|
..:.� . ,
<br /> ..�;� .... ;,, i .
<br /> , �„-...,.. . _... , ..�� � .,..,.._ . . _.. ._ .._ . ..__---... _
<br /> . ,,. --- ......_._ -_.� ..... �-
<br /> .._.. _.. . .. ... . . ,
<br /> APPL# 001-OOU43319 ��j���
<br /> .. ,,_ .
<br /> �. . CCD# 0100475256 .?+ .-__ �
<br /> • vp...
<br /> L
<br /> . � �.,- --
<br /> �`'_
<br /> HOME FEDERAL - GRAND ISLAND � __-
<br /> 221 South Looust St., P.O. Box 1009 ' -
<br /> i G�and Island, Nebreske 68802-1009 .�•�_��
<br /> sos-�ez-aaoo g�_ 1�;1v95 -�•��..
<br /> ;`Y-
<br /> .NIr�•
<br /> J ACKNOWLEDGMENT TO L1EE0 OF 7RUST �����:�ry
<br /> The undersigned "TrusYor"ea Identified(n the foilowing Deed of Truat,whether onoor more,urderatand that the - -
<br /> .�•+•+�+�"""� document they are about to execute Is a Deed of Trust end not A mortgage, and that the power ofaele provided for _--
<br /> •^ "'�"'� in the Deed of Trust provides aubstantially different rights and obligattons to the Borrowers than e mortgage in the _-
<br /> � event of a default or breach of obligation under the Deed of Trust,including,but not li mited to,the Beneficiary's right _
<br /> �' to have the Property identified in the following Deed of Trust sold by the Trustee without any judlcial proceeding.
<br /> ; Trustor represents end werrants that this Acknowledgment was executed by them before t e execution of the Deed _
<br /> � of Trust hereafter set forth. __
<br /> .{ � �
<br /> � � -
<br /> TIMOTHY d CH BR _
<br /> �� /J, i -
<br /> . �Jt�fl,'!( , ����l:�G/! � J �
<br /> TRUDY A LUCKSIN(3ER
<br /> y L_
<br /> �. HOME EO.UITY LINE DEED OF TRUST �
<br /> 7HIS TRUST DEEp made this qTH day of FEBRUARY , 1998 between
<br /> '1� TIMOTHY (i LtICHSINOSR AND TRUDY A LUCHSSNOBR� AKA TRUDY ANN FRENCH� HUSBAND AND WIFE
<br /> hereinafter call "Truator",whose mailfng address fs 2509 MILL RIVER RD, aitANn isi�ANn, NB 6B801-7372
<br /> =;� ;as"Trustee";end Home Federat Savings and toan Assoclatlon of Grend Island,whose —
<br /> meilfng address is 221 South Locust, P.O. Box 1009, Grand Island,Nebraske 88802,es "Beneficfery".
<br /> � For valuable consideratfon, Trustor irrevacebly grants,transfers, conveys and assigns to Trustee, in trust, wfth
<br /> power of sale, for the benefft and security of Beneficiary, under and aubjeot to the terms and conditions of this Deed
<br /> of Trust,the foilowing described property located in �L �
<br />__.- - _. _ _ (�csMrpcka, to wit:
<br /> LOT TWELVE (12) , BLOCK THREE (3) , OLDE MILL SUBDIVISION, IN THE CITY _
<br /> „�.
<br /> OF CiRAND I3LAND. HALL COUNTY, NESRASFW.
<br /> together with ell bufldings,fixtures, Improvements and eqpurtenances thereunto belonging,it befngegreed that all of
<br /> the foregoing shall be hereinafter referred to as the"Property".
<br /> FOR THE PURPOSE OF SECURING performance of each agreernent and covenent of Truator herein contalned and
<br />-�. - �, the payment of the principal sum of THRSE THOUSAND DOLLARS s No/cerrrs
<br /> s
<br /> �' Dollars(8 3,000.00 ), as evidenced by e Home Federal Home Equity Loan Agreement between
<br /> 7rustor ond Beneficiary(the"Loan Agreement"),pursuant to which Beneficiary will advance funds toTrustor from time
<br /> � to time at the interest rates and upon the terms provided therein, together with any sum or sums of money with
<br /> interest thereon which may hereafter be paid ar advanced under the terms of this Deed of Trust, both principal sum —
<br /> and Interest thereon being payable eccording to the terms set forth in the Loan Agreernent, reference to which (s -
<br /> hereby made, at tha office of the Beneficiary in Grand Island, Nebraska, or at such other place as Beneficiary may ���`_Q_
<br /> '-_--
<br /> designate in writing. � --
<br /> `� TRUS7ER AND BENEFICIARY COVENANT AND AGREE AS FOLLOWS: '
<br /> { 1. Werrenty of Title. Trustor is lawfully sefzed of the Property; hes good rfght and lewful authority to sell and �
<br /> � convey tha Property; the Property is free and clear of all liens and encumbrances except liens now of record; and
<br /> ; Trustor will werrant end defend the title to the Property unto the 1'rustee and its successors and assigns forever
<br /> { against the claims of all persons.
<br /> � 2. Payment oi Prtncipa) and Interest. Trustor shall punctually pay the principel of,and interest on, all advances
<br /> under the Loan Agreement and will punctualiy perform all egreements, conditions and provisions ofeny other security
<br /> instrument atven in connection with this trensaction.
<br /> L_.__-
<br /> 3. Preservation and Metntenance of Property. Trustor will not commit any waste upon the Property at will, at � �---
<br /> all times, maintain the seme in good order and condition and will make, from time to time. all repairs, renewals,
<br /> replacements,additions and improvements which are reasonebly required to prevent waste,impairrnent or deterioration �
<br /> of said property. No building or improvement now or hereafter erected upon the Property shall be alterad removed �
<br /> or demolished without the prior written consent of Beneficiary. �
<br /> , 4. Insurance. Trustor,at its expense, will maintain with insurers approved by Beneficiary,insurance with respect i
<br /> to the improvements end personal property constituting the P►operty against Ioss by fire, lightning,tornado and other
<br /> perils covered by standard extended coverage endorsement in an emount equal to at leest one hu ndred percent of the �
<br /> full replacement value thereof, and insurance against such other hazards and in such emount as is custbmarlly carried �
<br /> �
<br /> � 9/94 408-1 I
<br /> I
<br />
|