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<br /> �,� A�KNOWLBD�iBMENT OF DEED�DF TRUST --
<br /> -- � -- ---�.- Y--- TiiUBTQR RL'AO THIB BEFORE 81f�NINO: ����
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<br /> '"�'"``"a� Tru�tor und�ntands th�t th�doaum�nt th�t Tru�tor I�about to ex�aute I��D�ed of Tru�!�1fQlrota mort��pe md fh�tth�power
<br /> ol�provid�d fa�n th�DNd ol Tru�t provldN�ubtt�nGdly dlH�nnt riphb�nd obllp�pon�to Tru�tor th�n�mortpap��n 4h��vmt
<br /> :�as�• of a d�t�ult or brwch af obllpaGon unda th�DNd ol Tru��Includinp,but not Ilmited to,the l�ndar'�ripht to hav�th�P►operty�old �
<br /> �. by th�TrostM wllhout any�udlol�l procMdinp.T�u�tor npr�Mnts�nd w�rnnb th�t thu�aknowlodpsment wa�x�ou�W by —
<br /> . "!, f; . TruMOr bNon th��x�ouqon of th�DNd o1 Truq.
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<br /> -�� ' ROUAi.D iiGE Truewr f
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<br /> ----� Trurtor _„
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<br /> ��'a, .� .� DEED OF TRUBT WITH FUTURE ADVANCES
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<br /> "^�'r��• �'�'`°'�� TNI8 DEBD OF TRUST,is made os of tha 1�_dey of ��a. , 19�Z by end amonp
<br /> �� ti� �` '�:.�� flle TRlstOr. E1pY�L-D R TAG[3E �inq��,,,Q�r�on ,
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<br /> —"�i�.�.: ° � �•; ., whow m�lllnp addreta I� Zi1S i1 LAFAYBT7'E arand I�landhareln"TruBto�;'�whge�eroneormora), c
<br /> �--y� '",se�y's�:�'hwX
<br /> `,;`."�' :. << the Tru�tao, r+iv� Point� H�nk. • N�bra�k� Corporo�iofl , =
<br /> ������ P.O. Box 1307 [ir�nd I�land, NE 68802
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<br /> whow rtwllinp addre�s la (hereln"Trulte�'7,and
<br /> � ,. the eenetlalary. Piv� Point• B�nk , �..
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<br /> �' `r ; '•a'� �' ...: whoae mollinp eddre�s is P O Box iS07 (ir�nd I�l�nd. NE. 68802-1607 �herei�"Lmdor'q• —
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<br /> • ;��k"�"�`�°�`"' ' FOR VALUABLE CONSIDEHATION,inaludiny Lender's exteneion of credit Identlfiod fwreln to
<br /> , - _a'��++._' _RONALD R TAf30E (h9reln"Ebrr�w9r",whather one or more)and ihe huet heraln creabd,
<br />-�.'h'���' ,''`" fhe recolpt o1 whlch la hereby ecknowledped,Truetor hereby irrevocobly grants,transfere, conveys and assiyna to Truetee,IN
<br /> . „ ,. ,;°� . . TRUST,WITH POWER OF 3ALE,'or the benefit and aecurlty of Lender,under end aub�ect to the terms and conditlons he�elnaker iet
<br /> � forth,the real proparry,de�cribed ae folbwe:
<br /> ' LOT TEti 110), IN BLOCK ONE tl) I8 SCARFF'S ADDITIOH TO MEST LAMIi IN THE CITY
<br /> � „ OF GRAMD ISLAND, NALI. COUMTY. �l6BRASKA.
<br /> � ,�,
<br /> . . Topether with ell bulldf�ps,improvements,ilxtures,atreets,elleys,pasaeyeways,easemenls,riphW,privilepes and appurte-
<br /> . nences loceted thereon or in anywise pertelninq thereto,and the rents,Issuea and proflts,revereiona end remaindere thereof,and _
<br /> � � .:;,k auch perso�al properly that Is atteched to the Improvements so as to constitute a tixture.Includinfl,but not Ilmited to,heatlnp and
<br /> . cooling equfpmenh end together with the homestend or maritel Intereats,if any,which f�terests are hereby released and walved;all �_
<br /> , ol whlch,Including replecements and additlons thereto.Is hereby declered to be e pen of the reel estate oecured by the Ilen of dtis
<br /> �� . '� Daed of Truat and all of the foreyolnp belnp referred to hereln as the"Property". —
<br /> �� � • This Deed of Truet ahall secure(a)the payment ol Ihe principal sum end interest evidenced by a promissory note or aredit i�-
<br /> 1;'„ ..
<br /> .m,�;�� ° , apreement dated Augua! 14th 1992 —,heviny a maturity date ol Sapte�bQr lst 1997 , [ `
<br />� , . ,.
<br /> � in the oripl��'�rinclpal a�uuw�l oi� �.�0•� ,and any and all modllications,extenslons and renewels '°
<br /> thereof or thereta and any and all tuture advances and readvances to 8orrower(or eny oi ihem II more than one) hereunder --�=
<br /> , � pursuant to one or more promiesory notes or credit apreements(hereln called"Nnte");(b)the payment o1 other sums advanced by ��_�'
<br /> � � Lendor to protect the sacurity o1 the Note;(c)the performance of all covenants and agreements of T�uetor aet forth herein;and(d)all
<br /> ' . ' preeent and luture indebtedneas and oblipations o(Borrower(or any ol them il more than one)to Lender whether direct, indirect,
<br /> � . , V ebaolute or contingent and whether erising by note,puarenty,overdralt or otherwiae.i he Note,thls Deed of Truat and eny end all
<br /> other doCUents that 8ecure the Note or otherwise executed in connectfon therewuh,fncludinp without Ilmlfetlon fluarantees.securily �''-'
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<br />' ' . - � epreements end esslgnments of leases and rents,shall be referred to hereln as the"Loan Instruments". �. �°
<br /> .;�yc,b:: - Truator covenante and agrees with Lende� as follows: �^�'
<br /> ' � ° ' � 1. Paym�nt o1lnd�bMdn�a.All Indebtedness aecured hereby ahall be pald when due. `
<br /> .. ' , 2. Tltl�.Trustor Ia the owner of the Property,has the rlphl and authorly to convey ihe Properly,and warrante thet the Ilen
<br /> created hereby Is a flrst and prior lien on the Property,except for Ilens and encumbrances set lorth by Trustor In writing and
<br /> � � de8vered to Lender before executfon o1 thla Deed of Trust,and the execution and delivery ol this Deed of Truat does�ot vlolete any
<br /> contrect or other obllgatfon to which Truator fs aub�ect. i
<br /> •. 3. T�x��,An�sun�nts.To pay betore dellnquency all taxes,special assossments and all other cherpes eflainst ihe Property '
<br /> �
<br /> � • now or hereafter levled.
<br /> , „ 4. In�uranc�.To keepthe Property fnsured agafnst damage by fire,hazards Included w�lhin Ihe term"extended coverage",end ! .
<br /> . • _ such other hazarda ea Lender may requfre.In amounts and wfth companies acceptable to lendar,naminp Lender as an eddittonal f
<br /> named inaured,wlth loss payeble to lhe Lender.In case ol loss under such policies,lhe Lender Is euthorized to adJust,collect and
<br /> ' • � Compromlae,all clalme thereunder and shall have the option of applying all or part of the Insurance proceeds(q to any Indebtedneas
<br /> . � • secured hereby and In such order as Lender may determinr,(II)to the Trustor to be used for ihe repalr or reatoratlon of the Property �
<br /> � • or(fll)1or any other purpose or obfect satis(nctorv to Lender wllhout aHectinfl the lien ol thia Deed of Trust tor the tull amount secured
<br /> - �— �--- hereby bebre such peyment ever took place. Any application of proceeds to indebtedneas ahell not exlend or poslpone the due ;
<br /> , date of any paymenis undor ihe Note,or cure any default thereunder or hereunder. �
<br />, 5. Etcrow. Upon wrltlen demand by Lender.Trustor shall pay to Lender,In such manner as Lender may desfgnate,sufllcfent
<br /> -, sums to enable Lender to pay as they become due one or more ol the following:(I)all taxes,assasaments and other charges egafnst
<br /> . ., ` �- ihe Property,(If)the premlums on the property Insurance required hereunder,and(iff)the premlums on any mortgafle Insurance
<br /> ° , requlred by Lender.
<br /> " � -- -"� � 6. iM�ini�nrnc�,R�p�in ana rompllanc�wlth Lew�. I ruator shall keap tne Nroperry in gooG conclnion ana repa�r; sna�i
<br /> • promptly repalr, or replece any improvement which may 6e demaged or deatroyed; shall not commlt or permft any waste or
<br /> " ' deterloratlon of the Property;ahell not remove,demolish or substentlalty alter any ol the Improvements on the Property,shall not
<br /> ,� commft,autter or permit any act to be done In or upon the Property fn vfolatfon of any law,ordlnance,or repuletlon;and shall pay and
<br /> . promptly dlscharge et Truetor's coat and expense all Ilena,encumbrances and char�es levled.imposed or assossed epalnst the
<br /> . , . Property or any pert Ihereof.
<br /> , .,. 7. EminNlt Dom�ln.Lender is hereby asslyned ell compensetlon,awards,demagea and other paymente or rellet(hereinefter
<br /> ' "ProCeeda"j In connectlon wlth condemnetlon or other taking o}the Property or part thereof,or tor conveyance in Ileu of condemna-
<br /> . ' ,,. tlon.Lender ahell be entitled el Ita optlon to commence,appaer In and prosecute�n its own name any aatfon o�proceedinga,and
<br /> ahall also be entltled lo make any compromise or aettlement In connection with such teking or d9'mege.In the event any portlon of
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<br /> N�C�671Non�p�KUltur�l D�wfl Rw 10•eB
<br /> 1 O 19N N�Iqn�l/�n4 W Comm��c�T�u�t�nOS�r�ny�Atwc��lwn.Lmcoln N�M�q� ,
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