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DEIM OF TRUST 89-: 19 594 This DEED OF TRUST is mode this day or - —' 1989, by and among HCPMT' J. ARAN JR., and JANE R. AUM, Joint tenar{�yui c CaNOaM. herein referred to as "Trimtors," whose mailing address is RT,. 3, WE 119, WOW RIM, NE 68983 111E BANK OF CAIRO, a�__lx _i3aralcinsr Caa'tx 'atiots, h4areine►fter referred to as "Trustee," whose mailing address is Bqx -A2$, Cairo NE 68824: and THE STA BANK GkIR a NebrAgl'ia Dn is c r�tJLor hereinafter referred to as "L�enefic3ar.,y," who.-.,-- mailing address i.:i Box 428, Calm, NE 6.',1$2A- For valuable: consideration, Trus :sors irrevocably grant, transfer, convey and assign to Trustee, in trust:, with power of sale, for the benefit and security of Beneficiary, wrier and subject to the tr. :rms and conditions of this Deed of Trust, the following described real property located in HALT, County, Nebraska: South half of the Northwest Quarter (S1 /2NW1/4) in Section (24)9 Township 11 North, Range 12, West of the 6th P.H., Hall County, Nebraska, together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances located thereon, and all personal property that may be or hereafter become an integral part of such buildings and improvements, all crops raised thereon, and al.l water rights, all of which, including replacement -s and additions thereto, are hereby declared to be a 1mrt of the real estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter referred to as the "Property." Fitt THE PURPOSE OF SECURING: a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of $ 75.000.09, together with interest at the rate or rates provided therein, and any and all renewals, modifications and extensions of such note, both principal and int:-,erest on the note being payable in accordance with the terms, set forth ttiuerein, which by thj _% reference is hereby maci,e a part hereof; b. The performance of each agreement and covenant of Trustors herein contained; and c. ne payment of all sums advanced by Beneficiary under the terms of this Deed of Trust, together with interest thereon at the rate provided in the note. TO PRt7nr T THE SFXXIRI'1'Y OF 711IS DM) OF =JST, TRW1`ORS MU MY aWENAW AND AGRa: 1. To pay when due, the principal of, and the interest on, the indebtedness evidenced by the note, chuga, fees and all other suss as provided in the loan iastraeoU, 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. 3. To pry, when due, all taxes, special usesssents and all other charges against the property, before the sage became delinquent. Trustors shall nay all taxes and assessaents Which say be levied upon Beneficiary's interest herein or upon this Deed of Trust or the debt secured hereby, without regard to any law that say be earted isposing papeat of the whole or any part thereof upon the Beneficiary. 4. To keep the iaprovesents now or hereafter located on the property insured against dosage by fire and such other hatatds as the Beneficiary say require, in asaunts and coagnies acceptable to the Beneficiary, Such insurance policy shall contain a standard sortgage Claus^ in favor of Beneficiary. Truitor shall proaptly repair, mintain and replace the property or any part thereof, so that, except for .ordinary wear and tear, the property shall not deteriorate. S. In the event the property, or any part thereof, shall be taken by eahent detain, the Beneficiary is entitled to collect and receive all compensation, which nay be paid for any property taken or for dosages to property not take, and the Beneficiary shall ,.pply such eospennation, at its o -tion, either to a reduction of the indebtedness secured hereby, or to repair and restore the property so taken. 6. The Beneficiary say, but shall have no obligation to, do any act which Trustors have agreed but failO to do, and the Bcnefi :,ary may also do any act it deems necessary to protect the lien hereof. Trustors agree to repay, upon demand, any sums 6o expended by the Beneficiary for the above purposes, and any sua so expended shall be addea to the indebtedness secured hereby and beanie secured by the lie hereof. The Meaeflcilry shall no incur any 'liability because of anything it say do or omit to do hereunder. 1. The Beneficiary shall have the right, power and authority during the continuance of this Deed of Trust to collect the cents, issues and profits of the property and of any personal propeity located thereon With or without taking possession of the pro, =rty affected hereby, and Trustors hereby absolutely and unconditionally assign all such rents, issues and profits to the beneficiary. The benefic•s :y, however, hereby consents to Trustors' collection and retention of such rents, issues and profits, so long as Trustors are net, at such tome. in default with respect to papent of any indebtedness secured hereby, or in the perfonance of any agreee� hereunder. If any event of default des..tc,l hereafter in respect to this Deed of Trust shall have occurred and be continuing, the Beneficiary, as a latter of right and without notice t rustors or anyone claising Tzder Trustors, and without regard to the value of the trust estate or the interest of the Trustors therein, shall ,',. t the right to apply to any court having ju isdiction to appoint a receiver of the property. I. The Beneficiary, or its , are authorised to enter at any reasonable tiro upon or in any part of the property for the purpose of inspecting the case and for the purpose of performing any of the acts they are authorised to perfors under the tens of any loan iastrusents executed by Trustors. 1. If all or any part of the property or any interest of Trustora is sold, transferred or further eacusbered without the written cosset of the Beneficiary, the Beneficiary nay declare all am secured by this Trust Deed to be.inediately due and payable and proceed to the resedies available to it under the default provisions contained herein.