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<br /> ACK�I�EWLEDQEMENT OF L1EED OF'�itU�T������
<br /> TRllSTOR RFJ►D 7Ht9 6EFOF�E 81ANINt3:
<br /> 1Yu�br unMrsLndi thatM�documentthatTrwter Is�boutto ox�aub!s a Orad o?Tru�t aeA ea!A mor�q��ndlhatths ia+wr
<br /> est nat�pro�ld�d tor In th�Oe�d Af Tiuet pravids�wbstrn�atfy dllfersnt rl�Mo artd obtl�atlons to Trwlor than�mo�ta0�In eM w�rn
<br /> ot�dNeult or b�MOh of obll�atton�nd�r tM QeeO of'frun,inatudln�,butnvt Ilmii.d tw,t�n L�iti�;�ri��tta hana+tlrs. �
<br /> De
<br /> by ths Tru�Ew wlMout[ny judiClel pracebinp.Ytu�tor r+pra�r►h Nnd warraMa fhxf thi��aknowirdpamiM w#1 uMd by ,
<br /> Tru,.^tor trsfoio the exersuNnn uf the fleed of TruaL
<br /> _ �•
<br /> KEVIN R I�UTZ Tru �or � ��
<br /> �.�.r�..G�„�.a,.� -�,+rr„��
<br /> ANN SiJKRA�T LUT2 Trusto
<br /> DE�D OF TRUST WITH�UTURE ADVANCES
<br /> THlB DEEO OF TRUST,Is made aa ot the.1SZ_.day of SEBTEMBER ,19..�.,by and amonp
<br /> the Truator. �nIN_R I,DTZ AND ANN 3URRAW LITTZ W3BAND AND WIFE ,
<br /> whoaa maiitng addreaa ta 1304 A°�1� � GOTgENBURG. NE 69138 (heretn"TNStor;'whsthar one or more),
<br /> the Truatee. AREHA BAACK �
<br /> whose maiiing addreas fa P 0 BOR 790 GRAND ISLAND. NE 68802 (herein"Trustee'��and
<br /> the BeneBalary. T� ���D NATZONAT. BANR OF GRAND ISLAND ,
<br /> whose maiiing addreas Ia p 0 BOX 1688 GRt�ND ISLAND. b'E 6880T. (herein"Lender'�.
<br /> FOR VALUABLE CONSIDEHATION,Including LendePs extension of aredlt IdenUfled herein to FAf1"' ?' ?-�'� A�
<br /> ANN SUKRAW LUTZ (herein"Borrower",whether one or more)and the trust herein crented,
<br /> the receipt of whioh fs hereby aoknowledged,Trustor hareby fnevocabty grants,trensfera,conveys and asaiana to Trustee,IN
<br /> i'iiU�i,iRii'i�i PBW�R OF SALE,tar ths bs�ati�arrd�cudly at lendsr,sndQr and gubJ�to the terms and conditions herefnafter set
<br /> �'4; forth,the reat property.desc�ibed as toilows:
<br /> '�� THE WESTERI.Y TWO THIRDS OF LOT SIR (6), IN BLOCK FIFTY FZVE (55)� OF THE
<br /> ORIGINAL TOWN, NOW CITY OF GRANA I3LAND, HAI.I. COUdTY NEBRASKA .
<br /> `:,;. Together with all buitdings,improvemente,ffxturea,streets,alleys,passagev�ays,easemeete.rlghts,privileges and appurt�-
<br /> nances located thereon or in anywise peRaining thereto,and the rente,Issues and proftte,reveralons and remalnders therea},and
<br /> auch pereonal property thet is etmched to the improvements so as to constitute a flxture,including,but not Itmitod to,heatfnD artd
<br /> cooiing equlpmenX and togeMer wlth the homestead or mar(tal interests,it any,which interests are hereby�eleased and waived;all
<br /> of which,i�cluding replacements and additions thereto,la hereby deciared to be a pan of the real eatate soaured by the Ilen otthts
<br /> Deed of Trost and all ot the foregoing being referred to hereln as the"Properry".
<br /> _ Thls Deed ot TNSt shaii seeure(a)the payment of the principai sum and Intereat evldenced by a promissory e�ote or cradit
<br /> agresment dated S�T�$R 1, 1994 ,having a maturiry date oi SEPTF.t�ER 1, 1999 �
<br /> In the orlglnai principat amount ot$ 33 000 00 .and any and ati modmcaNOna,extenslons and renewals
<br /> �s•:, thereot or thereto and any and eQ tuture advances and readvances to Borrower(or any of them If more than one)hereunder
<br /> � ....�.::.;��.'� pureuent to one or more promiasory notes or aredit agreements(herein catied"Note");(b)the payment ot other sums advanced by
<br /> s�.,,;�ui� �.,v,- .
<br /> , t;� �..,N: Lender to proteot the securlry of the Note;(c)the performance of all covenanta and agreements ot Trustor set foM hereln;and(d)a
<br /> ri'�'� present and future Indebtedness and obllga4lons of Borrower(or any ot them it more than one)to Lender whether direcL indirect
<br /> �"y� abso�ute or contingent and whether arising by note,guaranty,overdratt or othe►wise.The Note,this Deed of Truat and any and all
<br /> A�i�
<br /> .� ''�'" '�;s: other docuents that seaurethe Note or otherwise executed In connection therewith,Including without Iimitatlon guarentees,secur ty
<br /> 4�,�^�y�:�,"::: agreements and aesignmente of leases end rents,Rhatl be reterred to herein as the"loan Inatrumants".
<br /> � Trustor covenanta and agreea with Lender as toilows:
<br /> � �� ' �� 1. Psym�n!of indebtedne�.AII Indebtedness secured hereby 8hatt be paid when due.
<br /> �.H,:... .� _� ..
<br /> �`.:' 2.Tttle.Trustor is the owner of the Property,has the right and authority to convey!he Property,and warrants that the Uen :•
<br /> �������t;r created hereby is a first and prior Ilen on the Property,except tor�tens and encumbrances set forth by Truatar in writing and .
<br /> " "=�' �-����' • ' delivered to Lender before execution of thfs i�eed ot Truat,and the execution and detivery of thia Deed of Truat does not violate any .t,�
<br /> " �._y.r.-..�„�
<br /> ,,,�ti".`;';;;"... • contraot or other obiigatlon to which Tn,stor ia subjeat
<br /> �"^"•" �� "' �" AssNSm�nb.To pay before dellnquency a i l taxea,apeclai asaeasmente and elt other char ges agalnst the Property
<br /> •�,ra�,G.._z,� 3.T�exes.
<br /> �ti'?=��.x.� now or hereafter tevled.
<br /> ..,TM,.:.c.":
<br /> �-•::�! 4. I n s u r a n c e.7 o k e e p the Pro p e r t y insured a gainat dama ge by flre,hazards inciuded within the term"extended coverage",and
<br /> �, .�`.;;x:�' suah other hazarda as Lender may requlre,in amounts and with companies acceptabte to Lender.naming Lender as an addlUOnai
<br /> - -��-����. named insured,with losa payabte to the Lender.In case of loss under euch policiea,the Lender Is authorized to adJust,coitact and
<br /> ��� � � compromise,aIi claims thereunder and shait have the opHon of appiyfng all or part of the insurance praceeds(i)to any Indebtedness �
<br /> ��;�'Y=�' � '�•�'} secured hereby and in such order as Lender may determine,pq to the Trustor to be used tor the repalr or restoration of the Propeny
<br /> ....\' V<alo' _d�r.
<br /> :.�;::. :,:,� or(liq for any other purpose or object setlstactory to Lender Mithout aNecting the lien o!this Oeed ot Trust torthe futi amount secured
<br /> ;f;: � .; -;��: horeby before suah payment ever took piace.Any app�IcaUon ot proceeds to indebtedness ehetl not extend or postpone the due „
<br /> .JJ�..1�W�r..w�Iw�w�da��wilGe
<br /> - pgie vi arry ptsYmenia una'oi"u`�o i�'vi'v,vi Gi:io o.-�j vo.a�.•u�v.vr.....+..� ....�...........
<br /> .-='t=:" � S. Ef�atpw.Ctpon written demand by Lender,Trustor shall pay to Lender,tn such manner as Lender may designate,sut�cient
<br /> .'.,h"
<br /> �N.,,- �•-. sums to enable Lender to pay as they become due one or more oithe tollowing:(i)all taxea,aesessments and other chargos against
<br /> ��;:k�� �"�• the PropeAy.(fl)the premlums on the property Insurance required hereunder,and(iiq the premfuma on any mortgage insurance
<br /> • ,.::.�:.z-•,,� ' .
<br /> t:�•', '- requlred by lender.
<br /> ��`• �"' �, � ' 8. Maintatanq, R�peln end Compitartcs with t�ws.T�ustor sha�i keep the Proparty in good condition and repair,shall
<br /> �'`'� ��'���" �� rompUy repair, or rep�ece eny fmprovement which may be damaged or deshoyed;shalt not commit or permit any waste or
<br /> y:r•?:.,. , : . • P .
<br /> - .�;3*_.:`,,;„.,:, :. deterforatlon ot the P�operty:shall not remove,demolish or substantiaily alter any of the improvements on the Property:shell nof
<br /> �� �•.. -�•>��� - commit,suffet or permftany aotto be done in or upon the f�roperly tn violaUon of any taw,ordinance,or repulatlon;and ahail pay and
<br /> •�' prompdy discharge at Trustor's cost end expense all Ilena,encumbrances and charges levled,irt;posed or essessed agefnat the
<br /> Y,,"1 '". Proporry or any pert tt�ereof.
<br /> •x ' ': �' •�'�,�;• 7, E�nin�nt Oomatn.Lender Ia hereby asaigned alt compenaetion,awarde,damages and other paymenta or reliet(herelne4ter
<br /> "Proceeda'�in connactlon wlth condemnetton or other taking of the Property or part thereot,or for convayanco in tieu of cortdemna-
<br /> • :� Y tlon.Lender ahall be enHUed at ita option to commence,appear in and proseaute In its own�ame eny acdon or pracsedinga and "'
<br /> �` ,�c�;�� shali etso be entitled to mnke any compromise or settlement In connectlon wfth such taking or damaga.ln the event any portlon of
<br /> +" � � tt6Cat67l�naa�Oe�tORwt0�R8
<br /> .�
<br /> .. O f9ES Nttlantl BaN o1 Cdnmwu Ruft Md Btv�nps Afioc�atqR 4nwtn.N�Or�W
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