|
1
<br />rt AWTRUCTION SEC11Rt'rY AGREEMENT 90- -105690
<br />0= Oi TAT v
<br />THIS TRUST DEED. mods Ihls 1 ac ay a October t 90 by �� t vet„ n R. Powell
<br />�,�d p�� A. Powell Husband and Vito, a Toinft—'1 t3na Eb as enant en otaamon.
<br />Itt1�e ao0lees N Rr- _ ;6. Box T IA. (trend Inland. NE 68803
<br />OWSM "TttstsW)'. and MBit R MM1, wAmse etnlling address is P.O. Box*?, Wood Rlwr, Nebraska t3M, ( hersin "Thnow." and "Bortefidsry').
<br />FOR VALUABLE CiMIDERAYMN, Imlie ft the ittdebtedrness ktdentified herein and the tent heroin anted, the nxsipt of which is hereby
<br />Idutsw *W, Truster irrevocoMy prams. traetsfw - can" , and astsiptts to Trustee. M TRUST. WITH POWER OF SALE, for the benefit and
<br />"Wily sf Beneficiay, under and subject toll» tsrnsl aedcsetditions of We Dud of 1' rust. the red properi described os follm,
<br />The East Half of the Southeast Quarter of the Southeast Quarter (EkSE1 /4361/4)
<br />of Section Pour (4), Township Ten (10) North, Range Ten (10) west of the 6th P.M.,
<br />Hall County, Nebraska.
<br />i .
<br />TOGEtK* WITH, all rents, profits, royalties, intone and other benefits derived from the reel property; oil leases or sthteases covering the
<br />real property or any portion thereof, now or hereafter existing or entered into, old all righr,, title and interest of Truster tharewsder, all in-
<br />terosts, estate or other claims, both in low and in equity, which Truster now hos ar may hereafter acquire in the reol property; all easements.
<br />rights -of -way, tenernents, heredifoments and appurtenances thereof and thereto, all oil and gas rights and profits, water rights and water
<br />stock: oil right, title and interest of Trustor, now owned or hereafter acquired, in and to any lattd lying within the right -of -way of any street or
<br />highway adjoining the real property, any and all buildings, fixtures, improvements, and appurtonames now or hereafter erected thereon or
<br />bebrgirg thersto, (herein referred to as "Improvement" or "Improvements "); and any and all awards node for the toking by eminent domain
<br />or by any p area Wq or purchase in lieu thereof, of the whole or any part of the real property.
<br />All of the foregoing estate, property and interest hereby conveyed to Trustee hevein collectively referred to as the "Property"
<br />THIS 0061 OF TRUST SHAH SECgM!:
<br />(a) Tho,palattom of inndebtednoss awmL -mced by Trustor's note of even dote herewith in the principal sum of . -- T)j IM THOUSAND
<br />AND ------------- »---------- _Dallcrrs (S 30000.00
<br />together with interest of lee rote or root provided therein, (herein, together wt, any and all renewals. modifications, and extensions thereof,
<br />refetrned to as the "Note''') both principal and interest an the Note being poyaiW in accordance with the terms set forth therein, reference to
<br />which is het* Trade, the find papwte r of principal and interest, if not sauna paid and if no renewals, modification or extensions are node,
<br />due and poydble, on A rn i 1 ),i 991 --
<br />(b) The performance of each ogreemernt and covenant of Truster herein contsod; and
<br />(c) The payment of any sum or sums of money sitar -interest thereon which -stay be hereafter paid or advanced under the terms of this Deed of
<br />Trust.
<br />(d) The p grmo of any future advomes nscowit to protect the security or any future advance made of the option ff %he parties: and
<br />(o) The'performonce of an obligotiorr.of miry other .l arson named in this Trust E1eed to o benef iciory.
<br />TO PROTECT THE SEt11RITY OF THIS DEED OF TR45T . TRUSTOR HEREBY COYEIA %TS AND AGREES AS FOLI.M is
<br />1. NopseeY of P 1 -4 Bred bsstoo. Truster shall promptly pay when due the principal el- and interest on the indebtedness evldence4 ,air the
<br />Note, and all oMtsr charges and fees in prevdded in the Notc, and the principal of and inW*i;* an any Future Advamin,� wwed by this bed of
<br />Trust.
<br />2. Wee wdl ell' Mile. Truster is lowhAly seized and possessed of good and indefeasible title and estate to the Property hereby conveyed and
<br />has the right to grant and convey the Property; the Pmpwty is NO old clear of dl liens and encumbrances except liens now of record: and
<br />Truster will wtarront osd dolferd the tAle to the Property aaoinst all claims and darmmnds
<br />3.OWisseeeee Md Cswlillem rile Isles. Trustor shoal keep the Property in good condition and repair and shalt rte? commit waste or permit
<br />ittt;I6 Is N or dais imolice of the Property curd shall comply with then provisions of Bony loose if this Deed of Trust is on o kosehold. No improve-
<br />ment raw or lwisolow erected upon the Property sholl be altered. roncived or demolished without the prior wrr"am consent of Beneficiary.
<br />Truster Shall Qty with all lows, ordinances, reg;utaro ns, covenants, conditions end restrictions affecting the Property and not con in, it. suffer,
<br />or penwit any act to be dkww io or upon the Property in violation of any law, ordinonce, Fenton, covenant condltion or restriction. Truster
<br />shot) complete or restore prortptYlr oiler in {goad workmanlike motor any improvemxer,t on the Property wtpth ntoy be damaged or destroyed and
<br />pay, when due, all claims for labor performed old materials furnished therefore and for any alterations thereof
<br />4. baseemois. Trusts, at its expense, will mnintoin with insurers approved by Beneficiary, insurance with respect to the Improvements and
<br />Personal property, constituting the Property, against foss by fire, lightning, tornodo, and other perils and hotords covered by stordard e.terded
<br />coveroge o dorsernent, in an amount equal to at Most ono hundred percent of the full replacement value thereof old rnswome, against such
<br />other huords and in such amounts as is customarily carried by owners and operotors of sienna► popWttes a as WWIK*ry may require for its
<br />protection. Trustor will comply with such other requirements as Banfictsy may from time to lime, regyeyt for the protection by insurance of the
<br />interests of the retWive parties. AN insurance policies maintained pursuant to this Deed of trust small nor, Truster and Beneficiary os
<br />survds. as their respective u►terests may Opp-01. and provide that there shell bone carwv4 ahon or rnodrf notion withwt no less than IS day %
<br />prior written ratification to Isnet+cwry In the event any policy hererutdw is not renewed on or before IS days pr to to is e■paw.00 date
<br />6enelficiory may procure such insurance to occordonce with the provisions of paragraph ) Pwoot Trust& shall deriver to Bw*fggWv the or.q•na,
<br />pahNeS Of OWCWKe aedrenewatS "W OI or nynmc"s of SUCK poiK -es and rw*waii thereof tor, !! tp }v n Sh 1U h nS�.��ts• D, Tr,itti,• ..
<br />renewals w re"old hsreunder sheer. at the ophon of Bonefraary constitute u doloust
<br />
|