|
L
<br />ACKNOWLEDGEMENT OF DECD OP TRUST
<br />89" 1041.95
<br />TRUSTOR READ THIS BEFORE SIGNING.
<br />Trustor understands that the documentthat Trustor is about to execute is a Deed of Trust and not a mortgage and that the power
<br />of gaff provided tot in the Deed of Trust provides substantially different rights and obligations to Trustor than a mortgage in the event
<br />of a defautt or breach of obligation under the Dead of Trust: including. but not timited to the Lender's right t* have the Property"
<br />by the TrusMe without any judicial proceeding. Trustor rapres nts and warrants that this acknowl t was executed by
<br />Trualor betsre the execution of the Deed of Trust ,
<br />(Michael A. Trustor Panowicz, iiustband)
<br />(Patricia M. Trustor Panowi . Wife)
<br />PREFACE TO AGRICULTURAL DEED OF TRUST
<br />COMPLETE this portion ONLY if the real property described
<br />consists of INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />If applicable, complete -ONLY ONE either A. B. or C:
<br />CI A.. LXC,1 UMER OF A:,GHT 70 DESIGNATE HOMESTM.,
<br />Ti �- u,a yr ackM -t* a s tnat-*7.- ustor is about to execute lee following Deed of Tn1st1_pon the P(operty. Trustor, and each ,of them
<br />if mc`r*4,4an one; t*�by disclaims Trustor's fight to designate a homestead an sank real estate. No part of Trustor's homestead is
<br />preser3ty or will in ills future be situated upoin said real estate. Trustor understands't!tat it Trustor establishes a homestead on any
<br />part of said real estate during the time the Deed of Trust remains unsatisfied and a hers upon said real estate, there shall be no right to
<br />make? -a designation of homestead in the event of a foreclosure or trustee's sale with aspect to said Deed of Tri st
<br />Q 6. WAIVER OF RIGHT TO.OZ$GNATE HOMESTEAD:
<br />Trustor acknowledges thka'rrstor is ahrx?.to execute the followin 7 Oaed of Tr:A.igpon the Property. Trustor, and each otthem
<br />if more than one, hereby waives-Trustor's rqp'sloiz designate a homesteal. a, said r %: estate. Trustor understands that Ttus' ;T has
<br />right to make a designation o1 rs;;r „esLpa�• by evecut+ng this waiver, Trustp: �Js'waiving rights otherwise available for the
<br />purr; of affording them the o -� ri•:rr x-v � ain Tr4ine.s..homestead in the evert: Safi a default upon the Deedof Trust
<br />O C. DESIGNATION OF HOMESTEAD.
<br />Pursuant to the Farm Homestead Proiefrrn Act (Section 76 -1901 et sea. Revised Statutes of the State of Nebraska). Truslpr
<br />hereby designates the real estate described in the "Designation of Homestead” attached hereto and incor rated herein by this
<br />reference. r
<br />/�
<br />me • el A. Trustor Panowicz. Hu )
<br />.7'..4 4U L ar .sf
<br />(Patryala M..,.. Trustor Pa+ ` z, Wife)
<br />AGRICULTURAL. DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of !ern;...- 1th day of—,- 19.x., by and among
<br />the irSiO ►, .� j 1.i�. -- �atiCirZC=••3i18 �a .`. r: ►- iAOidiGZ, Hum snd z , Us- mss ewint Tan ,ants
<br />wJth Right og. Sucvivorship and Not as Ten&r-1:0. ire,' +^,.atsmon
<br />w ode r ing a kris is �_._ __ - �bthClF 't _. .. _ (here +n °Truster whether One ar mon},
<br />the Trustee, %411 _r._ _R1.aCkkjlirn-_&_ rnnrn n rreo NQ S n *w Aar
<br />whose mailing address is - �': 9 �4x_2�8Q,,Gs rid Istiar�c9,_.NE 68802 - 2280, - ., (t•.erein ^TrusW"), and
<br />the Beneficiary,
<br />whose mailing address is _ 1- Qa Box 1507,- Grand isiandi. HE 68802 -1507 (herein "Lendefl,
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to Michael A. Panowicz
<br />and Patrician h. Panowicz , Husband 4 wife
<br />._ (herein "l3orrrswer; 'whether one or more) and the trust herein crested.
<br />the receipt of wltirh is hereby acknowledged, Trustor hereby irrevocably grants. transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the beriefitand security of Lender, under and subject to the terms and conditions trerainafMr set
<br />forth, the feat pr:,,perty, described as follows.
<br />The South Half of the tlorthvest Quarter (Sts 1414N) and the North Half of the Southwest
<br />Quarter (Nis SW%) of Section Eleven (11) in Toerrtahip Twelve (12) North, Range
<br />Eleven (11) West of the 6th P.N., Hall County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways. easements, rights. pfiv+ieges and appurte.
<br />nances touted thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and
<br />such personal pfoperty that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating end
<br />coolingewipmont; and loge hor with the ftofnesrad or marital interests, if any, which interests are hereby released and ws-,ved', all
<br />of which, including replacements and additions thereto. is hereby declared to boa part at the real estate secured by the lien of this
<br />Dead of Trust and all of the foregoing being referred to berein as the `Property'.
<br />This Deed of Trust Well sacure (a) the payment of cite phnc +pal sum and interest ev 7denced by a ptcmissory mote ur credit
<br />agraenNrrt dew �ylguat * 1�$� � nailing a maturity date of -_ "K!gh .t5s- 2009 - -
<br />in the Original principal amount of 6- 370,itln_111te - - _ and any and all rrodificat:otis. extensions a ^d rerrawais
<br />thereof or thereto and any and all future; advancers and feeavamces to Sotroww ioi, er if Of nem if wrote than aliet hHeunder
<br />pursuant to arts of rolifs or credit agreements Ihersin cat.ed We) (b) the payment of Cither sums adrarIced by
<br />ua 7Nr;,y,r.T��rL+wieir.�,`J M
<br />fr �/fi b!.as l,Nl MC:r•-�nr: � r•.v s•d Atria, �asrx r � c r�-'� Wftrw.
<br />r...
<br />
|