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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />TRUSTOR READ THIS BEFORE SIGNING: 89-.,104876
<br />Trustor understands thatthe document that Trustor 19-about to execute is a Deed of Trust and note martg$ge andthatthe power
<br />of sate provided for lathe Deed of Trust provides substantially different rights and obligations 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 to, the Lender's right to b4ve the Property sold
<br />by the Trustee without any judicial proceeding. Trustor represents an nts that this acknowledgement was executed by
<br />Trus7oxy a the execution of the Medial Truitt
<br />R. Cl (Venneth E. Claris, Trustor U13 d) _
<br />(A sawried person) '
<br />(PhyllistrA. Clark, Trustor Wife)
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the 7th day of- September , 19-9-9— by and among
<br />the Trustor,
<br />whose mailing address is 107 tom: 4th Grand island NE 68801 rson
<br />(fitii4ty "Trustor," ether one or more),
<br />.5
<br />the Trustee, William G. Blai ern, a member of the NE State ' 8'a* ;AZsn-
<br />whose mailing address is 20 Box Mo, Grand Islaa3, (herein "Thistee'), and
<br />the Beneficiary, Five Points Bank .
<br />whose mailing address is p- n_ lane JR07rrranA Tallar►A., AT.t3 & (hereiiv °Lender').
<br />FOR VALUABLE CONSIDERATION, including Lender's eyttlnMalt ;of cradif.identified herein to nth F- Clair % RtyL A.
<br />SKr Cs>bbatd &wife, & licygr R. Clack, a married PSE010a (hamifi.`'Sarrowee',-,Whether one or more) and the trust herein createw.
<br />&,a receipt of which is hereby acknowledged. Trustor hereby irmacably grants, transfers, conveys and assigns to Trustee, I
<br />TRUST, WITH POWER OF SALE. for the benefit and security of Lender, under and subject tathererms and conditions I*RhEenaftersv.t
<br />forth, the real property, described as follows:
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<br />Lot Two (2) Im Stock Eleven (11), in Bonnie Brae'Addition to the Mir of Grand
<br />Island, Hall Ccanty, Nebraska (co=only known as 1509 W. 4th, Grand Island, NE)
<br />Together with all bu in gs, improvements. fixtures, streets. c0le /s. passageways, easements. rights, privileges and appurte-
<br />nances located thereor v„rinanywise pertaining themto, and the rc 's :. r5>+s and profits. reversions and remainders thereof, and
<br />such personal property :nvis attached to the imprc+o-l:ments so as to fixture, including, but not limited to, heating and
<br />cooling equipment; and tcy3ther with the homestead cr marital interests, n %i� -ich interests are horehy released and waived; all
<br />of which, including replacements and additions thereto, is hereby geclared to be a part of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being referred to herein s.^ ti -N 'Property".
<br />This Deed of Trust efusli secure (a) the payment of the principal sum and interest evidencsd by a. rxpirriissory note or credit
<br />agreement dated 9/7189 haw's; a maturity date of �i15 5
<br />in the original principal amount of $ 17,Q00 -00 and any and all +rrr d:lications, extensions ar d Frenewals
<br />thereof or thereto and arry. and all future advances and readvances to Borrower (or ar ji rt them if more than one) hereunder
<br />pursuant to one or more r;ramissory notes or credit agreements (herein called' ?h.Ve "); (b) the payment of other sums advanced by
<br />Uer der to protect the secux' ^j of the Note; (c) the performance of all covenant, ,,re, egreemeras of Trustor set forth herein; and (d) all
<br />pr!sent and flit ire indebtedness and obligations of Borrower ran any of them rt'rners Man Pane) to Lender whether direct, indirect,
<br />absolute or conlfr*gsnt arid trhether arising by note, guaranty, cvetdraft or otherwise. ThetNote, this Deed of Trust and any and all
<br />other docuenlis Mat secure the Note or oulerwise executed in connection therewtf:, mc!uding without limitation guarantees, security
<br />agreements and assignments of leases and rents, shall be referred to herein ns tt:e "Loan. instruments ".
<br />Trustor covenants and agrees with Lender as follows:
<br />1. Payment of Indebtedoesa.'All indebtedness secured hereby shall be paid when due.
<br />2. Tide. 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 wens 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 Trustor is subject.
<br />3. Taxes. Assessmenfa. To pay before delirquency all taxes, special assessments and all other charges against the Property
<br />now or hereafter levied.
<br />4. Inswame. 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 loss payable to this 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 (r) 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 (u r) 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 />5. Escrow. Upon written demand by Lender. Trustor shall pay to Lender, in such manner as Lender inay designate. sufficient
<br />sums to enable lender to pay as they become due one or more of the following; (r) all taxes. assessments and other chargss against _
<br />the Property, (i) the premiums on the property Insurance required hereunder, and (til) the premiums on any mortgage insurance
<br />required by Lender.
<br />6. Ma)ntettanee. Repaks 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 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 any act to be done fn or upon the Property in violation of any law, ordmanco. or regulation, and shall pay and
<br />promptly discharge at Trustor's cost and expense all trans. encumbrances and charges levied, imposed or assessed against the
<br />Property or any part thereof.
<br />7 EreklenI Domain. tender is hereby assigned all curnperisation, awards. damages and other payments or relief (hereinafter
<br />"proceeds' f in connection with condemnatiorl or oche• taking of Ina Property or part thereof, cr for conveyance in r•ou of condernna- `
<br />lion Lender shall be entitled at its option to comrtlance, appeear m and proSe::uto in its own name any ,nctinn cr prom- edings and
<br />Shrill also tiff entitled to mao..o an f Cumprornisf) of r.liW 'rrieerit i•i cuhnr7Ct.or K 're such Taking or dArna5e In tr'e evert any pgft'on of
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