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<br /> _:�,�=� �� 97- �a3�'�3
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<br /> IA��flA�:1F TRUST WITH FU'I'UR� ADVANCES
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<br /> Tluts ITGEU Or TR.QJ.":�f in made this 24th day of Aprii, 1997, by and arnong JAMES R TUREIC aRd ,._
<br /> IMIOGENT M. TL11�,�fG, hual�s�s�d And wife, hereinafter refened to as "Trustors," whether one or mose, �"_':"�"
<br /> w�Q��;„A,:r,��,V addr�nc iFl 3l1�6 .�'ntt�uth 130th Ro�ld, WQOd River,Nebras9e�68883;THE STAT�BA1vK OF ��-�
<br /> � CAIIaO, s N�brASka ��ntt��g �CorporAtion, hereimafter referred to as "Tr�stee," whose rnuiling address is ��
<br /> . �� 13oi 428,e:Air.+�>I+i�einr��t�a �€�82�:aatd THE S'�ATE BA1V�OF CAIRO, A Neb�ruk9 Bsnl�ng Corporatiou, `-
<br /> , � hereinaftec r�sferrPd t�ap"�ena�,�ciarY."N+hose mailing address is Box 428, CAiro,NebrasW► 65824. _..
<br /> Foz valunblc; car��idsrttin�n, Trustors inevocably grant,transfer, convey and assign to Trustee, in trust, _
<br /> �� with powe�of sal�, for tb�t b�nrsht and security of Beneficiary,under a�zd subject to the terms and conditions of ---
<br /> thia Deed�sf Trust,th�fi�lln�viu��described real property lacate�n�HA3.L Cowity, Nebraska:
<br />' Tis;� South�ASt Qu�rCar (SE 1/4) of Section Thirty (30), To«a�ship Eleven (11) North, Range
<br />- elet�v.°n(l l)�lc�i o£d�t�oth P.M.,Hall County,Nebraska,
<br /> �:,��i,':cr�:h w!�be:�ldsn��, �npr�nvements; fixtures, streeYs,aUeys, passageways, easements, dghts, privileges and � "
<br /> appurtenna�ea locau:d tl��reon, snd till persanal property that may be or hereafter become an integraI part oi sucn —
<br />- buildings.and imprr���an��r�s�, �tl crops raised theeeon,and all water ri�hts, all of which, including replacements _
<br /> ��.,. :. , and addiuioA,tharetn,ar�e ti�m�y declared to be a part of the real esta3e ctanveyed in trust hereby, it being agreed _
<br />-_ . � that aU ofthe�ure�aing sh�ll ba 3�erei�nafter referred to as the"�Property."
<br />����'�". "'�� �OIt'�HE PiJRP4SE OF SECURING:
<br />_�:�;.F;.:�,:
<br />- � " r � a. Ps���uent af u�d�s'otr.dnnes evidenced by Trustors' no�� of even date herewith in the principal su� of
<br /> =,�:�,-'iy�', S41,OOO.f?D,tagathor vvf31t int�:rest at the rate ar rates pro��s��tl therein,and any and all renewals,modificati.ons
<br /> =-`��;�� and ext��^ian�af s�inh�rt�atr., ryoth principal and interest on the note being payable in accardance witly thc terms
<br />_���_:�:��.''�
<br /> __-�-�.� set forttA ther�a�, wt�iah�by t4us referercce is hereby made a parc hereo£; and any az►d all future advances and
<br />�°�.-- readvana�s tu Truatara hQrcuuder pursuant to one ore m.or�promissory notes or credit agreements(herein called
<br />—�a`�..-� "Note");
<br />�'-�,T�'�:•,. :
<br /> ' � "•,�- �, tt,!�paymvnt of n�iaar��ms advane.ed by Beneficiary to protect the security of the ote;
<br /> ���
<br />��� c, tk��perforrn�nce oE aq covenants and agreements of Trustor set forfh hereir�;end
<br /> �°°�=�� d. a1Q present and futum indebted�iess and obligations of Ttustors to Beneficiary whether diroct, indircct,
<br />-"u'�'-�,� absolut�c or c�ontin�ent and�r��ether arising by nute, guaranty,overdraft or oth�rwise;
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<br /> ..�Y*�..� Tp pgtp'Y'EC1'�SgC�1ZITY OT+TUIS D£ED OF TRUST,TRUS'1'ORS HEREBY COVENANT AND AGItEE:
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<br /> - �' �;.��'•� �. 1. Tc�y�ay when d�uo, tltn pn.ncipal of, :u►d the interest on.the imdebtc�ness evidenoed by the note, charges. faes and all o ier _
<br /> ` � sums as�mvidod in the!n�i��nents. —
<br />� , 2. Tt�astom ans tltifl o�n•ncro r.�F tlie property and t►ave the right and authority to exceute this Dccd of Trust in rospect to the _
<br />_ � property. �::--
<br />__ � 3. Tu pay, n•�ta►du�, all't�ixes, special assessments and all other charges against the propeny, before ttie sau�c beoome ,__
<br />_- . 4 dc(inquant. Tauslars�sGt�ll�pry all taxes and assessments which may bc Ievled upon Bcncficiary's interest herein or upon this Deed of ��-�
<br /> r 8 PaYme �Y P� ��-'
<br /> � �;: Trusi or lloe debt securai ha�y�,,vitY►out regard to any law t�at may me et�acted imPosin nt of the whole or thecoof
<br />- {, upon thn I3eneficiaiy. msured against damage by fire and aueh oilier hazards as
<br /> .,�;;�' ` 4. To Eceep tlto itnptm��c:.�t�now or hereafter locaSOd on ihe Pt+o�erty ' �.
<br />- ___,_ ;—_ u�u.,,,��r;a,.,n�,r�,na�uira in auununts and companics ascc}xabie to ahe Bcncficiary.Such insuranoc policy stiall contain a standard
<br /> .L�..0 �"�.
<br /> • . `° mort�age clausc in fati�a.r of�c:�c1'ici�uy. Tmstor shall promptly�, a�r. rnatnta�n and repiaoe inc p�i> v�a.�i i�• •=�w�•�%
<br /> tl�at,exee�ri for ordinEUy�n�'ansl tear,the property shall not detenorate.
<br /> 5. In dr eveni dte�mpraty'. ai a�►Y Parc then'°f,shall be taken by eminent domain. thc Bencficiary is cnUidod to colltxt and
<br /> ` rcceive atl onT�►p2n.ratiun 1�•��ikn c�my bc(said for any property takcn or!or damagw to property noi taken.and the Beneficiary shall
<br /> ' hpply suoh oornpe�ucrtiu��.at it�,apaon,eit6cr to a reduction of d►e indebtedness secuncd hesrby,or �to rcpair and restore the propertv
<br /> � so takcn.
<br /> � � I 6. Tho Henelir�2uy stiz�•. but shall liave no obligation to, do any act�vhich Trusiors lti��•e agreed but failed to do, and the
<br /> Benefic+ary may al�u du au�•a�if decros necessary to protect thc licn hareof. Trustors agree to re�y. upon demand nny nuns so
<br /> = �� cx�,znded by tti�Br�oui�'.�;ry 4'nr tl�c abati•e putposes.and any sum so expcndcd shall bc added to tlic indcbtcdncss sccurod hcrcb}•and
<br /> . b000mc sccu►L^d ay tlFZ lit��i ircrcof. Thc Bcncficiary shall no incur any liabiliry bc�usc�f anyttung it maW do or omit to do
<br /> hcrcui�der
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