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<br /> � � � ACKNOWLEOQBMBNT OF DEED OF TRUST 92� 10 2 2 4 a�7 - -
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<br /> '.tt�v TRUBTOR READ T HI S BEFORE SIONlNO: �``` "'-
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<br /> ' �`';,= Trusla und�ntend�thst tha docum�nt thot Truetor I�about to axeoute f��D�ed of Tru�t end not a mort�epe end that the pow�►
<br /> - ' '� of wla provid�d for�n th�Dead of Trust provide�aubatenUally dlHaront rlphb And obligdfone to Tru�Wr then a mortq�qs In th��vent
<br /> �" ot a defaull or breach ol oblfpApon underthe Deed ol T�wt,Includinq,but nct Ilmlted to,the Lander's ripht to havs the Proparty sotd �
<br /> � by the T�wte�without�ny�udlcial proceadinp, Trustor nprsaenu and warranu that thl�acknowlodpement wae�x�cutM b�►
<br /> N��`� Trwtor bdora tho oxocudon ol the Oaed of Truet --�-
<br /> ; _ . � � . _ � , �_ ��- _ _ .
<br /> • � DEMMIS I LS � Truator , —
<br />----- , . J�•' �,,�, f i. l�i,..�v �"
<br />'� � • CONNIE L NIELSEiI Tr stOr �
<br /> - � • �y DEED OF TRUST WITH FUTURE ADVANCES -- �
<br /> •• THIS DEED OF TRUST,is mede es of the 1�iL�day of K�r ,19 92 by and amonp =_
<br /> � ' the Trusta, DENiIIS F NIELSEN i CONNIE L NIELSEN , hu�b�nd ond riiQ , ,
<br /> ' 2202 RIVERV IEM DRIYE hereln"Trusta;'whethar ono or more), �i`�
<br /> .�p� whose moNinp address is_ ( _ _
<br /> ..,�..x. � -
<br /> �''�� Fiv� Point� &nk, a li�br��ka Corporation , �"��'•��.�
<br /> ,,��,,, the Trustee, �-
<br /> •;�,., .
<br /> � � � whose mellinp addreas is p•�• Box 1507 arand Iwland. NE 68802 (hereln•'Truatee"►,end , ..,,'�_`
<br /> •- ,f.,-
<br /> .,��;� ;• . , MeBeneliciery, PivQ Pointo B�nk � '. .�•;. =-_
<br /> i°�•�� � . whose rtwllinp address is P•0. Box 1587 Gr��d I�l�nd, NE. 68602-1507 (herein"Lender"►. �
<br /> . `�'-�-- �_::,
<br /> .':r : , DBlINIS F NIBLSEN ""�-kT�==--.
<br /> FOR VALUABLE CONSIDERATION,Including Lander's extenaon o(credit identllied herein to �j,,•-;�-�.:
<br /> ;.��. ..s.:�
<br /> 3 COKNIE L NIELSEN �herefn"Borrower", whether one or more)and the trust hereln created, ��'."."'�:E ��.
<br /> ' the recelpt of wMch is he�eby ecknowledged,Truetor hereby irrevocably granta, tranafers, conveys and assigns to Trustee,IN .: .n�_
<br /> -_ TRU3T,WITH POWER OF SALE,tor t he b ene f i t an d securi ry ol Lender,under and sub�ect to the terms a�id condltions herefnaRer aet �+;����__
<br /> . lorlh,the real properly.described as foMowa: " „%��,
<br /> LOT THREE l3) IN BLOCK THREE 13) COUNTRY CLUB SUBDIVISION TO TNE CITY OF :y�r, -�
<br /> � I3RAliD ISLAND. HALL COUNTY, MfiBRA�KA. .;���''40��.
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<br /> Together wfth all bufldings,Improvements,fixlures,alreets,alleys,passageweys,easements,rlghts.prlvileqes r i Appurle- •r�: ��•,� • .�
<br /> . � nances located thereon or in anywfse pertalning thereto,and the rents,lssues and prolits,reversions and remeindera!hereol,and , �� ���
<br /> such pereonal property that is atteched to the improvements so as to conaUtute a Ifxture,including,but not Ifmited to,heating and � ` _++'•�••�'
<br /> ' coolinp equipmenC and together with the homestead or marital Interests,ff any,which interests are hereby released and walved;all -';'1�..
<br /> ,�, of w hich,Including replacements and additiona thereto,ia hereby declared to be e part ol the real eetate secured by the lien of thfs ?
<br /> ����;• • Deed ot Trust and all of the toregoing being referred to herein as the"Property". , . _
<br /> �,,;. � _
<br /> This Deed of Truet shall secure(a1 the peyment ol the princfpal aum end fnterest evidenced by a promissory note or credit � :'
<br /> � �;,`
<br /> . a�reement dated W1r�h �6th 19�12 ,havmg a maturity date ot Morah 16th 2002 , . . , __,��.:':-.a:
<br /> ..�t..�.L
<br /> .. In!he orlgfnel prfncipal amount of$ 4S 035.50 ,and any and all modlficatlons,extenaions and renewels � "��'����-
<br /> � thereof or thereto end any and all iuture advances and readvances to 8orrower (or any ot them II more than one)hereunde� '"�'
<br /> pursua�t to one or more promlasory notes or credit agreements Iherein called"Note");(b)the payment ot�Iher sums advenced by � • •'��•�:_
<br /> Lender to protect ihe security ol the Note;(c)the perlormance of all covenants and agreements ol Trustor set forth herein;and(d)all � ;';�'+�;Y._
<br /> � present and tuture fndebtedness and obligations al Borrower(or any ol ihem il more than one)to Lender whether dfrect,indlrect, t' • ' ,�`.
<br /> ebsolute or contingent end whether aris�ng by note,Auaranty,overdratt or otherwise.The Note,th�s Oeed ol Trust and any and all ; "'� '' �
<br /> 1 other docuents thaf secure ihe Note or othe�wise executed�n connection therewith,including without limftatlon yuarantees.securly �, . • •
<br /> �, , eqreements end asslgnments ol leases end rents,ahall be referred to herein as the"Loan Instruments". � �. r�.-�•_�,-_
<br /> �+ '
<br /> Trustor covenante and agreea with Lender as followa: E ,
<br /> � � 1. P�ym�nt of Ind�bt�dn��s.All mdebtedness secured hereby shall be paid when due. t�
<br /> t 2. Tltl�.Trustor IS the owner o1 the Property.has the right and authority to convey the Property,and warrams that the lien �
<br /> created hereby is a tirst and prfor lien on the Properly,except lor i�ens and encumbrances set torth by Trustor in wnUnp and
<br /> delivered to Lender belore executfon olthis Deed ol Trust,and the execution and dellvery of th�s Deed of Truat does not violate eny
<br /> • Cantract or olher obllgaUon to whfch Trustor is sub�ect. '
<br /> 3. T�xe�,As�es�m�nts.To pay belore delinquency all taxes.special assessments and all other charges against the Property ,
<br /> now or hereatter levled. •
<br /> 4. Inturanco.To keep Ihe Property�nsured againsl damage Uy(�re,hazards mcluded w�th�n the term"extended coverage",and
<br /> such other hazerds as Lender may requ�re, m amounts nnd with comparnes acceptable to Lender,nammg Lender as an add�t�onal
<br /> ' named Insured,with losa payable to the Lender In case ol loss under such pol�c�es.the Lender�s authonzed to ad�ust.collect and
<br /> Compromfse,all clalms thereunder and shnll have Ihe opt�on ol app�yu�g all or pa�t ot the�nsu���nce proceeds U110 any�ndQbtedness
<br /> , secured hereby and in such order as Lender may determ�ne,pq to the Trustor to be used tor the repa�r or restoraGOn of lhe Property
<br /> or(ill)for any other purpose or ob�ect saustactory ta Lender without aNecti�g the lien of th�s Deed of Trust lor the lull amount secured
<br /> hereby before such peyment ever took place.Any application of proceeds to mdebtedneas ahall not extend or postpone the due
<br /> , _. ___._ :_ dete of any paymenla under the Note,a cure any default thereunder or hereunder.
<br /> � .� d 1 Hfrmnt
<br /> .. .. -- - 5. E�crow.UpOn wnRen aemand'oy i.ende�.Truaiu�aiinii "ydr iG�o�w'c7. :R�:::,'' t"�°":.:�S��•°•..�"••��-°-•a"•=°.°--..._._. .
<br /> • sums to enable Lender to pay as they become due one or n�ore ot the fo�lowing:(�)all taxes.asseasmenta and other charge8 aga�nst
<br /> '. . the Property.(i�)the premiums on the properly insurance roquired hereunder,and pii►the premlums on any mortgage msurance
<br /> requlred by Lender.
<br /> 8. Malnbnanc�, R�paln and Complfanca wllh Lawa. Trustor shall keep the Property m good condition and repa�r; shall
<br /> ' promptly repalr, or replace any improvement wh�ch may be damaged or destroyed: shali not commft or permd any waste or
<br /> deterloratlon of the Property;shall not remove,demohsh o:substent�ally alter any of the�mprovements on the F'roperty:shall not
<br /> commit eufler or permlt any ect to be done in or upon the Property�n vio�ation of any law,ord�nance,or regulation;and shall p8y and
<br /> � ., promptly discharge at Trustar's coet and expense a11 liens,encumbrances and charyes ievfed.�mposed or assessed againat the
<br /> Prope►ty or any part thereol.
<br /> 7. EmlMnt DomNn.Lender Is hereby asaigned all compensation,awards,damages and other peyments or reliet(heremaftQr
<br /> "ProCeeds")In connectlon wlth condemnation or other taking of the Properry or pert thereol,or lor conveyance in lieu of condemna-
<br /> tlon.Lender ahell be entltled at its optwn to commence,appear in and prosecute�n its own name any action or proceedmgs,and
<br /> ahaN also be entltled to make eny compromise or setlleme�t in connectlon with such takfng or damage.In the event any porUOn ot
<br /> N!C 7461 INon�pncuhuni Owel Rw 10�B! �
<br /> O 1 9�8 NNan�l B�n4 0l Co�+mpe�iru�l�hd S�v�.�Q�AUna�tbn l�nrnln MMn�►e
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