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<br />DUD or TRUST 89-- 102t2r78
<br />We Deed Of Trust to mode this 4th day of D aYt . 1!L_. by and X08 es and
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<br />§M ar A. Graves, 1AWWO Ond 19JIR . hetti *after referred to�is Trl� uir."
<br />whose wailing address 1* Aiynd 8, _ Bnack •
<br />Atterse at Law, hereinafter referred to as Trusted. whose welling address ie
<br />Gran Island, NE 68 $; and TIBt Ov981AND NATIONAL BARK Or CRIWD IBLAMD, hereinafter referred to as
<br />5"Offietery whose mall;*1 address is P. 01. Boas 1688, Cra" Island, Nebraska GM2.
<br />rot tsleaile consideration. Truster irrevocably grants• transfers, cesvoYs and stall"* to Trustees in
<br />twist, with grief of sales for the benefit and seesrritk of Bemofieiety, under and sob Ott to the tens and
<br />ee*ditiws of elite Need of Trost, the feilewi"g- deteribOd *repertt, located in _�8.1 Cawntys
<br />Nabrooli. to -vita
<br />A tract of 9mund in the Southwest Quarter (SWD of Section
<br />West of the 6th P.M., in Hall County, Nebraska, more particularly
<br />described in attached Exhibit IWI.
<br />together with all bvildlags, laprovements, fixtures, strastes e,llrys, passageways, easements, rights, privi-
<br />leges and asppurtenawces located thereon or in any vsy partala/n8 thereto. and the, rants. immune. profits,
<br />reversions sad the reminder@ thereof. lacludles all such personal property that is attach" to the Improve-
<br />oats ss on to semseltwto a fixtsrs, all of.wbleh, irtivdisg roplacemsato and O"ttxear therate, ere hereby
<br />declared to be a part of the real estate conveled is trust hereby, it being agtrasd that ell of the fore-
<br />going Shall, to bessisafter refereed to On the Property."
<br />TWINS M"89 Or SWCURINCt
<br />(a) the payment of indebtedness evidenced by Trumtor's note of evsa data harawffth'ta
<br />the principal am of Sixty_ Thousand and N6/100 ---- -(! 60.000.W. 1. tower
<br />with Interest at the Cate qt rates ptor!ided then, or the principal mad Ineettat::an•any'
<br />fature advance not to exceed.tle toted principal sun Initially secured be'eby ss evade d,
<br />by proaiseory notes otatta$ they, are secured hereby. and any and all terns ls, modifications
<br />and exto wlmo of mch.natta� both principal end Interest an the notes Ack"S payable In
<br />accordance vlth. "tits teraw set forth .*sreln, which by this rtUrerim ie hereby wads a part
<br />hereof
<br />(b) the pwbirmance of each agreement and ci�ynnant of Truster herein contained; and
<br />tic) the payment of amr."sus, or suss of mon0p 141ch say be hereafter paid or advanced
<br />by Btaofictary under the Cetas'of this Do" of Trani, together with iattr0st thereon at the
<br />sate provided in the note.
<br />To protect the security of this Deed of Trust, Truster hereby covenants AWd agrees as follower
<br />1. payment of tudebtctess. To pay when due, the principal of, 014 Wie Interest on. the indebted-
<br />ness evides ced byte notes, dJrarges, feu and aU other sure as provided." w. tAo loan Instruments.
<br />2. Title. Truster ih the cower of the pcmgarty and has the right and authority to execute this
<br />Deed of !twat In rsspeet to the property.
<br />1. Taxes anti Assessments. To (�mg„ when Na, all taxes, special semesswent* and all other charges
<br />against tM preperty, befam the vsse�tbecoms delavZuent, and, In the event Beneficiary shall me requires
<br />to add to the payments rogistred codes the note senvred hereby. such smeaat as may be sufftelextt to en-
<br />able Beneficiary to pay suds, Xaxts, Statements tr other charges as tbo7 btpooe due.
<br />b. Insurance. To keep the laprd4nuents now or hereafter located on the real estate described
<br />herein insured against damage by ftre mood such other hazards as Beneficiary wry require, In amount* and
<br />eempenies Mcceptable to Beseficieryl. and with loss payable to Beneficiary. In case of loss under such
<br />policies. Beneficiary to authorised to adjust. collect and compromise. In Its discretion, all claim
<br />thereunder end, at its sole option, to authorized to either apply the Fina.seds to the restoratoaj" of the
<br />property or upon the hWebMineas.setured herebys but peyasrsto requiret its note shall centimes until
<br />the air secarad hereby are'pald lea fivnl.
<br />S. Repair.. Maintenance and U.at� To proaptly repair, restore or rebvfld any buildings or loprove-
<br />menta saw or hereafter: on Oft property; to keep the property in good eenciftlon and repair, without waste
<br />and fires from mechanics at cerher liens not expressly subordinated to the Bfan hereof to not wake, suffer
<br />or asrwlt any nuisance to exist nor to diminish or impair the value of tlta property by any Oct of emission
<br />to atti and to ean►ly.wlth 811 tequtcessrrt:s of law with respect to the property.
<br />G. Condemnation. nation. In the event the property. or any part thereof, shall be taken by eminent domain.
<br />sawfielary is entitled to collect and receive all compensation which say be paid for any property tome
<br />or for damages to property not taken, and Beneficiary shall apply such cosspestation, at its option,
<br />either to a reduction of the Indebtedness secured hereby or to repair sod restore the property so taken.
<br />y. Performance by Beneficiary. Beneficiary way, but shall have no obligation tog do any act which
<br />Truster has agreed but failed to do, and Beneffetery may also do any act it deem necessary to protect
<br />the 11011 hereof. Truster agrees to repay, ups+ demand, any sums so expended by Beneficiary for the
<br />above Purposes, and any rum so expended by Beneficiary shall be added to the Indebtedness secured here-
<br />by OW becor Secured by the Item hereof. Beneficiary shell set incur gay personal liability because, of
<br />anything it my de or emit to do hereunder.
<br />8. Assignments of Rents. Beneficiary shall have the tight. power and authority during the cen-
<br />tfasascs of thin Deed of Trust to collect ttie rents. Issues and profits of the property and of any per -
<br />seoal property located thereon with or without taking possession of the property affected hereby. end
<br />Truster hereby absolutely and unconditionally assigns all such rents. issues and profits to Beneficiary.
<br />Mnafftiaty, however, hereby consents to Trustor's collection and retention of such wants. Issues and
<br />Profits as they accrue and become payable. sv long as Truster is not. at such time. In default with re-
<br />spect to payment of any Indebtedness secured hereby. or in the performance of any sgreesent hereunder.
<br />If any event of default described hereafter to respect to this Deed of Trust shall have oreurred and be
<br />e*"timfns, geneficiscre as '* natter of riche and without rmtlrm to Tnutoor or e!%yme e2f0n4es under
<br />Trustere and without regard to the value of the trust estate or ttm Interest of the Truster therefnp
<br />eh_ell Nava On tight Go apply to any court hsvleg jurisdiction to appoint a receiver of the property.
<br />!. lnmpeetfons. Beneficiary, or its agents, representatives or workmen. are authorised to enter
<br />at any teses"able time upon or in any part of the property for the purpose of Inspecting the saws and
<br />der the pirpesa of ptriorslng any of the act• it to aithorised to perform under the term of any loan
<br />100ttala t executed by Truster.
<br />10. Transfer of Property it all or any part of the property or any Interest of Truster therein
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