|
200200436
<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />TRUSTOR READ THIS BEFORE SIGNING:
<br />Trustor understands that the document that Trustor is about to execute is a Deed of Trust and not a mortgage and that the power
<br />of sale provided for in the Deed of Trust provides substantially different rights and obligations to Trustor than a mortgage in the event
<br />of a default or breach of obligation under the Dead of Trust, including, but not limited to, the Lender's right to have the Property
<br />by the Trustee y tout any ju icial proceedinp^�stor represents and warrants that This cknowled ement was axecul d b
<br />Trustor belore� oxecutionlbfhhe Deed of T s� L l CF_\
<br />rus)aor -uai 1 /p7,,prummun
<br />ustor - Debbra "D Brummun
<br />-LAJry L brummun
<br />athy
<br />PREFACE TO AGRICULTURAL DEED OF TRUST
<br />COMPLETE this portion ONLY If the real property described
<br />consists of INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />If applicable, complete ONLY ONE either A, B, or C:
<br />?�X A. DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />Trustor acknowledges that Trustor Is about to execute the following Deed of Trust upon the Property. Trustor, and each of them
<br />If more than one, hereby disclaims Trustor's right to designate a homestead on said real estate. No parl of Trustor's homestead is
<br />presently or will In the future be situated upon said real estate. Trustor understands that if Trustor establishes a homestead on any
<br />part of said real estate during the time the Deed of Trust remains unsatisfied and a lien upon said reel estate, there shall be no right to
<br />make a designation of homestead In the event of a foreclosure or trustee's sale with respect to said Deed of Trust.
<br />❑ B. WAIVER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />Trustor acknowledges that Trustor is about to execute the following Deed of Trust upon the Property. Trustor, and each of them
<br />if more than one, hereby waives Trustor's right to designate a homestead on said real estate. Trustor understands that Trustor has
<br />right to make a designation of homestead and that by executing this waiver, Trustor is waiving rights otherwise available for the
<br />purpose of affording them the opportunity to retain Trustor's homestead in the event of a default upon the Deed of Trust.
<br />❑ C. DESIGNATION OF HOMESTEAD:
<br />Pursuant to Form Homestead Protection Act (Section 76 -1001 at seq. Revised Statutes of the State of Nebraska), Trustor
<br />hereby desig� JJI estate describe�� the "Designation of Homestead" attached hereto and Incorporated herein by this
<br />tolerance.
<br />Tru or -Gail E
<br />rummuticl
<br />Trustor - LaP)ry L
<br />Brummu
<br />Trustor- Debbra
<br />D Brummund
<br />Trustor -Kat
<br />rummu
<br />AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br />11
<br />THIS DEED OF TRUST, is made as of the 3rd day of _ January 2QQ2 by and among
<br />the Trustor, Gail E Brummund & Debbra D Brummund, Larry L Brummund & Kathy M
<br />Brummund 103 W 8 Road, Doniphan, NE 68832
<br />mailing ailing address is (herein 'Trustor ", whether one or more),
<br />the Trustee, Earl D. Ahlschwede, Attorney at Law
<br />whose mailing address is Norwest Building, Grand Island, NE
<br />(herein "Trustee"), and
<br />Me Beneficiary, Equitable Federal Savings Bank
<br />113 -115 North Locust, Grand Island, NE 68802 -0160
<br />whose mailing address is (herein "Lender').
<br />FOR VALUABLE CONSIDERATION Includi Le der' extension of credit Identified herein to G a i 1 E & D ebbr a
<br />D Brummund, Larry L 3, KatrWynM �rummund
<br />(herein "Borrower;' whether one or more) and the trust herein created,
<br />the receipt of which Is hereby acknowledged. Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set
<br />forth, the real property, described as follows:
<br />THE SOUTHEAST .QUARTER (SE 1/4) OF SECTION TWENTY -THREE (23),
<br />TOWNSHIP NINE (9) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M.,
<br />HALL COUNTY, NEBRASKA.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurte-
<br />nances located thereon or in anywise pertaining thereto, and the rents, Issues and profits, reversions and remainders thereof, and
<br />such personal property that is attached to the improvements so as to constitute a fixture, Including, but not limited to, heating and
<br />cooling equipment; and together with the homestead or marital interests, If any, which interests are hereby released and waived; all
<br />of which, including replacements and additions thereto. Is hereby declared to be a pan of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being referred to herein as the "Property ".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a promissory note or credit
<br />agreement dated January--3, 2002 , Raving a maturity date of May 1, 2017
<br />In the original principal amount of S- 210 , 000. 00
<br />,and any and all modifications, extensions and renewals
<br />thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one) hereunder
<br />pursuant to one or more promissory notes or credit agreements (herein called "Note "); (b) the payment of other sums advanced by
<br />
|