|
200004253
<br />M X >
<br />n M (A
<br />C=
<br />Z
<br />>
<br />M
<br />r) :r_ CA
<br />61
<br />DEED OF TRUST
<br />This Deed of Trust, hereinafter referred to as Security Instrument, is made on this 3rd day of May,
<br />2000. The Trustor, hereinafter referred to as Borrower, is Randal Suck and Barbara A Suck, Husband and
<br />Wife, whose address is 14570 W Platte River Drive, Kenesaw, NE 68956. The Trustee, hereinafter referred
<br />to as Trustee is Adams County Bank. The Beneficiary, hereinafter referred to as Lender, is Adams County
<br />Bank, which is organized and existing under the laws of the State of Nebraska, and whose address is Kenesaw,
<br />County of Adams, State of Nebraska. Borrower owes Lender the principal sum of Two Hundred Forty Nine
<br />Thousand and No /100--------------- - - ---- Dollars ($249,000.00). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument, hereinafter referred to as Note, with the full debt, if not paid
<br />earlier, due and payable on January 1st, 2020. This Security Instrument secures to Lender: (a) the repayment
<br />of the debt evidenced by Note(s), together with interest thereon, any further advances, and all extensions,
<br />modification, substitutions, and renewals thereof, (b) the payment 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 % of Section 25, all in Township 9 North, Range 12
<br />West of the 6h P.M., Hall County, Nebraska AND
<br />The S % SW % of Section 24, the SW 1/4 SE 1/4 of Section 24, and Lots 2 and 3 in Section 24, all in
<br />Township 9 North, Range 12 West of the 6h 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 property 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 property. 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 />Borrower 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 taxes 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 ($ 0,000.00) 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, insurance 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
<br />use the proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or
<br />not then due. The thirty (30) day period will begin when the notice is given.
<br />5, WASTE. That the Borrower shall not commit or suffer any waste of the property.
<br />C:)
<br />C--
<br />CD
<br />C)
<br />CD --l.
<br />Un
<br />rt
<br />CD �-,3
<br />3;,.
<br />CD
<br />C7
<br />Cn
<br />co
<br />E3
<br />Cil co
<br />C:)
<br />CD
<br />Cn
<br />C�
<br />U)
<br />52
<br />This Deed of Trust, hereinafter referred to as Security Instrument, is made on this 3rd day of May,
<br />2000. The Trustor, hereinafter referred to as Borrower, is Randal Suck and Barbara A Suck, Husband and
<br />Wife, whose address is 14570 W Platte River Drive, Kenesaw, NE 68956. The Trustee, hereinafter referred
<br />to as Trustee is Adams County Bank. The Beneficiary, hereinafter referred to as Lender, is Adams County
<br />Bank, which is organized and existing under the laws of the State of Nebraska, and whose address is Kenesaw,
<br />County of Adams, State of Nebraska. Borrower owes Lender the principal sum of Two Hundred Forty Nine
<br />Thousand and No /100--------------- - - ---- Dollars ($249,000.00). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument, hereinafter referred to as Note, with the full debt, if not paid
<br />earlier, due and payable on January 1st, 2020. This Security Instrument secures to Lender: (a) the repayment
<br />of the debt evidenced by Note(s), together with interest thereon, any further advances, and all extensions,
<br />modification, substitutions, and renewals thereof, (b) the payment 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 % of Section 25, all in Township 9 North, Range 12
<br />West of the 6h P.M., Hall County, Nebraska AND
<br />The S % SW % of Section 24, the SW 1/4 SE 1/4 of Section 24, and Lots 2 and 3 in Section 24, all in
<br />Township 9 North, Range 12 West of the 6h 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 property 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 property. 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 />Borrower 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 taxes 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 ($ 0,000.00) 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, insurance 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
<br />use the proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or
<br />not then due. The thirty (30) day period will begin when the notice is given.
<br />5, WASTE. That the Borrower shall not commit or suffer any waste of the property.
<br />
|