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<br /> �'j�''�7� � ACK�101WLEDQ�JIENT TO DEED OF TRUS1'
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<br /> �•:. r ��-. + The underst�ned'Truetor"as tdentltled in the folloavin�Oeed of Truet,whother one or more.understand thet ttte document
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<br /> : ' �•' • the�are about to exeaute Is a Deed of T�uat a�d not a mortqage,and that the poarer ot snle provided for In the Deed of Trust
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<br /> . � : providea aubstantialty dlNerent rtghts and obligationa to the�orrowers than a mort�age tue the event ot a detault or bresoh of
<br /> • � . . �a pbiipetlon under the Deed of Trust,ireoluding,but not Itmited to.the Beneflxiavy's elpht 4�ha�e the Property IdenNiled In ti�e � --
<br /> ' fotlor�inA Deed of Trust sold by the T�uete0�rEBP�cut any judiciel proce�din�. TrustoQ repr�seeots ae�d warrants that this
<br /> ' Acknowiedgment was executed by themn beQov�¢P�o�xeou�ton o4 th�Dees9 04 TQ�n�4 h�r0a�ier�et 4oeQ61. __
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<br /> ":,; - HAROLD W KORGEL �_:- =-
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<br /> , UIUTAN 6 KORG�L ,.
<br /> ' HOME EGUITY LINE DEED��TRUST �'�.
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<br /> � THISTRU8TDEE�c�adethta�_dayof ApRT� ,19._9.4__,�etwee�►aRrn �d Kt1RfFl aNn UTUTl111t R xORGEL .` '�� �=:;a
<br /> , HUSBAND ANO WIFE nerei�after catl"Trustor",�i�ose malling addreas is7104 HANC�CK AUE _ _ ,_,_;, :��'' `•
<br /> ARENp R BAACK _ Attorney at l.aw. whose maili�g a¢l�ess is �� BOX ?90 ••'� `">
<br /> as'?rus4ee";and Horme Faderai Savings and loa�Aasxtation of Grand IoCan¢�,wm�se malting address is 221 3outh Locust. ���;,..
<br /> -- P.O.Box 1009�(irand Island,Nebraska 68802.as"Benefialary". ���
<br /> ` ' For vaEaable coosi�ePation,Trustor irrernaabty grants,transiers,conv�py a�d rxaai�ns iu=ivaae6,in t�si,�itit pow&r a!
<br /> °'�:�;, saie,for 86�o banefit and security�4 wJe�neficiary,un��r�tnd subjes4 to the terms and cor��9ieions of this Oeed of Trust,the follow- �:;�-�,,_�:�;
<br /> .,,'���>• ing de�cPibad propeny located i� -- ,Nebraska,to wit: . ��
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<br /> � LOT FOUR {4), IN BLOCK TI� (2), COLONIAI ESTATES SUBDIVTSION 70 THE CITY OF GRAND ° -
<br /> � ISLAND, HALI GO:.INTY, NEBRASKA. , ,
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<br /> � ,,' ,� , togethev with ali bulldfngs,tixtures, Improvements and appurtenances ihereunto belonging, it being agreed that aIi of the � � , ' ..
<br /> � - •`� foregoing ahal!be P��Peinatter referred to as 4he"Property". •
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<br /> i'`,�;.,"'� FOR THH PURPOSE Of SECURING performance of each agreement and covenant of Trustor he�ein contained and the pay-
<br /> �.-'r�•s:,,,�s � ment ot�B�e p�inctpal sumof T�N THDUSANO AND ���00 -------------- --Bollars(S1�.000.00 �� ti...,
<br /> �����'���`±� as evidoeeced by a Home Federat Home Equlty Loan Agreement between Trustor and Bor�etlClary(the"Loan Agreement"),pur '•��
<br /> "��'����;'� suant to whlch Beneficiary will advance tunds to Trustor from time to time at the interest rates and upon the terms provided ��'�'�'�
<br /> �, therefn,together with any sum er sums of money with Interest thereon which may h�reatter be pafd or advanced under the '
<br /> terms of this Deed o4 Trust,both principal aum and Interest thareon being p�yabie according to the terms set forth in the Loara
<br /> Agreement,referenco to which is hereby made,af the oftice of the Bene4iciary in Grand taland, Nebraska,or at suCh othev
<br /> ' place as Beneflciary may c�esignate in wrlting. �
<br /> .'..�,i'. , •
<br /> • ;. TRUSTER ANDBENEFICIARY COVE�VANT ANO AQREE AS FOLLOWS:
<br /> ' � �- �,' 1.Warranty ot41Q1�.7ruator is tawfutiy seiz�d ot the Property,has good ra,,�,�ht and Iawfui authorltyto sell and convey tR��ro-
<br /> ,,",. ��,�+r ` ,' �� perty;the Property i�7roe and ciear of ell ilens and encumbera�►ces exc��z ilons�ow of record;and Trustor will wanant and a!a- •
<br /> �;:ir;,;``:; • fend the title to t�e Prm�arty areto s�:o Trusteo and its succossors and assagns forever against the ciaims of all Raesons. • •�; ; .
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<br /> .,�,�;^� 2.Payment ot�ri�u�ipal a�(la�t�vraat. Trustor shail pun�ltuaUy pay the prfncipal oP,artd interest on,ait advarnces urtder the
<br /> ��'';+'� Loan Ag�eement artd urb0i purtc�c�aHy perfam ali agreertirtero4s,c�rtditions artd provlsions o4 any other security InsYrnrrsent given �
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<br /> "`� in connectfon wiFG14PiEs 4ransaction.
<br /> � 3.Prsaervatloro me��tlalMsnancs of Propert�l.Trustor wiit rtot corremE4 a��waste upon the Prope�¢y�t wlll,at all times,mairo-
<br /> tain the same in goad order and conditfon and wiil maDc�,9rom tim�4o Yim�,aIi repairs,renewata,r�plsc�ments,aCditio�s and
<br /> improvemenia whlch are reasonabiy requlred to prev�nt vuas4a,impairment,or deterioration of said property. R10 0uilding or
<br /> improvement now or hereafter erected upon the Property shatl be altered,removed or demoUahed wtthout tho prior written
<br /> consent of BenefiCiary.
<br /> 4.Insurancs.Trustor.at its expense,wlli malntaln with insurers approved by Beneficlary,tnsurance with respect to the�m-
<br /> provements and pers�na�proerty conatituting the Property against�oss by fire,8ghtning,tornado and other pe�iis covered by
<br /> standard extended coverage endorsement t� an amount equat to at Ieast one hundred percent o9 the full replacement value
<br /> thereof,end inaurance againat such other hazards and in such amount as is cuatamarily car�led by owners and operators of
<br /> slmiia�propertles and as Beneficiary may requlre for its protection. Trustor witi comply with such other requlrements as '
<br /> ' Beneficiary may from time to time request for the protectton by insurance of the Interest of the respective parties. All in-
<br /> suranCe poiicles maintained pursuant to thie Deed of T�ust ahali name Trustor and 8eneficlary as insureda,as their respective
<br /> Interests may appear and provtde that there shall be no canceiiatlon or modiffcation without flfteen�16j days prfor written �
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