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<br /> ACKNOW�.EDOM�NT TO D���OF TRUBT ,
<br /> �' , , �� The underelpned"Truetor"ae Idmtifl�d In the followirtp D�sd of 7tu�t�wA�th�r on�or moa.und�nts�d th�t tAs de►oum�nt
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<br /> y � thsy are tbout to execute is s Qesd of Ttu�t and eot a mortpap�,�nd that th�pow�r ot s+�b provid�d for In t4u pt�d of T►tnt
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<br /> providee aubatantial{y ditterent�Iphta snd obtipattone to the Bonowa►a thtn�mortqwp�In th��vsnt of a d�lault or bntoh o __ __
<br /> ~ �� s obtip�tlon under ths Qesd of Trust,inotudinp,but not Ilmited to,the B�n�flaiary's ripht to Mvs ths P�op�rty Id�ntip�d In th�
<br /> 5+��°►;��3,� ;�':� foilowtnp Deed ot T�uat sold by the Trustee without any Judlaial prooeedinp.Trustor rep�ea�nte�nd warrante thN thie
<br /> �. •�' �� ' +� :--,w+�. Acknowledpment was exeouted by them before the exeouttan of the Ossd of Truet heroaRer aet forth.
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<br /> � HOME E�UITY LlNE DEED OF TRU�T �'_=_
<br /> � " THIS TRU8T DEED made this 22ND day of FEBRUARY ,19�_,betwee �-��-
<br /> ° J. JOHNSON (HUSBAND AND-��naRer aatl"Trustor",whose mailinp address Is;,^�� DnevT.A41N f1AT� ; ��T�-�__.
<br /> 1 f14 N_ WHF.F.T.F.R '`j`9"'
<br /> �. AREND R BAACK ,Attomay at Law.whose maf�ing addesa is • r
<br /> as"Trustee";and Home Federa�3avings and Loan Assoalation oi tirand Istand�whose mailtng address is 2213outh Locuat, ���;;���
<br /> - --_. P.n.R�x 1�1sl,arand Island,Nebraska 88602.as"&+nefialery'• �'�-�.
<br /> For vatuable considerptlon,Trusto�Irrevocabiy grante,transfers,aonreys and esstpns to Trustee,I�truet,with powor of •°`��•.}�
<br /> > eale,for tho benefit and seourity of BeneNolary,under and subJeot to the terms and oonditions of thla Oeed ot Trust,the foitow• ��;n
<br /> , ing desoribed propeny tooated i� � rGr� _ ,Nebraeka,to wil: ... �•`
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<br /> � • IAT THREE (3) MEADOW LANE THIRD SUBDIVISION LOCATED IN PART OF THE EAST HALF �
<br /> OF TFIE SOUTHEAST QUARTER (El/2SE1/4) OF SECfION TWENTY-SIX (2E�). 1'OWNSHIP
<br /> . � ELEVEN (11) NORTH, RANGE NINE (9), WFST OF THE 6TH P.M., IN HALL CAUNTY,
<br /> ,. NEBRASKA. �
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<br /> ' together with all buildings, fixtures, improvements and appurtenances thereunto belonging. ft befng agread that ail of tho •
<br /> foregoing ehati be hereinaiter referred to as the"Property". •�
<br /> FOR THE PURPOSE OF SECURIN�3 performance of each agreement and covenant of Ttustor hereln contained and the pay
<br /> mentoftheprincipaisumot T���Fnirv FT�►� TH[1tiSANl1 AND OOj00 ---------------- Dotlars{S-25.�00.0� ►,
<br /> as evldenced by a Home Federa�Home Equfty Loan Agreement between Trustor and Beneflciary(the"l.oan AgreemenY'),pur•
<br /> suant to which Beneflciary wiil advance funds to Trustor from time to time at the Intereat ratea end upon the terme provided I
<br /> therein,together with any sum or sums of money with interest thereon whfch may hereafter be paid or advanced under the �
<br /> terms of this Deed of Trust,both princfpai sum and tnterest thereon being payabte according to the terms aet fonh in the Loan
<br /> � Agreement. retorence to which is hereby made,ai the offlce of the Beneficlary in Grand Island,Nebraska,or t�t auch other '
<br /> ptace as Beneficlary may designate in writing. �
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<br /> TRU3TER AND BENEFIC�ARY COVENANT AND A(iREE AS FOLLOWS:
<br /> 1.Wartant�►ot Tltle.Trustor 18�awf utiy seized of the Property;has good right and iawfut authority to seil and convey the Pra
<br /> peRy;the Property is tree and clearof ali Iiens and encumberances except�lens now of record;and Trustor wii�warrant and de- �
<br /> , � fend the titte to the PropeRy unto the Trustee and Its successors and assigns forever against the ciaims of alt pe�sons.
<br /> 2.Payment of Principel and interest.Trustor shat�punctuatiy pay the princlpat ot. and Interest on,ail advances unde�the
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<br /> In Connection wfth thla transactlon.
<br /> . 3.Preeervatloe and Matntenance of Property.Trustor witt not commlt any waste upon the Property at witl,at alt tlmea,main•
<br /> , : tain the eame in good order and condltion and wlll make,from time to time,aIi repalra,renewats,replacements,additlons end
<br /> . , • improvements which ere reasonab�y required to prevent waste,impatrment,or deterioration of sald p�operty.No bul�ding or
<br /> � t Improvement now or hereafter erected upon the Property sheil be attered,removed or dernolished without the prior written
<br /> consent of Beneticiary.
<br /> 4.Infurance.Ttuator,at ite expense,wili maintaln wlth insurers approved by Beneflclary,lneurance with respect to the Im•
<br /> provements end personal proefty Constituting the Property agafnot loss by tire,itghtntng,tornado and other periis covered by
<br /> �+ atandard extended coverage endoraement In an amount equal to�at teast one hundred percent of the futl reptacement vatue
<br /> : � thereot,and insurance agelnst such other hezarda and In such amount as is customarlly carr�ed by cwners and operators ot
<br /> similar propertiea and as Beneficlary may requtre for its protectlon.Trustor wiil compiy with such other requirements as
<br /> Beneficiary mey trom time to tlme request for the protection by inauranca of the Interest oi the respective partles.Ait in•
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<br /> ; interesta may appear and provide that there sha�l be no Cancetlation or moditication without flfteen(1S)days Drfor w►itten
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