|
87- 104165
<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />SDINIOwn "M THIS "FM ammoc I
<br />Borrowers (Trtators) untfaratatW that the document that the Borrowers are about to execute is a peed of Trust and not a mortgage and that the power of sale provided
<br />i for in this Deed of Trust provides subatanliaay diffefent rights and obligations to the Borrowers than a mortgage in the avant of a default or breach of obligation under the
<br />Deed M Trust, includlnp, bid not limited to. the Lender's right to have the Real Property sold by the Trustee without any judicial proceeding or foreclosure. Borrowers
<br />rep SOS and warrant that this acknowledgement was executed by them before the exec Lion of the Dead of Trust.
<br />C. C�. & B. Co any �
<br />1
<br />/By; � President
<br />. , Borrower
<br />Borrower
<br />PREFACE TO DEED OF TRUST
<br />COMPLETE tltle Pat Not ONLY N the MM PFOPWY doocrlMd conNNs of INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />If apPNeabM, eonylose OULV ONE Miner A. B, or C:
<br />❑ A DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />The BOrrower(s) acknowledge that they are about 10 execute the following Deed of Trust upon the real estate described therein. The Borrower(s), and each of them if
<br />mote than ono, do hereby disclaim their nght 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 be situated upon said real estate. The Borrower(s) understand that it either establishes a homestead on any part of said real estate during the time the Deed of Trust
<br />ranains unaattsfmd and alter, 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 />Hid Dead of Trust
<br />❑ B WAIVER OF MONT TO DESIGNATE HOMESTEAD:
<br />The Bortower(s)acknowledge that they are about to execute the following Deed of T r ust upon the real estate described therein The Borroweris), and each ofthem it
<br />more than one, do hereby waive their right to designate a homestead pursuant thereto The Borrower(s) understand that they have the right to make a designation of
<br />homasteadand that byexecuhng this waiver, they are waning rights otherwise available for the purpose of affording them the opportunity to retain their homestead in the
<br />event of a detaWt upon tine peed of Trust.
<br />❑ C DESIGNATION OF HOMESTEAD:
<br />Pursuant to the Farm Homestead Protection Act ISeclion 76 -190, et seq Revised Statutes of the Slate of Nebraskal, the Borrower(s). do hereby designate the real
<br />properly daacribed in the Destgnatcon of Homestead" anached hereto and incorporated herein by this reference
<br />Borrower
<br />Borrower
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />THIS DEED OF TRUST. ,s made as of the _27-vol _ _ June. _ 19 87_ by and among the Trustor, Ca.__.��__�g.. —___ _
<br />_9QvP nl! r- _.A__Nebraska _Corporation_ wh se ma:hriq addre35 i5 P.O. Box -- 647, _Holdrege,
<br />11iE_.S$942_._ o rein B< >r,nwer u,t.,r. William G. Blackburn, Attorney
<br />wfwse malting address is ._P..U.._- aox - - -2 :280,.. - Grand - _Island!._ -NE -- _...68802. _.._. -- __._._.. ---- . _.__- -- (herein"Trustaii
<br />andthe Be+leficrary. ._ - i.V_e_.- PointS_-Bank
<br />whosernadingaddrossrs P.O. Box 1507, Grand Island, NE 68802 (Herein tender ').
<br />FQR VALUABLE CONSIDERATION. incrudmg the ,ndeiilkahess idenbhed ne.—n end trust I 'em created . the receipt of which is hereby acknowledged. Borrower
<br />hereby irrevocably grants . transfers conveys and ass,gns to Trustee IN TRUST. WITH POWER OF SAL E for the nenehf and securely of Lender, under and subject to the
<br />tetras and Conditions hereinafter set forth_ the real property. described as fottaws
<br />See Exhibit A attached hereto and made a part of this Deed of Trust
<br />for legal description of real estate being conveyed.
<br />Together with all buildings. improvements, fixtures streets alleys passageways . r:asemec s. rights . privileges and appurtenances located thereon or in anywise
<br />pe 1111MI lg thereto. and the rents. issues and profits. reversions and remainders thereof. including, but not bmded to heating and cooking equipment and such personal
<br />property that is attached to the improvements so as tocOnslltute ail xture and together with the homestead or marital interests. if any which interests are hereby released
<br />AM waived, all Of which, including replacements and additions thereto. is hereby declared lobe a part of the real estate secured by the lien of this Deed of Trust and all of the
<br />1 being feferred 10 herein as the 'property'
<br />This Deeed� of TTr�utstt shall secure let the payment of the principal sun, antl �netferest ev =dented by Borrower s note and,oi c redit aagreement dated
<br />Jun1__.21-L . 107 , having maturity date of _June__. —L .1992 -____ , m (he original principal amount of 5 493.t.628.00 and any and au
<br />fhoONto - exenaiotl9 and fanewalathefeot or thereto and any and ail future advances and re'advances hereunder pursuant to one or more promissory notes or credit
<br />(tiaeinc 'SMote "k(b) the payment Of other Sums advanced by Lender to protect the security of the Note, (c) the performance ail covenants and agreement
<br />Of TMtWOWer Ht forth hafv,m. and (Of all mcfeetedrless and obligations of Borrower to Lender whether ditW, indirect, absolute or contingent and whether arising by note,
<br />guaranty. overdraft of otherwise.
<br />Ow'Gv ar, to prr#aLt the security of this Dead of Trusr covenants and agrees will, Lender as follow,
<br />Deed of t. MhMehNaMlae/eel.Borrowershall promptly pay when due the prmcipato!and interest on, and any fees or charges Prowdecim. the Note or in this
<br />Trust-
<br />2 Tift,befreww dinvelowhar ofthe Property, ties the fight and authority to Convey the Property, and warrants that the ben created hereby isa first and prior lien on
<br />as array Otherwtse tau 501 form hereon, and the executrOn and delivery of this Deed of Trust does not violate any contract or other obirgahen In whccn
<br />A; siffeafficii m
<br />repay wtdri dew alt Eaxas. aDaclal ast4aasments antl at! other charges against the Pfopetly and. upon written demand by lender, to pay fo
<br />L Air may to 4urfhcn" fit the Lender to pay Such taxes, assessments or other charges as they become due
<br />a .To kelptha fholaertyinsilled alessnat damage by 1116 heralds inrivded vrofto the term riilendrtdcove rage - and SU01 uthel hazards ai Lender may
<br />and waA companies, ,gykp to Lender, and with loss payable tt? the Lettd6r In case ol;..3s under s,unP ariCie3. the Linder is aulhoriJ6d .>adlusl.
<br />ands it .allsraarrs41 theresrr:,lar and Sheol hav6 the aPlionofawy<ri�annr part Of tlrs.nsuranr.a V, h) I(, a y,mOttbtadness sec: a red hereby a!1 d, o m,_-1
<br />!� L- maY �atarrMVne flit S3lrfrr K1,,B(er to he lrsed fps the repair 01 te.slpialrrtn Or the prq{i@,r +ly rn w,i tar any ntnNr pulp:,56 ;, ob$vr. t 9ahs }aCi try t: 1.r nlV1
<br />t Ina Ilan of all Ovisix 1st T,usf for the full amtN.rof wordd hereby befele l,W.:h payme t ever 1—ti p:dL Any at pl,cahnr A Plot:000if is in;lNhtf*dnw94 yhhil
<br />r €xr ,a titan di" date or any Phvgnrah3a Master the t't4tl, W Guve any ds^ret,h tr-,ir ,dv, ,r nwrne.i.i<ter
<br />s vrlN, Law. Ow,awe:r soau
<br />,- r+Prrws� y rt+ vhah +3fSi 6etrnme* s f h6 PiC t Y � i
<br />ta ' tut t V i tl U a
<br />env«':rt ,ue<,Nryeaeatctrl gPla P, a a"6reltanr waste a tweet pfi e6 r a -,� Ix _.,rt,,
<br />y rile,4r�tt. GI rirrv,t.$+,r1r6 Lxrlarr.,,aanya >S'...eel e - zi INN,'.. r. 9
<br />h +�gS>&s.�r^?yd.trstsex ors Rca ^aver roee?a3 asr
<br />
|