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<br /> -?�i::�::,�.�},; 1)EED O�1f1�N3�' � �. �'�Q ---
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<br /> �,. ;,�� This DEBD OF TRUST�S made this 18t6 day of Marcb, 199a,by and among FRFD�.EICKHOFF �r:°�
<br /> --`- - - �IS.aud D���'I'�'ft�.�IIL'�,rOF�,ha�s�aad aead e�dfe,hereinsfter referred to as"Tru�tors,'►whether one �,-�;
<br /> , • �- � or mora, whose msiling address ia 15324 West Wood R�ver RoAd, �N+oad River, NebraBk� 68883; THE `'—°==
<br /> - 3TA�'�'E��#NI�OF CAIRO,a Nebraska Baaking Corporatton,hereinafter refe�red to as"Trusta,"whose --
<br /> ° , mailing adckess is Bo:4?,8, C�iro, Ncbrasl� 688t4; and THE STATE BAPIIC OF CAIR�, st Nebrasic� �,��
<br /> , . : �ank[ng Co�orattan, hereinaRer referred ta as "Beneficeary," whose mailing addresa is Bo: 4?,8, Csdieo, _
<br /> � ATebrsisf�6�t24. �
<br /> rs
<br /> � For valuable considenttion, Trustors irrevocably grant, transfer, convey and asaign to Trustee, in trust,
<br /> � with power of sale,for the bene8t and security of BeneBciary,under and subject to the terms and conditions of
<br /> this Deed of Tnist,the following described real property located in HA�.�.County,I�ebraska:
<br /> ,r_,
<br /> , North gialf af the Southwesi Quarter(N 1/2 SW 1/4) af Section 12, Township 10 North,Rar►ge
<br /> ' �` 12 West of the 6th P.M., except a certain tract conveyed by warranty deed in Book 140, Pa$e .
<br /> � 620 HaU County,Nebraska,
<br /> � � together with all buildings,improvements,fixtures,strcets,alleys, passageways,easements,rights,privileges and
<br /> appurtenances located thereoq and all personal property that may be or hereafter become an integral part of such
<br /> . buildings and im�rovements, all crops raised thereon, and all water rights, aU of which, including replacements
<br /> .' � and addirions thereto,are hereby declared ta be a part of the real estate conveyed in trust hereby,it being agreed . .
<br /> � .;;`'-S that all of the foregoing shall be hereinafter refened to as the"Property."
<br /> � � �OIt T�IE PURP05E OF SECgJ�ING:
<br /> . �,
<br /> -� - � �''``��`., a. Paymatst of indabiedness eviden�e.� hy Trustors' note of even date herewith in the principal sum of ".
<br /> •���;;;;,,'� $8U,000.00,together virith interest at the rate or rates provided therein, and any and all renewals, modificadons �;�
<br /> � and extensions of such note, both principal and interest on the note being payable in accordance with the terms
<br /> set forth therein,which by this reference is hereby made a part hereof;
<br /> � , .,� b. The performance of each agreement atid covenant of Trustors herein contained;and
<br /> c. The payment af all sums advanced by Beneficiary under the terms of this Deed of Trust, togeiher with
<br /> � interest thereon at the rate provided in the note
<br /> � d. The above amount is secured even though all or part of it may not yet be advance.Future advances under
<br /> � the agreement are contemplated and will be se�ured to the same extent as if made on the date this deed of trust is
<br /> . � executed.
<br /> TO PROTECT T�i�SECURITY OF THIS HD�ED OF TRUST.TitYJSTORS HEREBY COVENANT AND AGR��:
<br /> . � 1. To pay when due, tae principal of,and the intetest on, the indebtedness evidenced by the note,charges,fces and all other
<br /> �' sums as provided in the loan instn�ments.
<br /> � 2. Tn�stors are the owners of the propecty and ha�•e the right and authority to execute this Deed of Trust in respact to the ;�.
<br /> propercy. �::'��
<br /> 3. To pay. when due, all taxes, special assessmenu and all other charges against the property, before the same become :
<br /> dctinqucnt. Trtestors sh31!pay�II taxes and assessments�r�hich may be levied upon Beneficiary's interest herein or upon this Deed of ���.,. ,
<br /> � . Trust or the debt secured hereb}•.«ithout regard to any lan•that ma}•be enacted imposing payment of the whole or any parc thereof
<br /> • npon the Benefic�ary.
<br /> 4. To keep the improti�ements now or hereafter located on the property insuced against damage by fire and such other hazards as
<br /> the Beneficiary may require.in amounts and companics acceptable to the Ber.efician�.Such insurance policy shail contaiit a standard
<br /> mortgage clause in fa�•or of Benefician•. Trustor shall promptly repair. maineam and replace the propertp or airy part thereof,so
<br /> ' that.except for ordinar}�w•ear and tear,the propert}�shall not detcrio�ate.
<br /> S. In the event the propem•. or any part thereof.si�all be taken by eminent domain. the Beneficiary is entided to collect and
<br /> .'�"� receive all compensauon which may�be paid for ar} propem� talcen or for damages to property not taken, and the Beneficiary shall
<br /> '' . �' , appl��such compensauon.at its option.either tc a.r�duction of the inaebtedriess secured hereby.or to repair and restore the property
<br /> so taken. ,
<br /> b. The Benefician• may. but sf-�it ha�c no abligation to. do any act winch Trustors have agreed but failed to do, and the
<br /> r;'�
<br /> � Beneficiary may'also do any act it deems necessary to proteci th�lien hereof. Tn�stors agree to repay,upon demand,any sums so �;,,
<br /> � expended by the Bcnefician•for the abo�e purposes.and am•sum so cxpendai shall be added to the indebtedness secured hereby and
<br /> �___�_ _..,.....a �.. .�.,, �..., r�..u,r Th� �nc£cian• shall no incur anr• liabilin• because of anything it ma}•do or omit to do
<br /> � �,..�., �.,..,...,.. .., ..._ -•-•- ••----• �--- -- • r -
<br /> hereundet. I
<br /> 7 The Benefician� shall ha��e thc r►ght,poucr and authorih�during the mntinuance of this Deed of Tn�st to collect the rents. I
<br /> ; �ssues and profits of the propem and of any person3l propcm•loratcd thereon��tith or without taking possession of the property ;
<br /> � affected herebc.and Trustors hereby absoluteh�and umm�dmonall�assign all such rents,issues and profits to the beneficiary. The ,
<br /> � benefic�an•.how•e�•er. hercim m�sents to Trustors' colle..-t�on and retention of such rents.�ssues and profits,so long as Tnutors are
<br /> no� at such time. in default w•ith respect to pa}�ment of an}• indebtedncss sccurcd heretn�,or in the perforniance of any agreement
<br /> ; hereunder. If anc e��ent of default descnbed heceaRer in respect to this Dced of Trust sha11 ha�e occuned and be continuing.the ;
<br /> Benefician•.as a matter of nght and���thout nouce to Trustors or amone claiming under Trustors.and w•ithout regard to the�•alue of
<br /> the tn�st c�tate or the mtcrest of the Truston thcrc►n. shall ha��c ihc nght to app[��to an}•court ha�•ing jurisdiction to appoint a
<br /> recei�•er of the propem•
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