|
ACKNOWLEDGEM AT OF DEED OF *ItT.
<br />TRUSTOR MAD THIS IVORE SiGNN* '89105438 --
<br />.: Truaeor urtdensfartds that the docum�rttthat Trttesar is aboutb execute itta<Osrtd txt,7tust anti trot a rmorbage and thatnts power
<br />of.sew pr Moci for in the Dead of That provides %"ar bittfly dfflsfeftt 60 to and 015110 ttlons.to Trustor than a axvigege in theswM
<br />of a dMsttlt or breach of 0bligdion under 9*0eed of Trust inck4% but not�f� ht► :lit* LerAws right b hares lift Property soil
<br />by ilia TruaNe wWwut art)► judieial proceedlrtg, Trtabr represents and w arrMr pkthls scknowleiigement was executed by
<br />T #a- the Deed of TrM 3
<br />(R It Clark, 8vabwW) (VIO=Wttk Eft C..ark, Truster Husband)
<br />i
<br />(LOCI I... Clark, ilia)' (8Ry1Z A. Trustor Clark, Mifs).
<br />DEED OF TRUST Wri'i'{ FUTURE ADVANCES
<br />TM DEED OF TRUST, Is made as of the _ 1339.� by and among
<br />aTrwto: VEM"th X. Clark lull
<br />Cark• 8vsbana 9 Nils- & RmcY R. Clark & Lori L.
<br />Ciiik; Ht>rtA; a Nine
<br />1 whorfnrl(fll_'Ats 1x7 W. 4tt:. �ranrdrr�.1!i� °88801 ;' wh more),
<br />d (herein "Trustor ether one or
<br />rite Tali ;_ �
<br />Allan L!_ 8i iniriy2= M Mj ' IF hm- HE q 'f e Anon,
<br />w is to _ o. Dos 2280.tt3 Ip7,llxxd, ICE 688x2
<br />(heroin `Trustee'•);, earl
<br />} the BematiC}Wy, "fv� 2-In , Ban.k-
<br />vwftosttilling address is P. O. Box t Sol, , CaVn]Z! Island,, BE 68802 -1507 (herein "Lender").
<br />POA VALLIABi.E CONSIDERATION, including. Lenp[er S'extension 46tcredit identified herein to Vdknnpfh F Clark & phyllis
<br />A- ' ;!'.rw&Uk, Husband & Wife; & R=.f P... Clax* &
<br />r na A w f„ > wrain "Borrower", whether one or more) and the trust herein created.
<br />the rya lit . hereby acknowledged; Trustor heir irrevocably grants, transfers, conveys and assigns to TrusOee,1N
<br />�C(of which is her
<br />TRU 1!;,1)!ItJ M POWER OF SAL Efor.the benefit and security tit Lender, under and subjectto the terms and conditions hereir►fdllsr.set
<br />forth. tl► "Peel prop"'. describ"f aft. follows:
<br />The Easterly. Uft -hatlf '• d 4h) of Lot Two (2) , Bloc* , 94, Original , Town■ Hall County, bRebraska
<br />' ! (Coamoniy kttits�rti as 413' ' ffi. tat, Grand Island; �%'t
<br />'i
<br />Together with all buildings, improvemerU. fixtures, streets, alleys, passageways, easements, fights, privileges and appurte-
<br />nances located thereon or In anywise pertatrapi; thereto, and the rents, issues and profits, reversterst,a-hd remainders thereof, and
<br />such personal property that is attached to the improvements so as to constitute a fixture, including; tint not fimlted to, heating and
<br />cooling equipment: and together with the homestead or ma} ^3its: interests, if any, which interests are hereby released and waived; all
<br />of which, including replacements and additions thereto. Is I*76y declared to be a part of the real estate securetr! by the lien of this
<br />! Deed of Tact and all of the foregoing being referred to 1 e"itiss the "Property ".
<br />• ! This Deed of Tt%wa b!, shall secure (a) the payment of the principal ti-of, Ind Interest evidenced by a promissory no* 0 -ea -edit
<br />agreement doled 10/ / having a maturity date of 10/5/92
<br />i In this original principal amount of $- 5, 000 -00 . and any and all modifications, exwx*. 'bns and renewals
<br />thereof or thereb and any and all future ad•a�!r„as a; aadvances to Borrower (or any of them If more than one) hereunder
<br />punupv;t to one or more promissory ,ores or crt :?. agreements (herein called "Note"); (b) the payment of other sums advanced by
<br />LertdpritaNprotee:t the security of tfrt Note; (C)ttie jfarfom:aatt9 of all covenanttl end agreements of Trustor set forth herein; and (d) all
<br />{ preoaert-ptad future indebtednew.'i td obligations of Bormw4e,; (or any of them is' more than one) to Lender whether direct, indirect
<br />i absottte or contingent and whet At' arising by note, guarfr+ty, overdraft or otherwise. The Note, this Doed of Trust and any and all
<br />other docusnts that secure the Now or otherwise executed in connection therewith, including without limitation guarante3s, se"carity
<br />` agreements and assignments Of leases and rwt% shall be referred to herein as the "Loan instruments'.
<br />Trustor covenants and agrees with tendon am follows:
<br />1.• 'PMyrM of McMbbdrAw. .fill indebtedness secured hereby shall be paid when due.
<br />2r• Truster Is the owner' of the Property, has the, flout and authority to convey the Property, and warrants that the lien
<br />Cfeaf$Iti'll rMblf is a firg and pridr lien on the Property, ovm -spt for liens and encumbrances set forth by T(ofilot, to writing and
<br />deli►vtlj to Lender berms execution of this Deed of Trust, and the execution and delivery of this Deed of Trust ogas not violate any
<br />c0h t*Ct or other obligation to which Trustor is auNnt.
<br />i , %- Taxes, Aeaaeatsw* To pay!:uefore oed t'quency all taxes, special assessments and all other charges agstt+vst the Property
<br />now�* Wssfler fair".
<br />4. *Wwranoe. To keep the Pn rty insured against damage by fire, hazards included within the term "extended coverage and
<br />t such COW hazards as Lender may require, in amounts and with companies acceptable to Lender naming Lender as an additional
<br />i named MNUnd. with bas psyable to Me Lender. in case of loss under such policies, the Lender is authorized to adjust cold ,hind
<br />t cexepromise, all claims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness
<br />secured tteroby and In such order as Lender may determine, (0) to the Trustor to be used for the repair or restoration of the Property
<br />of (ia) for any other Purpose or object satisfactory to Lender without affecting the lien of this Deed otTrust for the full amount secured
<br />b rsi y before such payment ever Wok place. Any appimation of proceeds to indebtedness shall not extend or postpone the due
<br />date of any paymenb under ate Note, or cure any default thereunder or hereunder.
<br />S. EsOrew. Upon written demand by Lender. Trustor shall pay to Lender, in such manner as Lender ,may designate, sufficient
<br />atrrns b enable Lender b psy se they become due one or more of the following: (i) all taxes, assessments and other charges against
<br />the PrrAWft Ui) !t!! tw i° tl'!s tf ptrr„p=ty Inru, --rscG raquir" hereunder, dud (iii) fete premiums on any mortgage insurance
<br />required by Lerxter.
<br />S 1111111111 ttanae, lNpa11M sad CetapNartee wM taws. 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 />cohwttib surfer or permit any act to be done in or upon the Property in violation of any law, ordinance. or regulation; and shall pay and
<br />Promptly dacherge at Trunor`s cost and expense all liens. encumbrances and charges levied. imposed or assessed against the
<br />Property or any pert thereof.
<br />I. LubH N 00008Mr. Leader is hereby assigned all compensation, awards, damages and other payments or relief (hereinafter
<br />"ProcNds") M coortection with condemnation or ether taking of the Property or part itiumof, or for conveyance in lieu ofcondemna-
<br />bon. Lender shall be entitled at its option to commence, appear In and prosecute in its own name any action air proceedings, and
<br />!thatl also be entitled to make any comPrOmise or settlement In connection with such taking at darrwge, In the evept any portion of
<br />"K o=*111W 1040 - ..
<br />0 194* Ruwur Uw c3 Cyr "Awto alai, ur SAw" Aw .:wan. t +xcso. NOW400
<br />e -
<br />
|