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ACKNOMADO/MKNT OF OKKO OF TRUST 90-105874
<br />OORROMU MAD'FwouvORE fflowO:
<br />Eorrotlera ITruslors )understandthatlhodocumenithel the Swrowareare aboutlo executelea Deedol Trust andtlNs morlpnpernd thatthep0feerof NNproWdMf
<br />fur M Nls ab M Turd McNdea substantially dNNrsnt rights end abllpellons to the BMrowefe than a mortgsge In the went of s dslsuli or breach ol oblgaflon under the
<br />Dead of Trust, Including. but not limited to, the Lender's right to have the Reel Properly sold by the Trustee without any judicial proceeding Of fOMlosure. Eonowers
<br />1 aliolowl and wwront u►al this acknowledgenant was executed by them before this ewcution of the Dead of Trust
<br />f L• � r �
<br />T •,Jodr G r� resident
<br />Kareh Gr�gw ge► ►O r cretary— Tredsurer
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<br />PREFACE TO DEED OF TRUST
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<br />C=ftJITE Nils poeMaw ONLY N Use sal propewly dew~ ewAOto of RMV1DUALLT OWWO AGRICULTURAL LAIM
<br />II applicable. -- ptete OMIT ONE talNue A.11. N Ct
<br />El A DISCLAWER Oly RIQW TO DESIGNATE 14OME6TEAM
<br />The Borrower f e) etkllowlotrge that they are about tooxecule the following Used of Trust upon the wool estate described therein. The Borrowver(s ►• and oath of teem It
<br />more then ono, dv hereby disclelm their right to designate a homestead purseulr lhersto No part of the homestead of either of the Borrowef(s) is presently or will In the
<br />future to situated upon said real estate. The Beintmer(s) understand that if erlhre r ys•tablishesa homestead on any vaili of sold real metals during lhatime the Deed of Trust
<br />remains unsettalntd snit• Men upon saidrealoatam. there shall be nought to makea •designation of homeeteadinI Neventof a lomelowre or trustee's sale wlthrespeato
<br />sold Deed of trust
<br />CI B. wAWKR OF RIGHT TO OEStONATE HOMESTEAD:
<br />The awfowerfel acknowledge that they Wo about toexecuto the following Deed of Trust upon the real estate descrified therein The Boirowerial.andeaeholthsmtl
<br />more than one, do hereby waive their right to designate a homestead pursuant therelo The Borrowerta) understand that they have the right to make a designation of
<br />homestead and Poll by executing this walyer they OrewaaingrightsotherwiseavailableforthepwpoNofatlofdingthemtheopportuMlytoretain theirhomeateedInthe
<br />want of a deloull upon the Dead of Trust.
<br />El C. 9081 WAVON Ot HOMESTEAD:
<br />Pursuant to the farm Homestead Frotaeuon Act tSecuon ro- Iiiit i at seq. devised Statutes of the Sisle of Nebraska). It'll 8v+ty A:+idi• 3v itefeby udagDliata 06 war
<br />property described In tine "Designalion of Homestead" attached hureto and incorporated herein by this referent+
<br />Borrower
<br />Borrower
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />,./THIS DEED OF TRUST Is medn as of fbl• 3rd day otUCtober 11990 . by antl among the Trustor. -- i d— linntin n
<br />Race TraQk Lnc. -, a Nebraska Corporation, ,,.nn.�n,,,,•nperldrR4sls p 0• fbx 215 Doniphan,_NL 69832
<br />_. (hemm'Borrower t. the Trustee ''r Bank of Doniphan._ a_N_ebraska Corporation
<br />whoeernailirgeedreeeis _. _ P 0 Box B, , Doniphan, NE 68932 (heroin "Trust"").
<br />atdahe8etrelic/ery Bank of Doniphan, Doniphan, NE
<br />whose mailing address It . P..O_ Sox ..$ a. Doniphan,. _NE 68832 _ _ .. _ - .. - _. _ ^ — ... - -. -- (he.eln -Lender•►
<br />FOR VALUABLE CONSIDERATION. including the indebtedness ndn+gdteo herein and trust herein cleared me receipt of which is heresy acknowledged. Borrower
<br />hereby irrevocably giants. Iransfers. convey$ and assigns 10 T -iAlae IN TRUST, WI TH POWER OF SALE. toe the benefit and security of I~. under and subject to the
<br />swiss and conditions hereinafter sal forth, the real properly dv r„ bed at follows
<br />A tract of land comprising all of the ?northwest Quarter of the Southwest Quarter
<br />(NWISW}) except the Westerly fifty (50.0) feet thereof, all in Section thirty -four
<br />(34), Township Ten (10) North, Range Nine (9) West of the 6th P.X., in Hall County,
<br />NobTasrka, said tract containing 38.767 acres more or less.
<br />Together with all buildings. Improvements. fixtures. streets allays passageways easements rights. privtlpges and appurtenances located thereon or In anymse
<br />petlalning aNrllo, and the rents. Issues and profits, reversions and remainders thereol. Inchfdmg. but not limited to. heating and cooling equipment and such potteries
<br />......... r... s.. s. taus...a..w,...,.�i...,.• ----- .. r........ wt..... r.. w.. �... wt..... lw.. .... wn.. w.,... �. r.. a......... r.. r... r....... 1....... w... w..,r.,.........w...w.,.�.....�
<br />and waived: all of wfikh, Including teplacentents and additlons thereto. is hereby decIsted to be a part of the real estate secured by the Ilan of this Dead of Trust and Sit 011;-*
<br />Iote0oitlg being referred to hersin as the 'property
<br />This Deed of Trust ~secure i4 Me payment off" oe eclpal sum and Interest *odonned by Borrower It note and of credit agreement dated
<br />October 3._I990 na +,ngamatl,r.iywfe„f October 1, 2000 me•fhit.•.t I n'•I H.,++. ;.rfU,t 110,000.00 And any and en
<br />moddicallorm. expMUons and forewos rewftt or lotwoolo and any and NO lirh,n+ s +, AnEAS And raadvmnrna , •• *'vo +qn I', 1m,t I ^ I h• one or more prom lismy notes or credit
<br />agrNmennMefsrnea+ held' NOtellbintepay+ rrantototnnrylKnsadvin�t�tnyldntlertny�rnfo .tr�esecur.fy,otlheNntn trlfi+ I•, perlormance Oil Covenant $ and agreemenI
<br />of Borrower all rof,h hetan, end 14160 inWbtedne" and obl,gm,ont of Borrower to I.endet whether drrecl. indt'"l, abso4Nr or conlingent and whether Sitting by note.
<br />Owrahttr, oeenkall or oth"ve
<br />Burro mew• to protect the security of this Deed of Trust covenants and agrees w,Ih fender as follow.
<br />I ftyWoW of P floglitial ad $slittaffet. Rorrowat Shall promptly pay iorhan due the principal of and interest on and any lees orcItatgesptovlded in. One Note orInINS
<br />Deed of Trust
<br />2 Thee. Borrower is the owner oflheProperty has the ir ght and authority to convey the Properly and wananH that the firm created hereby isato rot and prior lion on
<br />the Property. except M may otherwise be eat north herein and the execution and delivery of this Deed of Trust does not v,olste any contract or other obligation to which
<br />Swrof -e to subject
<br />Tones, AM"Mwenlk To pay when due all toes %per@at assessments and An other rharge$ against IM Property and upon vtntten demand by Lender to pay In
<br />Lender much seashores as roar be sufficient te enable IM Lender to pay such laxM. SAMSA,MnIS of other charges AS they become dtae
<br />4 kMMNaelse. To A "p the Property Inswed against AamAge by tire- hatards mr'tfded w,tn n Ihs tern e.lenrNd c o•e'age And such oft*, narstds As lender n`ar
<br />teeulre M arnounu and with eompanlesacceptobte to L /Mar 8-6 wlln W41106,81114 In the sonde, In cotta of toes under su n ptfi Cleo IM l A•'7,•• .t au }Mulled In Mop
<br />cOttKI and CPtifOrOwxIN. all claims (hereunder and than hA.a the nphon of spit►, ne at) a part of the ,nsu, A rote ptoc W s I . , In a„y u..eey.IfAnetl,K u•e,t he•ohy Snot In •.o n
<br />order as Lender may determtne (ul to the Bor lower to he to$" for Ise teva., M net r"Att •n of the 11•'per1y ern 1,• -1 f.p a', 10 h.t purl,..ae n. ,t,e. t aA I. lost in•y In 1 .rid.
<br />witholAalleet m g the hen ofMe Deed ofT roost lot lrrtnnil .,j, tR e, u, ednarat• rNt ),r hf,Av,o "tr.e,f Ill VIA, r• A any.. of Pont of-lilt 11. -JrMeAness that i
<br />not *216nd or ppttporle the due dale of any Mrrnsnh wider the Note •11 t •,•e A••, AeUaa the,@".00• "• nernunde'
<br />S Mah'Itawewae ltepaln and Cow*fMf * ark Lows P,•, •.,re• ohs • Neff, the V.,.tw.t, „ Q... "I r ,.I -• - . A -t ,.I•A • a• V p••,"•pr. •►pA•• ,.• r.p,� ♦ A...
<br />IntpnOsseeM wh+th fnAY M damages of dosf,r,voo than nm r.,- -o n. pe••r + A', w,AHw • .. •UIe.,,..,,1.,,,. ,a -... t•..... r, a• p •• r .r.« ,w d.•-r, v- . • a,na,A... A., r A .�,
<br />anynt the , «.OrOVemrnls,,,, rho P,.-petty khJ11n-JJ(rmr.f4 ty....l e.n,d any 110t.M,t .... 0 ,, ,q..n,•+•A p., -.. 1, .,.. IA..,.l,,, •I ..N..,eV,r Of
<br />tMapayardpaApltydtKhal aleorrosse,Irostam-ler nsu AOl.a„ A
<br />N ['e �e•'i,. raprN•.YS and+r'SrgM'e,�n.t �1.a..t...,aanNw.f A7 a...ar ,. Ap..,�.w.t, nr a••r [•,.If�.e•♦�
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