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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />TRUSTOR READ THIS BEFORE SIGNING:
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<br />90--107095
<br />Trustor underslsindithatthedoeument that Trustor Is about to execute Is a Deed of Trust and not a mortgage and that the power
<br />of sale provided for In the feed of Trust provides substantially different rights and obligations to Trustor than it mortgage in the event
<br />of a default or breach of obllgation under the Deed of True% Including, but not limited to, the Lender's right to have the Property sold
<br />by the Trustee without any judicial proceeding. Trustor represents and warrant t this acknowledgement was executed by
<br />Trustor before the execution of the Deed of Trust f r
<br />PATRICIA 6. VILK111111111111111111
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the 2J?A day ul. -1 6l=Rmbar . iq_ _%, by and among
<br />the Trustor,
<br />whose mailing address Is _-1W (therein "Trustor." whether one or more),
<br />the Trustee, =yT tptQQ IlMl. of Five Points Ems_ a Ne raska Corn. ,
<br />whose mailing address Is B BRnAnVE1 -y tai-I1E ,P n- nnY 15W 68801 (herein ,Trustee "). and
<br />the 9eneliclary. Rw� p.dn4y U9rnk
<br />whose mailing address is P. 0. son (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, Including Lender's extension of credit identified herein to TWHAr, Y_ Vll- xluE0Y
<br />o•TRTrT. {i. vTt K! ,pR (herein "Borrower ", whether one or more) and the trust herein created,
<br />the receipt of which is hereby acknowledged. Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee. IN
<br />TRUST, WITH POWER nF SAI_F., for the benefit and security of Lender, under end subject to the terms and conditions hereinafter set
<br />forth, the real property, described as follows:
<br />Lots Eight (8), Nine (9), and Ten (10), in Block Two (2) in Clarkson's First Addition
<br />to Aida, Hall County, Nebraska.
<br />Together with all buildings, improvements• fixtures, streets, alleys, pessegeways, 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 hereby released and waived; all
<br />of which. Including replacements and additions thereto, is hereby declared to be a pan 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 (a) the payment of the principal sum and interest evidenced by a promissory note or credit
<br />agreement dated — fig —ra, jam - - -- having a maturity date of
<br />in the original principal amount of $ —!' 120 R° , 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) rereunder
<br />pursuant to one or inore promissory notes or credit agreements (herein ca "ed Note"); (b) the payment cl 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 indebtedness and obligations of Borrower (or any of them I I 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 securethe Note or otherwise executed in connection therewith, including without limitation guarantees, security
<br />agreements and assignments of leases and rents, shall be referred to herein as the "Loan Instruments ".
<br />Trustor covenants and agrees with Lender as follows-
<br />1. Payment of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br />2. Tiff @. Trustor is the owner of the Property, has the right and authority to convey the Property and warrants that the Then
<br />created hereby is a first and crior lien on the Property, except for liens and encumbrances set forth by Trustor in writing and
<br />delivered to Lender before execution of this Deed of Trust. and the execution and delivery this Deed of Trust does not violate any
<br />contract or other obl;sa••:o� lo which Trustor is subject.
<br />3. Taxes, Atriesssienb. 7^ pay before delinquency all taxes. special assessments and all other charges against the Property
<br />now or hereafter IevieJ.
<br />4. Insurance. To Keep ilia Property insured against damage by fire, hazards Included within the tevr "extended coverage', and
<br />such other hazards as Lender may 1 aqu-te. ,'h amounls ,Ind with t, umranles acceptable to Lender na.rin3 Lender as an additional
<br />named insured, with loss payable a :he Lender In case of loss under such policies, the Lender Is autno'hzed to adjust, collect and
<br />compromise, all clairristhereuncer and shall have the option of applying all or part o! the w.st.r once proceeds(i) to any indebtedness
<br />secured hereby and In such order as Lender may determine. (if) to the Trustor to be used for the repair or restoration of the Property
<br />or (iii) for any other purpose or object satisfactori to Lender without affecting the I.en of this Deed of Trust for Ine lull amount secured
<br />hereby before such payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due
<br />date of any payments under the Note, or cure any default thereunder or hereunder
<br />5. Escrow. Upon wriLen demand by Lender. Trustor snap pay to Lenaer. in sucn f•'dr 1W to* Lw',ih3i 1„ar des.g.-.os,
<br />sums loanable Lender to pay as they become due one or more of the following- i) a: i taxes. assessments and other charges against
<br />the Property. Ili) Me premiums on the property insurance required hereunder. and (Ili the premiums on any mortgage insurance
<br />required by Lender
<br />6. Meintsnanee. Relpaire and Compliance with Laws. Trustor sna: weep ire Property In good ccndition and repair, shall
<br />promptly repair, or replace any •onprovement which may be damaged cr destroyed. snal: not commit or permit any waste or
<br />deterioration of the Property. shaft not remove, demolish or substantially alter any o! 1r,v mpf= vements on the Property; shall not
<br />commit suffer or permit any act to be done in or upon the Property in violation of any law. c,J -ante. or regulation• and shall pay and
<br />promptly discharge at Trustor's cost and expense all liens. encumbrances and charges tevled -nosed or assessed against the
<br />Property or any part thereof.
<br />7. Eminent Domain. Lender is hereby assigned all compensation, awards. dar«ages a ,, d ctner payments or relief (hereinafter
<br />"Proceeds") in connection with condemnation or other taking of the Propety cr part fnerec' cr far caweyance in lieu of condemna-
<br />tion Lender shall be entitled at its option to commence. appear in and pr` ,3see l.re Cwn name any action or proceedings. and
<br />shall also be entitled to make any compromise or settlement in connection J ,tn suVl tau rg or damage In the event any portion of
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