttte Deed. of Trust f r` -r, 1 !- J (-Y Z", - - Trustor y • r etenaen) .-fit ,�.�^ •� . (:,=r, �.._....� ---- -- - - - - Truslor . {iiltaa E. Christenson) DEED OF TRUST WITH FUTURE ADVANCES THIS DEEP OF TFW6TIAVTC a as of the 19th day t. �® .ens ; us an an w 'fe, 8as oria�a Clyde r ateneen and Wilma �. the Trustor, _ tenants and test as tenants in cowoon whose mailing address IS 1919 N. Park, Grand Island, NT 68803 (herein "Trustor," whether one or more). the Trustee, William G. Blackburn, A Member of the Nebraska State Bar Association whose mailing addnees is P.O,, Box 2280, Grand Island, NE 68802 (herein "Trustee'), and the Beneficiary. hive Potnts Bank . . whose mailing address is P.O. Box 1507, Grand Island, NE 68802 _ (herein "Leader'). FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to Clyde H. Christensen & hilts, E christeneen, Husband & ttlife (herein "Borrower", whether one or more) and the trust herein created, the receipt of which Is hereby acknowledged. Trustor hereby Irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and subject to the tetrrts and conditl99n he trtanor set farm, the real des�r�p�d folbws Pert a Soudtttast Quarter Of the Northeast tier (S � of Section Eight (8), in 1bWrm iiPevas Ill) t�ortlt, Range Nine 9) Wes of Idle 601 P.H., Hall G=tr, more perticulsrlyy .. :.c foZs�, tit *: r9r -- i„o ,.t..* mint, where dw East line of Park Avum In. the city .of Grad Iel>andt iE iuntelrwIts the South litre of t StreeW fns said city; In>� ti tl 1, ce South aiding the Eadt litre of Panic Avenini a dierpm , of 100 feet; running titaace out a distance of. 138 feet; nming thtt m north a distance of 100 feet to a ppooixet on the south 11no . of t Street; sled rulglittg dwice west. along and upon the Swath line of Stmt a distance of 1, 9,feiet to the point of �L,te, .11 hLliAinaA InteravAntents fixtures, streetc alleys, vassageways, easements, rights, privileges and appurte- nances located thereon or in anywise pertstining thereto, and the rents, issues amts profits, reversions ana remainders thereof, and such personal property that is attached to the improvements so as to cranstitute a fixture, including, but not limited to, heating and cooling equipment; and together with the homestead or marital interests, 0 any, which interests am.herehy released and waived; all of which, including replacements and add Aims thereto, is hereby deOiased to be a part of the reeilestate secured by the lien of this Dead. of Trust and all of the foregoing being-referred to herein as the "Property ". This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a promissory note or credit agreement dated ._, July 19, 1989 having, amaturity date of 1aiouary 19, _1990 in the original principal emount of $ 35, 322.02 _ , and any and all modifications, extensions and renewals thereof or thereto and any ar,df•,a:t. future advances and readvances to Borrower (or any of them if more than one) hereunder pursuant to one or more prott dsdry nolei or credit agreements (herein called "Nate'); (b) the payment of other sums advanced by Lender to protect the security of the Noce: (;2 Y.-the performance of all covenants and agreements olTrustor set forth herein; and (d) all present and future indebtedness and obli:getians of Borrower (or any of them i's more than cm totender whether direct, indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The Note „this Deed of Trust and any and all other docuents that secure the Note or otherwise exocuted in connection therewith„ including without limitation guarantees. security agreements and assignments of leases and rents, shall be referred to herein as the. "Loan instruments ". Trustor covenants and agrees with Lender as follows: f. >Paymaird of indebledinsam All indebtedness secured hereby shall be paid when due. 2. Tllle. Trustor Is the owner of the Property, has the right and authority to convey the Property, and warrants that the lien created hereby is a first and prior lien on the Property, except for liens and encumbrances set forth by Trustor In writing and delivered to Lender before execution of this Deed of Trust, and the execution and delivery of finis Deed of Trust does not violate any contract or other obligation to which Trustor is subject. 3. Taxes, Aseessrnenb. To pay before delirquency all taxes, special assessments and all other charges against the Property now or hersafler levied. 4. irteuneee. To keep the Property insured against damage by fire. hazards included within the term "extended coverage ". and such other hazards as Lender may require, in amounts and with companies acceptable to Lender naming Lender as an additional named insured. with loss payable to the Lender. in case of loss under such policies, the Lender is authorized to adjust collect and compromise, all claims thereunder and shall have the option of applying all or part of the Insurance proceeds (i) to any indebtedness secured herobyand in such order as Lender may determine, (ii) to rile Trustor to be used for the repair or restoration of the Property or (iii) for any clltsr purpose or cbject satisfactory to Lender without aff4s0ing t're lien of this Deed-of Trust for the full amountsecured hereby before silcti payment ever took place. Any appucation of prorgeds to indebtedness sllaJl not extend or postpone the due datc of any payments under the Note, or, cure any default thereunder or hereunder S. Escrow. Upon written: demand by tender. Trustor shall pay to Lenddi. in Hsu ch manner as Lender may designate. sufficient sums to enable Lender to pay as they beizarr:e due one or more of the following: (i) all taxes, assessments and other charges against the Property, (n) the premiums on the property Insurance required hereunder, and (in) the premiums on any mortgage insurance required by Lender 6 Maielwom:e, pepsin and Compilertce with Laws. Trustor shall keep the Property in good condition and repair; shall promptly repair, or reptace any improvement which may be damaged or destroyed, shall not commit or permit any waste or deterioration of the Property, shall not remove, demolish or 5ub3tantially alter any of the improvements on the Property: shall not commit, sutler or perms any act to be done in or upon the Property in violation of any law, ordinanCO, or regulation, and shall pay and p!^„ittptly d?eviatge at TrtiVo %e cost and evrpen" all l,sing, nnr.vrrbrrtnr_.e% and charges levied, imposed or assessed against the Property or any part them 1 7 Em~110ontekt. Lender is hereby assigned all compensation. awards. damag05 and other payments or relief (hereinafter Pracewir, "i to connection with condemnation or other taiong of tno Property or part lherenr• or for conveyance in lieu of condenma f-un Lender titiTl be enialed w its option to o0.rr}iner,co nl)pear on any prosocuw in ,ts c Ain ►time ctny argon or proceedings. and V111A ❑1352 blu srriNied fit Make ilno comprormse or somenteo in t %,r,nR'G l.nr. with ,,,,ch tai(,rtU or drimage In the t>rvtlnt tiny portton of 10 '3"48., :•r•Vs#4C - -r.<•1 •:a' V0 fs. y 3 Pa.,.a tW 0 -.aa �1