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<br />ACKNOWLID09MINT OF DIID OF TRUST
<br />PRIFACE TO DEED OF TRUST
<br />COMPLETE Mae Pte+ ONLY H Me real pt sip" dimartlead eonMah of INDIVIDUALLY OWNED AGRICULTURAL LANO,
<br />if slesomeliffir. oompkN ONLY ONE ~ A. B, or C:
<br />❑ A. DOCLAMBN OF MCWT TO tM*M MATE NOWSTEAO:
<br />The Borrawsrr(s) acknowledge that they are about toexecute the following Deed of Trust upon the real estate described Mersin. The Borrowerts), and each of them it
<br />more than off, do he »by disclaim their right to designate a homestead pursuant thereto. No pall of the homestead of either of the Borrowers) is presently or will In the
<br />future basituated upon said real estate. The Borrowers) understand that if either establishes a homestead on any pan of said foal estate during the time the Deed of Trust
<br />rem" unNNsf d and alien upon said real estate, thereshati be no right to make a designation of homestead in the event of a foreclosure or trusla's sale with rerpectIO
<br />tNfd Dead of Trust
<br />O O. WAWER OF 11MW TO 0961 HIATI HOWNTEAD:
<br />The Berrovearis) acknowledge that they are about to execute the following Dead of Trust upon the real estate deacnDad therein. The Sorrower(s), and each of them if
<br />more then one. do hereby waive their right to designate a homestead pursuant thereto. The Borrowerts) understand that they have the right to make a designation Of
<br />homestead and that byexacuting this waiver, they are waiving rights oMeriolw available for the purpose of affording them the opportunity to retain their homestead in the
<br />event of a default upon the Dad of Trust.
<br />E3 C. TORN OF TEAR
<br />Pursuant to Iha Farm Homestead Protection Act (Section 78.1901 at seq. Revised Statutes of the State of Nebraska). the Borrower(s), do hereby designate the real
<br />property dwribled 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 .22.._ day of ._ October_ -_.. 198-7___.. by and among the Truster,
<br />Keller and and Buelah E. Kellett. Husband &Wife .whosemadangaddressis _40-4_HQ1C0Mb_St09fl9 C,rand
<br />island, NE 68801 (herein °Borrower °).the Trustee. ._William G. Blackburn, a Member of the NE State Bankers Assn.
<br />whose- -- - - - - -- -- -- - - - - -- -- --- ----- - - - --- —
<br />mailing address is _ Island1NE 68802- 2280___________v___ _____(Heroin ••Trustee "1.
<br />and the Beneficiary, Five Points Bank
<br />whose trailing address is P-r) it]7t. 5�- � _- -- ._S�irdltCl_- Isldnd.,--NE_^ 68842_-- ----- ---- ----- --- .--- ---- _.___— ._.(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 irrevocably grants, transfers, convoys and assigns to Trustee. IN TRUST. 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 properly. described as follows:
<br />Lot Two Block Two Holcomb Highway Second, Hall County, NE
<br />Together with all buildings, improvements. fixtures. streets, alloys, passageways, easements. rights. privileges and appurtenances located thereon or in anywise
<br />po fnarofo and the rants, metes and profits, reversions and remainders thereof: including, but not limited to, hearing and cooling equipment and such personal
<br />pr..... flythalt is Isear to,the improvements soaS to constitute afixture, and together with the homestead or martial interests, if any, which interests are hereby released
<br />andwNvadi after tyhich. including replacements and additions thereto. is hereby declared to be a part of the real estate secured by the hen of this Deed of Trust and all of the
<br />fen being referred to herein as the'•PtoWtp'.
<br />This Deed of Trust shall secure (al the payment of the principal sum and interest evidenced by Borrowers note and/or credit agreement dated
<br />having a maturity date of in the original principal amount of and any and aH
<br />modffmaGdvos. and ninsivaelis Maloof or thereto and any and all future advances and readvarices hereunder pursuant to one or more promissory notes of MOM
<br />figniatersaft (hereto" cam "Now): (b) VA payment of other sums advanced by Lender to protect the security of the Note.M the performance all covenants and agreement
<br />Of Borrower ref fforts herein. and (d) all indebtedness and obligations of Borrower to Lender whether direct, indirect. absolute or contingent and whether anarng by note,
<br />quarfatelf, distension of otheifteme.
<br />to proaedt itm s9eunty, of this Deed of Trust, covenants and agrees with Lender as follows,
<br />t Qt eWtMereN. Borrower shall promptly pay when due the principal of and interest on, and any fees or charges provided in. the Note or in this
<br />Dow of Try.
<br />1. 'ftEt6 nornswer to the tharter of the Properly, has the right and authority to convey the Properly, and warrants that the hen created hereby is a first and prior lion on
<br />Me may itieweaserthe set forth herein, and the execution and delivery of this Deed of Trust does not violate any contract or other obligation to whmh
<br />earn~ to salls".
<br />TISWAilleateliesseft To pay when due as fsaes, opecral assersaments and all other charges against the Property antl, upon written demand by Lender, to pay to
<br />Lavidiser K may be sufficient to eftaisho the Lender to pay such taxes, aeseaments or other charges as they becobla due
<br />t fiffiesessess, To keep the Pr insured agamat domegs by fire. hazards included within the term "oxtonded coverage and such other hazards as Londe, (flay
<br />in acceptable to Lander. and with leas payable to the Lander. In case of toss under such policies, the Lander is authoneed to adjust .
<br />and idt
<br />and shall have the option of appfytno all or part of the insurance proceeds (I) to any i ndabtadness W toad haraby and in sucn
<br />ormise as G mime, fit) to the Borrower to be used fen the lapai/ or restomhoo of the Property of fill) for any other pufposa or object satisfactory lo landrr
<br />vie tin Of forte Dead of Trust for the too amount secured hereby before such paymani aver tuna place Any appiwation of prcecvMds fo intfebtau „ass snail
<br />no s sensed or entatitheria the dim of any pa urafor the Note, Of cuts any default thereunder for haroundef
<br />S . a Laves. Borrower shall keep the Ptoih!rly err good condiuon and fepmr. shun prurnptiy 'Opml ,ri taplaco any
<br />which owshominiall rraAy be donargod or dowityalf, net sommd of petmil any Wsete at dole,, ur a non ul the pmfaerfy . veal! not -c"o - , delt,obst, (err subktant,aliy ails,
<br />slut of ppl Dean ire y', ow not commit, suffer otpefmo any FAI lots do” emit,upo"file R(npatly +'I ru)lat,on UfanV law. ow ant U. ur rndUigl4)n A-ld
<br />§1:ar yaraa preerxpity .rya at Yrrtiwer'afloat anSl expan" all lions, ancurnbrancaW and chwgas lev,erf u, ,a, yb+ario— ",r
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