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<br />ACKNOWLEDGEMENT OF DEED OF TRUSTQO.10 G 17 5 _ -
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<br />TRUSTOR READ THIS 6EFORE SIGNING:
<br />Trustor understands that Ms document that 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 Dead of Trust provides substantially different rights and obligations to Trustor then 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 Trustas without any judicial proceeding. Trustor represents and warrants that this acknowledgement was executed by
<br />Trj. be, wo tho exr':.."^!i !,f L+!! n.wJ M Taint /� .%
<br />( G ",J) Ll l "'' r •y"
<br />Ricardo C. Alfonso Trustor
<br />Trustor
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the -Gth day . ygtmber , *29— by and among
<br />thisTrustoc, Ricardo C Alfonso, a single person
<br />whose mailing address is 211 S. Pine r - Grand Island NE 68901 (herein "Trustor;' whether one or mora),
<br />theTru tea Five Points Bank, a G�t'(alat;asika Banking Corporation
<br />whose rhailing address 13 P,O. Box 1507 Grand Island, NE 68802 (herein "Trusteel.and
<br />theBeneticlary. Five Points Bank, a Nebraska Bankipq Corporation
<br />whose mailing address is P.O. Box,, 1507 Grand Island, X8. 08802 (herein "Lender').
<br />FOR VALUABLE CONSIDERATION; Leader's exte: ?a -ian of credit ident5fied heTairi to Ricardo C. A 1 f onso ,
<br />a single person therei:t "Borrower ", whethher one or more) and the trust herein created,
<br />the receipt of which Is hereby acknowledged, Trusrcir !:refry v- evocably grants, transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE. for the benefit and sec.a-)ty sf Lla,,ov, under and subject to the terms and conditions hereinafter set
<br />forth, the real property, described as follows:
<br />The aduth thirty (30)feet of lot seven (7), Court House addition to the
<br />city.mf Grand Island, Hall County, Nebraska.
<br />Together with all buildings, imprmement;;.;'fixione-s, streets, alleys, passageways; easements; rights, privileges and apputte-
<br />nances located thereon or in anywise partais i,"19 "x; -eto, and the rents, issues and profits, reversions and remainders thereof, and
<br />such personal property that is attaci*d u.r "u =�3 i:r "ia vsc+'s{ord$ so as to constitute a f:Aure: Inuit :'r$, but not limited to, healing and
<br />cooling equipment; and together with the t:ormesleaix cr. tnaritaf interests, if any, which interests are hereby released and waived; all
<br />of which, including replacements and additions Zne:vin is hereby declared to be a part of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being refermt 01 Merein as the "Property".
<br />This Deed of Trust shall secure (a) the payment of the prindkp:i sum and interest evidenced by a promissory note or credit
<br />November 16 . 990 , trzo -nl a maturity date of November 15, 1995
<br />agreement dated � 9 '
<br />in the original principal amount of $8191-5 *87- and any arid all modifications, extensions and renewals
<br />thereof or thereto and any and all future advances arrd readvarces to Borri dyer, for any of them if more than one) hereunder
<br />pursuant to one or more promissory ne?es or credit agreements firer en called "N @03); (b) the payment of other sums advanced by
<br />Lender to protect the security of the Note; (c) the peiformance of ail covenants and agreements•, of Trustor set forth herein; and (d) all
<br />present and future indebtedness and obligations (rf Scrrower (or any of them if more than one) to Lender whether direct, indirect.
<br />absolute or contingent and whether arising by n©tla, 7.caranty, overdraft or otheirui&e. The Note, this Deed of Trust and any and all
<br />other docuents that secure the Note or otherwise executed in connection thereyurr., including without limitation guarantees. security
<br />agreements and assignments of leases and rents, shall be referred to herein as ti to "Loan Instruments ".
<br />Trustor covenants and agrees with Lender as follows:
<br />1. Payment of Indebtedness. All indebtedness secured herebF shall be paid when due.
<br />2. Title. 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 liens and encumbrances set forth by Trustor in writing and
<br />delivered to Lender before execution of this Deed.af- 7o1st, and the execution ard; delivery of this Deed of Trustdoes not violate any
<br />contract or other obligation to which Trustor is s ibife --t
<br />3. Taxes, Assessments. To pax• be -tare• delinq= -icy all taxes, special assessments and all other charges against the Property
<br />now or hereafter levied.
<br />4. insurance. To keep the Properly insured .r.st damage Ir,% fir -!e:i: awards, Included within the term "extended coverage'. and
<br />such other hazards as Lender may require. in aut;ou his, and with cvirpa ,Ties acs= ptable to Lender, naming Lender as an additional
<br />named insured, with loss, payable to the Lender In, case of loss under such p6w.-Jes, the Lender is authorized to adjust collect and
<br />compromise, all claims thereunder and shall trace the opton of applying all or part of the insurance proceeds (i) to any indebtedness
<br />secured hereby and in such order as Lender may defer. ine• ( Trustor to be used for the repair or restoration of the Property
<br />or (iii) for any other purpose or object swsfactory to tender wialcut: affecting the lien of this Deed of Trust for the full amount secured
<br />hereby before such payment overtook place_ Aug 3.pplication 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 may designate. sufficient
<br />sums to enable Lender to pay as they become due one or more of the following: (() all taxes, assessments and other charges against
<br />the Property. (ii) the premiums on the property insurance required hereunder, and (Ui) the premiums on any mortgage insurance
<br />required by Lender.
<br />6. Maintenance, 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
<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 raw. ordinance. or regulation; and shall pay and
<br />promptly discharge at Trustor's cost and expense all liens, encumbrances and charges levied, imposed or assessed against the
<br />Property or any part thereof.
<br />7. Emktsnt 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 prosec4te 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
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