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ACKNOWLEDOEMENT OF DEED OF TRUST
<br />EKNNlOMISRS READ THIS sE ►ORE EIONINO:
<br />Rorro vvna (Trualors) understand that the document that the Borrowers are
<br />Fiat in the Deed! of Trust provides substantially different rights and obligations to
<br />Deed of Tnrt6 Including, but not limited lo, the Lender's right to hew the Real
<br />represanl and warrant that this acknowledgement was executed by them before
<br />87-.a 106025
<br />to rtascuta ism Deed of Trust and note mortgage and that Ihepowor of saio provided
<br />rrowere than a mortgage In the event of a default or breach of obligation undortha
<br />'ly sold by the Trustee without Any Judicial procoadin ; or torectowre. Borrowers
<br />;eculion of the Dead of Trust.
<br />Borrower
<br />R. Pascoe) Borrower
<br />PREFACE TO DEED OF TRUST
<br />COMPLETE SIN ►erlion ONLY It this read p*oPMty described contests of INDIVIDUALLY OWNED AORICULTURAL LAND,
<br />11 applkabN, complete ONLY ONE rater A. B, or C:
<br />0 A. DOCLAla M OF WOW TO 09210HATE HOMESTEAD:
<br />The Sorrower(s) 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 it
<br />more than one, 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 />fulureheffiluatM upon said real estate The Borrower( s) understand that it either establishes a homestead on any part of said real estate during the time the Dead of Trusl
<br />remains unsalisfted and a lien upon said real estate, 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 />sod Deed of Trust
<br />0 B WAWER OF RMHT TO DESIONATE HOMESTEAD:
<br />The Borhavoi l 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 tads 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 Owed of Trust.
<br />(3 C. DENONATION OF HOMESTEAD:
<br />Pursuant to the Farm Homestead Protection Act (Section 76.1901 of seq. Revised Statutes of the Slate 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 c p��
<br />THIS DEED OF TRUST, Is made as of the 9th day of O- ctober.... 19 _87_ , by and among the Truster. .Stowar_t�r atcoe
<br />ai2 d _XiweL2__S.__- Pascoe.,..husband and..w'Ife__ __ whose matting address is 12Q- _W...10- th_S_treats_._Grand___
<br />Island. NE (herein 'Borrower'f the Trustee Five - Points_ Bank. _Grand
<br />whose mailing address is -P...O.. -Box .150.7— Grand._lsland., -._ N E _68802 -1507 ----(herein "Trustee").
<br />andtheBenehciary. _Fhve__Points.. Bank, _ Grand_ Island,,_. Nebraska_
<br />whose mailing address is -- P-- O-- Box._150.7., _Grand Island,._ NE- _68.fl02- 1507.. ___ (herein • lender•)
<br />FOR VALUABLE CONSIDERATION, including the indebtedness,denld,ed herein and trust herein 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 />farms and conditions hereinafter set forth. the real property, described as follows
<br />The Easterly One Third (E1 /3) of Lot Six (6), Block Fifty Five (55), in the Original Town,
<br />now City of Grand Island, Hall County, Nebraska.
<br />Together with all buildings. improvements, fixtures, streets alleys, passageways. easements. nuhts. privileges and appurtenances located thereon or in anywise
<br />pertaining thereto, and me rents, issues and profits. reversions and remainders thereof. including, but not limited to, healing and cooling equipment and such personal
<br />property that is attached loins improvements so as to conshhate a fixture, and together with the homestead or marital Interests, it any, which Interests are hereby released
<br />snd waived: all of which, Including replacements and additions thereto. is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the
<br />foregoing being referred to herein as the 'property`
<br />This Deed of Trust shall secure (a) the payment of the principal sum and Interest evidenced by Borrowers note and/or credit agreement dated _107!09 -.S7_.
<br />having a maturity dale of - _40-10.1_795. ._.___._ ._-.. In the original principal amount of 5 _.16,0.00..00. -__- and any and all
<br />frt9Wfiea119na, exlenfl0nf antl renewals thereof of thereto and any and all future advances and readvances hereunder Pursuant lO Otte or more promissory notes or credit
<br />agreements fhMarn called " Note '7. (b) the payment of other sums advanced by Lender to proierl the security of the Note. (c) the performance all covenants and agreement
<br />W Borrower sad forth heroin, and td) all indebtedness and obligations of Borrower to Lender whether tluect mdrtecL absolute or eontmgent and whether arising by note,
<br />guaranty, overdraft or otherwise
<br />Borrower, to protect tiro aecuniy of Ihls Deed of Trust, covenants and agrees with Lender as follows
<br />1-: Pay ete a@IPAeadPadaMlMMeet. Borrower shall promptly pay when due the principal or and Interest on end any lees or charges provided in, the Noleonn this
<br />Deed of Trutt.
<br />2 lift, awfowerrs the owner of the Property. has the right and authority to convey the Property. and warrants that the lien created hereby is a first and prior lien nn
<br />i. 111,0 Property, except as may olhMWisa begot forth herein, and the execution and delivery of this Deed of Trust does nol violate any contractor other obligation to which
<br />Borrower is subject.
<br />3 : Teaft AsuowNd"b. To pay when due so taxes, special assessments and all other charges against the Property and. upon written demand by Lender. In pay to
<br />Si
<br />Lender idrer Well) amount ae may be sutliuent to enable the Lender to pay such taxes, asfosfinents or other charges all Ihey become r1,.e
<br />a" UIa1NM1p. T9 keep the Property insured against damage by lire hazards Inctudod within Ilia term extended coverage', and such lithe/ hazards as Lender may
<br />regtpra, in amouats Mid with companies acceptable Ill Lender, drift with loss payable to the Lender. In cats of loss under such prrlic lee. the Lfunler is aulhunzed to Adjust.
<br />seed And c0iri©r9ir490, a8 Claims thereunder and shall Italia the option of applying all or part of the msuranr,e p,ocemJS hl to any u,tl.bledhess sin loeo hereby will,, such
<br />order as Lender may determine thi to the Borrower to be used for the repair ar r.stwahoh ul the Properly or ( , fur ahy nthn, I po," '.1"ie, l eah9fw0ury to I emte,
<br />wifh9Frt arreg:rl}4� ma Ilan of Intl Dde<1 Of trust for the hull amount Wufed hereby hero,. %u h
<br />payment live, 1111r6 JAM a Any a pll:hh I'
<br />'Kai a.lr#ad of "lta date tad any payments under the Nat. ,, cure any nefaull Iheleun lr r 1 l lnhll'J If A'.i ah,ill
<br />or he,!!LUxlnr
<br />D 40#00$f*Me ROO&tl and 4MIhMMroe wIM Laws nmil,* P shalt keep the Property 0"..1 C n 1 f vid , 1 f r sr 1i. -
<br />tMW t wt-li may be ame4ijewl ex rtdslfoyd t. yell not c old it e, ro"nut any wdsfn /Jets 1 1 Ii. , Pli,pe,ly .. - , t 1 l i9 I f ly I r
<br />ley fir frHeimevfsvanrentm r9el rfi,w prfJP@!y xhalf r,cf lYn,md. sulfe, - IM1h414ny act In is da r n C Flit F tt r .111 I1.. i. t,',. . fl -
<br />efsaa p8y.sexf prt?+.V,,u.y d+at. r,krg. as t3 -, sv.ar's s;esi and4. pahwfr wll tidhee r imh. nl,r_es.f ,l l:hal{inv ln�'v<f +,,i „s, 1, tsar .er.t,In .. Y I .Ili „r,
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