|
<br />ACKNOWLEOGEMENT OF DEED OF TRUST
<br />
<br />88-106286
<br />
<br />aOARonn ilIAD '"II aE'O". IIONINO:
<br />
<br />Borro..,. (Tru.tOrl) uncMrstand thlt thl document that the Borrowers are aboulia .altCula I'. Deed of Trult and nat I mortgaglllnd Ihat the POWI, 0' NI. provldMt
<br />fOf In "" DIed ot Trull provldn tubal.nllllll' different Iigh1llnd obligations 10 the Borrow.rs lhan I mortgage in the evanl 01 a detault or breach 01 obligatIon under Ihe
<br />Dwd of Ttutt. lnchHllng, tn.ll nall1mlltd 10, Ihl Le:Nt.,.. right 10 hlVllhe RI.I Property lold by the Tru.'.. wlthout.ny judlcl.1 proceeding or foreclotur.. BorroMrs
<br />repraent and warr.nt thai thll acknowledgement wasel.lCuted by"m.m before the DlIeGullon of the Deed 01 Tru,t.
<br />
<br />
<br />~~/~~
<br />
<br />~. ck Stratton BOrf.Owe.
<br />1,(.) s;:-
<br />.--"i~ " cI '--" "-""-~
<br />~shirley (Eaton Borrower
<br />
<br />PREFACE TO DEED OF TRUST
<br />
<br />j.,
<br />
<br />
<br />~
<br />
<br />
<br />Li-
<br />f'"
<br />j.
<br />
<br />COMPLETE this portfon ONLY II the r..' propertr dncrtbecl COnalltl 01 INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />n app~ cam... ONLY ONE eltMr A, B, Dr C:
<br />
<br />D A. DISCUIMER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />
<br />TheBorrowerls) acknowledge thatthey are about to execulethe following Deed of Trust upon the real estate described therein. The Borrowerlll), end each ofthem if
<br />moreth.n one, do hereby disclaim their right to designate a homestead pursuan1lhereto. No part of the homeslead of oitherof the Borrower(s) Is presently orwlllln the
<br />fuluRl be situated upon said real estate. The Borrowerls) understand that if ellher establishes a homeslead on any part olllald real estate during the time the Deed afTrus1
<br />remains unsatlalledand a lien upon said real estate, there shall be no right to make a designation 01 homestead In theevenl 01 a forecl01lureor1rustee'ssale wllh respect to
<br />Solid Deed ot Trust
<br />
<br />D B. WAIVER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />
<br />TheBorrowerls)acknowledgll' that 1hey are aboutto execule the lollowlng Deed 01 Trust upon Ihe real estate described thoreln. The Borrower(sl. and each of them If
<br />more than one. do heoreby waive their right to designate a homestead pursuant therelo, The Borrower(sl understand that they have the rlgh, to make a designation 01
<br />homestead and thai by executing this waiver. they are waiving rights otherwise available for Ihe purposeof ellording Ihem the opportunity to retain their homestead In the
<br />event 01 a default upon the Deed 01 Trust.
<br />
<br />[J C. DESIGNATION OF HOIIESnAD:
<br />
<br />Pursuant to the Farm Homeslead Protection Act ISecfion 76.1901 et seq. Revised Statutes of the Slate of Nebraska), the Borrowerls), do hereby designate the real
<br />property described In the "Designation 01 Homestead.' allached hereto and Incorporated herein by Ihls reference.
<br />
<br />Borrower
<br />
<br />Borrower
<br />
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />THIS DEED OF TRUST. is made as ollhe _U day of ~~ .19 ~ and among tho Trustor, -alack......StrattoD....-
<br />and Shirley Eaton, As Joint Tenants and Not..~WhO'~"~hg~~dm'''. n. 3?3<: w..stside "t ,
<br />Grand Island, HE 688~ein '.Borrower"}. the TrusTee. .,_wil1iam.-G.-Bla~1chIJrn f ~ M~r n'f t.hF!! NF. ~t.At.~ Bar AaBn.
<br />whose mailing address is ~e...O..L-~CUJQ._IS1~.....9_,___~_Q.~QL-~_ (heroin "Trustee"),
<br />and the Beneficiary, J<';",:l PninrR R:!Ink _.~,.__.
<br />whose mailing address is P.O. Box .1507 I Gran.ft.Is1and, _~ 68802 (herein '.Lender",.
<br />
<br />FOR VALUABLE CONSIDERATION, Including the mdebtednsssldenllfled horein IOnd trust herein crealed. the recelpl 01 which IBherebyacllnowleClgeCl. Borrower
<br />hereby irrevocably grants. transfers, conveys and assigns 10 Trustee. IN TRUST. WITH POWER OF SALE. lor the benelil and security of lender. under and SUbject 10 the
<br />terms and condlllons hereineller set lorlh. the leal property, described as lollows
<br />
<br />See Exhibit "A" Hereto Attached
<br />
<br />Togelher with all buildIngs. Improvements, fixtures. streets. alleys. paslI8gewaY5. easemenls, nghts. pnvileges end appurtenances located thereon or in anywise
<br />pertaining thereto, and the renls. ISlluell and prollts. reversions and remainders thereof; Including, but not IImiled to. healing and cooling equIpment and such personal
<br />property IhatisaUachad to the Improvemenll '0 .J 10 conlllltute a fixture: a,nd together with the homestead or mantalmlerssts.II any. which intaresls are hereby released
<br />and walved;aU or which. Including replacements and addlUonstherelo, Is hereby declared to be a part of the real eSlate secured by Ihe lien althls Deed 01 Trust and allollhe
<br />tor,golng being r,rerred to hereIn aathe "property"
<br />
<br />This Deed ot Trust shall secure (a. the payment 01 the pnnclpal sum and IOterest evIdenced by Borrower's no Ie andlor credit agreement daled 11-17-8a
<br />
<br />. having a maturity date 01 11-17-2003 . In the Original prmclpal amount 01 S 6~ .000.00 and any and all
<br />modlflcallon.. e.tenllonl and renewal. thereof or therelo and any and aU lulure advances and readvances hereunder pursuant to one or more promlllSOry noles or credil
<br />agreermmt. (herelncalled"Note"l: (b) the payment of other lums advanced by lender 10 protect the securJlyollhe Nole: (c)lhe performance all covenanls and agreemenl
<br />01 Borrollrttlrset forth herein; and (d) alllndebtednell and obligations of Borrower 10 lender whelherdlrect. indirect. absolute or conlingent and whether arising by nole,
<br />guaranty, overdfllfl or otherwiw.
<br />
<br />Borrower. to protect the security at this OeDd of Trust. covenanls lInd agrees wilh Lender as 101l0wl'l:
<br />
<br />,. 'ar-nlofPrindplland fnlernL Borra..rshall promptly pay when duethe principal 01 and Interesl on. and any lees or charges provided m. the Noleor In Ihis
<br />Deed of Trust.
<br />
<br />2. TlIII.BorrOWllr Iltheownerof the Properly. haslherlghtand authority loconvey the Property. and warrants that the lien crealed hereby is a IIrsl and prIor lien on
<br />tM ~. ellCept as may otherwise be set forth herein, and fhe e.ecutlon and delivery of this Doed of Trusl daBS not violale any conlrael or other obliglJllon to which
<br />Bor~r II subjecl.
<br />
<br />3. Tau;................ To ply when duelllla..., speclllls.essmentlandall other ehllrgesagainst the Property and. upon wnllon demand by Lender, 10 pay 10
<br />~ such amount U mly be aulUcllnt 10 en.ble It" Lender to pay such tl.es. llsellments or other charges III they become due.
<br />
<br />ol. ~. To.eep tha Praperlylnsured agelnlt d.mage by fhe. haZllrd.lncluded withIn tM.llrm -elllended coveragc'.. tmd such olher haZArds as Lender may
<br />...:, requite. in Imountland wllh compani.1 Iccoptlblela Lender, and wilh 1011 payabletotl'lEt lender. In else Of Ion under such policles.lhe Londer IS aumorlzed 10 IdIU!!.
<br />coPKland cornpfOtni....1I claimnl'l"eund.,andlhall have the oplion of applying all or parto! the Insunmce proCl!1!dsll)la any ,"debledn~sssecured hereby and in luch
<br />aliter.. L~r"",y dltlrmlne. (Ill to Ihe Borro..r to be und lor the repaIr or reltoratlon of Ihe Properly or (iill for any other purposll or ablllct IlDlislaclory to lendor
<br />.Ittlout atfeellng thel.n of IhilONd-of TrUltfortf"lIIlulllmount Ncured hereby beloresuch payment overtook place_ Any applicnllOn 01 proceedalo Indebtedness !ohlltr
<br />not IltMtd or pcmpone Ihe due datil 01 any payment. under the Note. or cure .ny deleull thMeunder or hereunder
<br />
<br />~. ~ II.,..,. end Ca~ wi'" La... Bo;ro....er shall k..p the Prop"rlY In good condItIOn and repair. sholl prompl1y '"pillr or r"plnce /lilY
<br />ImprOMmefttwrwe:h may be da"'.ljled or fMttroyed; sha" not commIt or permlllny watll or dlleJlorahon ollhll Property !ltlall nOllemo~e, d~nlOh$11 or !lub!llnnllnlly nlltH
<br />anyDt1hllimprov.m.nlSDn IMPropertY;Il'llllnOlcommlt.lluU.ror p'rmlt Inv.el to bedone inor upon the Propalty In vlolnllOl1 OII"lY law, ordlnllnc" ol,(tgulnlmll "ntt
<br />IhAMPtyandprompu.,CltKh.rgtlat Borro.er'lcolland..ptn...nllen... Incumbtancuandcha1ooslll'l111d Impaled or lt5llQS!(!d olgilm51111" PIOllmlv III 3nV part lhl"lllll
<br />
|