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ACKNOWLEOGISWNT OF 0910 OF TRUST 8 e — 1 o 5118
<br />NINA tN/10 T►N! tt�PO1H Ili
<br />DOrrotaeta fTluall understand gtotlM tWSu~t"Int, Borrowerm are about to eaacule fee Damf of Trust end rid a mortgage amf that the powarot aaM proWged
<br />for In Ma Deed of Try provkloswjOotan#&#y d{flerant r4" and obitpallore to we Borrowers than a tat "ji, in the event of a dNaull or breach of obligation under tofu
<br />DNA W Tnisi, MoluAing, WA rust IWRI*d to. the LMOr'a "MID have Noe Real Property" by the Trustee without any judicial proceeding or foreclosure. Borrowers
<br />topaprA and *emit MN We eeknowNdowAnt wag eaecued by them Wore the eseouhon of the Dead of Trust.
<br />f
<br />J Gericke Borrower Husband)
<br />(Patricia A. Gericke,ewrowef Wife)
<br />PREFACE TO DEED OF TRUST
<br />COMPERE Me pate* ONLY B Nw rest orepdAy doswV rd **delete W NM, MMALLY OWNED AORICUL AMAL LAND.
<br />H oppNe", joemptete ONLY ONE eMwr A. S, or C:
<br />❑ A. DOCLA MER OF WONT TO DONATE HOMESTEAD:
<br />The Borrowerfe) acknowledge that they are about loekecuts the following Deed of Trust upon the real estate described therein. The Sorroreer(s). and each of them if
<br />more then ones de ttweby disclaim their right to designate a homestead pursuant thereto. No part of the homestead of either of the Borrows() is presently or will in the
<br />future be Situated upon Said real ealale. The Borrowers) understand that if either establishes a homestead on any part of said real ester* during the time the Deed of Trust
<br />rarMihe uns"ied and alien Upon said real estate. there shall be not tight to make a designation of homestead In the event of a foreclosure or trustees fee with reapeCt to
<br />said Wed of Trust
<br />❑. a. WAWM OF MONT TO DESIGNATE HOWSTEAD:
<br />The Borrowerfs) acknowledge that they are about to execute the following Deed of Trust upon the rear estate described therein. The Borrowerls), and each of them if
<br />more than one. do hereby waive their right to designate a homestead pursuant thereto. The Sonrower(s) understand that they have the right to make a designation of
<br />homestead and that by ekecuting this waiver, they are 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 Deed of Trust-
<br />0 C. DEJUMATM OP fNNMSTEAD:
<br />Pursuant to" Farm Homestead Protection Act (Section 76.1901 et seq. Revised Statutes of the State of Nebraska). the Bortower(s). do hereby designate the real
<br />property described in the "Designation of Homestead" hereto and incorporated herein by this reference
<br />Borrower
<br />Borrower
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />THIS DEED OF TRUST, is made as of the _. 24- day of, Augkist _ 19 87__. , by and among the Trustor, John D, Gericke and
<br />Patricia A. Gericke, Husband & Wife whasemadmgaddr�s�s _306 E. Brookline, Grand Island,
<br />--
<br />NE 68801 _•_ ___therein- Borrower)Ahe Trustee. William __G. Blackburn,_ -a- member of the Nebraska State Bar Asst
<br />— — - -- —
<br />P.O. Box 2280 Grand Island, NE 68802 (herein T(ustee').
<br />_
<br />And the Beneficiary, ---___�. —,_-- _ Five Points __Bank
<br />whose molting Address s _P.O. Box _1507 Grand - Island. NE 68802 -- __---- ____-------- _.___ -- therein "L ends
<br />r ").
<br />FOR VALUABLE CONSIDERATION. including the indebtedness idenliifted herein and trust heie•n created. the receipt of which is hereby acknowledged. Borrower
<br />hereby Irrevocably, grants, transfers. conveys and assigns to Trustee, INTRUST, WITH POWER OF SALE. for the benefit and security of Lender, under and subject to the
<br />terms and cotditWna hereinafter set forth. the real property, descnbed as follows
<br />The Southerly 20 feet of Lot Twelve (12) and all of Lot Thirteen (13) allin Belmont
<br />Addition to the City of Grand Island, Hall County, NE
<br />Together with all battdings. Improvements, fixtures, streets, alleys, passageways, easements tights. privileges and appurtenances located thereon or in anywise
<br />pertaHtditg therato• and the rents, tasaea and probW reversions and remainders thereof. uchedmg. but not limited to. heating and cooling equipment and such personal
<br />Property y" is attached to the improvements so as to constitute a fixture. and together with the homestead or marital interests. it any, which interests are hereby released
<br />aid wowed; AN of which, including replacements and additions thereto, of hereby dectamd .o be a part of the real estate secured by the lien of this Deed of Trust and all of the
<br />foosgohtg boing resew to name as Me. "property ".
<br />RD ��Twh�os Rood l Trust 9W secure (a) the payment Oft" principal sum and interest evidenced by Borrowers note and!or credit agreement dated
<br />.tRlsaaL,Y-_:�_ _, • he" a motion data of ..___..�.L2.Q%��.,. • in the original principal amount of 5 4 500 • �9 . and any and all
<br />7
<br />; mgdihi6Jtiord,**fgc4mm and renewals thereof or thereto and any and all future advances and readvances hereunder pursuant to one or more promissory notes or credit
<br />thar /in called "Note" I, (b) the payment of other sums advanced by lender to protect the sec. ur dy of the Note. 10 the performance all covenants and agreement
<br />of Borrower am forth heirin: and (of sit indebtedness and obligations of Borrower to Lender whether direct. indrnect. absolute or contingent and whether arising by note.
<br />womply, ov*r*IA of Otherwise,
<br />itivarrearaw, to protest am security, of mis Deed of Trust• covenants and agrees with Lender as followlt .
<br />t. vs oIaff olvo"oda"NtWest Derfoww sham promptly pay when due the principal of and interest on. and any fees or charges provided in, the Note Orin this
<br />Dsrd of Try
<br />2, Time. Borrower, Isthe owrterat the laroparty. two the right and authority to convey the Property, and warrants that the lien created hereby is a first and prior lien on
<br />ON Properrilyfiscopil Seamy othersimefM fen I" hwain, and the eaeeutlon and delivery of this Deed of Trust doss not violate any contract of other obligation to which
<br />2, TWa, MeeaeaswtY.7oeay when asrM alt tease, spaces' - ...Monts and all other Charges against the Property and. upon written demand by Lender. to pay to
<br />Leader bash -m as may to ooabft tree Lander to Pay such taxes. assessment! or Omer Charges as they become due
<br />a filet Altee. Ta keep dine Proserly amed a$ai by thee, hazards included within the term "extended coverage, and such other hazards as Lender may
<br />3r# 'end
<br />wish to Leader, and wrth loss payable to the Land*, to come of tote under such pon(,em. the Lender is authorized to adjust.
<br />ate " andshan have if* courant of applying all on part of the insufance proceeds io to anyindebladness secured hereby andin sitch
<br />-f - (tit to me "loafer to 00 ulklid for the fepasr 0, resiorabon of the Property or i nil for any other put pose of ob,04:t sat, si ictory h, L. ender
<br />owneod -. at of Trust for ease full amount proofed hereby before such p*vM *nt eve, took place Anysppi,cal,on of prncan<IS lit in lotlwdnecxahron
<br />o'. date 4 tr y pay.. is under M* Note, tP cute any default that etind*r or hereunder
<br />'k ate wedt Lot", foot owet $natt koo-P the Property ,,.'34X9 candor", ann repai. snap an,.
<br />l be 44MAW pt dwvinaveml. aha:d.ep commit or hermit any wamte or "Arto.'ahor, id the P've ✓y 9i•.alf dltn,
<br />aovaf An Sit 04* mfty,~ rQAco" 14. 4404fo ,permm ally 4,1 it, bedoneMtaai.p nth * €•r >caty volain>r,•,Ienshew:,,d
<br />_ 4witwovall ir„xwaw`s cost ? *a sB ate alines. 3. Wiu ;UreNUar�;.�arx]sraary�asAV,av n,e. snit ;�as2as�is xua,•, s!t 1, �, e,fv ,l�nrr nnr.�..,.1
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