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<br /> 98- �����s�s
<br /> DEED OF TRUST WITH FUTURE ADVANCES
<br /> This DEED OF TRUST is made this 15th day of May, 1998, by and among BRADLEY STUTZMAN
<br /> �nd CRYSTAL STUTZMAN, husband and wife, hereinafter referred to as "Trustors," whether one or
<br /> more, whose mailing address is 16169 West Stoliey Park Road, Wood River, I�iebraska 68883; THE STATE
<br /> BANK OF CAIRO, a Nebraska Banking Corporation, hereinafter referred to as "Trustee," whose mailing
<br /> address is Box 428, Cairo, Nebraska 68824; and THE STATE BANK OF CAIRO, a Nebraska Banking
<br /> Corporation, hereinafter referred to as "Beneficiary," whose mailing address is Box 428, Cairo, Nebraska
<br /> 68824. -
<br /> For valuable consideration, Trustors irrevocably grant, transfer, convey and assign to Trustee, in trust,
<br /> with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of
<br /> this Deed of Trust, the following described real property located in HALL County, Nebraska:
<br /> The Southwest Quarter (SW 1/4) of Section Twenty-Seven (27), Township Twelve (12) North,
<br /> Range Eleven (11) West of the 6th P.M., Hall County, Nebraska excepting a certain tract more
<br /> particularly described in Deed recorded in Book 150, Page 372 and excepting a tract of land more
<br /> particularly described as follows: Commencing at the West Quarter (W 1/4) corner of Southwest
<br /> Quarter (SW 1/4) of said Section 27, also being the POINT OF BEGINNING; thence S 89°11'43"
<br /> E along the north line of said (SW 1/4) a distance of 33.00 feet to the county road right-of-way
<br /> line; thence continuing S 89°I 1'43" E along said north line of(SW 1/4) a distance of 1640.20 feet;
<br /> thence S 00°14'S0" E a distance of 686.00 feet; thence S 25°51'20" W a distance of 439.08 feet;
<br /> thence S 80°34'16" W a distance of 473.07 feet; thence S 84°39'S5" W a distance of 989.08 feet to
<br /> the county road right-of-way line; thence continuing S 84°39'S5" W a distance of 33.14 feet to the
<br /> west line of said (SW 1/4); thence N 00°00'OS" W along said west line of(SW 1/4) a distance of
<br /> 1277.16 feet to the point of beginning, said tract contains 44.49 acres more or less, of which
<br /> 0.966 acre is county road right-of-way,
<br /> together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br /> appurtenances located thereon, and all personal property that may be or hereafter become an integral part of such
<br /> buildings and improvements, all crops raised thereon, and all water rights, all of which, including replacements
<br /> and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed
<br /> that all of the foregoing shall be hereinafter referred to as the "Property."
<br /> FOR THE PURPOSE OF SECURING:
<br /> a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of
<br /> $157,880.00, together with interest at the rate or rates provided therein, and any and all renewals, modifications
<br /> and extensions of such note, both principal and interest on the note being payable in accordance with the terms
<br /> set forth therein, which by this reference is hereby made a part hereof; and any and all future advances and
<br /> readvances to Trustors hereunder pursuant to one ore more promissory notes or credit agreements (herein called
<br /> "Note");
<br /> b. the payment of other sums advanced by Beneficiary to protect the security of the Note;
<br /> c. the performance of all covenants and agreements of Trustor set forth herein; and
<br /> d. all present and future indebtedness and obligations of Trustors to Beneficiary whether direct, indirect,
<br /> absolute or contingent and whether arising by note, guaranty, overdraft or otherwise;
<br /> TO PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTORS HEREBY COVENANT AND AGREE:
<br /> 1. To pay� �vhen due, the principal of, and the interest on, the indebtedness evidenced by the note, charges, fees and all other
<br /> sums as provided in the loan instruments.
<br /> 2. Trustors are the owners of the property and have the right and authority to esecute this Deed of Trust in respect to the
<br /> propert}'.
<br /> 3. To pay. when due. all tases, special assessments and all other charges against the property, before the same become
<br /> delinquent. Trustors shall pa}�all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed of
<br /> Trust or the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof
<br /> upon the Beneficiary.
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