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<br /> APPL# 001-OOO1S689
<br /> . � . CCDN 000000000�
<br /> C7�ri'r�� F�4.7�:9A4� — C7Q7�1l�V ��7i�.!"RIVL�
<br /> 221 South Lucust St.. P.O. Bax 1�09 _
<br /> Grend lsland,Nobra�ka 688�2-100g
<br /> �s����o�o � 9s�- �aQ�SS -
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<br /> ACKMaWLEDGf1lIElVT TC? nE�D OF YFiUST'
<br /> Th�undarslpnad'Trustor"a�identified in tha folbwinp peed of Y�ust,whoth�r one or �iwra,underatand that the
<br /> docume�t thay pra about to execute i�e Dsad of Truet and not e mortgage,and that the power o�cale provided tar
<br /> in ths Desd of 1'runt provld�s substanti�ily differont righte and obligations to the�2orrowers then a mortpape in tha
<br /> eve�t af a dsfault or braach of oblipatlon under the D�ed of Truat�inraudinp,but not limited to.the 8eneficlary's�ight
<br /> to have tho Proporty identifies9 In the fallawin4 Owd of Tru&t sold by the T�ustea without any judicisl procaeding. _
<br /> Toustor re��es�nta and werrants that this Acknowledgmant was axecutsri byl tham bofore tho exacutio of the Deed
<br /> of Trust hereaftar set forth. /
<br /> [
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<br /> TERRY J fiNCK
<br /> JANST K Eti K
<br /> HQME E(lU1TY E.9i�E D�rD OF TRUS4
<br /> THIS TRUST DEED msde thls ST� c3oy uf J�AY . 1996 �tw�
<br /> TiARY J BdCK �DTD J�NiT K tNCK. HUSB�IiD ahiD NIF�
<br /> hareinsfter caU"Trustor', whose ma:Ung eddress is 2021 N HoWARD AVB, aRAND ISLAND, N8 68803
<br /> ;as 'Tru�etee';and Home Federsl Savin�s and loan Associa�c@n of Grsnd I�land,whose
<br /> msiRng addresa is 221 South Locust,P.O.Box 1009, Grand Island. Nebraska 88802, ac "�aneficiary'. `
<br /> Fo�vatuabls consideratlon, Trustor irrevocabiy qrants, trsnsfe�s, conveyc snd assigns to Trustae, In trust, with
<br /> powar of ade,tor the benefit and secu�ity of Bsnafldary, unde�Md wbject to the tsrm�and co�didons of this D�sd
<br /> of Tr�st,the fa:�rwin�doscribed prapaty tocsted in �ID ISI�ND• HA�.L �
<br /> Nabrasks, to+r�ir.
<br /> IATS SIfi �6) AND 8IC3HT (81, BI+OCK SS1ib't3T8gIJ (17), UNIVSRSITY PLACB,
<br /> G3tAi4D ZSyAND. NRHRASIW. -
<br /> wQethu wttti aU buUdings.fixtwas,imp�ovemems end appurtenance�tharew�to belo��lnp,:it beinD uprs�d that i�1 s?ff
<br /> ths.forepoinp shall b�hueinafta �ef�rad to es ths'PropsRy'.
<br /> FOR THE PURPOSE OF SECUR1Nti pe�formance of esch a�rssmsnt snd cav�nant of Trustor haeln contalnsd and
<br /> th�payntent of th�principa�sum of � �T��TY ��� 4 sol�nrrs
<br /> p��s(g io,035.50 ), as evid�nad by a Hom� Federal l�ome Equity Loan Aprssm��t betw�sn
<br />° Trustw snd Bensficiary(ths"Loa►►AyreemenY),purcuant ta whicL�B��sficiary will advan�x funds to Trwtor from time
<br />- to tirtw �t the in4erest �ates e�d upon tE� terms provided theran, toQsther with any sepm w sums of mon�y with
<br /> int�csst thereon whlch may hereaftar tse pa�d or advsssced undar the terms of. this Desd of Trust, both principal sum
<br /> �+;;r�txer;thsreor�balsig payahle accordinp to ths terms sat forth in ths L.,oan A�rament, retersnc�to which is
<br /> her�y msd�. st the office of ths Benefu�aasY in Qru�d Islsnd. Neb�asla, w Qt wch other plaos ss Ba�stidW maY
<br /> desiqnsu in writinp.
<br /> TRUSTER ANO BE[Y�FiC1ARY COVENANT AND AGREE AS FOLLOWS:
<br /> 1. Warnnty of TitM. Trwto�is Iswfully�e�z�d cf the Property: has qoocf right and Iswful outhority w sefl and
<br />- co�;•r�,;tha proparty;ths prape�ty ic�sea ar�d c:a�saf a!l Qar�s end encumbraRCes sxcspt liens �ow of �eoord;and
<br /> Trustcr wiU werraM and defend.ttw titl�ta the Praperty unto tha �fustes Slld it8 auCCessors and asSiyfi��Of6v3i
<br /> apainst tha claims of ap person�.
<br /> 2, p�y��nt ot prrcip�l and lntrost. Trustor st�all punctuatty pay the p►incipal of,end interest on,all advano�s
<br /> under the Loan AQreement end wilt punctua!!y perfa+rvr aU apreements,conditians and provisions of sny othu security
<br /> irtisVument given i�connection with ihi9 trancactiart.
<br /> g, pna�rvaBon�nd �laint�nana of PropKty. Trustor wiil not commit any waste upon the Property at wil1, at
<br /> a11 tlmes, maintai� the same in good arder and condltion and wiU make, from time to time, a1! repsirs, renewsls,
<br />; �ep�acements,sdditions end improvsme�ta whict�are reasonably required to prevent waste,impai�ment or deteriore4ion
<br />� of caid property. No baitd;ng or improvement now or hereafter erected upon the Property shall be altered removed
<br /> or demolished without the prior written consenY of Benef'�ciary.
<br /> � 4. Insw�. frustor,at itc�xpensa,witl msintsin wlth insure�s approv�d by Be�eficiary,insurance with respect
<br /> a to ths improv�menu snd psrsonal property constituting the Property a9einst lois by fire, lightning,tornsdo snd otF�
<br /> � perils coversd by standard sxt�nd�coverage endarc�mont in an amount equs!t�st kwst one h�dndp�rMeat of th�
<br />� futl reptacernent vuiuu[hareof,ar�d insutence egeinet suCn othsr hazards snd in wch amount as�cu3torr�r�yr carri�d
<br /> '� 9/94 40&1
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