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<br /> `, y�� � '��° "':, ''�' �� ACKNOWLEDGEMENT OF DE�D OF TRUST � �Z'�1 O`�re31�. -
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<br /> " .. �� �'' " TfiUSTOR READ THIB BEFORE 81QNIN0:
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<br /> " "' Trwtor und�rsbnd�thpt th�docum�n!th�t T�wtor I�about to ex�outs la a Owd ol Tru�t and nol a mortQay�and th�t th�powor __
<br /> • . '��� ot wl�provid�d for In th�D�sd o�Trwt provld��aubshntfally dlHerent rlphte end obUpotlon�to Tru�tor than a mortp�p�In tM a�nt
<br /> " •• � 01 o d�fault ar breach ot oblipstion under Ihe Dosd ot Trust,Includlnp,but not Ilmued to,the Lordar's rlpht to havo Iho Prop�ry�otd �,�_. ___—_
<br /> by the Tru�toa without any�ud�alal procaeolnp. Trustar repreaents ond warrants thYt thls aCknowWdQement wY�ex�outed by
<br /> r,::s:n,,n=:�.;� Trosta beforo the exeaupon of Ihe Deed of Trust � � ,Q
<br /> - �4.<t� �� /� � -4';' � _-�_...s,� _
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<br /> • � , +R�x J H Otto Trwtor
<br /> � ,. � •r �i L :� •� , .
<br />�T � ° Iblot► M Otto Trwror
<br />� `' � DEED OF TRUST WITH FUTURE ADVANCES - -
<br /> <. THI3 OEED OF THU3T,is made aa of the_.?�t.h-day of !!a* ,19_92.by and amony
<br /> � " oY J H Otlo NQlon M Otto hu�bond and vi • -- . '°`Yt''z`"'
<br /> . ', , • the T�uaror. f ��-,�:_::�.�:—
<br /> ' � .. whoae maltlnp addres4ls �'23 s Blain� St (ir�nd I�l�n�re�n"Trusto►�'wTieu�er one a more). °R �--
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<br /> �. • Ihe Truatee, Fiv Poiete 8��, � N�brv�ka Coroor�*i on , � a,�- ��
<br /> whose maiunp address�a P•0. Box 1307 Gr�nd Ioland► NE 6860Z �hereln"Truatee'�,and � __ ;_ '�"
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<br /> tha 8enellCiery, Fiw Poink� B�nk � � ' —.
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<br /> � " whose mai8ng addresa Is . p � BeY iS07 �'r�nd Taland E 2-1507 (herein"Lender"). -�°•
<br /> , • •:•,
<br /> " Rvx J H Otto r.'-;i=.�:ir�.�+�
<br /> � __ FQH VAI.UAF1l.E CONSIpERATION,InGudiny LendePs extensian af credlt identilied herein to �y., .;;�; _ �
<br /> ��,. � Holen M Otto - (herein"8orrower",whether one or more)and ihe trusl herein created. ;;;.�,��;:.•.�?
<br /> the recefpt of which is hereby acknowledged,Trusta hereby Irrevocably granta,translers,conveys and asslgns to Trustee,IN ��" � ".,�"`�
<br /> � TRUST,WITH POWER OF SALE,lor the benellt and aecurity of Lender,under and sub�ect to the terms and conditions herelnafter set � `��°-=
<br /> - _ iath.the real propertV,dascrfbed ae follows:
<br /> T Lot TQn 110). Moodl�nd 2nd Subdivioion, ao Addition to tAo City of Cu��nd .. ;,..�:
<br /> . I�l�nd, H�11 Coua�y. N�br��k�. ••`"
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<br /> Tagether with ell buildings,improvementa,fixturea, streets,alleys,passageways.easements, rfghts,privileges and appurte- ' � � � �;,;,.�,
<br /> � nences located thereon or in anywiae pertaining thereto,and the rents,issues and profits,reversions and remainders thereol,end r �....
<br /> auch personel property that is attached to the impruvemenls so as to canstitute a ffxture,�ncluding,but not lim�ted to,heating and � , ,
<br /> cooling equlpment;and together wlth the homestead or mantal interests,if any,wh�ch�ntereats ere hereby released and warved:all
<br /> ol whlCh,including replacemenls and addlHons thereto,is hereby declared tc 6e a part of the real estete secured by the lien ot this i • .
<br /> . D6ed of Trust and all of the fore9olny belny referred ta herein As the"Property". !
<br /> Thls Deed of Truet shell secure(a)the payment of the pnncipal sum and interest ev�denced by a promissory note or credit �� � -: .--.
<br /> •(; t : ";�,, •—.
<br /> ayreement dated � ��.��Ql,b L99� ,having a matunry date ot !(�r�h 20Lh 1993 . E •�• - � ��':."`°�"'��
<br /> � :°���'. .
<br />' ' in the orlgfnal principal amount of$ 3�..�20.S0 _ ,and any and all modlhcetions,extensions and re�ewals .��-�••�°'
<br /> thereol or thereto and any and all luture advances and readvances to Borrower(or any ol them il more Ihan one)hereunder '�t�:
<br /> pursuant to one or more prom�ssory notes or credit agreements(herem called"Note"1:(bl the payment of other sums advanced by +=s•��--
<br /> � •� Lender to protect lhe secunty ot tne Note;lc)ihe performance ol al I covenants and agreements ot Trustor set to►th herem;and(d)all `F:�`
<br /> present and luture Indebtedness and obligations of Borrower�or any of them d more than onel to Lender whether direct,mdfrect, '+��,'_'"�_
<br /> absolute or coMingent and whelher arlsing by note.guaranry,overdraft or otherw�se.The Note.this Deed of Trust and any and all .���,;":
<br /> other dacuenta thet secure the Note or otherwise execuled in connecuon therewdh,including wrthout I�mitation guerantees,security .w..
<br />: apreementa and ee8ignments of leases and rents,shall be reterred to herein as the"Loan Instruments". ' '�•� �
<br /> Trustor covenents and agrees wlth Lender as follows: � �'
<br /> 1. Paym�nt ol lnd�bt�dnn�•Alt indebtedness secured hereby shall be pa�d when due
<br /> • 2. TI/I�.7rustor fs the owner ot the Property, has the r�ght and authonty to convey Ihe Propeny,and warr2nts that the lien
<br /> Creeted hereby �5 a lust and prior lien on the Properry. exCept for liens and encumbrances set forth by Trustor �n wrdmg and
<br /> delrvered to Lender belore execution ol thfs Deed of Trust,and the execut�on and del�very ot th�s Deed ol Trust does not violate any
<br /> coMracl or other oblfg8llon to wh�ch Trustor�s sub�ect.
<br /> � 3. Tax��,As�assm��b.To pay before dellnquency all taxes. Spec�a�assessments and all other Charges aga�n�t lhe Prope►ty
<br /> nOw or hereafter lev�ed.
<br /> 4. ImuranCe.To keep the Property insured against damage by hre.hazards included�v�thm the torm"extended coverage".and
<br /> such other hazards as Lender may reqw�e.�n amoums and wdh cumpan�es.icceptabiu tu Lendei.��am�ng Lrndw.xs�n ddddwn�i
<br /> nemed fnsured,wlth loss payable to the Lender.In case ot lOSS under such policies.the Lender is 8uthonZed lo ad�ust,collect and
<br /> • cornpromise,all clafms thereunder and shall have the opt�on of applymg all or part of the msurance proceeds(�)to any mdebtedness
<br /> secured hereby and fn such order as Lender may determine.l��l to the 7rustor to be used 1or the repa�r or restorauon of the Property
<br /> or(iIq for any other purpose or ob�ect sat�sfactory to Lender wrthout aHect�ng fhe I�en ot tnis Deed ot Trust tor the lull amount secu►ed
<br /> hereby belore such payment ever took place Any applicaUOn of proceeds to mdebtetlness shall not extend or postpone the due
<br /> dBte of eny payments under the Note,or cure any delault thereunder or nereunde�.
<br /> 5. E�e�ow.Upon wntlen demand by Lender.Trustor shall pay to Lender.�n such manner as Lender may des�gnate.suH�c�ent
<br />. _ ..d...1.e ..hn no�nne .
<br /> sum8 to eneble Lenaer to pay as cney oecome dua ur�n ur�nu�n�i ii�o iviivi�i��y.��i o���u:.c5.:,������:"•�:•:���•..-.....'�-..-'a�==a--�-•
<br /> the Property.(ii)the premiums on the property insurance reqwred hereunder,t►nd 1���)the p�em�ums on any mortgage msuranCe
<br /> required by Lender.
<br /> 8. Malnt�nanCa,R�palrs and Compllpnc�with Lawt. Trustor shail keep the Property in good condrtion and repe�r,shall
<br /> promptly repafr, or replece any improvement which may be damaged or destroyed: shall not comm�t or permit any waste or
<br /> deterloretfon of the Property;shall not remove,dem0lish or substenUally alter any o�the�mprovements on the Property:shall not
<br /> commft,sulter or permil any act to be done m or upcn the Property in violation ol any law,ordinance.or regulation;and shall pay and
<br /> promptly dlsCharge at Trustor's cost end expense all liens,encumbranCes and charges levied.�mposed or assessed agamst the
<br /> Properly or any part thereot.
<br /> 7. EmlMnt OOmaln.Lender Is hereby ass�gned all compensation.awards,damages and other payments or rel�et(here�nefter
<br /> "Proceeds")fn conneclfon wdh condemnation or other takmg ol the Properly or part thereof.or for co�veyance m i�eu ol condemna-
<br /> tlon.Lender sh�ll be entltled at Its option to commence. appear�n and prosecute in�ts own name any uct�on or proceedings,and
<br /> ahall also be entftled to make any compromise or semement in connecUOn with such takmg or damage Ih tne event any port�on ot
<br /> Nsc3re��M«�w�K��w,uo..a�n..�o ee
<br /> � tYN Xq�onal U�nt ot Commuc�Iruf1�M S�n�pf�twn���a�l�nroln M�b�Y�
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