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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
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<br />87-
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<br />107077
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<br />BORROWERS READ THiS BEFORE SIGNING:
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<br />Bqrrowers (Trustors) understand that the document that the Borrowers are about to execute is a Deed of Trust and not a mortgage and that the paW8,' 01 ~afe provided
<br />for in the Deed of Trust provides substantially dilferent 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 not limited ta.-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 this acknowledgement was executed by them before the execution of the Deed of Trust.
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<br />
<br />Linda
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<br />PREFACE TO DEED OF TRUST
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<br />COMPLETE Ihl. portion ONLY II Ihe rell property deacribed con.I.I. 01 INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />""ppllc"ble, complele ONLY ONE ellher A. B. or C:
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<br />N/A
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<br />o k DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD:
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<br />The Borrower(s) acknowledge that they afe about to execute the following Deed 01 Trust upon the real estate described therein. The B,orrower(s). and each of them if
<br />more than one. do hereby disclaim their nght to designate a homestead pursuant thereto No part of the homestead of either 01 the BorroYlier(s) is presently or will in the
<br />future be situated upon said real estate, The Borrower(s) understand that if either establishes a homestead on any part of said real estateduflng the timethe Deed of Trust
<br />remains unsatisfied and a lien upon said real estate. there shalt be no fight to make a designatIOn of homestead 10 the event of a foreclosure or trustee's sale with respect to
<br />said Deed 01 Trust
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<br />o R WAIVER OF RIGHT TO DESIGNATE HOMESTEAD:
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<br />The Borrower(s) acknowledge that they areabout to execute the follOWing Deed of Trust upon the real eslatedesCflbed therein. The Borrower(s). and each of them if
<br />more Ihan one. do hereby waive Ihelf fight to deSignate a homestead pursuant thereto The Borrower(s) understand that they have the right to make a designalton of
<br />homestead and that by executlOg thiS waiver, they are waiving nghtsotherwise available for the purpose of affording them the opportunity to retain their homestead in the
<br />event of a default 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 ProtectIOn Act (Section 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 herem by thiS reference
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<br />Borrower
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<br />Borrower
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<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />THIS DEED OF TRUST '5 madp.l5 01 "'P 4. dav 01 De_c. _ '9 _8_7_ by and among the Trustor. _f/lj.chial Nielsen
<br />Nielsen__u_HJl!l_b_aocJ a.n.dWif'~ "n05e m3,long addre5S'S _05~_-"--l>i":lllorial Dr. Grand
<br />Yor}{ state Ba~_a.!ld ~:r;\l_s'LCompany_____~
<br />whosemailingaddress.s.lQQ___LJ.JlQQJ..l.! A:ve . Box_J9 n '[ () r~_, ~~ 6~~_6?_~__~____ (herein ."Trustee")"
<br />and the BeneficIary _____"Yj)rJL__SJ~at_e _B~M. _~mL~rl1.s t. .G_Q1DPa.Dy____ u_. __un _________ ________~_
<br />whose malting address IS ___7QQ__~Jn.c.:9:tn Ave. Box) 9Y:ork_,_ NE 68467..___ (hereon ""lende'"'
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<br />& Linda J.
<br />Island.
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<br />NE._______ _ (heTem' Borrower '- tt\{" T,uStcl"
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<br />FOR VALUABLE CONSIDER A nON, including the mdebtednes~ Identlf'€'d herem and trust herem created. the receipt of which IS hereby a'_.....:owledged. Borrower
<br />hereby irrevocably grants transfers conve)'sand assigns to Tflistee IN TRUST WITH POWER OF SALE for the benefit and secunty of Leneter, under and subject to the
<br />terms and conditions he-remafter set forth the reaf propert)' descnbed as follo.....s
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<br />All of Lot One (1) and the Easterly Forty-Four Feet (44') of Lot
<br />Two (2), Chief Industries SUbdivision, Hall County, Nebraska
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<br />Together With all bUildings. Improvement!>. fu.lures, streets, alleys. passage"""3)'S easemen:s fights Pfl1,'II('geS and appurtenances located thereon or In anY,^'lse
<br />pertaining thereto. and the tents. issues and profits. re""eISlon5 and remainders thereof. Includmg, but not limited to heating and cooling eQUipment and such personal
<br />property that is attached tothe ll'TlprO'o'ements so as taconstltutea to(lure_ and together With the home-stead Of mafltalloterests. If any. which mterests ale hereby reteased
<br />and waIved. all of which. tnCludlOg replacements and additions thereto. IS hereby declared to be a part of the real estate secured by the hen 01 thiS Deed of T rust and all 01 the
<br />foregoing being telened to herem as the' property.
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<br />This ~ of Trust shalJ secure (a) the payment of U1e pflnClpal sum and lOterest e\'H.1er:ceo by BOHO,^P' S note anl1 or credit 3Qfe-emen) date)1
<br />~_e C. .q .1987 __ , havmg a maturity date of__~~ C .~_~!!.t_!~9!_.__ _ to lI~e orlglnal pnnc.ryal amount o! S __~9__._~~_t?_ ~_.?~_ _- ~:-d-~~~-a~-;II
<br />modilications, extenSIons and renewals thereof or thereto ana any and all tulule ad'o'ances and read\'ances her(>unQer oursuant to one or more prOfl'lJssory notes or credit
<br />agreements {herelOcailed --Note' 1 (bJ the payment of other sumsarJvanced by Lender to protect tne seCOr]!", o! the Nate it) the performance aU co....enants and agreement
<br />of BoirO,,"'er set forth herein: and (d~ alllOdebtedneS5 and obligations of Borro.....er to Lender ...t!E'!ner ctlf~ct Indlfcct absolute 01 conlingent and \\heU'll::'r afl$lng b)' nole.
<br />guaranty~ overd,aft or otherwl,se
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<br />Borrowel. to protect the security of thIS Deed of Trust co~enants and agf~s Wllh lender as fo!!Ov.s
<br />1 P.YfIMflto' Principal and Inlor.." Borro,^'e' shall promptly pay vvhen duc the prinCipal 01 and Interest on. and any fees Of charge5 prO~I('ed to the Note or In thiS
<br />Deed Of TruSI
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<br />2 Tm.. BOIfO'l\'er Islh('! owner of the Property_ has the right and aulhoflt)'10 COn\'('v th(' P'operly d"<J ......arrants that the liencre-aled herehy IS ~ 'ust ~ln(j p"o' lien on
<br />the, Property, except as may othelWIs.E." be set fOflh herem a,nr) thp pxecut-,on and tj(>\!ver}" 0' tt"li5 Dt-ea of flUS! (joes nol \'!o'at(' any contract or oth"., ob1lgallon to ",hlch
<br />80"owoI is ;ubjeCt
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<br />.,3. T..H. .....ament.. 10 Day when due aft taxes, SP-e'CI2!l! assess.ments and all ottlN c"Mges agatOst t!1e Propelt.,. and upon ...."Ue'n (1f"m"n{1 by lender 10 pay fO
<br />lender ~uch amount as may be SuHiclenf 10 enable lhE' le-nder 10 P:l,' SUCh tJl"lPS assessments or olhel <.harges. as they bec01'ne- due
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<br />4 "'Iuranc.. To Ikflep the PH'perty InSLJrM "9iilf'\St damaqt' by f,re h:tlards In{..!uded "I.-,\h,n the t('rm 'elllenOt""O CO\f;"agl" .,nti such o1t\(" haz.,..ds.n l(>"dt" l1'i'Y
<br />rftQjJlff!', mamounlS Aild ';nth comparltes acceptable to lender anlj ....Ith lo,,>~ p.1V.lb!t' to the lend('r 10 (a5.{" of iO~'> un;jer sue!'"> p.Q!ICll'S thl' l(trl(](>l 1'1. 3uHll..lfl;(>\J hl ,1I1j\lS1
<br />coHeet an(tc<>mp-fOf1'\,'~" ail (la!m, the'.eur'ldt.'r and shall t\al/e Ih~or.'I'Ol\ I)f .t1)P'"lfl9 All f)' Daft t.,' tt>e ,nsu',VH,::e- rH0Ct.~t'{js It'. 10 an..- ,n\~t'bhH~N'S~ '!It'C lJ't.'l1 'It.,,'t>... ,''',' ,n ~ll\."
<br />Oldt" a, lr,n.dermav d~tefmtne (Ill to tt~(' OQ'rowN to be used fo' Hw f~palf ()' f(>!.1uraftoo 0' lh~ P,<.'['C'!t, 0' !1l!1 '0' ,~.,\ alt'~1 PlJ'~\~"~f' I.H \)l\14-'ft 'lo.lt'St,l(to'",' tu i.. ....1-'1)("
<br />WI'hOH1.ff~tJnQ .....e hen of Ifll' Oero 0' T ruil '01 ,tw 'Vt! amoun1 "t'( If''''d tll:uet.y bcforf' 'SUCh pa)'rt'{>rll ~\('I !O!.~k p!a~ (' An,' ,Wphl :iI'lH~ (~f ~'fn(.t't\~l" ~~, "lill'l'1p.t..psS r;h"l~
<br />n(~t extend Of P9JtpOf~ l!"\ft ,dlJti d~1~ (If MI'j paymt?-"ts lindt" the Notl" Ot (U'(~ Elf1y tl("auit tht"(JiJn(jI." ',\! h~'oe>;jl1\!{"
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<br />.....f\aIIC. ".Pe.... and Compliant. with la..- (l()."f}~(.t ,hAil ~P.tlP the- Prut<{'rf, .n gO(;~l (GP,j:l/,.,,, ,11"1 '('p.l;' "-'i,1" p,,\!np!i. 'i:r'.l.l! (]I ~~'t'!.h (' .1'\)
<br />,mplcw"rne-ot 'fthKh ~r t;e d.rTli1~j {)' ",.SlrOye-rJ ,.h.l1H nor lO'fHl\~l 0' Ilf','tht ,)(r., ^;Uttt (.~~ <,1('-!{>fH;";1.ftf;n r.' HW .'1n~(.n... .....',l~) ,;,., 't":'.""'it"'~'-';,<,,, "1 ~i.lt,...1il"t,.,i-\' .,HI"
<br />*r'ly of fhfil tmptQy-p,lfH!nli o-n ftlt' Plop~rt.. "h.:iH "ot tQfn''nlt ~IJtff;-' Of f't"-I!T..t ..f"t.....J(! ") be <It..,." ;'"'{II (J~)"')'~ lhr- Pt~'C'{>'h' ,11 ..(".,,!,~~t~ .-,~ ,1" ~'.,^ ,,,,~.!".'t'l 4' IH q~,lHl.,. ('" .P"-'
<br />~,~.lI!: ('Ii!" At""t ,)~O!V'tr.1:y t1tJ.~ha~Q.,lI' Ill)r H:>Arl 10 CO\\ lilli) (" t(.~;nt;p ~11 fl.'fI\. r'-'~'IJ!I'f,I."~:_ po, 3tHl (r.~llJ"'-I,,{'-', 'c';' "'I"'P',l\1'" (., ,1J,.......'.'~ ,1':" ,''I.' '. ;' j', 'I'" I, '''1;', .' ..,' ~ !'h'.'P' "
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