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<br /> ACKNOWi.EOGEMENT OF OEEQ OF TRUST 89�°' 1 U C 6 0 5
<br /> TRUSTOR REAO THIS BEFORE SIaNINC:
<br /> Truetor undaratands that the document that Truator is about to execute Is a pead of Truet and nol e mortgege ar�d that tho power
<br /> ot sale provided for in the Qaod oi Ttu�t provid��substantlaliy different righta and obllpations to Trustor than a mort�ege in th9 event
<br /> ot a defautt or breach ai obligatlon under tt�e Oeeci of Trust,In�iE,�1ir�,but not Iim{tc+d!o,the I.ender'a ripht to h�v !ha Properry rotd
<br /> by!he T►uatee without Any judiclal proceeding.7rustor represents and wa�ta that 1h1�a nowladfle f wea executed by
<br /> � T�uator before the execuS�on of the poed of Truat. •- �
<br /> i .�'�'!
<br /> f�
<br /> � ,/� ea,D. p � Trustor Hueband�
<br /> ' ��...,�,-`"� 1
<br /> I o��` • � Trustor
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<br /> � DEED OF TRUST WITH FUTURE ADVANCES
<br /> � THIS DEED OF TRUST,is made as of tha �st day af necem�+er ,19.�9.,by and among
<br /> the Trusto►. Jauioa p. Roth and Donna F Roth Huaband anc] Wife �
<br /> �� whose malling address is 36Ad S. Rt a i np� (.rs�nA Tel and� NF! C.AA�11 ��
<br /> ------ (herein T�ustor;'whether one or more),
<br /> � the Trustee, Wa•++�� � p���Y��•�, � �o�bor o� tho DIE S�ato Ssr ��a. ,
<br /> ' whose mailing add�ess is p. O. Box 228A� Grand Ialand� NE aaan2 (herein"Trustee"),and
<br /> the Benercia�/, Five P49.,t� n�..,k
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<br /> ; whoss mailing add�ess I9 p• O. Box 1507, Grand .I$land. NE 68802 , (herein"Lender").
<br /> , FOR VALUABLE CONSIDERATION,including Lender's extension ot credit identitled herein to .ramaa D_ Ro _h a,na ne�a F.
<br /> � Roth. Hueband & Wife (herein"Borrower",whether one or more)and the trust herein created, � �
<br /> the receipt o1 which is hereby acknowledged, Trustor hereby irrevocabty grants,transfers, conveys and assigns to Trustee, IN ; !
<br /> . TRUST,WITH POWER OF SAIE,tor the beneilt and securiry of Lender,under and sabject to the terms and conditions hereinafte�set �
<br /> ; forth,the real properly,described as follows: �°
<br /> !•:=
<br /> '; _
<br /> _. .� L-a� '�: S2) 3st E2ac� Parry Cso Q4Z? 3Yt ttta 0�3$i�ta2 Tci�aa� a��� �ii.ji� t',iauu - - - _
<br /> � Island, Hall Gounty, Nebraska
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<br /> Together with 211 b�ildings,improveme�nts, flxtures,streets,alleys. passageways,easements,rights,priviteges and appurte- i
<br /> � nances located thereon or in anywise pertaining thereto,and the rents,issues and profits,reversions and rema�nders thereof,and
<br /> such personal property that 1s attached to the improvements so as to constitute a tlxture,including,but not limited to,heating and
<br /> � cooling equipment;and together wlth the hvmestead or marital Interests,If any,which interests are horeby released and waived;sil
<br /> of which,including replacements and additions thereto,is hereby decla�ed to be a part of the�eal estate secured by the lien ot this
<br /> Deed of Trust and all of the foregoing being referred to herein as the"Property". .
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<br /> � This Deed of T�ust shall aecure(a)the payment of the principal sum and interest evidenced by a promissory note or credit
<br /> � agreement dated �.2/�/R� ,having a maturiry date of t�/t/93 , , �
<br /> j in the orlginai principal amount of$ 40-r000.00 ,and any and al!modifications,extensions and renewals '�
<br /> + thereof or thereto and any and all future advances and readvances to Borrower(or any ot them if more than one) hereunder - _..�..
<br /> � pursuant to one or more promissory�otes or credit agreements(herein called"Note");(bj the payment of other sums advanced by
<br /> Lender to protect the securiry of the Note;(c)the pertormance ot all covenants and agreemenLs oi Trustor set forth herein;and(d)all
<br /> present and tuture indebtedness and obligatlons ot Borrower(or any of them i�more than one)to Lender whether dlreCt,indlrect, ����;
<br /> � absoiute or contingent and whether arising by note,guaranry,overdraft or otherwise.The Note,this Deed ot 7'rust and any and all ' '�'
<br /> other docuents that secure the Note or o4hennrise exocuted in connection therewith,including without timitation guaranteas,securlty
<br /> . agreements and assignments af leases and rents,shalt be referred to herein as the"Loan Instruments". -
<br /> . Trustor covenants and agrees with tender as iollows: �
<br /> 1. P�ynNnt ol lndtbl�dn�sa.Ail indebtedness sec�red hereby shall be paid when due.
<br /> ' 2. Tffl�.Trustor is the owner of the Properry,has the right and authority to convey the Property,and warrants that the lien
<br /> � created hereby is a flrst and prlor Ilen on the Property, except ior iiens and encumbrartces set forth by Trustor in writing and
<br /> t 8elivered to lender before execution ot this Deed ot Trust,and the execution and delivary of this Qaed cf Trust does nat viotate any
<br /> - � Cont�eCt Or other obUgatlon to which Trustor is subject.
<br /> . i 3. Taxet,Assysm�nb.7o pay before delirquency aA taxes,sRec+al assessments and ali other cha:ges against the Property
<br /> i now or hereafter levled.
<br /> � 4. Insurancs.To keep the P�operty insured against damage by�ire,hazaras included within the term"extended coverage",and
<br /> such other hazards as Lender may require,in amounts and with companies acceptable to Lender naming Lender as an additional
<br /> � named insured,with loss payable to the Lender.ln case of loss under such policies,the Lender is authorized to adjust,collect and
<br /> ; compromise,atl clalms thereunder and shall have th�option of applying all or part ot the insurance proceeds(i)to any indebtedness
<br /> . secured heroby and in such order as Lender may determine,(ii)to the Trustor to be used for the repair or rostoratlon o}the Properry ---- - -
<br /> or(iii)for any other pu�pose or object satisiactory to Lender without affecting the lien of this Deed of Trust for the ful!amount secured
<br /> hereby before auch payment ever took place.Any appiicetion of proceeds to indebtedness shail not extend or postpone the due � '
<br /> date o}any payments under the Note,or cure any default thereunder or hereunder. �
<br /> 5. E�Crow.Upon wrltten demand by Lender,7rustvr shall pay to Lender,in such manner as Lender may deslgnate,sufticient
<br /> sums to enabte Lender to pay as they become due one or more af the following:(i)all taxes,assessments and other chargss agalnst
<br /> the Property,(ii)the premlums on the property in�urance required hereunder,and(iii)the premiums on any mortgage insurance �
<br /> required by Lender.
<br /> � 8. MslntMSnC�, R�palrs and Compllanc�vrlth Laws. Trustor shall keep the Properry in good conditlon and tepeir; shell
<br /> promptly repair, or replace any Improvement which may be damaged or destroyed; shall nM commit or permit any waste or
<br /> detetlbration of the Properry;shall not remove,demolish or substaniially altar any oi the improvements on the Property;shall not
<br /> commit,suHer or permit any act to be done in or upon thA Property In violation oi any law,ordinance,or regulation;and shall pay and
<br /> promptly di&charge at Trustor's cost and expense aIl liens.encumbrances ar�d charges levied,�enposed or assessed against the
<br />= ProFarry ar any part thereot. �
<br /> 7. Emin�nt DOmaln.Lender i8 hereby as9igned aIl compensation,awbrds,damages and�ther payments or rel�et�hereinaker �. �.
<br />- "ProCCed&")in conneCtion w�th�Ondemnelion or ollter laking oi the Prope�ty or part thsreot,or}or conveyanCO in lieu o1 condemna-
<br /> t�on Lender shall be entdled at�ts opt�on to cummence,appear in ond prosecute�n�ts own name any action or proceedings.and
<br />., shfill plso bo unatled to maka any comprom�so or 9ottlemant�n connect�on w�th such tak�ng or dtamaye In tho evont any pnrt�on ot
<br />� N6t 3157 Monkyc�:tu+�i U�y)N�v 10 8B �
<br /> . � ��tMe Nnwn�r Un,Y�.f Car-nene t�usr u,A$�n•q�a�sova�w�i•ncom ryobmt�e
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