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ACKNOWLEDGEMENT OF pREp OF TRUST
<br />11l� Till{# t�01� NGNN1 ®: 87-- 1 f? 4 2 2
<br />ITruslors) understand that the documonl that the Borrowers see about to execute is a Dead of Truest and lkN a mortgage and that the power of state provided
<br />twin the Doesioll Trust prarWes substlntially ditMranl rights and obligations to the borrowers than a mortgage in the avant of a default or breach of obligation under the
<br />Dead of Trutt. .bid not limited to, the Lender's right to have the Real Pf old by the Trustee without any judicial proeaseding or foroclosure borrowers
<br />rwnt and warrant that nit acknowledgement was oliecuted by them before t ecu 'on of the Dead of Trust.
<br />X Pau Graham) Borrower
<br />l.aine Graham) Borrower
<br />_ ower
<br />PREFACE TO DEED OF TRUST
<br />COINLETE Noss p- tl- ONLY M See rate property daaaAbed stainless W INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />R appibakelo, Complete ONLY ONE a1Nar A, S, or C:
<br />❑ A. DOCLANea11 tW RIGHT TO 069I0NATE 110MEtTEAD:
<br />The Borravrer(s) acknowledge that they are about to execute the following Deed of T rust upon the real estate described therein. The Borrower(s), and each of them if
<br />more More wee, do 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 be situated upare said reef estate. The Sot rower(s) understand that if either establishes a homestead on any part of said real estate during the lima the Deed of Trust
<br />remains unsatisfiffeed and a lien upon said real est ate, 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 />trod Deed of Trust
<br />® b. WAIVER Of MONT TO DESIGNATE NOMESTEAD:
<br />The liorrowels► acknowledge trial they are about to execute the followi ng Deed of T rust upon the real estate described iherei n. The Borrower(s), and each of them if
<br />more that one. 00 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 />homestead aw" the by as icuung this waiver, they are waiving rights otherwise available for the purpose of affording them the opportunely to retain their homestead in the
<br />event of a defaW1 upon tree Dead of Trust.
<br />❑ C OESMMTIM O$r NOWMTEAD:
<br />Pursuant to the Farm Homeatead 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 ma'Designation of Homestead' attached hereto and incorpor rem by this reference
<br />(Paul E. Graham) Borrower
<br />riETaine
<br />Borrower
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />THIS DEED OF TRUST ,s mane as of ine 15 !Jay of July 1987 ny and among the Tfuslor, .. Paul_. E._rr_._aham ,
<br />and Elaine Grahantr liusband & Wife whose mailing s address
<br />(herein )Borrower) the Trustee William Ge Bla%_ kburn,__ A- Member _of the _Nebra_skae �e_Bar Assn.
<br />whoaemadirtgaddr ®sale P.O. Box 2280 Grand Island, NE 68802 -2280
<br />._._ _... _- ..... .... -.- _-- -- -_.___- --(herein "Trustee'),
<br />area the Beneficiary , _.Five ._. Poi- .__..nts
<br />..._. Bank
<br />whose maikng addresses ._.. _F_D_ JADx_ -1507 _ Grand Island.. NE__ _"802_-15_07 "802- 15.07_. _- _- _ - -__ -_ .__ _ _ (herein °Lender)
<br />FOR VALUABLE CONSIDERATION. including the indebtedness idenhhed 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 benefd and security of Lender, under and subject to the
<br />terms and conditions hereinafter set lorth the real property . described as follows
<br />See Attachment
<br />Togifellner with all buildings. improvements. textures. streets. alleys, passageways easements, fights privileges and appurtenances located thereon or in anywise
<br />peftalnartg thereto, and it* rents issues and profits. reversions and remair)ders thereof. including. but not limited to, heating and cooling equipment and such personal
<br />property that is attached lathe improvements so as to consvtute a fixture. and tooether with the homestead or martial interests. it any, which interests are hereby released
<br />and asserted, site of which, including replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of INS Deed of Trust and all of the
<br />foregoing being retained to herein as the "property'
<br />This Dead of Trust share secure tai the payment tit the principal sum and ,meressl evidenced by Borrower -s note and,of ,.,edit agreement dated .... .
<br />having maturity data of and Jams a I future —1 advances 5. d''n lne original prmcepal amount of $ 44000—W __. and any and an
<br />9 v Y -- 1.*_ -1995.. readvances hereunder pursuant to one or more promissory notes or credit
<br />is €t�rainC ' Note °I.elbltitepayinenl of othersumsadvancedbyLendertoprotectthesecuntyceftheNote.( Utheperformanceallcovenantsandagraament
<br />04 Bernbwer stew forth herein: and Id) an tndebtedrtess and obligations of Borrower to Lender whether direct ind, fact, absolute or Conti ngenl and whether arising by note.
<br />"tarty, owgdere" or dMerSwse
<br />Borrower. to prowt the security of this Deed of Trust. covenants and agrees with Lender as follows
<br />i t>OWWAOI of PrkX WMd ht*nsl. Borrower "if promptly pay when due the principal of and interest on. and any lees or charges provided in. the Note or in this
<br />Dead of Trams
<br />a. TUW Borroweris"Wowner ofthe Proparty. hoethe nor and authority toconvey the Property, and warrants trial the Fen created hereby in a first Arid prior lien on
<br />the PORWItili *WOW stet may dfftsfWt" tW Sol faith herein, and the exacufion and delivery of this Deed of Trust does no! violate any contract p, other obl,gahnn to which
<br />:N Tons, Ass I , To pay versa, doe as taxers spesiai asseasmenfa and all orbit, charges against the Property and upon written demand by Lender . to pay to
<br />IM may ire SU"KtarK tc &*9010 tree Lender to pay Such taxes: aaseasmCants O, other charges as Ihey bMtrme due
<br />N . To tacos Irle Pratierty inawed agarrost dam#ge By 1 re. hat 41115 included wit we ,n the term "e tar did rUVa Aga and Such other halter des as Lende, I,,i'r
<br />- god c - -wes acs : Ifs tender, a 1 w th lees payable to the i onder In case of tss t -4e, Such poi ovv the Londe, M quthuntiid to adµst
<br /><i C all Oe+nrs andshall hove theoerion It applying an or easel of the inefurAoce trr -eedst f to a y „debts ni s. -see aiha,ebva
<br />n a9 t-e riffew gtySiviaFr -eter {uy to the Dow fewer to rte u�d tat the repa.r or reatriIAI H7n ut the Propo,ty o , n, t eon any : then burp JOe .. �P,iw, t at s x. !o e , l r . 1 ",
<br />movApwme t _ t+54t1 Gx'1 Areas f,:eerd Car t<;_rst ter Ilia iy34 smauft) seC {fled Ireteby rterRle suCb payn e 1 eiN i.: tk [`lack+ ,k,. d(: r.!; (' at. - ,! i,!n. Pe ) i.. ,,::Is't I :, . ao tii.;i ii
<br />cats r� thn dNtte sr any osyno-enis ureter ter >et Note. Eir s u,e any dataulz the:aunde. r„ r.,,rn.; ^,tit, .
<br />Raven and C of Lalas, 8ixf0wer Snail kimp fhb PfatrerTy 7.tat,', ,. .. • n., a,. 4 r.•pa., ,. ,.,,,buy -. r,nu „ ,,,.e• . .art
<br />0e00 styyt E- Un,ro,f (11 jW4111f $I y wssle or oaf., oat , s tb., c, '4+e, t.
<br />to rr. - .. tail t9,e pre32>eeay SNekJ wxyRx:�atwm?�T. muNSr(s +4erm,t nary ai�44[, $ygr derne ,n .,r„v , .p -w P, _,i.er, .. .- ., ,.� ....• . � p v •, .,
<br />s 6xsW met ssacA=+Y !�i,� �.>� as Bs;.t., ,v.m,= 5 ,: ,pmt a ,..J a fb�.:me a!1 :.m•rn. n . , r,•..,,n.. i»a m.,,e , r, a, y „ .. , i , . _
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