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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />... 105442
<br />TRUStOR READ TM W-FORE SIGNING: Moot
<br />Truaw urrdsrowW* that tfw doeumer>t Iftat Tnmiw is &bolo to execute Ion Deed of Trust and W a mortgage and tf* ow power
<br />of sato provided Win the Woof Trusi provides subs4ntiaHy different rights and obligators to Trusbr tt ni a rrr w%"a in the emit
<br />of a default a breech of obQgation under the Deed of Trust Including, but to, the Lertder's right to have the Property sad
<br />by the True" without any judicial pioasdirhg. Trustor represents r44fariant that this acknowlldgemen! was sxeauNd -by
<br />TruMor tfheexeci,lort of tfte t)aed of Trust
<br />(Uff R. i. ) EV 8. Trustor C ark, Husband)
<br />` s j - t yli A. Trustor Clarks Ulffel
<br />(LOCI L. Clans, Mitt)
<br />DEED OF T.Rust WITH FUTLI"DVANCES
<br />TMS DEED OF TRUST, Is made s,ttj tthe —day of Data r ° 19 89 by and smorp
<br />tho Trustor, Venneth E. Clark ; '. , � s . A. Clarks Huabau� to - Vij ;f; : " RoW R. Clark & Lori L,.. Clark, '
<br />'.gusbattd and wife r
<br />107 tf. b. ,>�a Island NE.
<br />{ *1?100 nlailing addrestl Y • : 4. therein Trustor, whether one or ffldc�t}�,;;..i
<br />tilt Trustee: Yi11 a� C._ Bt�e iam4��..r3 f^ �)vr 1w�,tha lit tat:! Hai' Amen.
<br />2280 —2280 is P o • • *ft" maiift N! 688t2
<br />(herein "Tier 4ere "Jr xt
<br />Beneficiary.
<br />Points Bank
<br />;.
<br />whose mailing address is a_ n_ Say Ira "r rarr7 a t� a =a� 68802 -150T (herein "Lender'),
<br />Venneth E Clark & Phyllis
<br />F09 VALUASM CONSIDpERATION 'ncludi dens exbension of credt identified herein to y
<br />r A. Clark, husband &Wits; & 'k�oxy ;.`latzk &
<br />cart !Arks (hsre'rr': "Borro+Aw';iwhether one or moreJ;V.Id•the trust herein created,
<br />the receipt, of which is hereby acknowiedged, Tciytor hereby? ,4,:6ocably , alms, transfers, conveys and assigns to trustee, IN
<br />TRUST. WrMPOWER OF SALE, for the benefit and security of Lander, under and subject to the terms and conditions hereinafter set
<br />forth. the real property. dedcribed as follows:
<br />_. The Easterly oaar -third EE 1/3) of Lot Three (3), Hiock a, Original Town, Hall County,
<br />NE
<br />(commonly known as 315 West tad, Grand Island, NE)
<br />Together with ell 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 />F 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 hereby released and waived. alt
<br />of which, inciuding reptocements and.atJditions thereto, is hereby declared to be a part of the real estate secured by the lien d this
<br />Deed of Trutt and all of the foregoing ibeing referred to herein as the "Property ".
<br />This Deed of Trust J secure (a) the payment of the principal sum and interest evidenced by a promissory note or credit
<br />10/2/69 tits /ea
<br />� .apresment dated , having a maturity date of ,
<br />{ in the original principal amount of s i9%ggp, gp. ,and any and all modifications, extensions and renewals
<br />thereof or thereto and any and all future r advances and readvanees to Borrower (or any of them it fore than one) hereunder
<br />pursuant to one or more promissory notes or credi.f agreements (herein called "Note "); (b) the payment of tether sums advanced by
<br />fLartder to protect the security of the Note; (c) the pitta +dance of all covenants and agreements of Truskiraptforth herein; and (d) all
<br />present and future indebtedness and obligations c(l arrower (:cr any of them it more than one) to Lenc*'whether ¢ifect, indirect,
<br />absolute or contingent and whether arising by note, guaranty. rwierdraft or otherwise. The Note, this Deed of Trustartd'any and all
<br />i ottwdocuents that secure the Note on "r."_herwise exocuted in connection therewith, Including without lim fation guaranteas, security
<br />agreements and assignnWts of leases and rents, shall be referred to herein as the "Loan InstrumeRtai'.
<br />Trustor covenants and regress with Lender as follows;
<br />I. Payrrtsrtt of Mdsilttirisee , Ali rrhdebledness secured hereby shall be paid when due.
<br />2. TO*. Trustor is the owner. eflha, Property, has the right and authority to convey the Property, and warrantit that the lien
<br />i created hereby is a first and prlar•libri nn the Property, except for liens and encumbrances set forth by Trustor in writing and
<br />delivered to Lender beforo axecu!rvi t this Dedd o! Trust, and the execution and delivery of this Deed of Trust does not violate any
<br />contract or otter obligaifwn: to which Trustor is uubject
<br />3. Tasse, As- - - - me I i To pay before delirquehtry all taxes, special assessments and all other eftarges against the Property
<br />i now or hereafter teviact.
<br />e. ktoixerrte. To keep the Property insured against damage by fire, 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 toes payable to the Lender. In can 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 (i) to any indebtedness
<br />secured hereby and in such order as Lender may determine, (ii) to the Trustor to be used for the repair or restoration of the Property
<br />or (ul) for any other purpose or object satisfactory to tender without affecting the lien of this Deed of Trust for the full amount secured
<br />hereby bokm such payment ever took place. Any apprication of proceeds to indebtedness shall not extend or postpone the due
<br />' deft of any payments under the Note, or cure any default thereunder or hereunder.
<br />& See -sIS. Upon written demand by Lender. Trustor shall pay to Lender. in such manner as Lender may designate, sufficient
<br />suns to erm0e Lender to pay as they become due one or more of the following: (I) all taxes, assessments and other charges against
<br />#0 Property. (ii) Ow pra niunu on the property Insurance required hereunder, and (iii) the premiums an my mare inpigrrne.e
<br />toQuirsd by Lerhdeii.
<br />fi. Yai Ahem Oe, llepaNs we Complisnee hwwt Lewis. 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 />dsMrbralion of the Property; shall not remove, demolish or substantially after any of the improvements on the Property; shall not
<br />Corintk suffer 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 />promply dischwge at TrusWts cost and expense all liens. encumbrances and charges levied. imposed or assessed against the
<br />Properly or any part thereof.
<br />7. Eati"Demeb. Lender is hereby assigned all compensation, award& damages and other payments or relief (hereinafter
<br />"Proceeds I in connection with condemnation or other taking of the Property or part thereof. or for conveyance in lieu of condemna-
<br />Wn. Lender shall be entttled at its option to commence, appear in and prosecute in its own name any action or proceedings, and
<br />-shalt also be whtiged to mace any compromise or settlemaint in connection with such taking or damage in tree event any portion of
<br />W +o ea - -
<br />O eau MNivi,rl Mri of cwr -Wcq f"we"%Vrw A"ce'r- nn i ox3tn Newsom
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