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<br /> ACKNOWLEDO�MF.NT OF OEED OF TRUBT Al�
<br /> 1: TRU8TOR RFAD TM�B BEFORB 81GNIN0: 7 �O�• 1�
<br /> ..�� .� '", . .� . .•�.��� Tru�lor undKStintU that th�duoum�nt th�t Trwtor is�bouf to a�aut�Is a DMd of Fro�t and eol�mort�and th�lth�pow�r !
<br /> ' . 01 wN provid�d fot In tM ONd of Tru�t provlEM wb�nWly dlftersnt rl�hb and obllpndons bTru�tor than�moRDUp�In tIN�wnt
<br /> � • x•x ,.a. ° of�d�hult a brwCh of oblip�don und�►th�ONd ot Tru�t,ieoludinp,but not Ilmlqd to,th�L�nd��'t�I�ht to luiw tM Propwly told
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<br /> - r'��' ` by Ih�Tro�t�e wlthout my�udlolN procNdlnp.Trwtor nprasanh and wamrtts th�t Mb�aknowt�dp�m�t1t ���r t.db —.
<br /> -; :���� R Tnuta bNoro q��c�oudon ot aw DMd ol T�w1. solmaA 1, I c. , a roa�irao�c� -CO�Cp. �--- --- -_
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<br /> : ` <`��, . F ed H. Boase�.man Tn,stor A Chairman ---- -
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<br />�w�;;��T �:J��•� ��i,'.1,�' � TrU�DDr ---
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<br />�''' `. _�` ';�''r��:'�' DEED OF TRUST WITH FUTURE ADVANCEB ` � �. —
<br />� `'` ' •a�a-' ;,f,,��`�i r ---
<br /> l :�; :,� ' ��- ,•'` •,-�� At�ril --- -
<br /> :.. ,l,y,�.. ���a-s�, THI"S OEED OF TRtiST.is mude�s of the�$.day o9 . 19 91 by iued aQnortp
<br /> 1`� ��i. � " Inc , a Nebraska Corporation
<br />�15'y s ��' . , . the riu�tor, Bosse��,n Qi 1, . .� -
<br /> s y '`' • .. „ 68 � .: --==
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<br /> :, � =�.:;:- . - whoaemallinpeddreas+s �'•0• Box 1567, (3rand Island. NE ��reln "Trustor:'whstheronoa�n� ; :-"`�'�:�'�----�
<br /> i. .,.;,�,::,�.� Uni ted Nebraska BanK , ���� ----.
<br /> r; ., ; tha 7ruata�, � .
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<br /> �� P.O. Box 220, North Platte, NE 69103 �`N„ '- -
<br /> � ° , whow mallirsq address Is (1w�in"T�Y�e"),and �. . � =��^__;
<br /> � � United Nebraska Haak -- =
<br /> � the Boneflciery, � ��-�
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<br /> � t° '` ° NE 69103
<br /> '�rv : ,��'-••. whosemeHinpaddresals P � Box 220, 'l�Ott2� Platte, �herein"lendw"). - _
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<br /> ' �°" ° " ' FOR VALUABLE CONSIDERATION,Inoludlnp Lendar's ex�aa�ion M credA�dentdled herem to.�4.5 gelmdri 0 il , I nC• �r•� - _
<br />, ., . ' � ;� a Nebraska Corporation ;
<br /> . . (herain"Borrower",whether one or more)and the tn,�st hereln creatod,
<br /> •'�• �^,y;;,,,�'f..J, the recaipt of which is hereby ack�owledged,Trustor hereby Irrevucebly grants,tranafers,conveys and essigns to T�uetee,IN �.,,;:�����
<br /> � - �"f'';"�` TRU8T.WITM POWEFi OF SALE,la tne henoht ana security oi Lender,under nd subjeci h,iiw1�r inb and ondiilan6 rai rafiersei ;
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<br /> �'„Y�;+�, ..�; � .�� forth,therealproperty,deacrlbedaslollaws: All of the Francis Villas Condom�niurn ro�erty �''� ".� s� �r��
<br /> - �� �?�'�'� . � Regime in the City of Grand Island, Hall County, Nebraska, Qxceptiny Villas � `r'-:::,.`: : .�•.`:�:?_
<br /> ' ' �� ' f''� � �� r�"� 207, 208, 205, 308 and 309, in the Francis Villas Condominiutp �°����'';.R�
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<br /> � �•"'i�� Proper�y Regime in the City of Grand Island, Hall County, Nebraska. — -_ _�
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<br /> . Together with all bulldinps,improvements,(Ixtures,streets,elleys,pessegeways,easements,rlghts,privlleges and appurte- . �r ,��"�:�=-�__
<br /> �x � '" nences loceted thereon or In anywfse pertalnfng thereto,and the rents,iasues and profils,reveraions and remafnde►s thereof,and .. �- •� '� 3
<br /> • •� �� such personal prope►ty that is attached to the improvementa so ae to constitule a fixture,fncluding,but not Nmlted to,heaNny end ���•
<br /> ! :; �� � coolinp equfpmenk andtogether wlth the homestead or meritel intereats,II any,whfch Interesteare hereby released andwaive�all • �'
<br /> � , ' ' � . of wh�h,includin�replacements and edditfons thereto,fe hereby dectered to be a pert ol the real eatate secured by the lien olthls . - -'�
<br /> , .�,•. '' � Deed of Truat and all ol the foregoi�p belny relerred to herefn as the"Property". � ��� ����
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<br /> . � �'�•�';� Thfs Deed of T►ust ahell eecure(a)the peyment of the princfpnl sum and fMereat evldenced by a promissory note or crWit i. • . . • -
<br /> . � ' � epreement dated Apr i 1 26, 1991 ,hav�n9 a metur�ty dete ot May 15, 2001 v 44. • •:;:_.;:._
<br /> . . � . - . - �r� Sr,�..
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<br /> • !n the oripfnal prtncipal emount of a 1,100,000.00 ,end any and all modilfcaQons,extenaiona and renewals '�� i 4�Y a'�� �� �:�.:
<br /> � .�5;����_, � thereof or thereto end eny and all fuNre advancea and readvances to Borrower(or any ol them ff more then one)hereunder �. `.•�. ���' "'�r�rx,�:�-=
<br /> •„`����;.; � pursuent to one or more promfseory notea or credit agreements(herein celled"Note");(b)the peyment of other sums advanced by .;.•:.�;:`� � ��..';��'`-
<br /> �, ��� lender to protect the eecurity of the Note:(c)the pertormance ot all covenants end agreements of Trustor aet torth hereln;and(d►all � "-=""'
<br /> present and future indebtedness and oblf�atlans of Borrower(or any of them if more than one)to Lende�whether direct,indlrect, ���:;
<br /> � �� ;>� �' � ebeolute or contin ent end whether arisln b note, uaren overdraft or otherwise.The Note,thls Deed of Truat and an and afl ��y Y�4°�',��%":`"�,`'
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<br /> ,�'��;� ;.,`�.�,�.,,�,,.;, � other dOCUenffi thot BeCUre the Note or otherwise executed in Connection therewith,mcluding without IfmltAt1on puarantees,s�eurlty ,,�.�..�,�: . �,�
<br /> • �'F'�1,�;�`;,�'�), , apreementa and assignments o1 leases and renta,shall be reterred to herein as the"Loan Inatruments". �S;,1, :.�.��J• ., ,�:`.��:
<br /> .:��•'�:��;�:h Trustor covenants end egreea with Lender as follows [J.;�'!l�`•�'��• "y`""
<br /> � �"����.•'( � �'�'�� 1. Parm�nt ol ind�bbdn�st.Ail Indebtedness secureq ha�aby sheU be peld when due. � •�'��t� '
<br /> ; ,� . ���� . 2. Titl�.Truetor is the owner of the Property,hes the r,g�t end autho�ity ta convey the Property.And werrenis t�at Ihe Ilen
<br /> �''�����' '' � ' ' created hereby ia a firat and prfor Ifen on the Propery,except 1or hens a��encumbrances Set forth by Tvu9tar in wTtlmg and 1'
<br /> '' !�`•�' �,•;,_, _ , .
<br /> "�•• ;�•,•,� •• del�vered to Lender beloro executlon of thls Deed of Truat.ancl!he execuuon and del�very o�lh�s Deed ot 7*ust does not v�oiateany `:•�.�,
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<br /> , ,;;:,,;�., co�'t�ract or other obligallon tc w+�:�h Trustor�s subject. �
<br /> ; ;;t,`,-'+� 3. Tax��,Assssm�nb.T�Qpy�elore dellnquency a��taxP� saec�a�assessment�a^�a� ather cnaryes aqa�nst tne P�operty : � ;�'�-,r,;�
<br /> :,;.:,•.' �,,t, now or hereeNer levred. .
<br /> ':•i�;� ,• • '� � 4. (nwranco.":xeep the Frrp�erty msurea agamst damaga oy��re.naz�artls�ncwdetl w�tnm the term°exlended coverape".and .
<br /> �;:;,. ' �'��' suCh other haa8rcis�s lender r+Ray requlre.�r�amounts and with Compan�es acceptabte to Lender,namMq Lender as an additlonal
<br /> .• ��:'�'� ,
<br /> . •�.�,,,; named insursd,w,t� +�ss paya8�:e t�1he Lender.In Case of loss under such pohc�es,the Lertder is euthonzed to ed�ust colleCt end
<br /> ' �'ir�^;.. comprortuse.alE c�a�rr:s thereurtrlar aRd shall have the opt�o�of apptymg au or part of tne mswance proceeda(q to any mden�edness ° �'�'�
<br /> ` ' seCUred hereby anA In suCh order as Lender may determme-(��)fo the Trustor to be uSed�o�the repeir or re8loraUOn Ot the Property � • �
<br /> •��`•' or(iii►for any otl+er purpose or ob�ect satlafacfory to Lender wdhout aHectmg the Uen o}tn�s Deed of Trust for the lull amount secured
<br /> �� � hereby Detore suLh payment eve�took place Any appl�cet�on ol proceeds to indebtedneas shall not extend o�postpone the due � •
<br /> J ��l.�\I.. Awl.. .1��Mw ...�.� M.� nAn .
<br />.. ---—'" Y�it fI�Ori��/Y/.irt�ru uiiuo� ��o��v�0.�i:vw:w�•:j vv�ui����.�v:vii..�v:v:..����i.��r�. ..
<br /> S. Eseror.U'pon wnften demand by Lerta��.Truator sho11 pay to Lender.�n such ma�ner as Lender mey des�ynate. suttic�ent ,
<br /> sumsto enable Lender to pay as they become due one or more ol the foilowmg �q a11 taxes.assessmenta and other chargesagamst
<br /> the Properfy.(��1 the prem�ums on[he property msurance reqwred hereundei.and(���I me prem�ums on any mortyage�naurance
<br /> • • requir�C by I.ende+ •
<br /> 8. M�i1lMeinCR Rl�sh��nd CA�pl.yw'-�MiOh Laws.Truslor shall keep the Property�n gOOG cond�UOn ana re�ar, 4n11i
<br />� � promptly repa�r. or repface any�mprovem�nt whiCh may be demaged or destroyed. shau net comm�t o� perm�t any wasre or
<br /> deterloraqon ol the Prope+ly.sh�l not remove.demohsh or substantially alter any ol Ihe�mprovemer�t5 0„the Prope►ry. s�au not
<br /> Commll,suN@r ot p@rm�t any eGt t�o Be done�n or upo�Ihe Property in v�o�etion ol any law,ordma�ce.or tequlat�on.nnd sna/l pey anC
<br /> � promplly dlscherge at Truator's cost and expense all Ilena.encumbrances and charqes lewed. imposed or assessed afleinst the
<br /> Property or any part thereof.
<br /> 7. EnliMnt Oomaln.Lender fs hereby aaaiqned all compensation,awards,damepes and other payments or reliet Ihere�nafler
<br /> "Proceeda")fn connecUOn wuh condemnetion or other takiny of the P►operty or part thereot,or tor conveyante�n I�eu of condemna-
<br /> uon.Lender shall be enptl�w at fts option ta commence.eppear fn and prosecute�n its own name any action or proceedinps.end
<br /> shall alao be entitled to make any comprpm�se or selUement�n connechon w�th such lakm�or damaqe In the event any port�o�et
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<br /> O 1 fM Mw.wr MN M C��ra t.w�r�a s�...,p�Awacwbn i�.wn M�aw� !
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