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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />TRUSTOR READ TNiS 13EFORE SIGNING: " 89--.104877
<br />Trustor understands that the doeumentthat Trustor is about to execute is a Deed of Trust and not a mortgage and that the power
<br />of sale provided for in the 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 have the Property 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 the Deed of Trust:
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<br />ZAA
<br />Trustcy (Jerry G. Aldana)
<br />Trustor
<br />t DEED OF TRUST WITH FUTURE ADVANCES
<br />t THIS DEED OF TRUST, is made as of the 8 th- day of September , T019 by and among
<br />the Trustor, Jerry G. Aldana, A Single Person
<br />102 West 6th Street, Grand Island, HE 6881
<br />whose mailing address is erein "Trustor," whether one 6i
<br />the Trustee. William•' (;: Blackburn.._ A' >lim►ber of the Nebraska State Bar Asaoci ation
<br />whose mailing address is ` ` P.O. Box 2280, Grand Island, NE ' Ec8802 (herein "Trustee"), and
<br />)?eve Foiats Batai
<br />ary,,
<br />the Beneficiary,, .
<br />whose mailing address iq. ` P.O. Box 1507.' Grand Island, NE 68802 (herein "Lender 1.
<br />FOR VALUAti:E CONS117ERATIOhI; including Lender's extension of credit identified herein to -- .terry G. Aldana.
<br />A Single. Persam ' (herein "Borrower ". a tsther one or more) and the trust herein created,
<br />the receipt of which is herraiy acknowledged, Trustor hereby irrevocably gran.-:,. Cransfers, conveys and assigns to Trustee, iN.
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<br />TRUST. WITH POWER OF SALE, for the benefit and security of Lender, underand z- Jalect to the terms and conditions hereinafter sEi .
<br />forth, the real•property, described as taUrvcs:
<br />The East..e=l-y Thirty -Two ('12.7 feet of Lot Eight (8) in Block
<br />Seven (7) -,in the Original Town, now city of Grand Island, ,
<br />Hall County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easerr ,•rid; Ss,. .riviteges alt d.;rW`Jn' a.
<br />nances located thereon or €- anywise pertaining thereto, and the rents, issues and profits, resra sins a-v� tramalnders thaTe:5f -and
<br />such personal property th.V i'8 attached to the improvements so as to constitute a fixture, including, but cvA )invited to, hEu ^j'rg and
<br />cooling equipment; and together with the homestead or marital interests, if any, which interests are hereby released and waived; ,aV
<br />t of which. Including replacements and additions thereto, is hereby declared to be a part of the Keal estate secured by the 1!en of this
<br />J. Deed of Trust all of the foregoing hang referred to herein as the "Property ".
<br />This Deed of Trust shaft secure (i1i "ne payment of the principal sum and interest evidenced by a promissory note or credit
<br />agreement dated _, September Q. 1989 , having a maturity date of September 8 1994 _
<br />in the original principal amount of $ 16,747.04 and any and all modifications, extensions :runty renewals
<br />thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than ors) f- +ereunder
<br />pursuant to one or more promissory notes or credit agreements (herein called "Note "). (b) the payment oframner sums advanced hve.
<br />Lender to protect the security of the Note: (c) the per`crmance of all covenants i J-.4 agreements of TrUSiCTW. forth herein; ant±• (dj wt
<br />present and future indebtedness and obligations of 8'orrower (or any of then.:)1 f more than or?) to Lend&. whether direct, indirect;
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<br />absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The t',.ctr> this Deed of Trust and any and all
<br />other docuents that secure the Note or rv.t'r- ,rwise executed in conrection therewith, includ ry hlout limitation guararfeas, security
<br />agreements and assignments of teases -rid rents, sh,aSl be referred to herein ay the "Loan czstruments ".
<br />Trustor covenants and. a,3rees with Lender as foljuws:
<br />1. Payment of fndebtedtm. All indebtedness :x+.):red hereby shall be ; 3it: when due.
<br />2. Title. Tru;:fbr is the owner of the Property, hat, the right and authority to convey the Properly, ar•.4 warrants that the lien
<br />created herr:ii•i is a first and prior lien on the Properly, except for liens and encumbrances, set forth by Trustor in writing and
<br />delivered to Grinder before execution of this Deed of Trust, and the execution and delivery .1I1ih3- Deed of Trust does n(A violate any
<br />crrtract or other obligatir- co which Trustor is subject.
<br />3. Taxes, Asseeemet:tW To pay before delirquea4r; y all taxes, special ast wwak -:ents and all other charges against the Property
<br />a row or hereafter levied
<br />4. insurance. To keep the Property insured against damage by fire, hazards included within the term "extended coverage ", and
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<br />!;ucki other haz4.ds as Lender may require. In amounts and with companies acceptable to Lender naming Lender as an additional
<br />named insun:ti; with loss 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
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<br />hereby before such payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due
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<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 may designate, sufficient
<br />sums toenabte Lender to pay as they faecume due one or more of the following: (i) all taxes, assessments and other charges against
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<br />the Property, (ii) the premiums on the property insurance required hereunder, and (iii) the premiums on any mortgage insurance
<br />required by Lender.
<br />6. Makdonanee, Repairs 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
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<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 in or upon the Property in violation of any law, ordinance, or regulation; and shalt pay and
<br />promptly discharge at Trustor's cost and expense all liens, encumbrances and charges levied, imposed or as3essed against the
<br />Property or any part thereof.
<br />7. Eminent Domain. Lender is hereby assigned all compensation, awards, damages and other payments or relief (hereinafter
<br />"Proceeds") in connection with condemnation or other taking of the Property or part thereof, or for conveyance in lieu of condemna-
<br />tion. Lender shall be entitled at its option to commence, appear in and prosecute in its own name any action or proceedings. and
<br />shall also be entitled to make any compromise or settlement in connection with such taking or damage. In the event any portion of
<br />NBC 34511Nanowtculturet oeeo Rev 10/89
<br />19BB PIS' .anlleentto/ Commerce ?lust andSev:NaAttoculra" UnCo'n Nebfulke
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