|
�^ _• �.
<br /> . t • �rr t� f �
<br /> C� C � C1 � •
<br /> � N ; x �
<br /> . � � �� � C A �
<br /> � � � -�-{ m � �
<br /> . m � '{ � � �.
<br /> ... � c� E.... o -*'�
<br /> Cl+ o ao "*� � +-!'' c�i�
<br /> � '� � m o �
<br /> � N
<br /> rn � r � � �
<br /> � rn � r v
<br /> � � � �
<br /> rv �, c.a �
<br /> �� �
<br /> .,, C�Q� �.^�� DBED OF TRUST ""� � � O
<br /> v V L�
<br /> THIS DE�D OF TRUST is made as of the �� day of A�ril, 1999, by and among c�
<br /> M & B FARMS, a partnershi.p ("TRUSTnR"), w�iether one or more, whoae mailing v �
<br /> addr.eas is: 4218 S. 190th Road, 9helton, Npbraska 68876; •r
<br /> . �
<br /> and ARTHUR C. MAYER, Attorney, ("TRUSTEE"), whose mailing address is: Mayer, �
<br /> Burns & Ahlschwede, P.O. Box 2300, Grand Island, NE 68802;
<br /> and REVA HEADLEY, ("BENEFICIARY"), whose mailing addreas is: 5262 South Bluff
<br /> Road, Shelton, Nebraska 68876.
<br /> FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and
<br /> assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security
<br /> of Beneficiary, under and aubject to the terms and conditions of this Deed of
<br /> Trust, the real property located in the County of Hall, State of Nebraska, and
<br /> legally described as follows: (the "Property") :
<br /> The South Half of the Southwest Quarter (S�SW�) of Section Five (5),
<br /> Township Ten (10) North, Range Twelve (12) West of the 6th P.M. , Hall
<br /> County, Nebraska,
<br /> TOGETHER WITH all renta, easements, appurtenances, hereditaments, interests in
<br /> adjoining roads, streets and alleys, improvements and buildings of any kind situated
<br /> thereon and all personal property that may be or hereafter become an integral part
<br /> of such buildings and improvements.
<br /> The property and the entire estate and intereat conveyed to the Truatee are
<br /> referred to collectively aa the "Trust Eatate".
<br /> FOR THF; PURPOSE OF SEc:URIhu:
<br /> a. Payment of indebtedness in the total principal amount of $100,000, with
<br /> interest thereon, as evidenced by that certain Promissory Note of even date (the
<br /> "Note") with a maturity date of April 15, 2009, executed by Trustor, which has been
<br /> delivered and is payable to the order of Beneficiary, and which by this reference is
<br /> hereby made a part hereof, and any and all modifications, extensions and renewals
<br /> thereof, and,
<br /> b. Payment of all suma advanced by Beneficiary to protect the Truat Estate,
<br /> with interest thereon at the rate of fourteen (14$) percent per annum.
<br /> This Deed of Trust, the Note, and any other instrument given to evidence or
<br /> further secure the payment and performance of any obligation secured hereby are
<br /> referred to collectively as the "Loan Instruments".
<br /> TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br /> 1. PAYMENT OF INDEBTEDNESS. Trustor ahall pay when due the principal of, and
<br /> the interest on, the indebtedness evidenced by the Note, charges, fees and all other
<br /> sums as provided in the Loan Instrumenta.
<br /> 2. REAL ESTATE TAXES. Trustor shall pay the real eatate taxes and any apecial
<br /> assessments levied against the property directly to the County Treasurer or City
<br /> Treasurer as the case may be, before the same become delinquent. Trustor ahall
<br /> provide Beneficiary with a copy of the treasurer's receipt showing payment of all
<br /> real estate taxGe w��.:hin cer, (1�j 3ar o �fter t:�e ��xes l:are b'een paid.
<br /> 3. INSURANCE AND REPAIRS. Trustor shall pay the annual premium cost for fire
<br /> and extended coverage insurance, insuring the buildings constituting the trust
<br /> eatate, for an amount no less�than the replacement value of the buildings and shall
<br /> provide Trustor with evidence of insurance premium payments each year. Such
<br /> insurance policy shall contain a standard mortgage clause in favor of Beneficiary and
<br /> ehall not be cancelable, terminable, or modifiable without ten (10) days prior
<br /> written notice to Beneficiary. Trustor shall promptly repair, maintain and replace
<br /> the Trust Estate or any part thereof so that, except for ordinary wear and tear, the
<br /> Trust Estate shall not deteriorate. In no event ahall the Trustor commit waste on
<br /> or to the Trust Eatate.
<br /> In addition to casualty insurance, Trustor ahall pay the annual premium on
<br /> compreheneive liability ineurance cov�ring the premisea and protecting the
<br /> Beneficiary and Trustor from all claims, demands, lawsuits, and judgments arising out
<br />�
<br />
|