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ACKNOWLEDGEMENT OF DEED OF TRUST
<br />�DIp10Wpq READ TIRi KFGRE INOIMIa
<br />87- -103689
<br />Nrrowen (Trustors) understand tliat the document that the Borrowerssre about to execute is a Doed of Trust and note mortgage and that Ihepowa rots" provided
<br />for it the Deed of Trunk provides substantially different rights end Obligations to the Borrowers than a mortgage in the event of a default or breach of obligation under the
<br />Deed of Trust, mcktding, but not limited to. the Lender's right to have the heal Property sold by the Tnnte s without any judicial proceeding or foreclosure. Borrowers
<br />rgxesent sod warrant that Mb acknowledgement was executed by thorn before the execution Clark e Trust. ` @rte Sani tati Inc.
<br />B V\
<br />eorrowm Preaiden
<br />Sec.r Trees.
<br />PREFACE TO DEED OF TRUST
<br />COMPLETE Slks Portlen ONLY R the no propaAy rl/acrIMd condab of INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />R applicable, eompteta ONLY ONE ether A, S, or C:
<br />O A. ONCLAWN OF MGM TO OESIGNATE HOMESTEAD:
<br />The Borrower(s) acknowledge that they are about to execute the tot I owl ng Deed of Trust upon the real estates flaxen bad theram. The Borrower($), and each of them of
<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 (a) is presently or will in the
<br />future be situated upon said 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 unsshstled and 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 little with respect to
<br />said Deed of Trust
<br />El B. WAWER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />The Borrowers) acknowledge that they are about to execute the following Deed of Trust upon the real estate described Iherem.'rhe Beirrower(s). And each of them d
<br />more then one, do hereby waive their right to designate a homestead pursuant thereto The Borrower(sl 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 their homestead in the
<br />event of a default upon the Deed of Trust.
<br />O C DeSNMIATilN oF H)MESTEAD:
<br />Pursuant to the Farm Homestead Protection Act ISection 76 -1901 of also Revised Statutes or the State of Nebraska). the Borrower(s)• do hereby designate the real
<br />property daacribed in the "Designation of Homestead' attached hereto and incorporated herein by this reference
<br />Borrower
<br />Bonower
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />THIS DEED OF TRUST s made as of tna15 thlay u! June ... 19 $-7 by ants among the Trustor ._Cla's's Brothera
<br />_S Aniltation,__Inc.�__A Nebraska Corp. w „sri „ailingaddr @ss„ P.O. Box 2092, Grand Island,
<br />NE 68802 William G. Blackburn, Attorney
<br />..._..�_..,��_.__. Infirm. Borrower orroer I the Trustee .. ..
<br />whose makng address i6 .P-0---Box -2280, Grand Island,- 111E 688,02 . _.._ _._ -- ___tnarain`Trust” ).
<br />amftreBereefieery...F,1Y$. Pointe 8$nk
<br />whwsrre =hfg adtlreaa sa ._ -_p•Q• BOX 1507, Grand island, NE 6$$02 (herein "Lander").
<br />FOR VALUABLE CONSIDERATION.:nclud . ng ire indebretlnass idenhhed narem and!rust nerem created . the receipt of which is hereby acknowledged, Borrower
<br />ttexebytftevoeably grants transfers conveys and ass,gns to Trustee IN TRUST WITI+ POWER OF SALE for the benefit and security of Lender. under and subject to the
<br />Wins and conditions neremaf er set fore n, the real propefy, d"cf,bed as !ofloviis
<br />"See Attached Exhibit A”
<br />Together with all buildings. improvements, lixtures, streets. alleys, passageways. easements, rights. privileges and appurtenances located thereon or in anywise
<br />pertaining thendo, amt the rants, isams antl Profits, reversions and remainders tnereo:. including, but not limited to. heating and cooling equipment and such personal
<br />propertytru is attached to tie improvements w as to constitute a fixture. and together with the homestead or marital interests, if any. which Interests are hereby released
<br />and waved'. at of which, inetut1mg replacements and additions thereto. 1, herehy declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the
<br />fartaticift Defeo referred to herein as the 'propeerly''.
<br />.—This Deed Cof�TTrust aieN secure (a) the payment of the principal sum and interest evidenced by 8orrowers note ands of credit agreement dated _. ___._____.___.
<br />date of 6�15�$9 _ -_ , in the originet P!mcipa' amou t of $ 501 000 • 00 ... are any and sit
<br />` atiOntt. and renewals tMraeN a thafstd and any lino air' future advancos and readvaaces hereunder pursuant to one or more promissory notes or credit
<br />(terser GaaW °NOM "'1.10)tne payment of tithe sumpadv�nced by Lendertoprotecl the "scurfy of the NOte:ICl the performance aft covenants and agreement
<br />of set f" rerain. and (d) all indebtedne ss and obligations of Borrower to Lender whether direct, indirect. absolute or contingent and whether arising by not..
<br />, overdraft or otherwise.
<br />� fildnewer, to p+olect the security of this Deed of Trust. covenants and agrees with Lender as foliows
<br />I Fayawo"p 110, aadlnionoL Befrowef shall promptly paywhen due the principal of and interest on. and any lessor charges provided in. the Note orin this
<br />Deed of Trust,..
<br />2. TW Savviest istheowf+er of the Property. has tits, right and authority to convey the Property. and warrants that the lion created hereby is A first and prior hen on
<br />the as" oviverafted basalt forth hQtern, and the execution and delivery of this Deed of Trust does not violate any contract or other obligation to which
<br />flay" Aw is
<br />3. Tow, AtleNaMlw.. To pay wren rhea ea lased, special Qsollsoments And alt other charges against the Property and, upon wnttan demand by Lender, to pay to
<br />an may be airfivarld W finabdo 01e #.anon to pay such INA40, Qnts of other charges as they become due
<br />4. MMfPMp, Ty keep Also Property intend by fire, naiafda Included within the term - 'QrtfQnded Coverage". and such other heralds as Lender may
<br />,'m aim w"n c !CC to Lander. and with toss payable to tree Lender. In caste rif loss under such policies, the Lender is authorized to adjust.
<br />tin .4acMsaMt anfl aha) the" the ophdrt of applying all of par t of themaurance proceeds o) to anylndebrpdness%@cured heeebi, and in such .
<br />so Lander may pro, fire to the fsatruwe+tobe used for the repair of rastoralion at the Property or I'll) for any Whirr pulp—, o1 ,heed sahsfac tolY Ill Lander
<br />w tide teen ref mN I?f Tfi,wl.tlrot Eta tV}a asnduirl seCUr�hQfebY /d'e Stith payrrsnl ay4r idixk plaC@ AnY Apt >IICAIi,nnol proconds to ariuent@d iiass shplt
<br />t?!13t � few Qua of At!y PayirMitla nrraet ilia aerie. W t,•ere any tfetault Iher @unit @P eN' heri..urutar
<br />`I s Melwn ono Aep*wo and WAM Lows, B shw, kep the Piole"ll o 9-l'i . rnpa. Any
<br />-tremensinerif raft -ce, f y to or oysaf afro" floe Comm:, lit pe"'lt any wears w deto"ohit1w. lit tit@ P I fly. sr' a y 1 a 'n t la I;s!` s L stanl!a y ar't's`:
<br />any der'- fy. i"14" feA!t1.- 'If•.,prin Iany art tour' ate inol yipgn the PCpe,1, i ii rte laG.n oI Ally law.( Pdissahtn, ,leQtaah ai. antl
<br />1k It f'ld'Pd�1hA9': B6NV3k a'Qr at'.esl laWde'lgye:lNO aj$ bons av'tfidrntY: #fM•44 end fill g— Levied lmprrCNFt rvi arse.^i'Sa.l fya i•Wr 3hn P,iry»nril i',i Any patitheievhr
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