|
�, , . . . $ . .. , �.
<br /> V �, m N.T._, „ _,.
<br /> C � " ,
<br /> � = D Z � CD c� cn �
<br /> (� � � v � z -D-� C� C.
<br /> � � � � rn �
<br /> � � { � � � y
<br /> N O -T�
<br /> n\ 'C;� n, � Z'J') -r� Z f--+ C�l�
<br /> � � 4 � '-''
<br /> C, ° �-rJ n�- w o c�
<br /> �
<br /> � o � rr— n -� �
<br /> �c � � � �. 07 '-�i-
<br /> � �� � �v � �
<br /> � C!� ..�
<br /> � N
<br /> �^ . DEED OF T�UST V�ITH FI.��I,�� �D� ��S„
<br /> " � . . � . . , . :. � 3
<br /> U r. a . ,.AS;q. �* . � _ :.� .'��^,+g. .'�-..��,��
<br /> . . .. . - �.. . . . �... ,. _.
<br /> � This DEED OF TRUST is made this 3rd day of May,^1999, by and among NORMAN L. BENTLEY �
<br /> q and DIANA L. BENTLEY, husband and wife, hereinafter referred to as "Trustors," whether one or more,
<br /> � whose mailing address is Post Oftice Box 458, Cairo, Nebraska 68824; THE STATE BANK OF CAIRO, a
<br /> � Nebraska Banking Corporation, hereinafter referred to as "Trustee," whose mailing address is Boz 428,
<br /> Cairo, Nebraska 68824; and THE STATE BANK OF CAIRO, a Nebraska Banking Corporation,
<br /> hereinafter referred to as "Beneficiary," whose mailing address is Boz 428, Cairo, Nebraska 68824.
<br /> For valuable consideration, Trustors irrevocably grant, transfer, convey and assign to Trustee, in trust,
<br /> with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of
<br /> this Deed of Trust, the following described real property located in HALL County, Nebraska:
<br /> Lots One (1) and the Northerly Forty (N 40) feet of Lot Two (2), Block Two (2), Fifth Addition to the
<br /> town of Cairo, Hall County, Nebraska;
<br /> together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br /> appurtenances located thereon, and all personal property that may be or hereafter become an integral part of such
<br /> buildings and improvements, all crops raised thereon, and all water rights, all of which, including replacements
<br /> and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed
<br /> that all of the foregoing shall be hereinafter referred to as the "Property.° �
<br /> FOR THE PURPOSE OF SECURING:
<br /> a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of
<br /> $30,000.00, together with interest at the rate or rates provided therein, and any and all renewals, modifications
<br /> and extensions of such note, both principal and interest on the note being payable in accordance with the terms i
<br /> set forth therein, which by this reference is hereby made a part hereof; and any and all future advances and ;
<br /> readvances to Trustors hereunder pursuant to one ore more promissory notes or credit agreements (herein called
<br /> "Note"); �
<br /> b. the payment of other sums advanced by Beneficiary to protect the security of the Note;
<br /> c. the performance of all covenants and agreements of Trustor set forth herein; and
<br /> d. all present and future indebtedness and obligations of Trustors to Beneficiary whether direct, indirect,
<br /> absolute or contingent and whether arising by note, guaranty, overdraft or otherwise;
<br /> TO PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTORS HEREBY COVENANT AND AGREE:
<br /> 1. To pay when due, the principal of, and the interest on, the indebtedness evidenced by the note, charges, fees and all other
<br /> sums as provided in the loan instruments.
<br /> 2. Trustors are the owners of the properly and have the right and authority to execute this Deed of Trust in respect to the
<br /> property.
<br /> 3. To pay, when due, all taxes, special assessments and all other charges against the property, before the same become
<br /> delinquent. Trustors shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed of
<br /> Trust or the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof
<br /> upon the Beneficiary.
<br /> 4. To keep the improvements now or hereafter located on the property insured against damage by fire and such other hazards as
<br /> the Beneficiary may require,in amounts and companies acceptable to the Beneficiary, Such insurance policy shall contain a standard
<br /> mortgage clause in favor of Beneficiary. Trustor shall promptly repair, maintain and replace the property or any part thereof, so
<br /> that,except for ordinary wear and tear,the property shall not deteriorate.
<br /> 5. In the event the property, or any part thereof, shall be taken by eminent domain, the Beneficiary is entitled to collect and
<br /> receive all compensation which may be paid for any property taken or for damages to property not taken, and the Beneficiary shall
<br /> apply such compensation, at its option, either to a reduction of the indebtedness secured hereby, or to repair and restore the property
<br /> so taken.
<br /> 6. The Beneficiary may, but shall have no obligation to, do any act which Trustors have agreed but failed to do, and the
<br /> Beneficiary may also do any act it deems necessary to protect the lien hereof. Trustors agree to repay, upon demand, any sums so
<br /> expended by the Beneficiary for the above purposes, and any sum so expended shall be added to the indebtedness secured hereby and
<br /> become secured by the lien hereof. The Beneficiary shall no incur any liability because of anything it may do or omit to do
<br /> hereunder.
<br /> 7. The Beneficiary shall have the right, power and authority during the continuance of this Deed of Trust to collect the rents,
<br /> issues and profits of the property and of any personal property located thereon with or without taking possession of the property
<br />
|