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<br /> _ _ ACKNUWLEDGEMENT OF DEED OF TRUST --"
<br /> ::-
<br /> � TRUBTOR REAC)THIS BEFORE SIfiNINO: �� 1 O OO�4
<br /> Trustor unde►Wnd�th�t th�documant thtt 7ru�tor Ia about W exaaule ls a Desd ot Trust and nol�mortytp��nd th�t th��owar
<br /> ' � of wl�provid�d tor In th�Ds�d of Tru�t p►ovld�s�ubst�nWl{y dillerent riphb snd oblipstlons ro Tru�Wr d�n�man4ape In ths w�m �,_w=
<br /> ��'� ;� - o}�dNAUIt or breach of obtipaUon und�r th�D�sd of Truaf,Inaludl�p,but not Iimited to,the L�nd�r's ripht to hav�th�Property wtd
<br /> ' ' by the Truataa without eny judicfal proceeding.Trustor rYpr�sn and warranb et thla acknowledpem�nt was ax�outed by --
<br /> --' .. - ti .a.,,cr- _ �....----_-'-.--.-.':-_�_ ..
<br /> .�:r��t�. Trustor bNore th�exeoudon of tln ONd o1 TruN.
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<br /> � „ �, :;t ; ,�.. . e t eann c�a . a e ��� ,.,
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<br /> �,..n_[�^ . 1 11'�'0^ 'LY ia
<br /> - � �;�3�;•,��..��q:'•' (Tim C. Plate) Trwtor �� .�.,�f��u.t�_�"
<br /> •saz
<br /> � ` '' �iy 1�;z -.
<br /> . �-� 1�� � +..� - $ ..
<br /> f+o- 4rd#r� t-.
<br /> .-:,,�.�,;�}� >.":'�,:: ' . DEEO OF TRUST WITH FUTURE IIDVANCE3 � ,�,�,�,,._.
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<br /> �:,��iizir� u''�`F""�'t"4`�"`:j. .• ?HIS 0 OF tRUST.i de as o1 tAe_.28Z1L day ot 19�9 by and amon� „�'�"°'�""�"t"�-
<br /> ��'�:.��.�� �udolf F. ��ate, a marriee9 person. �eo 9ear��occe R. Plate, his wife, _______
<br />_ � .rd,�.e�. T ;�;:�''i•.%:+;�: the TrWtor. and T1m C� POate a marr�d �If'�C11�. '
<br /> �� ':3�,'�j�.�Ti_v'fi.:,'.i_:. _--
<br /> .��`•�; .�� � V� �, whose m11111np address ia 7D28 ��d Fair Rac? �ran.i,L�_�land. t1E Se°tQ,herein Trustor;'whelha�one or mora), �
<br /> . ,r�,�l ,�!`";�,,;^� .. _i� �T��, Nilliam �IY Marshall I11� Chairman 8 resideQn� of �il(��Peints Bank, a NE Corp., �••::a=W•'-`,=�
<br /> , " �J � who9e mailinp add�ia..� �• Box 1507 Grand Islan�NE 68802-1�09 (herein•'7ruatee"),and ,�,_�i• _
<br /> ., � ..,: ,.
<br /> ` , a��� ° the Benefloiary� �.�.vf.� Poin tQ Rank � ����.�—A-
<br /> � � P.O. Box 150 Grand �g�gtld, NE 68802-1507 (herein"Lender'7. "�'�� -
<br /> :� ... . , whose maili�p addrees Is Z. __-
<br /> , �� .:,.-
<br /> -; '�'"�'"�' ,; „,�'+#: FOH VALUABLE CONSIDERATION,Includi Lender'r extension ot credit identiNed herel�ro R�dolf F. Plate and i _.__ •-
<br /> , �.. ;.. . .. � 119 :;,�,;;+a.�.�_.
<br /> .. � - .� u:,��l. '4:�:..{.���_':•'4i � . . �
<br /> � '','�"'�h+`Yf �''. Jesnnice R Plate and Tim C. Plate �hereln•'eorrowei',w�hether ona or morel and ihe trust herein oreated, u
<br /> 1', ,,a•. x:.:. .
<br /> : -=r:� ;�yx� iha racslpt at which ::.!;�rCby BCknostledfled. Truslo►4'�er9by trrwvecabfy grants.itanaters,conveys and os9lqns to Trustee,IN "
<br /> •:-•;;,. , . • • TRU3T,WITH POWER OF 3ALE,for the benalit and aecu rity ot Lender,und6�and aub�ect to the terma ana condtdons herelnatler set a n,+�«.���t;•�-:,�
<br /> ��_'=
<br /> �• • � ' bAh,the real property,described ae follows: ,�
<br /> ' • �� See Atteched "Exhibit A" �`���°�
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<br /> ;�;.� � ��v_u�-.
<br /> . � h . Topether wfth ell bulldinps,improvements,lixtures, atreets,alleys.passeyeways.easements,rights,prfvilepes and appurte- � 1�;'g4".�<;,.__
<br /> ' � nencea Ioceted thereon or in anywlse pertainfng thereto,and the renta,issuea and profits,reverslons end remaindere thereol.end � '•:
<br /> .. such peraonal properiy thet is etWched to the improvemenls so as to conslfWte a fixWre,mcludlny,but not Ifmlled to,heatimgand �;rn:,���:��;;�y___-
<br /> .;:;. , a� cooliny equipmenk and together wlth the homestead or rnarital mteresta,il any,which�nteresis are hereby releaeed and wai ved;all � , _
<br /> � ' +� � of whlch,Includfng replacements and additlons thereto. is hereby declered to be a part ot the real estale secured by the lien af Ihfs i4w° �;,,; y
<br /> , ,•.,, , . � ..-f�.,..:�1' _
<br /> � peed o1 Truet and all of the forepolnp beiny relerred ro herein as the"Property". "�;',_�'��;'=T°'-`
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<br /> Thf�Oeed of Truat ahall secure(a)the payment of tha principel sum end Interest evidenced by a promiesory note or credit ;"`.�:;`�,�=2-._
<br /> 'i;,f,� � � f;P�.'�;; � � -
<br /> .,'' ,;r �'1;^�.,.�•� apreement dated ��°"'�"'r 27, 1990 _. hav��g e matur�ty dato of �QC°^�tior 27� 1991 , � 'w.,- - _
<br />� },!:,.•! _ ., . i• S;�r:i:-"'��'-':��
<br /> - ' •�'==` .. .,.y
<br /> •.�;t=` ° in the origi�al principal am0unt of S�a0 000 OQ ,and any and all modlffcationa,extenslons and renewals ��=n'° ::� �
<br /> ' � � thereot or thereto and any and atl luture advances and readvances to Borrower(or any of them it more then one) hereunder "'-`''"�"�`��`""
<br /> � • � pursuant to one or more promissory notes or credit agreements(herein called"Note"):(b)the payment of other sums advanced by , ��,., �•
<br /> � ' Lender to protect the securlty of ihe Note;(c)the pertormance ol all covenants and eyreements of Trusror set fohh hereln;and(d)aU �-, , (�,�,� . :ri._
<br /> ' p r e s e n t a n d l u t u re i n d e b t e d n e a s a n d o b l l g a t l o n a o 1 B o r r o w e r(or an y of them il more ihan one)ro Lende►whether dlrect,indlrecR ';z,��fi ;,;�r�•-�^
<br /> '��'�.'i . . ebaolute or contfngent and whether arising by note,yuaranty,overdra8 or otherwlse.The Note,this Oeed o1 Trust and any and all ,. ;(,��i';�'.�;.
<br /> .;' •��°� o t h e r d x u ent s th at aecure the Note or otherwise executed In connection therew�th,includiny wlthout HmitaUOn guerente8s,security �". ___
<br /> :,;:.:� . . .���y,-.. �_•,.
<br /> � �� • ,. � • ayreements end as9+gnments of leases and renls,shall be referred to herefn as the"Loen Inatruments". _ , ,__.
<br /> .}• ' :' " Trustor covenants and agrees wlth Lender as tollows: � ,
<br /> 1, p�yn�nt o1lnd�bt�dn�is.All fndebtedness secured f�ereby shatl be paid when due 1
<br /> !'���t,�: •� ,. 2. 4id�.TruslOr is ihe owner ot the Properly,has the ngnt a�d aulhority to convey tne Property.and werrants that the lien
<br /> ��" ��'�''ti�`�`�'+ � created hereby ia a t��st and prior Ilen on the P�operty.except f�r Hens and encumbrances set lorth by Trustor m wrltfng end ,
<br /> �{'r'�+�'��•���' '' dellvered to Lender���ore executlon o}Ihis Oeed;,"rrust,and the e,cecut+c�^a����eUvery of this Deed of T+..s+:�oes not vfolateany
<br /> ;�;11;':j,��: .•:,;' ...,
<br /> ;•,`�;�.; contract or other cbl,�,AUOn to whfch Trustor�s suviect.
<br /> '��'�• � 3. Taxe�,A�sasm�nb.7o pay before de1+��;,nncy ali ta•es svec�a�asseas�^er�s erc�ac�other charQes a�amst the Property
<br /> � .+ now or hereafler levied. ��
<br /> � .', ' 4 Insurane�.To keep the P°c�:e�r, rsured agafnst damage Cy'�re,nazartls r^cr.:etec:w•- • ahe term°extenaed cove►age' and �
<br /> . ' suCh other hexards as lender may��aq�ve,ir,are�,als and with compan�es aec��lable to�enCer,nammg Lender as an a�dtUCr 2t �
<br /> named insured,with IoSS payatrte ts t^P Lentle� ^�:.ase ol loss under such F�I��es.the Lender�s author�zed to edjuat.collect a�+�
<br /> compromise,ell Cla�ms thereun�er ar,d shall ha��''d opt�on of apply�ng all or F�rt ot the msu�ance proceEti,YS' `to any mdebteGness •
<br /> seCUred hereby and In suGfi o�d�^95 Lender may determme.(��)to Ihe TruBtor to be used for Ihe repa�r C��es���•at�on ol the ProDe►.y
<br /> or(n��tor 0ny other purpOSe^•_: Pt'?�a�istactory fo Lender w�thout nHoctmg Ihet Iien o�this Deed o�1'rust(Gr t�e lull 3m0unt Secured ,
<br /> _. � .., herebv beiore such oavment ev�,r+uok place. Any appl�cauon ol proceeda to�ndebtedness shell not exana a postpone ri�e duQ
<br /> ' . . dat�of eny paymenrs under the Note,or cu�e any detaull thereunder or hereunder. '
<br /> ' . 5- Est�ow.Upan wntten demend by Lender.Truslor shall pey to lender,�n such manner es Le�der may des�g�ate,sutt�tient '
<br /> . sums to enabie LenGe�r to pay as they become du�one or more of the lollowing (q all taxea.asseasments and other charges aga�nst
<br /> the Property.(If)the premwms on the praperty msurance�equ�red hereunder. and 1���)the premwms on any martyafle insurance
<br /> requfred by Lender.
<br /> • 8. �Atlnt�nane�,R�paln�nd Compllano�wRh Law�. Trustor shall keep the Prope�ty in good cond�tion and ropa�r;snall
<br /> promptly repafr, or replece any improvement wh�ch may be damaged or destroyed, snau not comm�t or perm�t any waste or
<br /> deterloratlon o1 the Properly:ahall not remove,demoi�sh ar substant�a�ly alter any of the�mprovoments on the Property.shall not
<br /> COmmd,6ufler or permd any 8Ct to be done m or upun Ihe Property in wulation of any law.ord�nance,or regulat�on,and snell pay and
<br /> promptty dlsCherge et TrustOr'a Cost and expense ail lien9.encumbrances and cherges�evied,imposed o�assessed aya�nst the
<br /> " Property or any part thereol.
<br /> • 7. EmlMnt Dandn.Lender ia hereby assiyned all compensat�on.awerds.damages and other payments or rel�ef(hereinaher
<br /> . "Proceeds")In connectlon with condemnauon or other takmg of the Property or pan Ihereof,or for conveyance in i�eu of condemna-
<br /> Gon.Lender shall be antltled at its optfon to commence.appear�n and prosec.,te m�ts own name eny acaon or proceedmgs.and
<br /> shall also be ent�Ged to make any comprom�se or settle.nent�n connectlon w�tA such tak�ny or damaqe Inthe�vent a�fy poAion o1
<br /> MC 51�7�N��e..tiwN OMw bv f0 M
<br /> • � O�/N N«�aW M�r d CoT�a�r„a r�a S�v nq�Au«w.on i•�r.an wwrw�
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