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RECORDATION REQUESTED BY:
<br />,lo1,n tlumm and Nina Hotnom
<br />RL 1 11111= 4113
<br />mono l-W NE gUm
<br />WHEN RECORDED MAIL TO:
<br />pS i tsen'County esnR
<br />Oanedrop, !E e11101
<br />SEND TAX NOTICES TO:
<br />John Ho ear and Nina Motion
<br />RL 1 Sox 433
<br />39- 101431
<br />I SPACE ABOVE THiS LINE IS FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THiS DEED OF TRUST IS DATED MARCH 21, 1989, amng Jahn Honor* and Nina Honor% husband and wif%
<br />whose addesss is RL 1 Box 433, Grand Island, NE 68803 ( referred to below as "Grantoe*)-, Shonran County
<br />Bank, whose address is P.O. Box 150, Dannebrog, NE 68831;(eofarrtld to below sometimes as "Lender* and
<br />sotrtetttlin*s as "Beneficiary"); and Sherman County Bank, whose address .1s . 734. "O" Street, Loup qty, NE
<br />58853, (referred to below as 'Trustee ").
<br />CONVEYANCE AND GRW. For valuabie candderatian, Grantor convoys to- Trustee In trutsk VfiiET(Ef..POWER OF
<br />SALE, for the benefft of Lendev as Beneft'Lary aD of Gantors right, tine, and interest In to the following
<br />and deaetibed real property,
<br />together with 99 existing or mbfi9queNl� a LmOad or af5v�t ifaGdirrgs, Improvements and fixture. ate usmnsnts, rights of way, and appurtenances; al
<br />water water rg M and dit h ct (ncFWzR g stock in uglies with ditch or irrk,)ation rights); and all other rights, royalties, and � fib r 1n the red
<br />property, ithou..W#zdon al rrtwsb, oil, frroo Of 01
<br />aJ �, g'eotfrermal and similar matters. located In Hall Courtly, 5tat* of Ndbraski,
<br />"Real
<br />i
<br />(the pmpww):
<br />A fzaet of land eompristng a part of the Southeast Quarter of they Southeast Quarter (Sf1 14SE114) of
<br />Sectlon Thirteen (13), Township Eleven (11) North, Range Nine (9) Kest of the 6fh P.M. , Hall County,
<br />Nebraska described as follows: Beginning at the southwest corner of said Southeast Quarter of the
<br />3'
<br />Southeast Quarter (SEIMSE1 14); thence northerly along the west line of said Southeast Quarter of the
<br />-
<br />Southeast Quarter (SE1143E1 /4), a distance of Four Hundred Forty (440.0) feet; thence def1wUng right 88
<br />--
<br />degrees 1TS0" and noctning easterly a distance of Four Hundrtict Six and twelve hundredths (40&12)
<br />feet; thence deflecting , ,girt 91 d97-fts 42'10" and running southerly, a 4stance of Four Hundred
<br />Fifty -four (4542) feet, to t* Ruth 11he'af Said. Southeast Mader of the Southeast Quarter (SEIMSE1 14);
<br />thence West" along s41'd south ;no of tiia Southeast Quarter of the Southeast Qualrtfltr (SE1 /4SE1 /4), a
<br />tit he* of Four Hundred &x (406.0) feet to the place of beginning. and containing 4.1W- acres more or
<br />less.
<br />119 Real Property otr l+,.s address its ccertert+e;raly known as East Bismark Road;. Grand' island, NE 613803.
<br />Grantor presently assigns to Lender (also kriNvn as Beneficiary in this Deed of Trust) all of Grantees iiWit, IL'tle, and irWest in and to the Rents t"a"1 the
<br />Property, in addition, Grantor grants Lenctw, a !Uniform Commercial Code security Interest in the Rents and the Ferknay Properly defined below.
<br />DEFINITIONS The following words shall have the following meanings when used In this Deed of Trust:
<br />Banefloitryi: The word "Seneficiary" means Shemen County Bank, its successors or assigns. Sherman 0:•unty Bank also is refenrai to as
<br />"Lend**' in This Deed of Trust
<br />Dead 4 Dualt. The words "Deed of Tnj�- irx ta: i this Deed of Trust among Grantor, Lender, and Trustee, and include without firw Uon all
<br />assigramil-c ad security Interest provisrns roiaNi,!; to the Personal Property and Rents.
<br />Grantor. The word "Grantor" means any and O' l.ersono and entitles executing this Deed of Trust, Inctuding wiihout fimitation John Hcnow and
<br />Nina Honors.
<br />ImprovwrAnts. Tf* wui d "improvements" merits and Includes without lirritawn ail existing and future improvements, factures, buildings,
<br />structures. mobile homes affixed on the Red Property, facilities, additions and similar construction an fhe Real Property.
<br />Indabladrws, fie word "Indebtedness' means an principal and Interest payable under the uttn cc:d zn;r amounts expended or advanced by
<br />Lender to discharge obligations of Grawor or expenses incurred by Trustee or lender to enforce obiigalnnu of Grantor under this Deed of Trust,
<br />together with interest on such amounts as provided In this Deed of Trust.
<br />Lander. The word "Lender' means Sherman County Bank its successors or assigns.
<br />111110106 ilia word "Hots" moans tM nova or credit agrament dated March 21. 188* in the principal amount of $10,00000 from
<br />Grantor to Lender, together with all renewals, extensions, modifications, refinancings, and
<br />substitutions for the note or credit agreement. The
<br />maturity date of this Deed of Trust is March 21.1994, NOTICE TO GRANTOR: THE NOTE CONTAINS A VARIABLE INTEREST RATE.
<br />Personal Property. The words 'Persona) Property" all equipment, fixtures. and other articles of personal property owned by Grantor, now
<br />or haresher attached or affixed to the Real Property; together with all accessions, pans, and additions to, all replacements of, and all substitutions
<br />for, arty of such property; and together with all proceeds (including without limitation all insurance proceeds and refunds of premiums) from any
<br />sale Or other disposition of the Prop".
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