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THIS DEED OF TRUST is made on January ~
<br />E. Harder and Mary M. Ivers- Harder, husband and ,2004. The Trustors are Ronnie
<br />is Denise D. Myers, of Lauritsen, Brownell, Brostrom,, w
<br />Stehlik, Myers &TDaugherty,
<br />724 W. Koenig Street, Grand Island, Nebraska 68801, ( "Trustee ") . The beneficiary
<br />is Donald O. Stokes, 57030 325th Road, Ravenna, NE 68869, ( "Lender "). Borrower
<br />owes Lender the principal sum of Forty Thousand and 00 /100 Dollars ($40,000.00).
<br />This debt is evidenced by Borrower's note dated the same date as this Security
<br />Instrument ( "Note ") , which provides for monthly payments. The Deed of Trust
<br />(sometimes referred to herein as "security instrument ") secures to Lender: (a)
<br />the repayment of the debt evidenced by the Note, with interest, and all renewals,
<br />extensions and modifications; (b) the payment of all other sums, with interest,
<br />advanced to protect the security of this Security Instrument; and (c) the
<br />performance of Borrower's covenants and agreements. For this purpose, Borrower
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the
<br />property legally described as:
<br />Lots Nine (9), Ten (10) , Eleven (11) , and Twelve (12), in Block Ten
<br />(10), in the Original Town of Cairo, Hall County, Nebraska, and a
<br />rectangular piece of land being more particularly described as
<br />follows: Beginning at the Southeast corner of Lot Twelve (12), Block
<br />Ten (10) , in the Original Town of Cairo, Hall County, Nebraska,
<br />thence running South Three (3) feet; thence West parallel to the
<br />South line of said Lot Twelve (12), a distance of 140 feet; thence
<br />North Three (3) feet; thence east along the South line of said Lot
<br />Twelve (12) a distance of 140 feet to the point of beginning;
<br />TOGETHER WITH all the improvements now erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights
<br />and profits, water rights and stock and all fixtures now or hereafter a part of
<br />the property. All of the foregoing is referred to in this Security Instrument
<br />as the "Property ".
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby
<br />conveyed and has the right to grant and convey the Property. Borrower warrants
<br />and will defend generally the title to the Property against all claims and
<br />demands, subject to any encumbrances of record. Borrower notifies Lender that
<br />there is a Deed of Trust on file wherein the State Bank of Cairo has a first lien
<br />upon said property. Lender, by the filing of this Deed of Trust will have a
<br />second lien upon said property.
<br />COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges.
<br />Borrower shall promptly pay when due the principal of and interest on the debt
<br />evidenced by the Note and any prepayment and late charges due under the Note.
<br />Prepayment of principal and interest, or any part thereof, shall be allowed
<br />without penalty.
<br />2. Charges; Liens. Borrower shall pay all real estate taxes and
<br />assessments attributable to the Property which may attain priority over this
<br />Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall promptly discharge any lien which comes into effect after
<br />the signing of this document and which has priority over this Security Instrument
<br />unless: (a) Borrower agrees in writing to the payment of the obligation secured
<br />by the lien in a manner acceptable to Lender; (b) contests in good faith the lien
<br />by, or defends against enforcement of the lien in, legal proceedings which in the
<br />Lender's opinion operate to prevent the enforcement of the lien or forfeiture of
<br />any part of the Property; (c) secures from the holder of the lien an agreement
<br />satisfactory to Lender subordinating the lien to this Security Instrument; or (d)
<br />secures from Lender an agreement subordinating the lien to the new debt
<br />obligation of Borrower.
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<br />TRUST DEED
<br />THIS DEED OF TRUST is made on January ~
<br />E. Harder and Mary M. Ivers- Harder, husband and ,2004. The Trustors are Ronnie
<br />is Denise D. Myers, of Lauritsen, Brownell, Brostrom,, w
<br />Stehlik, Myers &TDaugherty,
<br />724 W. Koenig Street, Grand Island, Nebraska 68801, ( "Trustee ") . The beneficiary
<br />is Donald O. Stokes, 57030 325th Road, Ravenna, NE 68869, ( "Lender "). Borrower
<br />owes Lender the principal sum of Forty Thousand and 00 /100 Dollars ($40,000.00).
<br />This debt is evidenced by Borrower's note dated the same date as this Security
<br />Instrument ( "Note ") , which provides for monthly payments. The Deed of Trust
<br />(sometimes referred to herein as "security instrument ") secures to Lender: (a)
<br />the repayment of the debt evidenced by the Note, with interest, and all renewals,
<br />extensions and modifications; (b) the payment of all other sums, with interest,
<br />advanced to protect the security of this Security Instrument; and (c) the
<br />performance of Borrower's covenants and agreements. For this purpose, Borrower
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the
<br />property legally described as:
<br />Lots Nine (9), Ten (10) , Eleven (11) , and Twelve (12), in Block Ten
<br />(10), in the Original Town of Cairo, Hall County, Nebraska, and a
<br />rectangular piece of land being more particularly described as
<br />follows: Beginning at the Southeast corner of Lot Twelve (12), Block
<br />Ten (10) , in the Original Town of Cairo, Hall County, Nebraska,
<br />thence running South Three (3) feet; thence West parallel to the
<br />South line of said Lot Twelve (12), a distance of 140 feet; thence
<br />North Three (3) feet; thence east along the South line of said Lot
<br />Twelve (12) a distance of 140 feet to the point of beginning;
<br />TOGETHER WITH all the improvements now erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights
<br />and profits, water rights and stock and all fixtures now or hereafter a part of
<br />the property. All of the foregoing is referred to in this Security Instrument
<br />as the "Property ".
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby
<br />conveyed and has the right to grant and convey the Property. Borrower warrants
<br />and will defend generally the title to the Property against all claims and
<br />demands, subject to any encumbrances of record. Borrower notifies Lender that
<br />there is a Deed of Trust on file wherein the State Bank of Cairo has a first lien
<br />upon said property. Lender, by the filing of this Deed of Trust will have a
<br />second lien upon said property.
<br />COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges.
<br />Borrower shall promptly pay when due the principal of and interest on the debt
<br />evidenced by the Note and any prepayment and late charges due under the Note.
<br />Prepayment of principal and interest, or any part thereof, shall be allowed
<br />without penalty.
<br />2. Charges; Liens. Borrower shall pay all real estate taxes and
<br />assessments attributable to the Property which may attain priority over this
<br />Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall promptly discharge any lien which comes into effect after
<br />the signing of this document and which has priority over this Security Instrument
<br />unless: (a) Borrower agrees in writing to the payment of the obligation secured
<br />by the lien in a manner acceptable to Lender; (b) contests in good faith the lien
<br />by, or defends against enforcement of the lien in, legal proceedings which in the
<br />Lender's opinion operate to prevent the enforcement of the lien or forfeiture of
<br />any part of the Property; (c) secures from the holder of the lien an agreement
<br />satisfactory to Lender subordinating the lien to this Security Instrument; or (d)
<br />secures from Lender an agreement subordinating the lien to the new debt
<br />obligation of Borrower.
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