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<br />ACKNOWLEDGEMENT OF DEllD OF TRUST
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<br />88-
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<br />106301
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<br />_ORAOWlR. fliilAD THla ..FORI IIONINO:
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<br />BorraMlR (Trultors) understand lhallfledocumenllhlllhe BorroweR I'. about loexlculela It Deed of TruI,and nDla mortgage and Itl.' the powtr of pie provided
<br />lor In Ihl DHd 01 Trus' provld.. lubltlnllalll' dlflenmt rlght.snd obligallonl 10 the Borrowors1han It mortgage'n tho evanl or II del.ull Of breech of obllgaUon under tho
<br />0Ied 01 TruII,lncluding. but nolllmlled 10. Ihe Lender', riliilhllo hava tho Ro.1 Property lold by tho Trullee wllhoulany JudIcial proceeding or foreclosure. Borrower.
<br />.......nt and warrant 'ha' thla ac'nowled.amon' waa """.'ed by 'ham befo,' th~2~:;~L _
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<br />
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<br />/!.aJT'eS E. Keeshan) ao"ow., Husband
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<br />~""'" ~, Q AJ41L. _
<br />( . Keeshan) eorrow.' Wife
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<br />PREFACE TO DEED OF TRUST
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<br />COMPLETE lhtl portion OHL Y If lhl rell p~rtr delCrlbecI con.I.~ ollNDIVIDUALL V OWNED AGRICULTURAL LAND.
<br />"appllcabla, complll" ONLY ONE .lIher A, H, or C:
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<br />[] A. DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD:
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<br />The Borrower(s) acknowledge that they are about10 execute Ihe lollowlng Deed 01 Trust upon Ihe real estate described therein. The Borrower(s), and each of them II
<br />more than one. do hereby disclaim trlelr rlghl to deslgnale a homestead pursuanl therelo. No part of the homestead 01 either ollhe Borrowerla) is presently or wlllln Ihe
<br />future be allual&d upon said real estate. The Borrower!s) understand that If eilherestablishesa homestead on any part of said real estate during the lime the Deed 01 Trull
<br />remains unuti.lled andallen upon said real esfate, Ihere shall be no right to make a designation 01 homestead In the event of a foreclosure or trustee's sale with respeclta
<br />said Deed 01 Trult
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<br />[] B. WAIVER OF RIGHT TO DESIGNATE HOMESTEAD:
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<br />The SOrrOwer(s) acknowledge thai they are abaul 10 execute Ihe lollowing Deed of Trust upon the real estate described therein. The Borrower(s), and each of them If
<br />more (han one. do hereby waive their right to designate d. homeslead pursuant thereto. The Borrowerls) undersland thellhev have the rlghlta make 8 designatlon of
<br />homestead end that bye.eculing this waiver, they are waiving rights otherwise available lor the purpose of allording them the opportunltv to relain their homestead In Ihe
<br />event of II default upon the Deed 0' TrUl!t.
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<br />D C. DESIGNATION OF HOMESTEAD:
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<br />Pursuanl tothe Farm Homeslead PrOleclion Act (Section 76-1901 el seq. Rellised Slalutes 01 the Slate ,11 Nebraska), the Borrower(s). do hereby deslgnalethe real
<br />proper1v described In Ihe "Designation 01 Homestead" anached hereto and incorporated herein bV thiS reference.
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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. I~ made a5 01 the 22n~IiY of Nov,enber__ 1fJ 813-. bV and among Ihe Truslor. James E. Keeshan
<br />& Ma~ A. Keeshan, husband_~~__~li~1 .~ch in ~~!e~ng~~51nfI5~Tj~~R~eT.~Ap~&-g~eTRlr1nd. NE
<br />nARD::! (he,e,n-eorroWen.lher,."ee. WillJ.il!J1 G..J;>la.c!murn, a Meni:ler of the NE State Bar Assn.
<br />whosemailingaddresslsP.O.Box228O.Gr..~d I~~~~ ~..f?~~9~___ (herein "Truslee").
<br />.ndth......fI".ry. Five Points Bank ____" "_.___..__u___.~_
<br />whose mailing address IS ----E...O Rrt,y 1 Z;n7--1----Grand _ IslandL..N&.ESB02-- (herein "Lsnder~1
<br />FOR VALUABLE CONSIDERATION. Includmg Ihe mdebledness Identllled herein and Irusl herOin crealed.the recelpl 01 which is hereby acknowledged, Borrower
<br />hereby irrevocablv granls.lransfers. conlleys and assigns 10 Trustee. IN TRUST WITH POWER OF SALE. lor Ihe benelil and secutlty 01 Lender. under and subjeclto the
<br />terms and conditions heremafter sollorlh. the real property. deSCribed as lollows
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<br />Lot Two (2) in Block seven (7) in voitles Addition to the City of Grand
<br />Island, Hall County, Nebraska
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<br />Togenwlt wltn all bUlldlngs_ Improvements fl.tures. streets. alleys. passageways. easements. nghts. priVIleges and appurtenances localed thereon or in anywise
<br />pertaining thereto, Ind 1M ren1.. Illun and profits. reversIOns and remainders thereof; including. bul nol limited to. healing and cooling equipment and such personal
<br />proper1y Ihll is anlched 10 Ih.improwements SGIS 10 constitute a IIxture; and logelher WIth the homeslead or manlallnlerests. II any. which Interests are hereby released
<br />and .Iiwed:a" of which, Includmg r"placements Ind addllionsthereto. is hereby declared tobaa part ollhe real estate secured bV the hen ollhis Deed of Trust and all ollhe
<br />for.-going being reterred 10 herem allhe -ploperty"
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<br />This 0Md 01 Trust shall ucure (a)lhe payment of the prinCIpal sum and mterest eVidenced bV Borrowe"s nole and/or credll agreemenl daled 11-22-88
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<br />. having a mltUrltv dale 01 11-22-90 . in the original pnnClpal amount 01 S 15 nl s:;. r::;n and anVand all
<br />modificatlons. e.tension..nd le~als tnereo! or thereto and anV end all luture advances and readllances hereunder pursuant 10 one or more promiasorv notes or credit
<br />agrttement'I~ln called"Note-l: tbl the Plyment ofolhersum.advanced bV Lenderto protecllhesecuritvollhe Note.lc) the performance all covenants and agreemenl
<br />01 Borrower Mt forth herein; ana lei) IlIlneleblednnl and obllgationlol Borrower to Lender .helhar direct. indirecl. absolute Of conllngenl and whether arising by nole.
<br />9uaranty. DWeldraft or OUterwl"
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<br />Borrower, to Pfolec1the aec:untv ot Ihll Deed 01 Trusl, covenants and agrees with Lender as lollow~
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<br />. 1. ~of~Bndln""'L Borrowers.hall promptly P'lvwhenduetheprinclpll oland Inle'oSI on, and any fees or charges prOVided m.lhe Notp.orm Ihll5
<br />.o.cIotTrust.
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<br />2. 'nIe.Borr0W8r l.tMownerof the Property. hnlh. right and aulhoritv loconvey the Property. and wI"anls Ihatthe hen created hereby is a lirst and prior lien on
<br />'1h4!. Propertv.eacept as may othe....i.. be..ttOf1h herein. and the l!lX8Cutlon and delivery of thil Deed of TrUll doel not 1I10late any contract orothe, obligation 10 whIch
<br />tkMrower ts aubtK1.
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<br />3, T-..-.-...a. To pay when due a" Ia.n. speclal.l......ments and.1I oth", charges agalnSllhe Propelty IInd. upon wrlllen demand by Lende,. 10 pay 10
<br />l.er5de'rsuchamount al ma... be auRic.nt to enatN"the Lend.r to PlY such la.el. UlBllmentl or other chargel asll1ev b~come due
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<br />'.. _ ~_ To klMp the Pro~y Inluredag.inll damage by fire. hanlrds includedwllhin the lelm "ellended cOllerllge".lInd such other hazalds as Lender may
<br />r8qUl,.. In amount. and Wltti companies Kteplable to lender. and wilh 1011 payable to the lende, In ca", of Iou undel such poliCIes. the lender 15 authollzed to adlust.
<br />COftIC1ancl comprom...,aIlC~imt, therwndar and,han hawetMoptlon olapplymg all Of part or Ihe Insurance proc_ds (I' 10 any IntJeblednl1n,,,cllIod horeby and In such
<br />Ofde1"as LendM' may de'.rm".... (II) 10 the 80nO"lto be uHd 'or the repai' orrellol.llon 01 the Prop4uly or (lU"o. slIy olhe' PU'PO< or oblDel 5lIl1slaclory 10 Londer
<br />W1thOut.fiectll\9thel4n at thIS ~o, Trustior lhe fullanlounl...curedhltr~y balet.such paymenl ellel too~ place Any ap9hellllon Ilf pIllCI.(!t1'lIO ,ndeblenlll'!lS 1hBIl
<br />not.1I1end Of postpone the due data or any payment. unGlOltl'le Note, or CUf. eny delaulllher.under or hel~unde'
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<br />!'i ~.............. ~ wltIlI u.a. Bouo'" shall kMp Ihe Ploperty In good condlllon IInd .ttplI" ,h,,1I 1'''''''IJII~ "'Il"" d' 1f'lllaCII /lily
<br />Irnpr~' WftlCtI may be d.ma\J'f'd or dntrcv-d. shall not comml1 or permit an., .a". or delellOr.IIOn ollhe Prop,Hty 1h..1I IIIll frlmovr ,ll"nuh~h 0' \ut11f'1Illllllly ;lllt1l
<br />~..oItMlrnpt'~me-ntlonl~Pr~v: lhalln01comrnll. IUn., 0' PfrmltlnVac:llobedone In or upon the Propelly tn ~.olal'on alany ,,,'" o.\t'I1/I/HII .t' '''0'111111011 11'111
<br />"'aR~'t.ndPfomP'lrdIKl\arga.IBofr~' IcottandllxIHfnMlnll4lnl,encumbr.nc_lsnd r.h.rQII.I.,....'d ,mp05.,d O' lI.,.,nal1I1Qflrnlll ItI,. I'lltl".'I. .., ".t~ 1,,,'1 '''I".."t
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