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<br /> DEm OF TRiIST �+�=- 10 6�81
<br /> r 21 November F:9
<br /> f This AEED OF TR[JST ia made thia cla�y of , 19�--.�.. b�► �ci AmonB
<br /> Kenneth R. Simons and Janet G. Simons, husband and wife , herei.n
<br /> referred to aa "15ruatora." t�hether cne or �nare. whose mailing address
<br /> i� P.O. Box 15, Calros Nebraska 68824 ; ��pTE �K pF .
<br /> C�, a � ��ki�ut Corparatian, hereinafter referred ta as "Zyrustee," c�rt�ose mailing
<br /> address is Box 428, Caira NE 68824: and '1HE SI'ATis' �IANC OF CAIRO, a � Bank3nAt
<br /> Corunratioa, hereinafter referred to as "Beneficiary," whase mailing addreas is Box �28,
<br /> Cairo, NE 68824.
<br /> For valusble conaideration, Trustors irrevocably grant, transfer� convey atld assign ta
<br /> Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under
<br /> � and sub�ject to the terais and cox�ditions of this Deed of Trust, the followin� described real
<br /> property located in �all Lounty, Nebraslta:
<br /> LO►I' NIIVE (9) AND 'I]� SOUZ�iFRI,Y 'IWF�]TY EIGHT FE�,�' (28' ) OF IA'P TF:[V, (10) ALL IN
<br /> � BLO(,�{ ZiV�O (2) OF �iE FIFPH (5'IH) ADDITION TO �IE 'I4� VILLAGE OF CAIRO, HALL
<br /> OOUN'PY, I�7�.SKA
<br /> together with all bualdings, impravements, fixtures, streets, alleys, passagew�ys,
<br /> easements, rights, privileges and appurtenances located thereon, and all personal property . "
<br /> that msy be or hereafter becane an integral part of such buildings and i.mprovements, all � �
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<br />• crops raised thereon, and al]. water rights, all of whxch, including replacements and � �
<br /> additions thereto, are hereby declared to be a psrt of the real estate conveyed in trust '��
<br /> hereby, it being agreed that all of the foregoing shall be hereina�ter referred to as the,, , �°='`'�
<br /> -- - ..�,j,o��y�s
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<br /> PClli � P!]RPil6T OF SFIG�lRII�1G:
<br /> a. Payment of indebtedness evidenced by 'I�ustors' note of even date herewith in the � �
<br /> principal sum of : 13,500.00 , together with interest at the rate or rates provided '
<br /> therein, and aqy and all ren�ls, modifications and extensions of such note, both -
<br /> . principal $nd interest on the note bei�g payable in accordance with the terms set forth �
<br /> ' therein, which by this refererice is hereby made a part hereof; �
<br /> b. The perfoi�n�nce o� each agreement and covenant of Trustors herein conta.ined; and
<br /> c. The payment af all st�s advanced by Beneficiary under the terms of this Deed of
<br /> Z�ust, together with interest thereon at the rmte provided in the note. �
<br /> 'In P�0►t'F�CP THE SBL�JRITY OF �IIS DFF� OF �JST, �ISI�ZS l�l�FBY OOiVHdANP ANID A�: _�•�-.
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<br /> 1. To pay�-5c�due, the princiFal of, a�! �?�e interest on, the indebte��esa evideeced bq the note, chargea, feea and all other au�s as pravided
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<br /> � in tAe loan iastrutenta. .
<br /> � 2. 9'ruatara are tAe oknera of the prapertq and have the*ig�t and aut�aritp to erecute thia Deed of Ttust in respert to the praperty, � �
<br /> 3. 9'o pay� rEen due, ell tacea, apeciel acsess�ents and eil other charges against the property, before the eave beca�e delinquent. Ttustors �
<br /> shall pay al] ta�ce�end nsaess�enta w6ich ay be levied upan Beneficiaty's in�erest herein or upan t6is Ceed of 9�ust or the debt secured hereby,
<br /> without regud tcr azy law thit�a� be enacted upaaing p�ent of t�e�hJie cr any part tAereof upan the 8eneficinrp.
<br /> �. Tn teep tde i�prave�ents now or hereafter located an the propert; Fn��red againet dagage 6p fire and such other haserds es t�e 8eneficiarp
<br /> uy require, in a�ounts and ca�Ftaies acceptable to Ehe Beneficisry, Such insurance policy shall contain a staadard �ortgage clause in favor of
<br /> ' � Bene�iciary. 9Yustor shall prcai�ly repair, taintain and re;.�.ee the praperty ar anp part thereaf, so tt�t, except for ordieary wear and tear, the
<br /> � propertJ sball not deteriorate.
<br /> � 5. In the event tEe property, or any part thereof. shall be taten by e�inent dc9ain, the Beneficiary is entitled ta callect and receive all
<br /> coipensntion�hicE eay be paid for anp prapertp taken or for daiages to propertp not taken, and the Beeeficiarp shali apply such co�peneation, at ite
<br /> , optian� either tfl n reduction af the indebtedness secured hereby, ar ta repnir and reatare tAe property sa taken,
<br /> i. The &neficiary uy, but shall hnve ao abligdtian t�, do anp nct �hich Ttuators hsve ngreed but failed to do, and the Beneficinr� vay also da ;-_ _T.--
<br /> any act it dea� necessnty to pratect t�e lien hereof. Prustars ngree to repay� upon deiand, any suas so eipended by the Beneficiarp far the above �
<br /> purpases, ar,d nny eu� so expended sdall be added te the indebtednesa secured hereby nnd 6ecae secured by tt�e lien hereof, Yhe BeneFiciery st�all no �
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<br /> incur any litbilit� oecause of anpthing it�ay do or oeit to do hereunder, ; �
<br /> T. sbe Beeeficiar� shnll have the rigst, poi+er nnd nuthorit� d�riag t6e continuance of tt,is Deed of i'tust to collect the rents, isaues and .
<br /> ptofits of the �roperty and of �y persanal property locat2d therean vitA ar vithaut taking poaseasicn of tbe propertq affected hereby, and Stustors
<br /> F�erebq at3�;uxiy and unconditioeaily a�sige alI such renta, issues and prefits to the beneficinry. e"he beneficiary, F��ever, Aereby coneer,ts ta
<br /> � � iruetors' collection ar.d tetention of eucn rents, issues and ptofits. so ]ong es irustors are �ut, et such t�ne, in �efa�lt r+ith respect to Fayaenc of
<br /> anp tnveDtedsess secured hereby, or in the perfarnance of any agreeaent nareun�er, If ar.y e+et.t of C�fauit 9eszr���� �erNeiter in respect to this
<br /> Geed of irust shalt hz�re occurre� ar.d te ccntinuir,g, the?enefietarp, as a s3tter ^: r�ght 9r.�vi.hcut r.o�:-e �: .r,,stor :r anycr.F c!3�air�b �ar,der ��
<br /> ILUSCGfS� QI}'1 Lil:haut reger� to t"2 vnlue Of ?ff T�U6C °�tArP OP CO° !f'.�t°.SI Of �h4 I�USL��S L�IPfelf.. Shil� �:3YP �S° P:6r�C t; 9}��j '9 3G} f�:..''.
<br />_ f3V1"a J9[�S71C�19.". to bypu�r.'. 3 tPCC'1Ye� OF '.hP �fOF?i'Y. i �
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