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i <br />NOTIFICATION OF USE OF TRUST D! <br />TO SECURE PERFORMANCE OF OBLIG <br />The undersigned hereby acknowledges and understands that the document to be execu <br />mortgage, and that the power of sale provided for in the trust deed provides substantially di <br />mortgage in the event of a default or breach of obligilt(on. <br />Dated and executed on the ____29th__ -. -- day ol:.. __ __ _ __ .. July_ <br />to execution of the following Trust Deed. <br />Carol <br />TRUST DEED <br />Tt•16St'>r.RU -$T DEED: made this --- 29th__ day of July <br />�p minong Lee 0. Petersen and Carol A. Petersen, Husband <br />,ahose mailing address is,, 4611 Lakeside Drive Grand Island, N <br />t"rein ' Trustor 'i:; and Union Bank & Trust Company of Grand Island <br />W1,1*se mailing address is 2008 N. Webb Road Grand Island, N <br />(herein "Trustee')-. and Union Bank & Trust Company of Grand Isl <br />whose mailingsot&ess is 2008 N. Webb Road Grand Island, NE <br />FOR VALUA9LE CONSIDERATION, Trustor irrevocably grants, transfers, conveys and assis <br />for the benefit and s$cunt)l of Beneficiary, ttrider and subject to the terms and conditions of this <br />located in <br />Lot Twenty Three ( #23), Hidden Lakes Second (2nd) <br />County, . Nebraska <br />i <br />i <br />s <br />i <br />j TOGETHER WITH all of the following. whether now owned or hereafter acquired :rents.prolit: <br />the real property. all leases or subleases covering the real properly or any portion thereof: all <br />equity in the real property: all homestead exemptions wnich are hereby released and w <br />hereditaments. all oil andgas rights and profits, water rights: all right. title and interest of Trust( <br />any street or highway adjoining the real property: any and all buildings, fixtures. improveme <br />thereon or belonging thereto, (herein referred to as "Improvement' or "Improvements "): and <br />domain, or by any proceeding or purchase to lieu thereof. of the whole or any part of the real <br />interest conveyed to Trustee herein collectively referred to as the Property <br />(at The payment of indebtedness evidenced by Trustor s note or guarantee ( Note I dated <br />in the principal sum of _ *Fourteen thousand dollars & 00 /100* <br />_- ..14 ±000•00_ 1. together with interest atthe rate or rates pro <br />future advances evidenced by promissory notes or guarantees stating they are secured he( <br />extent;ronsthereof both principal and interest being payable in accordance wdh the Immsset' <br />herepf <br />tnl T no performanr.c of each a- greement and Covenant of f rustnf herwn runt mpd and <br />r 1 IN) payrn hl !.f any'LUrn (" Sums ()I a•tonay,wto(. h rrt;ty hr, hi)JQ(tflirr tart! •.• t i,raf' V I , r <br />•.ryt•'hnr a ro+ tnrre(ir, in tiro rato V,(iwderl to Ih(, Nolf, <br />, <br />89- 104123 <br />]nod is a trust deed and not a <br />bhgations to Iho truslor than a <br />r <br />19. -_ 89_. <br />(herein "Beneficiary "). <br />iUST, WITH POWER OF SALE, <br />owing described real property, <br />- County, Nebraska: <br />Hall <br />and other benefits derived f rom <br />other claims, both in law and in <br />nts, rights -of -way. tenements. <br />1 lying within the fight -of -way of <br />nces now or hereafter erected <br />made for the taking by eminent <br />foregoing estate. property and <br />89 <br />17ollav; <br />he pnnc,pa! and , nterest do any <br />111 renewalg m(rd l r .r!•u ^ti and <br />tU,t Irns rerr•rence ,,, ,.,,ulr.r pa,. <br />7 <br />1 <br />�I <br />