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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
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<br />88-103314
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<br />IORROWERIREAD THlIIEFORE SIGNING:
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<br />, .' ,':Bori'owelS(TruIIOnl im!lersllnd thaltha documanllh., the Borrowen.re .bout toeKecute II. Deed olTrult.nd not a mortg.ge and that the powerol eate provided
<br />for In the:Deed olTruit p'Ovldl..ublllntillly dlllennt rlghll.nd obllg.tlonl to the Borrowlrllh.n . mortg.ge In the event 01 ~ del.ull or bre.ch olobtig.tion under the
<br />Deed 01 Trult'ln"'"dlng, butnolllm:,.d 10, thl Lender'l right 10 hIve Ihl Reel Property .old by the Trultee withoutany ludlcl.1 proceeding or loreclosure. Borrowln
<br />represe_nt.ana ,.~,,,-,,,,,I !!l.1t thle .cknowledgemB"t.waae.~ut8d by them before the execution of the Deed 01 Trust.
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<br />l.t~ W~
<br />(HZ W. oltenber,.rroWI' 'Husban
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<br />c;it ~.o-'.. C~~bC7
<br />{Harlene C. Sto1tenbl.e~er Wife
<br />PREFACE TO DEED OF TRUST
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<br />COIIPLETE 11111 portion ONLY 11111. rell properIJ delCrIbed consilII ollNDIVIDUALL Y OWNl!D AGRICULTURAl. !.AND.
<br />lI.ppllcalll., com...... ONLY ONE eI\her A, I. or C: .
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<br />o A, DIICLAIIIl!R OF RIGHT TO DEIIGNATE HOIIl!STEAD:
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<br />Th. Borrower(I)lCknowllldgllhll th'y .re Ibout to eKlcutlthl'ollowlng Deed ot Trult upon Ih. rl.1 elllll de.crlbed thlreln, The Borrower(II..nd each otlhem II
<br />more Ih.n Ona, do hereby dlscl.lm Ihelr right 10 dellgnlle I home.te.d punu.nl thereto, No p.rt 01 the hom..te.d 01 eithlr 01 the Borrowlr(l) I. preoenUyorwill in the
<br />lulure be lituated upon uld n.l eltlll, The Borrower(l) undenllnd thll II either e.I.blllhe.. homelte.d on .ny p.rt 01 uld re.l8Itall durlnglhetlmellle Deed oITruat
<br />l.m.lnl unullllled .nd .1I.n upon uld rlll8l1.te, there .h.1I be no right 10 m.kl e d~lgn.tion 01 home.tead in the .v.nt ot. loreclolure or trull......... with reapect.o
<br />uld D.... ot Trull
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<br />C B, WAIVER OF RIGHT TO DESIGNATE HOIIEITEAD:
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<br />Th. Sorro_ll. .cknowledge thllthey.re .boulto eKecule the lollowlng Deed 01 Tru.1 upon Ihe re.' e.tat. described thlrein, The Borrower(l).and each oil'*" if
<br />more Ih.n on., do h.nby w.I..Ihelr right to dl.lgn... e home.tead purlu.nttherelo, The Borrower(l) underlland Ilultlhey h.vlthe righlto m.ke. deslgnatillll 01
<br />hom.l..ed .ndthatbyeKecutinglhl. w.lvlr, Ihey .rew.lvlng right. otherwl.....II.ble lor Ihe purpo.eo' ""ordlng thlm Ihe opportunlly to rellln theirhomestud in \he
<br />...nl 01. dal.ult upon Ihl Deed o. Trull,
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<br />C C, DnlCIIIAnON Of' HOIIEITEAD;
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<br />PurlU.nllo lhe Farm Hom",,".d Protection Act (Secllon 78-1901 Itleq, RI.load St.lUlel 01 th. St... 01 Nlbraakll, thl Borrowerl_). do hlrebydBlignatethereal
<br />property dncribed In the "Onlgnllion 01 Ham.I...d" attached hereto and Incorporated herein by thiS ret.rence.
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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,lIm.delloltne ..15, oay 01 ,June, _, __ 19J1L, byandamon9thITru.tor, Harrv W. and Harlene
<br />C. Stoltenberg..Jb!.sban!t~tfe__.__,_. who..mallongaddre..," 1504 N. Taylor. Grand Island. HE
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<br />Ihlr"n "Borrower-), thl Trult.., \lUl1Am__G,._Ill.a~kll.lU1la_.!LHember of the ME State Bar Msn.
<br />whoM m.lllng _r"llI P. o. box 2280. Gra-':l~L I8land,,__~~, .. _ ___' lhlrein "Trustee-I.
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<br />.ncI"",e.nellclary, Five Points Bank ___...___u._____m_
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<br />WhOM mailingldd.... II P.o. BDX -1501. Cirand, Island.,..NJL6B80~____ l_n"l.enden,
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<br />FOR VALUABLE CONSIDERATION. includinG the mdebtednes, Identified herem IInd trus' herem crelted. In. receipt 01 which is hereby acknowtedged. Borrowet'
<br />hereby 'rrevoclbl)' grant.. tr.nll.'I. conveys.lnd alaigns to Trulltee,lN TRUST. WITH POWER OF SALE, lor the b8nefil and security or lender. under<lnd lub;ectlothe
<br />.erm. and conditions hereinafter set forth. the r8al property. descflbed as 'ollow.
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<br />Lot Six (6) in block Five (5)Cunningbam. Subdivision in City of Grand Island.
<br />Hall County. Nebraska
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<br />Together with III building.. Improwemlnll. fixturel. Ilr"'I. alleys, pllugeways. 8118ments. rights. privilegeland appurtenancellocated thereon or In anywlle
<br />pertainlnljil t....Nto. and the r.ntl. I....... and pro,nl. reverslonland remaiqders thereat: including. but nolllmlted to. heating and cooling equipment and such personal
<br />property thalli attached IoU.. Jmprovementl 10 .'10 conltllule. flllure: and together with the homestead or marital inlere,". if any, which Interesll." hereby rel.INd
<br />and weived:etlot which.lncludll1llnrol_....nt..nd .ddltlonltharoto, il hlrlby d.clerld 10 bl. Plrt 01 thl ..lloSlale secured by Ihllien at th.. DIed 01 Trull.nd.1I olllle
<br />Ioregolng bell1ll r.I.rrlld to lulIeln u the "property"
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<br />, .',ThiI o.d a. TrUll shin IIKut. elJ the pIIyment Of. the prlnClplllum and IOt.rell evidenced by Borrower'l nole Indlo, credll aireament dated
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<br />6/15/88 ,he.lngam.turltyd.t. ot 6/15/92 ,In the orlgln.1 prlnclp.llmountol S 50J.5. 50 .ndany InII."
<br />mocN'~.'toM; elltenliont anet ,...111 thereat or ther.to and anv and III lutu,e advances and readvances hereunder purluant to one or mo,e pt"omilsory noln or credil
<br />ag~lherelncalled"Nota"): (b)th.pey......1 01 oth.r lumlldvlncld by Lendlr 10 prollctlhl lacurlly 01 Iho NOll: IClthl perlorm.ncl IlIcoven.nll.nd Ig,""",nt
<br />of Bottowet lit forth hI"ln; and (d} III .ndebtednl" Ind obligation. or Borrower 10 Lender whether di,ect, Indirect, ablolute or contingent and whethe' arising by note.
<br />aUIf'MIY:_dralt or otlllfWiM,
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<br />Bor_, to Il<OI~t'he _urlty 01 thll Deed of TrUll. co..nanlllnd IgrMI wllh Lendor II follow.
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<br />1, ~................,....... Borrower thin promptly pavwhen due the princlp8J 01 and Inlll,.,sl on, and any reel 0' chargel provided in, the Noleor in Ihl.
<br />Dead 01 TMl, ' .
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<br />2. 11I..~'owef ..,twOJll,.,o,'the Propt:r1y. h.. the ,Ighllnd .uthorUy 10 convny the Pfopert~, end ..".ntlthatlhe lien c,elted h.,.b~ is II IIr.l and prior lien on
<br />1M P~r, ..caplat may ot_IN be III tonh her.ln, Ind Ihl I....utlon .nd dlll.lry 01 .hil Dlld at Trull doel not.lolllI .ny conlracl or other obll9C1ion to whiCh
<br />Bor_ ltolUlloject
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<br />3, '.-....:A...U11 J ... To,pay lIW...n d""'a" ta..., .peel.l,......m.nt. and all other Chlrge.IOllnllt". P'ope,t~ and, upon w,Ullm demlnd by Lllnder, to PlY to
<br />LanOe> IIUCh 8ftlC!tlnt. may be lulllc:ltnltD anabl.lh. Lencler 10 pay IUCh ...... .11..lm.nl. or oth.r charg.. II thlY become due
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<br />.', .......... To...." 1M p,.rty.lntU,ed agllMI d.mlge by fl,., h.ard,lncluded within Ihe 'e,m "e_lended co....r.g.". and suetl ottler haurdll.. LlnO., mly
<br />requifI, in _ end with companll..cc.ptlbleIO L....,.r. .nd wllh 1011 pay.bl.,o thl Llnd.r In c.... 011011 under luch pollc,,", thl LInder Illuthorltl,tl to Idiu&!,
<br />collel;..nd liDrliphlmlN. .IICl.I""tlll,aundll'.nd Ihlllh...lhe DptionO' .pplylng III or pili 01 IhllnlurlnCI proc..dllil to Iny indeblldnl.. neured h.roby.nd In luch
<br />0fcIef a$L_r II'II~ de..'ml.... (III to the Bor,oworlD be Uled to/lhe ,.p.lI'or r.l1or.lion ollhl Properly or li.11 101 Iny olher pUlpola or objoctlltlll.ctory 10 LInde.
<br />MtftoUtaf....mo the '..n of "tf'~ cf ltuat'OI the 'ullamount leCu,1Id hlfebV tMforlluch paymenl eve' 100h pl.C~ A.nV application of p'OCHds 10 Indebtttd""ftllhnll
<br />f'tOt .Il-.nd 01 ""pone me- due... 01 any pay""",,l. und.r t.... Note, Of cu~ In.,. dIIl.ull UI.,eunar or hll,eunder
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<br />a. ____,...... ~ whit...... BOffo..,.r ~.Il k..p th. Propitttv In good condlllon JIlnd rllp.1I 'hill! ~)Iompll.,. nJp,lr, or f"plac.'. any
<br />''"'"~''''' ~ Iftl" .d~_ Of"deI.'O)'tId; Ihall not commll 0' IItr,"'" Iny *..1. Of O....rl(H'IUon of tM Pro~rty. ,hall nol r.mO\'ft, df'moltllh 0' 'ubllll!lln1lnllv "l1rn
<br />en., of ....trnpfOftl'lNlntl D'l"*"'~'j; ""''''nof,tOmmU. tU".' otPlt'mtt Iny let to bII dOM In ot upon ,ft. Propettr In v1()IAhDn ot lIny l;tw (),dlnnn<;f'. (), r'4tflullllll(ll' and
<br />......._MldCHomcntydtlt~fOl.t8onO*ttf.lcOlt .ndtlllpefl,,'U I~"', tnc\lfflbflntft;.rw.t t:h.rglll.v"d. lmpo"d or "'..."u.d _gnu"" II'., f'f(11"f"'V or anV p""lhrueol
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