|
'_�`.:.__ � __. -- - ___-_ -__ �,. .: .... - . _.:.
<br /> ���• � ... i^ �' , _--.
<br /> ..= I � �•_
<br /> ' {�„'� �
<br /> . f , l �
<br /> T�� r, ._ . , . .. . ...--'--- --- -- --.. _.
<br /> i. . I ,
<br /> l�,:�___. __ _' ��. . .. _ ..
<br /> i_ � � 94
<br />_-_—--- -.�- --- s n . -��,�� .
<br />- _ _ � DE�D OF TRUST
<br /> — -- v -- Thia DEED OF TR.UST is made thia alst day of 1VLa�ch, 1994,by ar�d among THQMAS R.YQUNG� a
<br /> --- -- eia�e penon, hereinaRer rofened to as "Tru�ta�" whether oae or mote, whoso maiWig addreas is 17750 `
<br /> p aR
<br />- - W�st Abbott Ro�d, Cdro, Nebraska 68s24; THE ��'A t'E HwI�TK OF CAIR�, a Nebrs�ka g���a�
<br /> - — CorponHoa,herai�aRer rofened to as"'1'�vstee,'�whoae maifing addreas is�oz 4Z�,Calro,N�Mra�stu�8�4; �
<br />-'�� and THE STAT'E BA1�iK OF CAIRO. s Nebraeka H�nWng Corporallon, hereina�ec refemd to as
<br /> ' "Heneficl�uy,"whose mailing address is Hos 4?,8�C�iro,Nebras��588?A.
<br /> For valuable cansideratian,Trustora Irrovocably grant, transfer,convey and assign to Trustea�in�ust�
<br /> > �:r. �� with power of sale,for the beneRt and security of Heneficiary,under and aubject to the tenns and conditioas of -
<br /> �?`'� � this Dced of Trust,the foUowing descrlbed real property located in HALL County,Nebraska:
<br /> ,+S'� —.�-
<br /> . ' �:,,:,,•,, . ..�,�i.
<br /> �'�•r�• ��- �;��:' The Weat Half of the Northwest Quarter(W 1/2 NW 1/4), Section Thirty-three (33),Townahip
<br /> .:�_:. . >
<br /> ;.;_�;.:.� -", Twelve(12)North,Range'I'welve(12)�West ofthe 6th P.M.,Hall County,Nebraska,
<br /> ,J,,..µf ,,. ',n'�!.,'',.
<br /> F.�: � .:.,"s fixtures,streets,aUeYs,P�Beways,easements,rights,privileges end
<br /> _ . _:_ .. , ..., . . together with all buildings,improvements, .
<br /> appwtenaaces lacated thereon,and ail pC�aoiiai praperty th�t msY be os here�fter be.c.�me an integral part of sucii c .__
<br /> � � • buildings and improvements. aU crops raised thereon, and all water rights,all of which, including replacements �—
<br /> t � arcd addidons thereto,are hereby declared to be�s part of the real estate conveyed in trust hereby,it being ag�eed R-�;;.
<br /> ,� . that all of the foregoing shell be hereinafter referred to as the"Property." � __
<br /> FOR THE PURPOSE OF SECURII�3G: —
<br /> A. Payment of indebtedneas evidenced by Trostora' note of even date herewith in the priacipal sum uf
<br />_. '_ _ �3�,000AO, together with interest at the rate or rates provided thercin, and any and all renewals, modifications ___
<br /> � and extensions of such note, both principal and interest on the note being payabiC ir�accordaac�with tl�e t�s
<br /> � set foKh therein,whicli by this reference is hereby made a part hereof;
<br /> b. The performance of each agreement and covenant of Trustors herein contained;and ---
<br /> c. 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 note. -
<br /> d. The above smount is secured even though all or pact of it may not yet be advance.Future advauces under
<br /> �� the agreement are contemplated and wilt be secured to the same extent as if made on the date this deed of wst is
<br /> executed.
<br /> ti " TO PROTECT THE 5ECURITY OF THIS DEED OF T1tUST.TRUSTORS HEREBY COVENANT AND AGRE�: —
<br /> 1. To pay when due,the principal of.and the interest on. the indebtedn�s evidenad by the not�,charges,fces and all other
<br /> ' sums as provided in the loan instrnmcnts.
<br /> 2. Tn�.ctors are the owners of the property and have the nght and authority to ex�x:ute this Dccd ef Trust in sespest to tha �--
<br /> prol�ertY• before the saiae bxome =
<br /> 3. To pay, when due, all taxes. special assessments and ait other charges against the property,
<br /> delinquent. Tmstors shall pay all taxes and asscssments�vhich may�be Icvied upon B�en�g�s interest herein or upan this Deed of
<br /> Ttust or the debt secured hcrcby.�vithout rcgard to any la���that may be cnacted im sin a ent of the whole or any pazt thereof :^
<br /> r,::
<br /> � ; upon the Beneficiary. insurcd a amst dama e fire an!�ach othet ha�ards ss
<br /> 4. To kcep thc improvcments noH•on c�rcaitcr locatcd on thc property ' 8 � � bY
<br /> � ' the Beneficiar}•may rcquira in amounts and companics acceptablc to the Beneficiary.Such insurance policy shall contain��fdatd
<br /> j mortgage clause in favor of Benefician�. Trustor shall promptl�•repa�r. maintain and replace the property or atry part
<br /> tha�exoept for ordinary��ccar and tcar.the property�shail not detenoratc
<br /> j S. In the evcnt the property_ or any part thercof. shall bc talccn by eminent domain, thc Beneficiary is entided to coiloct and
<br /> ' ' reoeive all compensadon which may be paid for am•propert}•taken or for damages to property not tal:en, and the BeneRciary sl�sli
<br /> apply such oompensation,at its option,either to a rcduction of the indebtedness secwed hereby.or to repair and restore the ptopetty ,
<br /> • so taken.
<br /> 6. The Bencfician may.but shatl havc no obligation to. do an}� act ��•hich Trustors ha��c agreed but failed to do,and the i
<br /> Beneficiary may also do any act it decros neccssan•to protcct the licn hercof. Trustors agrec to repay.upon demand,any sums so
<br /> I expended by thc Bcncfician•for thc abo�•c purposcs.and an�•sum so cxpcnded shall bc addcd ro thc indcbtcdness securc�hcrcby and '
<br /> — I become secured by the lien hereof. The Benefician� shall no incur any liabilin• baause of an�lhing it may do or omit to do .
<br /> � hcreundcr. _ .L_ �...:........,...„o�h:�nK,ri nf Troct !n mlleCt thc rcnu.
<br /> 7. The Beneticiar�•shall ha��c the nght, po���cr and auinorii. uui���s.�«��••u••�..--�• •°•�---- -- '�sion of the pro
<br /> issues and profits of the propem•and of an}• personai propcm• located thcreon��•ith or without taking po P�m'
<br /> afiected hereby.and Trustors hereb}•absolutel}•and uncondit�onall} assign all such mnts,issues and profits to the beneRciary. The
<br /> beneficiary.how•ever,hereby rnnsents to Tcustors'collection and rctenuon of such rents. issues and pmfits.so long as Tnistors are
<br /> not,at such time, in defaull�vith respcct to payment of am�►ndebtcdncss sccurcd hcrcb�•.or in the pccforn�anx of any agreement
<br /> � , , ` � hereunder. If am e��ent of default dcscnbed herc:stter m mspext to this Decd of'I'rust shall ha��e occumd and be continuing.the
<br /> Beneficiary.as a maner of nght and��ithout notice to Trustors or am•one claiming under Tn�stors.and���ithout regard to the�alue of
<br /> the trust cxtatc or thc intcrest of thc Ttustors thcrcin. shall ha�•c thc nght to applr to am court ha��mg junsdicuon to appoint a
<br /> , reccivcr of thc propcm•.
<br /> r
<br /> i.
<br /> , .. .
<br />
|