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<br /> �,... ,:..�..;��,�+-��•�:..� • ACKNOWL�OGEMENT OF DEBD OF TRUST 92� ��24�O
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<br /> ,.�}.� �r,,,•h,:,,,; ' THU8TOR READ TFNB BEFORE SIONIN�: �---=-�"'= --
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<br /> ! Tru�tor understu�d�that the document that Trustor is about to er�cute ia o Deed of Trust end not e mortQ�ae end that t e po
<br /> ,° ��'• `c'. °�� t\ ctale provid�d for in th�Desd of Trust pro�ldea eub�tantlelly diHerent riQhta and obllgatlons to Trustor then e maApa�e in tha event
<br /> � ol�defeult or breach of oblipellon under the Deed o1 Trust includln9,but not Ilmited to,the Lender'e rfpht to he�ve lhe Property eold �""'�_--�;
<br /> � � by the Trustes wlthout eny Judlcial proceedlnp.Trustor represent�and rronte that thid nowledpe ent wea exeouted by ���_' •e•*- v"=a��-�
<br /> � Tnntor bsforo th�execWon of 1he Oeecl 01 Tru�� ` � � p �.- -.:_u�'��
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<br />,�`� ,,..c� (L' L. Buck) rrueta Wi•�e � ,M—_:—=_----
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<br /> � � DEEO OF TRUST WITH FUTURE ADVANCES � �'14J ��-��'
<br /> �:,
<br /> � THIS DEED OF TRUST,is made ae o11he 21 day of ��� , 19�,by and emonp - -
<br /> '�;r.i .7�+�,_�-
<br /> � the Trustor, Jim L Buck & i.inda L Buck, h,.,�r�.^� a.�a �►i fe � . . -`"•'"`_`�
<br /> _�;.;:.-
<br /> �� ' ' 1619 Zola Court� Grand Ialand, NE 68603 ""'���
<br /> ' � whose mailinp addr�s la (herefn "Trustor;'whelher one or more), ,-,,��-:�,�_Y
<br /> � • •� theT�ustee, Ffve Foints Bank. A Nebraska CorE�oration - ' '��.�%:v
<br /> M1 �• whoae meflinp adMess is �.°-� '`�' �'A'''� Tp�s�n8� NE F�j$Q2 Ihereln"Truetee"►,and --,r ' '
<br /> ti•::.��=, _--.--
<br /> • • the Beneticiery. Five Points Hank • —-�--- -
<br /> �=��
<br /> � whose meiHnp add�eas is p O 8ox 1507. Gratx'! T°'s^a_ '`'� tiA�2 (hereln"Lender"). �•��N�:`-
<br /> ' �V..��t.. '.��
<br /> � . FOR VALUABLE CON3IDERATION, includiny Lender's extenaian of credit IdentlHed hereln to.�Ti m t Rne�k ar�rl r.i nr7w ` ��'
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<br /> "�'� � ... 1':r:.::
<br /> � i • " L BuCk� hueband 8[ld Wife (hereln"Borrower", whether one or mare)and the trust herein Created, •:�;�:���_•;�
<br /> the recelpt of which is hereby ecknowledged,Truator hereby frrevocably grante,transfers,conveys and asalgns to Trustee,IN
<br /> ' TRUST,WITH POWER OF SALE,fa the benetit and eecurlty ol lender, under end eubject to the terma and condNbns hereinaRer set � �.
<br /> - --��- - forth,the real property,tlescnbed as ioiiows: --— °---°i`-
<br /> � Lot 10� R & e Second 3ubdiviaion� in th� City of Grand Islarx�� Hall County, Nebraeka -
<br /> ;����..,�"�_� -
<br /> � Togather with all bulldin�s,improvementa.fixtures,streets.alley9,paseageways,easements,rights,privflages and appurte- ; -
<br /> �� ., nencea loceted thereon or In anywise perta�mng thereto,a�d the rents,�asuea and profits,reversions and remalndere thereol,and ' . • � ���
<br /> - such personel property that ia attached to the improvements so as 10 canatllute a Hxture.includfng,but no�If rnited to,heating and •�• � � �
<br /> caoling equlpment;a�d together with lhe homestead or mantel mterests.�I any.wh�ch interests ere hereby releaied and wafved;all :,�
<br /> al which,including replecements and addlllons thereto,fs hereby dea lared ro be a pert of the real eatete secu ted by 1he Ilen ot thfa (
<br /> - ° Oeed of Trust and ell of the forepofny bemg referred to here�n ae tne "Property". �
<br /> This Deed of Trust ahall secure la� the payment of the pnnaiqal aum and mterest evfdenced by a promissory note or aredit - •
<br /> . agreement deted Fptiri�A'"� �1��� ,hevrng a matunty dato of �lg�t 19 .�92 � � • -,__"_
<br /> In the orlginal principal amount of$ 65�000.00 �_,and any and all modlficaUons, extenelons and renewals '=��_'�_
<br /> � Ihereol or thereto and any and all future edvances and readvances to Borrower lar any ot them if more than one) hereunder h <<y°_,�,:';:-
<br /> pursuant to one or more promissory notes or credit agreementa�f�ore�n called "Note"):11�)tne paymem of other sums advenced by �. �• �` �"-•
<br /> '•�•:�S'rn:.
<br /> � , •� Lender to proteCt lhe secunty of ihe Note;(c)the pertormance ol ail covenanle and agreements of Trustor sel forth herefn;and(d)all t
<br /> present and luture indebtedness and obligations ol8orrower(ar any cl lhem il more than onel to Lender whether dlreat,indllecl.
<br /> ebsolute or contingentand whether arlsing by note,guaranty,ov4�dic�ft or olnerwiae.The Note.th�s Deed o1 Trust and any and all `,...
<br /> other docuents thalsecure the Note or otherwise exeCUled in connechdn Inq�ewdh,including w4Ftout Ilmitatlon guarenteea,seCUrlty �;�_°_..�
<br /> apreementa and assignments of leases and rents,shall be relerred ta herem as tne"Loan Inatruments". � ;'`��'.
<br /> Trustor covenants and agrees wlth Lender as follows: .
<br /> ' 1. Paym�nt ol lnd�bt�dnea�.All mdebtedness secured hereby shan be G��d w„en due. � ,
<br /> i . 2.Tltl�.Trustor is the owner o1 the Property,has the r�ghl and aumor��y ta convey tnu Property.and warranta thAt the lien .
<br /> � � created hereby is a lusl and prior lien on the Property. except foi I�ens and e��cum��ances set forth by Trustor in wntfng and
<br /> � ,. �. • dellvered to Lender before execution o(th�s Deed ol Trust,and the ex�cutlon and tlelwery r.f Ihi�Deed ol Trust does not wolate eny •
<br /> contract or other obllgetfon to wh�ch Trustor �s subiect
<br /> 3.Tax��,As��ssm�nls.To pay before delinquency ali taxes. spe�ani assessments and au other cnoryes aqa�nst the Property
<br /> • ' � now or hereaRer levied.
<br /> 4. In�urane�.to keep the Properly insured against damage by��r�,hnzards included wrthm the term"eRtended coverage",and .
<br /> euCh Other hexarda as Lender may require.in amounts and w�th compemes acCeptable to Lender.naming Lender as en addNional
<br /> nemed Insured,wiln loss payabfe to the Lender in casr ut ioss��nae� suc��poi�ars.tne�ande:� �s autho��zed to ad�ust,collect and
<br /> compromfse,all claimsthereunder and shau have the opt�on ol�upiy�nq an ur part��1 the insurance proceeds 1�)to any indebtednpss
<br /> 98CUred hereby and in such order as Lende�may datermine D�110 Ine Ti usto�to ba used to�the rc�pau or restoraUOn o1 the Prpperty
<br /> or(iif)lOr any otherpurpose or ob�eCt saUSlactory to Lender wdhout all��cung Ih e 4un ot th�s Daed of Trust tor lhelull amouM secured
<br /> , hereby belore such payment ever tauk place.Any appl�cat�on ol pioceeds lo mdebtedness shall not extend o�poatpone lhe due
<br /> dete of any payments under the Note,or cure any delault thereunder or nereunder.
<br /> . � r__._... ��.,.,......,«e.,ae..,e..a h.,i o.,.�o. Tr��nlnr ahatl na�In I Pl1fIP! in such manner as Lendet meY des�9n8te.sutliCi6�1
<br />� � ���-�� • '- J. r�YIYw�vMv�r��.r�w..v`..........����..�� . .
<br /> sums fo eneble Lender to pay as they beCOme d�ie one or more ot the foliow�ng.(n all taxes.assessments and other charges egalnsl
<br /> the Property,(fi1 the p�em�ums on the property msurance requved hereunder.and 1���1 the prem�ums o�any mortgege�nsurence
<br /> requlred by Lender.
<br /> 8. Matnt�nl�nC�, R�paln and Compllanc�wlth Laws. Trustor shall kedp Ihe Property m good cond�tion and repan, snall
<br /> � promplly repair, or replace any improvement wh�ch may be dumaged or destroyed. shp11 not commit or perm�t any waste or
<br /> deterlOretfon of the PrOperty:shall not remove.demOhsh pr gubstant�ally ailer any o�the improvements on the F'roperty.shall not
<br /> commlt,sufler or permd any act to be done m or upon the Properry m v�o1�t�an ol any Iaw.ordinance,or regulation,and shau pay and
<br /> ' promptly dlacharge at Trustor's cost and ezpense all I�ens,encumbrances a�d charges lev�ed. �mposed or assessed against the
<br /> Property or any part thereof.
<br /> 7. Emin�nt OOm�ln.Lender IS hereby asslgned a�l compensal�on,awards,dnmagas and other payments or reliel(hereinaNer
<br /> "Proceeds")In connection w�th condemnatfon or other taking of theProperty or purt Ihereql,ur lor cohveyance m lieu of condemna•
<br /> Ilon.Lender shall be entitled at its ophon to commence.appear in and prosecute�n�IS own name any act�on or proceed�ngs,and
<br /> 6hall also be ent�tled to make any compromise or setl�ement in connection w�th such taking or damege- In the event any port�on ol
<br /> � N�C J�611Honpnru��un�D«E�Rer�O BB �
<br /> , O19qN�IqMIB�MO1ComrnMt�i�usUMS�r�np�bwcvUOnl�ncvinNeb�u� r
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