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<br /> ' DEED OF'�RUST rV['�'H FUTUIt�ADVA E�W `" ._..
<br /> �$
<br /> This DEFD OF TRUST is made this 3Qth day of Deccw�ber,
<br /> 1996,by snd umong Centur� Hilb(��It �
<br /> Cl�b,a Limitod Liability CompanY,heninafter r�ferred to as"Trwton,"wluther one or more.whoso m�►iling
<br /> sddress is r O Box ?,8�, C�iro, NE'�6�824; THE STATE BANK OF�C=4��'Caiiroe Nebr�lca 6�Z4;
<br /> CorporatioR,here�mfta'referra:to as Tr�atee, wtrost ms���n8 add�s� ���� �inaRor rcferred to as
<br /> and THE STATE BANK OF CAIRO, a Nebrask+� &+�kfe� Corpa
<br /> ��g��ry,��whou maiting�tidre�.�is Boz 4?.a,Cslro,Ncbr�ks 6�24.
<br /> For valueble consideraaon, T�ustors icrevocably grant, t�ns�'e�'+ cor���Y ��sign to Trustee, in trust,
<br /> with power of s�le,for the ben��it and security of Benef ciery,under�nd subjxt to the t�rms and conditions of
<br /> this Deed of Trust,the following dcscribed real prropertY locsted in�1�i1 County,Nebraska:
<br /> Gats l3 dk 14 ot Ce�tMrs Hii�Sabdivisiou,AM Additior To Tk�Villtge ot C�iro Ncbrssk�
<br /> together with a!l buildings, im�rovements,�ixtunsy stroGts, nllc�rs, P�sss!�e`x'ays�e�rnonts,nBMs,p�vilegcs
<br /> �_._.......r.s ...e M��t t}�reon,and ell oecsbaa►i ProPertY that may be a hcresfter beccxno eui iMc�ral part of
<br /> """•�••"`.s..,....1,�- y rxisod t1�rc�n, and aii water rigiii�, a�; 3f ::�6c�, =:�l�'�"'�
<br /> , such buildin&s and imP�'ovc.mdns. All croPs in tnat heceby,
<br /> �plsccments en�a��ditians tl�reto,wr�;��Y�laral to bc a�art of tho ra�l estst�ec�nvcyod .
<br /> it b��n8��cod t�iat ell of the foregoin$s'hatl be lnreitu�tttr refert�d w as the"ProperCy�"
<br /> FOYt TH1E PURPOSE OF SECURiNG:
<br /> a. I'�yme� of indabtedness cvidenced by Trustors' note ot even date �di��ioer�ewals.modifia�tiot�� .
<br /> S14a,�A6�.0�, with interest�t the tats o�r rates providod theteia,and u►Y
<br /> s�nd exter�ions o�su h note,both principal ux1 intexrst en the note beia8�sYtble in�with the terms
<br /> sei fotth tlrerein, which by this �+efcrc+�ce is heTd�Y made a patt hereof; snd fu►y �{1 al! funm�dvet�es �nd
<br /> �,�ces w'I�rustors hereunder purswnt to�ne ore more promissotY notes or crodit agroemeMs(htcein c�l{ed
<br /> "NoLe"); Ba��icasry W proUOCt the socutity of the Note;
<br /> l�,. � the payment of utha sums�►dv�ncod by
<br /> c. the perfo�ro�nce of all covenants and agra�nt�►ts of Tnutor set foct��ein;�►d���r� indiroct,
<br /> d �11 present and futut+�itxlebtodncss And obligations of Trustots to �eneficieuy
<br /> �bbotutc a contingent and whether arising by note,Suari►mY,overdrsft or othctwise;
<br /> T��p��TH�SLCI►Rt7Y Oi+THIS A!'.LcD OF TRUSf.TRUS'A'OAS�IE'REBY COVLNANT AND AGREt:
<br /> 1. To p�Y*+�n due,the p�'�x+M�of,�nd the isriaCSt on,the indebtodness ev�cla�oai bY the twte,�h�r8e�,fea�nd�11 otbar ams
<br /> �!F�'�ia t�e ioW►in�irun►aK�• to execute ttiu Uood of Trust in rospect to the prape�ty.
<br /> Z. 't'ruRcxs ac�e tf�e ownae of the propextY ux!luve the right u�d auttwrit}►
<br /> 3. To pay.+N1xn due,dl t�xa+,spewJ s�e��and all otlxr cherges�gunns���ProP�Y.,bd'ora Urc a�asc become�•
<br /> ahicfi maY be kried upon Bene�au�s mta�t ha�an or upon tks LkaA of TnMt ar tt�e
<br /> Truytocs eh�ptY eU tu�a �nd kae��nts of the wlwk or anY Put thereo�upoa'Dh�
<br /> debt seaued 1�rbY,withcwt regircd to tny lnw t}w�t rn�y be e�ted impo�inB MY� . .
<br /> �� s now or haaRa located on tbc propaty inaured ag�+st dnm�g�b5'�and suct►olha IMacds�the
<br /> �. To�Ceep the impn�v�es+xnt le to the Beneficiary, S�c'h insutsna PobaY�11 cantsie a sta�dard
<br /> Ba�et'ic+uY �Y �� in�rur�unta and com{��aa a�P�� m�intain and rGPlao�the propaty or u►Y Put the[oo��o that,
<br /> �qctgwge ctau�e in fivor of Ba+dwiary. T�u�tor�6rll prompdY re�r•
<br /> Cxcept fa o*dim�'war utid tesr,the�eopeny shell not deteriorata �e«nitlal to oallecc and recave
<br /> y a._�...., .,�..�n.�c ct�ereof st�all be t�ken by e�inrnt domria the Be.�neficiary.._ .,_�:.,_..a.0...a.,..d�
<br /> ,. III IIIG aeau u.o p...r...�s--—i r- - f tare�a for damaga to propaty not iaicen,iUIO lile wocawr�..�.••••••-rr�----
<br /> — ��mp�u�9on which may bc ptid for xr►y p opaty so qken.
<br /> compp�tion,�t iti opcioa,eitha 40�reduction of the i�debtedness eecurod t�a�a�y,or to repair���o do��Baxfici�u3'
<br /> 6. 'fhe Ba�ebciuY maY,but stu�ll lu�ve nu oblig�tion to.do tny act whiah�'rusttxs i',ave�g�'�d �so exPende�d bY tho
<br />--� roay�1bo do�nN:"'n deans nooc�.�ary'to Protea the liai I�ereof. Tro�tcxs ngree to r�Y.upon dem��d,wY
<br /> Ban£ciny'fa t'�c�''�ve�wrposes.and any eum�o ex�aided shall be added io tho indet►tednese eoaired haeby nd beoome�ecural bY
<br /> the I'�rn tiabof. 7'he Ba+�c�ry shail no incur any li�bility bec+use of urything it may do or omit to do haeunder.
<br /> — 7. �gp��ry�11 lu►ve the right.powrs u�d i+uthority durin�the continuence of this Deed of Trust to collect tAe ra�ts.iswa
<br /> — and pro6t�of the propaty atcS of�ny Ptr�ena�proPerry loctted thereon with a'without tsking pos�esdcx�uf tt�e proQKiY aPfeeted
<br /> hereby�md Trustoro herebY�b�olutefy u�l unc�ndition�UY ss�i8�a11 wch rents�iswes and profits to the br�+et'�ciuY. Tl�e bax�SciuK
<br /> — however.be��ebY con�ans to Tnuton'coUection u�d re�e�uion of wcti raus,iswa arid profits, �o bng s�Truston ue r►ot,�t ak!►
<br /> ti�ae,in detiuh with neipeuK to p�ynna►t of�nY indebtodt�s secured herebY.or in the pafomwxx of tny�grea�xnt�'. lf:ny
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