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ACICNOWLEDaEMENT OF DEED OF ��iUST
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<br /> TRUSTOR READ THSS BEFORE Sl�NIN(3: tg 5•+� 1,����
<br /> Trustor underntands that the dxument that Trustor ia about to execute la a Deed oi Tn;s!and not a mortgaye and that the power
<br /> of sale provided for in the Deed ot��uat providea subataMiaify different righb and obl;patlona to Trustor than a mortpa�e In the event
<br /> ot a detault o�brea��h oP obligatio�under the Oeed ot Tntat,inc{uding,Dut not Ilmited to,the lender's riqht to have the Prope+ty sold
<br /> by the Trustee without any judicial proceeding.Tr�ator repreaents and �r�rranla th8t this aCknOwledyeme�t waa exeCUted by
<br /> Trustor betare the exects#un oi the Deed ot Tntat
<br /> x ��/,�1(�ijy��i��'�'r- tiz.ts �s•-�.-
<br /> —�� �� Tru r
<br /> �
<br /> ►ustor
<br /> DEED OF TRUST WITH iFUZURE VANCES •
<br /> THlS DEED OF TRUST,Is made as of the 1��?day of NovemSer ,1g 95 by end amony �
<br /> ct,e�rustor, —[?Ymond Enterprises. Inc.
<br /> whase maiUn eddress is 321 W 2nd ST, Grand Island NE 68801 ,
<br /> fl (herein'Truator;'v.hether one or more),
<br /> the Trus:�e, �.P_].and B. Jones
<br /> �rrt�ose ma[ting address is P 0 Box 167, Aurora NE 68818 (herein'Trustee'�,and
<br /> the Beneficiary, First NatiQnal Ba�k of Marquette ,
<br /> whose mailing a,�idress is P 0 �ox 39, Marquette NE 68854 (hereln "Lender'�.
<br /> �OR VALUABL� CONSIDERATION, inciuding Lender'�extension of credit identitied herein to DVmond EnterDTises.
<br /> InC. _ (herein "Borrower", whether one or more)and the trust hereln CreSted,.
<br /> the rece!pt of which Is hereby acknowledged. Trustor hereby irrevocabiy grants, iransfers, conveys and essigns tn Trustee, IN
<br /> T'.�I;ST,WITH POWER OF SALE,for the benetit and secvriy ot Lender,under and sub(ect to the terms and conditlons hereinafter set
<br /> ic�rth,ths real property,described as fotiowa:
<br /> Condomini�+m Unit No. 1101 The Yancey, A Condominium, Th� City of Grand, Hall County,
<br /> Nebraska, a condominium in accordance with the Declaration recorded on October 17, 1984
<br /> under pocumer�t i:a. 84-005507 of the County of Hall, State af Nebraska, recol•ds as
<br /> amended.
<br /> Together with ail buildings, improvements,tixtures, streets, alleys, passageways,easements, righta, privfleges And appurte-
<br /> nances located thereon or in anywiso ne;taining thereto,and the rents,issues and protits,reversions and remainders thereaf,and
<br /> such personal property that 6s attacheci i�the improvements so as to constitute a tixture,including,but not limited to,heating and
<br /> cooling equipmen�and together with the horr�estead or marita!interests,if any,which interesta are hereby released and walved;eil
<br /> ot which,including replacements and additfons thereto,is hereby declared to be a part of the real eatete secured by the Ilen of this
<br /> Deed oi Tsust and ali of tha foregoing being n�ierrect to hereln as the"Property".
<br /> Thfa Deed of Trust sha�l necure(ey the payment of the principal sum and intereet evidenced by a promissory nota o�credit
<br /> agreement dated November 15. 1995 _,having a maturiry date oi __November 15, 2000
<br /> 28.000.00 ,
<br /> in the original principal A�ount ot� ,and any and alt modEfiCBUona,extensions end renewais
<br /> thereof or thereto and an,y and ail tuture advan;es and reacfvances to F3orrower (or any oi them if more than one) hereunde►
<br /> pursuant to one or more pr�missory notes or credit agreements(herein cailed"Note`7;(b)the payment ot other aums advanced Dy
<br /> Lender to protect 2he security of the Note;(c)the p�sAormance oi all covenants and agre�aments of Tn,istor aet torth harein;and(c�all
<br /> present and future indebtedness and obligatlons�f Borrower(or a�ny ai them ii more than one)to Le�der whether direc�indirect,
<br /> absolute or contingent end whett,er a►ising by note,guaranty,overdraR or oti�erwise.The Note,thia Deed of Trust and any and all
<br /> other docuents ihat secure the Note or otherwise executed in connectian tfierewith,inotudtnfl without timitaHun yuarantees,secuny
<br /> egreements and assignments of leases and renb,ahalt be referred to herefn as tha"Loan Inahuments".
<br /> Trustor covenants and agrees with Lender eu follows:
<br /> 1. PsrnNnt ot Ind�bbdt»as.All indebtedness secured hereby shall be pald when dus. : �
<br /> 2. Tiqa.Trustor ia the owner ot the Propert�r, has the right and authority to convey the Property,and warrenb that the Ilen
<br /> created hereby is a tirst and prior Ifen on the i�roperty, except for liena and encumbrances aet torth by Truator in writin� end
<br /> delivered to Lender before execution of this Deed of Truat,and the executlon and delivery of this Desd oi Truat does not violats tny
<br /> contract or other otrligatlon to which Truator is subJect
<br /> 3. Taxss,Aaaas�+m�b.To pay before delfnquency all taxea,specfel esaeaements end a�l otner charpes apeinst ths Propsrty
<br /> now or her,s�fter levied.
<br /> 4. ;r»ursncs.To keep th�Property insured aga(nat dama9�by f(re,hazarda included within the term"sxtended coverape",and
<br /> • such other hazards as Lender may requlre,in amounta and with companles acceptabte to Lendar:�am(np Lender aa en addidonal
<br /> nart►�fnsured,with loss psyable to the Lender.In case ol losa under such pollciee,the Lender is autho�ized to adJust,colleC!and
<br /> compromise,alt cialms thereunder snd shall have the opt(on of applyin�all nr pe�t ot the insurance p►ocseds(i)to erry indsbtedness
<br /> secured hereby snd in auch order as Lender may determine,(ii)to the Truafor to be used lor the rapalr or restoreUon of the Property
<br /> or(Hi)for any other purpaae or ob(ect aetiafectory to Lender without aHecting the Hen ot thie O�ed of Truet tor ths full amnunt secursd
<br /> hereby before auch payment ever took place.Any appiicaUon of proceeds to indebtadness shall not extsnd or postpone fhe due
<br /> date ot any paymems under�e Note,or cura eny default thsnunder or hersunder.
<br /> 5. Eacrow.Upon written dem�nd by Lender,Trustor shall pay to Lender,in euch menner as Lender may deslpnats,�ufficlent
<br /> aums t�enable Lender to pay ea they brcome dus one or more of the followlnp:(i)etl taxes,asfea'menM and other charpss apetnst
<br /> the Property,(ii}the premiuma on ths propc►ty Insurance requlred hareunder,and(Iit)the premium�on�ny mortQeps ineu�ance
<br /> required by lendef.
<br /> 8. Malnt�nane�, R�pitrs snd Compllanc�wifh Law�. Truator shell keep the Propsrty In pood condltian and ropalr, shall
<br /> prcmptty repair, or replaca any Improvemen! which may be dameped or destroysd; ahali not commit o� permit eny wa�b o�
<br /> deterloratian at the Propeety;eha11 not remove,demolish or eubotanNalfy altsr any o1 the Improvemenb on ths Prop�rty;shall no!
<br /> commk,autfer or permit any act to be done In or upon the Property in vloledon of any law,ordinancs,or roQulado�;end ehall puy�nd
<br /> promptly dixharge at Trusto►'t cost and expsnse ell Ilens,encumbrencei end chary�s levied,lmpos�d o►,ns�easd a�alnat the
<br /> Property or sny part thereof.
<br /> 7. Eminfnt Domaln.lender fa hersby ss�ipned all comp�n�ation,aw�rds,dame�e►s and othsr paymenb or rsllef(hsrslnefter
<br /> "Proceeds"�In connection with condemneUon or other takin�of the PropeAy or pert ther�ot,pr for Convey�ncs In Il�u ot condemna-
<br /> tivn.lender sh�ll be entitled at fts opdon to commenca,appear in and p►aeecute In Ib own neme eny�ctlon or proceedlnqf,�nd
<br /> ehall also be eridJed to rt►�ke any compromise ar'e�tement In connectlon wtth duch Mkin�or damape.In tM�w�nt�ny po�tion oi
<br /> iMt 3t5�tMrH+qKUhwM 6Me!Aw t0i!!
<br /> �11li llNbnN BaM M CswrnMO�YnrM aN f�w�AMO��Mb�.LinenM�.N�ArMl�
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