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<br /> "� ACKNOWLEDfiEMENT OF DEED OF TRUBT
<br /> :"�.�h � TRUSTOR READ THIB BEFORB 81QNIN0: �
<br /> ,�:� Tru�tor undar4f�nds that tha document ehet Trwtor I��bout to���CUb b a Dwd of Tru�q u�d eol�mortp�p��nd that th�pow�r �_ __
<br /> of wl�proWd�d for In M�O�W of TN�1 provlNs�ub�q�nGally dlMs►�nt�Iphb and obllp�tbn�to Tru�ta th�n a mortp�p�In Ihr w�nt
<br /> �'+ s of�dN�ult or bnaoh of obllp�Uon und�r th�D�J ol Tru�L Includinp,but not Ilmind to,th�L�nd�r'�rlpht to hw�th�P�opKty ald
<br /> ; ^;�� by th�TruttN without�ny Judlol�l proaNdlnp. Tru�ror npnwnb and w�rranb that thb�eknowl�dp�nNnt wp�t�d by
<br /> Tnata bNor�tlM�u�outlon of th�O�rd of Trus�
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<br />-- `�_�����°•='°'-" �. DEED OF TRtJBT WITH FUTURE ADVANCES -
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<br /> -�--�'�-°`�..,;t;���� THIS DEED OF TRU8T,1�made aa of the 28� dey of A��t ,1991,by and amonp
<br /> ':��.�s:,.:� �'' the T►usbr�� J. 3ternnnn and Berna�ette A Steart�n, huebant7 a�tt] wife, , _-
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<br /> .�..��:.�.. whow m�Ilinp addr�ss is �3 E. 2 ne3 St.. Grar� island. NE f880����reln"Trwtor;'whethw ona or moro),
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<br /> - --- - ';��_' �':'• Five Pointe Benk, a Nebraeka �oraoration. �
<br /> _ -_°.:;,. . th�Tru�tw� -, �
<br /> � '�'°`°'^�.: P.O Box 1507. Grand ieland. NE fi8802-1507 herein"TrwNe' And
<br />:;:,��; �: whose malllnp edd�na I� l 9�
<br /> , ,^ `. �'.�4 . Five Fointe Bank ��f
<br /> :� - tho B�noficl�ry, � --
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<br />-'--;� „u�..;� . whosa maiunp eddress le �•O eox 1507. Gran� island. NE 68802-1507 �hereln"lender"►. �-.._
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<br /> '�� ' ���f�''��' FOR VALUABLE CONSIDERATION,includin Lender'�extenalon ot credit Identftled horeM to 7•eRn� �i- ��"'�n �nd �Il�•
<br /> �a-r. �
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<br /> _�r� � Bert18C9ette A. Steclrtlatl (hereln "Borrower",whether one or more)and the Uust hereln creetad, --
<br /> z.t� �'"�y the receipt of which is hereby ecknowiedped,Truator hereby Irrevocebly 9rams,tranafera,conveys and esslgna to Trustee,IN „�--
<br /> -'Y�'�' ' THU3T,WITH POWER OF 3ALE,forthe benell�and aoaurlty of Lender,under end aub)ect to Me lerms and condlaons herainaftor wt
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<br /> ° ° faRh,the reai prapaRy,desaMbed aa tattowa: —
<br /> ��r j �"�`�� . � ' The Eeeterly Sixty (60) feet of Lot Seven (7), in Block Nfn�a (9)� in the Original �
<br /> .,. .:�;. , Tawn,now City of Grand Ialand� Hall Comty. Nebraeka.
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<br /> '''`` . ' Topethar wlth all bulldinps,Improvements,flxtures,atreets,alleys,passa�ewaye,easements,riphts,privllepea and appurte-
<br /> ,}, „` � ; nancea located thereon or In anywlee pertefning thereto,and the renta,lsaues and prollts,reverelons end remalMera thereof,and __F
<br /> such peraonal property that le atfeched to the improvementa so ae to conatitute a flxture,includlnp,but not Ilmlted to,headnQ and !
<br />- • ,i '� coolinp equipmen�and topether wllh the homestead or marital Interests,If any,whlch Intereete ere hereby released a�d wolved;all
<br /> � =:� ° ' of which,Includinp replacements and addlilons thereto,fs hereby declered to ba A part of the rapl adete aecurod by the IIYn ol thl� �
<br /> . �"". � � Doed oi Trust ond all of the Iwepolnp belnp referrod to Iwrein as lhe"Property".
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<br /> �'� Thl�Oaed of Trust ehall aecure (a)the peyment of the principal sum and intereet evidenced by a promi�sory not�or credit
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<br />- . ° .�:, . py►eemont datod .At�,a A,_ 7 g91 ,hevinp a meturlty date of�^^�p*�� ?►. 1 acfl ,
<br /> !!�.c.,..,- , in the odylnal principal amount of� 21�520.50 ,and eny and all modlflcallons,extenaiona and renewels —��_
<br /> ��• ;. ��� thereof or thereto end any and all luture advancea and readvances to Borrower(or eny ol them it more then one)hereunder
<br /> , •• 't�: , pursuant to one or more promlasory notes or credit agreements(herein called"Note");(b)the peyment of othe►suma advenced by �~
<br /> Lender to protect the security of the Note;(c)the pertormance of all covenants and egreementa of Truator aet torth herein;end(d)all �,_
<br /> ' present and future Indebtedness and obllyatlons o1 Borrower(or any of them ff more then one)to Lender whether dfrecl Indlrect,
<br /> ebaolute or contingent and whether arising by note,yuaranty,overdrait or otherwlse.The Note,thls Deed ot Trust and eny end all �
<br /> ,' other dxuentathef aecure the Noteor otherwiee executed In connectlon therewlth,including without Ifmltatfon yuerenteea,security �,. .
<br />_ � epreementa and aselpnments oi leasea end rents,shall be referred to herein as the"Loan Instruments".
<br /> .. ' Truator covenants end agrees with Lender as tollowa: �'
<br />- • 1. Paym�nt o1 Ind�bbdn�u.All Indebtednees secured hereby shall be paid when due. ��r•
<br /> ' . 2. Titl�.Trustor la the owner of the Property,has the right and authority to convey the Property.and warrants thet the lien �:
<br /> ;, created hereby Ia,�Ifrdt end prlor lien on the Property,except for Ilens and encumbrances aet lorlh by Trustor In wrlting and r
<br /> ' delivered to Lender.vfore executfon of this Deed of Truat,end the exeoutfon and dellvery of this Deed of Trust doea�ot vlolate any . .
<br /> contracf or other obligatlon to whfch Trustor Is subject. �
<br /> � 3, T�x�s,Msn�m�nb.To pey before delinquency all texes,speclal asseasments and all other charyes egefnst the Property �,
<br /> now w hereaNer levled. '
<br /> 4. In�url�nC�.To keep the Property Insured against damage by Ilre,hazards included w�thln the term"extended coverege",and
<br /> • such other hazerds as Lender may requlre,in amounts and wllh comparnes accepleble to Lender,naminp Lender as an eddltionel ;
<br /> named fnaured,with loas payable to the Lender. In case ol loss under such policiea,the Lender is authonzed to adjust,collecl and
<br /> Compromise,all clalms thereunder end shall have the option of applying all or part ot the Insurance proceeds()to any fndebtedneas .
<br /> eecured hereby and In such order as Lender mey determ�ne.(�i)to the Truator to be used(or the repalr or reatoratlon of the Property
<br /> or(Ifl)Ior any other purpose or ob�ect satlstactory to Lender w�thoul aHecting the hen ol this Deed ol Truat for the full amountaecured
<br /> • . ` hereby belore suCh payment ever took place.Any application of prpceeds to Indebtednees shall not extend or poatpone the due .
<br /> date of any payments under the Note,or cure any delault thereunder or hereunder.
<br /> 6 F�ernrr.llnnn wrlMwn rlamanrl hv 1 wndwr Tr�intnr ahall nav tn I wnrlwr In eur.h mannwr as Lwndwr mav deslonate.suHlclent .
<br /> suma to enable Lender to pay as they become due ane or more ot the follow�ng:(i)all taxes,easessments end other chargea egalnat
<br /> , the Property,(11)the premlums on the property inaurance required hereunder,and(III)Ihe premlums on any mortyape insuranCe
<br /> requfred by Lender.
<br /> } 8. M�Int�nonc�, R�p�ln�nd�:ompH�nc� wlth Law�. Trustor sha11 keep the Property in yood condltlon and repefr;ehall
<br /> " ' promptly repalr, or replace ony improvement whlch may be damaged or deatroyed;shall not commfl or permlt any waste or
<br /> • dete�loratlon of the Property;ehell not remove,demollah or subatentlally alter any of the improvementa on the Property:ehall nof
<br /> commlt,suBer or permlt any ect to be done In or upon the Property In vloletion of any law,ordinance.or reguletion;and ahell pay and
<br /> " � promptly dfscharpe at Trustor's cott and expense all liens.encumbrances and charqes levled. �mposed or assessed epaln�t the
<br /> Property or eny part thereof.
<br /> 7. Emin�ot Dom�ln.Lender fe hereby aesipned all compensatlon,awards,damages and olher payments or rellel(heremaher
<br /> • "Proceede")In connectlon wfth condemnetlan or other takfng ol the Property or pa�l thereof,or for conveyance�n I�eu of condemna-
<br /> tlon.Lender ehelt be entltled at Ite opuon to commenee,appear f n and prosecute m its own neme any aetion or proceedinge,and
<br /> ehall elso be entftled to make eny compromiee or senlement In connectlon wHh auch taklnq or demaqe.ln the event any po►tlon ot
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<br /> . M�C�l{71NOnprKUMur�1 Dwdl R�v 10 N p
<br /> � . O19WNN�u��ui►u1Cum�n«uirua�ndS�r.pt�uxyiro�l�aoin N��W �
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