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' ACKNOWLEDGEMENT OF DEED OF TRUST 1.04363
<br />TRUSTOR READ THiS BEFORE S(ONING:
<br />Trustor understands that the document that Trustor is about to execute Is a Deed of Trustand not a mortgage and that the power
<br />of sale provided for in Etta Deed of Trust provides substantially different rights and obligations to Trustor !hurt a mortgage in the event `
<br />of a dNautt or breach of obligation under the Deed of Trust. including. 'tufted to. the Lender's right to have the Property sold
<br />by the Trustee without any judicial proceeding: Trustor repress and arrants that this acknowledgement! was executed by
<br />Trustor ttebre, the exeicution d the Deed of Trust l
<br />(__W_4_�nFn94,th E. Clark, Trusero �Husband)
<br />( yll s A. Clark.TrU411IN Wife)
<br />DEED OF TRUST WITH FUTURE: ADVANCES
<br />THIS DEED OF TRUST, is made as of the _1 rs_ day of nugyj f- 19-AS . by and among
<br />"tfle Truster. VrannMfA F._ Cti arle ADA Mats l i w A_ Mark gt Q1�a
<br />.,*hose mailing address is 107 W. 4th. Grand Leland. NE 68801 (herein "Trustor:' whether one or more).
<br />the T Lali iitlliaL t2_ 811wQtt,llrn. a ma�jtslr of that NL► Stag Alen. s
<br />whose,ir io fing address is 2-0- Anw '17fto - tt2raind Tslsnd, tE e1%1112 12RQ (herein "Trustee "), rrrrri
<br />the t3ar40ciary, five Points Bank
<br />r r.
<br />whose rtt( !kV address is 2-0- On— I'M- Cr i A -rat and - NI` 6880L -•15 sL_ (ftemi r - Lerdeel.
<br />y
<br />FOR VALUABLE CONSIDERATION, includimLender's extension of credit identifie} �;,snein to Vannwth R_�7aX* arlid
<br />Phyllis A. C.I=%,' Husband & Wife ( terein " Bormwer", whether. cv-,e or more) and the trusttrcat;ii: �reaied.
<br />the raceipi"'01 which is hereby ac03wledged. Trustor hereGt: __(.revocably grants, tray^tfit 1% conveys and assigni 6 Trustee. IN
<br />' TRUST.MTH POWER OF SALE, fbrtttebenefit and secure ct, rider, u! s,Yx and sub er�tp the terms and conditions - areinafterset
<br />security
<br />forth. the f�iiill property. described as follows: Its Southe4'sg° Half cr 1~7e Noctftetriiy 0tt 4 hivd (95 of N 1/3) of iota' '
<br />Cie (1). aid of the El bK%y Ons4hirri (E 1/3) of Lot T�p (2). 1 T 1gL�cJc EbMy Two (42) of the Qigima Tom. i11" City
<br />of grad Island, Nall Cbxtty, liiebrasira, balm a xectarlgu2sm pieoa of grioun i having an EW=ly fsattags of 22 feet on
<br />Pins Street, a depth of 88 feat E bohrded as the North � rs line p &Ulel to ftath Street and distartos of Zt+ettty 4%0
<br />�0 'l ao�y� eoesptirlg Us SmWway s►gr of such Minch vas previowdy omivsyaa to Haaer
<br />oge K w a r inys, improvements, fixtures. streets, alleys, p s&ii'p'vrtys-,,nsasements, rights, privileges and appurte-
<br />nances located the? son or in anywise pertaining tt�roreto, and the rents, issues ana.t. reversions and remainders thereof, and
<br />such personal property that is attached to the improvements so as to constitute a fiA,: e�.�ncluding, but not limited to, heating and
<br />: coolinQrpcNipment; and together seiilS44a homestead or marital interests, it any, whtri, ii;,man -ests are hereby releasedand waived; all
<br />of whid.9Jhecluding replacements "additions thereto, is hereby declared to boa cram ofll�e real estate secured by. the lien of this
<br />• Deed of-Trust and all of the foregoing being referred to herein as the "Property ".
<br />This Deed of Trust shall secure (a) the payment of the principal suet qnd interest evidenced by a promissory note or tplxllt•
<br />agreement dated !kMust 15. 1989 having a maturity date of---. August 15,: 1994
<br />in the original principal amount of S 20 000.00 _ _ _ , • __.... _ and any and al! modifications, extensions and renewals
<br />thereof or thereto and any and all future advances and readvances to BCtrower (or any of them, ill ,more than one) hereunder
<br />pursuant to one or more promissory notes or nibs O agreements (herein called "Note"). (b) the paymgrit tl* other sums advanced by
<br />Lender to protecithe security of the Note: (c) thg C? rlormance of all covenants and agreements of trusttr set forth Merein; and (d) all
<br />t
<br />present and future indebtednes3 ana obligattonit of Borrower (or any of them r; more ens) to Lender whethqu4irect. indirect
<br />absolute or contingent arld whe.t*C arising by note, guaranty, overdraft or otherwise The f ote, this Geed of Tnst'nrtd any and all
<br />'
<br />other docuents that ee11um ths.lioe or otherwiserxirnuted in connection therewith, incluMng without limitation guai'bnteas, security
<br />agreements and assiiijrtnr;num. ct teases and rents; stall be referred to herein as the "Loan Instrurnelliv
<br />Truster covenants arr., gees with lender as tp;icws.
<br />1. Payina of ledeblednhaa. All indebtedness secured hereby shall be paid when due.
<br />2. TNM. Truster Is the owner of the Property, has the right and authority to convey the Properly, and warra"la that the lien
<br />created hereby is a first and prior lien on the Property, except for liens and encumbrances set forth by Trustor in writing and
<br />delivered to Lender betere execution of this Deed of Trust, and the execution and delivery of this Deed of Trust does not violate any
<br />contract or other obligation to which Trustor is subject
<br />3. Tames, Asseasareeb. To pay before delinquency all taxes. special assessments and all other charges against the Property
<br />now or hereafter Ievied.
<br />a. leswarme. To keep the Property insured against damage by fire. hazards included within the term "extended coverage ". and
<br />such other hazards as Lender may require, in amounts and Y.:th compan:ou acceptable to Lender naming Lender as tin add,tionat
<br />named insured, with loss payable to the lender. In case of toss under such policies. the Lender is authorized to adjust, collect and
<br />compromise, all claims thereunder and shat; have the optio i otapplying ah or part of the insurance proceeds (i) to any indebtedness
<br />secured hereby and in such order as Lender may determine, (n) to the Trustor to lie used for the repair or restoration of the Property
<br />or (iii) for any other purpose or cbject satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured
<br />hereby bNore such payment ever took place. Any app icatton of proceeds to indebtedness shall not extend or postpone the due
<br />date of any paymants under the Note, or cure any default thereunder or hereunder
<br />;
<br />5. Eschew. Upon writun rfam nrt h; t anitlit- inittor thay nay to sIersler, sr Luch manna ;r as Le dtr real des- grrate. sufttcietit
<br />;
<br />sums to enable Lender to pay asthey become due one or rnnreof the folio*ing (r) all taxes, assessmeritsand other charges against
<br />the P9eagerly, (ii) tie premiums on the property insurance required hereundet, and (tit) the premiums on any mortgage insurance
<br />required by Lender
<br />L . 8 r rMrrtaaee, 4801h orb CA i pllaitee wNh laws. Trustor shalt keep the Property in good condition and repair, shall
<br />np
<br />protly ropso. or replace any improvement «hich ma/ be damaged or destroyed, shall not commit or permit any waste or
<br />detetroration of the Property, shall not rerttove, dernuLstt of substan'Latly alter any of thin' improvements on the Property, shall not
<br />commit suit or Pwmil arty act to be done in cr u{i•:.n the Property in v ;ola!: on of any law. ordinance. of regu!ation, and shall pa; and
<br />pfompgy rlrsr►rarge at Trustor's cast and expense a)i I•errg. s•rc umbsartces al.d dh;trges tev:ed, imc;used of accessed against the
<br />Property Or any Fart ffwonf
<br />EeMe_ MIt Owsairs. Lauber �s Werth✓ His ;i�et i a t { ��;;er sat, rr, sweats damages and other paiments tit rel ;ef (hereinafter
<br />PrGceede ) in U)"IT eft oft *,th cL'ndernn,xt.�Jn ur ot!tpt 13 :,n j fit t" a Pt () terty Or Fat! lt:ctcat_ Cr fit GCn :Uyil'tc0 r� i eL oico6�d8mn11-
<br />' tt�!' OW11,e3 nT its crl; s to L:if; II!t�!!(,{f uyl;erar ; •e A!;d prQUI':dt,P ,n e'-5 0141* I :JfltU (lift• :ft_tf{7se err 93OLuedittit3 rir'tl .
<br />Via;) W30 beer -roved to rna*,o arry t.cnt(,rtor.se ;it mill'Bn =read n t,ryrtr!Ut�a1r' N !h 51,i.+' 101, rg G' tt1t1 :fge r'r rite bvC.-M pny pollrun ,!
<br />' r+r We 41frLr4+l,:a of °- .r..-•e• .�.A,iO3,a r,�f lt.u. ..� :�-, ke0 �+t-,
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