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<br /> ~ ��' '�` `� ACKNOWLEDOEMENT OF 08SD OF TRUBT
<br /> �'=;�sa:���_� .
<br /> � ��'� �' �QO
<br /> _�;�;��'�'''" � � TRU$TOR REAO TH18 BEFOFi�810NIN4: 9�- �4 9
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<br /> -°�,R, • '�,r.�.�� Tru�tor undonLnd�fh�t thn daoument that Trustor Is about W ex�auta IA a Daed ol Tru�t snd nof a mortpap�and that th�powK
<br /> •-1�t�� ,' of ul�providod tor in th�DMd of t�uat piovidai�ubsbndally diflarent rlyht!and oblipatlon�ta Trwtorthan�mortp��In th�Nnnt =
<br /> , �;:,�,�_, ;,':;; of a dalault or breach of obllp�tlon undur tha Deed of Trust,incl udinp,bul na1 Ilmlted to,the I.and�r'a rlpht ta hw�th�Prop�rty sold �_
<br /> J n b�th�TruttN without any judlaial.prqaae4lnp.Tru�tor reprownt� and warrant�Ihol thlo aoknowl�dpement wa exeouted by �___
<br /> `�`'���'� - Tmstor bslon tM�xeautlon at thn Deed ot Trust � � ��_
<br /> -�°:�=---��;:::.'I;^ ��c��t'c�X �•���,....._ _ �=--�__-
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<br /> a (�Fltlll M. J ) Trustor —
<br />�._N.�;,:4.�'S' n •� --
<br /> r.i�•�.�4::.�-�!. :: —'__
<br /> � . DEED OF TRUST WITH FUTURE ADVANCES -� --
<br /> '� �� • ='` �� v_.
<br /> . .t ••�.�' ' THIS DEED OR TAU87 ie made ae of the��l—day ot Ja.nLe-''`� .1��.�by end emonp _
<br />:� � .- 8'•,�4.,r'-��`' 7 T A Qlai"L`�� A11� �'nm9 M -7whwo�n� h{Q v�fE 1��....
<br /> ths Trustor� K�rc � ehnsen, �BGn ��-"--
<br />��,- n.+� �}'"' s�'�• . ''rp �7p��pp/►q '
<br /> }... �� �r•.-., i'• t 2915 Haru:ock Pl l�� I8LQ1M a��+VW�J �`---
<br /> y� '���,;�c '��. whos�mallinp oddrssa ie •� � (her�fn"Truotor;'whother one�or moro), �. 4__
<br />�.`' :"�":�'s�'.'�`',fi; Five NoinGs Bank� a Nebraaka Cort�arattion . �`!'::_-_-
<br />,�r,: ..., . „ the Truste�, t�-.�
<br /> 4�� ' + A��c •.� .•^ '���. whose maBfn�addreae ie P 0 �x 1507. GCand Islsnd• NE b6802-1`.�07
<br /> (ha►eln"Trustee"),and � •��s-�='
<br /> �` n,.:..«e ��. ,
<br /> • the 8eneficiary, Ff••° �..�.::�
<br /> n .,, whq�e mailinq addresa Is ^�-.; t�'Zr. �'At'1('� TA�Afl[9F,y tiApn�_��m (herein"Lender'�. ����-
<br />; " � .� obert J Johnson —
<br />� FOR VAt.UABI.&CONSIDffRATION,Mcludinp Lender's extenalon ot credit IdeM►Iled herem toR �_--
<br />� � �� " ` (hereln"Sorrower",whether one or more)and the trust hereln created, —-----
<br />��' ' tha raceipt ot whtah ie hereby ecknowledged.Trustor hereby irrevooebly grants,translere, aonveys and asaigns to Trustee, IN _
<br />� tRW8T,WRl9 POWER OF SAI.E,for the benellt and secur�ty of Lander,under and eub�eot to Ihe terma ond condltions hereineRw set ��
<br />;;T.:.-. lotth.tht3 t9a!proAsrtY.d894fi1l8d d@�4NOWa. �rat�..=
<br /> ..,.e.: �!c`�.�'"--:-
<br />'r1,°•., �� Lox Sfx (6), Blocic Three (3), Colonial F�►atates Subaivision to the City of Grand Ialand� __
<br /> ;, .
<br /> . , - ,. Ha11 QounCy� Nebraska. �
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<br /> •• ' ' � Togethar wHh all buildlnys, improvameMs,lixtures.streets,alleys,passegeways,easements,rights,prfvlleges and appurte- �___
<br />' ^ ". nflnaea Inceted thereon ar m anywlae pertaimng thereto.and the rents,issues and proUls,reversfona end remainders thareol,and -`'T--—
<br />. � suCh�peraonal property that ie atteched to Ihe fmprovements so ae to aonatltute a tixWre,lncludinp,but not Ilmited to,heatfnp and ,�,�4:��_
<br /> • " caoling�quipment;and together with the homestead or mantal mtereat8,It any,which interests are hereby released end waived:all , ,
<br /> , � pi whlah,inaluding replacements and edditlons thereto,is hereby declared to be a pe�l ol the real estete aecured by the lien of thia y =}�.-�'
<br /> ' Deed oi Trust end all ol the foreyainy beinp referred to herem as Ihe"Property". ���
<br /> �,4.:,....
<br /> Thig Deed of Truet shell aecure(a)the payment ol the prfnofpal sum and mterest evfdenced by a prom�ssory note or credR �__��A.;�;.,_
<br /> '•1�'{{.. y ..
<br />,' -. apreementdatad .TArnss�c� 25, �q92 , nawng e maturity deto ol April 23r 1992 ,
<br /> �._. � _
<br /> ' (n the orig�nal prinafpal emount of S �5 7A1_4� _� ,and any and all modllicatfons,extensions and renewals '`;,ti;,_,;;��_
<br />� � y there0f or theretn end any and all tuture advanCes end readvanoes Io Borrower (o►any ol them d more than one)hereunder �. -
<br /> ' • ��;�.; pureuent io one ar more promissory notes or credit agreementa(harQln catled"Note"I:Ib)the payment al other auma advanced by �
<br /> l.ender tp protect the securlty ol the Note;(c)the performance of all covenante and agreements ot Trustor set forth herefn:and(d)all �_
<br /> � ' present and future indebtedness end obllgations of Borrower (or any of them�I more than one►to Lende�whether direct,indlrect '�
<br /> ebsolute or cantingent and whether erlsing by note,guaranry, oveidrall or otherw�se.Thc�Note,th�s Deed ol7rust and any and all
<br /> •r.::•�'�,.� atherdacuentgthptsecurelheNoteorotherwiaeexecuted�nconneationlherew�Ih,includingwdhoutlimitalionguaranteas,securlry �,.W,,'R`�
<br /> '� ayreemente and aesfgnmenta ot leases end rents,shall be referred to herein as Ihe"Lonn Instruments". ��...��:�
<br /> •,,.�. :`'�:r;: Truetor Covenente end agreea wilh Lender as lollows: •• •
<br /> •�:I�� �C;i�1<<.:. t. PayM�n1 at Indabtednosa.All fndebtedness secured hereGy shell be paid when due •`� :�����`
<br /> 2. TNIY.Truetor is the owner ol the PropeAy,has the nght and euthor�ty to convey the Property. and werrants that the lien
<br /> created hereby ia a flrst and prior lien on the Properry. except for Ilena and encumb�ances set forth by Trustor in wntfng and
<br /> , � dellvered to Lender belnre executlan of this Deed of Trust,and the axaCUUOn and dellvei y of this Deed of Trust does not violete eny �
<br /> • Cantract or other qbligatlnn ta wh�ch Trustor is sub�ect �
<br /> 3. Taxoa,Aoaewment�.To pay belore del��quency a�l taxes,s{►c�cinl ass�issmants und all other charges aga�nst the Property �
<br /> now or heroattnr It�vlgd. �
<br /> ' 4. In�utanae.To kaep tlta Prop�rty msured aga�nst damage by tircr.hutards�nciudud��thin the tv��n�extuncied coveraga",an� .
<br /> ' ��'� � auch other hazardd ae Lender may requlre,in amounts and with Compenitts ncceptable to Lendet.nem�nq Lender es an addfbonat �
<br /> ' nemed insured,wlth Idss peyable to the Lender.In case of Ioss under such pollc�es.ine Le�der�s author�zed to ad�ust,collect and
<br /> ��i;'y(� ' �•.:`� compromfse,all clgime thereunderend shnll ttave fhe ophon ot applying ail or part o1�he msurance proceeds 1�1 to any mdebtedness :
<br /> .•i;, ..• secured hereby and In such o►der es Lender may determ�ne,U�1 to the Trustur to be uaed for the repair or restorabon of the Properry
<br /> �' or(flq lor any other purpose or object eatislactory to Lender w�thoul aflect�ng the I�en o1 th�s Deed ot Trust lor the full amount secureQ
<br /> _�: �'r';� hereby before such peyment ever taoN place.Any apphcahon of p�oceeos to �ndebtedness shelt not axte�d or postpone the due
<br /> ' dete ot any payments under the Note,or cure any delault thereunder or hereunder.
<br /> - 5. Eicrow.Upon wrltten demand by Lender.Trustor shal l pay 1�Lender,�n such manner as Lender mNy designate.suHicient
<br /> � eums to enable Lender to pey ee they become due one or mor�ot tho�onowmg.�q nn taxes,assessments ana omer cnarges aqamai -
<br /> the PropeAy,(ff)the premwme an the property maurance reqwrod heiaunder.and�1lil the premwms on any mortyaye msurenCe
<br /> requlred by Lender.
<br /> 8. Malnt�n�nc�.Rep�fn and Campllanca wlth Law�.Truslor snall keep the F'roperty m good condition and repau;shall
<br /> ' promptly repeir, or replace eny impravement which may be demeged or destroyed. shall not commrt or perm�l any waste or
<br /> deterloratlon ol the Property:ehall not remqve.demol�s►+or substentfally alter any ol Ihe improvements on the Property,ahnll not
<br /> •• comml�suNer or permll any act ta be dane In or upon the Property�n wo�et�on o1 any�ow,ordmance,o►re{�ulaUOn,and shall pay and
<br /> ' promptly dlscharge et Truetar's cast and exµense all Ilen9.encumbr�nces and chatpes lev�ed.�mposed or assessed aga�nst the
<br /> Properly or any part thereof.
<br /> 7. Emin�nt Domaln.Lender is hereby e88igned nll compenSalion.awartls.dameges nnd other payme�ts or rel�el(here�natter
<br /> "Proceeds")in connectfon wllh condemnBtlCn or other tak�ng ol the Property or part theroof,or lor cunveyance m I�eu of condemna-
<br /> Gon.Lender ahall be entitled al�te optlon to cdmmence.appear in and prosecule�n its own name any action or proCeedings,and
<br /> shell also be entltled to make any compromige or seltlemenl�n connecUO�w�th such tak�nq or damaqe.In the event any porUOn of
<br /> MC 51671NonW�cWlw�l OM0111w lo•N
<br /> 0 1/N NMqnN��l d Co��wc�Truat�nd$�wrq�Mfoc��tan l.ncoln N�h.nMe �
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