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<br /> ,�,� ' � ACKNOWLEDOEMENT OF DHED OF TRUBT ���3 0 5�116
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<br /> -��,�..�...�... TRtiSTOR RFAD TFH8 BEF�RE 810NIN3:
<br /> �� Tru�tor und�nUnd�tl�t th�dooum�M th�t Tru�tor i��bout to uc�ou�s b e DNd of Truat�nd nol�mortp��nd that M»pow�r
<br /> - -��° -- - of�at�provfd�d tor in ih�Owd ol T�uot{xovld�oubatantlatty dlffcront�Ma and obllya�one f�Truetor fhan s mortsepe In tM erent =
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<br /> - :. ' 01 a dNault or bnaah of obllpadon under the Oeed o}Tru�t Inoludln�,but not Ilmit�d ro,d�e I.�nd�r�ripht to ha�th�Prop�rty foW
<br /> - - hy Ih�Tru�without�ny Judlold proeMdlnp.Trwror r�nnpnts md w�►r�nt�th�t thb�aknowNdp�m�nt ww�x�out�d by _
<br /> -�I°---- Trualo►bMon th��x�cutbn M th�Med ol Truat ”`
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<br /> _ .:�� � NAS . Tru�tor `
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<br /> _ .;�::_:;�;��y,,. IIOAWIE P. A . Trudor
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<br /> -�—�_��•�;:A°= DEED OF TRUST WITH FUTURE ADVANCEB
<br /> --'-`�:�i�sr� , THIB DEED OF TRUST,i�made as of the?9�IL day of A�Q• ,199_1.,by and omonp —
<br /> — -''-.��%fi;�
<br /> '.�u�:�"`�-°`'� the Tru�tor� TxOtuS E BABBI. i KOAMNE P. BABEL � hwb�ttd �nd rit� �
<br /> �.k., . _
<br /> -��—_-;:':: . Yood Rivar •
<br /> ��{�'�' .. whos�mAllinp addreu i�P 0 Box 36 (herein"Truetor;'wMdwr ona or moro), ---
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<br /> – ���;.::�,,;�� F q�T,���, Riw Pointo Bank, a It�bruk� Corporatioa _. �
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<br /> ��r ' --`f`:�,. "" , •. whos�maillnp address b P•0. 9ox iSN7 Gt�nd I�l�nd. ME G9802 (�rein"Trwt�"l,end
<br /> '�-��1.,� <�����•. the Bondlc� Piw Poin�� Brnk ,
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<br />�Y"-�``' �'•+,.,t .. �., whoae mailinp eddro�a I� P 0. Box iS07 tirand i�l�nd� ME. f+8802-1507 (hereln"Lender'�. –
<br /> �-d;,�: i' . '•�' � THONAS E. BABF.I.
<br /> -� � ��.,'�,`...,i. FOR VALUABLE CON3IDERATION,Inoludlnq Lender's extenNon of credit identllled herein ro =
<br /> ,�,�. �'`M :�: . . _'
<br /> ;_ as�__ � vffLYYi! p_ ew9EL (herein"8onower",whather o�e or more)end the uuat hereln creaWd,
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<br /> - ;�.,�•�^• the recelpt of whlch Is hereby acknowledped,Truetor hereby irrevocebly prsnta,trenefers,conveys and aeel�ne to Truetee,IN
<br /> �-�;_;� �;� ;_ A;.� TRUST,WITH POWER Of SALE,for ihe benetlt and oecurlly of Lender,under and sub�ect to tho terms and condltions herelneRer set
<br /> - iath.the raat prapsrty.dcrc:ibad a5 lollotisro:
<br /> .,,.
<br /> �.� •�� LOT S IN BIVEBINB SUBDIVISION AN ADDITIOIi TO THB CITY OF MO� RIYER, NAi.i. CCi•
<br /> '�'' . " ' MEBRASKA•
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<br /> � - r +<M�� .d •
<br /> � :g�y._ .o.... ..
<br /> -- . d...µ:....; Topether wlth ell bulldi�ps,improvements,flxtures,atreets,alleys,paesapeways, easementa,riyhta,privllepes and appurte-
<br /> <.-•• : �. nencee located thereon or in anywlse pertelninp thereto,and the rente,iaeues and proflls,reveralone end remaindera thereof,and
<br />'��� � ::•.�i:r:' `: . ouah penond properly thet Is attached to the improvements ao as to conatltute a fixture,fncludinp,but not Iimited to,heatlnp end —
<br /> �. � •�� � cooNnp equlpmenk end topether wNh the homestead or merltel Interests,if any,which Intereats are hereby released and weived;all �
<br /> _. of whlCh,includlny�eplacementa and addflions thereto,Is hereby declered to be a port of the real eeWte�ecured by the Iten ol thia -
<br /> ,•� Doad of Trutt and all of the forepolnp beiny relerred to hereln a9 the"Properry".
<br />- ,'�.. '
<br />� �� `"-' � Thls Dead of Truet aheQ�ecure(a)the peyment of the prMcipal aum and Interest evidenced by a promlasory note or oredit —
<br /> � ��`:°��-�' Oatob�r 12lh 1991 _.
<br /> , ,. apreemont datad ��39tti i�i ,havin�a meturlry dateoi , _
<br /> .,,,°, . . 60 000.00 -
<br /> ' � . � in fhe ori�inel principel amount of S -a ,and any and all modifications,extenaions and renewale
<br />_ ••�R � " � A� thereot or thereto and any and all future edvancea and readvances to Borrower(or any o}them II more than one)hereunder
<br /> � . pu►suent to one or more promlesory notes or credit egreements(hereln called"Note"►: (b)the peyment of other sums advanced by �
<br /> . Lender to protect the aecurity of the Note;(c)the pe�farmence of all covenants and agreements of Truetor set lorth hereln;end(d)all
<br /> ��x..:�• ., present end tuture Indebtedneas and obNpations of 8orrower(or any of them il more than one)to Lender whether direct,Indirect,
<br /> , `� absolute or contingent and whether arlsing by note,yuaranty,overdraR or otherwlse.The Note,tMs Deed of Truat end any and all
<br /> . ~. , . � �, other docuente that aecure the Note or otherwise executed in connectbn therewith,incl udinp without Ilmltetion guaranteee,securiry �
<br /> � .� ,., . o apreements end aseipnments of leaees end rents,ahall be reterred to herein as the"Loan Instruments". _
<br /> ' •� Trustor covenenta and agrees wllh Lender as follows: �
<br /> -� • 1. P�ym�td of Ind�bt�dtNta.All Indebtedness secured hereby ahall be pafd when due. -
<br /> 2. Titl�.Trustor is the owner of the Property,has the right and authority to convey the Property,and warranta thet the Ilen =
<br /> � created hereby la a Ilrot and prlor Ilen on the Property,except lor Ilens and encumbrences set forth by Trustor In wrftinp and
<br /> detivered to Lender before executlon of thls Deed of Trusl,end the executlon and del�very of thfs Deed of Truat does�ot violete eny
<br /> contract or other obNgatlon to which Trustor is sub�ect.
<br /> 3. T�xN,AssNNn�nb.To pay before delinquency all taxes,speael assessments and all other charqes apalnat!he Property
<br />� ''i � now a hereaRer levled.
<br />, 4, tnsur�nc�.To keep fhe Property insured against damage by fire.hatards�ncluded wfthin the term"extended coverage",and
<br /> `� ���� euch other hazards as Lender may requlre,in amounts and wfth compeniea acceptable to Lender,namfnp Lender as an additfonal
<br /> • named Insured,wlth losa payeble to the Lender.ln cese ol losa under such pollc�es,Ihe Lender Is euthorfzed lo ad�usl,collect end
<br /> compromfse,all clelma thereunder and shall have the optlon of applying all or part ol the inaurance proceeds(q to any Indebtedness
<br /> eecured hereby and In such order es Lender may determine,(iq to the Truator to be uaed for the repa�r or reatoredon of the Property
<br /> , w(IH)for any other purpoee or ob�ect satislectory to Lender wlthoul ettect�ng the lien ol this Deed ol Trust for the lull amount secured
<br /> � hereby before such peyment ever took place.Any applfcetlon of proceeds to Indebtedness ahall not extend or poatpone the due
<br /> dete o18ny payments under ihe Note.or cure any default thereunder or hereunder. �
<br /> R E�eroW.lleen wrltlen demend bv Lender.Trustor ahall�av to Lender.In such manner as Lender mav deslanate.suHfclent
<br /> � . : aums to eneble Lender to pay as they become due one or more ol tha following�i)a�l taxea,:�ssessments and other chargea apalnst
<br /> � tha Property,(il)the prem�uma on the property inaurance reqwred hereunder.and I�li 1 the premwms on any mortqaqe�neurance
<br /> raqulrad by Lender.
<br /> • 6. MaIM�n�nc�,R�p�in and Compll�nc�wltM L�w�.Truslur al�all kaep the P�operry in good condit�on and repalr, shali
<br /> promptly repalr, or replece any improvement which may be damaged or destroyed:shau not comm►t or permlt any waste or
<br /> " deterloratlon of the Property;ehall�ot remove.demolish or substentlally alter any ol the fmprovementa on the Property; ahell not
<br /> commlt,sufler or permit any act to be done�n or upon thu Property�n wolaUOn of any law,ord�n4�ce,or reyulatlan,und ahall pay and
<br /> � promptly ditcharge et Trustor's cott and expense all ilens,encumbrances and charpea lev�ed,�mpoaed or asaessed ayamst the
<br /> ,�� Properly or any part thereof.
<br /> . � 7. Lmin�nt Oomaln.Lender fe he►eby aeelpned all compensetlon.awards.domeges nnd other peymenta or relfel(hereinaRer
<br /> � � "ProCeeda"►In conneCtlon wllh condemnetlon or other tekfny ol the Property or poh lhereof,or tor conveyanae in Ileu of condemna-
<br /> tlon.Lender shell be entltled at its optfon to Commence,nppear In nnd pre�ecute�n Ita own npme any ecl�on or proceedfnps,and
<br /> �hall al�o be entltled to make any compromiae or sotllemont m connect�on w�th such tak�ny ar eamayo In the event any portion ot
<br /> - � N�C y�{11NoMpKUnurN Dwdl�er 10!0 .
<br /> � � 01�NNNwrW��NO1Canm�aTrY�l�ndf�v�rp�AMOC�Man L�ncWn NNr�N• ,
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