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<br />• ACKNOWLEDGEMENT OF DEED OF TRUST 90-106510
<br />TRUSTOR READ THIS BEFORE SIGNING:
<br />Trustor understands that the document that Trustor is about to execute Is is 0e0 of Trust and not • rnoNisp and that But power
<br />of sate provided for In the Deed of Trust provkles substantially different rights and chligations to Trustor than a moftpege 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 tha Trustee wit~tout any Judleteit procesding• Trustor represents end wartents that this acknowMdgement was executed by
<br />Trustor before the execution of the Deed of Trust.
<br />T)ustor��,,(Jim L. Buck)
<br />Trustor (Linde L. Buck)
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />T141S RI-D OF TRUST. Is made as of the- Ath day 10- 0— by and among
<br />"Truslxti:. Jim L Buck and Linda L. Buck, husband and wife, each in izis own right and as
<br />spouse of the other
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<br />whose mailing address, is w r;t 4 7.ni a acinrP' QrUndend, NE 68803 (herein "Trustor;' whether one or more),
<br />the Trustee, Five Points Bank, A Nebraska Banking Corporation
<br />P.O. Box 2507, Grand Island, NE 68802 hereto "Trustee', and
<br />whose mailing address Is (
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<br />the Beneficiary. Five Points Bank, A. Nebraska Corporation
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<br />whose m, 11ing address is P.O. Box 1507, Grand Island, NE 68802
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<br />POR. `Yla,ZUABLE CONSIDERATION, including Lender's extenw:an of credit identified hereirt t:a• Jim L. 13rtsig, ti<rtci
<br />Linda L. Buck, husband and wife (herein `SoTcweel, whether one or morel and the fuiJ.st herein crewed,
<br />the receiM of which is,hereby acknowledged. Trust(= hereby irrexomsSy grams, transfers. conveys and simq"rs to Trcis hee; IN
<br />TRUST, y't7TH POWER OP SALE, for the benefit and security of Le?d:�.. u,.7d0i a�Td-sulzject to the termrsand crsndbrars ttereirefar r set
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<br />forth, no real property, described as follows
<br />Lots Twenty -Seven (27), Twenty-Eight; `ZiV., Tuettty -Nine (21 and Th irt:y
<br />an Reutings First Subdivision, Hall Wmty, Nebraska
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<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurte-
<br />nances (orated thereof, or in anywise pertaining thereto. and the rents. Issues and profits, reversions and remainders thereof, and
<br />such personal property that is attached to the improvements so as to constitute a fixture. Including, but not limited to, heating and
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<br />cooling equipment: and together with the homestead or marital Interests, of any, which interests are hereby released and waived' all
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<br />additions thereto, Is hereby declared to be a part of the real estate secured by the lien of this
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<br />of which, Including replacements and
<br />Deed of Trust and all of the foregoing being referred to herein as the "Property".
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<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a promissory note or credit
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<br />agreement dated Nevemher 8, 1990 having a maturity date of November 8, 1995
<br />In the original principai amount of $ 8,920.50 and any and 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 tea one or more promissory notes or credit agreements (herein called "Note "); (b) the payment of other sums advanced by
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<br />Lender ito protect the security of the N2u_; (c) the performance of al l covenants and agreements of Trustor set forth herein; and (d) all
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<br />present and future indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect,
<br />absolutp or contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all
<br />other docuents that secure the Note or otherwise executed in connection therewith, including without limitation guarantees, security
<br />agreements and assignmreris of teases and rents, shall be referred to herein as the "Loan Instruments".
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<br />Trustor covenants and agrees racsix% Lender as follows:
<br />1. Payme of Indebtednvo.. 141 :indebtedness secured hereby shall be paid when due_
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<br />2. Title. Trustor is the owner of- 0,e Property. has the right and authority to convey the l ?rQfbedy. and warrants that the lien
<br />created hereby is a first and prier 'her on the Property, except for liens and encumbrances set: trrryt by Trustor in writing and
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<br />delivered to Lender beftre execut9.cr) of this Deed of Trust. and the execution and delivery of this Ueed al, rr- ustdoes not violate any
<br />contract or other obligation to whfco. Trustor is subjg� t_
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<br />3_. Tmeres, Assessment@. To pay bGfare de�rne ucrc: all taxes. special assessments and at) r,.ynercharges against the Property
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<br />now, rr liereafter levied.
<br />4,. lrrlGlt'anee. To keep the Propetty-insured a{);aiiixt Yamne by fire, hazards included withi.n ltir�d:erm "extended coverage ". and
<br />such other hazards as Lender may require. rn a,nrpixw.. and wiMrcompanies acceptable to Lender. naming Lender as an additional
<br />named insured, with loss payable to the Lender. L•n iiVie of loss under such policies, the Lender m authorized to adjust collect and
<br />compromise, all claims ibereunder and shall have Me option of applying all or pail oft :e insurance proceeds(i) to any indebtedness
<br />secured hereby and in such order as Lender may aetermrne. p it to the Trustor to be used for the rtiparr 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.
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<br />5. Escrow. Upon written demand by Lender. Trustor shall pay to Lender, in such manner as Lender may 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 charges against
<br />the Property, (ii) the premiums on the property insurance required hereunder, and (ogt.*ee premiums on any mortgage insurance
<br />required by Lender.
<br />6. Makin nance, 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 comma or permit any waste or
<br />deterioration of the Property; shall not remove, demolish or substantially alter any e1 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 Dens, encumbrances and charges levied. imposed or assessed against the
<br />Property or any part thereof.
<br />7. Emirwd 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. ov for conveyance to lieu of condemna-
<br />tion. Lender shall be entitled at its option to commence. appear in and prosecute in its owes 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 />Wee 3167 (MW4Wt„rnuaJ Do" R.. 10 as
<br />0 19W Web" Err of tomnwe*lrus, OW S@rz. p, A1,tt,auan 4npout W1e8140
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