|
DEED OF TRUST WITH FUTURE ADVANCES
<br />This DEED OF TRUST is made this 21st day of October, 1999, by and among FRANKLIN R
<br />HOCHSTETLER, a single person, hereinafter referred to as " Trustors," whether one or more, whose mailing
<br />address is Post Office Box 267, Cairo, Nebraska 68824; THE STATE BANK OF CAIRO, a Nebraska
<br />Banking Corporation, hereinafter referred to as "Trustee," whose mailing address is Box 428, Cairo,
<br />Nebraska 68824; and THE STATE BANK OF CAIRO, a Nebraska Banking Corporation, hereinafter
<br />referred to as "Beneficiary," whose mailing address is Box 428, Cairo, Nebraska 68824.
<br />For valuable consideration, 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 />this Deed of Trust, the following described real property located in HALL County, Nebraska:
<br />The Northerly Twenty -two (22) feet of Lot Ten (10), all of Lot Eleven (11), and the
<br />Southerly Nine (9) feet of Lot Twelve (12), all in Block Two (2), Fifth Addition to the
<br />Village of Cairo, Hall County, Nebraska;
<br />and
<br />The North one -half (N 1/2) of Lot Eight (8) and all of Lot Nine (9), in Block Three (3), in
<br />the First Addition to Cairo, Hall County, Nebraska;
<br />and
<br />Lot One (1), Block Three (3), First Addition to Cairo, Hall County, Nebraska;,
<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, including replacements
<br />and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed
<br />that all of the foregoing shall be hereinafter referred 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, modifications
<br />and extensions of such note, both principal and interest on the note being payable in accordance with the terms
<br />set forth therein, which by this reference is hereby made a part hereof, and any and all future advances and
<br />readvances to Trustors hereunder pursuant to one ore more promissory notes or credit agreements (herein called
<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 />d. all present and future indebtedness and obligations of Trustors to Beneficiary whether direct, indirect,
<br />absolute or contingent and whether arising by note; guaranty, overdraft or otherwise;
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTORS HEREBY COVENANT AND AGREE:
<br />1. To pay when due, the principal of, and the interest on, the indebtedness evidenced by the note, charges, fees and all other
<br />sums as provided in the loan instruments.
<br />2. Trustors are the owners of the property and have the right and authority to execute this Deed of Trust in respect to the
<br />property.
<br />3. To pay, when due, all taxes, special assessments and all other charges against the property, before the same become
<br />delinquent. Trustors shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed of
<br />Trust or the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof
<br />upon the Beneficiary.
<br />4. To keep the improvements now or hereafter located on the property insured against damage by fire and such other hazards as
<br />the Beneficiary may require, in amounts and companies acceptable to the Beneficiary, Such insurance policy shall contain a standard
<br />mortgage clause in favor of Beneficiary. Trustor shall promptly repair, maintain and replace the property or any part thereof, so
<br />that, except for ordinary wear and tear, the property shall not deteriorate.
<br />5. In the event the property, or any part thereof, shall be taken by eminent domain, the Beneficiary is entitled to collect and
<br />receive all compensation which may be paid for any property taken or for damages to property not taken, and the Beneficiary shall
<br />S D
<br />n
<br />n
<br />T n
<br />C
<br />Z
<br />n=
<br />�
<br />O
<br />c> cn
<br />o -i
<br />p
<br />X>
<br />M
<br />CA
<br />v
<br />x
<br />rn
<br />C m
<br />^T'1
<br />Z
<br />m
<br />�,
<br />o
<br />-n
<br />O
<br />O
<br />CD
<br />c3
<br />c=.
<br />o
<br />►-,
<br />-,7
<br />o
<br />C
<br />-„
<br />a: M
<br />X3. ' m
<br />0
<br />N
<br />a
<br />D
<br />F�
<br />ea
<br />Q1
<br />u�
<br />CD
<br />7
<br />w
<br />O
<br />D
<br />F-'
<br />co
<br />CIO
<br />~
<br />i�
<br />C-D
<br />(
<br />Z
<br />c '
<br />200001311
<br />`�
<br />•°
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />This DEED OF TRUST is made this 21st day of October, 1999, by and among FRANKLIN R
<br />HOCHSTETLER, a single person, hereinafter referred to as " Trustors," whether one or more, whose mailing
<br />address is Post Office Box 267, Cairo, Nebraska 68824; THE STATE BANK OF CAIRO, a Nebraska
<br />Banking Corporation, hereinafter referred to as "Trustee," whose mailing address is Box 428, Cairo,
<br />Nebraska 68824; and THE STATE BANK OF CAIRO, a Nebraska Banking Corporation, hereinafter
<br />referred to as "Beneficiary," whose mailing address is Box 428, Cairo, Nebraska 68824.
<br />For valuable consideration, 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 />this Deed of Trust, the following described real property located in HALL County, Nebraska:
<br />The Northerly Twenty -two (22) feet of Lot Ten (10), all of Lot Eleven (11), and the
<br />Southerly Nine (9) feet of Lot Twelve (12), all in Block Two (2), Fifth Addition to the
<br />Village of Cairo, Hall County, Nebraska;
<br />and
<br />The North one -half (N 1/2) of Lot Eight (8) and all of Lot Nine (9), in Block Three (3), in
<br />the First Addition to Cairo, Hall County, Nebraska;
<br />and
<br />Lot One (1), Block Three (3), First Addition to Cairo, Hall County, Nebraska;,
<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, including replacements
<br />and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed
<br />that all of the foregoing shall be hereinafter referred 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, modifications
<br />and extensions of such note, both principal and interest on the note being payable in accordance with the terms
<br />set forth therein, which by this reference is hereby made a part hereof, and any and all future advances and
<br />readvances to Trustors hereunder pursuant to one ore more promissory notes or credit agreements (herein called
<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 />d. all present and future indebtedness and obligations of Trustors to Beneficiary whether direct, indirect,
<br />absolute or contingent and whether arising by note; guaranty, overdraft or otherwise;
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTORS HEREBY COVENANT AND AGREE:
<br />1. To pay when due, the principal of, and the interest on, the indebtedness evidenced by the note, charges, fees and all other
<br />sums as provided in the loan instruments.
<br />2. Trustors are the owners of the property and have the right and authority to execute this Deed of Trust in respect to the
<br />property.
<br />3. To pay, when due, all taxes, special assessments and all other charges against the property, before the same become
<br />delinquent. Trustors shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed of
<br />Trust or the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof
<br />upon the Beneficiary.
<br />4. To keep the improvements now or hereafter located on the property insured against damage by fire and such other hazards as
<br />the Beneficiary may require, in amounts and companies acceptable to the Beneficiary, Such insurance policy shall contain a standard
<br />mortgage clause in favor of Beneficiary. Trustor shall promptly repair, maintain and replace the property or any part thereof, so
<br />that, except for ordinary wear and tear, the property shall not deteriorate.
<br />5. In the event the property, or any part thereof, shall be taken by eminent domain, the Beneficiary is entitled to collect and
<br />receive all compensation which may be paid for any property taken or for damages to property not taken, and the Beneficiary shall
<br />
|