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87--- 106666
<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />BORROWERS READ THIS BEFORE SIGNING:
<br />r Borrowers(Trustors) understand that the document that the Borrowers are about toexacute is a Deed of Trust and not a mortga a and that the power of sale provided
<br />I for in the Deed of Trust provides substantially different rights and obligations to the Borrowers than a mortgage in the event ofed a t or broach of obligation under the
<br />Deed of Trust, including. but not limited to. the Lender's right to have the Real Property sold by the Trustee without any )udtci pr Seeding or foreclosure. Borrowers
<br />represent and warrant that this acknowledgement was executed by them before the execution of the Deed of Trust.
<br />(William W. Roberts) Borrower
<br />'"��)O a A. Rober�s) a � (ro� wer
<br />PREFACE TO DEED OF TRUST
<br />COMPLETE this portion ONLY it the real property described consists of INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />If applicable, complete ONLY ONE either A. S. or C:
<br />❑ A. DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />The Borrowrls) 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 oho, 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 said real estate. The Borrowers I understand that d 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's sale with respect to
<br />said Deed of Trust
<br />❑ 8 WAIVER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />The Borrower(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 tit an one. do hereby waive their fight to designate a homestead pursuant thereto The Borrower(s) understand that they have the right to make a designation of
<br />homestead and that byexecuting this waiver. they are waiving rights otherwise available for the put pose of affording them the opportunity to retain their homestead in the
<br />event of a default upon the Deed of Trust.
<br />❑ C DESIGNATION OF HOMESTEAD:
<br />Pursuant to the Farm Homestead Protection Act (Section 76 -1901 et seq Revised Statutes of the Stale of Nebraska), the Borrower(s). do hereby designate the real
<br />pfbpeny 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 12tituay of November ig 87 cy and among the Tn,stor. Will(am W Rabeits
<br />Marjorie A. Roberts_, husband a-nd wife „.,se1,ui.nga1,ress,1 P.O._ Box
<br />NE _68802 -1843 - ,h,rem Borrower I tit, Trustee Five Points Bank, Grand Island, Nebraska -------
<br />whosema0mgaddressis _P.0._BoX._1507, Grand. Island, NE 68802 -1507 - . -_. (herein °Trustee
<br />').
<br />andtheBenefiCtary. _.E(ve.Points. Bank, Grand Island, Nebraska _
<br />whose mailing address is _P.O. Box 1507, Grand Island, NE 68802 -1507 (herein Lender)
<br />FOR VALUABLE CONSIDERATION incl oiling the, ndebtedr..ess donut :er, herein, an it tr 1 ne: e,n created m ,ecepl cfwhich ,s herebyacknowledged .Borrower
<br />herebyorevocablygfants. transfers. conveys and assigns to Trustee INTRUST WITH POWER O� SALE !or the bl and security of Lender under and subject to the
<br />terms and Conditions hereinafter set forth the real property described as tol:Ows
<br />Lots Eleven (11) and Twelve (12), Hayman Subdivision of the West Half (W}) of the Northwest
<br />Quarter (NW}) of Section Twenty -five (25), Township Eleven (11) North, Range Ten (10)
<br />West of the 6th P.M. in Hall County, Nebraska.
<br />Together with all buildings improvements, fixlures . streets alleys, passageways easements rights privileges and appurtenances located thereon or in anywise
<br />pertaining thereto, and the rents. issues and profits. reversions and remainders thereof including . but not limited to hearing and cooling equipment and such personal
<br />property that rs attached to the improvements so as to constitute a f i,ture. and together with the homestead or manlal u,W esis. d any. which interests are hereby released
<br />and waled. 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 properly"
<br />This Dead of Trust shall secure (a) the payment of the principal sum and inlere5l evidenced by Borrower s note and or credit agreement dated
<br />having a maturity date of _ De .. 1,_ 2003 in the original principal amount o! $ 1.15,_000_.0.0__ and any and an
<br />rnddd- aborns, extensions and renewals thereof or thereto and any and all it 1— advances and readvances nereunder pursuant to nine or more promissory notes or credit
<br />agreements therein Called "Note '1.(0) the payment of other sumsadvanced by Lender td protect the security of the Not, (clihe perfor mance at l cove ndnts and agreement
<br />of Borrower set forth herein. and Id) all indebtedness and obl :. gah Ons of Borrower IO Lender whether direct inAi,ect. absolute or con) ingenI and whether arising by note,
<br />guaranty overdraft or otherwise
<br />Borrower, to oroteCt the security of this Deed of Trust. Covenants and agrees with Lender as follows
<br />I Paymartt W PrhrClPel and Interest. Borrower shall promptly pay when due the pnnci pal of andinie,esi on anoa,yl-e ch.,g.spns.4r,0m the Noteormtnis
<br />Deed at Trust.
<br />2 TWa. Borrower rstheownerof :he Property. hasthe right and authority tocon,eythe Property and warrants that the hen created hereby is a first and prior lien on
<br />( the Property. eAC @pl as may Otherwise be 4 @t fdrm her@ -m. and Me exec JtiOn and delivery of this Deed Of Trust Corson? violate any contract or other obligation to which
<br />Borrower is subject
<br />3 Tint". Assouffafft. To pay when due ail taxes. special assessments and all other charges against the Property and upon written demand by Lenae, to pav to
<br />Lender Such amount as mat b@ Sufficient to enabie 11@ Lender to pay such Tales assessments or other charges as they become due
<br />4 Minister". To keep the Property insured against da . age by lire. I.—ds mc!uded within t ^e term e,len JId coverage and omar na;a,ds as Leede, ni a,
<br />require in amw nls and loth cgmpeni69 ace @planle to Lender. a� ^, with :USS payaDie to the Lender n case t� "r a> �ndee s i. (oliciesiiorr s authorileA to aAiusf
<br />cgilecl and compromise all curing thefennde, and 6..I Ihave theiJPT,d or apply ,4._ or part .1!he v I11•erel`va 1 :
<br />order a9 Larsdar ma{ d @telmen @, : i t9 the Borr()wer in fie us@d !Or trip @pAir or rt srpral C ^! She Property .r i :r ii.:. ti I , -: i..l;r . , .., .
<br />wdhoul aftecimg the lien of in,, Deed or Trusl for I'll 'All a. - .111 -u ed 1—r;V before So, t, . par re. -t ei:tlr tr k C aco A—, , , e. _, . i -r, .s t. , !,T
<br />not ro,w'd or postpone ii -due, dare Many payments undo, this NMI "e any d titer.+ . 9,r ..r.., :, :� +..1,.. • :. -, , , . , . • �..,
<br />5 Ressiga and Compireml with Laws it fie .. ec
<br />:mpa- efn"ol wh;chma "edema 0:�.-- .I�s'.roYa1 .. i•.
<br />- y ., an :hen . , c - , - :., :: :,r. mil ®. y act
<br />dr=yor it. pt. e Pr(ye,ty she t yr C^. n, sit :,i :a
<br />nAe a`�apxid L, =.Tt .y • & -. +d r,Te at (aso „?ww ,. �a18,• :9w Pe rW�+r@rttik
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