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<br /> :�-_ _ ACKNOWLEDGEMBNT OF DEED OF TRU87 �� 10 7 4 9 9 ����-
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<br /> . ' ' TRUBTOR RFJ►D TH18 BEFOIifr.81ONING `_=`_-------
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<br /> � ��""�►.;' Truqor undsmm�d�th�t th�docum�nt th�t Tru�tor la about to sxsaute 1�a O«d ol Trutl�nd nol�mortq�p�and Mat the p�w�' _--4
<br /> �+;""�'�"� of a�ls provid�d for In th�DNd of Tru�t providet wb�hnN�lly dllf�reM riqhq�nd abll�tion�to Tru�Wr thm�moRp���In fIN�vM�t
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<br /> � p {�-! +��;-t• ' of a dehult ar bro�ch ol obllpAdon under tha peed ot TrusL I�cludlnp,but nm Ilmited ro,the L�nd�r'�rlQht to hav�th�Pro�ry wfd �'`��,��,=�r==�=•---°--
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<br /> :,, .������ by the Tru�tes without any judlcUl qroce�dfnp.Tro�tor npra�nb�nd wu��nq th�t ihl�acknowl�dpem�nt waa eYsaut�d by r�3,.m
<br /> � _:,:._ Trwror bdon tla�x�oudon ot the OeeA ol True� _
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<br /> ---- --- � � • DEED OF TRUST UUITIY PI�TURE AD1GA�fICEB "' ..""'•-:;.�
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<br /> ='''-�'t:>::._,•`��~� THIS DEEO OF TRUST,fs ma�o as d it�e�3.-daY oA Docembar ,19 40 by and amonQ ' '
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<br />—='��;s�:'-1 . • - ' Jamas A. Stau�a and Groi J. Staus� Snabsnd and �Tf�4 . ,;, ..
<br /> .. -. ` ••: . ..- . tP�Tvvsror. 4079 Stams Road � � '- �—- -_--
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<br /> �•• •? ^r;i rvOw�e mailfnp addrew f� �_�� Ialaad. NE 68903 (hereln "TousGr�.' whethar one or mon). ��.u;
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<br /> • . ;,�'����y��4�N' Five Po;n� B�nk a Nebr��+� AB�Ikiil.g �'•,r.,r�rwtiOn _ � ,°. _ �_
<br /> �1,� 1�R+B�fUtti6. �:rc --
<br /> � d'�l�i�f � � �-
<br /> .. `ti��u �u�; ''� , rv'hose meilinp eddress ia p- �- �+: f�.M_ Gr�d_iniane3� � �Aen2..1507 (herefn"Truetee'7,and .ti,�x,�,
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<br /> •��.,;�'��k�i.;r.'; Uw Beneliciary, Five Poin�a Hank . �_.._..R�:___
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<br /> ;'�';�""�..,��u��n p e aex tsa7 �'���+� is18n�� t� 6ae��-6507 �t�c�ln"Lender'7. -
<br /> .'°�.�;;i:�c�Y�,���., whose mallinp edd�eu Is '�� =-
<br /> J��+,r,��•,s'';. . . ___
<br /> � ,;�'^`- FOR VALUABLE CONSIOERATION,Includlny Lender's sxten�fon ol credlt identifiec�hsre�n to � ^�°A A s�auss�°d '''�'��"�`''�" �
<br /> . 1�; ., -�
<br /> . i ,. .�'.;._ �. . Caroi J. Stsuea� 8uoband & wite (herefn"Borrower".whether ov�e�more)aod the truat herein created. . .;:., r�.;`'
<br /> a� ��•� the receipt oi which la hereby acknowledped,Truator hereby irrevocably graota,translers,conveys and assi9ns to Truetee,IN
<br /> ��,_
<br /> T6iU3T.WITH POWER OF SALE,for the benetlt and eecurity of Lender,under and eub►ect ta t7�ete�ms and conddions feareineite►6e1 -- '�"�'n°==-
<br /> �%r•_���= "--
<br /> — _ . f�arth.the roil property,dasorlbed at followa: �,%�•r'%"���°'._ —
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<br /> .�Cf<q:,�,� in Weetwood Park Subdiviaion. Grand Ialand Hali Count . ;.:.`����:N+4•,1�.;:
<br /> ; ;�•.� Lot Two l Z�, � y � ����.. ,,�'' -
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<br /> r '.1rF,`.f.t..• '.. �•;`.�f.3�::-_=�-�.
<br /> , . „+�fi' �;�];•.�r...�� • ..,irn�_.
<br /> . ' ' Toyether with all buildings,�mprovemeMS,tixtures,etreets,alleys,passageways,easerr.ents,ri�rcts,�nvflepes end appuAe- . �.�, �:'�.,;
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<br /> � nances locatad thereon or in a�ywise perlaining thereto,and the rents,issuea and p►o1�Is.revera:o�s and remeinders thereof,and �:1~� '�;,,
<br /> �� ,, such personal property thet is altached to the improvements so as to conslltute a fixture,In clud3ng.'but not Ilmited to,heatk�g and ���;%�;� .. ••
<br /> �,�t;_._. �',�;. cOOliny equfpment;and together with the ho mestead or marital interests,il any.whfch Interesta a�e ho rehy released and welved;all ; , ,, _V~
<br /> ;.:, of which,including replacements and addl'::aRS itiereto.la hereby declared to be a part of the real esaa s secured by the Ilen of thfs � •• •„••.:� •
<br /> ° . - Deed ol Truat and all of the(oreyofnfl being�;e°arved to hereln as the"Property". � ,„ y;,,;;,;
<br /> .� ; Thla Dead of Trust�hell secure(a)the payment o1 tne principel sum and mterest evidenced by a promlasory note or credit ... : �
<br /> ' apleement deted i]�rta�nhar 27� 14�10 ,haWng a meturity date ol Sapta�nl+wr 27 F 1991 , . s�--.
<br /> .' .�',���. ' � .. � �f�,.;.
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<br /> r���"i a �n.oo ,anrf an and all modihcat.ons,extensions and renewals •.,,
<br /> ,.�'�?°.!:��•"' ;,,. ir�th8 originel pnncipal emount o1 S H.�..9 Y
<br /> •�`' ''��'� �` tfieteof or thereto and any and all luture advances end►eadvances to Borrower(or any ol t�em i'!more than one)hereunde* � � �
<br /> � �f5,��«•_ �,„ '.•,.'„ . _
<br /> : ':•,).;.,..�,,,.,,. .+' •�� �ursuant to one or more promiasory notes or credit egreements(hereln called "Note");(b)the payment o1 other sums edvanced by ;,�!1.•; . �'•�'
<br /> '�'' t��• � Lender to protect the securiry of the Note;(c)Ihe pe�formance of all covenants and agreemema o!Trusto�set lorth he�em;and(d)all 'sl,,;,�:,�.,, • . ��� ,
<br /> '� '+ifi�X.; it�,.:•, �..' ,��nr
<br /> ;�i��-.•• '• present and tuture Indebtedness and obNgations of Borrower(ar any of ihem if more than one)to Lender whether d�recl,IndirecR f���'.:r,, ,_. ___,_-
<br /> ' S.• � ' ',,��?}'•�;), absolute or continpeM and whether arising by note,gueranry,overdrak a otherwise.The Iv�te,tn�s Deed of Trust and any and aU ,•-;��;,,.,., , ,�r�,��'
<br /> • '�'' other docuents that secure the Note or otherwise executed in connection therew4h,including wilhoct hmilaUOn puatanteea,eecurlty . . � ' � '•'�•�����
<br /> ,e>�.-.. - ;;,,tRf:�t:� 'I ,•_ .: (;',�r.�.:-�,J,_ .
<br /> : . ' �agreements and asslgnments o1 leases end rents,shell be referred to hereln as the"Loan tnstrumen1s". ,. -..• f;�),>);�r;,,�{R:
<br /> �w,.y._�° � Trustor covenants and agrees with Lender as follows: , 4,''''',r ":' ' '"'�
<br /> �•� 1. Paym�nt of Ind�bl�dn�u.All Indebtedness secured hereby shall be pa�d when due. ( �r,'•� •
<br /> � 2. TNI�.Trustor is the owner of the P�operty,has the right antl authorrty to convey the Property,and warrants that the lien �� �:':•.�' • '
<br /> . • .�:,. ; created hereby fs a first and prfor Ifen o� the Property.except for Ilens and encumbrances sel fohh by Trustor fn wrlting and � . �. •
<br /> dellvered to Lender before executfon o1 th�s Deed of Trust.and ihe execuUOn and dellvery of th�s Oeed o!Trust does not violate any `•� �•;
<br /> , , „ ' '� �;r,;;':,,, '
<br /> ' , , �,�::,..�;,,� contract or other obB atfon to which Trustor�a subject.
<br /> '�f���t'r' 3. T�sn.Ass�wm�nb.�c pay belore dellnquency sll taxes,speaal assessments a^d all o�her charyes ayainst the Property I�",�"' ' ,�,'•.�''
<br /> • ,•�;.,.:•„�. �, ;!'•;
<br /> ,,:.; �� now or hereaHer levled. � • . .
<br /> � • '��;''•�'� 4. I�surane�.To keep tne Pro e msured agalnst dama e b Ine,hei8rd8�^clucl�cC aithin th2 tf►m"extendeC caverage",and "� •
<br /> P rtY 9 Y t'�,.., :,:
<br /> �� ���'�' ' ' '�;,ti such other hazerds as Lender may reqw�e.��amounts and wdh comparnes aeceDtaD�e to tender,nam�ng Lenaier as en additional ,, . , '; �;•
<br /> ;'.�.,. _.
<br /> „�.�,; ,'�:.' �amed fnsured.wlth loss payable to the L�r.�e• In case of losc under such put;c.es.tne Lender�s autrtcr�=ed to ad�ust,couect artd , .
<br /> � ¢o+r.�promise,all clalms the�eunder and sr•a� ^ave the opbnn of epplying all or part ol tne insurar.ce prateeds hl to eny indeDted�ess � ,.
<br /> " seCUred hereby and fn auc►�orde�a5 Lend�e+may determ�ne.(��)to tne Trustor to be used lor the repa�r or re5loraUOn o�the Properry .
<br /> .or{;:.,)for any other purpase a ab�ect satstaclory to LenCer wHnout aNectmg the lien of th�s Deed of Trust for the tu�o amount secured
<br /> , ' ftereby before suCh paymertt ever taa�C'aCe.Any applfcation ot proceeds to mdebtedness shan rtat extend a pasq�one the due
<br /> date ot any payments unCier te�e htor�e cr�4re any defeult thereu�der or hereunder. ,
<br /> . _�_ ��e......... ,,we....�nm .�.Nu��.ne .
<br /> . • _--_- - 5. EtCt�.tlpon wrrccert at+�'ra�op i.�CnUC�.itu5lui 5iioii yor Qv i.oiwci. i��Sur�....o��.:•'3..�.. ...°.����'�"_'_"_'. '_ ,
<br /> aums to enab�s I.ender to pay as�`•e, �come due one or more of tha lollowing:(I)all taxes.assessme!+ts end other cherges aQa�rtst
<br /> the Property.p�l t�ie pr�n�ums o�� the property insurance reqwred hereunde�.and t���1 me prem;�,ms on any moRqa{�e miu�arru .
<br /> ' ' required by Lender.
<br /> � 8. Malnt�nanc�, W�pat�s and Compltane�wlth Laws. Trustor shaH keep the�rop�rry�n qood condihon and rep��r,shall '
<br /> •�• • prompNy repafr, or replace any improvement which may be damayed or deatroyed, sn��l not comm�t or permit any waste or
<br /> • deterioratfon ot the Properry;shell not remove.demol�sh or aubstant�ally alter any ol the�mprove+nenis on tne Property.Ehell not
<br /> , � Commft suHer or permit any act to be done�n or upon the Property m v�olaticn ot any lew.o►�Jman�:e �r rrgulabon.and ehall pgy and
<br /> � promptly discharge at Trustor's cott and expense all I�ens.encumbrances a�d charqes lev�ed.�mposed or acsassed eyainst the
<br /> Property or eny perl thereol.
<br /> 7. Emin�nl Oanaln.Lender fs hereby asa�gned all compensation,awarda.damage�and other payments or reliel(hereineNer
<br /> " "P�oceeda")in ConneCtion with Condemnetlon o►other takmp ol the Property or pah ther6of,or lor conveyance�n Ifeu o1 condemna-
<br /> tlon.Lender shall be entltled at fte optlon to commence,appear in and proaecute�n�ts own�ame any action or proceedln�a.end
<br /> � shall also be nntftled to maka any compromise or setllemem in connectwn w�tn such lekmq or dama�e.In tlw oveM any poRion of
<br /> . . �
<br /> � . IqL�b71Na�ncMwNOMe114.tO�M � .
<br /> � OttMMM�MMI�W�1CaMwe�TrvN�MfM^�MArec.ranlMrs�wllMr�M�
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