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APPL# 001-00061915
<br /> ! CCD# 0100458777
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<br /> HOME FEDERAL - GRAND ISLAND
<br /> 221 South Locust St., P.o. BoX ,009 9 9 10 7 4 6 6
<br /> Grand Island, Nebraska 68802-1009
<br /> 308-382-4000
<br /> ACKNOWLEDGMENT TO DEED OF TRUST
<br /> The undersigned "Trustor" as identified in the following Deed of Trust, whether one or more, understand that the
<br /> document they are about to execute is a Deed of Trust and not a mortgage, and that the power of sale provided for
<br /> in the Deed ot Trust provides substantially different rights and obligations to the Borrowers than a mortgage in the
<br /> event of a default or breach of obligation under the Deed of Trust, including, but not limited to, the Beneficiary's right
<br /> to have the Property identified in the following Deed of Trust sold by the Trustee without any judicial proceeding.
<br /> Trustor represents and warrants that this Acknowledgment was executed by them before the execution of the Deed
<br /> of Trust hereafter set forth.
<br /> �
<br /> ROBERT E SPECK
<br /> SHARON A SPECK
<br /> HOME EQUITY LINE DEED OF TRUST
<br /> THIS TRUST DEED made this 17TH day of �Y � 1999 between
<br /> ROBERT E SPECK AND SHARON A SPECK, HUSBAND AND WIFE
<br /> hereinafter call "Trustor", whose mailing address is 2120 STAGECOACH RD, GRAND ISLAND, NE 68801
<br /> ; as "Trustee"; and Home Federal Savings and loan Association of Grand Island, whose
<br /> mailing address is 221 South Locust, P.O. Box 1009, Grand Island, Nebraska 68802, as "Beneficiary".
<br /> For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to Trustee, in trust, with
<br /> power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Deed
<br /> of Trust, the following described property located in x�L
<br /> Nebraska, to wit: "
<br /> LOT TWENTY FIVE (25) , REGENCY BY THE GREEN SUBDIVISION IN THE CITY OF
<br /> GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> together with all buildings, fixtures, improvements and appurtenances thereunto belonging, it being agreed that all of
<br /> the foregoing shall be hereinafter referred to as the "Property".
<br /> FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained and
<br /> the payment of the principal sum of FORTY THOUSAND DOLLARS & NO/CENTS
<br /> Dollars ($ 40, 000.oo ), as evidenced by a Home Federal Home Equity Loan Agreement between
<br /> Trustor and Beneficiary (the "Loan Agreement"), pursuant to which Beneficiary will advance funds to Trustor from time
<br /> to time at the interest rates and upon the terms provided therein, together with any sum or sums of money with
<br /> interest thereon which may hereafter be paid or advanced under the terms of this Deed of Trust, both principal sum
<br /> and interest thereon being payable according to the terms set forth in the Loan Agreement, reference to which is
<br /> hereby made, at the office of the Beneficiary in Grand Island, Nebraska, or at such other place as Beneficiary may
<br /> designate in writing.
<br /> TRUSTER AND BENEFICIARY COVENANT AND AGREE AS FOLLOWS:
<br /> 1. Warranty of Title. Trustor is lawfully seized of the Property; has good right and lawful authority to sell and
<br /> convey the Property; the Property is free and clear of all liens and encumbrances except liens now of record; and
<br /> Trustor will warrant and defend the title to the Property unto the Trustee and its successors and assigns forever
<br /> against the claims of all persons.
<br /> 2. Payment of Principal and Interest. Trustor shall punctually pay the principal of, and interest on, all advances
<br /> under the Loan Agreement and will punctually perform all agreements, conditions and provisions of any other security
<br /> instrument given in connection with this transaction.
<br /> 3. Preservation and Maintenance of Property. Trustor will not commit any waste upon the Property at will, at
<br /> all times, maintain the same in good order and condition and will make, from time to time, all repairs, renewals,
<br /> replacements, additions and improvements which are reasonably required to prevent waste, impairment or deterioration
<br /> of said property. No building or improvement now or hereafter erected upon the Property shall be altered removed
<br /> or demolished without the prior written consent of Beneficiary.
<br /> 4. Insurance. Trustor, at its expense, will maintain with insurers approved by Beneficiary, insurance with respect
<br /> to the improvements and personal property constituting the Property against loss by fire, lightning, tornado and other
<br /> perils covered by standard extended coverage endorsement in an amount equal to at least one hundred percent of the
<br /> full rep!acement value thereof, and insuran�e against such other hazards and i+�such�oun#as is c;ustomarily carried
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