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<br /> R�CORpATtON RE�UESTED BY:
<br /> Uxingtoa Swt�Mnk and Trust Co.
<br /> ' I10 Y1i�st Ttb Straat
<br /> P.�.n!+x L�?s
<br /> l�xinqtor��NE �NSO
<br /> r WIHHN RECOADEO MAIL TO:
<br /> �x,,,�,su�.�.��Tti�t�. gQ-- 102525
<br /> t��wue 7th sa..t
<br /> P,O.Qox 67f
<br /> I.�xln�ton,tdE 6a�b0
<br /> SEND TAX NOTICES TO:
<br /> MATTHEW J�OANNEHL and ANN E OANNEHL
<br /> 1IO3 WEST/1NNA1 STREET
<br /> ORAND ISLJIN�.NE iN01
<br /> SPAiC!A�OV!THIS LINE IS FOR RECOROER'S USE tlt�lllP
<br /> DEEQ OF TR�1ST
<br /> , fNl9 �EE� OF TRUST IS OATED MA1t' b� 1�Q(01, amo�p �41'HEYU .�. DANN���. snd A�IN E. DANNEHI.�
<br /> HUSBANO AND WIFE, whose addnss ts 1709 WEST ANNA S'�REET, �AAND ISLi1HD, NE 68801 (�ater�ed to
<br /> betow �s "Gr�nto�'); Loxin�4on St�t� Ba�k and Tn�at Co.,whos��dcl��ss is 110 West 7th St��t, P. O. Box 579�
<br /> l.exin�too, NE 68850 (rotarrod to bsbw sort�Mi�na as "L.�� �ad aomrtimas as "8aneflclary"); and
<br /> lexin�ton Stst� Bank a�d T�ust Compuny., whos��dd��ss is 110 West 7th St�eot, Lexinyton, Neb�aska 68850,
<br /> (�eferr�d to bebw as"T�ust�e"}.
<br /> CONVEYANCE AND GAAHT. For wtuabN oonUd�tlon� Granlor oonwys b TfwM� in frw�W17N POWER OF SALE,tor q�b�f1M1 of
<br /> L�ncN►as�nMe1Ny.aN of Orantor's dght,tide,and Int��q lo and!o ih�tobwUg de�aib�d aN propKty,to�tha with aN existing or aubsaquenty
<br /> erected or �fllxsd buildtr�, Improvemenb and lixtuns; M�,�IpAb of way, u�d appurNnanar aN watK,water rlghta �nd dftch ri9hts
<br /> (including atock in u6litie�with ditch or iRigatbn�hb);and NI othK�h�b,royMY�,a�d pro11a rNatlnp b ths�ai pro�eAy.including withoul Mrr�itadon
<br /> eu rn�nerNs,oi�,gas,geotherma{and simiar maflero,locat�d In HAU Counry. $ht�Ot N�b�OSlcw, (thO RN) P�Operty"):
<br /> A part ot tho Souihoatt Du��t�r of th� Nohl►wNt �srt��(SE 1!4 NW 1/4) oi S�ctlon Twenty Ona (21)In
<br /> Township Eleven (11) North, R��� Nin� (�) WWt ot th� 6th P.M., H�II County, Nebroska mors � �
<br /> pa�rticutarty described es toibws: Bqlnnin� tt a polM on the South Nno of Anna St�eet 1� the City of �
<br /> - Grand laland, Nebraska, 293.5 F�t Etstariy trom th�intorsectlo�ot saW South Una ot Anna Strvet and
<br /> the Eaat p�operty Ilne of the County Road whlch Is bcaRad on th�approximate North and South cente� �
<br /> Iine oi the St/2 NWtl4 ot aald Section 21; th�nce runnin� Easterly abn� the South Une oi Anna Street �
<br /> 90.4 Faet, thonce ►u�nin� Southeriy 13� fMt; thanc� W�st�y,paratlat to tha South iine of �►nna Sireei r-_-
<br />. . �Q��� t�0�7w0 tJnrhtsrh. 1!!�i�ust fn ti�w nJ's�e�a n!ha�,in�nl�e� . .. .-. -�
<br /> The Ret�l Property o�its address Is comrtwniy kno�n as im�wEST�Nw►Srn�T,a�to�suNO,NE 68801.
<br /> Gramor presenty assigns to Lende� (aiso known�Benefldary in tF�s Oeed af Tnut)aM oi Grantora right,UUe,end interest in and to all leases of the �'
<br /> Property and atl Rents irom the Property. In addittisoR, Cirantor gra�ts Lsndei a Uniform Commerdal Code securily Interest In the Rems and the . �f
<br /> Personal Prop6rty deflned bebw.
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<br /> � DEFiNIT10NS. Tl�e folbwing wards shall heve the folbwir�meantngs whsn used in thb Oeed of Trust
<br /> B�mllciuy. The word"Benefictary'means Lexington State Bank and Trust Co..ib succe�sors a asslgns. Lexington State Bank and Tnist Co. ;
<br /> also is refeRed to as°Lender'in this Deed of Trust '
<br /> De�d ot Tnut 'TE�e words"Deed ot TrusC'mean thb Deed o!Truat among CiruKOr, Lender. and Trustee, and InGudes without iimitation atl � .
<br /> assignment and security interest provlsiona relaUng to the Personal Property and Rems.
<br /> Orantor. The word"Grarrto� means any and aN pereo�a a�d entltl�s exacuHng this Oeed of Trust,induding wfthout timitation MATTHEW J. }���
<br /> DANNEHL and ANN E.DANNEHL.
<br /> ' Improvtm�nt�. The word "Improvements" means end Indudee wlthout INNtatlon W existlng and future Impmvements, tixtures, buitdings, �
<br /> swctures,mobile homes afNxed on the Real Property,t�cilitles,addi�one�nd akr�ii�r consUUCtlon on the Red Property. ':
<br /> Ind�bt�dness. The word"Indebtedness"means all pdndp�l and int�eet payabts under the Note and any amounq expended or advanced by .
<br /> Lender to discharge obiigations o1 Grantor or expenses IncuRed by Trustae or Lender to eoforce obNgatlons of Grantor under this Deed of Trust,
<br /> together wtth Interese on such amounts as provlded in thb Deed of Truat Thle Deed ot Trust aecures,In addition to the amounts specified in the
<br /> Note,tuture advances in the amount of 572,000.00,together with eN Interest thereon,which future advances Lender is obiigatod to make so tong
<br /> as Grantor compties with all the terms and conditlons o!the Note or other ban agreen�en� horrever, in no eveni shatl such tuture advances
<br /> (excluding interest)exceed In the aggregate S72,o00•00. TM 11«t of thl�DNd of T�ust shtll�ot�xcwd at any onv time S72,000.00.
<br /> L��dK. The word"Lender"means Lexington State BaNc and Tnust Oo..its auooessora or�sigr�a.
<br /> Note. The wotd'Nots"mans th�Not�dated May 6,1990�In th�prineipsl amount oi s'l2,00�.00 trom Grantor to Lender,together
<br /> ' with aU rer�ewWs,extensions,modilications,roflnancinga and substitutlo�tor the Note.
<br /> Personai Prop�rty. TI19 4YOff15"Personal Property'n'�n�fl equfptflen�IIxOues.8nd other arifctes o1 persana!properly owned by Grantor, now
<br /> or hereatter attxhed or attixed to the Real Property;together with aN icoee�lons.p�rts,and addiUorp to. all reptacements oi,and all substitutions
<br /> 1or, any of such property;and together wtth an proCeeds pncluWng wnno►�t IIM[a11on aN insuranoe proceeds and retunds oi premiums)from any
<br /> sale or ather disposition o1 the Property.
<br /> Property. Th�word"Propeny'means collecUvery the Real Property�nd the Personal Property.
<br /> Real Propetty.The words"Real Property'mean the properry,interesb and righLS described nbove in the"Conveyance and GranY'section.
<br /> � Related DoCUment�. The words "Related OoCUments' mean and inctude without limitatlon all promissory notes, credit ag�eemerns, loan � '
<br /> ac:a6%nents, guaranlies,s9curity agreements,mortgages, deeds of trust,anG atl other tloCUmenis,whether now oe i�ereafiter ea�:,����7y,exei,itibd i�� --
<br /> cor.necUon with Grantor's Indebtedness to Lender.
<br /> Rsnte. The worci"Aents"means all rents,revenues,income,issues,end profiis from the Properry.
<br /> Trustee. 7he word'Trustee"means Lexington State Bank and Trust Compazrr.and a�y substitute or sur�xssor trustees.
<br /> TN13 U£EO OF TRUST, lNCLUDING THE ASSIGNMENT OF RENTS AND THE SECiJRf7Y INiEREST IN THE RENTS AND PERSONAL �
<br /> PROPEPiYY, IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AHD (2)PERFORMANCE OF ANY AN�AI.L OBIIGATIONS OF
<br /> L GRANT�R UNDEfi Ti?E NOTE AND THIS DEEC/OF TRUST. THIS DEED OF 7RUST IS GIVEN AND ACCEPTED ON THE FOLLOWlNG TERMS: �
<br /> PAYMENT ANO PERFORMANCE. Except as otherw�se provided in thls Deed et Ttust,Grantor shali pay to Lender all amounts secured by this Deed oi �i'
<br /> Trus�a3 they t�cemo duo,�nd th�ll otr�otly wnd in A tim�fy m�nnot po►1Arm ul oi Qrl�tot�obiig��nt und�thi Noto on�tl9ie Oocd of Tr;��i. �
<br /> POSSESSlON AND MAIN�ENANCE OF THE PROPERTY. Grantor agrees that Grantor's possessian and use ot the Property shan bo governed by the �
<br /> foliowing provision9:
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<br /> Pnssesslon and Usn. I int�1�hA or�urrenCw o1 an Fvent nt pc,fa��n,f;rantor may (a)►em?�n��possess+an and cont!o�ot it�n p�r,nn�i/. ;b) use. � -
<br /> upc�ratp oi manago iho Prope�ty,and (c)coltoct any Rents from ihe Proporty.
<br /> Outy to Maintaln. Giantor snai n,a;ntaui iha Property m t�nantbb!o condrtion and prompl:y p�irlorm AU repa,rs and m�n:�n in;,c �.�•,.���.._��� t�
<br /> pi�:r.ervo ats va�uE3
<br /> Hazardous Substances. 1ne term� 'r�azardous wast�:' "hazardous substnnc�." "d�sposai."°rei�ra.a."ar��i'ihr�,,;un�;J ru�c��.0 :: �.�.; y��� �� �
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