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<br /> . , DEED OF TRLiST WITH FUTURE ADVANCES 97� �1� :l��-
<br /> : �..,:�_.:.
<br /> , �'!YGY��r s-..
<br /> > 1997 by and among D�NIVIS R.� s,;
<br /> , '� This DEED OF TRUST is made this 1 ith day of December, ,
<br /> � BONSACK, a single per�on, hereinafter referred to as "TrUStors," whether one or more, whose mailing � •:, . _�
<br /> a d dress i s P o s t O f�'i c e B o a 554, Wood River, Nebraska 68883; THE STATE BANK OF CAIRO, a .:_'�
<br /> " � Nebras{w Banking Corporation, hereinafter refened to as"Trustee," whose mailing address is Box 428, �_-_�
<br /> �� Cs►iro, Nebraska 68824; and THE STATE BANK OF CAIRO, A NebrASkx BAnking Corporation, __
<br /> � hereinafter referred to as "Bencficiary,"whose mailiag address is Box 428, Cairo,Nebraska 68824. __ - _
<br /> ;r For valuable consideration, Trustors inevocably grant,transfer, convey and assign to Trustee,in trust,
<br /> ° with power of sale, for the benefit and security of Beneficiary,under and subject t� the terms and conditions of
<br /> "� this Deed of Trust,the following described real property located in HALL County,Nebraska:
<br /> ��� A tract of land comprising a part of the North Half of the Northeast Quarter(N ll2 NE 1!4)of Section Thirty Two(32),
<br /> � Township Tcn (10) North, Rangc Elevcn (!l) Wcst of the 6th P.M., Hall County, Nebraska, said tract being more
<br /> � particularly described as follows: BEGINNING at the Northeast corner of said North Half of the Northeast Quarter(NE 1/Z
<br /> , NE 1/4); thencc running on an assumed bearing of S 00°00'00' E on the East line of said North Half of thc Nonheast
<br /> � t Quarter(N 1/2 NE 1l4)for a distancc of One Thausand Threc H�uidred Eightecn and Eight Hundredths(1,318.08)fect to
<br /> - the Soutrieast comer of said i•iu�7h Raif af ttsc*:orthessi Q�a er rNg t/9 NF.1/4):thence S 89°09'S6"W on the South line
<br /> of said Nonh Half of the Northeast Quarter(N6 1/2 NE 1/�t) for One Thousand Six Hundred Sixry Six and Thirty Eight
<br /> Hundredths (1,666.38) feet; thence N 65°41'36" E for One Tliousand Four Hundred Ninety Thrc:e and Fifiy Five
<br /> Hundredths feet; tt�ence N 21°54'00" E for One Hundred Eighty Seven and Sixty Seven Hundredths feet; thence N _—
<br /> o[)°W'29"E for Five Hundred Forty Nine and Eighty Eight Hundredths feet to a point on thc North line of said North Half of
<br /> the Northcast Quartcr(NE 1/2 NE 1/4);thcncc N 89°08'03"E on thc North line of said North Half of the Northeast Quarter �
<br /> (NE 1/2 NE 1/d) for Two Hundred Thirry Fivc Feet(235.00)fcet to the POIN'f OF BEGINNING. Said tract containing
<br /> � 17.502 acros, morc or less; �
<br /> together with all buildings, improvements, fixtures,streets,allays,passageways, easements, rights, privileges and
<br /> appurtenances located thereon, and all personal property that may be or hereafter become an integral part of such
<br /> ,i, buildings and improvements, all crops raised thereon, and all water rights, all of which, including replacements
<br /> . �. and additions thereto,are hereby declared to be a part of the re�l estate conveyPd in trust hereby, i+he�nc� ageed __
<br /> � � � that all of the foregoing shall be hereinafter refened to as the°Property."
<br /> � �� FOR THE PURPOSE OF SECURING:
<br /> - � a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of
<br /> $35,000.00, together with interest at the rate or rates provided therein, and any and all renewals, mod'afications —
<br /> and extensions of such note,both principal and interest on the note being payable in accordznce with the terms ����
<br /> set forth therein, which by this reference is hereby made a part hereof; and any and all future advances and �3;�_.`,=�.-�.
<br /> �;_::�---
<br /> readvances to Trustors hereunder pursuant to one ore more promissory notes or credit agreements(herein called ,:�:,.:;
<br /> �_ :.s..�,�,
<br /> ��Note"): �:-�;_,._
<br /> b. the payment of other sums advanced by Beneficiary to protect the security of the Note; „ �:=���-�-
<br /> c. the performance of all covenants and agreements of Trustor set forth herein; and
<br /> :,;r.;
<br /> d. all present and future indebtedness and obligations of Trustors to Beneficiary whether direct, indirect,
<br /> absolute or continbent and whether arising by note,suaranty,overdraft or otherwise;
<br /> TO PROTECT THE SECURITY OF TI�IS DEED AF TRUST,TRUSTORS HEREBY COVENANT AND AGREE: •
<br /> :�----� i....�.... ..t.....,� f.u+c onr�all nther
<br /> -� � ------- - � _ _:
<br /> , 1. To pa}' �vhcn duc. thc principal of, and thc tnterest on, tnc i■tuc'viuu►c��e:�u�«�.0 �, .•��••�:�. �..�•o-�• ----
<br /> � sums as pro�•idcd m thc loan�nstn�mcnts.
<br /> , � 2 Trustors arc thc ov��ncrs of thc propert}� and ha��c thc right ai�d authont}• to crecutc thts Decd of Tnist �u respcct to thc
<br /> � propcm•
<br /> 3 To pa}�. �+hcn dua all ta�cs. spccial asscssmcnis and all othcr ch�ugcs ,igain�t dic propert}�. bcforc thc s�mc bccomc �
<br /> � dcl►nqucnt T'n�stors sl�al!pa}•all taxcs and asscssmcnts���hich ma}�bc Ic�•icd upon Bcnefician�'s intcrest hercin or uoon this Dced of
<br />- � Tnist or thc dcbt sccurcd lurcb��.«�thout rcgard to am•Ic��c that may be�nactcd imposing pa}•mcnt of thc«�holc or any phrt Uicrcof �
<br /> �
<br /> - upon thc Bcncfician' •
<br />-- �t 'Ib kccp lhc icupro�cnuuts nou�or hemaftcr locatcd on ihc pro�xrt�'msurcd ag.+�nst dama�:c b}• firc and such othcr liarards as
<br /> ' Ihc Bcnct"ictan� ma)� ra�uirc.in amounts and cotnpauics ac:ccptablc lo Ihc Bcncfician.Such insura�icc polic)�shall conlam a standhtd I
<br /> � mongagc clausc m fn�or of Bcncfici:in• Tn�stor slr�ll prompth rcpair. mawtain and replacc tltc propert}�or att�� pan thcrcof. so �
<br /> Ilr.u.cec�pt Cor ord�nan�trir and tcar.tlic propcm�shall not dctcnoraic
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