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<br />15 0M M Tom 90-405999
<br />THIS TRUST DEED. metre this day of October tg 90 , by and among Mark •A . G lop and
<br />Dian G� us red and wife
<br />whose i Rt . 2 Box 246, Wood River, Nei 68883
<br />Mersin "TruNa'7; and 111111110 MEW whose malling addnas is P.O. Box 487. Wood Rim, Nebraska SOW, (herein "Tnntes, -- and - osondl iw ).
<br />FOR VALUABLE CONSIDERATION, inekdinp the indebtedness in clultifl d herein and the trust herein created, the receipt of which is hereby
<br />n A a - eI Fin d, Tttistor MrwocobRy grants, transfers, conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and
<br />security of Beneficiary. under and subject to the tenon and contditic a of this Deed of Trust, the read property described as folkewt:
<br />A tract of land compromising a part of the Southwest Quarter (SW1 /4) of Section Two (2),
<br />Township Ten (10) North, Range Eleven (11) West of the 6th P.H., Hall County, Nebraska,
<br />and more particularly described as follows; Beginning at a point on the south line of
<br />said Southwest Quarter (SW1 /4), said point being Two Hundred Sixteen and Eighty —One
<br />Hundredths (216.81) feet east of the southwest corner of said Section Two (2); thence
<br />easterly, along and upon the south line of said Section Two (2), a distance of Four
<br />Hundred Seventeen and Forty —Two Hundredths (417.42) feet; thence deflecting left 90 °00'
<br />and running northerly a distance of Four Hundred Seventeen and Forty —Two Hundredths
<br />(417.42) feet, thence deflecting left 90 °00' and runni,xg parallel with the south line
<br />! of said Section Two (2), a distance of Four Hundred Seventeen and Forty —Two Hundredths
<br />(417.42) feet, thence deflecting left 90 °00' and running southerly, a distance of Four
<br />! Hundred Seventeen and Forty —Two Hundredths (417.42) feet to a point of beginning and
<br />containing 4.00 acres, more or leas.
<br />TOGETHER WITH, all rents, profits, royalties, inane and other benefits derived from the real property; all leases or subleases covering the
<br />real property or airy portion thereof, now or hereafter existing or entered into, and all right, title crd interest of Trustor thereunder, all in-
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<br />terests, estate or other claims, both in law and in equity, which Trustor now has or may hereafter a wire in the real property; all easements,
<br />rights -of -way, tenements, hereditaments and appurtenances thereof and thereto; all oil and gas rights and profits, water rights and water
<br />t` -
<br />stock; all right, title and interest of Tnntor, now owned or hereafter acquired, in and to any land lying within the right -of -way of any street or
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<br />highway adjoining the real property, any and all buildings. fixtures, improvements, and appurtenances now or hereafter erected thereon or
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<br />belonging thereto, (herein referred to as "Improvennent" or "Improvements "), and any and all owords mode for the taking by eminent domain
<br />or by any proceed Tar purchose in lieu thereof, of the whole or any part at the real property.
<br />All of the foregoing estate, property and interest hereby conveyed to Trustee herein collectively referred to as the "Property ".
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<br />THIS DEED OF TROIS'T SHAM Si IME:
<br />(9) The payawrit of indebtedness evidenced by Tnistor's note of even date herewith in the principal sum of CiSh ty five thousand
<br />_Dollars (S85,. -00 ).
<br />�. together with Interest at the rate or rotes provided therein, (herein, together with any and all renewals, modifications, and extensions thereof.
<br />c
<br />referred to as the "Note ") both principal and interest an the Note being payable in accordance with the terms set forth therein, reference to
<br />which is hereby made, the final payment of principal and interest, if not sooner paid and if no renewals, modifications or extensions are made,
<br />due and poyableon February 1. 1991 and all renewals and extension thc-r of_
<br />(b) The perfor+,+ance of each oWeentent and covenant of Trustor herein contained; and
<br />(c) The payment of any sum or sums of motley with interest thereon which may be hereafter paid or advanced wader the terms of this Deed of
<br />sill :
<br />Trust.
<br />(d) The payment of any future advances necessary to protect the security or any future advance node at the option of the parties. and
<br />(e) The perforwonce of an obligation of any other person named in this Trust Deed to o beneficiary.
<br />TO PROTECT 116 SECURITY OF THIS DEED OF TRUST. TRUSTOR HEREBY OVENANTS AND AGREES AS FOLLOWS:
<br />i . e,9' • 1wi 6iserwa. Tiustof Sr4 arx "d,. wl t" wi8 tell inci i u urld imtoobas on ii+e r
<br />R.p.rnri rreMi'i t+r �w y teY i+r Fs 'fxieoieainess evidenced by the
<br />MM., w d all other charges and fees as provided in the hattw and the principal of and interest on any Future Advancers secured by this Deed e
<br />Trust.
<br />2. We wall di TOW. Trustor is lawfully seized and possessed of goad and indefeasible title and estate to the Property hereby conveyed and
<br />has the riot to ,runt and convey the Property; the Property is free o+nd clear of all liens and encumbrances except liens now of record; and
<br />Trustor wan wan, on. anti defoxi Tile title To tie rropwq against ao ciairns and demands.
<br />3. Moilakoawoe teed Cemplaaa wink Less. Trustor soolG keep the Property in good condition and repair od shall root commit waste or permit
<br />impairment or deteriorotion of the Property and shall (amply with the provisions of any lease if this Deed of trust is on o leasehold. No improve-
<br />ments now or hereollter erected upon the Property spoon be altered, removed or demolished without the prior written consent of Beneficiary
<br />Trusts shag cow* wick all laws, ordinances. regulations, caventints, conditions and restrictions affecting the Property and not commit, suffer.
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<br />or permit any act to be done in or upon the Property in violation of any law, ordinance, regulation, covenant, condition or restriction. Tr,,sror
<br />shall complete or restore promptly and in goad workmanlike manner any improvement on the Property which may be domoged or destroyed and
<br />pay, when due, all claims for lobar performed and materials furnished therefore and for any alterotions thereof.
<br />4. ieeeesraoe. Trustor, at its expense, will maintain with insurers approved by Beneficiary, insurance with respect to the Improvements and
<br />personal property, constituting the Property, ogoinst loss by fire, lightning, tornodo. and other perils and Words covered by standard extended
<br />coverage endorsement, in an amount equal to at ktast one hundred percent of the full reploc"nt value thereof and insurance ogainst such
<br />Lother hazards and in such amounts as is customarily carried by owners and operators of simulor properties or as Beneficiary may require for its
<br />s�
<br />protection. Trustor will comply with such other requirensants as Benseficiory may front time to time request for the protection by insurance of the
<br />interests of the respective parties. All insuronce policies maintained pursuont to this Deed of Trust shall now Trustor and Benef+crory as in
<br />atpp'
<br />sureds, as their respective interests may app eco, and provide that there shall be no cwKellotton or momfKotton without no less thon 15 day,
<br />tatf
<br />prior written notification to Beneficiary. In the event any policy hmeunt* is not renewed on or before. 15 days prior to its expiration dote
<br />Berteficiay may procure such insurance in accordance with taw provisions of paragraph 7 hereof Trusts shall deliver to Benef+ctort the original
<br />policies of insurance and renewals thereof or menacopes of such policies and renewals Thereof fndu,p to furn.sh such insurance by Tru +for ,,,
<br />renewals os required hweuadw stroll, of the option of BenefKrory consntutp o defoult
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