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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />TRUSTOR READ THiS BEFORE SIONIN(,t
<br />Trustor understands that the document that Trustor Is about to execute Is a Deed of Trust and not a mart4pip IfId.that the power
<br />Of sate provided for in the Deed of Trust provides substantially different rights and obligations to Trustor than tvh ftsge in the went
<br />of a default or breach of obligation under the aced of Trust. Including, but not limited to, the Lender's right to have the Property sold
<br />by the Truske' without any judicial proceeding_ Trustor represents d warrants that this acknowledgement was a scuted by
<br />Trustor faefare the execuftwof the Deed of Trust. ( `
<br />Susan L. Tr' t Jeffres, A Single Person
<br />' � T�.utitfitc .
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the In day at liugnss+ , 1929. —,. by and among
<br />the Trustor, Susan L. Jeffrea. 'A Single Person
<br />whose mailing address is ?.11116 Granfi isles, NE (hgrfttn:t'T:rstor;' whether one or more),
<br />Trusts!, William a msstmr of the HlL stale Bat Assn.
<br />whose mailing address is P. t). Box 2280. Grand Talaad. NE 6813£12 (h:ere!n "Tnx and
<br />the Beneficiary, Ply-CA Pnilinta Han1g, ,
<br />whom imiling address is 2. 0. Bow 3502, Grand Isill A NE 68802 (J=erein "Lender).
<br />FED E-k`1S . M = CONSIDERATION, inc!ud!n•g Lender's extension orf credit identified herein to .911sart
<br />A 5; .Parson (herein "Borrower ", whedrer one or rmcm) _=d the trust herein voestpd.
<br />the rwao: a; ti is hereby acknowledged. Trustor hereby irrevocably granta. b wisfers, conveys. anal assigns to Trustee, IN
<br />TRUST, WITH fOWEROFSALE ,forthebenefitandsev..;� p. oflender, underandw0j" ttothetermsarylci .,nr<mshereinatterset
<br />forth, the real pr ,.V". described as follows:
<br />The Southerty. s7 (fifty seven) feet of Tit 1 (orte);Block 71 (seventy one L.:: %wheeler and
<br />Bennet's second addition to the City of Gran3.ldl;snd,. Hall County, Nebraska.
<br />Together with all buildings, improvements, fixtures, vtleets, alleys, passageways, easements, rights, priYV)s s and appurte-
<br />nances located thereon or in anywise pertair irq ±hereto, and the rerm ..ssues and profits, reversions and remainders thereof, and
<br />such personal pi operty that is attached to the ec- arovements so as t'_� institute a fixture, including, but not limited to, her: Rg and
<br />cony nq equipment and together with the homestead or K.anfal. it,tere V11. it any, which interests are hereby released and waived; all
<br />of v rhiw°ft, including replacements and additions thereto. ra4itweby dec'.ared to be mart of the real estate secured by i ten of this
<br />Deed'of'Trust and all of the foregoing being referred to ewaa o as _e "Property ". "
<br />This Deed vl'Trust shall secure (a) the payment of the principa; lgy:n and interest evidenced by a promissory note or credit
<br />agreement dated August 30,_ 198 �. having a maturity date of February 26t 1990
<br />in f* !ariginat principal amount of $ 35,11110.!0__ . . and any and ail modifications, exter^'tr.ns and renewals
<br />thereof or thereto and any and all future advances and -eadvances to Borrower (or any of them if more t_`an one) herevade►
<br />purst;ant to one or more promissory notes or credit agreements (herein called "Note "), (b) the payment of other sums advanced by
<br />Levi*r to protect the security of the Note; (61 the pertorivarce of all covenants and agreements of Trustor set forth herein; and (d) all
<br />prera(t tt and future indebtedness and obligations of Bor;r!,vcsr (or any of them it more than one) to Lender whether direct, Indirect,
<br />atas,10a or contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all
<br />othwdocuents that secure the Note or otherwise executed in connection therewith, including without limitation guarantees, security
<br />agreements and assignments of leases and rents, shall be referred to herein as the "Loan instruments'.
<br />Trustor covenants and agrees with Lender as follows:
<br />1. Plopmera of Indebsednew. All indebtedness secured hereby shall be paid when due.
<br />2. TIM!. Trustor is the owner of the Property, has the right and authority to convey the Property. and warrants 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 before 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 Truster is subject.
<br />3. Tomm, AaeseentenM. To pay before delinquency all taxes, special assessments and all other charges against the Property
<br />now or hereafter levied.
<br />4. Insurance. 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 with companies acceptable to Lender narrnng Lender as an additional
<br />named insured, with loss payable to the Lender. in case of loss under such policies, the Lender is authorized to adjust, colleol and
<br />compromise. all claims thereunder and shall have the optio,) of applying all or part of the insurance proceeds (i) to any indebtedness
<br />secured heroby and in such order as Lender may determine, (ii) to the Trustor tote used for the repair or restoration of the Property
<br />or (iii) for any other purpose or object satisfactory to Leader without affecting the lien of this Deed of Trust for the full amount secured
<br />hereby before such payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due
<br />data of any payments under the Note, or cure any default thereunder or hereunder
<br />5 Escrow. upon written demand by Lender, Trustor shall pay to Lender, in such manner as Lender may designate. sufficient
<br />surtu} tnal "Nall..eod4rfnnayasthtyP-m -com edueo". Orrnnrant the fouowlrg 'f,sall taxes. assesainentts arid Mile! chasesaganst
<br />the Pramny. (i) the premiums on the property insurance required hereunder, and (m) the premiums on any mortgage insurance
<br />required by Lender.
<br />S. Mainkitartee, Nepalis and ContpNanee with laws. Trustor shall keep the Property in good condition and repair. shall
<br />promptly repair. or replace any improvement wh :ch may be damaged or destroyed: shall not commit or permit any waste or
<br />dpWoorshon of the Property, shall not remove, demolish or substantalty alter any of the irnpravenents or. voe Property, shall not
<br />60111irnit, suffer or pernsd any act to be done In w upon Iho Property in violation of any law. ordinance. or regulation. and shall pay and
<br />wonipriy discharge at Trustor's cost and expense all hers, encumbrances and charges levied. imposed or assessed against the
<br />Property or any part thereof.
<br />F. Er rAM Oerrtehr_ Lender is hereby assigned all compensation, awards, damages and other pavnmor,ts or reliet thuie :nafter
<br />" Proeeedi `i in G0111`180 10h with tondemnat un or other taking of the Property ©r part thereof, at far co9veyance in i eu of ccndemna-
<br />tion Leader snail"entitled at its option to cornmUnce, appear ,n and pmseicute in its o *n name any action or prcceadinge. and
<br />wall also be enticed to mate arty carrpmrn +se or settlement in curinvo ;on vvAh sut i Ituing w damage ht the event any uitiumi of
<br />�' t rin,,,dpew; �YJ nr fCt- •sip :Y . Fy wo 9*.. v vwwlts
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