|
ACKNOWLEDGEMENT OF DEED OF TRUST f"
<br />3 104670
<br />EDRItD9fERE READ THIS sEfORE EIONINtk
<br />- Borrowers liTnrstors} understand that The document that the Borrowers are about to execute is a Dead of Trust and not a mortgage and that the poster Li 8410
<br />provided to' in the Deed of Trust provides substantially different rights and obligations to the Borrowers than a mortgage In the event of a deNuft or breach Of Obligation
<br />- ,under the Deem of Trust . mciuding. but not limited to. the Lender's tight to have the Real Property sold by the Trustee without any judicial proceeding or tOrectOShre.
<br />- Plorrowers represenf and warrant that this acknowleegertenl was executed by them betOte the execution Of the Deed of Trust.
<br />Borrower }
<br />'7 /
<br />��t,.�z:.�;����
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION
<br />THIS DEED OF TRUST, is Inside as of the �..t 'd «Y of .�--5 t - -.. 19�' _ . by and among the Tmustd . _...,.___..�
<br />Ronald r alts and Lech f'').. KrauSS wrest madmg add ass rx �OX 1��y_QOfl2�t1�T1, NE b8��2_YT
<br />.. ..__.. _ . _
<br />therein °Borrower 1. the Trustee .. Le_kand 8. Jones
<br />whose mailing aid ass m, .. (_ t . i AUI'QLB,_. _._._ __ (hbfein "Trustee -), and the Beneficiary.
<br />fTRST NAT;ONAL BANK 0F. M/�RQJt?7FO3emadegaddesga .._....r?x_�,_�arguetteL Nt,bB$54 (herein "Lender")
<br />—.....
<br />FOR VALUABLE CONSIDERATION, mcludmg the indebtednessidenitfro l herein and trust herein created. the receipt of which is hereby acknowledged, Borrower
<br />Sby,revocabfy gremlf transfers, conveys and assigns to Trustee, IN TRUST. WITH POWER OF SALE, for the beiref t and secunty of Lender, under and subject to the
<br />terms antl conottions here,nafter set forth, the real property descrtbed in Exhibit A attached hereto and Incorporated herein by this reference -
<br />Togefher w,tn a,i buhdrngs. "mpmvements, fixtures, alreetS. albys. passageways eaaements, rights. privileges and appurtenances located thereon win artyw(se
<br />pertaining thereto. and the r..nts.:ssues and profits rev«rsrrxss acrd rcrrsaissders ftx!reOt'. rrccludmg. bast rxlt hmdad to gnAhng and cooitng equipment and such personal.'
<br />prop" that is trachea to the improvements so as to constitute a Fixture, and Together writ, the homestead or marital interests, it any, which interests are hereby released
<br />- andwarvsd.allofwhich including ASOlecemems and adoitions the by reto,is here declared to be apart Of the real estate secured by the lien of this Dead of Trust and all of the
<br />foregoing being re /errad To herein as the "property_ - _
<br />This Deed of Trust Shan secure roil The payment of The onncipal sum and mfaretal e*denced by Bon ceveis note dated _AQQU-4 16, 986
<br />Mvmp a maturity dale of Ma LC1'1 � 1987 . _ -- . In tic angvnor per uhsi sirotinT of S ., {'r .043. 10 — and any and all m lddfosbons, ffatensions and
<br />:.'renewals (hereof or therein and any and all future advances and readvandes in!reUniter pursuant to odic or more promissory notes ( nerein tailed "Note"). (b) the payment of -
<br />-enter sums advanced by Lender to protect the sacurily of this Deed of Trust wnm mtereaa threraon as provided in the Note, and (c) the performanc,iof etl covenants sod
<br />agreement of Borrower set forth ,"rain _
<br />Sonrower to protect the Security of this Deed of Trust covenants and agrees, with Lender Aa follows
<br />t. raymanid PMtelyai and /nlereat. Borrower s »Sid pramptH pay whin Oua fifeprinCip #; of.aria intarast on. and any fees or charges provided in. the Noteor in enis
<br />Dated of Trust -
<br />2 TFlN. Borrower is the ownerof the Properly, has the right and siontoretye. corxey in, Property- and warrants that me lien created hereby is a first and prior hen an
<br />-tire Propeny.except as may otherwise Oe see darn an ExhrbrlA hereto SAO ire eaeCUhryn and dervery of this Dead of Trust does not violateany contract or other obligation
<br />" to which Borrower is subject -
<br />- 3. Tasea. Aaeaeeeeents. To pay when due ail taxes. special assessmants afro au pined charges against the Prop" and, upon wfrten demand try lender. to pay to -
<br />Londet Such amount as may be zutftC nt to enable the Lender to pay h, rases, aaseasmrmts or other charges as they become due.
<br />4. (nsee arse. To keep the Property :nsuleo ag mat carnage by fire- hazards r*GhXfad within The term "extended coverage ", and sixth other hazards as Lender may
<br />requere, in amounts and wan companies acc4ptable to Lender, and and, i0ex payable tC"Lender in care otiose under sucn polices. rte Lender to authorized to adjust.
<br />-- tolled and compromise. all claims thereunoof and anan nave the opus.: of s5pry -rig so or pall of two insurance Proceeds tit toady mdebtadnmfts secured hereby antl TA —0i
<br />- - Order "Lender may oeferrn,na, i"it to file Do—", tube used TO, rooliz, .r., leafc,ation of the Prommy !,n) for any other putpose or object satisfactory to Lender -
<br />�without affecting the lion of in., Dead at Trust for the f Wt al -ourtt sea urtd hereby before such payment ever look place. Anyapplicetuon of proceeds To imdebtedneaa Shaul
<br />'!hot eatehd or postpone the due date of fury payments limier ter Nate, or tore any detaufr tnersomder or hereunder - S. Motn*naeee fie" a and Como( wide Laws, Borrower shall keep the Properly in good condition and repair, shall promptly repair, or replace any
<br />Improvement which may be damaged of destroyed shall no. ccr. t o, parmft any waste at dfnattpf &fidfi of the Property shall not remove, demolish or substatHFN)y&Flat
<br />arty Of tea improvements on the Property shaitnOtcommtt, suffer or perm =1 Any aft to" dorKi a or upon the Property in vloletichof any law, ardmande. of regulation; and
<br />Shall pay and promptly discharge at Borrower i cost and experts eu Gans. WicurrrW thistles and ofo uges joined. Imposed or assessed against the Property or any Pon thereof
<br />E, Eadnent Domain- Len at ,a hereby assigned au cormoem oluon, awfrds. damages and other payments of relief ("minnatter -Prpove W) in connection with
<br />- -condo mttion or other taking of tea Property a +parr ftralaal.. i3rf0rcQnyeydf+Sfe In itai.farr_:tkttdemnatfon Lamtlef srtbn b9antitiad Hills OplimtlO LdrTfinende, appear to and
<br />Prosecute in its own name any action of proceedings and shah also be entitled to make any compromise or settlement In connection with such taking W damage to the
<br />event any portion of the Prapony rs sa Taken or daihagiF3 in ns s-e and ap«otute discretram to apply all such Proceeds. meter deducting
<br />therefrom an costs and expenses incurred fly 'tin connecholi wim lu-ch proce irds- ition any Irdebteariess secured hereby and in such order as Lender may determine. "TO
<br />.. apply an such Proceeds. ahem such deductions, fa the nmILeaton of the P,GpeAv ufruh socC conditions as Lender may determine. Any appncaGon of PTOCeeds to
<br />indabletedrystes shall not extend or postpone int# . due dtita of any payments undo' tore Note, of crate any, dolauit thereunder Or hereunder. - -
<br />7. Performance by Lander. In the event of Sorlo —if tirtura to perform Anyof fee covenemaherain of make any payments required hereby, or it any act's taken 0r
<br />1&gel proceeding commenced which mater,any stlects Lender s ouarmwst rn the Property. Lender t hay °n its own dlscfetion, but without obligation to do so and wdfroul not"
<br />tour demand upon Borrower and without releasing Borrower Iron any obligation daeny act whin the Borrower has agreed but tads todo antl may ata0 chatty otryor tia n
<br />'deama necessary to protect ire security h«rg"01 Bono— shalt immod koliff, ,:Iram demand therefor by Lender. pay to Lender all casts and expenses incurred and suats
<br />expanded by L anderin connection with the exercise by Lender, of the fonag0vngnghts togelhet with interest inarean at the rate provideorn tit« Note, which shalt be added to
<br />the indebted nfnsa secured hereby Lander small nor :nc,.r any persicnat nobility L%lCause of anything it may do Or Omit 10 do hereunder.
<br />S. Eiden of Defeu . The fonowtng steal" constitute an event of di feu P, under this Deed rut Trust
<br />ial Failure to pay arty "nstAnntenl c f Pnnclual of nterefit or any otrWrSun, seture0 nereby when due. or failure to pay when due any othermOstredness of
<br />-- Borrower to I endor,
<br />to) A breach of or celsult unot, any pmo rsron contained m ere Note this Deed of Trust, any document which secures me Note. -and any omen
<br />encumbrance upon the Property.
<br />(c) Awrit of execution Or ail »cnmer?ior anyfunietar ptoce3a snarl be entered against 80110wer Which Shall becomes hen on tie PIOParTY Orany porhan
<br />Thereof of interest Therein.
<br />to) There shall be hied by Of against BOrfOwef An achorr under any present or future federal, state or other statute, taw or regulation ratating to
<br />bankruptcy,invYl" Cyorotherreimffordablora or that* Shall be tipponttedanyintsfua. receiver Of liquidator of Borrower or of all of any "not ilia Property al
<br />file moms, iDSU«A A, profits Intmeof ar Bonner shall make any general aiaignnient for The benotn of ctadilofs
<br />Is) The Sale, transfer, AS.,gn -owl _ conveyamce Or lu,ther enC :umtS —o at ah Or any part of or amy interest rut the Piapony, cattail yawntanly at
<br />-- - l Olon,anly. wltnOot the express wntlen conSfrnl of Lender
<br />(f) If Borrower ra not an nto d.s,, ilia sate, himulfbr, aA #rgnmeht. CFrtvbYanCb Qr enuumGrence ql more than .... ... .... .... percbnl Ei f.Of a �",P1 dti n -f eta
<br />fsfued antl outstanding stock or (if a partnership) _ _..,..,__. percent Of partnership interests
<br />9; Remedlae; Aa"Wittl n Upon ONWR, In theevent o3 any Client of Defaur Lender may Declare ah fnd«ot«drrasf sapured hereby to be due -end pay&Glearrdthe-
<br />sett! seep unareupon beaimee due and payable without Any pre,- -titi m! namand, protest m n i tm- of Any kind Thma -aftot 1$rifat may
<br />(a) Demand that Trustee exercise the POWER OF SALE granted hetom.And Trustee shall thereafter cause eo,rower'a interest in Ina Property to be said
<br />_ and the proceeds to be distributed, ell in ins manner provided In This Nebraska 7 tuft Deeds Act,
<br />to) Either in person or oy agent, with of wthout bringing any action or proceedng, at by a recemar appointed by a court and wdnoui regard to the
<br />adequacy of its security, enter upon silo take possession of the Properly oranypanthereof Inds ownname Orin the name of the Twalae, and do shy acts -t-11
<br />It doming note «awry of dositable to preserve the value. marketability 0r ronlabrhfy of the Properly_ or pert thereof ill Intafeat trials,., ,ncreaso the "ncame
<br />Ih«fofrom of piofed lthe sat urity hereof still, with 0, without taking poseassion of the Ptopeoy, sue Ion Of olherwlsa collect the, ante "sauas and ptahts feeM01
<br />- ifictuding those past duo lindunpaud. and apply the Same. less costs andexpan &ea of operation and collection Including Attorneys tees. upon any +ndaat «ores
<br />IseC,ifed noreby, all in such order sa Lender may determine The entering upon and takrhg possolmon of the Ptopeny the Co11MAsoit ill sirc. rails taso.w and
<br />, ;,I* and the application thereof as sforasa)d. sha4 notmuteor*Alto any de fault 0, notice of default ',Around.( lrimyandate any no don« In '.$Pon" to am,h
<br />de,fa" t, Tar punuanl In loch nghra of dated( xArt nmwnth.uh1ding the rspnbnuanea uI Possession of the pmparty Tar rte solt+h, bon. locinpt mint App,"vauon of
<br />rents InsUOS err p, nlns Insure or t ond«r, That, to entitled to eve(a'" ovary tight P,ovided h), an Any At isle {.,r)a"t Inatf Ylmemrs nr hl !A* 1tjillr: tiCCe)+Prata tit Ally
<br />OVOT0 ref 0mVIif inrtuemg In« right lu areff.IM+ ilia pods «I inf sett. and
<br />- .. - ,&ni ne . an ar.t —x h, fara0rirse fh�T Dealt of Trust «a a mortgage. aPtil a rT"te +`tot qr +US=.- ,t: {adiy ar;rnrrn ar;V rd inri ^rveMenfq ntl"eai
<br />No Hrn'edy ne+A" -," 4a'"a=A_:(.K,.+rrr"aafaan tl"IruNgout i,anrfer ii rnlandail tw tle «xElhalre of cony ,rlfw + +'e 011.tni.'nil1Ft }tads ar := :'- Iq- )r ? +1 "n.mrtfa"`; k�.:t rile I'N "A "f•t"
<br />S on"fgrive '1w, A. mte,, `)ti, r -ty g,'ran hbr ail A Tay, It nn* +3r hernanler a -I'r+� xtl l� W - n,A.1"t,ly art t'Y xl ar,rlA rr, "i «,AY teeA ., zfftl a •.i. - e..
<br />indepanrler.i o ,., § „�_ beT y - r
<br />
|