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Acmowwaewerr,6�'DEED OF TRUST
<br />TFAMM READ THIS S BEFORE SKONG: 89 1 05439
<br />Tnow wdsirsiandis MM V* dwA~ toThsPorlsaWnit to-soculle Is a Deed of Trustand not a mortgage and !that the power
<br />of sal provided for in On Dead of TruelpirwWo su.b@WM1tV.4WWWJ ii" and obligations to TfusWftn isomm%pp in #* swot
<br />ofsd~or bra feat ofoboptionundiw#* Urea of'rrust, 101.44ut not t~ to. the Lenders rIgMto twis the Property sold!
<br />by the T0,ft without &nyfudkAmWWw".Tru Wand w*►a* that this ackr4wWd9en»rtt was executed by
<br />ThWor$OorA pocull9a'+st 1he 9%d of TWW..
<br />E. Clarke,
<br />Trusw
<br />DEFM OF, TRUST WITH FUTURE ADVANCES
<br />THIS DM OF TRUST, is made as c11.#I!v.-.,'P%4... 0 19-B-9— by and among
<br />Valin,niffith E. CIM* & F&Jrtlj'a 1,.' Clark. Mld=nd & Wife & ROXV R. Clark, & XoWi L.
<br />Clarke Hud3wd & Wife
<br />whom mailing address is 107 West 4th, 9MW Island, NIS 6880I (herein "Truster." whether one amore),
<br />the Tndb@. Wi I I liam it.- RlArlr6irnii A —0
<br />whose milling address is P.O. B= 22130, Grand 1sland4. NE 68802 (herein "Trustee"), and
<br />the Beneficiary. Five point.-MR Pal*
<br />whom mailing address is P.O. Box I507* Grand Islands NE 68802-1507
<br />(rerein "I~).
<br />FOR VALUMBLE CONSIDERATION, including Lender's extension of credit Identified herein to IteAM—th E., Clark
<br />A. ;lark,, ausband & I and Roxy R. Clark &
<br />I rip, nT 81-1--Afell Wifa (herein "Borrower", whether one or more) and the trust herein omipi;W,
<br />ft =W 0*o . to hersW,-wAmwIsdged. Truster hereby Irrevocably grants, transfers, conveys and assigns to Trite 'fk
<br />TRUST WITtl P1200 OF SAIM-for the benefit and security of Lender, under and subject to the terms and conditions PereiraW.
<br />forth, the real pt*•. described as follows,
<br />Lit TW (211.r., Me& Wenty (2011, Packer & Barr 2nd Addition to the- City of Grand; Wands
<br />Hall County._ NE
<br />CoMonly knom as 234 North Darr• Grand ISlande NE
<br />Together with ell buildings, improvements, fixtures, streets, alleys. passageways, easements, rights, privileges and appurte-
<br />nances located thereon or in anywise permiring thereto, and the rents. issues and profits, reversions and rema:nders thereof, and
<br />such personal prop" that Is attached to ft improvements so as to constitute a fixture, including, but not limited to, heating and
<br />cooling equipment; and 1op&,iw with the ticimostead or marital Interests, it any, which interests are herehy released and waived. all-I
<br />of which, Including replacenwritwopci additions thereto, is hereby declared to be a part of the real estate secured by the lion of this!
<br />Deed: of Trust and all of the ll�it4qcinq being referred to herein as the "Property"-
<br />Mis Deed qf• TWO shall secure (a) Iliq payment of the principal sum and inferest evidenced by a promissory note r:ltr mfedlt
<br />QW4ww*nt dated 229U mbar 12.: IM9_ having a maturity oalft C.f bctober 5,, 1994
<br />in the original principal remount otS 1111s=00 and any and all modifications, extilln*ons and renewals
<br />lit n it more than one) h#Wounder
<br />thereof or tirwelo and any and all future ijidilances arr�'readvsnces'to Borrower (or any of M �,
<br />pursuant to one or more promissory notesr ar credit agiae-ments ( herein called "Note" 7; (b) the lW1.4Tqen1 of other sums 6&4*14«sd by
<br />Lender to protect the security ott",e Note; W 01's performance of all covenants and aql�ements-&T�: ustor set ftiem herein, jnd (d) all
<br />present and future Indebtedn"a.ar,d obligations of Boriower (or any of them it lift fro Wilan one) to Lender wfmttt er direct Indirect
<br />absolute or Contingent and whothfo arising by note. guaranty, overdraft or olherw!ne The Note. this Deed of Trust and ai-qpidall,
<br />other docuentathat secure the Nola or oth"Ise executed in connection therewith, -.ttcluding with limitation guaranteas,wority
<br />agreements and assignment* of foams and rents, shall be referred to herein as the "Loan Instv'nitints".
<br />Trustor covenants and agrees with Lender as follows;
<br />1. ftywilent of Wlabledraem All Indebtedness secured hereby shall be paid when due.
<br />2. TOO. Truster Is the owner of the Property, has the right and authority to convoy the Property, ariclJ yvaerants that the lien
<br />created hereby is a first and prior lion on the Property, except for lions and encumbrances set forth by,Tnn alor In wri!lng; and
<br />delivered to Lender before execution of this Deed of Trust, and the execution and delivery of lltisDeed of Trust does not viclattany
<br />contract or other obligation to which Trustor is subject
<br />3. Tax". Asaii—ma _11s. To pay before iki(ti*quency.illf taxes, special assessTmanta and W. mner &.e.raos against the Property
<br />now or hereafter levied -
<br />a. lirwxanm. To keep the Property insured against damage by fire. hazards irc),uded within the term'-extended coverage, and
<br />such other hazards as Lender may require. in amounts and with compan. o+:& acceptable to Lender naming Lender as an additional
<br />named Insured, with loss payable to the Lender. In ease of loss under such policies, the Lender in 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. (i q to the Truster to be used for the repair or restoration of the Property
<br />or (iii) for any otheir purpose or object satisfactory to Lender without affecting the lion of this Deed of Trust for The full amount secured,
<br />hereby before such payment ever took place Any appocation of prcceeds to indebtedness shall not extend or postpone the due
<br />deb of any payments under the Note, or cure any default thereundilt or hereunder.
<br />S. lWom a Upon wrawn demand by Lender. Truster 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 Milawing, (i) all taxes, assessments and other chargss against
<br />It--- prov,-_ 10-y' (ii) "M pir emium—A On "_p! . rtwa-axe I _^JU otecl hLIMirder, and (i 1. " I ho Fort.; UM3 or. any ax;- tv.50 ir,:u rancz
<br />required by Lender.
<br />8. NeWdsimm, Repairs and Cowell lance with Law. Trustor shall keep the Peopetty lit good condition and repair, shall
<br />promptiv ►wW►, or teplm& any Improvement which may be damaged or destroyed, shall not commit or permit any waste or
<br />c1lawkwaloori of Me Properly, shall not tillimoviir, deftwish or substanhafly alter any of the irriptovements an the Property, shall net
<br />eoMrrK%MW of permit any sel to be done in or upon the Properly in *4418bw, of any law, ordinance. of regulation, and shall pay and
<br />Piromplify discharge at Truslor's cost and expense *if lions, encumbrances arid ch3rges levied, imposed or assessed against the
<br />Property or " Pan ltww
<br />7 IWAiM CkWnslp, Lv4er ts hereby "signed ail torripensa!wn.,awards. damages and other l:!3,jment4 at celie! (neresnatte►
<br />'-pirociew-lin trumnectlin Wth of other taking of flee F L*%Yemjo, Van the. eci! or for collweiancein I'leu olconde=3-
<br />U)" LW'IW 4110 beentAled at its ogit on td ciumfflarice, appear in and tifcsec,_;1e!,) il9 cvn fiaire any alzVori of proceedingg,and
<br />5Y1111! also be eMXed Ics MAxe any compromise of sel•em(Ml I't t;C11nactio• w4r, stjLll takirg cr damage in the event any pp:l.un of
<br />Cw 1111111111#* *"to r ow &La as. two awotew i Z.. -. &.h r4p
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