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• ACKNOWLEDGEMENT OF DEED OF TRUST
<br />TRUSTOR READ THIS BEFORE SIGNING:
<br />89___104846
<br />Truster understands that the document thatTrustor Is about to ex9Ctlie is a Deed of Trust and not a morigsgeand thatthe power
<br />r of sale provided for in the Deed of Trust provides substanflally diflerenkr4h;rf ind obligations to Trustor.than a rnOrtgttge In the event
<br />f of a default or breach of obligation under the Deed of Trust. ItrcI din ttialtmited to, der's right to have the Property void
<br />i by the Trustee without any Judicial proceeding. Trustor rEprese an ertants tha MIS nowtedgement was executed by
<br />Truster before the execution of the Deed of Trust
<br />�R :. lt. ,Poland Truster Qu )
<br />E S
<br />14th K. ftlaind, Tnmtor wife).
<br />DEED OF TRUST, WITH FUTURE ADVANCES
<br />j
<br />THIS DEED OF..T,FYST i as cf the day of____sepl- amba-r
<br />19-82— by and ar arts
<br />i the Trustot, Rrs sr AC. FoYand and J ; d3tti R Poland Husbaziti and Wife
<br />i! whose malting address is ttrr• +�'a_i, t?�� 241 c :ndl Tni anti a (herein " Trustor," whether one or tare };
<br />i the Trustee, Willi= G. Blacicizus -i. ; a: M.Omber of the NE State I Bar Assn.'
<br />!
<br />whosen ailing- addiess is ___La- 0- Boo- 17Rr_..:..� and ze, end, NE 6H 02 2280
<br />(tierain 'Trustee`), and
<br />f the Beneficiary, pig it u.�i
<br />! whose mailing ad .6 . P. O. Bdx-- 1:507 Grand Island, NJr 68802-1507 t
<br />FOR VALUA N�Sj f [IRMOtJ;: including Lender's extension of credit iden.Mad herein to Robert X. Poland - gad
<br />Judith K. Poland, Cusband &Wife' (herein "Borrower ", whether one or mole) and the trust herein:
<br />..;tasted,
<br />the receipt of whidt rrs hereby ackrrowlkdgedi. Trustor hereby irrevocably grants, transfers, convays and assigns to Trtisloa„IN
<br />TRUST, WITH Paltj A OF SALE, for the benefitand securay of Lender, under and subject to the terms and conditions hereirn�ilarset
<br />forth, the real p,�j,�, described as follows:
<br /># Sea Attachment
<br />E
<br />Together with ell buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurte-
<br />1 nances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, a-^ d
<br />such personal property that is attached to the improvements so as to o;�-Stitute a fixture, including; but not limited to, heat: -!g znz(
<br />cooling equipment; and together with the homestead or marital interes *.;s; "any, which interests are tnprehy released and walvad, ali
<br />of which, including replacements and addit or' thereto, is hereby devared to be a part of the rea)esUte secured by the lisini ilhfs
<br />Deed of Trust and all of the foregoing bein5 r :flarred to herein as the 'tProperty ".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and i. ,L sst evidenced by a promissory note or credit
<br />i
<br />agreement dated ._ _ 915/89 havirg a maturity awie of 12 31/96 in the original principal amount of s 11704ee_ nn _._,_ , and any u;a• all modifications, extensions and renewals
<br />thereof or thereto and any and all future advances and readvances to Borrower, (or any of them if more than one) hereunder
<br />pursuant to one or more promissory notes or credit agreements (herein called "Note"); (b) the payment of other sums advaitned by
<br />Lender to protect the security of the Note; (C) the performance of all covenants acid agreements of Truster set forth herein; and•td) all
<br />present and future i.rx."*3btedness and obligations of Borrower (or any of them ii more than one) to Lender whether direct. irdirrect,.
<br />absolute or Contir:kw,2 and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and G ^a,'ind all
<br />other docuents that iieeure the Note or otherwise executed h .wnnection therewith, including without limitation cUaranteas, security
<br />agreements and as t;nments cf leases and rents, shall Cq- re ?erred to herein as the "Loan Instruments ".
<br />Trusor coveRi}-!s and agr with Lerdar as follows.
<br />I. fINyresntt Of lkitiebtednes2. All indebedness secured hereby sha;'l lye paid when due.
<br />2. TNIe. Trusfor r,�• the owner of the ProVirty, has the right and au•ftority to convey the Pfol;erty, and warrants that ttr3• Len
<br />created hereby is av fir,,' and pr;or lien on the Property• except for dens and encumbrances set forth by Trustor in wrii'rg and
<br />delivered to Lender-befdre exn. Mion of this Deed of Trust, and the execution and delivery of this Deed of Trust does not v:Olateany
<br />contract or other obligation tc wh-,ch Truster is subject.
<br />3. Taxes. Asseeements. To pay before dellrquency all taxes, special assessments and all other charges against the Property
<br />now or hereafter 164ijtd.
<br />4. Ineurame Tor 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 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 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, (H) to the Truster 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 appucatton 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. Escrow. Upon written demand by Lender_ Trustor shall pay to Lcndcr, in such nialliler as Lender may designate, sufficient
<br />sums to enable Lender to pay as they become due one or more Of the following- t all taxes, assessments and other charges against i
<br />the Pr g' ( )
<br />opsrty, (ii) the premiums on the property insurance required hereunder, and (iii) the premiums on any mortgage insurance
<br />required by Lender.
<br />L 8• 11101"Mou e. Repake Mid COMPHance with Laws. Trustor shall keep the Property in good condition and repair: shall
<br />Promptly repair, or replsce any improvement which may be damaged or destroyed; shall not 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 />Commit. suffer or permit arty act to bedone in or upon the Property in violation of any law, ordinance, or regulation, and shall pa ll not
<br />promptly discharge at Trustor's cost and expense all lions, encumbrances and charges levied, imposed or asses
<br />Prape±fiy or any part thereof. assessed against the
<br />ErMrtsnt Domain. lender is hereby assigned all cumpensatiOn, awards. damages and Other payments or relauf (t;efelnclftur 1" `
<br />"Proceeds') in connection with condemnation or other taking of the Property or part troreo t. or for cenveyancQ ut hue of condantna
<br />tion Lender shall be entitled at its option to commence, appear in and prosOcuto in ,ts Own nr#ma any actiflrt or teoof cord s. ria.
<br />shaft aloe be entity to make any compromise of eottlernent in connection with such talon[) or damage In the uvc}nt any 4r.et.ur! or
<br />kb .{bt!N,r,y,t,r•wa7UbC ) rt,v10 art
<br />01489Nt!�.af Qartc +Cw"+r'+rcst,uata�f SsY.��. eis:.•wron tfr¢a'r Nahafa� �..
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