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<br /> 93- �0�3a7
<br /> DBED OP TRUST
<br /> ,;
<br /> �'��"`� Thfe Deed of Trust ie made September 24, 1993 emonq
<br /> �,,..
<br /> •'�F'S,y H� � �p� � � hueband and wife, Truetors,
<br /> `� whether o�a or � more (hereinafter referred to ae "Sorroware"},
<br /> �.ti �;4 ,�, whose addraeg ia 1123 8. Lincoln, arand Island, NE 68801, David
<br /> i;it� � H. Fisher, Attorney at Law, P. 0. Bax 1044, Hastings, NebraekA
<br /> :s .
<br /> 68902 {hereinafter referred to as "Trustee") and TERRY R.
<br /> REISINGER and MFI FAN REISINOER, hueband and wifa as 3oint
<br /> . tendr►ts, benefici�+ries, whether one or more, (hereinafter �
<br /> , referred to as "Lendere") , whoaa address is Box 1064, Condon, MT
<br /> ''' ``r 59826. ..
<br /> '�'•_.. . .
<br /> j��f' Borrowers, in aonsideration of the indebtedness herein
<br /> ^� t;;�;�� ,�, created, irrevocably grant and convey to Trustae, in trust, with
<br /> =^` ' `�`�� " � � power of sale, the �ollowing deacribed propexty loaated in tha
<br /> ,
<br /> ?�•`'��:� �-�,. County of Adama, 8tate of Neb�raska: ��
<br /> :;';;F:'�:; x�
<br /> �,�?��;'' ; �+�.. �.?� - � Lot Twenty-one (21) , Block Two (2) ,
<br /> �}'������ � Sothman's Subdivision to the City of (irand �
<br /> ,:� :, ���,t.�
<br /> : ����u, • `��4• � • Island, Hall County, Nebraska
<br /> �,�is„ ,} u�,4•,•, � .
<br /> : <�J/ '. ' ��
<br /> ,,;�.�tti;' , �i.,r,�"
<br /> •."•y?�r> 1���'?� ' �' ���� Togethex with improvements, fixtures, easemente, rights�
<br /> �;:�z,: �,�; :�s��:,c,,.,r, ��-..�. privilege$ and appurtenances Iocated thereon or iii +ati}�wiSe
<br /> ��i�� ����i� �'-��°''t`��� ' � pertaining thereto, and the rents issues and profits, reverslans ��
<br /> �,��l�,.:. �.,:..,,..;. , ,
<br /> �''�`���`�•` � ' and remainders thereof, all of the foreqoing being referred to
<br /> e, ;,�, ,'�'� • _ � � 5 herein se the "Property";
<br /> .:� ��" . . _ � h,
<br /> � ' ,. - . � To secure to Lenders (a) the repayment of the indebtednese
<br /> ",�. . � . � evidenced by Promissory Note dated even date herewith (herei.n
<br /> � � Q;';,.�:.•.. � �� "Note") , in the principal sum of a25,000.00, providing for eixty
<br /> � (60) equal monthly installments of $483.33, principal and
<br /> ' .�. � `�� interest, if not sooner paid, due and payable on October 1,
<br /> - ..•, • . � 1998; (b) the payioene of all other sums, with interest therean,
<br /> M '�'� �" � �' �:: advanced in accordance herewith to y of this +�' .
<br /> ,.�� , protect the secur it
<br /> �., . , Deed of Trust: and (cl the performance of the covenants and
<br /> ; ." : ' �±� � agreements of Borrower herein contained.
<br /> ,
<br /> -- �- ---- ��— Borrowers covenant and agree as follows:
<br /> .� ,;�';';j.��� �° 1. Borrowers Sei_zed of Propertv. That Borrowers are
<br /> � ` ,. . � lawfully seized of the estate hereby conveyed and have the right
<br /> � ���'.`:�y � ta grant and convey the Proparty, that the Property is ,.
<br /> �;i.,.: ., .
<br /> <�';:�.;;,.. � ..;,��• .. unencumbered, and that Borrowers will warrant and defend
<br /> �•,��7� ,;�. •' � � ., generally the title to the Property against all claims and ��'�;
<br /> demands, subject to any covenants, easements or restrictions �•��
<br /> ,:,. -�.: �;._
<br /> .,'r;.�'��, . .. � l isted in a schedule of excaptions tc� coverage i n any t itle ;,.� �
<br /> ''"� , ' t e Pro ert . ��'�...
<br /> � ,:: '�' insurance policy insuring Lenders interest in h p y
<br /> : i:...:�� . :
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<br /> ,���'.�'.�' � , 2. Pavment. To pay the principal and interest therean as ��,-""
<br /> � "� provided in this Deed of Trust and the Nate. �';
<br /> ,,.; ';, "� � � .
<br /> •7 ; �' ' 3. Taxes and_Assessments. To �ay on or bef�re they become ,
<br /> , ,, ; �Y delinquent all taxes, special assessments end other charges
<br /> , }. , , �,� against the Property. � �
<br /> . .. �, ,. : . .
<br /> .x•:�':�. ,. i
<br /> .. ;.. ., • -� .r, :,
<br /> 4. Insurance. To keep the Property insured against damage
<br /> l" t'__ L____�_ '__1"�_.f "' �L"' �4' �___ 11_�����_� __.�_�.����� .
<br /> � YY 1110� lICl6GLt4D il1V1UU0U M1l.Il1U �.IIC lCL1U QAlC1lt�Cl4 t...VVCLAyC � •
<br /> :•'a;' •�,', �
<br /> ,�.,�;.,,.,. . �� ' • .,j;:.:., in an amount of not less than 808 of the replacement value or the �
<br /> '•,';a�+:�t �'�°�•� outstanding principal balance on the Nate, whichever is greater, z
<br /> ''`''�:� � 1 :. ,,..
<br /> ,,, with companies acceptable to Lender, and with loss payabl� to ihe
<br /> : :,.1,,. Lenders. Tn the event of a partial loss to the Property, Lenders
<br /> ; s%' � " ��•'�,;;'';> agree tliat the insurance proceeds may be used to restore the ''�+`
<br /> �;� °.; �����•;� Property if Borrowers so elect. Pr�of of insurance shall be
<br /> . . •• � d�livered to Lenders annually. Any polic.y ehall prohibit
<br /> � � cancellation or termination by insurer without 30 days written
<br /> r� � �'�y notice from insurer to Lenders and Trustee.
<br /> � .�_''�.�.� .
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