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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />
<br />sitlOiQ068
<br />88- 101121
<br />
<br />BORROWERS READ THIS BEFORE SIGNING:
<br />
<br />Borrowers (Trustors) understand that the document that the Borrowers are about to exec'..Jte IS a Deed of T rust and not a mortgage and that the power of 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 defaull or breach of obligation under the
<br />Deed of Trust. including. but not limited 10. the Lender"s right to have the Real Property sold by the Trustee with t any Judicial proceeding or foreclosllre Borrowers
<br />represent and warrant that this acknowledgement was executed by them before the ex of the Deed of TrUst '
<br />PO ~Ns;.,.\
<br />
<br />B :
<br />(Robert K. Poland,
<br />
<br />
<br />President)
<br />
<br />Borro"""er
<br />
<br />PREFACE TO DEED OF TRUST
<br />
<br />COMPLETE IIlls portion ONLY llthe rul propertt descril>ed con.1I1s ollNDIYIDUAll Y OWNED AGRICULTURAL LAND.
<br />II applicable. complele ONLY ONE e1l1ler A. B. or C,
<br />
<br />o Pc DISClAIloIER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />
<br />The Borrower(s) acknowledge [hat they are aboul to execute the fo-HO'A'"lng Deed of Trust upon the rea! estate c:!esenbei:l therelR_ The Borrower(s). and each of them if
<br />more than one. do hereby discl-alm their right to designate a homestead pursuant thereto No part of the homestead of elther of lhe BorrO't\'er(s) 1$ presently or will in the
<br />future be situated upon said real estate The Borrower(s) understand that.f either .es!abhshes a horr.estead on an)" part of s1ud real estate dunng the time the Deed of Trust
<br />remains unsatisfied and a lien upon said real estate. there shall he no fight to make a des!gnatto:'l 01 ho.mestead m the eli-ent of a foreclosure or trustee's sa~e with respect to
<br />said Deed 01 Trusl
<br />
<br />o B WAIYER OF RIGHT TO DESIGIIATE HOMESTEAD:
<br />
<br />The Borrower(s) acknowledge that they are about toexecule the fOUOA'l'llg Off'O o! T rus! upo-n th:e real estate descnbed therem The Borro\\"er(s). and each of them If
<br />more (han one. do hereby waIVe the" nghllo deslgnale a homeSlead pursuanllMrelo The Borro..ellsl understand that the)' ha\e the nghl to ma~e a designahon 01
<br />home!ttead and that by executmg this wajyer. they are ......alymg righlS othe,.A1Ise a.afl'aO!e fOf the pUJporeo' affording them the opportunity to retain their homestead in the
<br />evenl 01 a delaull upon the Deed 01 Trusl
<br />
<br />o C DESIGNATION OF HOMESTEAD:
<br />
<br />Pursuant to the Farm Homestead Protection Act (SectIon 76--1001 et seq Re..us.ed Statutes 01 ltte Slate of N-ebraslta). the Borro\\~r(s). do hereby de.signate the real
<br />property descnbed '" the -Qeslgnallon of Homestead- auacheo hereto ar:.d m.co"'pcrated I't€rean by Ihli.S reference
<br />
<br />THIS DEED OF T RU5 T l5 made <15> 0' f:1e 1 s: t. ':2211t' :.:. :~Ia 1- ell, _ 1cr88 t:~ d1"'.~ among lht- T WU'S!<:H ~ _PO 1 a nd 0 i 1,
<br />__h -__,_________ ,__ \A!I1<>3ema"ingatJd,essis _~.-9.~_ Bc>x 92~rand Island,
<br />(herem' Bouower', Ine TruS!ee__\ol~i}}i_aIll G~__!3.1ac~bu!:.~'_~__l-Iember of the NE State Bar
<br />P.O. Box 2280, Grand Island, NE 68802-2280
<br />
<br />Inc.
<br />
<br />
<br />Borro'As
<br />
<br />BOlrOAer
<br />
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />
<br />-2a~,
<br />
<br />NE
<br />Assn.
<br />
<br />whose maIling address IS
<br />
<br />---,---~___(here," 'Trustee-I.
<br />
<br />and lhe Benehc.ary. ---_EI.VIL.pnINTS~BANK__., _" '~__n__ ____ __ _____ n
<br />..hose mallmg addreu.s __P~Q.__ Ho~c 1507" _GX51lld I_~ l~!'!clL NE J~,~{J.!>2 :-J2()?
<br />
<br />"_._~---_ therein -Lender-"
<br />
<br />FOR VAL.UABlE CONSIDERATlON_ IncludlO9 Inp Hldebtedr.es-s, ~ttent"re-.j ne"'p.o ana 'rust tI.erem create-d Ih(> 'e-t,e.pt O. 'Ah,Ch 15 hereby acl.;no,,"1edged. Borrower
<br />hereby irrevocably granl5 transfers Conyeys and aS$tgns to Trustee IN TRUST \',IITH POWER OF SALE lor ltte ~f';~'.t and SNUHtV 0' LenaN. under and SLJbJettlo the
<br />term,; and conditions hereinafter set forth the real property_ ~Sotrtbed as follotJ.;'S
<br />
<br />Lot One (1) Dicky Subdivision, City of Grand Island, containing 1.002 acres
<br />more or less, Hall County, NE
<br />
<br />Also kno~'Il as
<br />Lot One (1) in Block One (1) of Dickey Subdivision, being a part of Section One (1),
<br />TOI'o'nship Eleven (11) North, Range Ten (10), \\1est of the 6th P.H., Ilall County, NE
<br />
<br />
<br />Together With all buildings. ImproYements. fUl.tures. st:"eels. aHe)'$. passage'fttays ea~menls fight!. JHI.uteq{'!o anl1 ap(luf(t'nances. IGCBte-d the-rOOIO or 10 anywise
<br />pertaining thereto. and the rents. issues and profits. revelSlons and remalnc1erslhe!eol, mr.ludlOg but not IIm_ted 10 healing and cooling t"Qulpmenl and such personal
<br />property that is attached to the Improvements soas to conslltute a fixture. and together \"t"lth the hc.mesteacJ 0' ma,.tal I01(HCSts _, any. 'AhlCh Interests are hereby released
<br />and Yraived. all of which. including replacements and addlttons thereto. IS hereby declared to be a pan of the real estate ~(>oCu'ed b~ the hen of thiS DN"d of TruS1 and all 0' the
<br />10reQoing being referred to herem as Ihe -proper1v"
<br />
<br />ThiS Deed 01 Trust shall secure (althe payment 01 the pflnClpal sum and Interest eVI(Jenceo b)' BonO'Aer 'S note an(J 0' Cfe(J11 .;agreement Oaled _____'__
<br />
<br />_3Ll/88 ,haying a malurilydale 01 3/1/93 . In Ihe 0"9mal p"nc,palamounl 01 S l5Q,..O_O_Q.J)~ and any and all
<br />modifications. extensions and renewals thereof or thereto and any and all !uh.ne advances and read,,'antes hereunder pursuant to one 0' more promIssory notes or credit
<br />agreements (hereincalled"Nole.'), (b) the payment of other sums advanced by Lender to protect the sc{:uuty of the Note ft) the performance all covenants and agreement
<br />of Borrower set forth herein; and (d) allmdebledr.es$ and obligations of Borrower to lende, whether direct IOdueCl, abSolute or contingent and v..helher allslng by note,
<br />gue,anty, oyerdrall or otherWIse
<br />
<br />Borrower. to protect the secunty afthls Deed of Trust. co...enants and agrees WIth lende, as follo",,'~
<br />
<br />1 P.,men' 0' Principe' and Int.r.at. Borrower shall promptly pay .....hen due the prinCipal of and IOt~rest on. anti any fees or charges p,Ovlded In. the Note 0' m thiS
<br />Deed 01 T'u.1
<br />
<br />2 Tit... Borrov/er is the owner of the Property. has the fight ;\nd authOrity toconvpy the Property. an(J warrants Ihallhe hen creali'd hereby 1$ a first and nltor lien on
<br />the Ptoperty, eacept as may otherWise be selforlh herem. and the executIOn an(J delivery at thiS Deed at Tru'Sl does nol ,...olale any contract or othe, obligation to whIch
<br />Borrower IS subject
<br />
<br />.3, Tali... A....ament., To pay when due all taxes. speCial assessments and all other charges agalOslthe Property and upon ...."l1en demand by lender 10 pay 10
<br />lender such amount as may be sufficient to enable the lender to pay such tal'.es. ass.essmenls or other cha'ges as they become due
<br />
<br />4. 'ntUrance. To keep the Property insured against damage b)' "re. hazards Inciuded wlthtO thp term'('.tende<J CO\o'(>,agc .1na SuCh other hazards as Lender may
<br />require, in amounts and With companies acceptable 10 Lender. Bnd With loss payable to the lende, In ea5.e of lOSS under sue" POllCI(>S the lendN IS aulhorlzed to adJust
<br />colfect and compromISe. all claIms thereunder and shllll have lIw option 01 ApplYing all Of part of thp Insurance proceeds (II to an,. lOaebledness 'SP.CUft.l(j hefPov ana w SllCT1
<br />order as lender may determine. HI) to Ihe Borrower to b(1 used for the r('palr Or restorAtion 01 the PrOPPf'y or till) fa, any other purposr or ohler! S.1ll~fal1orr to If>nd(.,
<br />w,thoul.Uechno tho hen 01 thiS Deed 0' T rust lor the full amount Sf!CUfod herpby befofe suet, paymrn1 el,'ef too.. plac~ Any appllUUlon 0' f"O(PP(ts 10 "\'Jehtpdll('~S ~hi1H
<br />not edl:lnd or potlpone the due dotl' of any payment, under lhe NOI@ Of elite any de'ault thfHPI,noe" or hf-teundt"
<br />
<br />5 Mmt.nlne. A.p.lr. .nd CompUanc. .Uh ll..a. Borrower shall koep the PfOPNly In good (On(j,!;()n "~r1 reptlil stl,J1l pro!11ptl~ ,.'p.11' 0' leplau' .w;
<br />ImpfOy"mfrot WhiCh may bedamagt"d 0' deSlroye-d, !Shall not (omml1 Of pernllt any wa!.te or de1erlo,alton of !h(! P'npt'rt'r' ""lall'\I.ll .",r,o.f' :ffW!1(\l,..", l)1 "lltlslantlall~. .lllttr
<br />.,n..,. of '"'' unp'ovemenh Oil the PtOPf'tl}' shaH nol commIt ""ufft>f Of pt'rm,t any ALt 10 ht~ dunt>.n or lltl(\r. 'h(' P'OP(>f'~. ," . '1';,lT"-;r\ ,,I ,l".~ ..i" :Hi,".,l';11' l~' 'f'ql;i"!o(H' .11\,1
<br />"hall p.,.. itnd [)'OfOlltfy (11${h...'ge III OonO>Aer ,to,' and ("JI,pf>n'te> alllle'ns pnClJlntHances J....d rt'argf''' It'\i'''' ;/nll"'f'.t ~ " .1~'if'''J.'~';' ;t;Ji'l,..... "'.' 1"l)OWh "'.1"\ Il;l" ""'..,,)1
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