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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
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<br />87- 107041
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<br />BORROWERS READ THIS BEFORE SIGNING:
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<br />Borrowers (Trustors) understand that the document that the Borrowers afe about to execute is a Deed of Trust and not a mortgage and that the powerof.sale provided
<br />for in the Deed of Trust provides substantially different rights and obligations to the Borrowers than a mortgage in the event of a default or breach of obligation under the
<br />Deed of Trust. including. but o.ot limited ,to. the Lender's right to have the Real Property sold by the Trustee without any judicial proceeding or foreclosure" Borrowers
<br />represent and warrant that thisac.knowledge.ment was executed by them before the execution of the Deed olTrus"
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<br />(\~ife)
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<br />(Husband)
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<br />(Linda C. \~enn)
<br />PREFACE TO DEED OF TRUST
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<br />Borrower
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<br />COMPLETE litIs portion ONLY IIlhe re.1 prop<lrty described consllh 01 INDIVIDUALLY OWNED AGRICUL TURALLAND.
<br />II eppllcable, complsle ONLY ONE eflher A, B, or C: -
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<br />o A. DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD:
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<br />The Borrower(s) acknowledge that they are aboul to execute the following Deed of T rusl upon Ihe rea' estate desellbed Iherein. The Borrower!s); and each oll.hem if
<br />","'re than one. do hereby disclaim their right to designate a homestelid pursuant thereto. No part of the homestead of either of the Borrower(s) is'presently or ,will in the
<br />future be situated upon said real estate. The Borrower(s) understand that "either establishes a homestead on any part of said real estate during the time the Deed 01 Trust
<br />remains unsatislie(fand a lien upon said real estate. there shall be no right to make a designdtion of homestead in the event 01 a foreclosure or trustee's sale with respect to
<br />said Deed of Trust
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<br />o S_ WAIVER OF RIGHT TO OESIGNATE HOMESTEAD:
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<br />The Borrower(s) acknowledge that they are about to e.e<:ute the follOWing Deed of Trust upon the real estate described therein. The Borrower{s). and each of them it
<br />more than one. do hereby waive their right to deSIgnate a homestead pursuant thereto The Borrower(s) understand that they have the right to make a designation of
<br />homestead and that by el{ecuting this waiver. they are waIving rights Olhprwlse avaIlable lor the purpose ot affording them the opportunity to retain their homestead in the
<br />~venl of a defaull upon the Deed of Trust.
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<br />o C_ DESIGNATION OF HOMESTEAD:
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<br />Pursuant to the Farm Homestead Protecllon Act (SecttOn 76~1901 et seQ ReVIsed Statutes of the State of Nebraska). the Borrower(s), do hereby designate the real
<br />property described in the- "Designation of Homestead" attached hereto and Incorporated herein by Ihis reterence
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<br />Borrower
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<br />Borrower
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<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
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<br />THIS DEED OF TRUST..s made as ollhe 2nOd.y 01 _ DecembJ':L 19!3L. byano among the T'ustor. .uMlLQld. C. Wenn
<br />and Li nda _C. \~ennL-Hus_~an<L!W _\!~f!:!_ __, _ whose ",a,Iong address '5 _~22__\~eS!:-~~E~'::a 1, Grand Island,
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<br />~ (here,n -Borrower). Ine Truslee \~i 11_iQI)\__G_.___~1i3_~!sJ:)J.lrn~_<t21!~ml?~r of the NE State Bar Assil.
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<br />whose mailing add'ess.s -----E'_"-_().!- Bo~2lBO L~J:an~_~_sAcin_clL_N_E__~ 6_~~91-=f~80_ ______________._____ (herein hTrusteeh),
<br />and lhe Benell~'Y:. _~i ve_Poi~~~a~~_u__u______u_ .____ _~____ _u____________
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<br />whose maitong acid,e~s rs J-L ~Q L BolL) 5(rI ~ ___<;~ Q nd_I s 1 <tf!<;!, _ N!':_ ___6~~g~=- t5Jr~__u_. u_ _ __~_______.__ (here,n "Lende,")
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<br />FOR VALUABLE CONSIDERATION. inCluding the Indehte-dnesstcent,f,C{J he-rem and Bust tlerelOCrealed,lhere-celpt of .....hlch IS hereby aCknowledged. Borrower
<br />hereby irrevocably grants. transters, conveys and assigns to Tru'stee IN TRUST WITH PO\"-JER OF SALE fOf :he benetll and secUrltv at lender. under and subject to the
<br />lerms and conditions herematter set torlh. the real proper!." described as !ollows
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<br />Lot One (1), Block One Hundred Thirty (130), in Koenig and Wiebe's Addition
<br />to the City of Grand Island, Hall County, Nebraska
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<br />Together wilh all bUildings. impro'iements. flJl.tures, streets alleys. passageways easements. fights pU\'lleges and app!.Jftenances located thereon or to anywise
<br />pertaining thereto. and the rents. is,sues and profits, reverSions and remainders thereot, inclUding. bul not hmlted to heating and cooling equIpment and suet'! personal
<br />property thai is attached to Ihe improvemenls soas toconshtute a tulwe. and together With the homes-lead or manta! interests It any -.\hICh Intcresls are hereby released
<br />and waived: aU ot which. tnc1udlOg replacements and addItIons ~tlereto IS hereby declare-a to t'e a part of th\" r_al eSlate secured b')'!he ,-.t~n of HilS De-e-d 01 Trust and all of the
<br />foregOlOg being referred to hefem as the "properly
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<br />This Deed Of Trust shall secure (a) Ihe paymenl of the prlOcipal sum and mteresl e;'ldenced by Bono",-ers note and/o, credit agreement daled ,~--
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<br />12/2/87 , having a matufOly dal. of ~2-'.Y92 .__~ . '0 tne ougooo' prlOC'l'a' amouol 01 S _!'!!_Q?~..._OO ~__ and any and all
<br />~fjcatjons'. edensions and renewals thereof or Ihereto and any and all futule advances and readvances hereunder pursuant 10 one- Of more prOffi,I!osory nCltes or cre<lll
<br />Agfftem,ents (herein called"Note"" (b) the payment of other sums ad....an-t.ed DY Lender 10 prote-c~ the secu~,ly 01 the Note tc I the performance all (0\'en3n1s 3nd agr{>-emeni
<br />at Boriow,or sel forth herem; and (d) alllOdebledness and Obligations of Borrowe, to le-nder Vlrt'lether'dHect, lndlfecr at>so!ut€' or COl1tlngehl anl,J .....hether BUSing by note.
<br />guaranty, o-.-erdraft or otherwise
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<br />8ouo.e" to protec1 the secuflly of Ihts Dt>ed of Trust. covenants and agrees ....Ith Lender.\5 toUo",s
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<br />1 ....,......IOfttriftdpeJen4lln.rHI. Borrower shall promptly pay v.'hen duethe prinCipal ot and IOterest on, anct any fees or charges prOVided In the Note or In thiS
<br />~ 01 Trutl
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<br />2 'Title, Borrower is the owne~ of the Properly, has the flghl and 8uthofl1y IOCOfWe-y t~{' P'ope,I~. and ......arranls lhalthe-llen ('ealed hereby IS a tlrst and phOf l;~n Of,
<br />Ihe,Prope'f'ly. eacepl as- may olherwlse't>e sel forth "ore-in, and the ellecullon and oellvery -of ltHs Dt>-e(J of Trust doe~ not "Iolate any contract or oth€,r obllg8ticn Ie 'o'Iohtch
<br />BorrO*e-f i, $u~ect
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<br />, 3 f..... ........"...,...10 pay ~hen due all ta.es. $pec.lal assessments ,and aU at"" I charges agalnst1he PrOp('r1y anO, ;;PQn ""IHen i1emand by l("fld.;'r to pa'f fo
<br />Lender siJ(.,h amounl-lS may be sufhc.eollo enabl" Ih~ lender 10 pay such lues. an.essmenh 0' OUIt'r charges as lhE'Y D('come uve-
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<br />A' IMUlane.- To \f.@pthe Property losurttd agaln51 damage by f,re- hazards Included "'lthm Ihe term. ('J.tend{'d co~eragE' .lntl $uc,h Dtl1(>r t1alA!ds as l.Nlde' ma)'
<br />requH., In aMouol, and w,th comP3f\i9! acceptable 10 It;.lnde1. and 'Nlth Iou p....,'able 10 the l ~'ltl('r In case Of lOSS undpf Sutt} pOi,oeS t1w Lendl'r IS ihjttll~1I1~d 10 JiJluSI
<br />tOltf1(llnd tompfOn'llh,lIIctarms 1htHttmd,land ~l"H ha'Je thee 6ptH,'u1 of flD:p\y'f'Q a'l~or par1 0' H\f;:t\~UfanCe pI6n"~(.js 1>\ 10 iVl)' ~-"(1~blpdfl('ss 'H'"<:lJfPd t'>tl!f't')' an~1 1'1 SloCh
<br />ordfll.I l.r.d.,,' mar dett!:trfllflf.. (Ii) 10 the BOffOWf'110 be vsed tOt the repaIr 0' le~'OtahOo ()I th{> Ptopetty or (lil\ ft." ,to) OHt[l' P:.J'PI}~(' 0' ot'jf'(t S;lll~'al to'Y '.J ll''' ~.~r
<br />wlttmut '''Kling tht! t~~ of 1!liS ~ or TWit for the full ~moufll 'ttCu,,,d he-It'DV ~~t{i~e S-\il hP3'ffl",{.nt ("v('" t\.-'l-Q~, pI.), {' Ar>y 3Pl'h( :\h:"r~ {!f ("O(t"i~.,1~ ttl ,l\','rlll('{tf'{"Ss. :1,",0;1<]
<br />~e.tE!nd Of p<>>tf1'O~ Ihe d~ ct.t@-ol an,. p.yments uhd~H Ih~ Not~ 0-" (loJt~ ;lU'4 ,j~!a,llit lhf>'t:>.,j"<;'(ir Ot ~,t"('-ur'\oj.e.'
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<br />".Ma.nanc."et>e1n and Compl.lanc..Uh l..., O;;lffO-"'~' !.~,,.,,<j lr;(>t!r tliC Pt-;....,.'...t) ;" '-~':-f_.J ('-F;,j,~,,-.. ,\": 'f'r-~" "-'ai, ~1";.,n"l't;~ !t.p,," ','" 't"P!,\tt" .\n\-'
<br />;.rnp'(td~nt...h!th m.:t., t... darr.a~o' dt"~Ho,6'U ,hl.!l .f\G!,(.onllT'tI' 01 p",.m,( at:,. '^'iHlt- Of .!;;,t':-hi)'tt!>;>" ,~~ H'\!' Ph:l,tc'!)\'-.\;, "','1 ,..-..,,_1~{' .,~t'm,,!.~'" 1.." !i.,tl'5.':\Il!!.,!;!'. .t\1t"
<br />In., 01 the trnr.JO"9mt"t!.t\ {1" tr;~ P!OP<'rt,: \-"',all not (Ommlt. ~urtf'fOf pt',rr,lt !tn',. act 1'J Of;" On~" ,n ('.' ',,;'0" o'e P"_'r'''~\ I.,.... ',' ^ '"'!';\'''_t''' . ru"~,l!,r'" it"':
<br />.tI-JI.~ 1"~1.nd P'()~hr.,'l, !1,~(,t'-AfQ.4' nOH,:'~""fH '(,O,\1.tnd "J.IWl'\~aJl hC)n, tll>(unlt,.ot..lt.6 <J"d ("'a!!.}('''\, ;f.".f~' -'!'l""\I'" l',....'..'.~.,' -'~,' l! "'." "...,'lI, \." P,!!' ""''1""
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