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<br /> � �; DEED OF T U6T ` W N '� s'
<br /> � ��.
<br /> �� • THIS DEED OF TRUST is made as of the �,�,_ day of Auqust ,
<br /> � 1997, by and among THE VILLAGE OF CAIRO NEHRASKA, ("TRUSTOR•'),
<br />- �� whose mailing addres� is: P. 0. Box 456, Gairo, NE 68824; �
<br /> c
<br />= and TN� STATE BANK OF CAIRO, ( "TRUSTEE"�, whose mailing address is: �
<br /> '`a;. P. O. Sox 428, Cairo, NE 68824; \
<br /> s. .
<br /> 'y"'ti•' and GERALD ORNDOFF, an undivided one-half interest, whose mail3nq
<br /> `�"�'�'�%��:' address is 1883 Cunningham Avenue, Medford, OR 97501; ELLEN
<br /> WILLIAMS, an undivided one-eighth interest, whose mailing addrass
<br />:_l+�ti �r" is 15593 S. West Avenue, Caruthers, CA 93609i ALLAN SII�fONS, an
<br /> ��� � undivided one-e:lghth interest, whose address is 2195 2nd Avenue,
<br /> ',''`''� Boelus, NE 68820; BERT SII�Il�iONS, an undivided one-eighth interest,
<br />_�,"�� whose addrese is P. O. Box 18139 6, San Diego, CA 92178; and
<br /> =-�}T� FLORENCE L. SII+II�SONS, an undivided one-eiqhth interest, whc�se
<br /> ,n_''`=," 4 mailing address is 3013 Avenue "G"� White City, OR 97503,
<br />°'.�:��� ("BENBFICIAkY", whether one or morej.
<br /> °_�„��.
<br />--'"���. FOR VALUABLE CONSIDERATION, Trustor irrevacably transfers,
<br /> }'-"��'�' conveys, and assigns to Trustee, IIJ TRUST, WITH POWER OF SAL�, for
<br /> -���'��` the benefit and securit of Beneficia
<br /> -�-•A���• y ry, undar and sub j ect to the
<br /> . "° terma and conditions of this Deed af Trust, the real property
<br />:,r_u, located in the County of Hall, State of Nebraska, and lega�ly
<br /> ---= described as fallows: (ttae �•Property") :
<br /> _-- Ttze Northeast Quarter (NE�) of Section Nineteen (19) ,
<br /> Township Twelve (12) North, Ranqe Eleven (11) West af the
<br /> 6th P.M., lying North of the Right of Way of The C. B. &
<br /> Q. Railroad Company, Hall County, Nebraska excepting
<br /> certain tracts more particularly described in Warranty
<br /> Deed to Chevron Chemical Company, a Delaware Corporation
<br /> recorded in Book 156, Page 292 ; Deed to Hall County _
<br /> -- recorded as Document Nd. 92-100060; Warranty Deeds to
<br /> — Burlington Northern Railroad Company, a Delaware
<br /> -____� corporation recorded as Documents Nos. 97-105381, 97-
<br /> 105382, 97-105383 , 97-10 53 8 4 and 97-105385
<br /> '__ '_ TOGETHER WITH all rents, easements, appurtenances,
<br /> =-- hereditaments, interests in adj oin ing roads, streets and alleyc,
<br /> --- . improvements and buildings of any }cind situated thereon.
<br /> �.�^.�,� `
<br /> _��'ti.�:� The property and the entire e state and interest conveyed to
<br /> ::`-'�_"%`: the Trustee are referred to collectively as the "Trust Estate". �-
<br /> '''•��r =_
<br />" ''`;.�'�`��':' FOR THE PURPOSE OF SECURING: E`_
<br /> c�.� . .;,`. �_-
<br /> _ �=:,=;.�'4 a. Payment of indebtedness fn the total principal amount of E;
<br /> R`�'�'=�,''�. $132 ,665.19, with interest tYiereon , as evidenced by that certa�in _
<br />--�.��; � Promissory Note oF even date (the �•Note��) with a maturity date of =
<br />: ;��";� July 1, 2007, executed by Trustor, which has been delivered and is �`
<br /> ;;;r,� . _' .'� payable to the order of Beneficfary, and which by this reference is ��
<br /> �.;,:s� hereiay made a part hereot , and any and all modifications, �
<br /> ' •�� extensions and renewals thereof, and,
<br /> '' : b. Payment of all sums advancad by Benef iciary to protiect the
<br /> , Trust Estate, wi�h interest thereon at the rate of sixteen (16$)
<br /> � percent per annum.
<br /> I
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