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<br /> _ APPLiI 001-00019236
<br /> , CCVY U100�5�321
<br /> . ' _
<br /> � ��1NA` cc�cne,,i . G�.4!�E'! lS�4��ID
<br /> 221 �outh Lcauat�t., P.O. �ox 1I109
<br /> �srs� islan�. :�a��asxe 686Q�-100� 9� f,,���f �
<br /> 308-382-40�0 '
<br /> ACICNOVIi1.��G�ifl�t11Y SA D�tD �� Ti�i�ST
<br /> Yhe undersigned 'Trustar"as identliied in the tol!owinp O�ed of T�ust,wh�thK on�or more,undarstsnd that tha
<br /> documbnt thay are ebout to�xocute Is a D�d of Truat and not�mortqsp�,anrl that th�power of asla provlded for
<br /> in tha Dead of Truat providaa�ututantially differant riphts ar�d oWipatlons to the Borrowa�s than a mortpspe in ths
<br /> ev�nt of a dafault or bresch of obllfl�tlon u�d�r the Dwd of T�ust,Inciudinp.hut not Iimitsd to,tha Bs�sficisry'a ripht
<br /> to hava the Ptoperty id�r►tifiad in the foUowlnp Deed of Tru�t Rold by ths Trustea without eny judiciel p�ocs�din�.
<br /> Trustor r�xeaent9�nd wur�nte that thly Ack�owledymar�t wea�xecuted by them before the exscution of the Dsed
<br /> of Trust hereeftar set forth.
<br /> � .�^����'��
<br /> �unroLn x Fosa
<br /> Tl.�e.� � �
<br /> (�ACB F05S �
<br /> HOME E�.UI`�'lr L��IE ��tt� t�r Y�iiSY
<br /> TMIS TRUST OEED made this 16TH day of ��L , 1996 �w�
<br /> �� n ross �wo cs��ucc poss� HUSII�iiD �ND NI1t
<br /> hstei�afteu call "Trustor'. whose mailinp address is 108 S 15TH, ciRAND ISL11T1D. NE 68801
<br /> ;as"'trustes';pnd Home Fddu�l S�vings and loan Arroclatio�of Grand Ictsnd,whoss
<br /> m�iliny address is 221 South Locust, P.O.Box 1009, Grend lslsnd.Nebreska 68802, u'Be�efiduy'.
<br /> For val::able con9lderation, Trust�►i��evocsl�ly g�ante, Vansfas, conveys ar�d �ns to Trust�e, in uust, with
<br /> powsr of ss�,for tha benefit snd swurity of�eneficiuy,uea�u and subject to ths :ercna and conditior�of this L7e�d
<br /> ��Trust,tha followi�p dsscribsd pr¢s�erty located in aRADiD xSi.�, �• .
<br /> B��brasks,to wit: •
<br /> IAT S$VL'N (7 D� YN BIACK BICiHTY-F'OTTR (84I. IN WH58LER AND BENNBTT'S
<br /> FOUATN ADDITION TO TH8 CITY OF GA11L�7D ISLA2dD. HALL COZ3iZ'P7i. NSSRASRII.
<br /> tog�ttar with all buUdin�s,fixtures.imp�ovomtnu and appunu�anc�es the�wnto bsbnpinq,it 6einp ap�eed thai aU of
<br /> tiw fore4oir.p shall b�hsretn�fter referred to as the "P'ropertY".
<br /> FOR THE PURPOSE OF SECURWG perforrtsa�cs of saci�aprssmsnt and covsnant of Trusior twnir►conisinsd and
<br /> ths psym�nt of the principal sum of �Y eIS x��vs�w° �o�as�s � �°��r
<br /> p��s(� Z6,00�.00 ), sz evidenced by s Home Federal Homs Equity loan Aqrsem�nt bstweer►
<br /> Trustor and Beneficiary(the'Loan Aynamant'1,pursuant to which Bensfidary wUl advano�funds to Trwtor f�om tirrw
<br /> ta tim� s:the intKSSt rate�a�d upon ths terms prov'�d�d thsrein, to��thsr with any sum or sums af money with
<br /> intenst tl�von which maY hereaftsr bs Paid or advanced undsr the t�rms of this Dwd of Trust,both principd sum
<br /> and intaest thanon baing oayab{� accordin�to the tarms set forth in the Loan Aprasmsnt, refsrena to wliich is
<br /> fwnbY msd�, at the offiq of th�6sr�fidary in Grsndi I�isnd, Nsbraska. or at sulch athK piace as BenafjciarY msY ,
<br /> dpipn�t►irt wriWp• . ' ;
<br /> 7RUSTER AND�ENEFlCIARY COVENANY AND/IGREE AS FOLLOWS:
<br /> 1. ljiiarraniY of'tffi�. Trustcr is lewfulfy se3zed of the Propsrty; �s 9fl�d rtgt►i ared �ewfui wtltority ta solt and
<br /> convsy ths Pro�wty;ths Property is fres a�d dear of � iions and encumbrances except iiens now of recarci; a��
<br /> Trustor wiU warrant end defend the titie to the Property unto the 1'�ustee and its successors and ac�i�RS fo�sver
<br /> eqairut the Gairm of all perso�s.
<br /> 2, payrr�t of Prirtcip�l�nd Int��st. Trustor sha11 punctually pay the principa!of,end incersst on, atl sdvenc�s
<br /> under the LoaR/lpreement and wiil punctuelly perform all apreements,conditions and provisions of any otha�security
<br /> insuument 9iven in connection wlth this transse:4ion.
<br /> 3. Pra�nration�nd Nl�nt�ca of Prop�rty. Trustor will not commit sny v�rasta upon the i'roperty at will, at
<br /> dl times, mai�tain the sams i� good o�der and conditio� and witl make, from time to time, a!I �epairs, renewsls,
<br /> replacements,sdd+tions a�d improvements whlch ara reas�nably required t�prevent waste,impairment or deterioration
<br /> of reid propsrty. No buildinp or improvement now or hereafter srected upon the Property shall be sitered removed
<br /> or demofisht�d without the priar wri3tan consent of B�rieflciary.
<br /> - 4. insurand. T�vstor,at its expensa,vu�ill maintain with insurers approvorJ by Beneficisry,insurance with respect
<br /> to ti�e improvements and personal propsrty constituting the Property apsinst loss by fire,lightning,tornado snd otMr
<br />= perils coversd by ctandard extended covera0e sndorsement in a�amaunt equal to at I�ast one hundr�E�stcsnt of the
<br />= fuU nplscement vatus thereof, a�d insurance aganst such other hazards erad in such amount as i�cusiotr►rriFV carried
<br /> � 9l94 408-1
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