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<br /> � � � �� • . DEED OF TRUST 93' 1'�'�1'5 -
<br /> - 'fhis DEED OF TRUST ia m�de this 19th day of Novembe�, 1993, by and unong DONALD F.
<br /> --_— --- SODERMAN and EMILY K. SODERMAN, hu�band and wlfe, here�n�Rer referre� to as "Trustor�,"
<br /> ������� whether one or more, whose mailing address is 4253 I.ariat I.aae, Gr�nd Isl�nd, Nebra�lu 6�01; THE
<br /> ,_��� 5TATE BANK OF CAIRO, •Nebr�ict Baokiag Corpontfon�hereinafter referrod to as"Trustee," whose
<br /> -,:,;�^�----°--=-=^ mailina nddress is Box 4Z8, CABro, N!�krsal�� 6�24; and THE CTAT� BANK OF �A.!QlD, � Ntbt��4a --
<br /> , :�a�.t L��k3u; Ccr�rorstion, heree�tr referred to as "Be�tefict�ry." whose mailing addseas is Box 4�s, C�irn. --
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<br /> Nebrasks 6��4.
<br /> �->u.���,�!��� For valuable consideration. Trustors iRevocably grant. transfer, convey and assign to Trustee,in trust,
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<br /> ,�;,,�;,,��,�;,:�;:;,,� with power of sale, for the bene6t and security of Beneftciary. under and subject to ihe�terms and conditions of �-�---
<br /> � "�'�"=="�"" this Deed of Trust, the followin described real ro e located in HALi.Coun Nebraska:
<br /> - *,�,:-.,.L.��:• 8 P P rh' tY, �__
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<br /> �,,,�,.'.,w,: �,, LOT ONE(1)�R&J ACRES SUBDIVISION, HALL COUNTY,NEBRASKA,
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<br />`-��:' ,, .a'" `' togethu with all buildings,improvements,fixtures, streets, alleys, passageways,easements,rights, privileges and ��-
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<br /> �,.'��;;"�- appurtenances located thereon,and all personal property that may be or hereafter become an integal part of such
<br /> "�� � �''` „�Q buildings and improvements, all crops raisc�d thereon, and all water rights, all of which, including replaeements ��
<br /> c� ' .� � xnd additions thereto, aze herelsy declared to be a part of the real estate conveyed in trust hereby,it being agreed ��
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<br /> �.N ... � � that all of the foregoing shall be hereinafter refened to as the"Property." ��
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<br /> `' -� �" -��^ FOR THE PURPO5E OF SECURING: =-
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<br /> .,�;-"'•' . . . �;.,� a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of �.::�
<br /> ' ��:�:� -••� - . `= $50,040.00,together with interest at the rate or rates provided therein, and any and all renewals, modifications �-
<br />- �.,�,...�t �:
<br /> ��`�•�� � ��� and extensions of such note, bath principal and interest on the note being payable in accordance with the terms h �
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<br /> ,' w �— set forih therein,which by this reference is hereby made a part hereof; _
<br /> � b. The performance of each agreement and covenant of Trustors herein contained;and t��•:
<br /> � ��. e. The payment of all sums advanced by Beneficiary under the terms of this Deed of Trust, together with -----
<br />- . �• interest thereon at the rate provided in the nnte.
<br /> ��� d. T'he above amount is secured even though all or part of it may not yet b�advance. Future advances under �L,
<br /> _ -�- �°��••'S•�,:• � the agreement are contemplate,�and will be secured to the same extent as if made on the date t h is d e e d o f trust is _-
<br />- . , ' executed. �
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<br /> -m`' '"`�`�'" '� ' TO PROTECT THE SECURITY OF THLS DEED OF TRUST.TRIJSTORS AEREBY COVENANT AND AGREE: �
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<br /> .� 1. To pay when due, thc principal of, and ihe intcrest on.the indebtcdness evidenced by the note,charges,fecs and all Wher �•;,
<br /> � . �:��r:...:.- ..
<br /> �: ` sums as providcd in the loan instrumcnts. �^=-
<br />_�, � s� '� , - 2. Tnutocs are the owmers of lhe property and ha�•e the right and authorin•to exocute Uus Doed of Tnut in respect to the ti`:�.
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<br /> . .,,,,�,, , 3. To pay, when due. �ll taxcs, spcxial assessmenis and all other charges against thc property, bcfore thc same benomc *��
<br />- � � . dclinquant. Tn�stors shall pay all taxes and assessmcnts Which may be Ie�ial upon Bencfician•'s interest hercin or upon tLis Decd of `,':=�'-
<br /> _ '1°'�.° Tnut or the dd�t sa:urod hercby.without regard to any law tt�at may be enxted imposing payment of the whole or any put thereof ;�
<br /> --= ,^�"�•:.:r .� upon the Beneficiary. �:y
<br /> � �'�-';�• ,�;'� � 4. To keep the improvemcnis noW on c�rcaflcr loratod on thc property insurod againsl damagc by firc and such other 1�•r.ards as -_ _
<br /> •'"`�:• � the&neficiary may rogWre.in amounts and cornpanies acceptable to the Beneficiary•.Such�nsuranoe poliry shall oantain a standard
<br /> ' • ,,,:.,,,�`" �g ry• P P�) 1� P P�nY Y P�
<br /> y�= .;,„r .,F.,,.:, mort c clausc in fa�•or of Benc6cia Tcustor shaU rom 1�rc ir, maintvn and re laoc thc r or an thcroof,so ��
<br /> �� • • ` tLat,exoept for ordinary w�car and tcu,ttic property shall not deterioratc. ����
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<br /> ��' ' :_.�_�...:... _ ; S. In the cvent the property,or any part thereof, shaQ be taken by eminent domain. the Beneficiary is entitlod to colloct and -
<br /> ' -r��� •- • •�-• . = teaive all oompcnsation w•hich ma�bc paid far any property takcn or for damagcs to propctty not takcn,aixl thc Bencficiary sl�it ,� ,,_.
<br /> '�: ,�;S'.-�.•;• APP�Y�oompeasation.At its option.either to a roduction of the indebtedness securod hercby,or to repair and resiore tLe PropertY .- ,,
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<br /> � �;� 6. Tbe Beoeficiary may'. but shall ha�•e nu obligation to, do any ad a��hich Tnutors have agroal t+ut f�iled to do, and the �r
<br /> " r:v;. BenetCiaty may also do any act it doems tucessary to protoct the licn hercof. Tnutors agree to repa�•.upon demand. any su�ns so
<br /> �; expcadod by the Beaeficiary for the above purposes.and any sum so expendcd shall bc added to the indc�todocss socured Mrcby and 't:�,
<br /> -'•:�i b000cne secv�od by We liea t�eof. The &ncficiary shall n� incur any liabiliry bec�use of wything it may do or apit to do ,.�o
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<br /> 7. 1'he Beoefiauy shaU t�n�e tLe right,po�er and authority during tliee oauinu�noe of this Dood of Tnut to eollect the ccnts. ��_
<br /> —� - �.� ... �...t..0..........�w«.1 .w...n.ear lev�stwd 11r.rw�n�uith nr u�Nwu t�kine�rfeerteiev�nf fhe mYferfv —°
<br /> Oi�Ri irfi�VtMi aa ar`�wv���� �.r w�..� �r..�...«« �....=.�.y .��.� �.___ "'� _' "'._._'___y r'__'�'_" _' _.' .' ' ).i�"i.
<br /> = �bcxod haeby,and Tn►uors hereby ab�olwely uid unoonditionally assign all such re�ts,iswes u�d protils to the benefic�lazy.(The �=-
<br /> baad�piary�dowe��r. heroby 000sents to Tn�stors'oolloction and retention of such rcnts,issues and profits,so long as Tnutors uc "`�
<br /> oot,at sucL time,ia defswlt vrith respoct to pa}mcnt of�ny ipdebtaLxxs socurcd 6creby. or in thc perfo�nanue of any agroeiaent �;
<br /> 6eoamder. U aay ev�at of defmlt dacn'bed hercafter in respoct to this Dood of Tcuu st�U ha�r oocurned aad be oontinning.the ��'=
<br /> BtaeSciuy.ac a matta of right and witf�out notice to Tn�stors or any�one cl�imiag under Trustors,aad witLout regud to 1Le��alue of . .
<br /> ttre tn�st atate or t6e iiKaa�t af the Tn�etac Wa�aa shaU da��c the riglu W sppiy to aay oouct having junsdicxion w appoint a �
<br /> reaeiver d t�e p�apaty.
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