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ACKROWL60QEMENT OF DEAD OF
<br />TRUSTOR READ THIS BEFORE SIGNING:
<br />.90-106965
<br />Trustor undsrstande that this document that Trustor Is about to execute Is a Deed of Trust avid not a mortgage and that the power
<br />of seta provided for In the Deed olTruet provides substantially different rights and obligations to Trustor then a mortgage In thesvent
<br />of a default or breach of obligation under the Dead of Trust, including, but not limited to, the Lender's right to have the Property sold
<br />by the Trustee without any judicial proceeding. Trustor representsand warrants t� his acknowledgement was executed by
<br />Trustor before the execution of the Deed of Trust n
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<br />DEED OF TRUST WITH FUTURE ADVANCES
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<br />THIS DEED OF TRUST, is made as of the 03 th day of November , 192PL- by and among
<br />Blair Hines, a unaarrfed person
<br />Ithlo Tmiltor.
<br />whose mailing address is 2005 12th Ave. Central City, W 68826 (herein "Trustor ;' whether one or more),
<br />'
<br />the Trustee. Leland B. Jones
<br />::. s;'�'.i::txu,,.•
<br />whose mailing address is 1218 L St., Aurora, NE 68818 (herein "Trustee'), and
<br />First National Bank of Marquette
<br />the Beneficiary.
<br />whose mailing address Is P• Q• Box 39 Marquette, NE 68854 (herein "Lender').
<br />•,� ; ;' ;r ' :.'• ;.
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<br />FOR VALUABLE CONSIDERATION, Including Lender's extension of credit identified herein to stair Hines
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<br />(Herein "Borrower ", wheth pr cne or more) and the trust herein created,
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<br />the receipt of which Is hereby acknowledged, Trustor herret y Irrevocably grants, '.ransrvrs, convoys and assigns to Trustee, IN
<br />OF SALE, for the berofit and security ^.1 Lender, under and nubjew to the terms and conditions hereinafter set
<br />TRUST. WITH POWER
<br />`' .:; •.:�, ^, f y;;
<br />forth, the real property, described as follows:
<br />Lot Three 0), Block Sixty -seven (67) and the lest 2.8 Feet of Lot Two (2), Block
<br />•,;1. , �, �% i
<br />'`' r r ` `',,.. •s
<br />Sixty -Seven (67) in Wheeler and Bennett's Second Addition to the City of Grand Island,
<br />..1;
<br />T
<br />Hall County, Nebraska
<br />Together with ell buildings, Improvements, fixtures, streets. alleys, passageways, easements, rights. privileges and appurte-
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<br />trances located thereon or in anywise pertam,ng 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 hereby released and waived; all
<br />cl which, Including replacements 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 Trust shall secure la) the payment of the principal sum and Interest evidenced by a promissory note or credit
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<br />agreement dated ��2velr�ieT 30, 19K) _. havirg a maturity date o1 �Y 4, 2000
<br />61 ors Y
<br />in the original principal amount of $ and any and all modifications, extensions and renewals
<br />Ihareol or thereto and any and all future advances a n readvances to Borrower for any of them If more than one) hereunder
<br />"). by
<br />; :, :•:t.,
<br />pursuant to one or more promissory .cotes o: credit agreements (herein called "Nate (b) the payment of other sums advanced
<br />Lender to protect the security of the Note; (c) the performance of all covenants and agreements of Trustor set forth harem: and (d) all
<br />present and future indebtedness and obligations of Borrower (or any of them rf more than one) to Lender whether dneet, Indirect,
<br />absolute or contingent and whether arising by note. gua flnty, overdraft or otherwise The Note. this Deed of Trust ant any and all
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<br />other docuents that secure the Note or otherwise executoc i c connection therewith, Indudlng without limitation guara •n;eas,security
<br />agreements and assignments of leases and rents, shall be referred to herein as the '*Loan Instruments ".
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<br />Trustor covenants and agrees with Lender as follows.
<br />1. Payment of Indebtednes7. All Indeweaaess secured hereby shall be paid when due.
<br />2. Title. Trustor Is the owner of the r rc ,.erty, has the right and authority to convey the Properly, and warrants that the I;er'
<br />created hereby Is a first and t.'Ior lien on the Property. except for liens and encumbrances set forth by Trustor in w•dmg and
<br />dalivered to Lender before execution of this Deed of Trust, and the execution and det••re.Iy of this Deed of Trust does not violate any
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<br />contract or other obligation to which Trustor is subject
<br />3. Taxes. Assessments. To pay before delinquency at, taxes. src•c a• assessm- .and all other charges against the Property
<br />now or he• ^Pafla' *vied.
<br />i Mourance. To keep the Property Insured against ca—age tv r ••e - :,_arils IncLiced within the term "extended coverage" and
<br />'
<br />suctr cther hazards as Lender may require. In amounts it v ,x :^ co-oan es acceptae ;e ": Lender, naming Lender as an addltconal
<br />•na ^ed insured, with loss payable to the Lender In case r'• ass I.ndee such polic-es :re _ender is authorized to aap.ist. collect and
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<br />compromise• all claims thereunder and shat) have the o'vn of apzlying all or r art . -" tic- •r13ur ante proceeds I•: to arm "aebtedness
<br />secured hereby and in such order as Lender may determine. (- - � tT •,c- Trustor to re ..sea for t,,;f •era r or restoration of the Property
<br />or (hr) for any vmer purpose or object ,atisfactry to Ler'Cer w,' :-r arrceo ng the lien of this Deed of Trust for the full amount secured
<br />hereby before such payment ever look place Any apes• tar-an ;f ,,,r',,:eeas to indebtedness snail not extend or postpone tree sue
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<br />date of any payments under the Note, or cure any 7erau t rnerPUr aer or hereunder
<br />�r_ .. , .....a.,. .•r. ,. ,e I under .nau RIKi riarP sufficient
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<br />�. CtiCf�. Llfnln wriiurn Uairiiiilu 6o�.:. •,ui.v: �9a:: w. .,............:^ SL'_....�..no. -- -- -- - ..
<br />sums to enable Lender to pay as they become due one or rnre of the following. if) all faxes. assessments and Omer cnarg•Vsagainst
<br />the Property, (i•) the premiums on the property irY- ur3nCe requi(en °rreunder. and 1w) the premiums on any mortgage insurance
<br />required by Lender.
<br />condition and repay.
<br />8. Makirlis inee, Repalvs and Compile wNR Laws. Trustor stall keep the Property m good tit
<br />of waste
<br />promptly repair, or replace any Improvement wh:ch inay oe damaged or des'r�Ved. shall not Cents or permit any ✓share or
<br />deterioration of the Property, shall not remove. demolish or substantially alter any .it the mprovements on the Property. snail not
<br />commit, suffer or permit any ciao be done in or upon the Property in violation c' any taw. ordinance. or regulation. and shall pay and
<br />promptly discharge at Trustor's cost and expense ail pores. encumbrances and charges levied, imposed or assessed against tour
<br />Property or any part thereof.
<br />7. Embtent Domain. Lender is hereby assigned all compensation, awards. damages and other payments or relief thereinafter
<br />"Proceeds) in connection with condemnation or other taking of the Property or part thereof. or for conveyance in lieu of condemna-
<br />tion. Lender shall be entitled at Its option to commence. appear in and prosecute in its own name any action or proceedings. and
<br />shell also be entitled to make any compromise or settlement In connection with such taking or damage In the event any portion of
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<br />kK 74arrNa.ptiR�N O+Mi�w IO N
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<br />OlaaelN4Mi,1aW MCa��wnhip �ro Swnq M.,on,em. l.nccv Mww,
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