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<br /> • ACKNOWLED�E1AEIoIT OF DEED OF TRUST 94�
<br /> TRUBTOR READ THIS BEFORE SI(iNiNCi. . 101�� �
<br /> - Trustor und�nUOds that th�document thd Tru sbr is about to�x�cut�is a D�ed of Tru�t and nol a mort�ap�and th�t tho pow�► _
<br /> ,:: of wN provid�d lor In th�DNd of Trust provid��tubtfand�lly difler�nt riphb and obilyatlom to Tru�tor then a mort�aye in th�w�nt
<br /> - ---�-�-.-- of a dd1►ult or brwch of obllaatlon und�r th�DNd of Trust,i nctudiny,but not Ilmitad to,th�L�nder'�ripht to hav�tho Prop�rty sold
<br /> by ttN T�u�without any Judiattl procNdin�.T�utwr r�pnwnu and warrant�that thl�a knowt�d{�om�nt wu�x�ouUd by
<br /> -- .�".�c.'� Tru�ta bNor�th��x�autlor►ot ths D«d of T�wt
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<br /> .t'` no C. WQnn�rusror N�r:i�d P�r�on -
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<br /> �-�����.�•�+•.� • �Tru�wr M�rri�d P�r�on =_
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<br /> `�"`""�'`�� DEED OF TRUBT WITH FUTUfiE ADVANCES �
<br /> ,����� 31st J�n. ,1y_.�,�y�nd amonp —'"
<br /> TH18 DEEO OF TRUST,te ma W�anol{ho—.._-.day o1_
<br /> �;�y��:,�,�„�, , ArAOld C. � LIMDA C. 11fi11N . �rri�d p�r�oa , _
<br /> �: °��• ��.u� tM Trustor. -
<br /> - c,,;� 'irZind-Tsi3T Cir tirand I�land N� fa8801-7365
<br /> ��' whoN mallinp�ddr�ss 1� �---- (h�nin"Trustor;'wh�th�r on�or more),
<br /> � ;,,;�,�:.�;,,;;� Five Points B�ek, w N�br��ka Corpor�tion , �-.
<br /> �.:::Y•' " ' ° th�7rustN.
<br /> ;:;:_,�!��, P.0. Box 1�7 Or�nd I�l�nd• HB f,8802 �� `
<br /> ' • � • whoN ma���nQ addresa Is_ (hereln"Trustee"),and _
<br /> Fiv� Pointa B�nk -��
<br /> ' �i�'*��' th�B�nNlclary. � —
<br /> , �.:��...• 2iis M. Hroadrell (isand I�l�nd. NE. 68802-1507 �==
<br /> ,,+ic�_ii���•,;., whot�mtlHnp addrws i� (hvrein"Lender"). __-
<br /> Y�• Arnold C. Wenn ==
<br /> • " FOR VALUABLE CONSIDERATION,inciudinp Lender's extension af credit identified herein to —:
<br /> .��':�•` . i LIMDA C. MBtili �
<br /> ' �, '� (heretn"Borrower",whether one or more)and the trust hereln created,
<br /> �,,;,,��,,,� the recqipt of which is hereby acknowledyed,Trustor hereby irravocebiy grants.transiers.conveys and assigns to Truatee, IN �,�`
<br /> � .;�.•_.;__,,.__t,,. TRUST,WITH PUWtrt Ur�n�t,tor cna Lm�viitand so.:..��:�c!LC�dCY.U�dPr q�d a��hiar.t M thq twrms ettd CO�dIt10t18 hB►6i�8ft8t 8Bt __
<br /> torth,the reat properry.deacnbea as foiiows: °
<br /> LOTS TWO(2) AND THREE (3), BLOCK THREE (3) , GEORGE LOAN'S _
<br /> • SUBDIVISION IN THE CITY OF GRAND ISLANl7 HALL COUNTY� NEBRASKA. �
<br /> �� � . Toyether wlth aU bufidfnps,improvements,f�xtures,streets. a�leys,passageways,easements,rights,prlvileyes end appurte• ��;-
<br /> nances located thereon or in anywise pertainfnp thereto,and the rents.�ssues and profits.reversions and remainders thereot,and
<br /> � ; auch peroonal property that is attaChed to tho improvements so as to constitute a fixture.�ncludmg.but not limited to,heating and �'�
<br /> �.• cooilnp equipmenk and together wfth the homeatead o�mantal�nterests.�f any,wh�Ch interests are hvreby released end walved;all '
<br /> . of whlch,Inciudinp replacements and additiona thereto,is hereby declared to be a part ot the real estate secured by tha lien ot thl�
<br /> ��� � ' Deed of Truat and all ot the torepoinq beinp refe�red to herem as the"Property".
<br /> ,, ; E
<br /> Thie Deed ot 7rust$hall secure(a)the payment of the pnnc�pal sum and interest evidenced by a promissory note or credit
<br /> (, " ayreement dated Januuy 31tt 1994 ,h8v�ng a matunty dete of . JYly 30th 199� ,
<br /> �; 35,028.50
<br /> . in the ori9l�ai principai amount of$ —_------- .and any and al1 modii�cetions,extensions and reneweis
<br /> thereof or thereto and any and ail future advances and readvances to Borrower(or any of them �t more than one)hereunder
<br /> pursua�t to one or more promfssory notes ur credit agreements(here�n calted"Note"):�b)the payment of other sums advanCed by
<br /> • " Lende�to protect lhe security ot the Note:(c)the performance ot aIl covenants and agreements ot Trustor set forth herein;and(d)elI `
<br /> • present and future fndebtedness and obtigations of Borrower lor any o(them it more than one)to Lender whether dlreCt,indirect,
<br /> • absolute or contingent nnd whether e���::�g by note.puaranty,overdralt or otherw�se.The Note,th�s Oeed of Trust and any and eIl '
<br /> other docuents thet seeure the Note or�therwise executed m connect�on therew�th.�nclud�ng w�thout limitetlon querantees,securlty
<br /> � ' ayreements and essignments ot leases and rents,ehall be referred to herein es the"Loan Instruments". �
<br /> Truetor covenants and agreea wlth Lender as follows: •
<br /> ' � 1. Paym�nt of Ind�bt�dn�s�.AII indebtedness secured hereby shall be pa�d when due.
<br /> 2. Titte.Trustor fs the owner of the Property,has the right and authonty to convey the Property.and warrants that the I�en
<br /> Created hereby Is a ftrst and prior lien on the Property, except for I�ens and encumbrances set forth by Trustor m writing and
<br /> � detivered to Lender before execution of this Deed ot Trust,and the execution and delivery of th�s Deed of 7rust doas not vfolate eny
<br /> � ContreCt or other obligation to which Trustor is sub�ect.
<br /> ,_, 3. Taz�t,Au�ssm�nb.To pay before dehnquency aIl tazes,speaal assessments and a��other charfles ayainat the Property
<br /> - now or hereatter levied.
<br /> ' . 4. Imuranc�.To keep the Property Insured aflamst damage by tire,hazards included w�th�n the term"extended coverage",and
<br /> . • � � such other hazards as lender may requfre,f n amounts and with comparnes acceptable to Lender,naming Lender as an add�tional
<br /> � named Insured,with loss payable to the Lender. In case o1 loss und�•such pot�cies.t1,e Lende�is authonzad to ad)ust,cotlect and
<br /> � Compromfse,atl claims thereunder and shall heve the opt�on of apply�ng alI or part ot the�nsurance proceeds(�)to any fndebtedness
<br /> ' p aecured hereby and fn such order as Lender may determ��e,pi)to the Trustor to be used for the repair or restoration of the Property
<br /> ' .: or(Itf)for any other purpose or obJect satlsfactory to Lender without affecting the Ifen ot thia Deed of Trust for the full amount secured
<br /> , hereby betore suCh payment ever took place.A�y appl�cation of proceeds to indebted�eas shall not extend or postpone the due
<br /> _ � data of any payments under the Note,or cureany defautt thereunder or hereunder.
<br /> ��_._. ..__.— .
<br /> c e��.�... ��......,.,.�N.�.�pm,.nd hv t wnder.Truator ahall nav to Lendar.�n such manner as lender may des�ynate,SUHtC�@�t
<br /> �- — '�'-----... .. _ .. v. �...........�..........._. _-�--- - -•
<br /> � , � aums to enable Lender to pay as they become due one or more of the tollowiny:(�)alt taxes,essessments and other charqes egn�na�
<br /> the Property.(�l)1he premlums on the property�nsurance required hereunder,end(iu)the premium8 on eny mortqaye insurance
<br /> , ' � requirad by Lender.
<br /> '� 6. Mdnt�n�nc�,R�paln�nd Compll�nc� wlth L�ws.7ruator shatl keep the Property in pood condition a�d repair; shall
<br /> � � promptly �epair,or rep�ace any Improvement wh�ch mny be damaped or destroyed: shall not commit or permit any waste or
<br /> " deterforation of the Property:shall not remove.demolish or substantlally alter any of the�mprovements on the Property:shall not
<br /> ' � commft,auHar or permlt any ect to be done in or�pon the Property in wolation ot any law.ordinance,or regulatfon;and shall pay and
<br /> �•_ � promptly dlschar�e at Trustor's cost and expen se alI Ilena.encumbrances and charges levfed.imposed or asaessed ayainst the
<br /> ' Properry or any part thereoi,
<br /> 7. 6mtn�nt Dom�In.Lendor Is hereby as�I�ned all compensation,awarda,damagea and other payments or reliet thoreinafter
<br /> �i• "Prxeeda'�in connection wlth condemnatfon or other takfng of the Property or part thereof,or for conveyance In 11eu ot condemna-
<br /> � • Uon.Lender shcll be entltled at tts�ptlon to commence,appear in and prosecute in its own name any action or proceedlnps,and
<br /> �
<br /> shall also be antltled to make any Compromlee or eettlement In conneCtlon wtth 8uch takfny or tlBmape.ln the event any po�tion of
<br /> H�c sae��N«+w�K����,u o..e��..+o�e� i .
<br /> �t�N NNwtW�MY d[ommna Trun�M S�v�ros Awc�atwn.L�rcan.tNer�LL� :
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