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<br /> DEE� OF `TRUST _s � -
<br /> THIS OEED OF1�9lbST IS A�NSTAUC710N 8ECURfTY AG6��Q�T • ',S'r:`�`;
<br /> .: ?`i�;:���
<br /> WITHIN THE 1�1ELA,N7P�7G O�T�E NEBRASK/1 CONSTRUCTION i.lE�7/�R:T , , ., . .
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<br /> 'iHIS DEED OF TRUST IS DATED APRIL 8. 19�4, amon� HARCLD SCFIMADER and JEANETTE SCHMA�l�, „:t��t�+k g�.;"_�'',_
<br /> HUSBAND AND WIFE,whose addrcse la BOt��'D, WEST POtNT, NE 66788 (roten�ed to bef��u aa"Trod�or7, . .*
<br /> FARIIIIERS&INERCHANTS NATIONAL BANK,whose addross Is Z04 NOR1H MAIN�BOX 266�1'64�4 POINT,NE r�{'•�'
<br /> 68788 (reterred to betow somettmea aa "l.endu" and someWnea es "Beneflctarfl'�� and PARMERS d� �,�
<br /> MERCHAI�1T� �101T10NAL BANK, whoae address is Z04 NORTH MAIN WEST POINT. NE 687�8 (retened Yo `�� �` i
<br /> �„'�W!11{'T7J0�2E��. %�r1; c� - .'v
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<br /> " ��717EYANCE AND GRANT. F�vNwble ooral�dfon��v�dtzsrr conre�►s to Tru�tes In bwt,wtTH POWER OF S11t.E.Yor�he�ree31 ot �;;r,,::;� ,
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<br /> ' L�st�der at BOnenCtt�►.aY of TrustoPs d8h�. tltle, and itderent in and !o the faYawtrg desC�bed reaI DroPerty. topefher wNh ad exl�n� ar �;, .��� t.
<br /> subse9uenUy erected or attbred buHdfnps,improvemerds and fbctures:aD essemeMs.dDhLs ot wey�and ePPurtenances:aq watet�water dOMs�n�d .
<br /> ' ! dilch rlphts Andudinp staok ln utltitles with ditch a M9atlon righffi):and aa other rIBMs,royattl� and proRls retaHnp to the reat .tncl� . �.. `��;��'.,
<br /> I adThout pmttaUOn eU minerals.otl,ges�9eofhermal and simller matte�s.IOCBtl:d 1Q FlALL �OY�11yr S�C Ot NCbI'BSki� °�Ce� .�-.•��. ,
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<br /> LOTS ONE (1)AND TWO (a),SCHMADER SECOND SUBD1ViS10N, IN TflE CIYY OF GRAND ISUWO, � ,��.::��
<br /> ' HALL CAUNTY,NEBRASKA , ���;'�•,�'
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<br /> 'ffh�Reat Property or its eddress le commonly knmwn as 192b E.4TH.GRAND ISL.AND.NE 68801. • �`�,�y�
<br /> Vaustor PresonUy assipns to Lender(also known es Be�ary in thts Oeed of Trust)all of Trustor's rfgM,tltle,and interest in end to aII present a�d ���
<br /> iuture Ieases of tho Property end ell Rents trom the Property. In aAdlxon,Tn�stor grants Lertder a Unitorm Commerde�Code securily tnterest In the
<br /> ffients and the Personet Properly daflned below. -.,y•�;�;`�,�.
<br /> , ;i fi:��,r.
<br /> OEFtNIT10N8. The following words shell have!ho 1oSlowing meamnss when used ln thls Deed ot Tn�st. Terrt��at otherwtse detined ln tNS Oeed at ��
<br /> 'lnist shstt have thg meanlnps atGibuted to SucT torms in the Unnarm Comrt�cfal Code. AII refere�aes to dailar amourds Shall mean amoums in j�;} '
<br /> ��:.
<br /> � iawWt money of the United States of Amerlca. �
<br /> • gqle}kiary. The word'8en8fiderY' maees FARMERS 6 MERCHANTS NATIOPIAI. BA4VK, its Suooessors and asslgns. FARMERS 8 '(
<br /> � MERCHANTS NA7IONAL BAtdK a�so fs tetened to as lender'fi thls Oeed of Ttust. •
<br /> Deed of 7ruat. The wads 9eed of TnisY mean thls Deed of ltust amonp Tn�stor,lender,and Tn�stee,and Irsdudes wlthout 4miffiUon eA
<br /> i esslpnment and secu�ity Ir�erest Provlsions+eiatlng to the Personel Property and Ronts. ' _
<br /> • ��. �y,;:.,_r,�.�.�,,..w,.r+ �� t���noe ushn��t IImHaHnn,nmr and aiI ouarantors,surddes,8nd BoCOmmodetion paRfos In
<br /> ;-., connectlon wHh the Indebtedness. •
<br /> ' . � Improvemente. The wad 9mprovements'means and inciudes vrithout timftation aIl exisUng and future Improvemerds,falures,buil�nps, .
<br /> shuctures,mobtl�homes affixed on the Real Roperly.faalltles.addidons.repleoemeMS and other conshuctfon on the Real Property.
<br /> � tndebtednesa. The word'Indobtedrqss'rneens aN prfnapa�and Interest payabte under the Note and any amouMs expended or advarooed my
<br /> !
<br /> Lender to dlscherge obligatfor�of Trusta�r m�enses Incurted by Tnutee or Lender to entoroe obltgaUOr�s at Trustor under thls�eed ai Tcnest.
<br /> ;� logether with Interest on suc�+amounts as proJ.ded In ia�I)eed of Tnst In adOiUon to the Note,ttoe word'7ndeDtedness'indudes all
<br /> obAgations,debts and IIaCJi�sos.ptus Interest t�ereon,ot Tr;;st�r to Lender,or arry one e2 r^:�e of them,as wetl as eft�tair_s�y Lender against
<br /> ' i Tnistor,or any one or mere tt mem,whether�ow epstirtg o•++e�eaRer arisirg,whether eeia:a9�r unretated to the parp�ot ene Mote,whether
<br /> � ' vduntary or otherwfse,whett�r due or not due,absWNe or�antlngeM.�iquldated or urtGqm�a'e0 and whether Truste�rnap no�aC�e lndmdually
<br /> or jdMy wlt'h others,whetRer o4�i3e!e�as guare�tor cr other.v+se,�.^.0•rrhetrier recovery upon such fa�et!eCrt�rray @a ar nerCa4..ar^�y
<br /> becoteae Qs.�rEd by any statute of IitnitaCans.8ad whether suCh IndeLC��:.�ss may be or her�e8fter may I�eeome ottoervvfse urtert'nru�a3�e.
<br /> � Speaflc2�yr,without lirt�fation,thts Deed at Tnist Secures.In adQihon t�t�.amouMS speCrfled In the edote,ell futttre errtau�s i.enaEx�a �
<br /> � dsoreUan may Ioan to TrusSar,taQether with aIl interest thereen;however,m no sveM sRa7 s�h future adva�`�xdtcdi�"trRe�est)exeeed in
<br /> me aQSreBace f�ao.oQOno. Ytne lien of thts Deed of Trust shalt not�ex� �t a�ry one tUne 5195�er.00•
<br /> , Lu1dEt.Thg word 18rtder'means FAAMERS 8.MERCHAPfTS tdAT10NAt BANK,iG Sr�SOB and essigns.
<br /> 1 ..._. .�.0. .m. aao 40n� .o.3�d�ea� nrnaeutift n} ST2_O�A..OIII troen Tn�stnr to Lender.
<br /> AQIC. �fIQ w{NY NViII tilCViw u�G we�>ww.v^n.��r ^ � y•�•••�•T� _.
<br /> ' together with a0 n3rt@'x8is. extens�arrs.maQr.4catons. ref+nBnGngs, artd su0strtusotrs tor the Note. NOTICE TO TRUSTOR: TF� NOTE
<br /> CONTAINS A VAidOR��SY�AY1E
<br /> . � pCts�til i�0{fErtY. The words'PetSOr�t ProperN'me�n aI gquipmen�fatures.end o4S18r ertiC�9s Ot persOnel propetly nOw 0�here9fter
<br /> owned by Trustor.and now or hereafter ettecheQ ar aflU:ed to the Real Roperty;togettser wrth eIl 800essior�,parls.and addfio+�s to,ett
<br /> tepl8pements ot.end eA substitutiorts for. any of such prope�ty: and togett�er with e11 proceeds linduding wnthout Iimiffi6on all insurance
<br /> � prooee�s and retunds of ptemfums)trom any sale or other disposiCOn of the Properly.
<br /> iRoperty. The ward FroPerlY means�YeH the Real ProPeM and the Pcirsonal Property.
<br /> RWI Ptpplrly. The words'fieel Ptoperqr mean tAe PropE+h.Interests and rigMS descnbed abrnre tn Me"Conv�eyanoe and GrertY section.
<br /> ' i p�fld ppWme�►ts. The wards Related DaCUrt+ents mean and�ndude wdhout umrta�on atI promasory noles. credR apreements.�oa^
<br /> 8�reemenl5.Quar&nUers.securdy agreement5.a►oRp88es.deeds of trust and elI other instruments.agreertwnts and tloctrments,whether now w
<br /> � hgreg}ter 8xl5ttnp.6xgf,yt,ed fn ConneC4on wdA tha�n�tebt8tlng55.
<br /> . � Otentt. The word'Renb'rt+eans a�present an�hiture rents.revenues.�ncome.�SSttes.royaRres.Rrofit5.and omer bertefits denved trom the
<br /> PtOpCirly.
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