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<br />ACKNOWLEDGEMENT OF DEED OF TRUST 87, 105930
<br />DOORWAIMPM TM 441011E S10NINGt
<br />Norrav ars (Trustors) understand that the documsnl thsl the Borrowers are about taoxecute is a need of Trust and apt s martgaga snd that tha power of asla provided
<br />twin the 0@90 at Trust plavktea oubstantially different rights end obligations to the Borrowers than a mortgage in tha ayanl of a defauft or breach at obligation under fha
<br />Deed of Trust, including, but not limited lo, the Lender's right to have the Real Property sold by IM Trust" without any judicial proceeding or foreclosure. Borrowers
<br />opprialent and warrant thatAflis ecknowledgiemani was executed by them before the execution of the Deed of Trust.
<br />(Dorothy / J Borrower Zeller, A Wido4J)
<br />Borrower
<br />PREFACE TO DEED OF TRUST
<br />COMPLETE OIle Persian ONLY N site rest propeely.descrlWd consists of INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />11 appgoabh, complete ONLY ONE Nsiter A, B, or C:
<br />❑ A. OMMA MEN OF RIGHT 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 if
<br />more than one, do hereby disclaim 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 be situated upon satd rear asiate. The Bonower(s) understand that if either establishes a homestead on any part of said real estate during the lime this Dead of Trust
<br />remains unsatisfied and a lion upon said real estate, there shall be no right to make a designation of homestead in the event of a foreclosure or trustee's oaks with respect to
<br />said Deed of Trust
<br />❑ B. WARRLR OF RIGHT TO DESIGNATE HOMESTEAD:
<br />The Borrowere) 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 />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 />homestead 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 />went of a default upon the Dead of Trust.
<br />❑ c. DEfiftwT10H of How*TEAD:
<br />Pursuant to the Farm Homestead 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 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 />THIS DEED OF TRUST, Is made as of the ..2.$. day of .5eptercLbQr 19 47_ . by and among the Truslor. _d rat -ley ,I —_
<br />eller,A Widow_ whose mailing address is _ --- N, --ff - -- -n — _ Grand Island,
<br />N. —
<br />�NE (herem °Borrower). the Trustee, William G. Blackburn, A Member of the NE State Bar Assn.
<br />whose mailing address is _.._3.D.._.Box_228D_._ Grand -island.- -NE °Trustee").
<br />andtlte Seneficui F1v_e__Points,._Bank „
<br />whose mailing addresses -.--.---P.O. _ Box 1507 Grand Island, NE 68802
<br />g ----- --- ______._.._ .__._._..______._... ___ ._.___ .... _.. _.._ _____ _..._.. ____ (herein "Lander")
<br />FOR VALUABLE CONSIDERATION, including the Indebtedness identified herein and trust herein created, the receipt of which Is hereby acknowledged, Borrower
<br />hereby irrwocabty 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 conditions hereinafter set forth, the real property, described as follows.
<br />South One -half (S}) of Lot One (1), Block Thirteen (13), Wallich's Addition,
<br />Hall County, Nebraska
<br />Together with all buildings, improvements. I, wtures. suffels, alloys. passageways. easements. rights, privileges and appurtenances located thereon or in anywise
<br />parle rning thereto. and the rents, issues and profits, reversions and remainders thereof: ,;,:,fuding, but not limited to, heating and cooling equipment and Such personal
<br />property that is attached lathe improvements spas to constitutes fixture: and together with the homestead or martial interests, if any, which interests ate hereby released
<br />and warred all of which. including replacements and additions thereto. is hereby declared jobs a part of the real estate secured by the hen of this Deed of T rust and all of the
<br />foregoing tieing raterred to herein as the "property'
<br />��
<br />This s Deed of Trust shall secure jai the payment of the principal sum and interest evidenced by Borrower s note and/or credit agreement dated
<br />_- .4i2W22_—_._._._ having a maturity date of in the original principal amount of $ ..3,.000..00.__.._.. and any and all
<br />modifleattae& extensions and renewals thereof or thereto and any and all future advances and readvances hereunder pursuant to one or more promissory notes or credit
<br />agrtamsnts therein called "Note'). (b) the payment of other sums advanced by Lender to protect the security of the Note. (c) the performance all covenants and agreement
<br />of Borrower set forth herein; and td) all indebtedness and obligations of Borrower to Lender whether direct. indirect. absolute or contingent and whether arising by note,
<br />guaranty, overdraft or otherwise
<br />Borrower, to Protect file security of this Deed of Trust, covenants and agrees with Lender as follows
<br />I Pgn via lI of PONlopkM and letenst. Borrower shah promptly pay when due life principal of and interest on, and any lees or cha rges provided in. the Note or in this
<br />Dead of ?rim,
<br />2. Tffte. Borrower is the owner of the Properly. has the tight and authority to convey the Properly. and warrants that file non craaled hereby is a first and prior lion on
<br />thg Property. axaaPt as may otherwise beset forth herein. and the execution and del ivory of this Deed of Trust does not violate any contractor other obligation to which
<br />ft"oww is subject.
<br />9. TssW AaaaaanlataM, To pay when due all taxes, special assessments and all othet charges against the Properly and upon written demand by Lender. to pay to
<br />Lander sucill, annotepti as may be Sufficient to enable the Lender to Pay such taxes, assessments or other charges as they bE cone due
<br />4. Oa, To keep the Pfapatty insured against dome" by lire, hsLarda included within the term 'extended coverage" and su[,h other, hazards as L.andei may
<br />raegio s, in smounts and with companies acceptable to Lender, and with lose payable to Ilea Lander In case of ivaa under such policies. lho 1. ender .s anthonzod to adpist
<br />GOVAMI arrtF isa. M4dfaimsitiereuntfel one shall have the option of applying all of part of the insurance procerd 9i ninil oyu+ leblp dno'ssei: tired he,eily And n, such
<br />order so Lender may dehrrmelo, (0110 the Borrower to be used for the repair or tostoraboo of rho Property or !ni) In, any other purpt,se i,, ohlnct salislac ti!,y to Lamle,
<br />w4 hoof affecting the ban of this Mead of Trust Im flee toll amount Sft-wod hot aby Wolff 5,801 Oil ymant OlMf lour piAre A,,v xpowty rile ni prpe.eniq to mdpblednnss shay
<br />naY1 extend or posep rle the due Sate of any payments undo, me Note ,, a oo Any default Ihaioenr)nt or hernunnk,
<br />o AsslPtsman" MlpNq and 09"4144ASs With wa:va- Bonnwe, snAll keep the Properly ,n gooA repai ,n t e any.
<br />++ ' ant whw„n ytee tMmagod of shasttoyt0 Ana+i nnlrmnmd or peon :fairy wxsleurdatanmiaprr 'n Pineal, tihai i
<br />Sflryf3i l6+ ptRaan?eo-+ Menlit6Prmperrv.st'.noolc,6nvi1 aufreeprpermit ally .011,hAdon. itup,,,trmk'r,w�sriv „v nah,_i ?. _ ,Iry , i ., n.l.i ni.. _w�i
<br />their pay Ad W"ntph'y•9r,ac9,aroo a!U."cwp,a <rJ;f and 9 rildnNe Ali lians.gne:.r ninranraa And uflAr( ;hY'.nu •nil „�I.sr � 1 ,site ri .t ..r ii„ Ir'iy�
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