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<br /> � ACKNOWLEDQBMENT OF OE�D OF TRUST __
<br /> TiiU870R READ THIS BEFORE SIONINCi: 91�"� i��8 e) 1 `�
<br /> .,,;• , Trwtor und�nfand�Ihat the documsnt that Trwtor 1�abaut to exocute Is�Oaed of Tru�t�nd eot�mortpep�and tlut Iha pow�► __-=__. _
<br /> �����;,� „� 01 ale p►ovldad for In ths Ds�d al Truet provfde�subatantlally dlfferom riphts and oblly�pons to Tru�tor than a mortp�po In th�w�nt ____
<br /> � �' � � '''�'� • • ola d�hult or bnach ot obllpotlon undor the Ooed of Trust.Includmp,but not Ilmited to,the L�nder's rlpht to hsw th�Proparty sold -
<br /> ,. ��� � ".:+�," by t h�Trw t w w i t h o u t�n y J u d f o l a l p r x N d l n p.T r u e t o r r e p r�s p n q N n d w a r r a n U fh�t thls�aknowl�d pament wa�xYCUtYd by. �..P_���-=��-
<br /> ^ . . Trustor bdor�th��xeaulion of the Deed ol True� ,�� , y.• r_�- . ��i;�v.�+T_�J -,
<br /> , �' �� -� Grr
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<br /> ;''� � MARTIN LARRY LEE ��
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<br /> � Trwtor `�T^�:-=- -
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<br /> � �'� � DEED OF TRU3T WITH FUTURE ADVANCEB ��`v�� � -�
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<br /> •�� ' ' THI3 DEED OF TRUST,is made af ot the_Z0Lli day of (�.- ,19._.gl.,by and amanQ •� �.�`�=
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<br /> f�'''�� y� the Tru�tor, MARTIN LARRY LEE MEEHTS � ainal�oereon -- � �`,"`-_--_
<br /> � , 4Z1 COMNANCNE GRAND ISLANperei�"Trust�'�3��8�r one or mara), �`��;
<br /> who�v molUnp addrass is (►� `';�Lx:�,�__
<br /> � ' the Troatee, Fivo �6t�nte Bank a Mehrael�a Sorporation . �""`�' --
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<br /> . �• whoae meilinp eddreas is P•0. Hox 150'7 Grand Ieland, NE 68802 �herem°Tni�tee'y,and ,,..�- � ' --
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<br /> j� the Benoticfary. FivQ Point,�@�p{� , ' "`'�: `'
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<br /> P �, Bex 1�7 Grnad faland ._�_faB802-150� (herein°161M67")� t�'-,_�-�_
<br /> `- � .: ' whoso mailfnp address is . « � ,;:
<br /> ,�,• ' �t:dl���''_%�'�._
<br /> ,1� „ � . FOR VALUABLE CONSIDERATION,includlnq Lender'e extenelon of cred�t Identflled nerein to �'""a"�.---
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<br /> � � M�RTiN 1_�RRY 1_R . MEFNT }�,M
<br /> � S. (hereln"Borrower",whether ona or mora)and the trust herein Creat@d, ti..r,_
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<br /> the recefpt ol which Is hereby acknowledped, Trustor hereby frrevocebly yrants,transfers,conveys and assigna to Tru5lee,IN �t�,:?
<br /> � TRU3T.WITH POWER OF SAIE,lor the benefit and aecunry of Lender,under and aub�eat to the terms and conditions hereinafter aet �*�?,�;;-
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<br /> � forth,the real property,described ae lollows:
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<br /> (, . I.OTS ONE t 1). I'WO (2)� ANL THREE (3) ALL I N BLOCK TW� l 2) I N CLARKSOH'S ��"'_�
<br /> FIRST ADDITION TO THE VILLAGE OF ALDA. HAL.L COUMTY, HEBRASKA. "°
<br /> .. �s—
<br /> �a��.�"nt-
<br /> � Topether wlth all buildfngs,Improvements,hxtures,atreets,alleys, pessegeways.easemeMS,r�ghts,privdegea and appurte• ..;'.'�.�:_-=°`=`
<br /> nenCea loCated ihereon or in enywise perteining thereto,and the rents,issues and prohts,reversions end remainders lhereof,and ..•`';.��,,��,.
<br /> auah per8onal property thal Is attached to the�mprovements so as to const�tute a fixture,fncludfng,but not Nmfted to,heatlng and °"�ti��"'-- -TS_
<br /> � � cooling equipment;and tagether wlth the homestead or marital intereats.�I any,whlch fnterests are hereby released end weived;all
<br /> 't�� • cf which.InCluding replecements and addiNons thereto,Is hereby decfared to be a part ol the real estete secured by the Ilen of this �'�
<br /> ' Deed of Trust and all ol the loreyoinq be�ny relerred to herein as the"Property". • �-
<br /> ' . � � Thle Deed ot Truat ahall secure(a)the payment of the pnncipai sum and�nterest evidenced by a promissory note or credlt � , �
<br /> ',.. p; " epreemenl dated .1�� .--.-,having a metunty dale ot _-_- ' � ` :�;`�.�..
<br /> ' �' • '�"' in the origl�al prinClpel amount of S 10��0A e� _�. ,and any and ell moddiCaUOna,extens�ona end renewals ;. :�_�-"
<br /> += • �!�, thereof pr thereto and any and all future edvances and readvances to Borrower (or any of them il more than one)hereunder
<br /> ( X�.-_:
<br /> `�: • purauant to one or more promissory notes or credit agreements�herein called"Note"I.Ib►the payment ol other sums advanced by I , ���'!�;
<br /> �'�' ��'� Lender to protect lhe seCUtity ol the Note;(c)the pertormance of all covenants and agreements ol Trustor set forth herein;and(d)ell ,
<br /> ` ��� ' preaent and luture indebtednoss and obligations ot 8orrower(or any ot them il more than one►to Lender whether direcL Indlrect,
<br /> ��, „�'" . .. absolute or conlfngent and whether ar�sing by note,guaranty,overdrall or olherw�se.The Note.this Deed o1 Trust and any and ell
<br /> . � � other dOCUeM9lhet SBCUre the Note or otherwise exeCUted in ConneCUOn Iherewith,includmg without IfmdeUon guaraMees.SBCUrNy j �
<br /> • ayreements and assignments of leases end rents.shall be relerred to herem�s the"Loan Instruments". ' •
<br /> ' � ��� �� � Trusto►covenants and agrees wlth lender as follows� '
<br /> �� 'r� 1. P�ym�nt of Ind�btadne�f.All Indebtedneas secured horeby shall b�pa�d when due.
<br /> �'� �' 2. Tlp�.7rustor is Ihe owner o(the Property,hna the r�ght and author�ty to convey the Property.and warrants that the lien
<br /> Created hereby�s a lirst and prior lien on the Property, except lor I�ens and encumbrAnces set lo�th by TrustOr�n wnt�ng and
<br /> delivered to Lender belore executlon o1 this Deed ol Trust.and the execulion and del�vory o1 th�s�eed o►Trust does not violate any
<br /> contrect or other obligation to wh�ch Trustor�s sub�ect
<br /> 3. Tax��,AstYttmenh.To pay before delinquency an t:�zes,speaai assessments a�d ai�other charges against tne Prope+ry
<br /> now or hereaRer levied.
<br /> ,' � 4. Imuranee.To keep the Property�nsured aga�r,s�damage by I�re.huza�ds�nciudetl w�th�n tne ferm"exte�tletl coverage'�.antl �
<br /> auch other hazards as Lender may►equire �n amounts nnd w�th compnrnes accept�bie to lende..naming l.ender as an adddional
<br /> named insured,With IOSS payable to the Lender.In c89e o1 loss unde�Such po��r.ies,the LendPr is a�thon2etl to ad�ust Collect and
<br /> Compromise,ell C�eims thereunder and sh31I have the opt�on o�ap��y�ng t�Il or pprt o�the�nsu�ance p�oceeds 1�)to any�ndebtedness
<br /> • seCUred hereby and in such order as lender may dete�m�ne.l��)to tn�Trustcr to be used for tne repa�r o��eatoraticn of the Properry
<br /> a(fif)for any other purpose or ob�ect sahafactory to Lender w�thout aNectmg tne I�e�ol Ih�s Deetl of 7rust for tho lull amount secure0 �
<br /> hereby before such peyment ever to0k pleCe Any oppl�cAtion of proceeds to�ntlebtednegg ghall not extend or postpone the due
<br /> date ol any payments under Ihs Note,or cure any dcelault thereunder a�hereunder
<br /> - ...,.. a.. ...,. �n... ..�
<br /> 0. C�CfOYr.upon wriiinn uvma��u uy�anua�.T�uai�� a�ro�i Mcir W�.C��UO�.��. JY\.��.��-b�ur��......"";� .�='n°......°:. .�°
<br /> sums fo eneble Londer to pdy as they become due one or more o1 the tollow�ng 1�1 all taxes,asseasments and other charges aga�nst
<br /> the Properry,(fq the premiums on the property msuranCe required horeunder,and�u�1 the prem�ums on any mortgage insurance
<br /> • requlred by Lender.
<br /> 8. MNnt�nanc�.R�paln and Compllanc�Wfth Low�. Trustor ghall keep the Property in g0od condition and repair,shall
<br /> promptly repair, or replBCe Any Improvement which may be damaged or destroyetl. shali not comm�t or permn any was�e or
<br /> detenOretlon of the Properly:Shall not remove.demol�sh or substantially a�ter any o�the�mprovements on the Prope►ty.Shall not
<br /> cammft,sutfer or permrt any act to be done�n or upon tha Properry in wo�anen:!�^j!�r•,o��±��a�cp.e�►eguiaUOn,and snau pay and
<br /> promplly disCharge at Truator's cost and expense all Ilens.enCUmbrances and charges lewed.imposed o�assessed againgt thn
<br /> Property or 8ny pert thereol
<br /> 7. Eminanl Domaln.Lendor ia hereby as�igned all compensat�on,awards.damages and olher payments or reliel(here�nafler
<br /> "ProCeeda")m�onneCtlOn wdh Cond@mnetion or other takmg of the Property or part thereof.0►�or Conveyance m lieu ol condemne•
<br /> tion.Lender shall be entltled at Its option to commence,appear�n and prosecute�n�ts ow�name any action or proceedmgs,and
<br /> ehell elso be entitled to make any compromise or setllement m ConneCtion wilh such taking or damage In the event any pOrt�o�ol
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<br /> NIC 7�671NonprKU4w�i Dwdl Mr t0 6B
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