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<br /> T- �• =;� ACKNOWLECQMENT 1'O D�ED OF TRUST —
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<br /> ��.�-•'-�'='�s,a�i,. The underaipned"Truator"as IdenYified In ths foilowinp Oeed of Tru�t,whtlh�r on�a mor�,und�nt�nd thtl th�docum�nt
<br /> ��� •4_• '' ` th�y�re�bout to exeaute id a Dsed of Trust and not a moR��p�,and that th�pow�r of�al�provid�d for In tM ONd of T►usf
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<br /> ��_,�.�;,_ provides aubatantlaily different riphts and oblipatlons to ths Borrow�rs th�n�mortq�p��n th��v�nt ot a d�f�u�t or br�ah of
<br /> •��•L•-,-- .•--:q ob1l�Atian under the Deed of Trust,Inoludinp,but not Ilmit�d to,th�B�n�ficl�ry's rlpht tc haw th�Prop�rty�d�ntifl�d in th�
<br /> =-= - fot�owln� Deed of Trust aoid by the Trustee without any Judiclal procoedlnp. Trustor ropresents �nd warr�nts th�t thls
<br /> 'F`����� '� - � Aoknowtedpme�t was executed by them beforo the executlon of tho Ds�d of Tru�t h�naft�r s�t torth.
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<br /> � nald E. Bourne
<br /> ���;. . «:�r.-�;;:.• l�� `
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<br /> Donna M. Bourne
<br /> HOME E�UITY LINE DEED OF TFtU��nald E. Bourne and
<br /> THIS TRUST DEED m8de th18_21s�_d�y of FAhruar_y,19_.2�—,b�twMn Donna M Rn�rne —,
<br /> Husband and Wife) herainaiter cail "Trustor",whose maillnq address Ia 1712 N. Hauodc. Grend Islend� I�
<br /> . Arend R. Basck , Attorney at Law, whose mQilinp addeas Is 104 N. Wheel,er� Grgr►d Islerrci—, F1E
<br /> �. � as"Trustee";8�d Home Federal8avinqs and Loan Asaoclatlon of tirand Isiand,whoss mallln�addnt�is�21 South Loaust,
<br /> P.O.Box 1009,Qrand Isiand, Nebraska 88802,as"Beneficiary".
<br /> �� For va�uable conelde�ation,Trustor irrevocably yrants,tranefera,convays�nd�ssiqns to Trustse,In trust,with pow�r of
<br /> - - - eais,iar iha ber�af{i and sacurity af 8snalialary,undar ar�d suDJec!!a ths tersn�and condi!lone of thl���f Tru«t,thw tollow•
<br /> inp deeerlbed property located in I�al l , N�braska,to wit:
<br /> LOT NINE (9), IN BLOCK 'I�+10 (2). IN WESTERHOFF'S SECAND SUBDIVISION IN THE —
<br /> : CITY OF GRAND ISLAND� HALL CAUNTY� NEBRASKA. ��.
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<br /> topsther wlth all bulldings, flxtures, improvements and appurtenances thereunto belonqinp, it beinp aqreed that all of the
<br /> foreqoinp ehail be herefnatter referred to as the"Property". :
<br /> FOR THE PURPOSE OF SECUR�NG performence o}each aqreement and covenant of Trustor herein conlained an�6 the pay
<br /> � m�nt of ths princlpal eum of�a,�� Thousand and 00/0�------------ Doilars(S 8�OOU...Q(�.�),
<br /> • as avldenCed by A Home Federal Home Equity Losn Agreement between Trustor and Beneftclary(the"Loan Apreement"),pur•
<br /> � suant to whiCh Beneticiary wlli advance funds to Trustor from time to time at the interest rates and upnn the tetma provided
<br /> • ' • th�nin. topether with any sum or sums of money with tnterest thereon whlch may hereafter be pald or advanced under the
<br /> � tetme of this Deed of Truat,both principa�sum and interest thereon being payabie accordin�to the terms aet forth tn the Loan
<br /> , � Aflteement, reterence to which is hereby made,af the office of the Benefictary in Grand Istand,Nebraska,or at euch other
<br /> r • ptace ae Bsn�ficlary may deslgnate in wrltinq.
<br /> � TRUSTER AND BENEFICIARY COVENANT AND AGREE AS FOLLOWS:
<br /> 1.W�n�nty of Tltl�.Trustor le lawfully selzed ot the Property;has qood right and lawfut authority to setl and convey the Pro•
<br /> � psrty;th�Property te}ree and ctear of all Iiens and encumberances except Iiens now of record;and Trustor wili warrant and de•
<br /> ' f�nd the tltle to the Property unto the Trustee and its successors and assigns forever a{�alnst the Claima ot elt peraons.
<br /> �, 2.P�ym�nt of P�inclpN�nd Int�nst.Trustor shall punctually pay the princlpal of, and fnterest on,a�l�dvances unde►the
<br /> � � Loan Aflnom�nt and wfll punctua�ly perform ali apreements,conditlons and provislons of any other secutlty Inatrument piven
<br /> � in conn�ction wlth thls transaction.
<br /> ; 3.Pf�NNl�tl011 a110 M�IDt�f1�11C�ot Prop�rty. 1�ustor wiii not commiT any wasie upor ine rroperiy ai wiii,yi�ii iiriie5.riiiiri•
<br /> t tain th�Nm�in pood order and conditlon and wlll make,from tfine to time,ail repalrs,renewals,repiacementa,additiona and
<br /> . ' Improv�m�nt� whlch are reaeonabty requlred to prevent waste, Impairment,or deterforation of said prope►ty. No butldinp or
<br /> �� Improv�ment now or horoofter erected upon the Property shali be altered, removed or demoliahed without the prlor written
<br /> E COnNnt 0�8�11�NCIpry.
<br /> t 4.In�unno�.Trustor,at Ita expense,wili matntAln wtth insurers epproved by�eneticlary,insuranCe with respeCt tu the Im•
<br /> yyy prowments and penonai proerty constitutinq the Property agelnst loss by fire,Ilyhtninp,tornado and other perila covered by
<br /> i st�nd�rd�xtend�d coveraae endorsement in an amount equal to at least one hundred percent of the full replacement va�ue
<br /> fth�r�of,�nd Insurance�palnat such other hazards and in such amount as is customarlly carrled by uwners and operators ot
<br /> ? � simit�r prop�rtl�� md as Beneflclary may requlre for Its protectlon. Trustor will comply with such other requirementa ae
<br /> � 8�ndic��ry may irom tlme to time requeat for the protectlon by Insurance of the interest of the reapecttve partlea.All In•
<br />; , sur�ncs pollcl��m�inta�n�d purouant to thta Oeed ot Trust shail name Trustor and BeneFlcler�r as Insureds.�s thelr respecttvo
<br /> Int�r�stt msy app�or and provide that there sha�l be no cancellatlon or modificatlon without tlfteen(15)days prlor wrttten �
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