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<br /> � , � � - . � DEED OF TRUST WITH FUTURE ADVANCES
<br /> � THIS DEED OFTRUST, is made as of the 2 2n d day of Septem ber , i9 9 9 ,by and among�
<br /> tneTrustor, Darrel' R�e�ierts and Patricia J. Rewerts , husband and wife �
<br /> .
<br /> whose mailing address is�"-�2 g O S au t n MOTt l t O r RCl . � D on i phan, N E (herein "T�ustor," whether one or morel,
<br /> the Trustee, � �Ba�k pf,;;Doniphan
<br /> whose mailfng address is ''� •P:0� �B O K 2�0 , D o n i phan, N E 6 8 8 3 2 (herein "Trustee"), and
<br /> the Benefic �
<br /> � �ery;� .,� 8a�r�k:��o�•; Danip�zan �
<br /> whose mailing edd�ess f§`�� ,"p'_ fl_' R n x� �7(1 il n n i r�h a n � N F Fi R A�� �herein "Lender").
<br /> FOR VALUABLE CONSIDERATION,inciuding Lender's extenslon of credit ldentified herein to Darre 1 Rewer t�
<br /> and� 'P�t'rici�i' Rew�r�s
<br /> (herein "Borrower", whether one or more) and the trust herein created, the
<br /> receipt of which is hereby acknowledged,Trustor hereby irrevocably grants,transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />' POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafte� set forth, the real .
<br /> property,describedasfollows:The East' Half of the Northeast Quarter of the Northeast
<br /> Quarter (E2NE4NE4) and the East Half of the Southeast Quarter of the
<br /> Northeast Quarter (E2SW4NE4) and the East One Half of �he West One Half�
<br /> of the No,rthea�,t ;Quarter of the Northeast Quarter (E2W2NE�NE�) and the
<br /> East One Ha�f of the Ldest One Half of the Southeast Quarter of the
<br /> Northeast Q�ua�te�� (E2WZSE4I1E4) all in Section Twenty-one (21 ) , Township
<br /> PROPS S t �. , ,
<br /> Nine ��'D°�ortn, �ange Ten (10) G7est af the 5th P.M. , Hall Ceunty , NE
<br /> Together with ali buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances
<br /> located thereon or In anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such personal
<br /> property that is attached to the fmprovements so as to constitute a fixture, including, but not limited to, heating and cooling equipment;
<br /> and together with the homestead or marital interests, if any, which interests are hereby released and waived; all of which, including
<br /> replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien,of this Deed of Trust and atl of
<br /> the foregoing being referred to herein as the "Property".
<br /> This Deed of Trust shall secure(a)the payment of the principal sum and interest evidenced by a promissory note or credit
<br /> agreement dated Septembe�' 2.L 9 1995 ,having a maturity date of September 20 � 2003
<br /> in the original p�tncipal amount of 8_] �3 � 7�n_ 5 n , and any and all modiffcations, extenafons and renewals
<br /> thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one► hereunder purauant to
<br /> on�or more promtssory notes or credit agreements (herein called "Note"►; (b)the payment of other sums advanced by Lender to protect
<br /> the aecurity of the Note; (c) the performence of all covenanta and agreementa of Truator aet forth herefn; end (d) all present and future
<br /> indebtedneas and obligatlons of Borrower (or eny of them if more than one) to Lender whether direct, indirect, absolute or contingent
<br /> end whether erlafng by note, gueranty,overdreft or otherwlae. The Note,thfa Daed of Trust and any and ail othe�documents that secure
<br /> the Note or otherwlse executed In connection therewith, Including without Iimitatlon guarantees, security agreementa and assignments
<br /> of teases and rents,shell be referred to herein as the"Loan Instrumenta".
<br /> Trustor covenanta end agrees with Lender as followa:
<br /> 1. Payment of Indebtedness.All Indebtedness secured hereby shell be pafd when due.
<br /> ' 2, Tltle.Trustor Is the owner of the Property,has the right and authority to convey the Property, and warrants that the lien created
<br /> hereby is a first and prior Nen on the Property, except for Ilens and encumbrancea aet forth by Trustor in writing and delivered to Lender
<br /> before executlon of this Deed of Trust, and the execution and delivery of this Deed of trust does not violate any contract or other
<br /> obligation to which Trustor is subJect.
<br /> 3. Taxes,Assessments.To pay before delinquency all taxes, epecial assessments and all other charges against the Property now or
<br /> hereafter levied. � '
<br /> 4. Insurence: ToJ keep'the�Property (nsured against damage by fire, hazards, included within the term "extend�d coverage", and
<br /> such other hazards'as�Lender may require, in amounts and with companfes acceptable to Lender, naming Lender as an additional named
<br /> insured, with loss payable to the Lender, in cese of loss under auch policies,the Lender is authorized to adjust, collect and compromise,
<br /> all claims thereunder and shall have the optlon of applyfng all or part of the insurance proceeds (i) to any indebtedness secured hereby
<br /> and in such order as Lender may determine, (ii)to the Trustor to be used for the repair or restoration of the Property or(iii) for any other
<br /> purpose or object satfsfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured hereby before such
<br /> payment ever took place.Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under
<br /> the Note,or cure any default thereunder or hereunder.
<br /> 6. Escrow. Upo�written demand 6y Lender,Trustor shall pay to Lender, in such manner as Lender may designate, sufficient sums
<br /> to enable Lende[ to pay as they become due one or more of the following: (i) all taxes, assessments and other charges against the
<br /> Property, Qi1 the premiuma on the property Insurence requfred hereunder, and (ili) the premiuma on any mortgage insurance required by
<br /> Lender. •� •
<br /> , 6. Malntenence, Repelrs end Compilance with Lews. Trustor shall keep the Property in good condition and repair; shall promptly
<br /> repalr, or replace any improvement which may be damaged or destroyed; shall not commit or permit any waste or deterioration of the
<br /> Property; shall not �emove, demol(sh or substantially alter any of the improvementa on the Property; ehall not commit, auffer or permit
<br /> eny act to be done In or upon the Property In vlolatlon of any lew, ordinance, or regulation; and shall pay and promptly discharge at
<br /> Trustor's cost end expense all Uens, encumbrances end charges levied, imposed or assessed against the Property or any part thereof.
<br /> NBC3467A (Non�prlcultural Daed)Rav,12l97
<br />� �.'1 19BB Nstlonal Bmk ol Commsres Tru�t and 6avino�Aseoclatlon.Uncoln.Nebreaka
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