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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
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<br />88- 103146
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<br />IORROWII.. RIAD THII IIFOIIE IlGNINO:
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<br />Borrowe", (T/ulto"'l unde",'and that the document that tha Borro...",are about to execute II a Deed 01 Trultand not e morlgegl and that the powor of IIle provided
<br />lor In the Deed of TrUll proYldn lubltanllally dlllerent rlghtl and obllgatlonlto the Borrowe.. than I morlglge In the eyent 01 I derault or breach 01 obllglllon under Ihe
<br />Deed 01 Trult. Including, but nolllmlted 10, thO Lender'1 right 10 hIve the Real Properly lold by the Trultee wlthoulany judicial proceeding or foraclOlure, Borrowe..
<br />repl8lllnland w.rrant thatthl. acknowledgement wa. execu,ed by them belore the execullon or lhe Deed of Trult.
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<br />Borrower
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<br />aton) Borrower (A Married Person)
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<br />PREFACE TO DEED OF TRUST
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<br />COlIP\.ITIllllI """10ft ONLY II \Ile ...1 II'-" -..- a_II oIlNDIVlDUAUY OWNED AGRICULTURAL LAND,
<br />II applicable, c"",ploN ONLY ONE lllIIer A, B, ... C:
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<br />o .... D1ICUUIlER OF RIGHT TO DEIIGNATI HOIIESTEAD:
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<br />Th.8ofrawer(l) acknowteclge lhlllhey Ire about to..ecute'he 'ollowlng Deed o' Trult upon the real 8statedescrlbed therein. Thft Borrowertll). and each of them if
<br />mora thin one. do hereby dlaclllm their right to de.lgnlt.1 homestead pUrlulnl thereto No part 01 the homestead of either of the 80rrower(l) II presently or willi" the
<br />'ulureHattUltedupon uld ,..Ielta'.. The 80rrower(l) understand that It 8Ith.relt.bllahel. homestead Oil BOY partot Bald relll eatate during the timethB Deed ofT""t
<br />J.malnsunJ;atilfledand aUen upon .ald real."lt8. there ahall be no r1Qht to mike I deslgnltlon 0' homestead in the event of a forecIOlureortrustee'."'e with rnpectto
<br />. IIld Deed Of Tr...'
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<br />o 8. WAIVEII OF IIIGHT TO DEIlGNATE HOIIEITEAD:
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<br />The eerrower(l) acknowtedge that they are about toelCltcute the followmg Deod at Trult upon the r811 eltlledescrlbed therem. The Borrower(I), and "cho'themil
<br />more than OM. do hereby wllve their right to designate. 8 homestead purlulnl therelo Tho Borrower(s) understand that they hive t.he right to make a deaignatl.on of
<br />nome.teadand that byelll8Cu,ing Ihllwalvel, they Ire wI.vlng rlght& olherWlie ,.v.llable tor Ihe purpose of affording them the opportuRltyto retain their homestead In the
<br />....., 01 . deI.ult upon the Deed 01 Trult.
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<br />[J C, DlIIKINAnOM OF HOIIEITEAD:
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<br />Pursuant to the Farm Homestead Proteclion Act (Seello" 76.'90 I at seq Re"lled S'l!Ilut~s of lhe State at Nebraska). the Borrowe"(.~, do hereby deslgn.lethe real
<br />property CktICrlbed In the "De,ignltlon of Homlllead" 8UaChed hereto and Incorporated herem bV 1hls reference
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<br />Bouower
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<br />BOffower
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<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
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<br />THIS DEED OF TRUST. IS mede OIl 01 Ihe
<br />~ger~!l_,.""
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<br />2nUJav 0'
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<br />June.,
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<br />19aB
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<br />bV and among the Trustor.
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<br />R"lph W.
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<br />NE. 6AiA02-0885-...... (herein 80rrower""1 !he Trustot3
<br />whoae m."ing.cId...' I' J~~!,J!9.lC.~_2.l~() I , Gr and
<br />and!he _IlC,ary, .-liv.e.J'.oint.G., 1!llnk..
<br />Wh........lII/l11.cIdre.... ~!._~2f~0! Grand I~.1~n.<i" NE,
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<br />whOSO mAIling address IS ~.P...O" Rox HAS #
<br />Wilham G,.. J;I.l.i'\.Cls~!u~.IJ.L a Member of the
<br />Island, NE 688_0~:-~?_8~__~,____.
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<br />(;YoAnn T~l;:lnn,
<br />NE State Bar Assn.
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<br />(herein -Trultee-).
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<br />68802-2280
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<br />(hefeln "l.ende"-'
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<br />FOR VALUABLE CONSIOERA T ION. InCluding Iht" Indebleonen .dentltlea tlenun and 1rusI herem created. 'he recelp1 of which IS hereby acknowledged, 8orro..'
<br />hllreby irrnocably g.antl, t..anlfers. com'GYa. and assigns 10 T ruSlf!t.l. IN TRUST WITH POWER OF SALE for the benefll and s&Cunly 01 Lender. under and subject to lhe
<br />term. and eond'tionl heretnafler HI forth. the real properly described at lollows
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<br />Lot Two Hundred Seventy (210) in West Lawn, ~n addition to the City of Grand
<br />Island, Nebraska, as surveyed, platted and recorded
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<br />Togelhel wilh aU buildings. ,mprovem~I', flJl.tures,. slrNII. alle)'s. passageways. easementl. nghts pflvlleges and appurtenancealocated thereon QJ In anywIse
<br />pIIftajnlnt thereto, and the rentl, Inun and profitl, rever".Ons and remainder. thereof; includIng, but nolllmlted 10, heating and cooling equipment and luch personal
<br />prOperty Iha' ....uached to the improvement' SO alto conl1l1ute. Ualure:and tog.ther with Ihe homestead or manlaltnlerells. It any. which IOterel" .'.hereby r....Md
<br />loo..JwcJ:,,1 ofwbicl\.lncluding r.ptac.~ta.nd.ddltIO"1 thereto. II hereby declared 10 be. part 01 the real estate secured by the ItBn of thl' Defldo' Trultandan of the
<br />looegol/llllllling ,.'.rreclto I'l4lreln .. ,no .property"
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<br />Thia Deed 01 TrUll ah411 Mc;ur. t.) II'le plylTHtnl ot lhe principal sum and Inlme1l1 eVidenced by Bol'tuwer ~ f10'~ al'd'Of credilllQrunment datl:'d
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<br />.111"" ?, 1 (IRA _. navlnga matu'i'y d.le 01 May 2, 1994 ,In lheo"g,net prlnclpal.mounl all 5.812.40 al1ll.ny.""."
<br />mod,nel'IOM. ..teMionaand tenew.11 thefeot or thereto and any and III future advances and r.advlnces hereunrJer pUrlulnl to one or mor.. promiSSOry noln or crtKhl
<br />agrHtMnfl C.....'n e.IJed..No....'; Ibl thtl plytnentof othltf sum. ad....nced by Lender to protect Ihf'll!U!Cunly of the Note. tel the periormanCIt an covenln" and agreement
<br />of Borr~'" fOf1h he....n:.nd (d) aU inctebtedMSland obllQltlonl 01 Borrower to lender whether direct. ,"direct. absolutn or contingent Bnd wt>oether .,Ismo by nole.
<br />guaranI)', OYIIrelfalt or 0_".
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<br />Barro.-r. to DfotlCt It.. NCU,.ty of thll 0Hd 0' Trult. coven.ntl and agrOft with Lende.. as follo'#r!l,
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<br />DMcI ~ T~ ..""""............ Bor,ower.hall plomptly pay when dUll tlla prinCipal ol.nd 'n'.,e.. on, and Iny 'ee. QI chxlg.' prOVided In, tno NO'1 Olin 'hI'
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<br />2. TJII.. Borrower ......owner OftM Pt~f1y. .,..thli right Ind authority> to convey thePlOpuly. and warrants Ihll Ihe hen e,eal.cl hereby la. 'I,,'and rmor Il.n on
<br />~ "" Propef1y...~ ........ ~ be:'" forth herein, and tho ..ecuIlO" _nd dollvefY ol1hil 0..0 01 TrUll doe'! n01 vlolnte Iny conllacl or olh" Obllg,1110n to which
<br />Bor_ It. 8UbIaCt
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<br />:I. ,....AM!II... . TO pay whtf1 due .U......, lpeC:tllaHettrnen,..nd an other chlrg... ~llnsllhe Properly and, upon _nllen dem.nd by Lend.r. 10 P'Y '0
<br />....,., turb ~...".., bit 1Ut'~f ~ enatNlht Utndet 10,.ay luch flJlft, .....II'l't."11 or othlr chargGl aJ 'hey bitcoml dUB
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<br />'.t, .....-. To ..._ Property tMuted ..inti dlfnl9'l by II,., hltlrdllnCluded within th. term ....tended cov.,.ge~, and luch oth"r haUld& II Lender may
<br />rlQUt'.. ",.".,mtJ.!Iftd ""tI ~ atcepi~ 10 l.n... Ind with 1011 pa.,lble 10 the Lender In cllle of IOI! under SLtCh poIlC~I. the Lend." 110 lIIultlorlled 10 adluI'
<br />eot'<<tanclcompt~. "'C~",,*,e\"'k"f and thaUtll"" lheoptlon o.t Ippty.nglin or parI of the m,urlnc-o proceeds (I) to Inv U,deb10dnellL ,ec1Jf.d tuupbr IInd In Iouch
<br />Of"" ......... mI"._..tm.... {U'~ to ,n. 8orroMf to be uMd for the ,.pll~ 'Jo' 1I'~ln'.t1on of thl PrOptlrly or (Iii) 'O'r any othe, PUfPOStl at oblect ..tllllctorr to Lenl11l"
<br />..~ ett.c~ _~~ ""1-0ItcI of Trut' tOt the fuUamot",1 NCured h,ftby' befOf.,uCh p.yment (tV" toolt p'"ctt Any application 01 procrpdt to ,nct"blet'"I1U ~h411
<br />n<rc nMPftd Of ~..... ~ date qt UiY payment. lftMJ.f IIlG ~.., Of CUI' In, def.utll'lereundil' or ".rlunder
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<br />5. It. r v:-..........~..L.... 80'fOW" Ih.H...p 1M Prooefty In goad conc:hllon Ind 'Ip"n, 1l,,,"11 P'Umlllly "'IHlII or ronplllF.:t'l'Iny
<br />I~ wNd'l......... ~ 01 ttH:troyect; 111." not CQI'I\ml' ()f' pe,nut 1"1 ...... Of d.'.'lor'lion 0' tt.. pft)~Mtrt., ..",.11 nor r."'OvU l1~11l01t.h t)' !Iutl,ln"lllll'l' _UfO'
<br />Int o'J ....i.""9'~ Oft "".",ope.ty. !lh.ln noc G1IIfI"m. luff.- or ~rmlt any wet to be dOMf In ot'tJpon thl'! Prop,,,t, I" ~l()lft'lon at ,n., I"''''' lUd"'o1nc p m rngulatU}/l And
<br />......'1Itftd'"~'W t:tJt(".'.... ao.'O""". totl .ntI..~"M III Ufo"I, .neUtI'ltJ'.nc...."d th_riil.' lavlt!'f! lmpottli'd Ot ....ttUtlod /lUlI,n,' '''1' P'OO''''y 01 "nV Illtrllh.u~lOl
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