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<br /> � ��j . ACKNOWi�D�E�i�NT OF DE�D OF TRUBT 92- 1�0 3 4? -�_
<br /> �x TRUBTOR FiEAD TH�B BEFOflH BNiNIN[�: �-�-
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<br /> � ��•�' T�uttor undKW nda tl�t tha dasunNnt th�t Trul�tat 1�abaut b�x�autA�A�pNd o}Truq�n4�ol�rtaR�and th�t tM pown ---
<br /> ':�r �,l,,�'y''�.'"�'. � ol wls provfd�d for In the Desd ot Trusf provldss wbapmtl�lly 4UMren1 rlphtA�nd obli��qont W Tru�o►th�n�mor1WY�In iM w�nt �,_ T`
<br /> s °/�--�+�a_.�- of a d�lault or breliCh of oblip�dan undar th�pead of Tru��InRIuAl�p,but nAllfmit�d to,th� r�ler't rfQhl tq hav�th�PrOp�A�r sdd ��:-.e,-.
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<br /> , ��-^•• �:.. by the T�ustM wfthout�ny Judicul proa�dinp,Tru�tar r�prenr1q saQ" mnb tNat knowl�dpenMnt wN1�x�auted by
<br /> --�.. . , T►u�tor bNon tl�e�x�audon of th�DYOd of Tru�t. • -_---
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<br /> � D@ED OF TRUGT WITFI FUTURE ADVANCES dz"°"�"��-�
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<br /> . . � TFI�S D@ED OR TRU$T,fi made as of ma 19th dAy ot Jan. , 19� by end amAnO �'�~'" -
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<br /> " .� qw Ttisror. Ran�ld C 5hulla� i Or Nqc*� J Shulla� Yros , hu�b�nd �nd •i�i� ,
<br /> .". ...�...^ • . �r•�lj�,_nv`s".
<br /> " � �,.�w . :.• 7YB B B��w�rk tir�nd I�land Ne 68801-8�7
<br />, :��;�•' ..�.� '`,h , whoma rtullinp address i� (henfn"Truator:'whether ona a moro►. �:�''=' _-
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<br /> .�1; _,w� �"�� . Fiw Poiatt Bankr a NQbraoka Cor or�tion . �: ---_ -
<br /> � � the TrwWe. p `�+��:�,��
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<br /> . P.Q.• Box �987 Rr�nd I�l�nd. IIE 69802 (hereln"T�unee'1,end ,. ,.,�_ �v
<br /> • whase mpilinp eddress is
<br /> n Fiw Points B�nk '`� '
<br /> •,,�'; , .' the Benellciary. , �.�Y —
<br /> °".,a p.0, Box 1307 Gr�nd i�land. NE. 688��-1587 �'���;•
<br /> . whoso rr�ilinp eddress I� (herein"Lendor'�. �.�Y��---``•-
<br /> � Ronald C Shullav �•-';1�^�.�--_
<br /> � ' • FOR VALUABIE CON31DEFiATION,includinp Lender's extenslon ol credit Identllled heroln to _ °` '�
<br /> ' i Or Nor�� J Shu11�M Mro� `"-�����
<br /> •� (hereln '•8orrower",whether one or more) and ihe trust herein creatod, '' •.�;,;� , a
<br /> " the recelpt o}whioh is hereby acknowledped,Trustor hereby ir�evocebly yranls,tranafers,conveys and assfpns to Truatee.IN � •
<br /> � TRUST,WITH POWER OF SALE,tor the benelit and seCUrity of 4ender,under and aubject to the terms and condidona hereinefler wt ±.ii+bi�^�-~-
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<br /> �'� ��1`j �1��� �i��A��'LUTNERAN CHURCH SUBDIVI�ION, AN ADDI7'IOA TO THB �`�__
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<br /> ., ,,t CITY OF �iRAl1D ISt.A�iD, HALI. CDUMTY. NEBRASIIA. ��
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<br /> ' ' ' Topether wHh all buildings, improvements.Iixtures,atreeta,alleys,passayeways,easements,rights, prlvilepes and appuhe- �T?!��`=�``
<br /> r �• nanaee located thereon or in enywise pertelning thereto,and the rems,issues and prolits,reveralons and remalnders thereol,and :��,w
<br /> ' • � euoh pereonal property ihet la attached to the fmprovements ao as to constilute o lixture,includlnp,but not limfted to,heatfnp and � �� ,%_-
<br /> 2 „ ca011�p equipmen�and togather wlth the homeatead or maritel interests,if any,which interests are hereby released and waived;ell
<br /> " �:.' of whiah,Inaludfnp replecements and edditbns thereto,la hereby declared to be a pa�t of the rael eetate socured by tha Uen of fhis F_-��.---_,"
<br /> ' � " � •� Deed of Truat and all of the foreyolny beinn.efe�►ac+��hP�e�n e�the"Property". �-�:rr,��:,
<br />� This Deed of Trust ehall secure(a)the payment ol the principel aum and interest evidenced by a promissory note or cradlt <. *.-
<br /> , t ayreement deted J�nu�ry iSth 1992 ,havinp a matur�y dete ol Pebcuary lst 1997 . '�,,',._,�`
<br /> 2S.000.00 �-2��t� :..':
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<br /> In the original principal amount ol S- ,and any and all modificationa,extenslons and reneweis _
<br /> '• thereof or thereto and any and all future advences and read��ances to Borrower for any o1 them if more than one)hereunder ``ti���,�:-
<br /> • " pursuant to one or more promlasory notes or credit agreements(herefn called"Note"I:(b)the payment of other aums advenced by „, . ,.J�
<br /> j lender to protect 1he secur ity o f t h e No te;(c)the performance d al l covenants and a greements o1 Trustor aet torth herefn;and(d)all �r�� . _
<br /> 1 ; u ° p�eeent and luture Indebtedness and obligedona o(Borrower�or any ol ihem if more than one) to lender whether direct,fndirect, _
<br /> • abeolute or contingent end whether arisi�g by note,quaranry.overdratt or otherwise.The Note,this Oeed ol Trust and any and all
<br /> -• " • � oiher docuents that secure the NWe or otherwiseexecuted in connection Iherewfth,including wlthout Ifmitation yua�enteee,seCUrlty . .:�;;;:-:_
<br /> ' „ eyreements and essignmenta of leases and rents,shall be referred to herein as the"Loan Instruments". � �
<br /> . Truator covenants and egreea wHh Lender as tollows:
<br /> 1. P�rrnNtt o1 Ind�bt�dn�s�.All indebledness secured hereby shall be pa�d when due.
<br /> 2. TMI�.Trustor is the owner of the Property,has the nght and authqrity to convey the Property.and warrants Ihat the lien
<br /> creeted hereby fs a first and pria lien on Ihe Property, except lor liens and encumbrances set loNh by Truator In wtitlny and ;
<br /> dellvered to Lender before execution of this Deed af Trust.and Ihe execution a�d del�very ot this Deed of Trust doea�ot viotata any
<br /> '' ' COMreCt Or other obllgetiOn IO whiCh Truslar�s sub�eCt. ,
<br /> � 3.T���s.As�s�m�nb.To pay belore delinquency ali taxes,special assessments and all other ch8rgea aqainat the Property , ��'
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<br /> . now or hereaRer levied. . , � •
<br /> � 4. Inw�enCe.TO keep the P�ope�ty�nsured agumst damagc by hre,n�zards mciudQC1 w�thui ihe lerm"extended coverege",end
<br /> • suCh ofher Aazards as Lender may reqwre.ln amounts and wdh compan�es acceptable to Lender,naming Lender es an edditional
<br /> �' named insured,with loss payable to the Lender.In case of loss under such polic�es,the Lender is authonzed to ad�u81,collect and
<br /> ;� � '� compromise,ell clefms thereunder and shall have the option of applymg all or parl of the insurance proceeds(i)to any indebtedness
<br /> �...;,
<br /> ���, ;� aeCUred hereby and fn such order as Lender may determine,l�Uto the Trustor to be used for the repa�r or restorati0n of the Property
<br /> or(fli)for any other purpose or abiect satisfactory to lender without affecUng the I�en ol this Deed of Trust for the full amounl secured ;
<br /> hereby before such payment ever took place. Any appl�cat�on of proceeds to mdebtedneas shall not extend or postpone the tlue
<br />� date of any payments under Ihe Note,or cure any default thereunCer or hereunder.
<br /> . _. ..�„ ,.w.„ .I e...�nr muv Aomnnntn ¢��Hirwnl
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<br />, �. uGrow.upon wmiieerr dawne iu ur �a�wa�. ���bi�r o�.o..Mo�...�o.................................,._....__. ...-• ----�- -'
<br /> sums l0 enable Lender to pay as they become due o�e or more of the following:(i)el I taxes,essessmenta and other charges against �•
<br /> the Properry.(II)the�remwms on the property msurance requ�red hereunder,and(iu)the prem�ums on any mongage msurance
<br /> tequired by Lender.
<br /> 8. Mdnt�nanc�, R�p�b�and Compll�nc�wlth Law�. Trustor shall keep Ihe Property in good condrtion and repa�r, sha�i
<br /> ' • p�omptly repeir, Or replace eny Improvement which may be damaged or destroyed. shali not commit or permit eny waste or
<br /> • delerfOration ol the Property,shall not remove.demolish pr substant�ally alter any of the improvements on 1he Property;shall not
<br /> eommtt,sufler or permit any ect to be done m or upon the Property m v�olotion ot any law.ordmance.or regulat�on,end shall pay and
<br /> promptly diacharge at Trustor's cost and expense all liens,encumbrances and charqes lev�ed.imposed or assessed agamst the
<br /> • PropeAy or any part thereof
<br /> " ; 7. EminMt OOmaln.lender is hereby assfgned all Compens&bon,ewerds,damages and other payments or rel�ef(here�nafter
<br /> "Proceeds")ln Connection wlth condemnabon or other tak�ng olthe Property or part thereol,or for conveyance�n I�eu ol condemna-
<br /> �� tion. Lender shall be enUtled at its optlon to commence.appear�n and prusecute�n its ow�name any action or proceed�ngs,and
<br /> � Bha11 alw be ennUed to make any comprpm�se or senlemeM�n connectlon w�th such takmfl or damege In the event any poH�on of
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