Laserfiche WebLink
<br />ACKNOWLEDGEMENT OF DEED OF TRUST <br /> <br />88- 104216 <br /> <br />BORROWERS READ THIS BEFORE SIGNING: <br /> <br />Borrowelll (Trustolll) undellltand thalthedocumenllhallhe Borrowelll are about to e.ecute 10 a Deed of Truo' and nolo mortgage and tho' the power of eele provided <br />for in the Daed of Truat provides substantially different rlghls and obllgallonsto the Borrowers fhan a mortgage In the event or a default Dr breach or obligation under Ihe <br />Daed 01 Trust. Including, but not 11m lied to. the Lender's right fo heve the Rul Property oold by the Trus'ee without any judicial proceeding or foreclosure. Borrowers <br />represent and warranfthetthlo acknowledgement was e.ecuted by them belore the ..ecutlon 01 the Deed or Trust. <br /> <br /> <br />A Single Person) <br /> <br />Borrower <br /> <br />PREFACE TO DEED OF TRUST <br /> <br />COMPLETE '~Is portion ONLY Illbs real properly daacrlbed conallll 01 INDIVIDUALLY OWNED AGRICULTURAL LAND. <br />II apptlcale, com....1a ONLY ONE sllbsr A, B. Dr C: <br /> <br />o A. DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD: <br /> <br />The Borrowerts) acknowledge that they are about 10 execute the following Deed of Trust upon the real estate described therein. The Borrower(s), and each of them if <br />more than one, do hereby diSClaim their right to designate a homestead pursuant thereto. No part of the homestead of either of the Borrower(s} is presently or will in the <br />future besitulted upon said real estate. The Borrower(s) understand that if either establishes B homestead on sny part of said real estate during the tlmethe Deed of Trust <br />remains unSlltisfled and II lien upon said real estate, there shall be no rightlo make a designation of homestead In the event of 8 foreclosure or trustee's sale with respect to <br />said Deed of Trust <br /> <br />o B. WAIVER OF RIGHT TO DESIGNATE HOMESTEAD: <br /> <br />The BorrowerCs) acknowledge that they are about to execute the follOWing Deed of Trust upon the real estate described therein. The B~rrower{S).andeac~ of t~m if <br />more than one, do hereby waive their right to designate a homestead pursuant thereto The Borrower(sJ understand that they have I.he right to make a deSignation of <br />homestead and that by executing this waiver, they are waiving rights otherwise available for the purpose of affording them the opportunity to retain their homestead in tile <br />event of a default upon the Deed of Trust. <br /> <br />o C. DESIGNATION OF HOMESTEAD: <br /> <br />Pursuant to the Farm Homestead Protection Act (Section 76-1901 at seq. Revised Statutes of the State of Nebraska). the Borrower(sJ. do hereby designate the real <br />property described in the "Designation of Homestead" attached hereto and incorporated herein by this reference <br /> <br />Borrower <br /> <br />Borrower <br /> <br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION <br />THIS DEED OF TRUST. IS made as olthe l.s.1:d.y 01 AugusL ~ _ 19 BR- . by and among the Trustor. Virqi n i" A. <br />Jeffres. A Sinqle Person _____. __ whose mallln9 address.s 1902 West Charles. Grand Island, <br />NE 6RR01 (hereon"Borrower"J theTrus... William G.._BlackburI4_ A member of the NE St"tp B"T A<:<:n. <br />whosemallingaddresslsp.O.~ox2280.L_~~.?ndIsland.NE 68802-22.80 ______(hereon "Trustee") <br />Five Points Bank <br /> <br />and the Beneficiary. <br /> <br />whose mellingaddress IS ~_Box 15~ GranQ .Isl~___NE <br /> <br />68802-1507 <br />------~~ <br /> <br />(herein -lenCier"l <br /> <br />FOR VALUABLE CONSIDERATION. including the mdebtedness Identified herem and trust herem created. the receipt of which IS hereby acknowledged. Borrower <br />hereby irrevocably grants. transfers, conveys and assIgns to Trustee, IN TRUST WITH POWER OF SALE. for the benefll and secunl\-" of Lender. under and subject to the <br />terms and condHions hereinafter set forth. the real property. deSCribed as follows <br /> <br />Lot Ten (10) in Block Eighteen (18). of Charles Wasmer's Addition to the City <br />of Grand Island. Hall County, NE <br /> <br />Together Wllh all buildings, improvemenls. fiKtures, streets. alleys. passageways, easements. rights. pnvlleges and appurtenances located 1hereon or In anywise <br />pertaining thereto, Ind Ihe rents. Issues and profits, reverSIons and remainders thereof; including, but not limited to. heat 109 and cooling equipment and such personal <br />property that Is anached to the improvements so as tD constitute 8 fiKture; bnd together wllh the homestead or maTllal ,"terests, ilany, which Interests are hereby released <br />and waived: all of which, Including rfiplacementsand additIons thereto. IS hereby declared 10 be 8 part of Ihe real estate secured by the hen of thiS Deed 0' Trust and all of the <br />foregoing being referred to herem as fhe "property" <br /> <br />Thl. Deed of Trust shall secure (aj1he payment of the prinCipal sum Bnd Interest eVidenced by Borrowor's note Andlor credll agreement dated <br /> <br />R/i IRR ,having a maturlly date 01 1/2R/89 In Ihe onglnol prmclpal amount 01 S ~J2QO_~__ and Any and all <br />modification.. extenllon.and renewals thereof or thereto and Bny and all future advances Bnd resdvances hereunder pursuant to one or more promissory notes or credit <br />agreements (herein eallt'd "Nols"!. (b) the payment of other sums advnnced by Lender 10 protecl the security of the Note; Ie) Ihe perform8nc9 811 covenants and agreement <br />of Borrower set forth herein. and (d) III indebtednels and obligations 01 Borrower '0 lender whether direct indirect. absolute or contingent and whether Brislng by note. <br />guaranly, Dverdr.U Dr otherwll8 <br /> <br />Borrower, 10 protect Ihe security of this Deed of Trust. covenants and Bgreea with Lender a& lallow!'; <br /> <br />,. ...,......lofPrtnc.paland.n......l. Borrower shall promptly pay when due thp prinCipal of Bnd mlorest on. nntl eny lees or charges prOVIded In. the Note 0' In Ihls <br />Deed of Trull. <br /> <br />2. TIItI'. Borrower "the owner of Ihe Propert'l, ha. the right and authority to convey the Property. and warrants thai the lIen crealed hereby 1&8 'Irst and prior lIen on <br />Ihe Property, except I' may otherwise be set forth herein. and the IIxecution and delivery of Ihl! Dead of Trust dOD& not VIolate BOY contracl or other obligation to whIch <br />Borrower II lubjeCl. <br /> <br />3 T...., ............... To PlY wh~n due 8l1tllxe8. special alllelsmentB and all other charges 8g81nBt the Property and upon wrltlen l10mand by lImder, 10 pay to <br />Linder such amount II mav be lufficlent to finable the Lender to pay such t8X8&, alBellamontll or other ch8rgO& 85 they become due <br /> <br />'.t, .......... To kHP the F'roperty Inlured Iglln.t damage by fire. hllsrds mctudud within the torm "extended coverage.- nnd such other hnznrl1s liB LfJnder moy <br />reqUIte. In amount. and with camplnl.. acoapt.blt fo Lender. IInd wllh 1011 pllynble to 'he londer In caae of lOB! undCl Juch poliCies, the Lf'ndel I!II authOrized to adlust <br />collecf and cDmptoml.., III clalm.'thereunder and ,hall haYII the opllon olapplymg III or pllrl 01 tht.lln!!lUrRnce procoDds (I) to any indebtodnl'S8 !'ICCUI(lc1 hprnby and rn such <br />order ..lender may delermlne. CII) to the Borrower '0 be used for the repair 01 restoration 01 Iho Proporty or IIlIj for Any other purpose 0' nblncl !>nlll~lnclory 10 LprH1f>f <br />without Iffectlng the lien ot thl. Otred of 1ruII lor tho full amount .ecurod hnrebv before such paymont &110' 'oolt plnce Anv apphr:n110r' 01 proem'O!ls 1(1 tnc1f'ht(llin(1!l~ ShAll <br />not edend or pOltpone the due dlte 0' anv payments undor the Nute. Of curo ""V delalJlI thereundur Of horoundm <br /> <br />5 ...........,.,. A.,..,. and Comple.nc. wllh Lewl. Borrower shnll keep the Proportv II' gor)d condlhun lInd rflpnll !thAII l'IInlnl1fl\ '1'llIHI 1'Ot .t'l'llI! r An\ <br />Improv."..nt which may be damaged Dr deltroyed, shnll n01 commit 0' PE'rmUany Wilt., or dplorlornhon of tho rrOPNtv 'hnll nnl "~I1\UVll c1(~nH1lj"'1 III !Ulh"l(1nl,nll, IIlh', <br />.,....,0' thelmp'ove"...nt, on th~ Property ,hall nol commit. lufls, or I)ermUa"v nel to btt don& In or upon thu p'OP""'" "' IIll1iolmn pi nf'~ Ill"" 01 c1t111'''I.' (11 Ipy,dnlHH, f"111 <br />thall ply ant' promptfr dlschargoe' Borrowor'scolt end e.ponDt' elllletl&; encumblllflct!1I "ru1 rhn'onR. l(h/lfld Imlln'r'c 1)1 R!'l!l(l!uJt1d nu",.,,,! till' P, 1'0('01..1, ,,, .,,,~ pn'l HlI....'" <br />