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<br /> �� .� �_�..� DEE1D OF'g'ItiJST WI'!'gI F'U'�'�JR]E AD�AIVC�S -"'�
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<br /> 2 � ` This DEID OF TRUST is made this Z8tb day of 3eptember, 1998, by and among RICHARD L. ° ` `..`t:
<br />'F f '.,l•t`�.. .: !.. . , . . '..
<br /> ,- �. `,' .s,- DA1�IIEI.S and SHEfl.A �t. DAPTIEES, busband and wife, heremafter referred w as"Trr�stors," whether �:�,:.s- �
<br /> ```���`��� ` Nebraslca 68�?A;T7�S'�'ATE SAl�i�[ `:.'�
<br /> . S� �t
<br /> ,�'',� • - one or more,whose ma�ing address is 611 Sonth Ales�nclria, Cairo, .
<br /> �z., ��`� .� �` QI�'C�t�;a Nebraska Bs3niting Curporation,hereiaafter referre�to as"Trustee,�• whose ma�ing address r: ,
<br /> }:� -. � "'`_� is Boa 4Z8, Cairo, Nebrast�a 6�824; and THE STATE BANK OF CAIRO, a Nebrms� Hantdng . �""
<br /> "_ �f,` ,i• ' _ -,'( �' ��.,..
<br /> �� _. . -� Corporatian, hereinafter referred to as "Beneficiary," whose mailing address is Boi 4?.�, Ca�% Nebraska -- -L
<br /> •.�-r:`, a, QOOl.�. _ _-¢. � ,t;-.�.
<br /> ` • ` � transfer cunv and � to Tn�ste� ia tiust, L
<br /> °=�:'-:: � ` - -- For vabuable consideration, Tcustors irrevacab1y gant, , eY �� `'•�.:`°.:
<br /> .. ,;;; � �: �c - -. ��, with power of sal�for the benefrt and security of Beneficiary, under and subject to the tem�s aud coastitioas of :,�`-:,_�;�_
<br />'�°- ` ` `. - tocated in BALL Nehraska: _ .,``�
<br /> �=�� this Deed of Tn�st,tbe following descnbed real groperty ��Y -
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<br /> G % Lots 1,Z,3,4, 11,and 12,in Btuck 2,Robinson Addition to the Wi age of Cairo,HaU CoumY,Nebsaska � `
<br /> r�4.` , ' :� and that part of vacated alley and Ne6raska Sueet as shown in Ordinance No. 214 fited as Doauneart No. ' �6 ..
<br />, ��`� . . : � 91-1a8540; �'�=
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<br /> . tagether witb all bu�dimgs,improdements,fixttu�es,streets,a11eYs+Passage�'uaYs,easemeuts,rights.Pmri�eges attd :'�'�
<br /> -�����.' � appurtenances tocated thereon,and all personal property that may be or hereafter become an urtegral part of such � •,;,:
<br /> `( `, :. ,. . " ,`�.:;:�
<br /> t�'� bu�din and impravemems, aU crops raised thereon, and all water rights, all of whicb, including replacements . .'
<br />` °_.�';.y. ... -ir , , _:
<br /> :;;�. • . ,� � �.� and additions thereto,a�e hereby declared to be a part of the real estate comreyed in trust hereby,it being agreed '�_;.�.-r.'.-�.:.._
<br /> � f; �. that aU of the foregoing shal!be hereinaRer referred to as th$"Property-" 4
<br /> �:•��;. .
<br /> ,,�-�.'� . . , - ..L � .
<br /> ,>3�°�:-�; . � . . _ �OR THE PiJRPOSE OF 3ECURING: . -
<br /> ,..., .
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<br /> 7 � � � a. Payn�em of indebtedness evidenced by Tnutors' note of even date herewitb in the grincipa! sum of
<br /> �. �. : ',� $64,7UOAQ together with interest at the rate or razes provided therein, and any and alt renewats, raodifccations ' .
<br /> and extensions of such note, both princip a l an d inter e s t on c he no te b e i n g p a y a b l e in a c c ordance witt►the terms _ ,,, :. _
<br /> :��'��`�. .' � - reference is hereb made a part hereof; and azry$nd all future advances and
<br /> ... s e t f o rt h t h P r e i n, w h i c h b y t h i s Y : ;_,:.,.`..
<br /> •� .�;;,:i�'�. readvances to Trustors hereunder pursuant to one ore more pramissory notes or credit ageements(h erein c a l t e d ., .. .
<br /> �.:-,-;�`; �. , , . . "Note"); �� �
<br /> `��'��: •��r� ` • � b. the payment of other sums advauced by Beneficiazy to protect the security of the Note; ��-��j °`. .
<br /> = � � � � c. the perforrnance of all covenants and agreements of Tn,stor set forth herein;and .,� � ,
<br /> ;��:�::.;: : ,• . .. ` .
<br /> -`=���� •- d. all present and future indebtedness and obiigatioqs of Tnutors to Beneficiary whether d'uect. indirect,
<br /> �`�}�.''``�: ' � � � ahsolute or conUr�gent and whether arising by note,guaranty,overdraR or otherwise; . �
<br /> ;:- • .
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<br /> ` �; • �. � TO PROTEC7'7'HE SECIIRITY OF THIS DEED OF'f'RUST.TRUSTORS HEREBY COVENANT AND AGREE:
<br /> ,�;� ••.`.. . •
<br /> :.�.• ;.:;. �. ' . 1 To pa} ��hen due. the pnncipal of.and the�ntcres�on. the mdebtedness c��dcnced by thc note.ch.uges. fees and all othcr
<br /> e:. � . sums as prrnlded�n the laan mstruments. • •
<br /> `"' � ' 2 Trustors are die o�ners of the property and havc the cighi and authonty to excxvtt this Decd of Trust in respect to the
<br /> �.' ;�..� properiy'. . . ...
<br /> �.t'.°"•�-� � 3 To Qay. trhen due. all t�xes. special assessments and all oiher charges aga�nst the property. before the same become
<br /> . � ' � dehnqucnt Trustors shall pa��a11 tares and assessments nhich may be levied upon Bcn�ciary's mterest hemin or apon 11us Dced of .
<br /> '{`�.'��:;..'., t,i Tnist or the dcbt secural hereby. �ruhout regard to am law that may be enacted�mposing payment of the whole or an�part thcreof � .
<br /> "� ' '• . • � upon�he Bcnefician
<br /> ��� �+'� .t To kap the imprmemcnts no«or hereaftcr located on the propcm �nsun•d agamsc damage by�fire.�nd such other hazards as
<br /> :�,. i� � • the Benefician m�'n reqwre. �n amounts and eompaiues accePtabte to the Henefic�an.Sueh�nsurai:ec poltcy slu�l�contain a standard
<br /> :�°:';..' ' . . � morteaee clause in Fa�or of Benefic�an Trustor shall prompth� rep���r. mamtain and replace the propeit}� or am�part Q�reof. so
<br /> =��;...=:-- - ' � th:i1.except for ordsnan ti�ear aad t�r.the propem shall not detcnorate � _
<br /> •�x��.. .� G tn th;c�ent the propem. or am p�rt thereof. shall be talcen In emm_nt domain. the Benefic�ary• �s enntted to coltect artd �
<br /> '��':1, ,.`. • , rece��e all compe�tisatwn uh�ch cna�be�ud for an} propem�taken or for damages to propem no�taken. and Ihe Beneficiary shall ��� .
<br /> i': '� :�ppl� cuch compens.-►non. at us option. enher to a reductton of Ihc�ndebtedness s�.'cured hereb}.or to repa�r and restore the property i � °:
<br /> :' '�'� . wt:tken �
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<br /> �' � 6 Tlie Hc�icfia..+n nta> but sh.�ll h.��� iio obli�tron ro do am act nh�ch Tn�ctors ha�c agrecd but failed to do. and ihe r
<br /> •� �• � . �� n..«..G.•.•... m�n ilcn dn:rnt :u:► u dc�c:�m nrc�ss:�n co protect the Iten hemo( Tn�to�s agree to repati'.upon derriand 1t1}� S11IDS SO ! _
<br /> '' � � � ��p;.ndcd b�th�Bcmh��.in for thc aho�c purposes. .�nd an� ium io c�pende�shall be added to the mdcbteaness secureci nercoti a�tu —
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