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�F ACROWLEDOEMENT OF DEED OF TST YRUSTOR READ THIS BEFORE. SIGNING .90-710G317 Truster understands that the document that Trustor Is about to execute is a Dead of True) and not p(t mortgage and that the power of sale provided for In the Dead of Trust provides substantially different rights and obligations to Truster than a mortgage In the cvent of a default or breach of obligation under the Deed of Trust. Including, but not limited to, the Lender's right to have the Property soil by the Trust" without any judicial proceeding, Trustor represents and warrants that this acknowledgement was executed by Truster before the execution of the Deed of Trust Trustor Trustor DEED OF TRUST WITH FUTURE ADVANCES THIS DEED OF TRUST. is made as of the 2ith day of October 19W_ by and among the Trustor, Diana L Axmann, an unmarried person whose mailing address is 315 Pheasant Driye, Grams Island, NE (herein "Trustor;' whether one or more!, the Trustee, Leland B. Jones whose irairrittg WdTess is 1218 L St., Aurora, NE 68818 (herein "Truskaea , and the avwjlcigry, First National Bank of Marquette whosta mailing addrm is P.O.' gets Tgt-- l a '�. te, 68854 _ (herein "Lender'). FOR VALUABLE CONSIDERA71Cvw. 'r „ tudli; O.renwcr,': enitecsion of credit identified herein to Diaml L. illxmarm Oe-e*vn `Borrower ", whether Otte dr more) and Vie trust i *g an Lreated, lbe taCOW, of whicl-r is hereby ackroAledgeic , scar :t9, transfere =ryeys and 'Gns ic i r uetee, IN ?M� SL, yW..T. R PCP1;iEER OF SALE, fortf�e berrerca',t s zuntyc Let5z-r, under srd o tJ;Iect to Wie Wrms and: za- lni4v-s tereinafter set ton.+T,. V-te lw� prlpert).-described as 1-0 r1249& Lot fortW -_ cl jr (") in Hidden Lakes SuUtdi:v_:,sion No. Tito and Part of the Smxlneast Quarter of the Northeast Quarter (SEfNEt) and Part of the North Half of the Northeast Quarter of the Southeast Quarter MNEMi) of Section Thirteen (13), Township Eleven (11), Range Nine (9) West of the 6th P.M. in Hall County, Nebraska Together with all buildings, improvements, fixtures, streets, alleys, passageways. easements. rights, privileges and appurte- nances located thereon or in anywise pertaining thereto. and the rents. Issues and profits, reversions and remainders thereof, and such personal property that is attached to the improvements so as to constitute a fixture. Including, but not limited to, heating and Cooling equipment: and together wan the homestead or marital interests. it any, which interests are hurchy reteaaad and waived; all c' which, including replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of thle Deed of Trust and all of the foregoing being referred to herein as the "Property This Deed of Trust shall secure (a) the payment of the pt�-ncipal sum and interest evidenced by a promissory note or credit agreement dated October 26, 1990 _,.havirg a maturity date of October 26 , 1995 in the original principal amount of 358 - 000.00 and any and all modifications, extensions and renewals thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one) hereunder pursuant to one or more promissory :totes or credit agreements (herein called Note). (b) the payment of other sums advanced by Lender to protect the security of the Note; (c) the performance of all covenants and agreements of Trustor set forth In erein; and (d) all present and future indebtedness and obligations of Borrova'ar (or any of them if more than one) to Lender whether direct, indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise The Note, this Deed of Trust and any and all other docuents that secure the Note or otherwise executed cn connection therewith, rnc:uding without limitation guaranteas, security agreements and assignments of leases and rents, shall " referred to herein as the "Loan instruments'. Trustor covenants and agrees with Lender as fo::oris_ 1. Payment of Indebtedness. All indebtedness secured hereby shall be paid when due. 2. Title. Trustor is the owner of the Property, has the right and authority to convey the Property, and warrants that the lien created hereby is a first and prior lien on the Property. except.for liens and encumbrances set forth by Trustor in writing and delivered to Lender before exei:L =—. of this Deed of Trust and the execution and delivery of this Deed of Trust does not =tate any contract or other obligation to whi;C : Trustor is subject 3. Taxes, Assessments. To pa 5efore delinquency air taxes, special assessments and all other charges against the Property now or hereafter levied. 4. Insurance. To keep the Preperty insured against damage by fire, hazaros included within the term "extended coverage ". and such other hazards as Lender may•requi<e. in amounts and with Campan.es aCCepab'e to Leader, naming Lender as an additional named insured, with loss payab'.e to the Lender. In case o ". toss under suzh po:Ie:es the Lender is authorized to adjust collect and compromise, all claims thereunder and shall have the option of applying all or pars of the Insurance proceeds (i) to any indebtedness secured hereby and in such order as lender may determine, (Ii) to the Trustor to be used for the repair or restoration of the Property or (iii) for any other purpose or object satisfactoryto Lender without affecting the teen of this Deed of Trust for the full amount secured hereby before such payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under the Note, or cure any default thereunder or hereunder. S. Escrow. Upon written demand by Lender.'frustor. shall pay to Lender, in such manner as Lender may designate. sufficient sums to enable lender to pay as they become due one or more of the following: (i) all taxes. assessments and other charges against the Property, (h) the premiums on the propertlr insurance required hereunder, and (III) the premiums on any mortgage insurance required by Lender. S. Maintenance, Repairs and C6m gIllanee with Laws. Trustor shall keep the Property in good condition and repair; shall promptly repair, or replace any. Improvement wi-rch may be damaged or destroyed; shall not commit.or parmil.k4y. Yaste,or de'raicratien of the Property; shall not remove; delmobsh or substantially alter any of the Improvements on (he Prope.i*- shall not commit, suffer or permit any act to be done in or upon the Property in violation of any taw, ordinance, or regulation; and shall pay and promptly discharge at Trustees cost and expense. all liens. encumbrances arid charges levied, imposed or assessed against the Property or any part thereof. T. Eminent Domain. Lender Is hereby assigned all compensation, awards. damages and other payments or reiihi (hereinafter "Proceeds') in connection with condemnation crother taking of the Property or part thereof. or for conveyance in Ileu of condemns - lion. Lender shall be entitled at its option to commence, appear in and prosecute In Its own name any action or pr6cL2edings. and shall also be entitled to make any compromise or settlement in connection with such taking or damage. In the event'iuty. portion of NBC 3467111~hcunural Oudi Rev 10/88 0 1998Iiauxul11ar* or Commerce rrun my 9ovmgs Assouauon Uncom Newttis f i l t. i.,