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<br /> DEEDOFTRUST 200 � U1124
<br /> This Deed of Trust, hereinafter referred to as Security Instrument, is made on this 2nd day of February, �
<br /> 2�0� � � _ ��g,$a�'bara A Suck, Husband and ' �
<br /> .�: �h
<br /> 'V�Y �, 4S ` a e e" ' , enesaw, l"� t"�m . '�`i�'I`rustee,hereinafter referred to
<br /> as Trustee is Adams County Bank. The Beneficiary, hereinafter referred to as Lender, is Adams County Bank,
<br /> which is organized and existing under the laws of the State of Nebraska, and whose address is Kenesaw, County
<br /> of Adams, State of Nebraska. Borrower owes Lender the principal sum of Three Hundred Sixty Three
<br /> Thousand and No/100---------------------Dollars ($363,000.0(1). This debt is evidenced by Borrower's note
<br /> dated the same date as this Security Instrument, hereinafter refened to as Note, with the full debt, if not paid
<br /> earlier, due and payable on July 1, 2000. This Security Instrument secures to Lender: (a)the repayment of the
<br /> debt evidenced by Note(s), together with interest thereon, any further advances, and all extensions,
<br /> modification, substitutions, and renewals thereof; (b) the payrnent of all other sums, with interest, advanced
<br /> under Section Nine hereof to protect the security of this Security Instrument; and (c) the performance of
<br /> Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br /> irrevocably grants and conveys to Trustee, in trust, with Power of Sale, the following described real estate:
<br /> The NW'/ NW'/4 of Section 25, and Lot 2 in the NW '/4 of Section 25, all in Township 9 North, Range 12
<br /> West of the 6th P.M., Hall County, Nebraska.
<br /> The S '/: SW '/d of Section 24, the SW '/4 SE '/. of Section 24, and Lots 2 and 3 in Section 24, all in
<br /> Township 9 North, Range 12 West of the 6th P.M.,Hall County,Nebraska.
<br /> which is located in Hall County, Nebraska, having the address of Kenesaw, Nebraska and is hereinafter
<br /> referred to as"Property Address."
<br /> Together with all the improvements now or hereafter erected on the properry and all easements, rights,
<br /> appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures
<br /> now or hereafter a part of the said properiy. All replacements and additions shall also be covered by this
<br /> Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property".
<br /> Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br /> grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br /> Bonower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br /> any encumbrances of record. Borrower and Lender covenant and agree as follows:
<br /> 1. TRUST DEEDS ACT. That this Trust Deed shall be governed by the terms of Section 76-1001, and
<br /> following, of the Revised Statutes of the State of Nebraska,also known as the Nebraska Trust Deeds Act.
<br /> 2. PAYMENT. That the Borrower shall pay to the Beneficiary the principal and interest under the
<br /> terms of the Promissory Note(s).
<br /> 3. TAXES. That the Borrower shall pay all general real estate ta.xes and special assessments levied
<br /> hereinafter against the property when the same become due and before the same become delinquent.
<br /> 4. INSURANCE. That the Borrower shall insure the property against loss by fire, hazards, included
<br /> within the term "Extended Coverage" and any other hazards for which the Lender requires insurance in an
<br /> amount not less than N/A no/100-------------Dollars ($ 0,400.(10) with a company qualified in the State of
<br /> Nebraska by a policy containing a clause for loss payable to the Beneficiary and the Borrower as their
<br /> respective interests exist at the time of the loss and to provide evidence of payment of the premium of said
<br /> policy upon reasonable demand by the beneficiary.
<br /> Unless Lender and Borrower otherwise agree in writing, inswance proceeds shall be applied to
<br /> restoration or repair of the Property damaged, if the restoration or repair is economically feasible and Lender's
<br /> security is not lessened, or the insurance proceeds shall be applied to the sums secured by this Security
<br /> Instrument, whether or not then due,with any excess paid to Borrower.
<br /> If Borrower abandons the Property, or does not answer within thirty(30) days a notice from Lender that
<br /> the insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. Lender may
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