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<br /> -Y� ACKNOWLEDCiEMENT OF DEEC� nF TRUBT 92���1��.
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<br /> � � — TRIl�TOA READ THtB BEFORB SItiNINO:
<br /> ---- ---- -,�;�` Tnmor undarotend�lhet the docum�nt thtlTrutta l��bout to uc�oub I��ONd of Trutt�nd not a mortp�y��nd th�t tM pow�r
<br /> �_.•� �,---����� ol wl�provld�d for In th�D�ed of Tru�t provldN�ub�npoly dllf�nnt rl�hri and obllp�tlons to TrurWr thm�mortpap�fn tho�veot
<br /> •��s�.���,��� of�dMault or brMah o1 obllp�don under ths�oed of Trwt.lncludlnp,but not Ilmlted to,ths l.�ndAr'�rfpht to •th�Prop�rly wld
<br /> �"°"��`'�'' by tho Tru�wlthout�ny f udlald proaMdlnp.Tru�tor npr�Nnt��nd w�nants th�t lhl��cknowl�d nt wa��x�o by
<br /> .,�F�'�'�`I.,�'�`.:',;;� T�p�tor�th�wcsoWon of th�Qs�d ol Trus� MID-STA�'ES/�NTE�5�3, I . `
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<br /> '�'���� •. Michael A. Toukan� Trustor
<br /> ��y �` �;•� �,�,' Prasident
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<br /> ``�''`-' °� DEED OF TRU9T WITM FUTURE ADVANCES
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<br /> _�r�`�'',x:;,r,°�-� � 15eh Mav ,1�.,�-.bp.aed.srtwnp.
<br /> �•�°'������ ��� • THIS DE�D QF TRUST,ii made H�oi the dey pt .
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<br /> ':•"xv�'�:-:• theTnutor, MID-STATES ENTERPRIS�S INC. .
<br /> ���.i!!�'t!`��.F'�.}4L.ff''.
<br /> � 3894 North Histh &t,. Coluabus. ON ��21�+� (har�n"Tru�tor;'whethar one a mWe�, -
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<br /> ;�s�.�.;e�-- :;�,�� whoW mufllnp pddros6 I�....
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<br /> - — � . ' y th�Tru�t�e. Charles W. Ha Cin e �
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<br /> ``-"��'� ' w h o a o m a l l l n y a d d r e s s I e P• 0 Box 1044, Haetings, NE 68902-1044 (�ro1�°Trust�'7,and
<br />�:.-''A��., � '
<br /> =�-� �� ' '•�`'�'" � tho Boneflclary, City National Benk and Truet Company __ ,
<br />-'����� , ? . J� ` 800 Weat Third Street, Hastinste. NE 68901 (hereln "Lwid�r').
<br /> ;,,_��„ . ., �o whoao maillnp eddreas l�
<br />' +�� ' a�'' � FOR VAl.UABLE CONSIDERATION,Includlnp Lender's extenNon of credlt idenGBod hereln to MLD-STATES
<br />-•�.,�,Y . , , ENTERPRI��, IN� (hereln"Borrower", whether one or more)and the trust heraln creatad,
<br /> - the receipt ot whlch is hereby acknowledped, Truator hereby irrevocably grents,trenafera,conveya end aefi�ne to Truetee,IN
<br />- _ -- :...i� TRU3T,WITH POWER Of 3ALE,for the benefltand aecurlry ot Lender,under and subjeat to lhe termt and condlUon�herelnatter a�t
<br /> � _ :� �
<br /> torth,the real property,descrlbed ae fonowa: All of the East Hali of the Narthwre�t Quarter af tha
<br /> -'� ; Southeast Quarter (E-1/2 NW-1/4 SE-1/k) of Section Twelve (12), Townahip Eleven (11)
<br /> � , North, Range Ten (10) WesC of the 6th P.M.. in Grand Island. Hall County, Nebraska.
<br /> � . excapting therefrom the eaaterly One Hundred Twenty (120.0) feet thereof.
<br /> ;..�.;,;.
<br />��`,�,�, : � '��"' Topether wHh ell bulldlnpa,Improvemenls, Ilxtures,atreets,alleys,passageweys,easemants,rf�hte,prlvllepes and appurte-
<br />' ' � nencea loaated thereon o►in anywfee perteining ihereto,and the rents,lssues and protlta,reverslons and remaindera the►eo1,end
<br /> " ,; such peroonel properly that le attached to the Improvementa ao as to consdtute e Ilxture,I�cludMp,but not Ilmfted to,heatlnp and
<br /> � � coolinp equipmen�and together wlth the homesteed or marllal Intereats.II eny,whlch interests ere hereby released end walved;all _
<br /> " ot whlch.Including replacements and addltions thereto,Is hereby declered to be a pert of the real estaw�oourad by the Qen of thls
<br /> •• � ' Ooed oi Trust end all of the torepolnp beiny raferred to herein as the"Property".
<br /> � ' � � �:�, � Thls Oaed of Truet ahell eecure(a)the peyment ot the principal sum and fnterest evfdenced by a promissory note or crodlt
<br /> ' . apreement deted Mav 15, 1992 ,havin�a maturity date ot geP tember 10, 1992 ,
<br />- ' .: � • In the orlglnal prinalpal amount of S 685,000.00 ,end any and all modlticaUons,extensions end renewals
<br />= � � thereot ar theret0 end any and all tuture advences and readvances to Borrower(or any of them il more than one) hereunder
<br /> • � � purauent to one or more promlesory notes or c�edlt agreements(hereln celled"Note");(b)the payment ol other suma edvanced by
<br /> � Lender to protect the aecurfty ol the Note;(c)the pertormance of all covenant3 and agreements of Trustor set torth hereln;and(d)all
<br /> ' " present and future indebtedness and obliyatlons of Borrower(or any of them If more than one)to Lender whether dlrect,Indlrect ,
<br /> absolute or continge�t and whether arls�ne by note,guerenty,overdratt or otherwlae.The Note,thls Deed of Trust and any and all
<br /> _.. � ', � other docuents that secure the Note or olherwlae executed In connectlon therewith,Induding without Ilmltadon�uaranteea,eeourlry
<br /> � epreements and aeaignmente of leasea and rents,ahall be reterred to hereln as the"Loan Inatruments".
<br />' '� 7rustor covenanta end egreea wlth Lender es tollows:
<br /> •,1`��� 1,p�ymmt of Ind�bt�dnhs.All indebtednesa secured hereby shell be paid when due.
<br /> � � 2.TIU�.Truator Ia lhe owner o(the Property,has the rlght and authority to convey!he Property,end warrante thet the Ilen
<br /> � created hereby Is a flrat and prlor lien on the Property,except for Ilens and encumbrances set lorth by Trustor in wrlting and
<br /> � ' � dellvered to Lender belore executlon of thls Deed ot Truat,and the executlon and dellvery ot thls Deed of Trust doea not vlolate any
<br /> � contract or olher obUgatlon to which Trustor Is aub�ect.
<br /> , 3.Tax��,M�wm�nt�.To pay before delinquency all taxes,9pecial assessments and all other Chargea agalnst the Property
<br /> now w hareaker levied.
<br /> ' 4. In�u►MC�.To keep the Property insured agalnst damage by f�re,hetards included wdhin theterm"extended Covetege",end
<br /> � such other hezards ae Lender may requlre,in amounts and with compenles accepteble to Lender,neminp Lender ea an addlt{onal
<br /> 1 . � npmed insured,wllh los8 peyeble to the Lender.I�case of loas under such policies,the l.ender is authonzed to ad�ue�collecl end
<br /> i compromlae,all clafms thereunder and shall have the optlon ol applying all or part ol the fnsurance proceeds(i)to any Indebtedness
<br /> � secured hereby end In auch order as Lender may determine,0)to the Trustor to be used for the repair or restoratlon of the Property
<br />� w(ill)for any other purpose or ob�ect satlslaclory to Lender wlthout aHecting the I�en of thia Deed o1 Trust for the f ull amount aecured
<br /> hereby before such payment ever took place Any appllcatlon of proceeds to indebtedness shall not extend or postpone the due
<br /> dYte ot any payments under the Note,or cure any delault Ihereunder or herounder.
<br />.- -' �' — - p. C�CfOR.lJpOn YlrriltCri uC�iidiw'vy�oi�uo�,T�uS:�T�����'��••��:.����• t��'=r{i mannor aa I wndar rnav dwSb118te.S�1HICfB�It
<br /> .�,..� .
<br /> ,� suma to enable Lender to pay as they become d ue one or more ol the lollowing�(1)a11 taxes.assessments and other charges agalnst
<br /> the Property.(II)the premlums an the propery msurancn required hereunder,and(�11)the premlums on any mortyaye insuranco
<br /> requlrad by Lender.
<br /> � 8. Malnbn�nc�,R�paln and Compll�nc�wllA Laws.Trustor shall keep the Property m good conditlon and repair,shall
<br /> promptly repeir, or reptece eny Improvement whlch may be damaged or destroyed; shall not tommlt or permit any waste or
<br /> � � deterloratlon of the Property:shall not remove.demolisn or SuosiunUafiy eder uny of the�mprovemenls u��U�a F�updi tr,ohal��ot
<br /> Commlt,auHer or permit any act to be done�n or upon the Property in violatlon of any law.ordmance,or repulatlon:nnd shall pay and
<br /> promptly disChBrge at Trustor's Cost and expense ell Ifens,encumbrances a�d char9es levled. imposed or aseesaed apa�nat the
<br /> Properly or eny part thereof.
<br /> 7. En11��nt Dom�ln.Lender Is hereby 88signed all compensation.awards.damages and other payments or rel�el(hereinafter
<br /> "Proceeds")In connectfon wlth condemnatlon or other taking of the Propeny or part thereof,or for conveyance�n Ifeu o1 condemna-
<br /> tlon.lender�hall be entlfled et ftn oplfon to commence,appear In and prosecute In fta own nameany actfon or proceedings,and
<br /> ehall elso be entitled to make any compromlee or settlement fn co�nect�on w�th auch tek�nq or damape.In the evenf eny portion of
<br /> .. .. M�C 71671Nawyaullur�l DN01�w t0�S!
<br /> O 11MNNqn�IbNpll'WM�MUT�uH��dB�v�nQ�Aatoc�a�wn imcan N�En4�
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