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<br /> Iuther P. Petere txveCee for Iuttier P� Petera 1Yust �—
<br /> - •~�•�'~L� ° - I.aVarate R. Petere ttvatee£or LaVocme R. Peters 1Yust
<br /> �` �,. .. .�� �,�, o��� 1.0���'� pEED OF 1R11ST _ -.----
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<br /> �;.; �`•. '°` THI8 TRllST DEHD.m�de thls 25th day� March t0 '�±,by and among ,8� A�
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<br /> ��.�^. f.,` •��� whose m�lltnp addrdss is PO Booc 336 Wuod River� I�E� G88B3 ---
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<br /> °� '� �� �� `� (harein"Truetor");and i�M MIM NI�.whose matNng add�ess is P.O.Box 487.Wood Rtver,Nebraska 88883,(hereU"Trustee."end"Banetkiary'�. {.
<br /> r� n, f0R VALUABLE COMSIDERAtiON,i�ctudirg the ind�btedness indonti��d hK�in axi 4he frust herein creotad,tiw racaip4 af r.fiich Is h�rnby �' - ..�,o� -
<br /> ' '�?� ,, �`'� ocknov►1�dged,Trosta inwaably q�aMs, transf�rs,convtys,an�!assipns to Trost�e, IN TRtIST,WITM ROWER OF SAIE, for tha benefit and �
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<br /> �; � ° • ,,, tscuritp of Ben�fkiary,under and subject to the terms and conditiorn of thf�Deed of Trust,the real prapeny deurlbed cs fAllows: •^��:;•.:��;_LL__
<br /> � . • East Half (F�,) of Lot Eight (8) and all of Lot Nine (9) in Blxk 1t�enty-one (21) in the Originsl T�ant , '.. '" - ---
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<br /> .. ' of Wnod River� Nebreeks �'.,,"`__---
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<br /> TOGETHER WITH, al!rents,profits,royalties,intome and other benefits derived from the rea�property;all leases a sub�eoses eovering the . .
<br /> reol property or any portion thereof, now or hereafter existing or entered into,and all right,title and interest of Trustor thereunder,all in• r �
<br /> " terests,estote or othe�tktims, both in law and in equity,which Trustor now hos or may hereafter acquire in the real property;all eosements, . �� ;
<br /> rlghts-of-way, tenements, hereditaments and cppurtenances thereof and thereto; all oil and gas rights and profits,woter rights ond wcter ', �,
<br /> stak:all right,title artd interest of Trustor,now owned or hereofter acquired,in and to eny land lying within the right•of-way of uny street or , . '-,� ;
<br /> highway adjoining the real property, any and all buildings, fixtures,improvements, and appurtenonces now or hereohe�erected thereen or ` :a rs�;; '
<br /> belonging thereto,(herein referred to as"Improvement"or"tmprovements"1;and any and oll awards made for the taking by eminent domain ;: j�
<br /> or by any proceeding or purchose in lieu thereof,o/the whole or cny port of the recl property. '�� �
<br /> All of the forepoinp estote,property and interest hereby conveyed to Trustee herein collettively refer�ed to as the"Property". I ' •. �
<br /> � , _ TH15 DEEO OF TRUST SHAII SECUREo �
<br /> (e)The payment of indebtedness evidenced by Trustor's note of even dcte herewith in the principa�sum of — • •� �1i-,;j�
<br /> ltaenty'ltiousm�d and no/1.'� -•—---—---------—.—--Oollars (S 20,000.00 __ �. .
<br /> together with intcrest et the rpte or rates provided there+n, (herein,together with ony ond ell ranewols, modificotions,ond extensions thereof, 1
<br /> � referred to as the"Note")both principal and interest on the Note beirtg payoble in attordance with the te�ms set forth 4herein,reference to '
<br /> which is hereby mode, the finc�poyment of principot and interest, if not sooner paid and if no renewols, modificotions a extensions are made. i
<br /> due and payable on __M�y 1, 1994 and all_renewals thereof _—,�--- -�------ - • I .
<br /> (b)The performance of each agreement end tovenant of Trustor here:n contained;and ;
<br /> (c)The payment of any sum or sums of money with interest thereon which may be hereofter paid or advanced under the terms of this Deed of
<br /> Trust. •
<br /> (d)The payment of eny future advances necessory to protect the security or eny future advance made at the option of the parties;ar�d
<br /> (e)The performance of an obligution of any other person nomed in ihis Trust Deed to a beneficiary.
<br /> TO PROTER THE SECUR{TY OF THIS DEED Of 1RU5T,TRUSTOR HEREBY�OVENANTS ANO AGREES AS FOLLOWS:
<br /> 1.Po�meM of P�indpef and tnterest.Trusta shall promptly pay when due the principal of and interest on the i�debtedness evidenced by the
<br /> Note,ond oll other charges ond fees as provided in the Note,and the principol of ond interest on any Future Advances secured by this Oeed of
<br /> Trust.
<br /> , 2.WarraM�►of Title.Trustor is Iewfully sei:ed ond possessed of good and indefeasibte title and estate to the Property hereby conveyed and
<br /> hos the rigfit to grant and convey the Property; the Property is free and clear of all liens and encumbranees except Fens now of record;and
<br /> � Trustor will wurrent ond defend the title to the Property against all cloims and demonds.
<br /> 3.MatM�nance and CompNanee with bw�.Trustor shall keep the Property in good condition ond repair and shall nat tommit woste or permit
<br /> impoirment or deterioration of the Property and sholl comply with the provisions of any Ieose if this Deed of Trust is on a leaseho�d.No improve-
<br /> ment now or hereaher erected upon the Property shall be ultered,removed or demolished without the prior written consent of Beneficiory.
<br /> Trustor shall comply with nll laws,ordinances,regulutions,covenants,conditions and restrictions affecting the Property and not commit,suffer,
<br /> ���r�t�n�nrt te ba dene in or unon the P.onertv in violation of anv bw.ordinance,regulotion, tovennnt,condition or restrittion.Trustor
<br /> �' shall complete or restore promptly and in good workmanlike manner ony improvement on the Propeny which moy be domaged or destroyed and
<br /> � poy,when duo,atl cloims for labor pe�formed ond mnterials furnished therefore and for any atterations thereof.
<br /> 4. lnturateo.Trusta,at its expense, will meintain with insurors opproved by Beneficiary,insurance with respect to the Improvements and
<br /> � personol property,constituting the Property,agoinst Ioss by fire, light�ing,tornodo,and other perils and hazards covered by standard extended
<br /> coveroge endorsement,in an emount equol!o ot leost one hundred percent of tha full replacement value thereof ond insurance against such
<br /> ; � .�� other hazards and in suth amounts os is customarily tarried by owners and operotars of simular properties or os Beneficiary moy require for its
<br /> � protettion.Trustor will comply with such other requi�ements os Beneficiory may from time to time request for the protection by�nsuronce of the
<br /> interests of the respective perties. All insurance policies mointoined pursuant to this Deed of Trust shal nome Trustor and Beneficiary as in-
<br /> ;• sureds,as their respective interests may appeor,end provide thot there shall be no cancel�otion or madificotion without no less than 15 doys
<br /> ? prior written notificntion to 8eneficiery. In the event any policy hereunder is not renewed on or l�efore 1 5 doys pria to its expirution dute.
<br /> , Benefitiory moy praure such insurence in attadance with the provisions of poragreph 7 hereof.Trustor sholl deliver to Beneficiary the originol
<br /> ' policies of insurence and renewals thereof or memo copies of suth poli�ies and renewe�s thereof.Faiture to furnish sueh insurance by Trustor,or
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<br /> renewo�s os required hereunder shall,ot the option of Beneficiary,constitute o defoult.
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