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<br /> � ' � ACKN�iWLEDOEM�NT OF DEEO OF TROJBT � � = y�R �
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<br /> �°�;.•,r�Tr'.�; :. TRUSTOR REAQ TH18 BEFORE SK3NINf�:
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<br /> •.;�„,;;;1;,�,;;.. „,: TtWlot und�nt�nd�th�tth�doaum�nt th�t Tru�lor Is�bout ta�x�oute I��Dwd ol Tru�t pnd nol a moRpUp��nd th�t tM paw�r
<br /> ' �+' ol wt�provld�f lor In thv CNd ol Tru�t ptovldrs�ubftantl�lly dlHer�nt rlpht��nd obliptllom to Tru�tor th�n a morlpap�In Ih�iw�nt �y
<br /> � � ' ,�t�;�%r° ol a Mhult or brNah of obllpNlon und�r th�ONd ol Tiu�1�lnaludlnp,but not Umit�d to,lhe Lsnd�r's ripht to hw�th�Propnty�old _ __
<br /> "" ,.` `. ,�.a.,�. . by 1h� Tru�t» wlthout�ny�udlold pioCNdlnp.Ttwto► r�pns�na and w�nanb 1M1 IhN�cknowl�dp�m�nt �x�cut�d by
<br /> s�"�`�"' '� - Tru�tor betoro the eKecut�on o1 tM OMd ol TruN — _ ___-- _ _ ___
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<br /> �"�'_�:�:�•`��;:� ; � «� t:'..� DEED OF TiiUST WITH FIJTIARE ADVA�IC�S �. . �. �w
<br /> `Y=','.�:• . THIS�EBD OF TRUST,I�mode ao of ttw 7th �y o� ��n��ry .19 91 bp and amon� ' �� • .�. .
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<br /> ='N. .. `~' " .',���,' theTruoror, ��r E V�la��k i And M�r G.Yal���k , � ��,�-
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<br /> � �"`•��``. whoae mafllnp address I� ���� �-"'i'�t Ct firat�d Isl�nd N� 69803-223��ein°Trustor,•'whetner one or more). • ..�'• ��-�
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<br /> tlILLI�M 11.pARSNALL i II PRBSIDEN1' b Chairma� of Five Points Bank a Nebraska r�;�"•
<br /> � tne TrustaQ, r �tio�, � ,»�
<br /> ' �� - . . whose mailiny address is Z��s N.BROADMELL 13.I. �HE 13rond Ioland, NE 68802 �herein"Trustee"),and • ` � ' "` '
<br /> 1
<br /> . � . � ' the Beneliciary, Fiv� Point■ Bonk . ..•,_..
<br /> ' P.O. Box 1507 [3ramd Ioland„ 86. 69802-1507 � .�-'=�
<br /> � w�ase malllnp addreas Is 1�'era�T"LendYr'y. -•, -�, _-
<br /> Oasy E Walesok •''y.'���-:'. -.—s
<br /> �!� FOR VALUABLE CON3IDERATION,Includlnp Lender's extenslon of credlt IdenHlled hereln to . �� `� '-�"_
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<br /> , ' • • � ���'i:��: i And M�ry G.Val�aek (herein"Borrower",whether one or more)and the trust hereln created, • -
<br /> �,,. '• ;..5. �
<br /> �� ��'� !he recelpt of which Is hereby Acknowledged,Trustor hereby trrevocably grants, trensfers,conveys and asslpns to Truatee,IN .
<br /> ' " TRJST,WtTH S°OWER OF SALE,tor tfie ber.eN!nnd secu r��y�I�wndpr,under and subject to the terms end condldona horelnattQr wt �__ ___ _�
<br /> r % 'a lpith,the real property,deacrlbed es lollowa: � .
<br /> r,. '�;. `� j;� �ot Nine (9), Block 7'welve (12) Boggs and H8J1's Add it ion to t he C ity o f Gran d Is lan d, , s�:.,: , __—_�
<br /> Hall Cound , Nebrasica. ��� � ��
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<br /> ",'; Together wlth all bulldings,ImprovemeMs,llxtures. streeta,alleys.passageways,easements,�ights,prlvlleges and appurte- �,;'
<br /> �• �.'� nances loceted thereon or In enyw�se perta�ning tfierelo,and the rents,lssues and profits,reverslons and remamders thereol,and • "'�'�'
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<br /> . :�'::�'+ auch personel properly that Is atlached to the Improvementa so as to constltute a lfxture,fncluding,but not limiled to,heeUng and , .
<br /> • . •,��.��;;'�� coolln�equlpmenk and together w�th the homestead or marltal Intereats,if any,which interests are heraby releaaed and walved;all , • •
<br /> � � ' 't'';ti�: of which,includiny replacemeMsand addilionsthereto,ls hereby declared to be a parl olthe real estate secured bythe Ilen olthis • .
<br /> � •�+ Deed of Truot and all of the foregolnp beJng reierred to hereln as the"Properly". �
<br /> . ,
<br /> , �"'• Thfs Oeed of Truat shall secure(a)the paymeM o�tha princlpal aum and iMereat evldenced by a prom�ssory nate or credit � � :r'i.�}"::
<br /> • `d• , � ;, ' `rJ';`},°.
<br /> ��;�'. (;:��,, a reement dated 1on. 7F 1991 ,having a maturlty date af Jat�. 7� 1996 , � ,'''•:ff�+;�°:
<br /> � .. u .�'7:..;��: � �, 'i� � 1r�`,�'
<br /> ' In the orlglnel principal emount of$ 16,046.50 ,and any and all modlficatlons,extens�ons and renewals t '''�:,„"�••:�
<br /> '� � thereot or the�eto end any end all future advances and readvances to Borrower (w any ol them If more Ihan one) hereunder � . • ' � ':'�;;,'J,,
<br /> ' �� p u�s u a n t t o o n e o r m o r o p r o m f s s o ry n otes or credit e greements(hereln called"Note"�;(b)the payment ot other sums advanced by f . •.:�i','.°"�
<br /> •• , ;`��' .,�„� Lender to protect the securlty o(the Note:(c)Ihe performance of all covenants and agreements of Trustor setlorth herein:and(d)all � :-`,r�';;'''
<br /> •;Y.:�
<br /> � �y';,. pre�ent end luture indebtedness and obugalions of Borrower(or an�01 lhem d more Ihan one)to Lender whelher direct,fndirec� ,;,� �
<br /> . • ��!�'�`', �--?•���"• absolute or contfngent and whether erlsing by note,guaranty,overdraft or othe�wise.The Note,this Deed ol Trust and any end all � �' �•••
<br /> ' � �'J�f.'� other docuents that secure the Note or otherwise executed In conneclion therewith,including wlthout hmltation guarantess,securfty ! • �•�;�,�.,�:`,,
<br /> �' '' �r�'� ayreements and assignments o1 leases and renta,shnll be reterred to hereln as the"Loan Instrumenls". � . � •• • �
<br /> •' T�ustor covenants and agrees wlth Lender as follows: i . � .
<br /> 1. Paym�nt o1 Ind�bt�dn��a.A:1�nde�tedness secure�i hereby shali be paid when due. f � ,
<br /> � � � 2. TNh.Trustor is the owner ol the Property.has the rlght and author�ty to convey Ihe Prope�"�,and warranta that the Ilen ,
<br /> . created hereby Is 8 11rst and prlor lien on Ihe Pvoperty.except 1or I�ens end encumbrances seS lenn by Tiustor In wdting end ; .
<br /> delrvered to Lender before executlon of th�s Deetl ol Trust,and tne execut�on and dellvery of th�s Deed of Trus!�o�s not violate any • • �
<br /> contract or other obligatlon to wh�ch Trustor is su��ect. '
<br /> , • � � 3. Taxa�, Apassm�nt�.To pey belo�e deiinquencr a;l taxes,speciel a83essments and aii o'ne�charges ag�inst the Property �
<br /> now or hereeker levfed.
<br /> �� 4. In�uranCe,To keep the F'roperly�risured agamst darnage by I�re,hazards inciuded w�th�n t"e!e��"extended COVerage".and
<br /> , • • suth other heiards as Lender may reqwre,m amounts und wdh companies ucceptab�e to Lender,r.a:~r•g Lender as a�addltional
<br /> � , �. named Insured,wlth loas peyeble to the lender-In case of loss under such polfc�es,the Lender ie authorized to ad�ust,collect end
<br /> � comprom�se,all cleima thereunder and shall have the opt�on of apply�ng ell or Fart ol the�nsurance proceeds(i)to any Indebtedness
<br /> • ' aecured hereby and fn such order es Le�der moy determine.(u)to the Trustor to be used for the reUair or reetorellon of the Property
<br /> '� � or(Ilf)(or any other purpose o�ob�ect suusfactory to Lender w�thoul aMect�ng the Ilen ol this Deed ol Trust for Ihe lull amount secured
<br /> hereby belore su�h peyment ever took place Any eppllcation ol proceeds to indebtedness shall not extend o�poslpone the due �.
<br /> date o1 anv Davmenta under the Note,or cure any deiault thereunder or hereunder
<br /> ^ 5 EsCrOw.Upon wrftten demand by Lender, TruBtor shall pay to Lender,m suCh menner as Lender may designate,euH�tient
<br /> sums to enable Lender to pay as Ihey become due one or more of the lollow�ng (�1 all toxes.assessments and other cherges aga�nst
<br /> the Properry,(h)Ihe premfums on the prupdrly msurance reqw►ed hereunder,end 1���)the premiums on any mortgege msurance .
<br /> rgqwred by lender.
<br /> .��� � � ' 8. Malnt�n�nc�,fi�paln and Compllenc�wlth Law�,Trustar shall keep the Property m good condit�on and repair, shall
<br /> ' � promptly repalr, or rep�aCe any improvement whiCh may be dameeed or de�troyed, shell npt Commft or perm�t any waete or
<br /> • deterloretfon of the Property:ahell nat remove,demol�ah or substantfelly aNer any of the�mprovements on the Property:ehall not
<br /> � commlt suHer or permil any act to be done�n or upon the Property in wolat�on of eny lew,ordlnance,or regulet�an,and shell pay and
<br /> promptly dlecharpe et Trustor's cost and expense ell Ilena,enCUmbrances and charges lewed.Imposed ar assessed aqeinat the
<br /> Property or any pert thereol.
<br /> 7. Emin�nl Domdn.Lendor Is hereby asslpned a�l cempensa�c� awa•ds.damages and ot�ner Reymentg or relief(here�nafler
<br /> • "Proceeds")�n connechon with condem^a1�on or othertak�nq of:l+e�Property or par:therea�.o�tc•ce^�eyance In lieu of condemna•
<br /> UOn.Lender shell be enlltled et Ite Opt�om tC tommente,appea�m ar.d��osecute m�ts o+�r rar--e an,aCtion or proCeedings,end
<br /> • shat�alto be erttill@d to make 8ny cCmpr��rr�5@ or Sptt�erment m c6nrtechon wdh such takirtg or daQ"c7�e Irt th�ev�nt 8ny portlon ol
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