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<br /> `� Bi(�f1P�E FEDERAL - GRA�RiD ISLARlD �„ ���1�� �.. . ,� u-
<br />. � 221 South Locust St.. �.0. Box 1 Q09 9� _ . ,. '_ - ,.-
<br /> Gr�nd Isl�nd, R1ebr�stca 688�2-1009
<br />`�°1 308-382-40�0 - - ---- . ` �-_
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<br /> �►CKRIOWLEDGNIEEV�' TO DEED OF TRUS� � .� '�:,��:
<br /> . The undersigned°Trustor"as identified in the following Qeed of Trust,wheihar one or more,understand that the _ __ _
<br /> documeni they are about to execute is a Deed of Trust and not a mortgaga,and that the power of sale provided for ___ _. _ .,.._\-_._
<br /> ` in the Deed of�rust provides substantiaily different rights and obligations to the Borrowers than a mortgage in the ,.. _�
<br /> event of a default or breach of obiigation under the Deed of Trust,includirtg,but not limited to,the Beneficiary's right : ���
<br />• to have the P�roperty identifisd in the follawing Desd of Trust sold by the Trustee without any judicial proceeding. , � �, :
<br /> Trustor represents and warrants that this Acknowledgment was executed by them before the execution of the Deed [ _. . . _;�M__
<br /> of Trust hereafter set forth. • .- . ''�,"� �
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<br /> R BROWNELI. . l
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<br /> P BROWNSLL •;;�---:,� - -
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<br />� `�� HOME E(2UITY LINE DEED O� �RUST � �� `�-`�::�-�
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<br /> THIS TRUST DEED made this 13TS day of �� • 1997 bet`^�e� _ _ �-- '�`?�-�'�
<br /> �R�...�e-� _•-.�
<br />' JOHII R SROWN6LL AND D2AN8 P BROWNSLI.. HUSBAND AND WIFB -----.'�.�._____�_�
<br /> hereinafter cell "Trustor",whose mailing address is 4309 QIIAIL LANE, GRAND ISLAND, r7s 6seoi ' ;ti
<br /> ;as"Trusteo°;and Home Federal Savings and loan Association of Grand Island,whose `=�����;„�
<br /> mailing address is 221 South Locust, P.O.Box 1009, Grand Island.Nebraska 68802, as"Beneficiary". `• �_.�.-
<br /> For valuabte consideration,Trustor i►revocably grants,transfers, conveys artd assigns to Trustee, in trust,with •Lz
<br /> power of sale,tor the benefit and security of Benz�iciary, under and subjec4 to the terms and conditions of this Qesd, '�'
<br /> . of Trust,the following described property located in G1�,Nn ZSLArm, HAr.L
<br /> Nebraska,to wit: '•-
<br /> LOT BIGHTESN �18) . BAC37+E LARB ESTATES SIIBDZVISION, HALI+ COIII3TY, � ' `Ty
<br /> � NEBRASRA. $A ��n4•r-;''�'�
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<br /> together with all buildings,fixtures,improvements and eppurtenances thereunto betonging,it being agreed that a11 of =_-
<br /> � the foregoing shall be hereinafter referred to as ths"Property". � ''�����''�T�
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<br /> FOR 7HE PURPOSE OF SECURING performance of each agreement as►�covenant of Trustor herein conteined and =_ _
<br /> the payment of the principal sum of T�TY L'� TxOUSAND DOLLARS b NO/CENT9 �-��----- • _
<br /> 25,000.oo �, as evidenced by a Home Federal Home Equity Loan Agreement beriveen '''"�'�"''�"':
<br /> Dollars(S �`''�!"►�°'�-
<br /> Trustor and Beneftciary(the"Loan Qgreement"1,pursuant to which Beneflciary will advanCe funda to Trustor irom time ���1 �.,;ux.�,;�w
<br /> to time at the interest rates and upon the terms provided therein, together with any sum or sums of money with �.��;�, Y�;ry. .
<br /> interest thereon which may hereafter be paid or advanced under the terms of this Deed of Trust, both principal sum ,,,,;�,�.:�,a...
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<br /> and interest thereon being payable according to the terms set forth in the Loan Agreement, reterence to which is ���,�_z . .
<br /> ' hereby made, at the offtce of the Beneficiary in Grand Island, Nebraska, or at suah other place es Beneficiary may �. : . : �
<br /> designate in writing. ��� � .�"- �
<br /> f TRUSTER AND BENEFICIARY COVENANT AND AGREE AS FOLLOW5: � • • �
<br /> 1. Warranty of Titie. Trustor is lawfulty seized of the Property; has good right and lawful authority to sell and • '
<br /> convey the Property; the Property is free end clear of all liens and encumbrances except liens now of record; and _
<br /> T�ustor will werrant and defend the title to tb� Property unto the Trustee and its successors end assigns forever . �
<br /> ` against the claims of all persons. ' ��°=:r�:'t�?�:�. �
<br /> 2. Payrttan3 of Principal end Irttereat. Ttustor shatl punctually pay the principa! of,and interest on, aIl advances
<br /> under the Loan Agreement and will punctually perform all agreements,conditions and provisions of any other security
<br /> � instrument given In ccnnection with this transaction. . .
<br /> � 3. Preservatlon and Malntenance of Property. Trustor will not commit any waste upon the Property at will, at
<br /> all times, maintain the same in good order and condition and will make, from time to time, all repairs, renewals.
<br /> � ; replecementa,additions and improvements which are reasonably required to prevent waste,impairment or deterioretion .
<br /> � of said property. No building or improvement now or hareafter erected upon the Preperty shall be atte�ed removed .: : :
<br /> . i or demolished without the prior written consent of Beneficiary. , � •
<br /> 4. (nsurunce. Trustor,at its expense,wiil maintain with insurers approved by Beneficiary, insurance with respect . .
<br /> �. I to the improvements and persona)property constituting the Property against loss by fire,lightning,tornado and other , _
<br /> � � perils covdred by standard er.tonde�covsrage endorsement in an amount equal to at teast one hundred percent of the . �_
<br />- '-'� fuii repiacernani velue ihersot, an�!insurancr agaisssi su�h flther h�zard4 end in such amount a�is custvmariiy wrried _ _ ____ _
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