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<br /> . • ''. .' � � DEED Of YRilSi' ��`�Qj�a�� � .v----- —
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<br /> .�; � -> THIS TRUST DEED,msde thta � day of March ,19 9G _,qy and dmonp ._B._...�. �'._,° ;��--_ ,,_:,Y..
<br /> Monson and Wanda L. Monsoa� husband and wife mr�-v.>
<br /> ��" v�ih088 rtlalltitp 6dd►9S8 IS Rx ?.� 8ex 2 Woed Itiver� NB 68883 ��"T=-�
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<br /> � '' {herein"truaror");and fll���QOO II�EI�whose maiiing address fs P.O.Hox 487,Woad Rfvar,Nebraska 88883,(heretn"Trustee."and"Beneticlary"). �,��._-—
<br /> •• FOR VALUABLE CONSIOERATION,ineludirg ths indabtedne�a IndeMffied Mrein aid th�tNSt h�r�in creoted,th�renipt of whFch is h�reby _ _
<br /> � � aknowledpad, TNata irrovoeab�y grents,honsfcrs, eonveys, and assigns to Tronee, IN TRUA,WITH POWER OF SALE, for the benefit and 3�,.K,_...,_--•
<br /> securi of 8eneflci �act to the terms and wnditions of this Oeed of T�ust,the reol dasulbed as foilow:� �t-�-=
<br /> • , . �. ►Y arq,under crd sub ProPefi� �;,
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<br /> . � � ' All of Block Twenty-Four (24) in MacColl and Leflang's Second Addition to the ;=.�rw;�=-
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<br /> �,. , '� � Town of Wood River, Hall County, Nebraska • "�=;i���_-----
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<br /> '• � 2 �' ReB.of Deed =•�--__---_
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<br /> � : TOGETHER WITH, aIl rent9,profits,royolties, intome and other benefits derived from the reaf praperty;a�{iBa563 Of iu�318aS65 tOVBtittg th8 �-=_- - ,
<br /> reul property or any portion thereof,now or hereafter existing or entered into, and all ri g ht, tit le nn d interest o f Trus tor t hereu n der. a l l i n• , �. ;
<br /> terests, estete a other claims,both in law and in equity,which Trustor now hos or mey hereafter acquire in the real property;all easements, � '�'
<br /> rights•of-woy, tenements,hereditaments and Qppurtenances thereof and thereto:all oil end gas rights ond profits, weter rights ond weter , . -� ,
<br /> stotk;all right,title and interest of Trustor,now owned or hereafter atquired,in and to any land lying within the right•of-way of any street or _i��
<br /> highway adjoining the real property, any ond all buildings, fixtures, improvements, and appurtenantes now or hereaher eretted thereon or • r
<br /> be�onging thereto, (herein referred to os"Improvement"or"Improvements"); and any and clt awards mnde for the tuking by eminent domuin ; ;•'�: .
<br /> or by any praeeding or purchase in lieu thereof, of the whole or any part of the real property. ; , '�� �
<br /> All of the foregoing estate,property and interest hereby conveyed to Trustee herein collectively�eferred to as the"Property". ;
<br /> TNIS OEED 0�TRUST SHAII SECURE: � •�t�i
<br /> ' , (o�the��pa�yment of indebtedness evidenced by Trostor's note of even date he�ewith in the principal sum of __ ' .�j n,
<br /> WENTY THOUSAND AND NO/10U---------�------------------------ 20,000.00 ''
<br /> __�.___Dollon (S_ — 1•
<br /> together with interest at the rate or rates provided therein,(herein,together with any and oll renewols,modifications,and extensions thereof, ; . "��
<br /> refened to as the"Note"1 both principal and i�terest on the Note being payoble in occordonce with the terms set forth therein, reference to
<br /> whith is hereby mede,the final payment of principol end interest,if not sooner paid and if no renewals,modif�cat�ons or extensions are made. .
<br /> dueandpcyableon February 1, 2004 ______ __.___ �—__.____ . � ,
<br /> (b)The performonce of each agreement and covenant of Trustor herein contained;ond ,
<br /> (c)The poyment of ony sum or sums of money with interest thereon which moy be hereafter poid or odvanced under the terms of this Oeed of ;
<br /> Trust. .
<br /> (d1 The poyment of any future advances necessary to protect the security or ony future odvance made at the option of the porties:and
<br /> (e)The performance of on obligation of any other person named in this Trust Oeed to a beneficiery.
<br /> TO PROIECT THE SECURISY OF TH�S DEEO OF TRUST,TRUSYOR HEREBY COVENANTS AND AGREES AS f011OWS:
<br /> 1.Paym�M of Prindpol and I�ero�t.Trustor shall promptly pay when due the prineipal of ond interest on the indebtedness evidenced by the
<br /> Note,and all other chorges and fees as provided in the Note,and the principal of and interest on any Future Advances secured by this Deed of
<br /> ' • Trust.
<br /> � ,. 2.Wanenty o}Yitle.Trustor is luwfully seized and possessed of good and indefeusible title and estete to the Property hereby conveyed and
<br /> � hos the rigAt to grant and convey the Property;the Property is free and clear of oll Iiens ond encumbronces except�iens now of record:and
<br /> Trustor will warrant and defend the title to the Property ogainst oll claims and demands.
<br /> 3.Maintenanee and Complianee with law:.Trustor sholl keep the Prope�ty in good condition and repair ond shol�not commit woste or permit
<br /> � impairment or deteriaation of the Property and shall comply with the provisions of a��y lease if this Deed of Trust is on a teasehold.No improve-
<br /> ment now or hereofter erected upon the Property shell be o�tered, removed or demolished without the prior written consent of Beneficiary.
<br /> � Trustor shail comply with all laws,ordinances,regulations,covenants,tonditions and restrictions affecting the Property and not commit,suffer.
<br /> � or permit ony act to be done in or upon the Property in violation of any law,ordinance,regulotion, covenant,condition or restriction. Trustor
<br /> shall cOmplete or restore promptly and in goal workrnonlike monner any improvement an the Property whith may be dnmoged or destroyed and
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<br /> �L (lGy,wnen due,ait ctaims tor inDOr pertormeo and maTerio�s Turnisned Tnereiore ano ivr any uiiciuiiv��s���c�ev�.
<br /> , 4. Intutartee.Trustor,ot its expense,will mointain with insurors opproved by 8e�eficiary, insurance with respect to the Improvements ond
<br /> . ; personal property,constituting the Propeny,against loss by fire,tightning,tornado,and Other per��s and hatards covered by Stondard extended
<br /> , ` , � coverege endorsement, in an amount eQuol to at leost one hundred percent of the full replacement value thereof and insurance age�nst such
<br /> � �; other hazards and in such omounts as is customorily corried by owners and operotws of simular prope�ties or as Beneficiory mey require for its
<br /> ' , protettion.Trustor will comply with suth other�equirements as Beneficiary moy from time to time request for the protection by insurance of the
<br /> ' , interests of the respective parties.All insurunce policies maintoined purs�wnt to this Oeed of Trust shall name Trustor and Beneficiory as m�
<br /> ; • sureds, as their respectivs interests may appear,and provide thot there shall be�o cancellotion or modificotion without no less thon 1 S dnys
<br /> prior written notificatian to Beneficiory. In the event any policy hereunder is not renewed on or before 15 deys prior to its expirotion date
<br /> l• Benefitiary may praure such insurnnce in accordonce with the provisions of parograph 1 hereof.Trustor sholl deliver to Beneficiary the or�gmai
<br /> ' . policies of insurante ond renewols thereof or memo copies of such policies ond re�ewols thereof.Failure to furnish such insuronte by Trustor or
<br /> ' renewols as required hereunder sha��,ot the option of Beneficiary,constitute a defau�t.
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