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<br />ACKNOWLEDt1ENiENT OF DEED OF TRUST
<br />sonownomm THIS NFORE SIW W&
<br />(Truston) understand that the document that the BorrpwIl M are about to execute Ise Deed of Trust and not a mortgage and that Mellower Of sells provided
<br />for in the Deed of Trust provides substantially different rights and obligations to the Borrowers than a mortgage in the event of o default or breach Of obligation under the
<br />Dow al Trull. hichrdtng, but not limitml to, the LondRr'a right to have the noel Property sold by the Trustee without any judicial proceeding or foreclosure . Sorrowere
<br />and warrant Intel this sa know nt was executed by them before the execution of the Deed of Trust.
<br />(Glenn E. Kitten) Borrower
<br />Borrower
<br />PREFACE TO DEED OF TRUST
<br />COMPLETE Nk point ONLv N the real property f eactbed eenslou of INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />If "plfaabie, complele ONLY ONE NMer A, Si or C:
<br />❑ A IM OF RIGHT TO DESIGNATE HOMESTEAD:
<br />The Borrowers) acknowledge that they are about to oxecuts the following Dead of Trust upon the foal estate described therein. The Borrower(s), and each of them if
<br />more than are. do twoby 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 sdualed upon said real estate. The Borrower($) understand that if either 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 a Salo with respect td
<br />said Deed of Trust
<br />❑ B. WAIVER OF RIONT To DESIGNATE HOMESTEAD!
<br />The Borrowers) 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 of
<br />more than are, 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 />harmastead 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 />@vent dt a defauh upon the Deed of Trust.
<br />❑ C. 028 M1ATHM OF NOWSTEAD:
<br />Pursuant to the Farm Homestead Protection Act ISection 76-1901 et seq Revised Statutes of the State of Nebraska). the Borrower(s), do hereby designate the real
<br />property described in the • "Designation of Homestead" attached hereto and incorporated herein by this reference
<br />Borrower
<br />Borrower
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />/^ 1�t
<br />THIS DEED OF TRUST. s made as of tht,24thday of August.. - f9 8L.._ by and among the Trusfor, Glenn. -_i: _A(itten,
<br />__ _&_S1ngk_pers9n.._ _ _ - __ _ _ whose —o rigaddwss:s 18.-d _Court_ GrHDd-_-
<br />._�!.ar°:1746.a._!(!
<br />(herein Borrower I the trusfire Five Points_ .Bank -...
<br />whose mailing address is . _P..0.___ BOX..-. 1507, _Grand._ I stand, . N.E. _ 681102_ _ -_ . _ _._ ___._-._ (herein "Trustee").
<br />and the Beneficiary. __ _ ___ Five _Points _.Bank.. -- _ -__ --
<br />wh searagangaddress.s - _.P..Q, . Box- _1.507,_.. Grand- _Island... NE_ - .68842 ..._ _.. __ __- ..______ (herein Lender")
<br />FOR VALUABLE CONSIDERATION. dicludmg the mdehfedness .dentihed herein and trust herein created the receipt of which is hereby acknowledged, Borrower
<br />hereby irrevocably grants, transfers. conveys and assigns to Trustee, Is! TRUST, WITH POWER OF SALE for the beneto and security of Lender. under and subject to the
<br />terms and conditions herenalter set forth, thereat property described as follows
<br />Lot Two (2), in Block Two (2), in Continental Gardens, an Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />Togal with all buildings, improvements, fixtures, streets alleys . passageways. nam:ments. rights, privileges and appurtenances located thereon or in anywise
<br />anot the rents. issues and profits. fevefsfons and remainders thereol, m.iudmg . but not limited to. heating and cooling equipment and such personal
<br />property pkat is attached to in* improvements was to Constitute a fixture and together With the homestead or marital interests, it any. which interests are hereby released
<br />and waived, aifof winch, including replacements and additions thereto..$ hereby declared to be apart of the real estate secured by the lien of this Deed of Trust and all of the
<br />lamirg" b" referred to harem as the "Property"
<br />lIt" Dead �aor Truer shag secure Ia) the payment of the principal lssum � and interest evidenced by Borrowers note andior credit agreement doled .August__..
<br />having a maturity date of _..SWember... 1_•_ .asnrar . in the ongtnai principal amount of $ __411040 .. ,00- -__. and any and all
<br />art$.
<br />suthmeacays and renewals thereof or thereto and any and all future advances and readvances hereunder pursuant to one or more promissory notes or credit
<br />E$lrferain eaft@d "Note -), (b) the payment of other sums advanced by Londe. to protect the security of the Note. (cl the performance all covenants and agreement
<br />of Borrower sat farm herein. and (d) alt Indebtedness and obligations of Borrower to Lender whether direct indirect, ahsoihde or contingent and whether arising by note,
<br />Swariscify overdraft at otherwise .
<br />to protect She purity of this Deed of Trust. covenants and agrees with Lender as follows.
<br />T pppMetN P/Mttdpel eRdM/Naat. Borrower shelf promptly pay when due the principal of and interest on, and any fees or c oar, gel provided in the NOteordtthrs
<br />DOW of Try.
<br />i. Tpb. gailinswer, is fns owner of Ina property. hag [Its right and auth;Nrty to convey the Propefy. and walrants that the lien created hirrc is a first and prior hen on
<br />scollearily. issualifill as may lattallawgis be $at forth herein and the exec pitch and delivery of this Deed Of Trust does not violate any comic act of olt/ef ohhgaton to whim
<br />Skernewaro is safeeffecl .
<br />3: TKn, AeseseaoWft To pay when due as texas, spM'.fai assessments and off other charges against the Property and. upon wafter, demand by Lender, to pay to
<br />t, ffi3 as may sutficrent F§7 trFa Lender to pay such taxes, assessmit or other charges as they ber:orne due
<br />4 Nowtoom To the property matured against damage by 1 +,t . hazanfs ifsrluded wdhio the tar n5 "a..lendatf t;dyeraa3a and such other hatafda as Lender n.ay
<br />nmwfvi m onwfim"wfih c@111pah't*04 ecceptaith'aa 10 Lander ant} with loss payable to the bender In case of foss under such poi!cn+s. fho Lender iF authorized tr. -. adluar
<br />WANKI ansuOrtvs theravndwend Shall have the upflon of eppiy—galf ur pert ur the.nsur ernes plocoryts I- ?1.anyindrbtndness secured nereby and .n Such
<br />wlw as 11 - If A4rm t. Wf to the Burrower to he wwd ter the ropw, nr ras3e +atren of thin Property or tin) for any other purpose or obleO sahsfac lo.y to L,,r,der
<br />afforistaker a PSrt MM. of mina D wed of }:neat for ttia full am nmr calcined "Iffiby behJre autt• payn,rnf er @rr tr it pi... Art1 +rptiLC ah Uri of pr h:@ee19 t<r a *<tahled nP+"9 Ghail
<br />rot 4~4 or 000wal, "se rhm dew Of any paymants us *tW We Nate. c*r ryre any t9elau,'F inerxilrettet to tye.ai3 n•9er
<br />6 omwA#nsmo **Poe sod compiwfto wi t Lam, Follow", srfsN ke8is thft Prapariy ot u.. r ) i . 1r. a *.:.: aparr, cr.tll V.1'!nntty ?Nil %m . icl la.:n a•,s.
<br />_ Rsayf ao d Kos t€xuyee8 er?aN rtcN r xmmN f� pRrmet any wasM pr dEfereY rairti.: ,d the p ,l +peP1. soli v :1n, . � ;. sut..Iant.anq aRa.
<br />a 9Rd 71. .swot RSi dt%d rt"4. 431 @rNZi 6,.,�r<ra.t. settpiE,pritfmi any act tobr,3— in ,rcc..,rn, Peopeo,. nai ;.i any!w: -.t7 ,a,•._n..•,.et�t•8hon a�,d
<br />v.nrf3f yAacd E�>T"a`= 4i'sf�'%fiYaMr- ®caul a.�s eaiv�,aaa°- +tiaras eia.i.+*.sraew.:ew an;f cr >ar3 -x •n.:nd .r t• ae=.r n. Saw.. aw, mu:. e ,i..s .. -.a :. t,nrr n- r +.� >.rr
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