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<br />� � o FIAME ��DERAI. - GRARID ISi.Af�D '����a'������ ��`' Y, � : '` .'��-
<br /> 221 South E.ocuat�4., P.A. B�x 1009 } � •
<br /> Grand lelend, Nebrmake 88802-100� ��
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<br /> A�KM(yWLEDGMIEN"P TO DEEI' OF TRU�T �"'�=��=_°-��° —
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<br /> The undersigned"Truator"en identiflad In the fa�llowing Deed of Truat,whether one or mor9,understend thet the ;.,Y�,;t-,��.��
<br /> dooument thoy are about to execute le o Deed of T►uet end not e mortgAge, ond that the powor of sale provided tnr , �_.,?�z�;;`-,`_
<br /> in the Deod of Trust providos eubstentlelly different righte and oBllgatlone to the Borruwero thon a martpege fn the , �;:;�t_��rr
<br /> event of a default or breacH o9 abligatlon under tho Dood of Trust,including, but not Ilmited to,the Beneflclary's right " : :���:t _�
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<br /> ;.,, to have the Property identiffed In the foflowing Deed of Truat sold by the Trusteo without any Judlclal proceading. '��;.,;�.,.�..
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<br />• • Trustor represents and warranta that this Acknawtedgment weo exocuted by thom befaro tho executlo�i of tha Deed -�.::��'�`!-��_?!�"�
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<br /> � of Trus�t hereafter set forth. �`'i'�`".-"----_.
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<br /> DANIEL $ ELLTS �-°---- _
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<br /> . DONPTA W �LLIti �!�•�-
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<br /> HOME EO.UITY LINE DEED OF TFil1ST ���
<br /> 'LHIS TRUS'f DEED mede this 28TH day of NOVEMHBR , 199g between �-�--_.�''r---�-3'�--'='--'
<br /> DANIBL B ELLIS AND DONNA W 8LLI8, HU98AbID AND WIHB =.--:��—
<br /> '�i hereinefter call "Trustor", whose mailing address is 2836 w CoTTA(3�, ORAND isi�ANn, NE 68e03 _
<br /> '. Arend R. Ba ack, Attorney,es"Truetee";end Mome Federel 3evings and loan Association of Grend Islend,whoso �,��=--
<br /> meiling eddress is 221 South Locuet, P,O.Box 1009, (3rand Islend, Nebrealce 68602, ea"Beneficiary". �_
<br /> For valueble considaretion,T�ustor Irrevocably grents, trensfers, conveys and assigna to Truatee, in truet, with
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<br /> � �� power of sale, for the benet(t and secudty ot�eneticiary,unaeaa�DUiS�in�Liie niw c���diii�ro 8t 2liSo Dasd ,..�.,—
<br /> of Zrust,the following described property loceted ln --
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<br /> �� Nebreske, to wit: ' � �-�-
<br /> TH5 WB&Z' ONS-HALF (1/2) OF LOT 3EVENTBEN (17) AND THE WEST ONE-HALF � �,;,,;.
<br /> (1/2) OF THE SOUTH TSIRTY-FOUR FEST (3�') OF LOT FIFTIIEN (15) OF •
<br /> BLOCK FOUR (4) IN UNIVERSITY PLACE, AN ADDITION TO THE CITY OF (3RAND • _
<br /> ISLIIND, HALL COUNTY� NEBRA9KA. •�:°
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<br /> elon in It bein �eed thet atl of �. '� ." �� `fr
<br /> together wlth all bufl�ings,4iMurea, improvoments and eppunenences thereunto b g A, 9 , �+•
<br /> � the foregoing shell be horeinafter roforrod to as the °Property". � •�
<br /> FOR THE PURPOSE OF SECURING performance of each egreement end covenent of Trustor hereln contalned and t;,.j%F�
<br /> the payment uf the principal sum of T�$Q THUtlSAND DOLLAtiS & NO/C8NT5 •�.. •;,��•
<br /> Dollars(S 3,000.oo �, as evidenced by a Home Federel Home Equity Loen Agreement between �� i�
<br /> Trustor end Beneficfery(tho"Loan Agreernent"1,pursuant to which Beneficfery will advence funds to Trustor from timo � •; ,
<br />- to timo at the Interest rates and upon the terme provided therein, together wfth any sum or sums of money with i ��;
<br /> � • fnterost therean which may hereafter be peid or advanced under tho te�ms of this Deed of Trust,bot�� principal�um i - �
<br /> � end Intorest thureon being poym6le according to tha terms set foeth in the Loan Agreoment, roforenco to which is � ' a �
<br /> � hereby made, at the affic� of the Beneficlery in Grand Island, �Vebroska, or�t such other pteco es Beneficiery mey , � ,� �
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<br /> designete in writing. '
<br /> � 'r.:
<br /> TRUSl"ER AND BENEFICIARY COVENANT AND AGREE AS FOLLOWS: ;
<br /> „ 1. Werranty of Yitle. Trustor is lawfully seizod of the Property; has good rfght end lawful authority to sell and ,
<br /> convey tF►e Property; the Property Is ireo ond cleer of all Ilens end encumbrances except Ilens now of record; and d
<br /> Trustor wfll werrant and defend tho tlt0e to tho Property unto tho T�uateo and its succossors and assigns forever .�
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<br /> saeinst the clolms of all Rersons. `' �
<br /> 2. Payment of principal encE Interest. Trustor sholl punctually pey the principel of,end intorost on, aii advances -=_•
<br /> � undor the Loan Agreement und wiil punctually perform all agreements, conditiona end provisfons of eny other security
<br /> Instrumunt given in connection wfth this trensaction. �
<br /> • 3. Preaervation end Melntenance of Property. Trustor wflt not commit any wasYe upon the Property at will, at ���
<br /> all timos, maintain the seme In gaod order t+nd condition end will make, from time to tfine, all ropairs, ronowals, I
<br /> replecements,additions end improvements which era reasonably required to prevant westo,impairmant or deterioretfon �
<br />-_ .�� of safd propn�ty. No building or improvament now or herebfter erectod upon tho Property shall be alterod romoved • �
<br /> or demolished without the prior wrfttan consent of Benoficfary.
<br /> � 4. Inaurance. Trustor,et Its expense,will maintafn with insurers epproved by Boneficiory, Insurance with respect
<br /> • to tho improvomants and porsonal proporty constitutinp the Propor4y egainst losa by firo,lightnin�, tornada end othor I
<br />? �. ' perils covored by atandard extended cavoroge endorsement In en amount oqual to at teost ono hundrod parcont of tho •.
<br /> full replocoment value thoreof,end insurance against such other hazards end fn¢uch am4u��as is customarily cnrrfad �
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<br /> 9/94
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