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<br /> � APPLO 001-00015d?9
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<br /> � H��I�� F�i��i�f�1L - �i�AND ISi.AR�tD
<br /> i 2�1 ,outh �.o�u�t 5t.. P.O. Box 1Q09
<br /> Gransi lslan�l. l�t�braska 6880�-10051 ��" ��a'�'�
<br /> - 3�•36�-�� r
<br /> - ACKNQVI►L�DGM��1lY TQ D�ED �F TR�i1ST
<br /> "� The u�dorsiyned"Trusto�" ps idsr►tifi�d in ths totlowiny�Qaod af'��uat,whether ane or more,u�rstand that the
<br /> ' document thsy �u�+�bout to exacute i�� Desd o?Yrust and not a mortgsga, and 3hat the powet of sele p►ovided for
<br /> in the Deed ot Trust provides substantialty differa�t rig�ts and oblipations to tha Borrowers than a mortg�pa in the
<br /> event of a default or b�each of obligstion under Yhs D�d of Ttusi,inctudiny.but not limited to,the 8enaficiary's right
<br /> to hava the Property identifled in the following Daed of Trust sold by th T�ustae without ar�y JudiGal procesding.
<br /> � Trustor represe�ts srui warranis that this Ackrnowledsmeni wes execu y them bafora t�►a ax tion of the Oaad
<br /> -� of'P�ust iweafter sei forth. �
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<br /> - H011AE Ea4JITY LINE DEED OF TRUST
<br /> - THIS TRUST DEED mado this 12T� day of J�Y , 1996 hetween
<br /> � � (iY0A0YS ]► YOC7�' 71ND M71AY 1t71Ti0tYli R�tNIIS-K�H�'. KOa'a11ND 1NID WIPY
<br />" hereinafter caU "T�ustor", whose mailing add�ess(s 1609 STAC�SCOACH RD. GRAtCD iST.J�ND, xJS 68801
<br /> - ;ss'T�ustee':and Home Fedarsl Savic�ys s�d Ioan Association of Grand Island,whoso
<br />._� mailin�edd�oss is 221 South Locust. P.O.Box 1009. Grand Island, Nebrsska 68802. as "BenefiGary".
<br /> -- For valuable conaideratio�.Trustar Krevocabiy prsnu, transferz, conveys snd assigns to Truttes, in trust, with
<br />;� power of sale,for the bs�efii w�d security of Bs�eficlary,undsr and subject to the terms and conditians of thia �
<br />_R� of Trs�st. the foliowin�desar�ed propsrty located to c3tAt+ID ISLADID, ttAl.x. ,
<br /> f�wLxaska,to wit:
<br />= ALL OF LOT TWL'NTY-;'i�0 (22)� COACHPLACS SUBDIVISIODI. IN THS CITY OF
<br />`T� fiRAND ISFrIl.'C. SAY�i+ CQi1NTY. N53RASRA AND T�AT Pi1RT OF IAT TWBNTY-ONS
<br /> (21) � (.'QAC'�3PIaACE SQ3DIVISION� IN TF1S CITY OF (3jtAND ISIJ1NDr�S+ COUAi'PY�
<br />_-° NBBRASKA MORS COMPLSTSLY DFSCRIHSD AS FOLLOWS: 88GIl�IIdIN(i AT THS SOUTB-
<br /> —� tiiA5T COBNSR OF LOT :'WBNTY-ONS (21) ANi4 RUNNING ALONG TA8 ATSSTSftLY
<br /> — BCUNDIIRY LINS OF SrIID IAT TWL'NTY-ONF A DISTANCS OF 17.15 F88T, TF�ICS
<br /> DSFLI►GTISIGIN i1 DCWI'ti�sA.�'r`SitL7[ L1xCLilvav nivti acLaui�v Fl�uv`=a� a""3i .^.�
<br /> — SODTI�RLY BOIINAAAY LxNB OF SAID LOT Zl R'0 A POINT ON TF� FASTERLY
<br />=�� BOUPIDARY LINfi OF SAID LOT 21, THENCS DSFLECTIPSO IN A SOUTF�RLY DIRSC-
<br />..v� TION AND RUNNINCi ALON(i TI� BASTERLY ROUNDARY LINS OF SAID IAT 21 A
<br /> _.� DIST1iNC8 OP 18.70 F&fiT, TI�NCB DSFLfiCTINa IN A NORTHW8ST6�tLY DIRECTION
<br /> AND RUN2�1IN13 ALONG � SOUTi�LY BOi�D�Y LINS OF SAID LOT Zl TO TSE
<br /> POIl�T OF HSGILIDII�.
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<br /> -- togaiher with ail builefit�s,�.x;ures, improvements and appurte�sances thereur.Lo belongin�,It bein�apreed thst all of
<br /> tt�s,ForeQdn�shall be hsreinafter �eferred to u the'Property'. •
<br /> FOR THE PURPOSE OF SECURING performance of e�ch a�eernent and covenant of TrusW�hersin cantair�ed a�d
<br /> th�payment of ths princip�l sum of p�� m�s 4 �o�c�s
<br /> po6iars(s 41.oo ), a� evirlenc�d by a Homa Federal Home Equity Loan 10.prsams�t batwean
<br /> Trc�or and 8enaficiary(the'Losn Agrsement"),pursuant to which Bensficlsr,�wiU advance funds to Trustor from time
<br /> to time at ths interest �ataa and upon the terms providod there+n, together with sny sum or cums of money wi4h
<br /> interast thareon which may heresfter be paid or sdvancsd under the terms of thls Deed of TrusY, both principat su�n
<br /> and inUrest tl�ac�on baing payabte accordln�to the terms set tctrth in tha Loan Agreeme.ni, rn€erence to whicPr ta
<br /> hereby made, at the office of the Benaficiery in Gnr�d Island. Nebraska,or a�t such other ptaoe�s Bensficiary may
<br /> desiynate in wrltinp.
<br />- '�� TRUSTER AND HENEFICIARY COVENANT AND AGREE AS FOLLOWS:
<br /> •�� t. Wa�ranty of TNir. T�ustor is��vsFuUy�iz�d of ths Pr�.�ty:has good ripht and lawful authority to s�m�d
<br /> � �nve�,t LEse Pre�:ttte Pre�erty ie free and ci�r of�Il iwms srr�encumbrarfcss except lien9 naw cf recart�:�d �
<br />-_ T►ustor will warrant uui def�nd ths title to the Praperty unto the Trustem�nd its wcoessora suid�ssi9ns forsver
<br /> against tha claims of di persons.
<br />-�� 2. Paym�nt of Prindpat and Intw�st. Trustor shall punctuaG'Y pay the principal of,and intere�t an,al{advences
<br /> �'= under the loar+Agreeme�t and wip panctusliy perform all agreements,conditions and provisions af any other aecurity
<br /> irwVument�ivsn in co�r�ectlon with this trensaction.
<br /> � 3. Pr��rva�on�nd�Aain�t�nanc�of Prop�ty. Trustor wil!not commit any waste upon the prop�ty at wiU, at
<br /> -:�`_ el! timss, maintai� the same in good ordar and conditlon and w1U make, from tima to time, dl repsi�s, rer►�wats,
<br /> `��'' replacements,sdditions and improvements which are reasonaWy�equired W prevent waste,impsirmant w date�ior�tlon
<br /> . of ssid property. No buitdln� or improvement now o� hereafter erecteaJ upon the Property shall be altered removed
<br /> �' or dem4lishsd without the prior written consent of Beneficiary.
<br /> 4. I�esuranct. Trustor,st iu sxpansa,will ma�ntain wiih insurers approved by Beneficisry, insur�nca with respect
<br />_ to 4ha improv�ments and personal property consUtuting the Proparty�painst losa by fire,lightning,tornado and other
<br /> psrils covend by standa�d sxtended cov�r�ge endorsement in an amount equa!to at loast oM hundr�dl�cent of tf�
<br /> " fuA replscement v�lus th�reof,end insuranca painst such other hazards and in such amount es is cusiorRanly carried
<br /> 9�g,� 408-1
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