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<br />NQITIFICATION OF USE Of TRUST DEED
<br />TO SECURE PERFORMANCE OF OBLIGATION
<br />The undersigned hereby ackrowtedges and undzrsta ~ds that the document to be ercecu:ed by the undersigned is a trust d"ri and not a
<br />mortgage. andthatthe power otsafe provided for in the trust deed provides suhstantraliy different rights and obligations to .ne trustor roan a
<br />mortgage in the event of a defan,t or breach of obligation.
<br />Dated and executed on the day of r�?�Ch_ .____ 1989_
<br />_, p►ror
<br />to c '*n ref the fot T
<br />rt ueY Nina J. Raulifit
<br />TRUST DEED
<br />THIS TRUST DZEP, made this - ___ 314t day of
<br />by and among Robert R. Rauert and Nina J _R�te=. i ii spand - and Wife
<br />whose malting ailSi ss is — t - #1_ Box 313A ( ;rz_nd_14glatitd_,_1`1__._W801 _
<br />(herein"Trustor' {:' nri Howard E_ Tracy - Arty-----_,-
<br />whs s:ptralling address Is 706 Weat_4,at, &�,:_, bran iAl and; NF __6$a01___�
<br />iha, Up
<br />ion ion� `Bank &Trust C of _Grand Island _
<br />whose mailing address ts, 20Q8 N. Webb Road Grnad Island • NE 68803 ___ _ �hereirt °Beceticasy'3.
<br />F:1R1/ALUABI.;ECd34SIDERATioN, Trustor Irrevocably grants, transfers. conveys and assigns to Trustee. IN TRUST, WITH ROW cROF S.a"c.
<br />for Ln•pbaneht anti- sO.ur ty ofaaaWlicrary, Q and subject the terms andcondrh6nsof this Trust Deed. the following described real p,o;�9:1[y. .
<br />locafodin
<br />The East %i%f . of the Southwest - Quarter (E? SW! ). ' of Section Fifteen (15). in Township
<br />Twelve (12 j, •Xorth, Range Ten ' (20) West of the 6th P.H. , Hall Comty, Nebraska and The
<br />East Half of the Southwest Quarter (EJ SW,) and the Southeast Quarter (SEI), all in
<br />Section Sikteen (16), Township Twelve (12) North, Range Ten (10) West of the 6th P.M.,
<br />in Hall CoLmtty;, Nebraska, excepting a tract of land consisting of the southerly 940
<br />feet of the westerly 670 feet of the Southwest (Quarter of the Southeast Quarter "(SWI SE ;)
<br />of Section Sixteen (16), Township Twelve (12) North, Range Ten (10) West of the 6th
<br />P.M., Hall County, Nebraska.
<br />TOGETHER Y&H all ofthefollowing, whether now owned or hereafter acquired. rents, profits, royalties. income and other beneiltsderi"d.lrhm
<br />the real property: all leases or subleases covering the real property or any portion thereof, all interests. estate or other claims, both iniaw ilrid ill
<br />equity In the t6 1 property. all homestead ;cliemptlons which are hereby released and waived. all easements, rights- ot•way, till1t111lopts,
<br />hereditaments; all pit and gas rights and piofita, Mater rights: all right, title and interest of Trustor, in and tq any land tying within the right =vl,viey of
<br />any street orhig fray adjoining the real ptopntl`; any and an buildings, fixtures. improvements, and appurtenances now or heroaltc +r sit+cied
<br />thereon or belunoing thereto, therein referred to as Implovullunll or Improvements )and any and art awards -nade for the taking by ennnent
<br />domain,or'N'any proceeding or purchase In lieu thei cot, of tho lvhale or any part of tho real p roperty An o! the foregoing estate tiroporty and
<br />interest conveyed to Trustee heroin collectively refe -red to as tho 'Property
<br />FOR THE PUITPQSE 4F SECURING
<br />tat The puytnnnt o'. indebtedness evidenced by Trustor s note or gUltrnntee I I`+ote I dated March 31 1_1 89
<br />to 2fia mn, filfal ,Ur,fot ±+Choi,► h'Indred ttrenty five thatis:sntl. dallarr, 8 OV /ICr r,.,;•.�..
<br />rS #���•�� _ ) tagetherv,, th. rterestattherateurrateyaro��de [lt�ererr ,rn,llrr�j,r,n. •pa'�rl�c;L••••r• •,<:r�
<br />L future advances evidenced by promissory notes or quarartoes stating lhey are secured r +ereaf. ar.d :In•; nn,i al .f, +e �1�'s r ; tl •, ,
<br />eaten$ ronsthereof. b! Jlriprincipalandi nterestbeingp ayablei naccordavcc iedh +Y•eMrrr;,f,?t;,•it,lhc•rr.. ;,h•n,,�lr;;�•..rt.•r.r.. -.c c + :•c
<br />hereof
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