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<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />MAO Tf iii ",Ebel INOINIIO;
<br />Corrosion (Trustont) anderstandthal tho document um that Borcowers are show to execute to n Deed of Trust and nat a mortgageand that the power of sate provided
<br />AM M Me Coed N Try Wevidge oulabinhasy different rights sad obligations to the S4�,w than a mortgage in Rtge evens o) a d I It or breach of obligation under the
<br />Dead of Try, ` bull not firttited to, Me Lender's fight to haw the Real PropMs True" without any j icial oloceerding or foreclosure. florro"m
<br />roprantt and wwrrant MH this eak "gent v� executed by Rem before the Efts Deed of Try
<br />(G, vi Gruende '7ro ''/
<br />( ileegy,Gruendel) Borrower
<br />PREFACE TO DEED OF TRUST
<br />COMPLETE MN perNen 0$#.Y N M- mW property deaarNed aeraNM of MOWN (ALLY OWN= AGNMULTURAL LAND.
<br />N appYwMe. trotripleN ONLY ONE -stile, A, B, or C:
<br />D A. ONCLAHM OF 1INWIT TO DEgitiNATE WOnTEAD:
<br />The Borrower(s) acknowledge that they are about toexecutethelot lowingDeedofTrustupontheteaIestatedewribedtherein .TheBorrower(s).aadeachofthemif
<br />more than one, do horeby dixtaim their right to designate a homestead pursuant thereto, No part of the homestead of either of the Borrowers) is presently or will in the
<br />future beeisteried upon said real estate .The Borrower(s) understand that it either establishes a homestead On any part of said foal estate during the time the Dead of Trust
<br />remains undishofted and a hen upon said real estate, there shall be no right to make a designation of homestead in the event of a foreclosure or trustee's sate with respect to
<br />a" Dead of Trtget
<br />Q B wA#M OF WORT TO DEOMMATE NOWSTEAD:
<br />The Staffvr,erts) 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 />morn than one, hateby weave Meet right to dirsignate a homestead pursuant thereto. The Borrower(s) understand that they have the right to make a designation of
<br />-and lMMby otgecurartg terra wotsvrr -trey arewaeving rights otherwise available for the purpose of affording them the opportunity to retain their homestead in the
<br />event of a dalksuft Egon the peed of Treat.
<br />❑ c. g ggimaTtINi OF uougiTGtD:
<br />PursuarittotheForm Protection Act 4Sect,on 76 -1901 at sect Revised Statutes of the State of Nebraska). the Borrowt do hereby designate the real
<br />Property described in "e' nation of Homestead' attached hereto ana incorporated herein by this reference
<br />Borrower
<br />Borrower
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />T#IS FEED OF TRUST. ,s mane as oh the 4thda,,i August_ -_. tg 87.._.... by and among Ms Trustor. _G_. _David GLUerdel
<br />„ and AileenAGruendel, Husband & §iii verities ,a +l,ngaddress ,s 71$ S. Broadwell, Grand Island,
<br />NN 58803 William G. Blackburn A member of the Nebraska State Bar
<br />-. ►.. _.. __. the.
<br />2280 sand Island, NE _ 688W.. _._. _.... _. fherein"Trustee'i.
<br />- Five Points Bank
<br />and the Berieftclary.
<br />- - -- -
<br />addr�ssrs _.Grand 1sl4md, NF 66B02 - ._ _. _._ (herein "Lender")
<br />FOR VALUABLE CONSIDERATION. mciarding the ,ndebtednes'a:denM %ed h-err, ana trust h€>rw.,n cresteC. the receipt of which is hereby acknowledged, Borrower
<br />hereby irrevocably grams. transfers, convoys and assigns to Trustee IN TRtfST WiT al POWER OF SALE for the benefit and security of Lender, under and subject to the
<br />Will* and conditions herernatfer set forth, the real property - descraoea as VCWC,.s
<br />Office Unit 3 in the Grand Island Doctors Building Condominium Property Regime, Lot
<br />1, Saint Francis Medical Subdivision, City of Grand island, Nail County, Nebraska, as
<br />defined in the Master Reed creating Grand Island Doctors Building Condominium Property
<br />Regime, incorporatedherein by this reference.
<br />Together with all bAoRkrigs. improvements, fixtures, streets alleys pessagsways, easements. rights privileges and appurtenances located thereon or in anywise
<br />thereto. POrlitial and the rents, issues and profits, reversions and remainders tree: =�f, including, but not limited to. treating and rooting equipment and such persona!
<br />property Math totth- tmprovemenissoas to constitute Mixture. and together with the homestead or mamal, nteresis. if any. which interests are hereby released
<br />and all Of wftich.. including ropfaeemetuo and additions thereto. is hereby declared to be a part Grille real estate secured by the lien of tilts peed of Trust and all of the
<br />f referred to retain as the ' property''.
<br />Taho Deed at Tn»t s3eaFt secure (a) the Baymont of the principal sum and interim owdenced by Borrower's note and, or credit agreement dated .... -_
<br />having a maturity date of _. _. . $j.:4f�� ..__.... -. -.. _ to the original p, •. nc,pal amount of $ 3Z QQp .QQ'_.. ._
<br />._ -. Mild any and an
<br />extensions end renewals thereof or thereto and any and au future advances and readvances hereunder pursuant to one or more promissory notes or credit
<br />(tlermir! cohed "Note "):(b)the psymentotother sum- sad,,anced by L.ende,toprotect the security of the Note. tcl the performance all covenants and agreement
<br />40 Q~ oft f"M n; arm (d) alt lr4ottoOneU and obligations of So -Owe, to Lender whether direct. ,nd,rect absolute or contingent and whether ansing by note.
<br />guar". pingedial w otherwise
<br />. to anylect the security of dus Dead of Trust, covenants: and agrees with Lender as follows
<br />�!. FysaMefFwlaMpala"i MlfrteeK.Borrower%hail promptly pay when due tie principal of and interest on and any fees or charges provided in. the Note o• in this
<br />DOW IP T
<br />2. IW as the owner of the properly, has the right end authority to convey the Property. and warrants that the lien created hereby is a 1, rsl and prior lien on
<br />a:- : at May Otherwnse begot forth harem. and the exeCirhOn and delivery of in'$ Deed of ?rust does not violate any contract or other obligation to which
<br />00 oublea,
<br />9. Tithe, Assae- as is To pay wften out alt togas, woclot aewnwmnts and all Other charges against the Properly and upon wntte„ demand by Lender to pay to
<br />as b- Aral 90 ignaball the Lender to pay Such taaeS manta of other Charges as they become due
<br />i lasoragges, To keep Me Property thsared agioral dam #" by fire, hazards included within, the tart" ®- tended coverag*'. Bann such "near lu rards as Lend., n,sy
<br />e iii *0 C iKOW to , brad with .. payabbt to the 1.arKter. Incase of Cuss under such policies. the Lender :S authorized tc?+`dlusl,
<br />f fl .on ci - = and ahan haven tee optionut appsY -Rat; or part of lh.,nsul5nCe pro,:"d., i,. to sny,nrlebte,lnrss hit-nv and •n xucn.
<br />olikor "L mine, to) to the reNaer in be used for the reps,, of MiOration of the Property ot t.<ti for any acne 4—pose - oblec I sagsfao y . u t =ride,
<br />0 ifs 0 Trust to, me tub amount lured nangby before sa.�h, payment eye, tooR tt+ace a v at*t�"e ah� + �f ttrcecsads to odettled wits shau
<br />44w" ,m dam 04 any voyr rtes uikra@ the Not*, or care gill, diffau:l the,our er ur
<br />4 and Coomossonso wMs Lows h seems- gnat, .#too the n> t o +s K i , r , ei a vil e
<br />e ct ra { e:r
<br />Moy he disragears., dmatrot; bras not co+.e+n+# a>t any w `,1 let *e , at,va o. ehr t .,f,*,rq � ,t ,a , y, e , .. , 4, nets , a,v aim•
<br />Ads`, �! *rilWrtatO tRR ttze tie e � •,: .
<br />Assn.
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