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<br /> E�C�lO�#I���at�B�Ci1�T TO DEE� OF �RtlST ',. ``�.,
<br />� _- The undersigned°Yrustor°as identifted in the fci[owing Deed of Trust.whether one or more,understand tE►ai 4he . ,
<br /> � •�i � document they are about to execute is a Deed og Truat snd not a mortgage,and that the power of sats provided for
<br /> � �r�'' �� in ths Qeed of T►ust provides substar�tialty different rfghts and obligations to tfie Borrowers than a mongage tn the
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<br /> �' � •� - event of a defautt or breach of obligation under the Deed of Trust,irtaluding,but not limited to,the @ene�iciary's right _ �
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<br /> • � . to have the ProAerty identified in the tollowirtg Qeed of Trust sold by the Trustee without any judiaal proceeding. .
<br /> � -. '� Trustor represents and warrants that this Acknowtedgrteent wss executed by them before the exec�ton of the Deed � _
<br /> - � ' of Trust hereafter set forth. - " �: -
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<br /> . . .. . =�-. G���'�'��-� ��;.;,�_� .�
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<br /> . -. �.� ���L�`� tiO�tl� E�UIYIf 1Ji0l� DEED OF TRUST � ��;:,�;:��:;_:
<br /> , THIS TRUST DEED made this 2� day of �Y , 199� between - �
<br /> � �:�. ARDtOI�D 8 PO38 AND CiRACB PO33• HIISBALJD AND WIHB �_..�Y.�
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<br /> - ��;z.;- here3nafter ca11'Trusior°,whosemailing sddress is 108 E 15T8, C+RAi� ISLAND. Ns 688oi __: -_�� �_�
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<br /> � ;as"Trustea°;and Home Pedaral Savings and toan Association of Grand Island,whose •� .�'��-
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<br /> � • ' mailing a�dress is 221 South Locust, P.O.Box 1009,Grand Island, Nebraska 68802, as "Beneficiary". �� .r:,..��-�e
<br /> ` 1 '� For valuabte ccnsidetation,Trustor irrevocabl grants,transfers, conveys a�d assi ns to Trustee, irt trust,wlth ��'
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<br /> - " power of sate,far the benefit artd security of Bene�iciary,under and subject tio the terms and condittons of thia Deed :.,:�, ;��'�==�'-�
<br /> . of Trust,the tollowing described property located in � � ���� ''�°��
<br /> �; Nebraska,to wit: � �����
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<br /> � IAT sBVSN t7f. IN sIACR EI�3t-POUA (e9j, IN W�SLBR ADID sBNNSTT's .• �»-�:;�'..
<br /> � FOIIRTH ADDITIODT TO TSS CITY OF aRAND ZSLAND. AALL COTJL3'PY. NEHRA9RA. � ,;::,��._
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<br /> • ' togethe��nrith ail 6uildtngs,fixtures,improvements and appurtenances thereunto belonging,it being agreed that atl of .. •�
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<br /> �.� ' the foregoing shall be herainafter referred to as the °Property". � ' � � .
<br /> � ':? FOR THE PURPOSE OF SECURING performance oi each agreement end covenant of Trustor herein contained and �� :�
<br /> . • , the payment of the principel sum of T�� � T�IISarm nota.nRS a xo/c�rs � �•
<br /> � Qollars(� 2�,000.00 ►, as evidenced by e Home Foderal Home Equity l.oan Agreement between . �
<br /> � ` Trustor and Beneflciary(the"Loan Agreement"?,pursuant to which Beneflciary will advance funds to Trustor from time � ' �
<br /> �; to time at the interest rates and upon the terma provided therein, together with any sum or sums of money with �.
<br /> °` • ' interest thereon which may hereafter be paid or advanced under the terms of this Deed of Trust,both princtpal sum . • •.
<br /> • and interest thereon being payable according to the terms set forth in the Loan Agreement, reference to which is � .
<br /> hereby made, at the offlce of the Berte`Eciary in Grand Island, Nebraske, or at such oth2r place as Beneficiary may . . .
<br /> • . .. designate in wtlting. •
<br /> �. TRUSTER AND BENEFICIARY COVENANT AND AGHEE AS FOILOWS: �. .
<br /> � - , 1. Wananty ot Tltte. Trustor is lawfully seized of the Property;ha9 good right and lawiul authorlty to seti and ' � '
<br />• convey the P►operty; the Property is free and clear of atl liens and encumbrances except liens now of record; and '
<br /> . • � Trustor will warrant and defend the titte to the Property unto the Trustee and its succassors and assigns forever .
<br /> against the claims of ell persons. � � � �
<br /> '• 2. Payment of P�tncipol and tntsrest. Trustor shall punctually pay the principal of,and interest on,atl advences � .
<br /> under the Loan Agreement and will punctually perform atl agreements.conditions end provisions of any othet security �
<br /> instrument given 1n connection with this Vansactlon. " . . . � �
<br /> 3. Pireservatlon and Meintenance of PropeQty. Trustor wiil not commit any waste upon the Property at wiil, at
<br /> • all times, maintain the same in good order end�condition end will make, from time to time, aii repairs, renewats, : •
<br /> � replacements,addltions and lmprovements which are reasonably required to prevent waste,impairment or deterloration .
<br /> • of said property. Ns building or improvement now or hereafter erected upon the Property shall be altered removed :
<br /> • or demoUshed without the prior written consent of Beneflciary.
<br /> ' 4. Insurence. Trustor,at its expense,w111 maintain wlth insurers approved by Beneficiary,insurance wlth respect �
<br /> to the improvements and persanal property constituting the Propeny against loss by f1re, lightning,tornado end other
<br /> - . j perits covered by standard extended coverage endorsement in an amount equal to at least one hundred petce}�j ot the � • . .
<br /> . � . ; full replacement value thereof, and insurance against sucfi other hazards and in such amount as is customarity carried �
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