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201600134
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Last modified
5/17/2016 12:56:39 PM
Creation date
1/11/2016 11:29:30 AM
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DEEDS
Inst Number
201600134
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261600134 <br /> improvements, all crops raised thereon, and all water rights. <br /> The Property and the entire estate and interest conveyed to the Trustee are referred to <br /> collectively as the"Trust Estate". <br /> FOR THE PURPOSE OF SECURING: <br /> a. Payment of indebtedness in the total amount of$63,000.00 with interest of 4.125% <br /> thereon, as evidenced by that certain promissory note of even date (the "Note") with a maturity <br /> date of July 15, 2030, executed by Trustor, which has been delivered and is payable to the order <br /> of Beneficiary, and which by this reference is hereby made a part hereof, and any and all <br /> modifications,extensions and renewals thereof,and <br /> b. Payment of all sums advanced by Beneficiary to protect the Trust Estate,with interest <br /> thereon at the rate of 4.125%per annum. <br /> This Deed of Trust, the Note, and any other instrument given to evidence or further <br /> secure the payment and performance of any obligation secured hereby are referred to collectively <br /> as the "Loan Instruments". <br /> TO PROTECT THE SECURITY OF THIS DEED OF TRUST: <br /> 1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and <br /> the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as <br /> provided in the Loan Instruments. <br /> 2. TAXES. Trustor shall pay each installment of all taxes and special assessments of <br /> every kind, now or hereafter levied against the Trust Estate or any part thereof, before <br /> delinquency, without notice or demand, and shall provide Beneficiary with evidence of the <br /> payment of same. Trustor shall pay all taxes and assessments which may be levied upon <br /> Beneficiary's interest herein or upon this Deed of Trust or the debt secured hereby, without <br /> regard to any law that may be enacted imposing payment of the whole or any part thereof upon <br /> the Beneficiary. <br /> 3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage <br /> insurance insuring the improvements and buildings constituting part of the Trust Estate for an <br /> amount no less than the amount of the unpaid principal balance of the Note (co-insurance not <br /> exceeding 80% permitted). Such insurance policy shall contain a standard mortgage clause in <br /> LAW OFFICE favor of Beneficiary and shall not be cancelable,terminable or modifiable without Ten(10)days <br /> prior written notice to Beneficiary. Trustor shall promptly repair,maintain and replace the Trust <br /> BRAD MONCRIEF, Estate or any part thereof so that, except for ordinary wear and tear, the Trust Estate shall not <br /> L.L.C. Y p � � ary , <br /> 1239 N.Burlington Ave., <br /> Suite 200 <br /> Hastings,NE 68901 <br /> (402)462-5353 <br /> 2 <br />
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