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<br />DEED OF TRUff
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<br />0 104721
<br />hat September 19 89 b Marcus 1. Snow and Pamela H,
<br />TIiIS f1EE0Of TitUST, ntngde this ,_,,,_day of y nxwd omonsg_
<br />wi isbedssatdd wife 182Q S. Arthur, Grand Island, N>r 688_01 _
<br />(heroes "Trustor"), and BANK OF WOOD RIVER , attars nttoilirg address P.O. Box 487, Wood River, NE
<br />(herein'Ttustee "and "Beneficiary"), 68883
<br />FWIIALUAKE CONSIDERATION, inrchtdirg the iidsMadness indentified herein and the trust herein craoted, the roceipt of whkh is hereby
<br />edatewledged, Truster Irrevocably grants, fro nsfors. conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and
<br />semxnrity of Beneficiary, under and subject tothe terms and conditions of this Deed of Trust, the real property described as follows:
<br />A tract of land comprising a part of the North Hal.£-of the.Nor,4east Quarter (NkNE1 /4) of
<br />Section Twenty -Five (2 ! :,, : 4hsnp Eleven (11) Nat: ib�F : ).West of the 6th P.M.,..
<br />in Hall arQ..tixt:�r L�PUZ4t��� a � 4ore. particularly- dss. 1 +� •r$ I��11�iS^id �4 yi :' - -.,t :�'''_ �� :�;
<br />4,Beginni ~z . s,it cam; .She north line of saza 'yor�i 43ac -Hikf ,�f ilia Northeast Quarter
<br />eitt sing Nine Hundred F'aft - )a; and Fvr *Y - Three Hundredths (959.43)
<br />feet, west ds ,i northeast corner of said Korth lhie -Half of the Northeast Quarter (NkNW1 /4);
<br />thent+a,s 90 degrees 00' 00" id (assumed bearing) along and upon the north lire of said North
<br />One -Ralf of the Northeast Quarter (NkNE114), a distance of Three Hundred Sixty (360.0) feet;
<br />thence S 01 degrees 00' 00" E a distance of One Thousand Two Hundred Thirty (1,230.00) feet;
<br />thence N 90 degrees 00' 00" E, parallel with the north line of said North One -Half of the
<br />Northeast Quarter (N�NE1 /4)p a distance of'Three Hundred Sixty (360.0) feett thence N 01
<br />degrees 00' 00" W, a distance of One Thousand Two Hundred Thirty (1,230.0) feet to the point
<br />of beginning
<br />TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the fool property, all looses ar subleases covering the
<br />red property or any portion thereof, now or hereafter existing or entered into, and all right, title and interest of Trustor thereunder; all in-
<br />forests, estate or other claims, both in law ord in equity, which Trustor now has or may hereafter acquire in the real property= oil sosernents,
<br />rights -of -way, tenements, hereditaments and appurtenances thereof and thereto, all oil and pas rights and prof is. water rights and water
<br />stocks oN right, title and interest of Trustor, now owned or hereafter acquired, in and to any land lying withk% the 7iit.fvf -way of any street or
<br />highway c4di nirq the real property, any and all buildings, fixtures, improvements. and appurtenances rrosr or hscesller erected 4, wvon or'
<br />belonging f6weto. (herein referred to as "improvement' or " drt;trovements "); and any and *11 awards mode for the ticlrrnp by eminent domain
<br />or by orre pti4coodinng or purchase in Boca Nreof, of the whole or terry part of the red property,..
<br />AN of OM foregoing estate, property and interest .tern y vr"yed to Trustee herein colI#c ='fly referred to as the "Property ".
<br />THIS DEED OF TRUST SHALL SECURES
<br />(o) The payment of indebtedness eYrdwod by Trustor's note of even dote herewith in the principal sum of One hundred
<br />seventy -five thousand rafts:$ no/ 100 -------------------------- Dollars (S 175.000._00___
<br />together with interest at the rote arzmPas provided therein, (herein, together with any and vhf !vmwols, modifications, anid extensions thereof,
<br />referred to as the "Nat:e'p both principal and interest on the Note being payable in occorddnnce with the terms set forth therein, reference to
<br />which is hereby made; flirt £"anal pih'► "t of principal and interest, if not sooner paid and if no rernewals, modifications or extensian>. we made,
<br />due and pks,l," on APRIL T,, ,990 and all renewals and ext<en�ng .tf arnnf
<br />(b) Th* gM(ormance of each ogre"- wi and covenant of Trustor herein contained, and
<br />(c) T1te payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced kinder the terms of this Deed of
<br />Trust.
<br />(d) the payment of any future advances necessary to protect the security or any future advance made at the option -of atnb parties, and
<br />(o) The performance of on obligation of any other. person named In this trust Deed to o beneficiary.
<br />TO PROTECT THE SECURITY OF THiS DEED OF TRUST, TRUSTOR HEREBY COVENANIS AND AGREES AS FOLLOWSi
<br />1. teyeeertt et �rfrrei�el eed Mhred. Trustor sholl•prompily pay when due the principal of and interest on the indebtedness evidenced by the
<br />Note, and on other charges and fees as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed of
<br />Trust.
<br />2. Wafromy of Thle. Trustor is lawfully seized and possessed of good and indofeosible title and estate to the Property hereby conveyed and
<br />Ives the right to grant and convey the Property; Tire Property is free and cidor of all liens and encumbrances except liens now of record; and
<br />Trustor will warrant and defend the title to the Property against roll claims and donands.
<br />3. I labdo uexe eed Camplime with Laws. Trustor shall keep tine Property in good condition and repair and shall not commit waste or permit
<br />itrrpoirrrtortt or deterioration of the Property and shalt comply with the provisions of any lease if this Deed of Trust is on a leasehold. No improve.
<br />ment now or hereafter erected ,;suer, the Property shall be altered, removed or demolished without the prior written consent of Beneficiary.
<br />Truster shots comply with oil laws, rr,4mmes, regulations, covenants, conditions and restrictions of fecting the Property and not commit, suffer,
<br />or permil any act to'liie rd9m in cw woo n the Property in violation of any tow, ordinance, regulation, covenant, condition or restriction. Trustcw
<br />sM ceerplefe or restore promptllt and in good wakmonrlike nnontnr any improvement MOM Properly which may be darnoped or destroyed and
<br />parr, whw4we, oN ttoims for lobergo4ormed and materials furnished therefore and for anT stltero /ions thereof.
<br />4. Iraetrtma. Trustor, at its eirpsvte, will maintain with inwors approved by Bertefidasy, insurance with respoCC W The improvements Orr6
<br />personal `ntoperty, constituting the Property, against loss by fire. lightning, tornado, rind olher perils and hazards covered by slondord extended
<br />ceverope andoitomeett, in on an,nr,,ntt equal to of least one twndred percent of the full replacement value thereof and insurance against such
<br />L other hoards and in such omourss' a -a is cuttoma►ily carried by,uwvars and operators of simulor properties or as Beneficiory may require for its
<br />protection. Trustor will comply with %vtWather requirements 69 Beneficiary may from lime to this request for the protection by insurance al the
<br />interests of ifte respective parties. All insurance polities maintained pursuant fa this Deed of Must strati name Trustor cnd Deneliciuli as i"-
<br />sweds, us their respective interestf rnwy oppeor, and provide that there shall be rio cancellatiois or modification without no less than 15 days
<br />prior written notification to Be+ieltuKRy, to the event arty panty hereur.,ler is not rene>Yed On or before 15 Buys priur to its e.pinatian dare,
<br />ilenefidwy may procure such intsulimA N acturdunce with itter provisions of po /t;yrr ph 1 hcreol. Trustor shall deliver to flCnelioury lite aj fgmul
<br />policies of imuf(oxe and rene*o1sMOW or memo copies of such polities and renewals thereof. Fuiture to furnish such itIsuiance by t� ustor. t<►
<br />1or1ew211 os requ rtd fitreull'Ar sh jlt, up file ap11711 of Bentelitiof V. constitute 0 default,
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