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ACKNOWLEDGRMENT OF DEED OF TRUST 7—
<br />MMOWWO READ THIS BEFORE SIGNING;
<br />Bon"Awers (Trualnrs) understand that the document that the Sorrcwars are about to execute is a Deed of Trust and pat a mortgage and that the tjOW*f pt WO Pfo111449
<br />tot in the Dead of Trust provides substantially different rights and obligations to the Borrowers than a mortgage in the event of a default at breach of riblfgabon under the
<br />Deed of Trust, includdig, but not limited to, the Lenders right to have the Real Property sold by the Trustee without Any judicial proceeding or forecltrstfro. Borrowers
<br />and warrant that this acknowledgement was executed by them before the execution of the Dead of Trust
<br />y ..,A dward L. Janda)
<br />Borrows Clara R. Janda)
<br />PREFACE TO DEED OF TRUST
<br />COMPLETE Oft PerNon ONLY if Rfe real prop" dascrlbed consists of INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />11 applicable, compleN ONLY ONE eIIMr A. R, or C:
<br />❑ A. DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD:
<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 it
<br />more than one. Oct 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 besduated upon said rest estate The Borrower(s) understand that iteither establishes a homestead on any part of said real estate during the time the Deed Of Trust
<br />remains unsatisfied and alien upon said real estate, there shall be no right to make a designation of homestead In the event of a foreclosure or trustee's sale with respect to
<br />said Deed Of Trust
<br />❑ B WAIVER OF RIONT TO DESIGNATE HOMESTEAD:
<br />The Borrower(sl acknowledge that they are about to execute the following Deed of Trust upon the real estate described therein The Borrower(s). andench of them it
<br />more than ore, do hereby waive their right to designate a homestead pursuant thereto The Borrowers) understand that they have the right to make a designation of
<br />homestead and that by executing this waiver. they ate 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 Dead of Trust
<br />❑ C DESIGNATION OF HOMESTEAD:
<br />Pursuant to the Farm Homestead Protection Act (Section 76 -1901 et sea Revised Statutes of the State of Nebraska). the Borrowerts). do hereby designate the real
<br />property described to the "Designation of Homestead- attached hereto and incorporated herein by this reference
<br />Borrower
<br />Borrower
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION A
<br />THIS DEED OF TRUST s n•.a..tc• as cif I'K, 25 a:,y i,, June 19 87 -. by and among the Trustot. - .Fdward__L_.___,Ianda
<br />and _ Clara_R._,Janda Husband and Wife wilt „e,,,a,,,n9add,PS5,5 _ -4.04 North Broadwell Ave.,
<br />Grand Island, 111iTiin Borrower) Ine'ntstee William G. Blackburnr Attorney
<br />whose mailing address is ._. P. -O_. BOY 2280, Grand Islands. NE .. _._._.._____.__..._. -.__. _.._- (herem"Trustee").
<br />and the Beneficiary. Five Points _Bank
<br />whose mailmgaddress,s __P.O... -bou 15.07, Grand Island, NE _ - - __ (herein- Lendef')
<br />FOR VALUABLE CONSIDERATION the rece,pi of which is hereby aeknowtedged, Borrower
<br />hereby irrevocably grants traos!ers conveys and assigns to Tn;s!ee IN TRU`_,T Yi1TN PCVVER OF SALE for the benefit and security of Lender. under and subject to the
<br />terms and conditions hereinafter set forth me real propert) . described as 1,sl tws
<br />Lots 1, 2, 9, and 10, all in Block 9, in Packer and Barr's
<br />Addition to the City of Grand Island, Hail County, Nebraska
<br />Together with ail buildings. improvements . futures, streets alleys. passageways easements. rights privileges and appurtenances located thereon or in anywise
<br />pertameng thereto, and the rents. issues and profits. reversions and remainders ttni including, but not limited to heating and coohng equipment and such personal
<br />property that is attached to the,mprovements so as to c onsldutea 1, xture . and together with the homestead or mnrital interest —f any while ,nlefCSis are hereby rCleased
<br />Arid waived; an of which, including replacements and addil tons thereto. is hereby declared to be a par t of the real estate secured by the hen of this Deed of Trust and allot the
<br />f - being referred to herein aS tie "property'”
<br />This Dead of Trust shall secure is) the payment of the principal sum and interest evidenced b Borrower s note andfor credit agreement dated 6 725 -87
<br />.. having a maturity date 01 _... 0 6 -:025 __89_.__.__.___. .n the original principal amount of S 37, 000 . �0_. ®rid any and all
<br />mot9ificatians, extenawns and renewals thereof of thereto and any and all future advances and ieadvaoces hereunder pursuant to one or more promissory notes or credit
<br />la therein tAtled `Note ):for the payment of Other sums advanced by Lender to protect the security of the Note (c) the performance all covenants and agreement
<br />. � er Borrower Aid hinhharem. and Id} alt indebtedness and obligations of Borrower to Lender whether direct indirect absol,lte or cont,ngeni and whethP arising by note.
<br />linty. overdraft or ottktrwise.
<br />flotiower. to prese.t the security of Mrs Deed at T,ula covenants and agrees with Lender as follows
<br />1 interest Borrower Shari promptly pay when due the principal of and interest on, and any fees or charges provided in, the Note or in this
<br />Otted of Tnuer
<br />Y Tina, Borrower A the owner of the Property, has the right and autho,dy to convey the. Property, arid warrants [lint the hen created hereby is it fbsl and prior non On
<br />Fr . e As may offrorwnfe ba set tri'th herein and the execution And dointery of this Deed of TrLiSt dons not violate any contract or other obhgabon to which
<br />�. as Subject
<br />5 Towns, Asofteasseds. T'o pay when due Alt taxes. Special aRSasamenls and alt other charges against left Property and. upon written onmar,d by t enoe! to pay to
<br />Lend" Port ropy tai puftrcwni loonabi.1he tender to pay such laces, asssamments of other Charges as inter hfncome one
<br />... M .'To keef IM litre "ity -siNed &"n S! damage by faze, hazards inclndad within lhr, le,r„ evinmNyd Cnvt'ratje and sib {h nine, ha {arils ns LN,idter n,ay
<br />newni the Lender s auinor,: ed to ., J(usi
<br />9 s prt%>n no crannit1"fet "do, are 0artae. have fire Op W,h of aprAving A or t,i cane. proceeds : itnany,a,dtntHdness xei oled hefeby'I d.n1 -`
<br />91der as f- ar+dBt ^may vde4etm,F:p. tnl it, toe t3nrrtswat tin be .,00 f the !etra,r >s ressri at'.r. f the Pr.,{,e,ry it, .,_,'. l", any .n r.e, n Srq .s , cnial'.t xat,4raa; I'll y it i. vnder
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