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<br /> ACKNOWtiDQ�MENT OF DEED OF TRUgT
<br /> ���.�� 94� ios��o
<br /> ' TtuN�tw�dK�hnd�t�W M�dooum�M thd TiuNor R�boutb�i�M Is a�1 of Tn�t�nd�M a morq�p��nd�t 1h�pow�r
<br /> ot wIR P��ior in 1M Oa�d ol Tn�st pravld�s wbaantlaly dMfannt�hqt and oblfpNllon�to YruMOr M�n�mo�q In tM�wnt
<br /> of�dMlwlt a brMCh of obYp�HOn und�►th�DNd of Tru�t tncludlnp.but not Ikniad Io.th�I.�nd�r's rlpht 10 haw tfN Prop�+�t rold
<br /> T�rwlorTbMory 1h� ui�0u110n of I�M p�d�Tinp�.Yruttor riprN�nb��d wunnb that thl��aknowl�dp�nt wM�woul�d by
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<br /> �acpr� �rwwr
<br /> Truqor
<br /> — DEED OF TRUST WITH FUTU1iE ADVANCE8
<br /> THIS DEED OF TRU3T,is m�d�as of the._13L�d�y of F�b• ,19�by and amap
<br /> th�Trustor, g�ri� 6xQ;�s� Ina .
<br /> Po Box 128Z Rraad i�l�nd Ne 68802-1282
<br /> who�s mIt(Ifnp addnss is (h�rein"Tru�tor;'wh�th�r on�a mon).
<br /> "•.;�' the Truet�e, Five Painta 6ank • 1Mbr�slc� Corporatioa �
<br /> '"�, whoN mailinp address is P.0. 8ox 1�7 tir�nd I�land• MB b8802 (h�r�in"Trustw'7.and
<br /> the Banepcfary, Fiv� Points B�nk ,
<br /> - whoss m�il►np addres4 is 2�15 M Bro�dtiRll 6r�nd I�land. 11B. 6880 - (►»r�ln"t�nda'�.
<br /> FOF7 VALUABLE CONSIDERAT�ON,tnciudinp L�ndar'�ext�nsion of crodit IdenGtl�d h�r�ln to
<br /> - g�r�� E�r�n Ina (herNn"Borrower",whather one or more)and th�tru�t hWNn Cr�bd,
<br /> -_ the rec�lpt of which Is h�r�by�cknowisdyed,Trustor hereby frrevocably pnnts,trantters,convay�a�d�ssl�ns to TrwtN,IN
<br /> TRUST,WITH POWER OF SALE,tor the benedt and socuriry of Landar,under and subJect to tho terms and conditton�FI�f�IM�f Nl
<br />" � (onh,th�rMt property,dµarib�d as foilows:
<br /> �. .
<br /> ..�,��,;,:,..,'"",�• 3aQ attachad.
<br /> .j,t;i.-.�,..�:.a�,iMU r. .!
<br /> '�, �4
<br /> .�de�is4:i�Ew,d1�:f`:ri�
<br />- 'if�• - '� ��• �, ��i Topether wlth ali buf�dlnps,Improvements,tixtures,streets, alieys,passepeways,easements,riflhts,p►IvUeyes and appurte-
<br /> • ;,�., � , nancoa located thereon or in anywise pertainin9 thereto,and ihe rents,lasuea and profits,reversions end remalndera thereof,and
<br /> such personai property that is attached to the improvements so as to constitute a flxture,fncludinp,but not Ilmited to,heating and
<br /> �'•'���' •� � cooilnp equlpmenh,and topether with the homestead or marltai interests,il any,which Interesta are hereby released and weived;ell _
<br /> � � of whlch,inciudiny repiacements and additions thereto,is hereby declared to be a part of the real estato cacured by the Ilen of thls "
<br /> _�, �;���,�.....;��, Deed of T�ust and all of the forepotnp belny reterred to herein as the"Property".
<br /> ,� � Thit Deed of Trust ahall secure(a)the payment of the principal sum and intereat evidenced by a promis�ory note or credit r
<br /> ' apreement dated F�bruarTlSth 1994 .having a maturity dete ot AuQU�t 16th 1994 �
<br /> , , .
<br /> � in the original principat amount of� 230•N0•00 ,and eny and al�modiftcatfona,extenslons end renewa�s
<br /> thereo(or thereto and any and all tuture advances and resdvances to Borrower(or any of them i(more than one) hereunder —
<br /> purauant to one or more promiasory notes or credit agreements(herefn called"Note");(b)the payment of other suma advanced by
<br /> . Lender to protect the security of the Note;(c)the performAnce oi ali covenents and agreements of Trustor set tohh hereln:and(d)all
<br /> • present and tuture Indebtedness and obilgatlons oi Borrower(or any of them if more than one)to Lender whether dlrect Indirect,
<br /> ;• • absoiute or continyent and whether arfsing by note,guaranty,overdraft or otherwise.The Note,this Oeed of Trust and any and all
<br /> other docuents lhet eecure tho Note or otherwise executed In connectlon therewith,mcluding without Umftatlon yuaranteea,securlty �
<br /> � apreemente and assignments ot leases and rents,shali be re(erred to herefn as the"Loan Instruments". _
<br /> .. Trustor covenants end agrees with Lender as toilows: �.-„
<br /> _ .�•�• ' 1. Paym�nt of Ind�bt�dn�i�.AI�indebtednesa secured hereby shall be pa�d when due.
<br /> - a 2. Titl�.Tnistor is the owner oi the Property,has the right and authority to convey the Property,and warrante that the Ilen -
<br /> created hereby is a first and prior Ifen on the Property,except for liens and encumbrances set forth by Trustor In wdting and ���
<br /> t deilvered to Lender betore execution of this Deed of Trust,and the executlon and deHvery oi this Deed of Trust does not vlotate any
<br /> � � ContreCt or other obligatfon to which Trustor is subject. �`�-
<br /> 3. Taxn,A�s��sm�nb.To pay betore detinquency all taxes,spec�al assessments and ail other charyes aqainet the Property
<br />_- now or hereafter levfed.
<br /> , 4. insurane�.To keep the Property insured against damage by tire,hezards fncluded withm the term"extended coverafle",and �',
<br /> � such other hazards as Lender may requlre,tn amounts ond wiU�companies acceptable to Lender,naminq Lender as an additional t
<br /> �' . � named Insured,with Ioss payable to the Lender.in case of Ioas unqer such poiicfea,the Lender Is authorized to adjull,collect and �
<br /> • ' F compromise,all o�alms thereunder and shaii have the option oi apply�ng ait or part of the�nsurance proceeds(�)to any mdebtedness
<br /> � ; � ° secured hereby and In such order as Lender may determ�ne.(�i)to the Truator to be used tor the repair or restoration of the Property �
<br /> 1 ' or(Itf)tor any other purpose or ob�ect satisfactory to Lender without affec6ng the Ifen of th�s Deed ot Trust for the full emount secured � •
<br /> _t' hereby betore tsuch payment ever took place.Any app��cetion of proceeds to indebtednes9!hnll nvt extend or posipone the due •
<br /> s date ot any payrnenta under the Note,or cure any default thereunder or hereunder. '
<br /> 5. Escrow.Upon written demand by Lender,Trustor shall pay to Lender,in such manner as Lender mey designete,sutticlent E
<br /> �_. �u���..�...�....�..����.....�.............a...... ..I u...f..u..�..1n..•tn etl�n..a� n a��.rsnf�anA nfMsr nhernna nnnlnet l
<br /> - "1 _ '--._..- OVti1V iV o�iaV.v rv�wv.•v ���•��•n
<br /> ru�ao���v�w���r�v��v v��v v��rwrv v.��.v.v.........y.�.�.............�..��`��...�...��..��...�.�..�'����.�^...�' :
<br /> � `� the Property,(11)the premtuma on the property insurance required hereunder,and(ii�)the premlums on any mort�ape ineurance ,
<br /> , roquired by Lender.
<br /> �� �►� 8. M�Int�na�c�, Repalrs�nd Compli�nct with Law�. Trustor ahell keep the Property in pood condition and repafr; shal� ,
<br /> � � �� � promptly repatr, or rep�ece any tmprovement which may be damayed or destroyed; sheli not commft or permit eny waste or •
<br /> '{ deterloratlon of the Property;shali not remove,demolisn or substantlalty aiter any o}the improvements on the Property:shell not
<br /> �' " commit,suNer or permit any act to be done In or upon the Property in violatlon of any Iaw,ordinance,or repulatlon;and ahail pay and
<br /> �, promptly dl�charfle at Truator's cost and expense all Ilena, encumbrances and charpes Ievled,Imposed or asaeased apefnst the
<br /> Property or any part thereot.
<br /> 7. Emin�nt Dom�in.Lender Is hereby assipned all compensatlon,awards,damages and other payments or rella}(hereinafter
<br /> "Proceeds")in connectlon with condemnatlon or other taking ot the Property or pa�t thereot,or tpr conveyance in Ifeu ot condemna- '
<br /> � tion,Lender shali bo entftted at Ita optlon to commence,appeer in and prosecute In Its own name any actlon or proceedings,and
<br /> � ehet�al�o be entitied to make any cumpromise or aettlement In connectlon wlth such taklnq or damayi,ln the event eny portlon of
<br /> . } N�C�4671Nonpntunurat OMAI lbv t0�C6 �
<br /> O itN Nnw�wt��N d Canmua Trose�nd S�nnp�Aawem�w+.lmeotn.N�W�w
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