|
1_`"— _.Y1_•�c:.���..�1.._w`r�i�.a�:::]U:'i�-.-_-"���..--
<br /> , .��a
<br /> ..-;. . ��.e_i��--_
<br /> 1 ���' "_._"_..__.� '"
<br /> .._��_�—
<br /> - .il��! �''__.�...
<br /> 1
<br /> { �
<br /> : �R�coR�o 96� �rr5i43
<br /> 98� i����s .-
<br /> CORRE� CTIVE
<br /> pEED OF TRLIST W1TH FUTLJRE ADVANCF.5
<br /> This DEED OF TRUST is made this 1Sth day of May, 199a, by and among BRADLEV STUTZMAN
<br /> ��.1 f RyCT!►1. cTtl'!'ZMAN, husband �ad wlte, hereinafter refcrred to as "1 rwton," whether one ur
<br /> • �..�a•�ru�r CTATE
<br /> more,whose mailing addre�s is 16169 Wat Stolky Park Road, Woo�t itiver,i�Teur�ii:�.w......,., --_��
<br />; BANK OF CAIRO, �Nebraslu 8ankiag Corpor�tion, hGreinafter referred to us "Tru�tee,"whose mai�ing
<br />' address is Boi I2S, Caira, Nebra�ka 6�24; and TIfiE STATE HANK OF CAIYtO, �Nebr��ic� Banki�`
<br /> Corporatiaa, hereinaRer referrcd ta as "Btn�ciary," whose msiling address is Box �/Z�, C�iro, Nrbr�slu
<br /> `- 6�24.
<br /> � For valuable cansideration, Trustqrs irrevocably grant, transfer, convey and assign to Trustce, it�uuat,
<br /> � with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditi�n� of
<br /> � this Dced of Trust,the foliowing desc.ribed real property located in ftALL County,Nebraska:
<br /> ; The Southwcst Quarter (SW 1/4)of Section Twenty-Seven(27), Township Eleven"t1lNorth,
<br /> ' RnngeTwelve(1Z)West of the 6th P.M., Hall County, Ncbraska excepting a certAin tract more
<br /> ?� particularly described in Deed recorded in Book 150, Page 372 and excepting a trsct nf l�nd more
<br />� r�rtic�;lAriy described as follows: Commencing at the West Quartar(W 1/4)corner of.S�uthwtst
<br /> ` Quuter(SW 1/4j of said Section 27,alsu being the POINT OF BEGINN1NCi;t�1C11Cl+J tf`I�I l'4�"
<br /> E�long the north line of sAid (SW l/4)a distance of 33.00 fat to the county road a�igh�-of waY
<br /> ,:»....�,�,.......�*;„,��„Q<1t9"t 1�43"F alona said north line nf(SW 1/4)a distance of 1,Cr40.20 fat;
<br /> _ ......,....,..__ _-.---------� -
<br /> � the;nce S 00°14'S�"E a distance of 68E.C?0 feet; thence S 25°Sl'20" W a distance of.�l��.OS fce.t;
<br /> � thence S 80°34'10"W a dista�ce af 4?3.0 i fe�t; thence S 84°39'S5"W a distar�ce of 989.Q8 feet to
<br /> the caunty road�right-of-w�y{ine;thence continuing S 84°39'S,5"W a distancc of 33.lA feet to thc
<br /> = west line af said(SW�llA);thenc;e N O+D°00'OS" W along suid west line of(SW 1/4)a distance of
<br /> ! 1277,16 fett ta t�ie.�}wint o�beginning, said tract contains 44.49 acres more or less, of wtuch
<br /> � 0.966 acre is cq�w�r�'ty road right-of-way,
<br /> � �
<br /> � �
<br /> 3 together with all buildings,improvements,fixtures, streets, alleys,passageways, easements,rights, privileges and
<br /> � �: apPurtenances locatal thereon,and all personel property that may b�ar herr,afta become ut intrgr�l put of such
<br /> ,;� , buildings and improvonn�nts, aU crops raised t�ereon, and all water rights, all of which, inctt�ding rep�acements
<br /> * � � and additions thereto,•ar�hereby declarod tu be a parc of the real estnt�e convcyed in tnist heroby,it being�greed
<br /> .Y that all of the foregoing shail be hereinafter referred to as the"Property."
<br /> �� �; � ' �OR THE P�.IRPOSE OF SECURING:
<br /> �' � indebtedness Evidenced by Trustors' note of even dste hcrewith in the prinapal sum of
<br /> .� a. Pa;�ment of
<br /> ,`; � 5157,88d.00,together with intarest�at the rate or rates provided therein,and any and all renewals, modifications
<br /> ( and extensions of s�rch note, both principal and interest on the note beim�payable in accordance with the term�
<br /> , set forth therein, which by this reference is hereby made a part hereof; and any and all future advances and
<br /> ,� readvutces to Trustors haeuc�der pursuant to one ore more pramissory notes or crodit agreements(herein called
<br /> "Note");
<br /> ;� � b. the payment of ather sur�s advanced by Beneficiary to protxt the security of the Note;
<br /> � c. the perfornzance of all�covenants and agreements of Tiustor set forth herein;and
<br /> � d. all present and future indtbtedness and obligations of'Trustors to Beneficiary whether direct, indircet,
<br /> ; absolute or contingent and whether arising by note,guaranty,ovardraft or otherwise;
<br /> TU PROTECT THE SECURI'fY UF'fA1S��LED aF TKU5�,TRIJSTOILS HEREBY COV�NAPiT AND AGRC�:
<br /> 1. To pay when due. the principal of, and tt►e intercst ou. tha ind�btodness evidenccd bY the notc,ctiarges, [ax and ail dher
<br /> sums as pnrvided in the loan instniments.
<br /> 2. znisrors arc the owncrs of thc p�opcny and ha�•c the right and authority to c�cocute Ihis Dced of Tn�st in respoct to the
<br /> property.
<br /> 3. To pay. w•hen duc, all taxes. spccial asscssmcnts and all other chsrga against thc Propeny, befoce Ihe same b000rt�e
<br /> dcli��qucnt. Truston shall pay�all taxcs and asscssnxnts w�hich m�y bc le��iod upon ikncficiary'�nt hc wholc or�thirt t��
<br /> TnW or thc deM sccu►cd hcrcb5'•without rcgard to any I�w that may�bo cnactod imposin8 paY Y Pa
<br /> upon the Beneficiary.
<br />
|