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<br /> 99 10681�
<br /> DEED OF TRUST WITH FUTURE ADVANCES
<br /> This DEED OF TRUST is made this 28th day of June, 1999, by and among DOUGLAS L. ROTH and
<br /> TRACEY L. ROTH, husband and wife, hereinafter refened to as "Trustors," whether one or more, whose
<br /> mailing address is 3421 North 130th Road, Cairo, Nebraska 68824; THE STATE BANK OF CAIRO, a
<br /> Nebraska Banking Corporation, hereinafter referred to as "Trustee," whose mailing address is Box 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 Box 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 /> A tract of land in the Southwest Quarter (SW 1/4) of Section Thirty-two (32), Township Twelve
<br /> Twelve (12) North, Range 11 West of the 6th P.M., Hall County, Nebraska, being more
<br /> particularly described as follows: Beginning at the Northwest corner of said SW 1/4 thence
<br /> running S 89° 17' S9" E for 830.00 feet on the North line of said SW 1/4; thence running S 00° 17'
<br /> 59" E for 360.00 feet; thence running S 59° 20' S9° W for 488.17 feet; thence running S 00° 00'
<br /> 00" E for 800.00 feet; thence running N 89° 17' S9" W for 410.00 feet to a point on the West line
<br /> of said SW 1/4; thence running N 00° 00' 00" W for 1414.00 feet on the West line of said SW 1/4
<br /> to the POINT OF BEGINNING, said tract containing 18.003 acres more or less, the Westerly
<br /> 33.00 feet thereof being County road right-of-way,
<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 /> $90,400.00, 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
<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 property 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
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