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ACKNOWLEDGEMENT aF DEEQ OF TRUST
<br />TRUSTOR READ THIS BEFORE SIONW.I. 89`6 104240
<br />TruslortlrtdersEartdstt+ attheducutrfato?t hatTrustorisabouttoexecuteiss Deed ofTrustand note morgag iandthatlftepower
<br />of a" provided for in the Deed of Trust provides substantially diffatent rights and obligations to Trustor than a mortgage in the luster
<br />ola default or breach of obligation under the Deed of Trust including, but not limited to, the Lender's right to havethe PmwV add
<br />by tfte TrusMe without any judicial proceeding. Trustor represents and rrants than this acknow ! was executed by
<br />Trustor b okfe titer execution of the Deed of Trust
<br />A. Vet s 6ivtor
<br />�X�a4iJLR. Verplaffloftr Wife
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST Is made as of the 4th day of August ,1989 by and among
<br />the Trustor, _ Todd A. Ye13;4anka and Kail M R. Vertolank, Husband anti Wife ,
<br />whose mailing address is . •19- 7 .E. 11th, Grand Island, NE 68801 (herein "Trustor," whether one or more),
<br />the Truslatw, William 1lackb� arne A Member of the NE State Bar Assn.
<br />;i ,
<br />whose mailing address is P.O..Bimirz.3280, Qrand Islarldr NE 68802 _ (herein "Trustee'?, and.
<br />the Beneficiary, Five Points Sank _�
<br />whose mauling address is P.O.: BOX 1507i, Grand Island, NE 68802 (herein "Lender').
<br />FOR VALUABLE CONSIDERATION', including Lender's extension of credit identified herein to Todd A. Verplank
<br />_ and Kailyn R. Vex.. c ' L%g band 6 Wif�erein "Borrower ", eauIM41er one or more) and lfsg trust Peon created "
<br />the receipt of which is hefrefry' �^izwtedged. Trustor hereby irrevocably gnat•, transfers. conveys ord.'assigns to Trustee, ill
<br />TRUST, WITH POWER OF SALE, for- '0%atrenefit and security of Lender. under and subject to •,he. tafrns and conditions herttrrAfter s$t
<br />forth, the real property. descritadd- v$ A aws.
<br />Lot Four Ms Bl0Clt..'M' irty - -tw0 (32), in Ruasael Wheeler's Addition to the City cf
<br />(rand Island, Haj l Colulty, Nebraska
<br />Together wi$ff all buildings, improvements. fixtures, streets, alloys, passageways, easements, rights. privileges and appurte-
<br />nances located,ffwoon or its anywise pertaining thereto, and the rents, issues and profits. reversions and rema;nders thereof, and
<br />such personal progeny. t±',riNEf*attached to the improvements so as to constituttba fixture. including, but not limited to, heating and
<br />tooting equipment and tgp11trsr wlth the homestead or marital interests, if any. w P!W ch interests are hereby released and waived; all
<br />i cf:"ich, including replactxttvnts and additions thereto. is hereby declared tot,rewpartof the real estate secured by the lien of this
<br />Geed of Trusts a)irtd all of this foregoing bang referred to herein as the "Property",
<br />This Deed'of Trust shall secure (e) the payment of the principal sum and ihl -iced by a promissory note or credit
<br />a»rsement dated 8-4"89 ._ havirg a maturity date of _ 8-4-93
<br />in the original p locipal amount of s, 7-0000.00 „_.___ _,._. -- , and any and al! modihcatians, extensions and renewals
<br />thereof or thwsla and any and all luture advances and readvances to Borrower (or any of them if more than ore; hereunder
<br />pursuant to one sx more Vomissory notes or credit agreements (herein called "Note" f; lb) the payment of other sums advanced by
<br />L*nder to protect the soca7,,:a5ot the Note; (c) tree performance of all covenants and agreements of Trustor sat forth herein; and (d) all
<br />j; +**ent and future indebowl -* as and obligations of Borrower (or any of them if more than one) to Lender ,onether direct, indirect,
<br />absolute or cr✓ t.:rgent en.; miethA?`,*s•x{ .ng by note, guaranty, oveidraft or otherwise. The Note. this, l<�X of Trust and any and all
<br />OtherdocuerflrchatsecuretieNote ;;r herwiseexecutedinconreyawntherewith ,inc!udlne, guarantees, security
<br />agreements and assignments of losses and rents, shall be referrers to herein as the
<br />T►UStor covenants arid, agrees with Lender as follows:
<br />t. Page W of himllellikWhm. All indebtedness secured hereby shall be p'vi; w Tien due.
<br />7. Title. Truster is tfiei (r,trine► of the Property, has the riglit and authority Ia, convey the Properly, aF)d Warrants that the lien
<br />created hemby is a first and prior lien on the Property, except fe,r r,w-ns and encumbrances set forth by Trustor in 4'rtng and
<br />delivered to 1[11104er before execution of this peed of Trust, and tfie neiec,ition and delivery oll ar,: �a Deed of Trust does not Vlolate any
<br />contract c' 09hm, obligation to which Trustor is subject
<br />3. Tsaes, Asssswno tf ,To pay before defirquency all taxes, special asse,,wnents and all other charges against the Property
<br />'r;ti'Sl w of tter.±,vr'ter levied.
<br />A. fntaiiiarace. To kMp, l?%Property insured against damage by fire, hazar;;:,.included within theterm "extended coverage ", and
<br />such other ;r taeatiwds as Lon,uA, may req�it'e, in amounts and with companies acceptabla to Lester naming Lender as an additional
<br />named insurawll'. with toss payable to thettander. In case of loss under such policies, the Lerfdt r is authorised to adjust collect and
<br />compromise, all claimsth,fraunde► and shalt have the option of applying all or part of the Insurance proceeds (i) to any indebtedness
<br />secured hereby and In sueflt tinder as tender may determine. (ii) to the Trustor tc ce used for the repair or restoration of the property
<br />or (isi) for any Other purpose of objecP Wrsfaactofy to Lender without affecting the 1 er of this Deed of Trust for the full amount secured
<br />hereby before such payment ever to(* pace. Any appitcation of proceeds to ir;tbtedness shall not extend or postpone the due
<br />dale of any payments under the Note, or cure any default thereunder or hereunder
<br />S. fFsam. Upon writ on demand by Lender, Trustor shall pay to Lender. In ;gin marine=r as Lender may designate, sufficient
<br />sums to enable Lender lopayas they become due one or more of the tollowing• (1) as taxes, assessments and other cttara ss aoaanst
<br />the Property, till the premiums cFn tree properly inclitance required hereunder, and (iii) the premiums on any mortgage insurance
<br />required .by Lender
<br />L 6 MaMkffl ice. Aegaln sable CompMMtCe tiAM Laws. Trustor shall keep the Property in good condition artd repair: shall
<br />promptly repair. Or replace any Improvement which (nay be damaged or destroyer!, shall (tot commit or permit any waste or
<br />deterioration of the Property; shall not remove, demolish or substantially alter any of the improvements on the Property, shall not
<br />CoAmrrit, 5~ or permit any actfabe done in or upon the Property in violation of any law. ordinance, or regulation, and shall pay ants
<br />prompttyy discharge at Trustor's cost and expense all hens. encumbrances and charge=s levied. imposed or assessed against the
<br />Property or any part thereof
<br />r EMn— Domain. Lender is hereby assigned all compensation. awards, dainage3s and other payments or relief (Hereinafter
<br />'Pre CW$ l in confrection with condemnation Or Other taking of the Ptoperty of Ip in thereof, or for conveyance rn lieu of ctlndemna-
<br />1 =on Lender shall be entitled at its option to commence. appear its and prosecute in its own nanto any action or proceedings, and
<br />shills a lso to Mititled to make any Compromise tit settlement in tontinctiur, w,th such ittx na ur rlamege In Iheevent any pnrtlon of
<br />ear; >1Nr;►wHP2 t�rpi:.+erR«r rrr•M
<br />a liras lwmeo a&* 0 i c"W wc. f „U0 w, s.. 0 iWer.iA.. 1: ncctn Maori.
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