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<br /> ACKNOWi.EDQERAENT OF pEED OF TRUST gg� ♦
<br /> TRUSTOR RF1►D THIS 6EFORE SIGNINQ: '1 O ar.�S�8
<br /> Trustor��nqentandK tnat Me document thet Trustor i�about to execute Ia e Deed of T�uat and no!a mortgayA and that the power
<br /> � �f sal�ptovldMd fo�in fh��eed cf Truat pv�vldas substantidlly ditterent rlphts end obNpeiton�i�Trust�r tht�n a mott�e�o in the event
<br /> � ot a d�taul!or bf�ach a!obllQ�tian under the Deed af'�rust,tnctudin�,but not ilm{ted to,tha l.end�r's rlflht to have Ihe Prpp�rty eold
<br /> f � by M� Trustee wlthout eny judiciai procee�inp. Truetor represents and wa►rpnt!th�t ti�is knowl�dflemen!was executed by
<br /> Yruato►belo�e th�ex�cut+on of ths Deed ot Truat. �- 1,� �
<br /> �
<br /> ruator Robert P. Bahan
<br /> � �
<br /> • T tor (Darothy L. Bohan)
<br /> DEED OF TRUST WITH FUTURE ADVANCES
<br /> ; THI3 DEED OF TRUST,la made aa of the 12th dey of� OctoDer , 19 89 by and among
<br /> . tt�eTcuator,Robert P. Bohen and Doro�hy L. Hohan.� husba�d and wi,f,�a�� int tenants wit�+ Yight
<br /> of survivorehip and not as tenanta i.n common
<br /> whoge rnailin�address i� .� � (herein��Truator,"whether onp or more),
<br /> ! the Trustee, �1.11ian G. B1aCkburn. A Member of the Nebraska State Bar Aseociation
<br /> . ,
<br /> whose maiHng aeE�r�ess i� p•0. Box 2280, Grand Island, NE 68802 (herein'�Trustee'q,and
<br /> the Benefici�ry, Ft�p Pnlnta Annlr ,� ,
<br /> whose mafling address�s p•a. Box �507,_ Grand Island, NE 68802 (hereln"Lende�"}. '
<br /> ' FOA VALUABLE CONSIDERATION,Including Lender's extension ot credit identitied herein to Robert P. Bohsn Snd
<br /> . Dcro�hy L. Bohan. husb�nd and wife (herem"Borrower",whether ane or more)and the tru9t herein create�i, �°
<br /> • the c�eipt of which Is hereisy acknowledged. Trustor hereby irrevocably grants, transfers, conveys and assi9ns to Tru9tee, IN �
<br /> TRUST,WIYH POWER OF SALE.for the benefit and secunry o1 Lende�,under and�ub�ect to tha terms and conditions he�einafter set
<br /> forth,tha�sal propery,deacnbed as follows.
<br /> . � ' �
<br /> Lote Eight (8) and Nine (9), in Block Z�elve (12), Baker's
<br /> � ..,„...-- -- - - - - _ . --
<br /> - - nuuauvta w �isC i.i'ty oi �srell� I9Ian0, t�a�.i Gounty, N@DrA8k8
<br /> Topether with ell buildmgs, improvements.lixtures,streets,alleys, passafleways,easemeni�,rlght9,privlleges and appurte-
<br /> nancea Ioceted thereon or in anyw�se pertainmg thereto,and the rents,issues and protits,reverslons and rema�ndera thereof,and
<br /> such personal property that is attached to the improvemente so as to conat�tute a}ixture,includinp,but not limited to,heatlnp and
<br /> , coai��equipment;and topether with the homestead or marital interests,i}any,which interests ere hatehy reteaaed and waived;all
<br /> of which,includin�replacaments and additions thereto,is hereby declared to be a part of the real eytate secured by the lien of thi9
<br />, Deed of Trust and all of the forego�ng being reterred to herein as tho �Property".
<br /> , , Th�s Deed of Truat shall secure ia)the payment uf the pr�ncipal sum and Interest evidenced by e promissory note or credlt
<br /> a�reemeM detCd _.QCtQber 12� 1989 ,h�ving a rnatunry date ot Ar tnh r 19� 19A4 _,
<br /> �
<br /> m the originel principal 2mount of S 10.050.00 .and any and all modificationy,extensions and ►enewals
<br /> thereof a:lhareio and any and all future advances and readvances co Borrower (pr a�y ot them i1 more thdn one)hereunde�
<br /> pursuant to one o�more promissory�otes or credit agreements(here�n calle�"Note");(b)the payment of other sums advanced by �
<br /> Lender to protect the security o1 the Note;(c)tAe pe►tormance ot a!I covenants and agreements of Trustor set tonte herein;end(d)ell
<br /> present and future indebtedness and oblipations ot Borrower(or any ot them�f more than one)to 4ender whether dlreCt,indirect,
<br /> absolute or contingeat and whether aris�ng by note.guaranty,overdraR or otherwise.The Note,tris Oeed o1 Trust and any and all
<br /> � otfie►doCUentstl�StseCUre the Note or othgrwise exvcuted�n connect�on therewith,inC.uding without limitation guarante3s,seCUrity ' -
<br /> e�reemenls and assignments of feases and rents,s�all be referred to herein as the"Laan Instruments".
<br /> truStpr COVen8llt9 8Rd 8gre99 wdh Lender aS fOilOwS. ����
<br /> t. ParmN►t o1lnd�bt�dnNa.Ali indehtedness sec�rad hereby shaU be pa�d•+v��sen due.
<br /> 2. Titl�.Trust�r �9 the owner o}the Pro�erry, has the right and a�!horlty to convey the Prape�y,and warrants that the lien
<br /> created hereby Es a firat and prior lien on the Property, except for �:�ns and encumbrances se4 torth by Trustor in writing�and
<br /> delivered to Lender betore executian af thts a�eed oi Trust,and the exe�ution and de��vmry ot this Qeed ot Trust doss not violate any
<br /> Coss��C!or othe:abEl�82ion!a v:hicle Trustar�s suh�sct
<br /> 3. taxN,AsMSN�Nnb.Ta�ay before detirquency aq?taxes,special assessments and atl o�her cha:ges against the Property
<br /> now-or hereafter Iewed.
<br /> 4. Itfwrane�.To keep th�Prope►ry msured against demage Oy f:re�.Y�aZaros�ncluded w�thm th�tecm"extenAed coverage".and .'
<br /> such other hazards as Lender may require,m amounts and w�th compan�ey acceptable to Lender naming Lender as an additional
<br /> nan�i insured,with�oss pdyable to the Lender.In case ot loss under such polic�es.�he Lende+iS authonzed to ad�ust,Collect and
<br /> co�r.gromise�,all cl8lms thereundar and shall have the opt�on of applying all or part a(.t�e insurance proceeds(�)to any mdebtedness
<br /> SmCU�ed he�oby 8nd in auch order as Lertder may determ�ne,i�i)to the Tiustor to be�.sed for 2he repair or r9sto►ation of the Property
<br /> or(iiij ft7r t�ny other purpose or ob�ect satisiactory te Lender wrthout aNecUr�g the tien of th�s Deed of 7rust fot ttie tuU amount�ECUred '
<br /> herpby befere such payment Aver took place.Any appiicat�on af pracee�s to mdebtedness shall not extend or postpone the due �
<br /> date o1 any psyments ttnder the Note.or cure any default thereunder or hereunder.
<br /> 5. Eottow.Upon wriKen Qemand by Lender.1'rustor shall pay to Lender,in sucn marener as Lender may des�gnate,suH�cient � �
<br /> suma 4o ensbte LenCer to pay as thoy become due one or more ot the tonow��g (��aIl taxo5,assessments and other cha+g�s against �
<br /> tto�PrcyptaAy,(ii�the premwms on the properry�n�uranCe requ�rpd hereunder,and i��0 the premiums on any mortgago insurance
<br /> �+eQusred by LenOer
<br /> 6. MaMlrna��, R�itrs an�d��np{�snc*w�th Laws. Trustnr shati kee�the Property in good conclition and repair. sh&II
<br /> � promptJy r�pltir, ar replece any �mprovdment which may be damaged or destroyed, sha11 not commit or permit any waste o►
<br /> det�r+OrQtiGn o}the Propg�ty,5+��lt not remove,demo��sh or sub5lznti8lty alte►any o1 Ihc� �mprovemonts on the Prop�►ty, shell not
<br /> cammit,sttHer qr pdrmit eny 8c110 O4 dont�m ar upon thg F'roprlrry in v�oWtion ot any law ordinancQ,o��egulat�on.hnd shali pay and
<br /> prnmptty a�sc�erge at 7rustoi�m cosi and e�cpanse all ner�c,oncumhrancos ar�d charges iev�ed.�mposed ar assessed ngamst tnm
<br /> P�oM►►N or any Prrt tfiert!o1
<br /> 7 �min�ni DOwtiNf.INnOP.r i9 nyrppy pS9i9hEd�II COmnOngpf�ph,aw3�ds.damageS 8nd othp� p3ymEnls o� r��liCf(hpifintiR�3t t'�
<br /> ProceeQx'1�n tonne�LOt�WRT1 G:1�ddffl►tahOtl Ot(�th�t tilki�(f pf IY�p PrUpO�ty Ur A3rt th0►COf.Ot Ipr GUnv�yJ��C�in I�CU Uf CJndQmn��• �" °,
<br /> I�S:n Cf�flCIHr RhA::t1E£71'iUt!Gd Fit d!1•9pt�pn t0 G�mrntriL'0 c*,pptltli tn�n;A�rUS(3L'uf� ,n if9 C�vin namU �ny �t:bOn Or �;rUC:CBt1�n(j9 :u�d
<br /> ;1�;1it f11EC.�WJ 0nt,ltf�d�U m7iti�Ci�i� G!�ntprsytrr;n U��Ott!Ot�A��l�h CU�'RBt 1iCii Y.�rt•�.uCh f8k�nq�r ddn'+7q4! In IhL'f�vE)�71 8ny�i�nUt•'�Of
<br /> NM 9�S!�h:.�y�.�^ ��.!�w',R�,"� !+f
<br /> �'MM4a� .rs�Na�a��• . •-r�.�����it,q':s. gs0.cc..a•.. � �. ..-. Nc^,sca♦ / ._'
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