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<br /> DEED OF TRUST WIT1H FUTURE ADVANCES �.r' __
<br /> � This DEED OF TRUST is made this 24th day of December, 1997,by and among DAVID SPIF.HS and
<br /> �� TAMELA SPIEHS, husband and wife, hereinafter refened to as "Trustora," whether one or cnore, whose __
<br /> ' mailing address is 13038 Vbrest 13th Street, Wood River, Nebraska 68824,THE STaTE BANK OF CAIRO, �v
<br /> � u Nebraska Banking Corporation, hereinafter referred to as "Trustee," whose mailinb address is Box 428, `_
<br /> Cairo, Nebraska 6882a; and THE STATE BANK OF CAIRO, a Nebraska Banking Corporation, __
<br /> hereinafter refened to as"Beneficiary,"whose mailing address is Box 428,Cairo,Nrbraska 68824.
<br /> Far valuable considerat:on, Trustors irrevocably grant, transfer, convey and assign to Trustee, in trust, _
<br /> `�'� with power of sale, for the benefit and security of Beneficiary,under and subject to the terms and conditions of
<br /> s
<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 Southeast Quarter (SE 1/4) of Section Seven (7).
<br /> � Township Eleven (11) North, Range Eleven (11) West of the 6th P.M., Hall County, Nebraska,
<br /> � more particularly described as follows: Be�inning at the southeast corner of said Southeast
<br /> - �uartar (�E 1;4); thencs �vestPrly along and upon the south line af said Southeast Quarter (SE
<br /> 7 1/4),a distance of Four Hundred(400.0) feet, thence northerly, parallel with the east tine of said
<br /> �' Southeast Quarter (SE 1/4), a distance of One Thousand One Hundred (1,100.0) feet;thence
<br /> ' easterly, parallel with the south line of said Southeast Quarter (SE 1/4), a distance of Four
<br /> ��� Hundred (400.0) feet to a point on the East line of said Southeast Quarter (Sfi 1/4};thencs
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<br /> ' '� southerly, along and upoa the east line of said Southeast Quarter (SE 1/4), a distance o One
<br /> � Thousand One Hundred(1,100.0)feet to the point of beginning,
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<br /> �, together with all buildings, improvements, fixtures, streets, alleys,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 /> �', buildings and improvements, all crops raised thereon, and all water rights, all of which, inaluding replacements �
<br /> �: and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby,it being agreed G
<br /> that all of the foregoinb shall be hereinafter refened to as the"Property."
<br /> � �.I
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<br /> � FOR THE PURPOSE OF SECURING: ��:�
<br /> �p a. Payment of indebtedness evidenced by 1'rustors' note of even date herewith in the principal sum of ��'�
<br /> $169,200.00, together with intetest at the rate or rates provided therein, and any and all renewals, modifications ��___m_
<br /> and extensions of such note, both principal and interest on the note being payable in accordance with the terms -`�"'u.
<br /> set forth therein, which by this reference is hereby made a part hereof; and any and all future advances and �..��„�_,
<br /> romisso notes or credit agreements (herein called .�'r�:`���
<br /> readvances to Tnistors hereunder pursuant to one ore more p x7' ::;;,'-
<br /> ��Note"); •ryw,,�;-;
<br /> b. the payment ot'other sums advanced by Beneficiary to protect the security of the Note;
<br /> c. the performance of all covenants and a�;reements of Trustor set forth herein;and
<br /> d. all present and futtire indehtedness and oblibations of Trustors to Beneficiary whether direct, indirect,
<br /> absolute or contingent and whether arisin�by note,guaranty,overdraft or otherwise;
<br /> TQ PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTORS HEREBY COVENANT AND AGREE:
<br /> .. . . . .. ...._ :_.__._.
<br /> .... ��,., �.,Arhtcdnecc ct��denccd bv the note.chargcs. fccs and all othcr
<br /> 1 1. To pa}•�vhcn duc. tnc pnnc�pai o�. a«u«« <�«•.•��� �•�. ..._ ...---- � ----—
<br /> 1 sums as providcd in ihc loan�nstrumcnts.
<br /> 2 Tnistors arc thc o��ncrs of thc propcn}� and ha�•c dic nght .tnd authorit}• to cxccutc this Dccd of Tnist in respcct to thc
<br /> iprop�rt}
<br /> I 3 To p;n. ��hen duc. all taxcs. spcci.�l asscssmcnts and all othcr chargcs .igainst thc propert)�. bcforc thc sanu bccomc
<br /> dclinqucnt Tn�slors shall pay all taxcs and asscssmcnts«•hich ma��bc Ic�•icd upon Bcneficiln's intcrest hcmin or upon tlus Dced of
<br /> ' '1'nist or thc dcbt sccurcd hcrcb��. ����thout rcgard to att��I;nc that ma)•bc cuactcd impos�ng p:n•mcnt of thc ��ttolc or an}� part thcrcof
<br /> ; upon thc F3cncCiciar��
<br /> � ; 'fo kccp thc tmpro�cmcnts no« on c�rcaftcr lor►tcd on thc propert} msurcd agauist damagc b� firc and such othcr h;vards as
<br /> i
<br /> thc BcncCician tna)�rcqwrc. in amount�,ind comp:mics acccpt:iblc to tlic E3cncCuian•.Sttcli insuraucc pohc}�sl►:dl contain a stattdard
<br /> mori�;agc cl.ms¢tn fa�or oC Bcnc(ic[an• '1'nisror shafl protnptl}� rcpair. mainta�n and replacc thc propr.rt}' orauy part llicrcof. so i
<br /> t►iat,csccpt for ord�nan�ncar and ic:�r.thc propert}�sh:ill not dctcnoratc. ;
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