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<br /> �----_-�- DEEID OF TRUSST 9�` �O�'+��' .
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<br /> ---=_= This DEED OF 'Y'RUST is made this ��th day af Mprch, 1994, by �nd among BRADY�EY N. �--
<br /> --: =���`��'F'";�'� KY..INC�MAN�nd Ji�.I.C. YtY,.YPt�A+IAi+i.��sCr�n� and��i6¢�hcreinafter refarred to as"7'r��t�rs,��whether `_-�._-- ----
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<br /> �-=�,�,,� on�or more,whose mailing addreas Is 1740 idlewood,Grr�nnd Ielund,l�lebr�elcs�68801;TH�STATE BANK
<br /> �=�•=���;• „'�' ��C,�3�,a l�s l b a�n e 4 s a �a n k i n g Ca r por�tion,hereinafter referred to as"�'rustee,"whaso mailiag addre�s
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<br /> : -'��',w is Boa 628, Cniro, Nebraaks 688Z4: and T�E STA'd'E BANK OF C�O. A P IE�1la6 I(N ar�+ g
<br /> � . :.; .t'` Corporatio0. hereinaRer referred to as"�eneficiary," whose mail"u�g address is Bo: 4?8� Cairo� Nebra�ks
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<br /> � For valuable coneideradon, Trustors inevocably grant, transfer, convey and assign to Teuatee� in wst,
<br /> � with gower of sale, for the beneRt and security of BeneRciary. under�u►d subje�t to the ternts and candit�ona of —_- _
<br /> � � tws Deed of Trust,the foUowing described real property located in HALL County,Nebraska: v_
<br /> � � Lot One(1�>Fm�re1G Srar�m�S�bdivesioa�,Hall County,Nebraska, �;'�-_
<br /> �......-.--.
<br /> ' a19 bueid'na� s,irtn ffoveanemts, fixSure�,sbr�ts,2z��1►s,P�ss�ewarys,¢asQm�nts,s�g�nYS,pnvalr��¢s�tn� ��F:R�
<br /> togeth¢r v►nY6e 8 P �f such s ;;::-_..�
<br /> $PPurQenaances locat�d thereon,�d all p�rsonafl pr�ge�y&han rmay be or hereafte�be�oarcn�aen in8egsaD parQ .,:�...::.;: ;:_ -
<br /> buildings and improvements, al! crops rai�tQ�ercaorn, ac��a11 water rights, all of wkach�, n��lmding replacements ; , ;
<br /> and addirions theretm,are hereby de�lared to be a�ara of the real estate conveyed ire uust here'by,it being agreed . ..;,�,uN
<br /> , . '` . that all of the foregoing sha11 bs hereinaRer referred to as the"Property." :. .'�,�,'.:�
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<br /> � �;����°� FOR THE PURPOS}� OF SECURING: �� �-���
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<br /> � �•�'�h���::•�. a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum uf ' ',�;rv'—
<br /> ••,'.,�,:;.,,
<br /> �`;4: t� $68,000.00,together with interest at the rate or rates provided therein, and any and all renewals, modifications r �,�,�
<br /> � -- and exzCnsior�of such note,bo*.n princiP�,i and interest on the note being payable in accordance with the terms
<br /> -- �,,., `,
<br /> � set forth therein,whicli by this reference is he��by macle a parc hereof; ,,;_..
<br /> ° � :'+'•.; . b. The performance of each agreement n��H covenant of Trustors herein contained;and " �•:�__.
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<br /> •�.;.�.,,� � � c. Tta� payment of all sums advanced by Beneficiam under the terms of this Deed of Trust, to�ether with �.�����:��
<br /> ' interest thereon at t6�e rate provi�lerJ in the nate � � '�'" �
<br /> d. The above a�a�int is secured even though all or part of it m��•not yet be advance. Future advances under
<br /> ,,;�..�r'..
<br /> the agreement are co n�emplated and will be secured to th�same ext��t as if made on the date this deed of trust is ° ,.��-
<br /> '`�' executed. . .`�
<br /> '.,,.,. ..
<br /> ,,... —
<br /> TO PROTECT THE SECURI'1'Y OF THIS DEED OF TRNST,TRUSTORS REREBY COVENANT AND AGREE: �� '"'K�
<br /> • * �f�'=
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<br /> 1. To pay w•hen due,the principal of.and the interest on. thz indebtedness e�idencxd by the note.charges. fees and all other , . `
<br /> ;;'�,ti sums as prm�ded in the loan instniments. ,;�'i��'::���-�..
<br /> � � '�'� 2. Tn�s�ors are the owmers of the property' and have the raghi and aathority to cxecuic i�as Dced of Ttust in ffes�a�t to the r..,.:�;jt�;.!,4#:ti
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<br /> `r���'�• P�rt3'• !�!1;':,
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<br /> ; ,�h`.�`� 3. To pa��. when due. all taxes. special assessments and al; other cha7gcs against tt�c property�. C�efare e same me
<br /> ,:;��;:��.�:•�, deGnquent. Tnutors shall pa��all taxes and asu:ssrnents�vhich ma)be le�•ied upon Benefic►an•'s interest herein or upon this Deed of ,
<br /> �' � �;��';•_ ';,• Tnist or the debt scxvred hereby.�tiyihout rcgard to am la��tfi�at ma�•bc cnacted imposing pa��ment of the�r�hole or any part thereof
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<br /> .,r�,; upon the Beneficiarv. ; �
<br /> ' 3. To kcep the imprm•ements no«on c�reaf�e�Iarated on thc propem�msured against d�mage b� fire and such other tearards as
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<br /> the Beneficiary ma)'require.in amvunts and cornganies acceptablr to the He�ecfician•.Such insurance polic�•shall contain a standard
<br /> use in fa�•or of Benefician•. Trustor shall prompt��•repa�r. mau�ta��e and replacc lhe propem•or an}�part thereof, so i
<br /> morigage cla • �
<br /> that.except for ordinan•��•ear ai►d tear.thc propem•shall not desc�ioQaee ��,��',.
<br /> S. In the e�•ent the propem•.or am•pan ttiereof.shall be�ake�n b) eminent domain. the Benefician� is entitled to collect and � • :, ; .•.
<br /> recei�•e a G l com p e n s at ion��•hich may�be Paid for am�propertc taken or for daenagcs to propem not takcn.and the Benc�'u:�ar�•shall ; ,
<br /> apply such rnmpensat�on.at us option.cither tas:�reduction of the indebtedu�ss secured hercb}�. or to repair and restore�P�e prope m ;
<br /> so taken.
<br /> 6. The Benefician ma)'. but sflnall ha�•e mo a�C�gation to. do am act ���hich Trustors ha�•e agrc�ed but failed to do. and e ,
<br /> ` ge[��4ic�acy ma�also do an}�an�e�eems r�ecessan to protect r1,.:lien hereof. Trustocs agee:co rcpa}�.upon demartd a.:re swns su
<br /> � ;;',�� �xgemded by the Bemeficiar��for t➢�e a6a�e�ur�°cs.and ano succi so erpr.nded shall be added to the indetstedness sec�Qed L^,erebr ai►d
<br /> �a�e secvred ho ehe licn hercof ?he BeaeeG�aan� shali no mcur am E�abilat� bccausc of am�ttun� n ma� do or omit to do
<br /> �.' here�mder. �
<br /> ... . ... � Tt,P 13eaefician•stiall hace the nght.poi�er and authonh dunng the conunuance of this Deed aff 7'w�st ta callect the reats.
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<br /> tssues and pmfits of the propett�' and of an> personal pro�e�ty eocated cnerwn..�ii� o� ��tu�w�tani+�6 W-�^"^"^�' "'—r��r--•=
<br /> affected hereb�•.and Tnistors hereb)�absoluteh•and uncondiuonally assign all such rcnts.issues and prafiu to the 6cneficiat�• The
<br /> benefician�.ho�ti��er.hereb�•consents to Trustors'collection and retentcon af such rents.issues and prol�ts. so long as Tn�stors arc
<br /> no� at sueh time.�n default �ath respect to pa>�ment of am indebtodness secured heretn. or�n the�ert'ormance of anc agmement
<br /> hereunder If an) e�'ent of dcfault descnbe�hereaftcr in resQect to tIus Dr.�ed of Trust shall ha�e occurred and be continwng. thc
<br /> Benefician•.as a matter of nght and��ithout nouce to Trustors or amone�laim�ng und��r Trustors.and uithout regard ro the��alue of
<br /> the tn�st cstatc or the �nterest of the Tn�stors thcre�n, shall ha�c ihc nght to ap�l� to an} rnurt ha�-�ng�unsdiction to appo�nt a
<br /> ' rcoei.•cr of thc pmpern
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