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<br /> V�j - DEED OF TRUST WITH FUTURE ADVANCES �
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<br /> This DEED OF TRUST is made this 17th day of August, 1999, by and among JAMES TUREK and
<br /> IMOGENE TUREK, husband and wife, hereinafter referred to as "Trustors," whether one or more, whose
<br /> mailing address is 3016 south 130th road, Wood river, Nebraska 68883; THE STATE BANK OF CAIRO,
<br /> a Nebraska Banking Corporation, hereinafter referred to as "Trustee," whose mailing address is Box 428,
<br /> Cairo, Nebraska 68824; and ISABELLE F. TROMPKE, an individual , hereinafter referred to as
<br /> "Beneficiary," whose mailing address is Rural Route 1, Loup City, Nebraska 68853.
<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 comprising a part of the North Half of the Southeast Quarter (Nl/2 SE1/4)
<br /> of Section Thirty (30), Township Eleven (11) North, Range Eleven (11) West of the 6th
<br /> P.M., Hall County, Nebraska, said tract being more particularly described as follows:
<br /> Beginning at the Southeast corner of said N1/2 SE1/4; thence running N 89°51'34" W on
<br /> the South line of said Nl/2 SE 1/4 for a distance of 830.00 feet; thence on an assumed
<br /> bearing of N 00°00'00" E, parallel with the East line of said N1/2 SE1/4 for 516.73 feet;
<br /> thence N 87°30'00" E for 830.79 feet to a point on the East line of said N1/2 SE1/4;
<br /> thence S 00°00'00" E on the East line of said Nl/2 SEl/4 for 555.00 feet to the point of
<br /> beginning, said tract containing 10.210 acres more or less, ;
<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 /> $108,000.00, 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
<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.
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<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. Trusiors 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 i
<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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