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ACKNOWLEDGEMENT OF DEED OF TRUST
<br />86- 17418
<br />.o11RD..11. m"D TM o"Rm •ronfa�
<br />folow"s f(Triwatone) unCmrmrld tMt no document "rat the Sonowers are about to execute is a Deed of Trust and flat If elfin"" and that the power of sale
<br />yrw,OMtwin the Dead ot Trust provieaeauaslwmMy ditimrom ngMs and obligations to the borrowers than a mortgage in the event of ■ dNaulf or breech of obligetion
<br />under "W Deed of Trust, including, but not IianMd to, the Lender's right to have the float Property sold by the Trustee without any judicial proceeding or foreclosure.
<br />BpftOnaimnt rOF we and worrant that that acknowledgement was executed by them before the exacupon of the Deeq.of Trual 'I
<br />borrtiwer ( Harold Rosenkotter )
<br />Borrower (Judith A.
<br />DEED OF TRUST WITH FUTURE ADVANCES PROVISION Rosenkotter )
<br />THIS DEED OF TRUST. a endows of ihe? 22 day of Dec . _ tg 86_ by and among the Tnutor. Harold
<br />Rosenkotter a Judit* A. Rosenkottervhosemoittngaddreasis3349 W. Capital, Grand Island
<br />(herM,t'bwrower "j. the Trustee. NE
<br />whose mailing,earast: _ P.O. Box 2 BU, Grand Island, N£ 68802
<br />(herein "Trustea") . a�njd tha 8lsnetiwry.
<br />Five Points Bank nase malting oddness is P_O_ BOX .LSO %, Grand ISlanat 'jfYerein'L rider ")
<br />FOR VALUABLE CONSIDERATION including the indebtedness identified heron and trust nerem created the receipt of which is hereby acknowledgof. Borrower
<br />hereby Irrevocably grants, transfers. conveys and assigns to Trustee INTRUST WITH POWER OF SALE. for the benefit Md security of Lender, underano subject to"
<br />toms arid contditiorat fiereiMtter set form. the real property- described in Exhibit A attached hereto and incorporated herein by this reference.
<br />Tog~ wire all buudings improv meets. fixtures. stfeers. a;teys passageways easements . rights privileges and appurtenances located thereon or 'n anywrse
<br />Patterning merafo, and the rem _ issues and Lrofns reversions and remainders thereof including . but not linirted to nnning and cooling equipment and such personal
<br />property that reattached to the improvements so" to constitute a fixture and together with the homestead or marital interests. if any which interests are hereby released
<br />and wowed: allot which, including replacememsand addit+Orys thereto isherebyo> taredtobeapartofthefeatestatesecuredbytheitenolthis Deedof Trustandeaofthe
<br />foregoing being referred to herein as the - property
<br />This Dead of Trust snag secure Is) the paymam of the principal sum antl interest eytoencec by Borrowers note dared _ December 22, 1986
<br />having a maturity daft of June 22, 1987 ,n the original annciaal amount m s 70,, OOO . OO and any and all modifications. extensions and
<br />mnew Nthwo&or"wmosnoany and all future advances and readvances hereunder pursuant to one or more promissory notes (herein called "Note") (b)thepaymentot
<br />other sums advanced by Lender to protect the secunly of this Oeen of Trust with interest thereon as provrOed in the Note. antl 'c i the performance of an covenants and
<br />agreement of Borrower ant forth herein
<br />Borrower, to protect the secunty of this Deed W Trust . covenants and agrees -Ti" Lender as "Howes
<br />1 In WW NN 04 Prime" sad Informal. Borrower snit promptly pay when due the pr+ncipai of and interest on and any tees or charges provided In the Note ono this
<br />Dead of Trust
<br />2 TIME. Borrower to the ownerof the P•oper•,y lies this ngnt and euthority to Convey the P'QPerty and warrants that the lien created hereby is a first and ancir lien on
<br />me Property, except as rely otherwise be set forth pit Exhibit A hereto and file execution ano delivery of this Deed of Trust does not violate any contract or Otherabligabon
<br />to which Borrower a Subject.
<br />3. Taama. Aomm=wAa. To pay whin cue all takes special assessments aric at! other charges against the Property and upon wntlen demand by Lender . to pay to
<br />Landes such amount es may be sufficient to enable the Lender Io pay such taxes assessments at other charges as they become due
<br />a. •rtataMw To keep me Property insured against damage by tire riazards mciuded Wilnin the term "extended coverage' and such other hazards as Lender may
<br />requNe• in amounts mo w1th contponaa a ptabie to Lender, ano vim toss payable to the Lenoer in case of foss under such policies. the Lender its authonzed to artfust.
<br />collects d compromise, all ctamesthereundev and shall have"option of applyinv all oT part of the msurariee proceeds it) to any nn lebtorress secured hereby and in such
<br />order Os Lender may determine, (11) to ten borrower to be used tot the repair or resrOrateon of the Properly or (irt l for any other purpose or object satisfactory to Lender
<br />wi"rodtaloCin g "Ill hen of this Deed al Trust for the full amount secured hereby before such payment ever took Vince Any application of proceeds to indebtedness shall
<br />notaaflarld Or Postpone ten due date of any payments under the Note c• cme any oefault thereunder of t•zreunder
<br />S. fAmfaasaamm ftlapeb and CompOnwbm wish laws. Sofro— snaii keep the Property in good condition and repair, snalf promptly repair, or replace any
<br />ernprovenNnt Mauch may be damaged or destroyed'. snap not commit or permit env waste or deterioration of the Property shall not remove demolish or substantially Otter
<br />any of ten improvements on the Property. antl not commit suffer or permit any ace to ee done in or upon the Properly in violation of any law, ordinance. or regulation. and
<br />~pay and prOmpOy dischirgeat Bonowert cost and expense all liens encumbrances and charges levied. imposed or assessed against the Property or any pan thereof
<br />4 ffm* Mil DomMikL Lender is hereby assigned ant compensation awards damages ano other payments or relief (hereinafter - Proceeds' l in connection with
<br />condemnation or omertaking of the Property or part thereof pr tort COnW_ydM1Qe +n ?ieu Qf cpnoemnetrnn L- ender shalt be entitled at its option to commence, appear in and
<br />PrOMCUtS in itm Pont name any action or proceedings . and ano:' also be entltlec to make env compromise or setttemilinl in connection with such taking or damage. In the
<br />event any portion of the Property is so taken or damaged. Lender shalt nave the option —Is sole and absolute discretion, to apply all such Proceeds, alto deducting
<br />merafrom as costs andexpermos incurred by ,t in connection witn such proceeds. upon any trtdemeoness secured hereby and ,n such order as LenJer may determine. or to
<br />apply as such Proceeds, after such deductions, to the restoration of the Properly upon such conditions as Lender may determine, Any application of Proceeds to
<br />mdmblldrleea Oheil not tndend or postpone the due date of arry payments under :rte Note or cure any default thereunder or hereunder
<br />7 PMfanota —iy Lasseter. Inthe event of Borrower s failure to Perform env of the covenems nerem or make any payments required hereby. or it any act is taken or
<br />IgWpr0000dirtgcomffmr cadwhtchmaanaayaHaCa Lem*"S,MeMill,itle PIOPeny Lenoer may ^n its own discretion . out without obligation todo so . andwithoutriotice
<br />toordoMridUO iiBorrowerand without "Nanning Borrower from any obligation do env act wn,cn the Borrower has agreed butfails to tlo and may also Costly otheractit
<br />doom fracaaaary to ptoMCl the security hereof Borrower shall immediately upon demand ineretor by Lender pay to Lender all costs and expenses incurred and sums
<br />expanded try Lender in compection wort" exercise by Lender of the foregoing ngnts together wire interest thereon at the rate provided In the Note. which shall be added to
<br />Iola mdablodness secured hereby Lender shall not incur any Pe'sona: liability because of anything i- may do a, omit to do hereunder
<br />9 Ewarats of DelaelL The f Wtowtng shah constitute an event of detauh u,der m,s Deee of T rust
<br />(at Failure to pay any msialimah: of principal or inlerest ---any otnef s„m secureo hereby wrier, due ,r'a ^lure ro Pav when c.a a! y Wher mdebteoness o;
<br />Borrower to Lender
<br />fb) A breach of or default under any provision conla,neo in fne Note tn,s Ceed o• Trust any document which secures the Note. and any other
<br />Encumbrance upon the Property
<br />(C) A went of execution or attachment or any similar process snap be entered against Borrower which shalt become alien on trie Properly or any portion
<br />Therect or Interest theeem
<br />Id: There snail be Lied by or aoamst Borrower an action under any present or future feoeml state or other statute law cr renuidhon reteung t0
<br />bemiruptcy. insolvency or coax rehot f or debtors or there shall to appointed any trustee. receiver or liquidator or Borrower or of allot any part of ors Property . or
<br />The rents. title{ or pfO {ts thereof, Or Borrower shall make any general assignment for me benefit of creditors
<br />(ol The sale- transfer, seargntnent, conveyance or further encumbrance of at, of any part o �+ y,y i,ili,fest in the Property, either voluntarily or
<br />involuntarily wihiOUT the express wrrhen consent of Lender
<br />it) It borrower is not an individual. the Onto transfer, assignment, conveyance or enctimWance, of more than _. percent of (it a corporationt its
<br />ifmuad had dutsUwKW g stack or (It a pannershipl __ percent of partnership interests
<br />q PW=Odb t Acookwa ere Upea Daselli. In the event of any Event of Default Lender may declare alt mdaoteciness secured hereby to be due and Payapie and me
<br />MM atoll "Mt'supOn bOCOr1M due end payable witnoul any preapntm t, demand V rOtest or notice of any kind Tnereatter Lender may
<br />Ill) Demand that Tra .taeexerpat the POWER OF SALE gramtd herein. ano Trustee shell thereafter cause Borrower s'merest in the p.openv to oe soid
<br />Mind the ProtxlAS to be dHtr bua0- as in ten manner provided in the Nebraska Trust Deeds Act
<br />(bi EMWI in parson or by agent with or wrtho t bringing any action or proceeding of by a receiver appointed by a court and vitnow regard to the
<br />W inn Mi.erirny. omen upon a,d mkt posaasacon of the Property nr My pan ttrerept, to its own name Cr rn me name W the T rif5lee end dC anY ects wn,cr
<br />it Oeeeat necessary or om mble to V""'" the value makelatHhly or renSapility of me P•otiertY n• part mere hf or interest nerem ncreast the Income
<br />lnereltorn ter PtOtmCt fns seeunfy IlerMiM Md. wire Of wttnout taki. ^.g pOastaZ+on Qi Tha Prd'.Nirty sui' fn• pi otherwesE! ColitCt 7ne rents ,9au@s finit prOltiS jharOOi
<br />ixWdingfnwetawtO +,tend unpaid. aryl appal the aalrne less Qpstaano expenwaW Operation aria cofiectien •nr,;udl ^g ehbrneys tees upnn why mdebrgpness
<br />taetixsiO rnrtmM, Nt M al,cri order p Conover they deterrmrle Tour. entering upon and faking possession Qt the PrnTN"rty Litt co:Jwctipn o' wr.n reins Lexica end
<br />prefmwv ten apphraffon msrwpt an slonotad, shell not cute or wane any detain or notrc,i of defaun her "ode, or LoralidwtP any aLt ncr+r ^n response to our
<br />raeyl,n w OVrwaMl to sy,ch rsotipe OI iflNava and nOtw!mslendrr.g tfye COntfnuanQe m pOSSession P1 the P.operfY O• +rte roitetl:p^ rK p1 E,C apN�-at +>r. nr
<br />rants atnues uT prolm Tnwoo o, ;eritfor sr.Ni be enlrtie0 to erlic +ate every right prpv,d: a fr.,• .ra fry Gr frw : ,a^ iny- +,.- ,an. -s o• try raw Inc— ac .:.,•w ^,re .•, anti
<br />srrnm >M dafai,h, inetu0;ng fife rirzhf to. esercxse ten iDpwnr of ask. and
<br />8Gf Cgmtyrtae M iGtRar to 1rynCipOi rnq L1naA 4f T rpai 9t a mrMgsgv wig ' a rnsrr+s.^ o, aY*M- '!'<:ao. Rr4^r cw env ,' tl+e cc„rwsn -s ^ere.!
<br />act rmrrlMidV Mier'nS- %#nfereaq bpgn err rtiiywaM 7s Trukfwti gr LxvNtM wi anlenl3W SS; ire exzius =.+'o' ant rtThei =em..P u-., -a u.� =.rive .,i ;.vn+i iwrl ,.. s.ia•. ..
<br />e"A. kilttM iN�i Lb ^r, i44SENii4+i !di iFM*Y ivfna• "bf^Prty wMiln iVrets+�.'�Nfe .. ....,jr Tr °eM•t'RfTPr ni.EEn,s aI aw i> „c. . , a a n. a, t,f are �«i., o
<br />adapainaoinK, 4Y lcrCY:,wae "Noy ..
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