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<br />ACKNOMMOEMENT OF DEED OF TRUST !
<br />TRIMOR RM T SEFORESf10 *a - i05441 TM
<br />Truster urtdsrtthrtels tha>f 1M document that Trt»tor h about b execute b a Oesd of Trust and rtot a nwrt>oga flits tt►at the power
<br />of sale provkled for b the Deed of TnM povMm autfa kntiWly different right and obligations to Trustor than a Ittatrtape b the event
<br />of a dslault at breach of obligation under the Deed of Trust including, to, the Lenders right fie haw the Property, soles
<br />by ftM without any judicial proceeding. Trustor npraeents nd w his that this acknowledgerrertt was exacubd by
<br />T •,teebliort tte Mast Of Trwt — — - - - _-
<br />(PAW R. (Venftth B. mark# T
<br />j iOCi L. air N • ( 1 IN A. Clark, Truaor e
<br />i DEED OF TRUST WITH FUTURE ADVANCES
<br />} THS DEED OF TRUST is made of th 12th Seateetber
<br />u e day of , 1g. by and among
<br />the Trustor Verk'1lth E. Clark Phyllis A. Clack, and WHO & Rory R. Clark & Loci L.
<br />C1wk, Husband and Wife
<br />whose mailing address is -- 102 M- Athp. Mand I„gaand, NP FAml (herein "Trustor." whether one or more),
<br />Me Trustee, —Wi U lam_ G. Bl a jdywn, a member of the NE State Barr Asm.
<br />whose mailing address is P.O. Box 2280, fund Island. �' 68802 (herein "Trus4r,Mit i. and
<br />the Beneficiary, Five Paints Bank
<br />whose mailing address is P.O. Box 1507. Grand I9landr, NE 68802 (herein "Lerxwj.
<br />FOR VALUABLE CONSIDERATION, including Lender's extensive 61 credit Identified herein to Venneth B• Clark & FhYllis
<br />A. Clack,. Husband and Wife & Roxy a. clat c &
<br />rscNpt of whkh Is (herein "Borrower", whether one or more) and the trust heroin - created,
<br />eby acknowledged. Trustar hereby irrevocably grants, transfers, conveys and assigns to kseas, IN
<br />TRUST. WITH POWER OF SALE. for the benefit and security of Lender, under and sub ject to the terms and conditions hereirt'aCterset
<br />forth. itm real property. described as follows;
<br />FI~acticml. Lets Plow (4) and Five (5)r, in Fractional Block Ten (10), in Bormie Brat:
<br />Addition to the City of Q:and Island. Hall Cotmty, Nebraska
<br />commedy known as 1623 West 4th, Grand Islanc6 NE
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurte.
<br />nances 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, including, but not limited to. heating and
<br />cooling equipment; and together with the homestead or marital interests, if any, which Interests are horehy released and waived, all
<br />of wbint., including replacements and additions thereto, is hereby declared to be a part of the real estate secured t:y the lien of this
<br />Deed of- Trust and all of the foregoing being referred to herein as f±re "Property ".
<br />T hlis Deed of Trust shall ri9iRure (a) the payment of the principal spin and interest evidenced by a prom;4arri.nefe ci credit
<br />,grtloment dated 9/1Z4M . having a maturity date of
<br />In the original principal emount of $ 10.Q00.00 , and any and all mociificitttons, 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 othtir stems advanced by
<br />Lenx*1 to protect the security ef- the Note; (c) the performance of all covenants and agreements of Trustor set i dip'lterein; and (d) all
<br />present and future indebtedness. and obligations of Borrower (or any of them if more than one) to Lender whether direct. Indirect,
<br />absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all
<br />other docuents that secure the Note or oth"fse executed in connection therewith, including without limitation guarantees, security
<br />aSreMnants and assignments of teases and'rcnts, shall be referred to herein as the "Loan Instruments ".
<br />Trustor covenants and agrees with Leniiar•'an,fc :laws;
<br />Z Tillie. errT or is three owns of the Prop irr�hascthe right eand authorriity to convey the Property, and warrants that the lien
<br />created hereby Is a first and prior lien on the Property, except for lions and encumbrances set forth by Trustor In writing and
<br />delivered ttf Lender before execution of this Deed of Trust and the execution and delivery of this Deed of Trust does not violate any
<br />contract or other obligation to which Trustor is subject_
<br />3. Taxes, Aasomememig, To pay before delinquency all taxes, special assessments and all other charges against the Property
<br />now or hereafter levied.
<br />e. Ittetranee. To keep the Property insured against damage by tire, 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 (Q to any indebtedness
<br />secured hereby and in such order as Lender may determine, (u) to the Trustor to be used for the repair or restoration of the Property
<br />or ( iii) for any other purposeor object aatisfactar� to Lender without affecting the lien of this Deed of Trustfor thefult amount secured
<br />hereby before such payment ever took place. Any application of proceeds to Indebtedness shall not extend or postpone the due
<br />daM of any paymertb under the Note, or Cuts any default thereunder or hereunder
<br />5. Ltcraw. Upon writNn demand by tender, Trustor shall pay to Lender, in such manner as Lender may designate, sufficient
<br />sums M enable Lender to pay as they become due one or more o! the following: (I) all taxes, assessments and other charges againat
<br />the Pre[u (jj; �t!l.P"�tnlJ11l�Qdy snout enc6 reyuireci hereunder. and (ui) the premiums on any mortgage insurance
<br />required by Lertdel
<br />8• Ma�liallaeei+ Repairs and Cillw enee wkh Laws. Trustor shall keep the Property in good condition and repair; shall
<br />promPdY repair, or replace any improvement which may be damaged or destrr yed, shall not commit or permit any waste of
<br />daMriorstion of the Property; shall not remove, demolish or substantially alter any of the improvements on the Property; shall not
<br />commit, suffer or perms anyact to La done in or upon the Property in violation Of any law. ordinance, or regulatron, and shall pay and
<br />Promptly discharge at TruNor's cost and expense all bens, encumbrances and charges levied. imposed or assessed against the
<br />Property or any pert thereof.
<br />7. aWMMt Domain. Lender is hereby assigned all compensation, awards, damages and other payments Or relief (neteinafter
<br />"Proceedf) in conriwban wth condemnation or othwtaking of the Property or dart thereof, or for conveyance in lieu of condemna-
<br />tion. Lender shall be entitled at its option to commence. appear irt and prosecute in its own name any action or proceedings, and
<br />shalt also bei ent'"d to M9ke any COM1510 ISO r r sett=emeni in connection with such taking pr damag(v In the ovoitil any pottioio of
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