|
> 2•
<br />AIMMOIWLEDIMBRENT OF DEED OF TRUST
<br />04-00.105344
<br />TFMTOR READ THIS BEFORE SIOMI111 :
<br />Truster undersdrrds prat MM document that TnAW b about b execute is a Deed of Trustand not a mortgage and that the pow
<br />of sat provided for inilwDeedof Trust praMlas rights andobligationsoTmMr than amapagein the avant
<br />of.a delautt or breach of obligation under the Deed of Trust including. to, the lender's right to have the Property sad
<br />by the Trafts without
<br />exsct�itky any rat proceedii�Tr�r W represents m that tMil-acknowledgement was executed by
<br />iThimp"fiti" On Roxy R. Clarice Truator husband) (Y _ C1arianator Husband)
<br />1UNT Claric, TRUE= (ftilid A. Clark Truster Wife)
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS GEED OF TRUST, is made as of the 27th day o 69MOWE 27 : 19W_._a by and ameaE•
<br />t 60 TlusW, Yanneth E. Clark rt Myllis A. Clarke HusbWW Wife A Cl
<br />r 5k1 nee tnaNirtg address lit..
<br />Tool anti. herein " T " whether
<br />'107. W. 4th.. NE ( Wit, one c4 m
<br />q�; r
<br />Trt,agxk, Idilllali r a7 gMi, ai 41 31'.r1@ N�. Std1C�
<br />.�; r.
<br />} ' aho-a mailing address is 220. GMW ljj* s -NE 68802 - (herefrt `1irustei3ry,;re3uul
<br />.G4re Beneficiary, Five EWntra %��r
<br /># whose msiIN address is _ P.O. »1507. Grand Island,. NE
<br />1 FOR VALUABLE CONSIDERATIO inCluding'Lendees extension of credit identified 1,** ire to Yi6i7 aark a
<br />' llfs
<br />A. Clark, Husband E Wife, and RM R. Clark
<br />hf -,It C"Acke h•_* A 4 Heifer (herein "Borrower". whether &K.tr more) and the trustliiiitein creatbd, -
<br />the receii*:driwhich is hereby acknowledged. Trustor hereby irrevocably grants, traris(44-,conveys and assiartli f(x. rusbe. IN `-
<br />TRUST. %1il%T,1 P0WEROFSALE, for tts bw* fitandsecuriyofLender, undRrandsubjecfirntfnetermsandconditicasheiginatlsrset ...i,
<br />forth, the real property. described as (d1dws: VW Wagbgriy Sixty Post (gyp') of Icre. gam (7), Mud 127; Koenig & iiiebe's
<br />j Ilddit*n to Qand lalad, Hall Oxaa )r. Ntebraaira (aaoortly k non as 8101fast Kasra3g, brand Ia;]artd, NE)
<br />This Dead of Zant to givwts to ztatify E awifim a Dead of TnM ziecorded as Doaaant #89-104931 in tits CM uaQ of the _._..._..._.:_
<br />PAgitsbaw Of Me& of Hall Monty, tfebetAlakI6.
<br />i
<br />Together with ell buildings, Irr,p:Twements, fixtures, streets, alleys, passageways, easements, rights, privileges and'appurte-
<br />nances located thereon or in anywise pertaining thereto, and the rents, issues e:-rd profits. reversions and remalriders thereof, a ri .
<br />such personal property that is attached to the improvements so as to constitgsj- O.fixture, including, btlf -not limited to, heating ardi
<br />! cooling equipment and together with the homestead or marital interests, if any, iihich interests are herehy released anp waived; all
<br />of which, ind:'ft, NV replacements and: additions thereto, is hereby declared to be 's parta0te real estate securrtfit b wlits lien of fttb
<br />i Deed of TrW,and all of the foregoing,' 1*i .g referred to herein as the "Property". i
<br />This Deed of Trust shall secure (a) the payrraMr of the principal sum and Interest evtrx r ced by ii> promissory note or credit
<br />agreement dried _9L1,1L$2.:. , having a maturity date of.. ; 9115199 ,
<br />f.
<br />In We original principal Amount Of $ 30a 000.: and any and all to difications, eWensione and renewals
<br />thereof or thereto and any and all furore adtiart.mat, and readvances to Borrower (or any Of them ih'inore than one) hereunder
<br />on
<br />pursuant to e or more promissory Motes or credij: rflreements (herein called "Note); (b) the paymor� -oi other-sums advanced by
<br />t lender to protect the seds vlfy of the Note; (c) the pit iermance of an covenants and agreements of Truman set forth lioreln; and (d) all
<br />present anti future indebtedness and nawligations of Borrower (or any of them i1 more than one) to Lender whathordirect, indirect
<br />f absolute ortaintingent and whether }tree; i; by note, guaranty, overdraft or otherwise. The Note, this Deed of Truui•and any and all
<br />ottwdoicuart sthat secure the Note or z"rwise executed in connection therewith, Including without limitation guarantees, security
<br />aoreentertta and assignments of leases and rents. shall be referred to herein as the "Loan Instrurnenls'
<br />' Thator covenants and agrees with Lender as fo*.fows:
<br />T. Pane of IndebNfleeeo. Ali ,indebtedness secured hereby shall be paid when due.
<br />2, TNW+, Truster is the owner of.1he Property, has the right and authority to convey 11110 Property. and warrants that the lid!tr
<br />•: created tieitr tsy is a first and prior lia+n on the Property, except for liens and encumbrgnr)es set forth by Trustor in writing and
<br />delivered to Lender betoreexecution of this Deed of Trust, and the execution and delivery of this Deed of Trutt aloes not violate any
<br />contraet or other obugltlion- to which Trustor Is subject
<br />3. Tease. AseeeeaNrsis. To pay before deiirquency'all taxes, special assessments and all other charges against the Property
<br />now or hereafter levied.
<br />.• 4. howenoe, Tokeep the Property insured againstdamage by fire, hazards included within the term "tlxtended coverage ",arid
<br />such other hazards as Lender may require, in amounts and with companies acceptable to Lender: naming Lender as an additional
<br />narned insured, with loss payable to the lender- In case of toss under such poltrres. the Lender is authorized to adjust coltect sar-d
<br />cornpromise, all claims thereunder and shall have the option of applying all or part of the insurance proceeds, (i) to any Indebtedness
<br />secured herstry and in such otheer as Lender may determine. (n) to the Trustor to be used for the repait or restoration of the Property
<br />Of (Afor any other purpose or oboct satisfactory to lender without affecting the Tien of this Deed of Thist :'ot the full amount secured
<br />hereby bsilas such payment aver tonic place. Any application of proceeds to indebtednessr shall not extend or postpone the due
<br />diets of any payment under the Noss, or cure any default thereunder or hereunder.
<br />5. fterew. Upon written demand by Lander. Trustor shall pay to lender, in such manner ws Lsndermay designate. sufficient
<br />Kw a to enable Lender to fay as they become due one or more of the following (r) alf taxes. asses:sinentt; and other charges against
<br />VW Prottarly_ (.q CAR promiy" net tfte pror-ir�t� inr�gance !- ir_.d h�G:i• ^1181. a ^� (i::i :!'� Q'CfStiatrFS Lri •edCji iRBrt�'s�jv iiiSiii3.,z
<br />required by Lender,
<br />S. MrriM111 WIM Nepetra and Cewrpianoe wllh Laws. Truster shall breep the Property in go-id condition and repair; shall
<br />promptly repair. or replace any improvement which may be damaged or destroyed: shall nhl- coyn*nill or permit any wasts or
<br />dMarWilil on of the Property; " riot reirrtove, demolish or sutsstantially after any of the wripro'vwis.ollt an the Property. shall not
<br />COMM $Uft Of permit any act to be dorm In or upon tire Property in v: olatiorr of any am. ord+nsnce, w regula!ron. and shall pay and
<br />prdiw0y discharge at Trustor s, cost and expense ali I:ers. encumbrances and charges levied. Imposed or assessed sWinsl the
<br />Property or any part thereof
<br />Y EA1lAMrf Oeasabs. lender =s hereby assigned ate cCml�nsat,an. a+vards. dsn?ages 3-tdoil�er t:avmenis or res:ef troreratie►
<br />"1JrOGaetie`
<br />I"' (:o rI40ors Witt, COnaMMr.At.r•. Or Other 1Skin3 of tr:e Properri or part t!tamot, or for conveyance rr.lieu of ccviden -ma.
<br />Mort LersdW sRa!f be erTt'ed At its opt: Un to cornrr,enco. avffear in ar•:1 vrosecute in is own name tiny action or proCeedtngg, and
<br />~alto be fns c-ad to tr-akeail comptcrn,se or sett'errent in carre;ition with suers maK,rj or damage In the event nny yQrt urn of
<br />O ti�Yww+wawoe:j.•mr: t,:yaau�e6ark_ypau <,yc_z i -..x: srCao�a t .
<br />s
<br />,
<br />It
<br />i _.
<br />
|