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<br /> ACKNOWLEDQEMENT OF DEED OF TRUBT -
<br /> TiiUBTOR RFAD THIS BEFORE SIONINQ �__
<br /> ° n .�w� , Tn,�stor und�n4ands thd th�dxummt th�t Tru�W r is�bout to exsaub Is�D�sd of Tru�t�cd not a mortpay�and th�t th�pow�►
<br /> " � of rab provld�d for In th�Owd o1 Trwt provida�ubsbntl�lly d�lfennt rlpha and oblipatlons to Trustorth�n�morty�p�In th��wnt
<br /> Of�d�t�ull or brMah of obil �tlon urtd�r th�Os�d of Ttu�t,Inoludlnp,but not Ilmltsd to,th�L�ncNr'�rlphtlo h�v�th�Prop�Ay�otd
<br /> ,; � „. by tho Truat�wlthout anyjudiclel proceedlnp.Truetor rapreeente e r►anh thet thi�ecknowNdpemenf wes sxecut�eJ b�r ��-
<br /> .. Trwto►bdo►�tM uwoutlon of qw Ds�d of Trua�.
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<br /> - ��.a.tK�'.:��::�. Rotk�t ,or
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<br /> :�,.:�:� �•: � t: � �tb�rin� A Fotiat Trustor
<br /> �__ +�ts,�tr�s��; . ��i =-'
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<br /> r� ` �, � OEED OF TRUST WITH FUTURE ADVANCES
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<br /> � i"'" ' � ' TMIS DEED OF TRU3T,is made as of the�._dey oi ��a• ,19 92 by end omonp
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<br /> �`'`;'-'=:`y`•:.'�`��'� the Trustor. J��� B Fo�k�t i C�th�rin� A Ro�lat . hu�b�nd �nd vlf� �
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<br /> '=__�.�=�; 22ZZ N Mh�l�r Av� Or�nd I�l�nd N� 68801-2333
<br /> __ — . �•' ; who�mollinp addreu Is (herein"Truetor;'whether one or moro),
<br /> �.;': . �-
<br /> �r . '.,• • __x •;�?_•T tha Trostw, Fiv� Point� Bank, • Ii�bra�k� Corpor�tion .
<br /> __ . .�. =;.+ whow mallf�p addreu is P.0. Box 1587 ar�nd I�l�nd, IIE 68802 (herein"Truaee"►.and `�
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<br /> ° +- tlw e�noUaiery, Fivo Poiats 8��k � �
<br /> `�: t ` . whoa�nwilinp edd►ew la P.0. Hox is07 [is�nd i�l�nd, IiE. 66802-1307 �herein"Lender"1.
<br /> _ � � • FOR VALUABLH CONSIDERATION,Includinp Lender'e extension of credit idenUlled herein t J�Nt e Ro�k�t -
<br /> k � • �. i Cath�ria� � Fo�k�t (hereln"Borrower",whether one a rnore)end the truat hereln created, —_
<br /> �'�" `"�L4"`-�=':-- �°.� tha recoipi ot wFdaii in iiwei,r ecknowiedqed,Trusiar hereby irrevacabty flrants,iransfars,canveys and assigns to Tru�tao,fN =-
<br /> TRUST,WITH POWER OF SALE,for the benellt and security o1 Lender,under end eub�ect to the terme end condltlonr harolna(ter�et —
<br /> forth,the real property,descrlbed a4 follows:
<br /> • Lot T�n f le. Hlook Tro /21. Coloni�i B�tatn Supdivition, ar�nd I�laad. H�11
<br />. _ • ° •• Counly, N�braaka.
<br /> :;� . "
<br /> . . ; y � • Topether with ell bufldlnqs,improvements,Ilxtures, etreeta,alleys,paesaqeways,easements, rlphta,p�ivlleges and appurte- �
<br /> nanCea located thereon or In enywlee peAeining thereta,end ihe renta,Issues and profits,revereions end remeinders thereof,and -�
<br /> t. - � �4 • such pereonal propeAy that Is atteched to the improvements so as to constitute a ffxture,Includinp.but not Nmited lo,heatinp and "°'
<br /> coolinp equipmenx and topether with the homeatead or marital Interesta,if eny,which Intereats are hereby released and waived;ell �_`�,�.
<br /> �:'i� . •.,.�r.,. `.�r.�.-. of whlah,In�ludl�p rgpin�pmenta end eddiff�na thereto,is hereby declered to be a pen ol tiw reol esl�to wCUrod by tho Ilan Of ihl�
<br /> ��`'• � Daed of Tru�t and all of tho torepolnp beln�reterred to herein es the"Property". ` -
<br /> �.A,.
<br /> .��' Thia Doed of Truot ahall secure(a)Ihe peyment of the principal sum and Interest evfdenced by a promlosory note or crodit � ,1.
<br /> • . °
<br /> ,.r�„ , Q�rewnent dated w11o��t 13th 1992 ,havinp a maturiy dete of 1iov��bfP llth i�92 ___
<br /> �� . 16�020.S0
<br /> . „ , In the orlpinel princfpal amount of S ,and eny a�d all moditications,extenolo�s and renewals �
<br /> ' _ . lhereof or thereto and any end all luture advancea end readvances to Borrower(or any of them If rnae than one)hereunder ��°
<br /> � ^ pureuant to one or more promisaory notes or credit apreements(herein called"Note");(b)the payment ot other sums advanced by �"'�
<br /> } .. ° � � " �� , Lender to protect the aecurlty of the Note;(c)the pertormance ol all covenanta and egreementa ot Truator eet foAh hereln;and(d)all
<br /> ' , p�esent and future Indebtedness and obllyatlons of Borrower;or any ol tham It more than one)to Lenderwhether dfrect,indirecL °-'
<br /> � ' ,. • abaolute or contingent and whether arfaing by note,yuaranty,overdralt or otherwiae.The Note,thfs Deed of Trust and any and all
<br /> otherdocuente thet aecure the Note or otharwlae executed fn connection therewith,Including without Ilmitation guarantees,securlry �T `
<br />' ' �„ " " aaeemeMs and aasfpnments of leases end rents,shell be referred to hereln as the"Loan Instruments". �.,.
<br /> � . - ' �� Truator covenants and egrees with Lender as follows: �-t.
<br /> . ' . 1. P�ymmt ot Ind�bt�dn�n.All fndebtednesa secured hereby shell be pa�d when due. �=-�
<br /> ' 2. TIG�.Ttustor Is the owner of the Property,has the rfght and authorlty to convey the Properry, and warrants that the Ilen
<br /> created hereby is a flret and prior Ilen on the Properly,except for Ilene and encumbrances aet torth by Trustor In writinp and
<br /> , delivered to Lender before exe�utlon of this Deed of Trust,and the execution end delivery of this Deed of Trust does�ot violate any �,
<br /> ' � ; contract or other obligation to whlch Truator Is aubJect.
<br /> � 3. T�x��,Ma��nb.To pay before dellnquency all taxes,speclal asaeasments and all olher charqes apalnst the Property ,
<br /> now or hereafter�evled. �
<br /> • 4. Imuranca.To keep the Property Ineured agafnst damage by tire,hazards included wnhm ihe term"extended coverege",and
<br /> suCh other haiards as Lender may requlre,in amounts and with companfes acceptable to Lender,namf ng Lender as an addit�onal �
<br /> �� named inaured.with loss payable to the Lender.In case ol losa under such pol�cies.the Lender�s aulhonled to ad�ust,collect and �
<br /> ` compromise,ell clalma thereunder and shell heve the optlon of applying ell or pert ol the Inaurence proceeds(i)to any Indebtedness � �
<br /> 1 � secured hereby and In such order as Lender mey determin�.(fl)to the Trustor to be used lor the repa�ror restoratlon of the 1'roperry (
<br /> or(Ilq lor any other purpose or ob�ect satiefectory to Lender without affecting the Ifen ol thls Deed of Trust larthelull amount secured
<br /> harohv hntnro a��rh ruvmont avor Inn4 nlnra An�wnnllralinn n1 nrnrawrla fn inrlwhtarinwaa ahall nn�nulnnri m nnnfnnnw 1hw duw �
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<br /> Q date of any payments under the Note,or cure any defaull thereunder or hereunder. r
<br /> : • • 5. H�arow.Upon wrfflen demand by Lender,Trustor shall pay to Lender,fn auch manner as Lender may designate,suflicfent •
<br /> . " sumato enable Lender to pey as they become due one or more al the following:(f)all taxes,assesaments and olher charges against
<br /> • the Property,(il)the premluma on the properry insurance requlred hereunder,and(Ifl)the prernlums on eny morfpafle insurence
<br /> • , requlred by Lender.
<br /> ; 8. M�Intm�na�,R�pdrs and Compllana wlth Lawo. Trustor shall keep the Properry fn good condltlon and repafr;shall �
<br />- `-r-- - � - prompny repeir, or repiace aay improvnmem wn�cn may oe aamagea or aesvoyna, eneu nui conwulu� pni�n�f any wunin ui
<br /> � deterbratlon o1 the PropeAy;ahall not remove,demollsh or substantlally alter any oi the improvements on the Property:shell not
<br /> , . ccmmit,euffer or permlt eny act to be done fn or upon the Property In violation of Any law.ordfnance.or regul�tion;and shall pay and
<br /> •� ; � promptly dfscherpe et Truetor's cost and expense all Ifens,encumbrances and charpes levled,Impoaed or asaessed ayafnst tne
<br /> Property or any pprt thereol.
<br /> 7. �min�nt Domaln.Lender Is hereby aselgned all compensat�on,awards,damages and other pay ments or rellel(here�naNer
<br /> I "Proceeda")In connectlon with condemnatlon or other Iaking of the Property or part ihereof,or for conveyance In lieu of condemna-
<br /> ! tion.Lender shall be entitled at Ita optlon to commence,appear in and prosecute in its own name any action or proceedings,and
<br /> � 1 shall also be entitled lo meke any compromiae or settlement in connectfon wllh such teking or demaye. In the event any portion ol
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