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ACKNOWLEDGENNENT OF DEED OF TRUST 87-1o1915
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<br />Borrowers (Trusters) undersexed that the document that Me Borrowers ere aboutto execute is a Deed of Trust and ao1 a morlgagearld that the power of We Provided
<br />M in McDaed of Trust provides subsilevilialtir different rights and obligations W the Borrowers than a mortgage In swot of a default or breach of obligation mtear the
<br />Dead at Tseal, krcluding, bid net limited to are Lori right to Mae the Mal Property said by the Trustee without any judicial proceeding or foreclosure. Borrowers
<br />represent utd iawrant that this deli nt was executed by Matt before the execution of the Deed of Trust.
<br />Buck's Moving Storage, Inc.
<br />By' Jit- ,.r- C__ `
<br />Borrower
<br />Borrower
<br />PREFACE TO DEED Of TRUST
<br />COMPLETE arks persen ONLY If the rest property doswb" eery W IMOW (DUALLY OWNED AGRICULTURAL LAND.
<br />R applicable, samples ONLY ONE ~ A, sr at C:
<br />O A. DAR OF NNW TO DESIGNATE HOMEBT'WO:
<br />The Borrower(s) acknowledge that they are about to 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 designee a homestead pursuant thereto. No part of the homestead of either of the Borrower(s) is presently or will in the
<br />future be situated upon aid real estate- The Borrower(s) understand that if either establishes a homestead on any part of said real estate during the time the Deed of Trust
<br />remains ~iatiad antl a lien upon said real estate, there shall be no right to make a designation of homestead in the event of a foreclosure or trustee's sets with respect to
<br />said Deed of Trust
<br />0 S. WAMM OF Nmff TO DESIGNATE HOMESTEAD:
<br />The Bo roveer(s) acknowledge that they are about to 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 waive mar right to designate a homestead pursuant thereto. The Borrower(s) understand that they have the 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 theirhomestead in the
<br />event of a default upon tiro Deed of Trust.
<br />0 c. actummiTtom of IsTEAD:
<br />Pursuant to the Farm Homestead Protection Act (Section 76 -1901 at seq. Revised Statutes of the State of Nebraska). the Borrower(s). do hereby designate the real
<br />property described in the "Designation of Homestead" attached hereto and incorporated herein by this reference.
<br />Borrower
<br />Borrower
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />THIS DEED OF TRUST, rs made as of the 30. __ day of - -March-_ _ . 19 _87 . by and among the Trustor..Buck it S Moving -
<br />& Storage, Inc. _whose mailing address is 605 E, 5th, Grand Island, NE
<br />68801 - _.(herein °Borrower'). the Trustee.
<br />whose maaingaddreesis .PLO. BOx 2280, Grand Island, NE 68802 "Trustee").
<br />-- -- --
<br />andtheBeneffciary.. Five .Points
<br />_Bank._.___,_____
<br />P.O Box 1507 Grand Island, NE 66802 __ _ __ __,_ (herein "Lander").
<br />whoa mailing address is --`---' _...__ _ - _ ._. __- _ ._ _ _ --- ... --'-- _
<br />FOR VALUABLE CONSIDERATION, including the indebtedness rdentdied herein and trust herein 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 benefit and security of Lender, under and subject to the
<br />terms and conditions hereinafter set forth. the real property. described as follows:
<br />SEE ATTACHMENT
<br />Tog~ woh all buildings. improvements. fixtures. streets, alleys, passageways, easements. rights. privileges and appurtenances located thereon or in anywise
<br />thereto. and the mats, issues and profits, reversions and remainders thereof; including, but not limited to. heating and cooling equipment and such personal
<br />tAet is attached to the improvements so as to conslituto a fixture: and together with the homestead or marital interests. if any, which interests are hereby released
<br />ad weaved: a t of wtrfch, including replacements and additions t hereto, is hereby declared to ties part of the real estate secured by the lien of this Deed of Trust and all of the
<br />foreigialing b"- re ie red to herein as the "property ".
<br />This Dead of Trust shall secure (a) the payment of the principal sum and interest evidenced by Borrower's note andior credit agreement dated
<br />3J3DZQ7 - e . hairin j a maturity date of _ 4J kQl_22________ , in the original principal amount of s 40,Q0(a..D0__ and any and all
<br />nwhftaoorAL es and renativole thereof or thereto and any and all future advances and readvances herounde, pursuant to one or more promissory notes or credit
<br />(11[dain dated "Nnto "► (b) the payment of otter sums advancod by Lander to protect the security of the Note: (c) the performance all covenants and agreement
<br />of Beraowar sat lerM hersin, and (d) all indebtedness and obligations of Borrower to Lender whether direct, indirect, absolute or contingent and whether arising by note,
<br />aft or oterrnse
<br />to protect the security of this Deed of Trust, covenants and agrees with Lender as follows:
<br />1 "h►1sol olp"nglpmmdwAwea grower sMa promptly pay when due the principal of and interest on, and any fees or charges provided in, the Note or in this
<br />Dead at Trust.
<br />2 Tift t$Me earner of" Property, has the right and authority to convey the Property. and warrants that the lien created hereby is a lirst and prior lien on
<br />all �. as may be sat forth herein: and the execution and delivery of this Dead of Trust does not violate any contract or other obligation to which
<br />3 TaNb , To pay when due as taxes, special amessmarits and out other eherges against the Property and, upon written demand by Lender, to pay to
<br />taxager WO samurai M mat! to Sufficient to 0304 the Lender to pay such taxes, assessments or other charges all they become due
<br />A kwAmm. To keep "to property insured smonit damage by ,ire. hazards Included within the term "axtonded coverage', and Such other hazards as Lender may
<br />marvent. to sismaxossind with caraparmas scaspuele to Lander, and with loss payable to the Lang. in case of loss under such policies. the Lander is authorized to adjust.
<br />KBid addfaamst and"( have "Option ofspsitying aft at part of" insurance proceeds(!) to any indebtedness secured hereby and In such
<br />+ g mar mirie, {h1 to (tun Bbrrtiwer ro be used for the repair or 10011,( Wth 01 The Properly or (pit) for any other purpose or object salrslactnry to Lander
<br />hilin of of Trait far ate tuffamaraft W6.umo hereby before such payment river too" pier.- Any apphc aeon of proceeds id indebtetness shah
<br />tiara One dam of ate payrrtSnfa urtcbr ma Note. or cure any dalaWt €rbereunder or haraunda:
<br />b. Mpe" a" sale LOW afs: fowar she" keep the Propenvy in gaud condrh)n and ratan. snr8 +1 l;rornplfY repan, or re;,Ia:.e ar+v
<br />ill not commit of limmit ally waste or dittoes- ratu n of the P,osra+ly. Shall n+N rernrlva. rlernn!+cf +,n autrntan4+allY alh•r
<br />"to - &mf Wri .opt vomim•t.Wite, of Permit arty act tf3 rte der3lmp;f nSrr:)?, theP .Po"Y ir,'v+lslxnnr+cr, any la 31,1
<br />dead', sfceaSt artG` ea.pen at, hens ,E,tB:cematenaae arto charges levwwd iIvot orb Iq',.1 r,y l:nrt thereitr
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