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200107192
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />This DEED OF TRUST is made this 13th day of July, 2001, by and among GANYMMSERRIMMW
<br />LISA HARDERS, husband and wife, hereinafter referred to as " Trustors," whether one or more, whose
<br />mailing address is 362 south burwick road, Wood river, Nebraska 68883; THE STATE BANK OF
<br />CAIRO, a Nebraska Banking Corporation, hereinafter referred to as "Trustee," whose mailing address is
<br />Box 428, Cairo, Nebraska 68824; and THE STATE BANK OF CAIRO, a Nebraska Banking
<br />Corporation, hereinafter referred to as "Beneficiary," whose mailing address is Box 428, Cairo, Nebraska
<br />68824.
<br />For valuable consideration, Trustors irrevocably grant, transfer, convey and assign to Trustee, in trust,
<br />with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of
<br />this Deed of Trust, the following described real property located in HALL County, Nebraska:
<br />An undivided one -half interest in part of the North Half of the Northeat Quarter (N 1/2 NE 1/4)
<br />of Section Twenty (20), Township Eleven (11) North, Range Eleven (11), West of the 6th P.M.,
<br />in Hall County, Nebraska, more particularly described as follows: Commencing at the Northeast
<br />corner of said Section 20 and running thence Southerly along and upon the East line of said
<br />Section 20, a distance of Six Hundred Sixty (660) Feet to the point of beginning; running thence
<br />Westerly and parallel to the North line of said Section 20, a distance of Six Hundred Seventy
<br />(670) Feet; running thence Southerly and parallel to the Easterly line of said Section 20, a
<br />distance of Six Hundred Sixty (660) Feet to the South line of the North Half of the Northeast
<br />Quarter (N 1/2 NE 1/4) of siad Section 20; running thence Easterly along and upon the South line
<br />of said North Half of the Northeast Quarter (N 1/2 NE 1/4) of said Section 20 and parallel to the
<br />North line of said Section 20, a distance of Six Hundred Seventy (670) Feet to the East line of
<br />said Section 20; and running thence Northerly and upon the East line of said Section 20, a
<br />distance of Six Hundred Sixty (660) Feet to the point of beginning; containing 10.15 acres,
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges
<br />and appurtenances located thereon, and all personal property that may be or hereafter become an integral part of
<br />such buildings and improvements, all crops raised thereon, and all water rights, all of which, including
<br />replacements and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it
<br />being agreed that all of the foregoing shall be hereinafter referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of
<br />$125,000.00, together with interest at the rate or rates provided therein, and any and all renewals, modifications
<br />and extensions of such note, both principal and interest on the note being payable in accordance with the terms
<br />set forth therein, which by this reference is hereby made a part hereof; and any and all future advances and
<br />readvances to Trustors hereunder pursuant to one ore more promissory notes or credit agreements (herein called
<br />"Note ");
<br />b. the payment of other sums advanced by Beneficiary to protect the security of the Note;
<br />c. the performance of all covenants and agreements of Trustor set forth herein; and
<br />d. all present and future indebtedness and obligations of Trustors to Beneficiary whether direct, indirect,
<br />absolute or contingent and whether arising by note, guaranty, overdraft or otherwise;
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTORS HEREBY COVENANT AND AGREE:
<br />1. To pay when due, the principal of, and the interest on, the indebtedness evidenced by the note, charges, fees and all other sums
<br />as provided in the loan instruments.
<br />2. Trustors are the owners of the property and have the right and authority to execute this Deed of Trust in respect to the property.
<br />3. To pay, when due, all taxes, special assessments and all other charges against the property, before the same become delinquent.
<br />Trustors shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed of Trust or the
<br />debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof upon the
<br />Beneficiary.
<br />4. To keep the improvements now or hereafter located on the property insured against damage by fire and such other hazards as
<br />the Beneficiary may require, in amounts and companies acceptable to the Beneficiary, Such insurance policy shall contain a standard
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