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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />TRUSTOR READ THIS BEFORE SIGNING:
<br />Trustor understands that the document that Trustor Is about to
<br />of sale provided for In the Deed of Trust provides substantially diffe
<br />of a default or breach of obligation under the Deed of Trust, Inciud
<br />by the Trustee without any Judicial proceeding. Trustor repress
<br />Trustor before the execution of the Deed of Trust.
<br />90- --100801 =
<br />is a Deed of Trust and not a mortgage and that the power
<br />to and obligations to Trustor than a mortgage In the event
<br />roF ta, the tender's right to ha +a tits Property sold
<br />warrants t1tilkthis askaQwlsdgement was executed by
<br />Trustor
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, Is made as of the 21st day of November to 98 by and among
<br />the Trustor. ngnRUR t MILT M & JUDY • M11-1-11111S
<br />whose mailing address is (herein "Trustor;' whO.Me, rzz Qr mantra),
<br />the Trustee. NT I-1-TAN W MAficwhi_L inn P>asinnT of Five Points Bank, a Nebirm'sik+a Cr7�*l _t
<br />whose mailing address is 2813 111100111 BROADVELL P O BOX 1567 (hgtar. ;Trustee ";.. acid
<br />the Beneficiary, Five Poldts Bank_
<br />whose mailing address is p Q B" t M7 Craed i>rr><ra"& sg - G°°°� -� �?� (herein "Len +iNr x
<br />FOR VALUABLE CONSIDERATION, including Lenders extension of crn:dii: i drr'mkAd herein to f3MMR13E A. POULLICS
<br />s lrnpY T P01111.1AS (herein x4me:her one or more) and the trust herein cream d,
<br />the receipt of which Is hereby acknowledged. Trustor hereby irreuor,, .j sc 'grants, transfers, conveys and assigns to Trustee.'%
<br />TRUST, WITH POWER OF SALE, for the benefit and security of Lender, urrrar and subject to the terms and conditions hereinatew salt
<br />forth, the real property, described as follows:
<br />Lot Eight (8) and the West Half (W}) of Lot Seven (7), Block Two (2), Park Hill
<br />Subdivision, Grand Island, Hall County, Nebraska.
<br />Together with all buildings, Improvements. fixtures, streets, alleys, passageways, easements, rights, privileges and appi,i t2-
<br />nanr•." located thereon 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, inetuding, out not limited to. healing rand
<br />cooling equipment and together with the homestead or marital interests, if any, which interests are hereby released and waived: all
<br />of which• including replacements and additions thereto, is hereby declared to be a cart of the real estate secured by the lien of MIS
<br />Deed of Trust and all of the foregoing being referred to herein as the "Property' .
<br />This Deed of Trust shall secure (a) the payment of the principal sum and Interest evidenced by a promissory note or credit
<br />agreement dated Nov. 21 v having a maturity date of 20, 1M
<br />In the original principal amount of S 311• M AM , and any and all modtfic ii.ans, e)0e-sc:r:.s and renewals
<br />thereof or thereto and any and all future advances and readvances to Borrower (or any of than if mere fair. - ne) "ttere,.nder
<br />pursuant to one or more promissory notes or credit agreements (herein called "Note'): (b) the payment of cr, "+,, : ;ims advanced by
<br />Lender to protect the security of the Note: (c) the performance of all covenants and agreements of Trustor set tzuy r I- +erein. and (dial)
<br />present and future Indebtedness and obligations of Borrower (or any of them if more than one) to Lender ail eu-rr 3irect indirect
<br />absolute or contingent and whether arising by note. guaranty, overdraft or otherwise. The Note, th s. Geed cf Tn,s; and any and all
<br />other docuents thatsecure the Note or otherwise executed in connection therewith, including will-ol it;firr�taaon S,;aranteas, security
<br />agreements and assignments of leases and rents. shall be referred to herein as the "Loan lsglrilm.l;is'
<br />Trustor covenants and agrees with Lender as follows:
<br />1. Payment of Indebtednas. All indebtedness secured hereby shall be paid. -rotten due.
<br />2. Title. Trustor is the owner of the Property. has the right and authority :o convey the Property, and warrants that the lien
<br />cna4j�.d ) tereby is a first and prior lien on the Property, except for liens and encumbrances set forth by Trustor in writing and
<br />-)?)'.Kr�r.e1 to Lender before execution of this Deed of Trust, and the execution and delivery of this Deed of Trust does not violate any
<br />=t:3.c:pr other obligation to which Trustor is subject
<br />3. Taxes, Assessments. To pay before delinquency all taxes, special assessments and at other charges against the Property
<br />now or hereafter levied.
<br />4. Insurance. 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 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. (ill to the Trustor to be used for the iepajt 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 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 hereuncler.
<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. (i) all taxes. assessments and other charges against
<br />the Property. (ri) the premiums on the property insurance required hereunder, and (iii) 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: shalt 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 faro. ordinance. or regulation: and shall pay and
<br />promptly discharge at Trustor's cost and expense all bens. encumbrances and charges levied, Imposed or assessed 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 34571Nonagncullural Dawl Rau 10 88
<br />0 1988 Nananal Bano of Commeme T,vst and Savings Association t.ncam Newaste
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