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<br /> RECORDATION REQUESTED BY:
<br /> HASTINGS STATE BANK v � 10 7 9 5 ��
<br /> 530 NORTH BURLINGTON
<br /> P.O.BOX 2178
<br /> HASTINGS,NE 68902-2178
<br /> WHEN RECORDED MAIL TO:
<br /> HASTINGS STATE BANK � ��
<br /> 530 NORTH BURLINGTON J'"'
<br /> P.O.BOX 2178 C-]
<br /> HASTINGS,NE 68902-2178 �
<br /> SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST IS DATED JULY 26, 1999, among MICHAEL SCOTT JONES and CHERYL A JONES,
<br /> HUSBAND AND WIFE, whose address is 7530 WEST LEPIN ROAD, DONIPHAN, NE 68832 (referred to below
<br /> as "Trustor"); HASTINGS STATE BANK, whose address is 530 NORTH BURLINGTON, P.O. BOX 2178,
<br /> HASTINGS, NE 68902-2178 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and
<br /> HASTINGS STATE BANK, whose address is P.O. BOX 2178, HASTINGS, NE 68902-2178 (referred to below as
<br /> "Trustee").
<br /> CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br /> Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described rea� property, together with all existing or
<br /> subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br /> ditch rights (including stock in utiiities with ditch or irrigation rights);and all other rights, royalties, and profits relating to the real property, including
<br /> without limitetion all minerals, oil, gas, geothermal and similar maNers, IOCet@d In HALL COU11�/, State of Nebraska (thE "Re81
<br /> Property"):
<br /> LOT ONE (1), SCOTT'S WHITETAIL MEADOW SUBDIVISION, HALL COUNTY, NEBRASKA
<br /> The Real Property or its address is commonly known as 7530 WEST LEPIN ROAD, DONIPHAN, NE 68832. The
<br /> Real Property tax identification number is 400460424.
<br /> Trustor presently assigns to Lender(also known as Beneficiary in this Deed of Trust)all of Trustor's right,title,and interest in and to all present and
<br /> future leases of the Property and all Rents from the Property. In addition,Trustor grants Lender a Uniform Commercial Code security interest in the
<br /> Rents and the Personal Property defined below.
<br /> DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust. Terms not otherwise defined in this Deed of
<br /> Trust shall have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean amounts in
<br /> lawful money of the United States of America.
<br /> Credit Agreement. 7he words"Credit AgreemenY'mean the revolving credit agreement dated:July 26,1999,with a credit limit In the
<br /> amount of $12,000.00, between Trustor and Lender,together with all renewals,extensions, modifications,refinancings,and substitutions
<br /> for the Credit Agreement. The maturity date of this Deed of Trust is July 20, 2009. NOTICE TO TRUSTOR: THE CREDIT AGREEMENT
<br /> CONTAINS A VARIABLE INTEREST RATE.
<br /> Existing Indebtedness. The words"Existing Indebtedness"mean the indebtedness described below in the Existing Indebtedness section of
<br /> this DQed of Trust.
<br /> Guarantor. The word "Guarantor" means and includes without limitation any and all guarantors, sureties, and accommodation parties in
<br /> connection with the Indebtedness.
<br /> Improvements. The word "Improvements" means and includes without limitation all existing and future improvements, buildings, structures,
<br /> mobile homes affixed on the Real Property,facilities,additions,replacements and other construction on the Real Property.
<br /> Indebtedness. The word"Indebtedness"means all principal and interest payable under the Credit Agreement and any amounts expended or
<br /> advanced by Lender to discharge obligations of Trustor or expenses incurred by Trustee or Lender to enforce obligations of Trustor under this
<br /> Deed of Trust,together with interest on such amounts as provided in this Deed of Trust. Specifically,without Ifmitation,this Deed of Trust
<br /> secures a revolving Iine of credit,which obl(gates Lender to make advances to Trustor so long as Trustor complies with all the terms
<br /> of the Credit Agreement. Such advances may be made, repaid,and remade from time to time,subject to the Iimitation that the total
<br /> outstandfng balance owing at any one time, not including finance charges on such balance at a flxed or variable rate or sum as
<br /> provided in the Credit Agreement,any temporary overages,other charges,and any amounts expended or advanced as provfded In this
<br /> paragraph,shall not exceed the Credit Llmit as provided in the Credit Agreement. It is the Intention of Trustor and Lender that thls
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