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<br /> ,� � �, � � � DEED OF TRUST WITH FU'�'UR�ADVANCES '��_�
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<br /> jy:,';!, ' , `,�� �. T�as U►� �F TRUST is niade thi9 3aih day of Nday, 19�7. by and a�iarag �I.ARItY DO �Y`,_.
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<br /> ,;�� � �i� �s;` OSTEItIl�l3��ER aa�d ANl�I� �S'n'�RMFVEH, hueba�d �a�aQ �vx9'e. h�r�i�aa��r ref�z�d ia as A�stnrs, �,,� .,.
<br /> , , kl�, '• ', '���: � o�•h�th�r nne�r snL�rc�. �vhas�maili� address iw 50313 235th Fimae9. Sh�9Saa�, Ne�ra�)w 688"6; 'l'� �R'.A1'E �t��=_:=
<br /> . 4, • , . �,�I�iK O�CAIRO, s�iebrastc� B�nking Corparntion, herainaRer referred to as"TruateQ," whase mailin�
<br /> addross is NaY 4Z8. �airo. NebrnaQsa 688Z4; and THE STATE BANK OF CAIRO, a Nebraelw BAnkin� _
<br /> ';, „ , '°�` Corporsttion, heralnafter referred to as "8eneficia�g+," whosa mailing addrv�s is Boz 428. Cwiro, Nebr�akA --- �-
<br /> ' .„ .. �,. 68824. —
<br /> • ':.� For valuable consjderetion, Trustors irravocably g�ant, transfer� canvey and asslgn to Trustco, in trust. —
<br /> with pawer af sale, for tha benoRt and aecurity of 8enoflciary, undar and Rubject to tho terms and conditiana nf
<br /> � this Aeed of Truat,tha foll�awing deac�tbed resil praperty lorAtcd in HAt.I.Ce�sinty,Nobrnaka: _ _
<br /> - Tha North H�lf af th8 Southeast Quarter (N 1/2 S� t/4) and tho South Helf of tha Northoast --
<br /> _"� :,� �`� � Quarter(S 1/2 N� 1/4)of Se�tion Soven(7)�Townahip Ten(!0)Nor�h� I3�ngo Twelve(l2)Wast
<br /> " ;�� -.� of the 6th P.M.,Hati Counry.Nebraska.
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<br /> a.::. , . to�ether witn aIi bu�dia$s,improvemei�s, �t���s, �tr�ts,attsys,passaS���Y°w�,-s�eo,s#�kta, �e�!$g��
<br /> ���..�. ., �
<br /> � �,�;��.;�, appurtenances located thereon,and all personal praperty that may be or lhore�►fter become an integral parc of such
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<br /> ����.'-'�-. buildi�nxs an�d improvements, all cropa raisad thereon, and all water righte. all of which, including replitcem�nts
<br /> -.,c-: :- a��d Rddhians thc�eta,are hereby declared ta bs a part of the real ostste canvaye.��tn�at hare�y,it�emg agree = :
<br /> _ �,�r, __ .,.,� . that aU af tha foregoing shaU bo heroinafter�eferred ta as tha"Proporty." _
<br /> ��'�'y-�", � ',�� � FOR THE FURPOSE OF SCC�.IRING:
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<br /> `.�;��t�� � s�. Payment of i�zSabtednesa evidenced by Trustare' note of even date herevv�th in t�e princlpal aum af
<br /> ; 5265,500.00�togeth�ea�dvith interest at the ra�te or rAtes pravided theaeis�, and any and all renewals, modifloations �
<br /> , �'����,� and extensiana of suc�note� both princfpal and intereat on the note br:i�g payabf�in accordance with the t�me
<br /> ��.c�t;�L'��` s3t fortl► therein, which by this reference is hereby made a part heseofl and any and all ti�ture advanaes and
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<br /> � readvances to Trustors hereunder purausnt ta ane ora more promissQry�notes or credit agreementa(herein callcd
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<br /> �� �'' � -�`' b. the payment of othor sums advanced by aene8ciary ta protect the secudty of the Note;
<br /> • c. tha porformanca of all covenants and ageementa af Tnistar set forth hen�ic�;and
<br /> ,,:.�; : d. ail pros�m and fl,tura ind�btednee• and obligations of Truat�rs to Herbefl�iary whether dlrect, indjrect,
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<br /> abaolute or contingent and whether arleing by a�ote,guaranty.averdr�or otherwise;
<br /> • ,,�tll;,±���_'� TQ PAOTECT THE 9ECUAITY OF THI3 DE�A OF TRU9T,TRUI4TOPS NER��iY COVENAN�'AND AGAEEs
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<br /> ��� �x'`�� �' � 1, To ps►yy when Qi,*.e,tho prinolpAt of,and tho intaroat on, tho indebtedness e��donced by tho noto, chargos,fees and aU othar =_
<br /> ' �� ' � E�uns as provided in thc loan insirumonta. --
<br /> _.- - ----._—�_-� a. ��r�are th�c,w„era ef the,�ropony and bavo tha dght and uuthoriry to execute thla Deed of Tnist ia respect to tha -
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<br /> 3. To pay, when duo, all taxcs, spoclul asscssmonts and all othor charges agaL�st the properiy. before the samo beoomo �-
<br /> � �.:� ,�;;. delinquont. Tmstors ehall pay a11 tuxes aad Assessmonte which muy be luvlerl upon Heneflciary's interest horcin or upon thia L�ocd of �:�■
<br /> ° i :� 4;,,,�"! � Tn�et ar the dcbt secum,�l horeby,without rcgurd ro any Inw thAt muy bo enucted imposln�payment of the whole or eny paR thercof �_
<br /> � ,,#;�, ., upon tho&�n�ficiary. ___
<br /> � ' . 4. To keep tho improvemcnta now or hom,nfto�located on tho proporty inswc,�l agalnst damage by tiro and such alhcr ha•rnrds as _
<br /> ., tho Heneticlary may mquiro,in nmaunte and oompAnios noceptablo to tho eeneiicisry.�uch i¢asurateca policy ehell ooi�taln a sWnd�ud _
<br /> rao�gt��o afauso in favor of Benofiolnry. Ttuswr shaQ promptty rcpair, maintain nnd replace tho pmpert}�or any pari thereof,so
<br /> ; ; thut,oxccpt far ordinaly wctu�And tear.tho proporiy shs►11 noi dotedornto. J
<br /> ,.. ;:���'� S. In tho event the property,or ai►y part thureof, shnll bo tAken by ominent e9anuLan,t3�c Beneflclary is entitled to ooltect tued •�
<br /> . reccive a!1 compensadon which mny bo paiQ for any pmporty takon or for dumag�s ta�ropx�•not take�,and tho Benefaclasy shail ,.
<br /> � �.`�� � apply s►ich compensation,at its opUon,oithor to a teduction of tho indebtedness secured hea�e'by,or to repair and restore t��pmperty
<br /> ' sa taken,
<br /> . �. �� 6. The BEneflciary may, 6ut shall turvo no obligAtlon to, do any act which Tmstore huvo egrcod bwB tailed to do,and tho
<br /> � � '� Henoflciary may also do any act b deems nocessnry tn protect ttre lien horeof. Trustore agree to repay,upon demand,tu►y sums so
<br /> � ., expended by thu Henaficinry for tho abovo purposca,and any sum so oxpanded shall bo addod to tho indcbtedness securod hercby and •
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