|
89_ 103452
<br />ACKNOWLEDGEMENT OF DEED OF TRUST
<br />TRUSTOR READ THIS BEFORE SIGNING:
<br />Trustor understands that the document that Trustor is about to exeouM Is a Dead of Trust slid net a ntorgage and that the power
<br />of sate provided for in the Dsed of Trust provides substantially difhrsM tights and oMigatkme to Truster than a mw%iope in the ~I
<br />— - _ --
<br />r.
<br />of a dehult or breach of obligation under the Deed of Trust, Including. but not 11mlted to. the Lendsf's right to have the Property Sold
<br />by the Tcusitaae without any judicial proceeding. Trustor represents a antis that this aeknaw !was executed by
<br />Trusbr before the execution of the Dood of Trust.
<br />•
<br />(Ro Clair Trustor dhxabatrd)
<br />1
<br />_
<br />i
<br />(JoqrJ L. Clam$ Trwir. a
<br />;4..
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />`' :'
<br />THIS DEED OF TRUST, is made as of the ..34th . day o1 JAIDa �t 1ti�g., . by and aTvAV
<br />''•r
<br />I
<br />the Trustor. kr Raab
<br />whop m"" address,b UA 9- piOs:.Ldlr Ld4 1, mr segint (herein "Trustor;' whitfli:.ons or moms
<br />I
<br />the Trustee. Wi113aa G. Blackburn. _al 'member of the; IRE sM•te par Assn.
<br />Z
<br />,
<br />whose r%t Aling address is 2-0, Mix 221W Grand island HE ft9>902 - (htlr n "Trustee'), and
<br />tote Bermficlary. w1M.
<br />„ §8802 (herein "I~).
<br />whose mailing address is pmt• Hex tSO7 Grand inland �E
<br />FOR VALUABLE CONSIDERA,TOON. including Lender's extension of credit identified herein to R _GL3xk Ana t nri L.
<br />Clark, -Husband G Wife (herein "Boirotwea, ", whether one or morn and the trust herein created,
<br />the rreceipt of which is higreby acknowledged. Tin,tstor hereby irrevocably grants, transfers, conveys and asa(y(rts to Trustee. IN
<br />TRUST. WITH POWER OF'SALE, for the benefit a,�d security of Lender, ur4e;r: and subject to the terms and condit onsf%oreinaftar set
<br />forth, the real property, described as follows:
<br />Lot Seven (7), in Block rive (S), in John Voltle's Addition to the City of
<br />Grand ialaiad, Full County, NE
<br />Together with all ttulk ings, improvements, fixtures, streets, alleys. passageways. easements, rights, privileges and appurte-
<br />nano" ftalad thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and
<br />aucn personal propoftftt Is attached to the improvements so as to constitute a fixture, including, but not limited to. heating and
<br />cooling eaulpment and osipther with the homeateed or marital interests, if, aoy, which interests are hereby released and waived-, all
<br />`
<br />of which, including replacements and additions N*v eto. Is hereby declafed to be apart of the real estate secured by the lien cf +(his
<br />Deed of Trpel and all of tote foregoing being referred to herein as the "Property"
<br />t
<br />'
<br />This Vised of Trust shall secutir'(s) the payment of the principal sum and interest evidenced by a promissory note or credit
<br />agreement dated arms 30• 19ag _ having a maturity date of ,TnILX �• - 1443
<br />in the original principal amount of $8,000 -nn and any and all modifications, extension. and renewals
<br />thereof or thereto and any and &P future advances and remdwances to Borrower (or any of them it more titntt'ri orte) hereunder
<br />pursusintt to one or more promissory notes or credit agreetraeri MQ-orafn called "Note "); (b) the payment of other Sauna advanced by
<br />Lender to protect the *security of the Nob; (c) the performance of all coveowts and agreements of Trustor set forth herein; and (d),all
<br />present and k4we iftsbiedness and obligations of Borrower (or any of Ittam is more than one) to Lender whether direct. Indirwt,
<br />absolute or contingent1 and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all
<br />Other docuents that secure the Note or otherwise executed in connection therewith, inc,uding without limitation guarantees, security
<br />-
<br />agreements and assignments of losses and rents, shalt be referred to herein as the -Loan Instruments ".
<br />Truediix covenants and agrees with Lancer, as foaows-
<br />1. RaycrterN of Iaiabl dne e. All Indebtedness secured hereby shalt: be paid when due.
<br />2. rAhL Trustor. Is•ttte owner of the Property, has the right and authority to convey the Pmpi*AW, and warrants that the.ffen
<br />crestast,.flereby is a, fTOA. and prior lien on the Property, except for liens and encumbrance$ set lctht by Truster in writing and
<br />dNivwodr to Lander before exactiff -en of this Deed of Trust, and the execution and debi+ra-ri+ of this Heed of Trust duam not violate any
<br />contrakt.tar� other obligation to -01igh Trustor is subject-
<br />3. ` saw AmmomseMl. To pay before delir. �z ency all taxes. special assessments and all other charges against the Property
<br />now or hereshsr Ivied.
<br />/. hummaaee. To keep the Property Insured against damage by fire, hazards included within the term "extended coverage°, "and
<br />such other hazards as Lender may require, in amounts and with companies acceptable to Lender naming Lender as an additional
<br />named insured, with loss payable to the Lender. In case of loss under such policies, the lender is authorized to adjust, collect and
<br />compromise. all claimsttwounder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness
<br />secured hereby and in such order as Lender may determine. (u) to the Trustor to be used for the repair or restoration of the Property
<br />- -
<br />or (►ii) for any otter purpose or cbject satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured
<br />s
<br />trG eby before such p.- ycr.:nt via; took place Any app :.cat;on of pr"eeds to indebtedness shall not extend or postpone (lie duce
<br />dab of any payments undo the Nob. or cure any default thereunder or hereunder.
<br />f
<br />S. tiowswi. Upon written dernand by Lender. Trustor shall pay to Lender, in such manner as Lender may des:•gnate, sufficient
<br />sums to enable lender b pay as they become due one or more of the following: p) all taxes, assessments and other charges against
<br />the Property, (n) the prartvums on the property insurance required hereunder, and (iii) the premiums on any mortgage insv3sce
<br />roquiired by Lender
<br />B Msialstu . (topoirs anal Compilleace with Laws. Trustor shall keep the Property to good condition and repair, shall
<br />pt*mptty repeir, or replace any improvement which may be damaged of destroyed; shall not commit or Permit any waste or
<br />deterioratiion of ttte Property; shall na remove. demolish or substantially after any of the improvements on the Property; shall not
<br />c omfnik fuller or permit any a A to be done in or upon the Prop" in violation of any taw, ordinance. or regulation. and shall pay and
<br />prrxn"y el. hargrr st Yrt,srrx's 4 wt ortA runs* ill lions, yncurribroncos at:d charges levied. imposed or assessed BLtaina! the
<br />Prai;>wirty or any part thereof
<br />I tlllhwA Domotn. Lender is hereby assigned all comperiyation, a*ards. damages and other payments or rebel (hereinafter
<br />Prx,sode'•I in conwpOn w,iit cottdernnabon or other taking of the Property Or part the, cut or t --r conveyance in lieu of condemna-
<br />t,an Lwdtw sfia5 be unit .,flod at its option to cUmn-ionce. appear in and prosecute in ,t, cirrn name any act,dn or proceedings. and
<br />101A t #080 tJOSTI Bled t9 mmka am conriprCfri,se Of sottlentent in connection w.!ti Duo n t?Kinj or damage in the event nny portion of
<br />0 ,w16...W*60 .ac ,- ••.,.-. :.♦cs -a :,• ;••., ., k.4,:w•
<br />
|