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ACKNOWLEDGEMENT OF DEED OF TRUST
<br />TRUSTOR READ THIS BEFORE SIGNING: +I? -- 10 4 7 01
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<br />Trustor understands thatthedocument that Trustor is about to execute Is a Cat # 0 Truste►ndnal a moftage and that the power:..
<br />of sale provided for in the Deed of Trust provides substantially different rights altd'obligailons to Trustor than a mortgage In the event
<br />of a default or breach of obligation under the Deed of Trust, including, but not limited td, the Lender's right to have the P, roperty sold
<br />by the Trustee without any judicial proceeding. Trustor represents and warrants that this acknowledgement was executed by
<br />Trustor before the execution of this Deed of Trust
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<br />(Sua .
<br />an L. Jeffre .� 7.stor A Single Fuego)
<br />Trustor
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST; is made as of the 3=1day of -%-August 19 89 by and among
<br />` ft Trustor, _ Gtlainn T.- Jnffract, A 1q4ng1 Q Vnrmim. -+
<br />whose mailing address is 2nfi $_ Aahl -nn_ grand Mlarois NE (tt .i. `Trustor," whether one or more).
<br />Lte- Trustee. W i 11 S ""' u Bl AGkbur„ ♦ a rrt "bar. i?F-. �W= HE State Bar' Mgln.
<br />Oruse mailing address is P ^. Box 2180, C=, ;4 (herein "Trustee'), and "
<br />Five Points Bank }
<br />Me Beneficiary. ,
<br />whose mailing address is a.e_ tanY 11411117- ar nd ttalwnd� NR- 4aA02 -.11507 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extern;: of credit identified herein to e�•��ri T. _ Taffraa - n
<br />sfng n p rg n (rerein ;rorrower ", whether one or more) and the trust herein created,
<br />Me receipt of which is hereby acknowledged. Trustor• hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN
<br />TRUST. WITH POWER OF S!t! �, for Me benefit and secru try of Lender, under a)x3! s bject to the terms and y- rditions hereinafter set
<br />the real property, dem5ri:ed as follows: Tlio p=a eLght -tt* a d.11 as•. truths (82.5) fact. of fractional Iat F,Ltm,
<br />.ti in ft acdonal No* alas hwdkeicl sevanteen (117), of Raiumd AdUtion t: '0A'Clty of G1rmt9 ISla`d, NikeneM, and its
<br />oampitamartt, feac'srl.Lol: Five (5) in fractional Slocie one hundred aisysiteen ( 117), in Koenig and Wieba's ABdltien to
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<br />the City of Gm d =�ittd. Nabtt asim, Hall Shit County, NE
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways. easements. rights, privileges and appirt -,
<br />nances locatei�,ioereon or in anywise pertaining thereto, and the rents. issues and profits, reversions and remainders thetuai' aria:.
<br />such personal Woperty that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and
<br />cooling equipment and together with the homestead at marital interests, if any, which interests are herehy released and waived; all
<br />of which, including replacements and additions thereto, is hereby declared to be apart of the 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 sum and interest evidenced by a promissory note or credit
<br />agreement dated August 30r 1989 _ halomvy a maturity date of FA1%rt2a &c ZEL. 1gga
<br />in the original principal etmount of S4ppp,pp and any and al! modifications, extensions and renewals,
<br />thereof or thereto and any and all future advances &nd readvances to Borrower (or any of them it more than one) hereunder
<br />pursuant to one or more promissory noose: or credit agreements (herein called "Note"). (b) the payment of other sums advanced by
<br />Lender to protect the security of the Ncilli (;% i.',the performance of all covenants and agreements of Trustor set forth herein; and (d) all
<br />present and future indebtedness and rr.,fl tld'ions of 9orrower (or any of them it more than one) to Lender whether direct, indirect,
<br />aLtd: lute or contingent and whether argil+, by nctei, ji aaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all
<br />o+tnerdoeuents that secure the Note or c6itrwise excvifed in connection therewith, including without limitation guarantees, security
<br />agreements pnd assignments of leases and rents, shall be referred to herein as the "Loan Instruments ".
<br />Trustor ccyefrante and agrees %ift, Uv!der as follows:
<br />1. tsayrtmWrbf Indebtledom. All ir,*. sredness secured herot., o —,all be .paid when due.
<br />2. Tltk. Trustor is the owner of ti-e� Property, has the right and autfowity to convey the Property. and warrants that the lien
<br />created hereby Is a first.: x t;f prior lien on the Proppoy. except for hens 2.rtid rttc'umbrances set forth Ly. Trustor in writing and
<br />delivered to Lender before eAbcution of this Deed of Trust, and the execution ano daiivery of this Deed of Trust does not violate any
<br />contract or other obligation to which Tru =r is subject:
<br />l 3. Taxes, AssNSmenb. To pay befiaia delirquency all taxes, special assessments and all other charges against the Property
<br />-`I 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 naming Lender as an additional
<br />named insured, with toss payable to the lender. In case of loss under such policies, the Lender is authorized to adjust, collect and
<br />compromise, all claims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness
<br />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
<br />or (iii)for any other purpose or object satisfactory to Lender 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 />date of any payments under the Note, or cure any default thereunder or hereunder.
<br />S. Eurew. Upon written demand by Lender, Trustor shall pay to Lender, in such manner as Lender mayidesignate. sufficient
<br />mimato enable Landerto pay eatheybecome due one or more of the foll"jit a (d all and oth r ch: r9=89a of
<br />the Property, (ii) the premiums on the property insurance required hereunder, and (ill) the premiums on any mortgage insurance
<br />required by Lender.
<br />L MabMenanee, Rep*$ and Compliance with Laws. Trustor shall keep the Property in good condition and repair, shall
<br />promptly repair. or replace any improvement which may be damaged or destroyed; shall not comma or permit any waste or
<br />doerlorrJon of the Property: shall not remove, demolish or substantially alter any of the improvements on the Property ; shall not
<br />commie s�liner or permit any act to be dano in or upon the Property in violation of any lave, ordinance. or regulation, and steali pay and
<br />promptly discharge at Trustor's cost artd expense all bens, encumbrances and charges levied. imposed or assessed against the
<br />Property or any part thereof.
<br />7. En*wt Dontaln. Lender Is hereby assigned all compensation. awards, damages and other payments or relief (hereinafter
<br />"Proceeds") m connection with condenmation or other taking of the Property or part thereof, or for conveyance in reu of tondemna-
<br />t:on Le: ^der ahalt be entitled at its option to commence, appear in and prosecute 111 its Own name any action or proceedings. and
<br />shall also to entitled to make any comprornicco or Settlement in Connection with such fairing or damage in the ouemt any portion of
<br />NIK 3141 i!t.fesp. D"J) Pam Ii r AN `
<br />Z %wsirp. fAl8u-6 of E uce I -IT V•411, --3, A914X at a tin c: o Ndnu.
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