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<br /> , � � D��D�I�' T�tUS7'Wi�'N FUTURE ADVANCES `_�-
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<br /> , � Thi�DEED OF TRUST is made ehis 23cd day of M�y, 1997. by and umong DARRELL QI1A�IING : -
<br /> ' ' - � and Jd�VCE ��ARING, huebaad �nd wife, hereinafter referred to aa "Traetoro�" whathor oeo ar morA, ;,'`v_
<br /> , whose mailing �ddress i� ZS18S Shelton Road. Itaveana, NebrnskA 68869; THE STATE BANM OF �
<br /> �,; �--
<br /> � ' �i CAU30, A Nebrae�Ca DAOking Corpor�tion, hereinafter refened to as "7'ruateo," whos� mailing address is ��_
<br /> .,�;; ' � . �; Box 4�8,Ca�rn,Nebraslcit b88Z4;And TflE STATE HANK OF CAIAO.A NebrASka Hnaking Cor�poratioa, _
<br /> . her�i�fter refe�ta us"Beneficinry►." whasa m�li�►g eddress ia 8oa 428�Cwiro,Nebe�aeksr 68824. -
<br /> � ��..,. �, l�ar valuable consideradon, 'Cn�sta�rs irrevo��toQy gr�t, t�anafer. caflvey and assign to Trust�a, in trnat,
<br /> '''"`� wit�n��w r of salo� for the b��a�E'it aRd s�curity��'l��r�Rcinry. under nnd Sub�eat to the terms ant�coaa�di4iona of
<br /> ::,t;•,.�z.l,:'.
<br /> ��:'�4�'���'{;` ;' � ? this Deed of Trust,the follawi�ng doscr+bs�9�1 Fr�.T��located in HUFFiA�m'�AIVD HALL Caunty,N�braska: �;--
<br /> Y,JI1f���llf ' —_"_.
<br /> ��;{�ti����• �� '' <LEGA�.>, �'---
<br /> v�h��.�`�..�_ ..
<br /> , ' :�1:5�t;lC..�r��A�:.:y.,.
<br /> ' `t�4��'�i._E�� tS � - �.....
<br /> �" ���y 4`:��4i�u`���',�; toget6er tivit�a�uIl i�i�ildings,improvem�nta�ixtures.sa�;ezg�ll���,�passageways, e�eme�ts,righze.pdviileges a�� —___..
<br /> �'���4�� `�t�'c���'' � 1 nFP�`�-'����:`�Q'��':E�thereon,and al!�z�s�r�prop�rnqr 4lha���Cas or hereafter beca�ma�integral part of suci�
<br /> ��.x�..�� .'�°.: bt.:�i:�s and improvements, all crops caiscd thoreta�, Ftnd a11 wator rights, aU of wbicb, inctuding roplaccments
<br /> � .., ._,__ .__: . .
<br /> _ �: � end�c��itions thereta.�ae hereby a'aa3a�ft3�i�6 8�3att it€i�i�!�t�tt�s:�e�,��irusi 4ser�y,�E b�g�� . _
<br /> �. '``' that ell of the foregoing ahall ba hereinafter referred ta as the "Property."
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<br /> � •N�(.�,�Y-
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<br /> �"= �mI3 THE PURPOSE OF SE�:URI Ga
<br /> . +.�n.w.vK�n • �_.
<br /> ` - � �- _,-�;,.. �. Paymem of indebtedness ovidenced by Truatore' nate of oven date herewith in th� prirtaipal sum of
<br /> '- S312,900.0�,tagether with interest at th�rate or t�tea provided thorela,and any and uil renowal�, modifl�adons
<br /> � and axtonaiona of such nata, both pri�cipai and interest on tho note being payable in accordanae with the terms
<br /> set forth thorein, wtdch by tt►te roforence ia hereby made a part hereof, and any and aU �tu� advances and
<br /> �'� readvnnces to Tnistors hereundor pursusnt ta ano oro more promiasory nates or credit agreememo(h8rein called
<br /> , ; "Note");
<br /> b. tha paym�nt of other aums a�ivar►ced by Beneaciary to protect the security of the Note;
<br /> , c, the performance of all covenanta and agreemente of Trustor set forth herein;and
<br /> ' d, adl prescnt and tLture ind�te�aess and obligt►tionA af Ttusiara to 8enaflciary whather d'u�ct, iadirect, _ __
<br /> absoluto or canttngent and whether c{ri�,�qg by note,guaranly,overdraft or otherwise;
<br /> • r �pRp���g�C��/�y pg THI9 OEEO OF TRU9T.TRUSTOII9 EiEREBV COVENMiT AND AGftEEi
<br /> 1. To pay ahen duo, tho prlticlpal a1',and tha iMet�cst on. tho indebiednes9 evldenoad by iho aoto.chargea, t�CS aad a11 other
<br /> � �,: surns as providod la the loan insuumcats,
<br /> � +. +: 1. Ttustors�u�e tha owc�rs of the propony and havo tho d�ht and authoriry to oxcxuw this Da�d of Tnut in respoct to tho
<br /> '. '' a 'i;�.i.' pmperty.
<br /> � .•.., .
<br /> : �„�;4�� ' 3. To pay. when duo, all tuxes. spoclal assetsments and all othor ctmrges against tho proporty, baforo samo mo
<br /> ' � ���% .�r`+ - pe�inquem. Tn�stors shall�r all taxcs nnd assessments which mny bo Icvicd upon 8enaficiary's interest hcrein or upon tdla Daed of c
<br /> : - _` u`` 'mut ot thc dcbt sxu:od be�by.v�lit�c,ut r�rd m unY!aw that may be en�ctsd f�gos�+8 t�Y�Qf tha wt��r nny put theroof
<br /> :��,.; ..
<br /> �,.�� , ;;r�. upnn tbo Hcneficiary.
<br /> 4. To kcep t1w improvemcnts now on c�rca�ter tocated on tho pmparty insural against damAge by aco and such oiher haza�ds as
<br /> `;:. • tha geneficiery may regWro,in amovate and oomp��nies uceeptable to tho Beno6ciury.Such insurance poliry etwll oontain a stm►dard _
<br /> �'' mortgugo clauso in fuvor of Heneflclery. Tn�tor shall prompily rcpair. maintuln end replaoo tho pmperty or any part thoroof, so �
<br /> �;�� � that,oxoepi for ordinery wear and tcar.the P�Y e�l not detedor�to. -
<br /> �s,.
<br /> .• ' ,; , S. in tho evcnt d�o pmperty, or any pait thoreof,sh�ll ba takan by eminont domaln,tho Beaeficinry is entiUed to ooUcq and
<br /> ' ;;�� t�ecelvo ull compensution which may bo paid for any propeity utken or for ds►mages to proporty nol takan,und the Beneficiary shal!
<br /> ,:t, �� apply such eompensatlon,at lts optton,eithcr to a rcduction of thc indcbtcdncss sccurcd horeby,or to repait nnd restoro ihv propelty ,
<br /> �t�; ," sio E3kCt1. ''���
<br /> , ,.,�.,�
<br /> ,..�:� ',`�-:���;,�u;� 6, The Heue�r�ary may, but shall hove aao ebligatian to, do ar►y �.ct which Trustore hAVC asrc�tf but faidad to do, a�t�thu
<br /> ,� " �;.,�,',�'�;1��� Benefcciery�y��do nny act it doams neeess�uy ro pratecc the liea Cr.�.cof. Tru�tors�anreo to cr�ray.�on demand,enY tn�s sa _
<br /> :'1. r ' � ,•.:�ti,;,!',: . oxpcndcd by the�ciary for the abovo pwpwses,nnd�zy sum so exponded ahall be ndded to the ind�tedaess soa�red hereby r�nd
<br /> � ,. .� - .� beoomo securCd by ttw lian hemof. 7'he Heneftciary s�U�Th rio incur nny linbility becauso of nnylhing it may �o or omlt to do
<br /> .,;�'�,: " , � hereundei.
<br /> - - '� � ' 9. The BeneRciary ehall havo tho dgh�powcr and authos�ry dnring tho oontinunnce af�his Oeed of Trust to coUccllhc+renta,
<br /> ,,- y' � :� issucs and pmfita of the property and af any personal property locatod thcreon with or without�aking possession of the property
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