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<br />ACKNOWLEDGEMENT OF DEED OF TRUST 89-,0 105440
<br />M"TCR READ rn BEFORE 8010111111.
<br />Trustor tsrfderMands tihttt ter doctafttera that Rill r Is about. so execute is a Dead of Trust and s»i a mortgage and that the power
<br />of soft Wimildad foe in the DeW oll Trust provldee st b orttlaMy diff ent rights and obligations N Truebr ihan a nwnMa in the event
<br />of a default or breach of aihoo l k n axfder the Desd of trust Including, but noLU W to, the Lender's right to have the Property IM
<br />t the T wWad &w judicial proeesdfrin. Trugor mprowite 1war n that this aoknowledgernen! was execuled by
<br />Trtiildr - cf. jte -Died of Tn»t
<br />(Roxy A. Claick, Rusiband, Trustor) (V E. Clark, Trt91101 Husband)
<br />• . r • Trustor e
<br />(Lotri L. Clark, Wife, Trwstor)
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THiS DEED OF TRUST, is made as of the 12 day of Oatober ,19 AL by and among
<br />theThm", Veranai`h_It_ Mmrk r. phy3).lm A- rlArk t►nwhanA 4 fy V j t. �qrr R_ CtaYitt. Liri L�•
<br />Clark, HusbaatY & wife — -
<br />whose mailing addrafstl is 302. ti- NX (herein "Trustor:' whedmw one or morale
<br />the Trustee, an.
<br />whose mailing address is P. O. .Box 2280, Grated ZesJ<Ett ; : HE 68802 -2280 (hereil�. "Ttutf�itral'j� sex!
<br />FIVE POINTS BANK
<br />fife Beneficiary, .. ..
<br />whose mailing address is Graind •aalgnA. HE 6RA&I -11r.07 (tiPrOin'
<br />"lendWq:
<br />FOR VALUABLE CONSIDERATION, inctuding Lenders extension of credit identified herein to Clask &
<br />Phyllis A. Clark, Husband & Wife; is Roars .. R. Clark &
<br />Lori L_ Cline:. _ Husband & Wife (►f%r sin "Borrower whethetr rue or more) and fhA t{ lti herein crested.
<br />the rsceipt of which is hereby r tcicr awNdgsd, Trustor tterel*- irrevocably grants, transfers, conveys and asslt�a to Thame. IN
<br />TRUST. WITH POWER OF SALE, *w the benefit and secunty at:Lyinder, under and subject to theterms and conditt" hereinafter set
<br />forth, the rsal property. described as follows:
<br />The Northerly SO test (11501) of Lot Five (5), Block Twenty (20), Packer & Harr
<br />2nd, Hall County, NZ
<br />Cotttsoniy known as 250 N. Darr, Grand Island, No
<br />Together with all buildings, improvemertx. factures, streets, alleys, passageways, easements, rights, privileges and appurte-
<br />nances located thereon or in anywise pertsirting thereto, and the rents, issues and profits, reverslams, and remainders thereof. and
<br />such personal property that is attached to the improvemer;1a so as to.constitute a fixture, inctudin!�, lac; -1cs.lsnrniled to, heating and
<br />cooling equipment; and togWwr with the homestead or mst�'Al interests, if any, which interests are htt'66y i*ltaded and waived; all
<br />of which, including replacentents,and additions thereto, 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 referred to herein as the "Property".
<br />This Deed of Trap shall sseL!e (e) the payment of the principal sum and Interest evidenced t* a prorru"ry note or—i,—edit
<br />agreement dated —., —,tic . Iavirg a maturity date of ^^tallies sr ) t:v .
<br />in the original principal amount of:-- A,11130-00 and any and all modifications, extensions and renewals
<br />thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one) hereunder
<br />pursuant to one or more promissory notes or credit agreements (herein called "Note"); (b) the payment of other sums advanced by
<br />Lender to protect the security of the Note: (c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all
<br />present and future indebtednow.and obligations of Borrower+or any of them if more than one) to Lender whether direct, indirect.
<br />absolute or confingeat and wheM arising by note, guarartt; dverdlzft or otherwise. The Note, this Deed of Trust and any and all
<br />olh r docuents OW-securethe Note orotherwrsreexacuted :,4 rer..r --lice, therewith. including without limitation guaranteas, security
<br />agreements and aWgirtments of leases and fieniis, shall barMeweG'.to Herein as the "Loan instruments".
<br />TWOW covenants and agrees with Lenc*1 as follows:.
<br />S:, lrstyti" of MdebeadrNq. All indebtedness sece:rrd Irereby shall be paid when due.
<br />2. Twa. Trustor is the owner of the Prcptrty, has the right and authority to convey the Property, and warrants that the lien
<br />created hereby is a first and prior lien on M6 Property, except for liens and encumbrances set fuafh by Trustor in writing and
<br />delivered to LendorbMore execution of this bVivid of Trust, and the execution and delivery of this Deed of Trust does not violateany
<br />contract or othtk otiliption to which Tru= is subject
<br />3..T:anes, Ae rIWMswle. To pact before delirquency ail - taxes, special assessments and all other charges against the Property
<br />now 0, r'tereatirir.lavied. 1.
<br />4. fiMttrart4lex;i kerpthe Prop" insured against dinmge by fire. hazards included wcthinthe term "extended coverage ".and
<br />such other hazards As Lender may require, in amounts and with companies acceptable to Lender.. ns�ming Lender as an additional
<br />named Insured, *Nh loss payable to the Lender. In case of loss under such policies, the Lender lit alltticrized to adjust, collect and
<br />compromise.all claims thereunder and shall have the option of applying all or part of the insurancrt proceeds (i) to any indebtedness
<br />secured hereby and in such order as Lender may determinio, (Ili to the Trustor to be psed for the repair or restoration of the Property
<br />or (0i)fo ► any other purpose or object satisfactory to Lender wi(houtafiecting the lien of this Deed of Trusifor the full amount secured
<br />hereby before such payment ever took place. Any appdcatlon of proceeds to indebtedness shall not extend or postpone the due
<br />dent W any payments under the Note, or curs any default thereunder or hereunder.
<br />S. benw. Upon wrilNn demand by Lender, Trustor shall pay to Lender, in such manner as Lender may designate, sufficient
<br />wore to a istiltI Lender to pay as May become due one or more of the following* (i) all taxes, assessments and other charges against
<br />Life P► Ity. (s, Lhe pry on the pf• oftef P; - MurCn.^.e ccquircd hrrcusd- -., and (iii) ft prom Iuins or, any rsort9W int;u ire rterr
<br />required by Lender.
<br />•. ralrtINtMce. Rs/eMs nti Comlliftnoe w11N Laws, Trustor shall keep the Property in good condition and repair. shall
<br />promptly repair, or replace arty improvernent which may be damagled or destroyed, shall not commit or permit any waste or
<br />dalsriorstion of the Property; shale not remove. demolish or substantially after any of the Improvements on the Property; shall not
<br />cit+rrwrtil, WOW or permitanysel lo be done in or upon the Ptoperty in violation of any law. ordinance. or regulation: and shall pay and
<br />prorhpliy discharge of Trustor's cost and expense all bens, encumbrances and charges levied, imposed or assessed against the
<br />Property or any part thereof:
<br />T GobwO Mefaln. Lender is hereby assigned all compensation, awards, damag" and other payments or relief (hereinafter
<br />"PtocoWs -1 kf connection with corWorrnaton or other taking pf the Property or part thereof, or for conveyance in Iceu otcondernns.
<br />tion Lends shall be rMfitfed at it# option to commence. appear in and prasecute to its own name any action or croceedcngs. end
<br />sRa'I etso be *"tN9 i0 make any Compromise or swWoment ,n conret:t!an with such taking or damage in the event any portion of
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