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<br /> • �- f'�' March 94 Ricicy D Stelk ' " � °`'" ��
<br /> •••.� ;�. = •- : TNIS TfiUST DEED�en�le this�—Qay ot. - - •19 _..�by artd flmong • • ;�. ., . .. , . ,,� .
<br /> '� �'�� � a ein le �peraon 47Q1 ��� Hueker Hwy Alda, I�JE 68810 •
<br /> ,::, whose matl�ng ttddresa is ., - • � '��'
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<br /> " (herotn'Trustor");andlW�f M�01l1fA who�e malting addresa fs P.O.Box487,Wood Rlver,Nebraska 88E83,(hcraln"Tn,stes;'and"9enettciary„). �;.1;:; ;
<br /> . WR VALUABIE CONSlafRATIQAI,includir►�the indebtednesa irtdomified heroin and Me truat hsrefn ueate�,the�eceipt of which is hareby , . � • �:
<br /> adcnowled�ed,Trustor tnevocably graMs,t►enders,canveya,and aaalpns to Trostae,iN YRUST,WiiH�BWIFR OF SAL�,far tho Es�naP�t and ;�;
<br /> security of Benatictory,under and subjoet ro the tem�s and conditiona of this Oeed of 1nnt,the reel property Ee:uibed os foilows� ' `� �
<br /> , ,." ,;�.., .. :
<br /> All of the East Half of the Northc�est Quarter (E2NW4) of Secti.on Thirty-four (34), , --- .
<br /> Township Eleven (11) North, itange Ten (10), Weat o� the 6th P.M., lying south of the ^�
<br /> right-of-way of the Uriion Pacific Railroad Company, all in Hall County, Nebraska, except .
<br /> -. . � a tract of land deeded to Williem L. Harrieon in Warranty Deed recorded in Book 116,
<br /> ' Page 269, more particularly described as followss One-half acre o£ land off the east
<br /> aide of the Southeast Quarter of t4�e Northwest Quarter (SE4NW4) of Section Thirty-four
<br /> (34), ToFmship IEleven (il) North, Range Ten (10), Weat of the 6th P.M. , in Hall County, '
<br /> �, Nebraska, being a strip of land 80 rods noreh and south and one rod in c�id¢h.
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<br /> �; :•.�> TO�FTHER WITH,oU rents,praiits, royalties, income and other benefits derived from the reo9 property;ull leases or subieases covering the �.:�,;,�; �
<br /> .,��^��ti5�, .. real property or any portion thereof,now ar hereafter existing a entered into,cnd all right, titla ond interest of Trostor thereunder, all in- r�4°.;;;�f •
<br /> . ,+ �i�`-"� [
<br /> ' • .�w terests,estate or other cloims,both in law and in equity,which Trustor now has or may hereefter aequire in the real property;oll easements. .;}.����,; � ...:;.,�
<br /> � .4�,; rights�of-way, tenements,hereditoments und appurtenances thereof and thereto;all oil and gos rigMs and profits,woter rights and wate� };:
<br /> . srock;all right,title and interest of Trusror,now owned or he�eafter ecquired,in and to any land lying within the right-of•wey of any street or ' ����•:4,t;�,1
<br /> )'c;;s��� . ;;.i�.,
<br /> , �::..fi highwuy udjoining the real property,any and all buitdings,fittqures, improvements, and oppurtenances now or he�eafter erected thereon or ` p�; �
<br /> �'���� belonging thereto,lherein referred to os"Improvement"a"lmprovements");cnd any and all awords made for the taking by eminent domain
<br /> �.:;•, ='�4
<br /> or by any praeeding or purchase in lieu thereof,of the whole or any purt of the real property• .
<br /> � All of the foregoing estnte,property and interest�hereby conveyed to Trustee herein collectively refened to as the "Property". � • ?f�
<br /> ' ��:�'�..
<br /> ',�s�.,,�, ~ THIS DEED OF TRUST SNALL SECURE: ' �'
<br /> "" • -• (o)The payment of indebtedness evidenced by Trustor s note of even dote he�ewith in the principel wm of 65 000.00 I •, �J�
<br /> ;1:,�'"E�,. ',i SIXTY-FI1/E 'fHOUSAND AND NO/100°_-------°----------------"---=Dolbrs tS � 1. �.
<br /> .;�iF+:r;;,•. `�`�
<br /> � . together with interest at the rete or rates provided therein,(herein,together with ony and nit renewats,modificotions,and eztensions thereof, � ,;
<br /> ::v,:.,, �ri;���"'��.
<br /> ' ;�;;::t referred to as the"Note")both principal and interest on the Note being payable in accordance with the terms set forth therein,reference to � . ,,��.,,,
<br /> � � '� �'� which is hereby made,the finol poyment of printipal ond interest,if not sooner poid and if no renewals,modif;cotions or eztensions are made ; :!t��;,.'..
<br /> , � .,�•,��,
<br /> ``�����' � � due ard payable on March 1 2001 _ � -- ------� � ,;��.,..� . ..
<br /> ,�+�'S (m)�he performance of eoch agreement and covenant of Trusror herein contoined;and ��f.`� ..:���.� : . .
<br /> t,��ti_ (c)The payment of any sum or sums of money with interest thereon which may be hereafter pa�d or advanced under the terms of this Deed of (+.;;,:;;;''� � .
<br /> '/, :'f�;�;, Tfi1S1. � '� '.4't?"�''.
<br /> ��:,�� � � . '��i:'�: :;•
<br /> (d1 The poyment of any future advances necessa+y to protect the security or any future advance made at the option of the parties:ond �. •"• ::.:. �,
<br /> . y_�J•n s�4:li.
<br /> fe?The perfwmance of an obligation of any other person nomed in this Trust Oeed to o beneficiory. �; .. ,
<br /> 80 PROTECT THE SECURITY Of THIS OEED OF TRU51,TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS: �. � '
<br /> • 1,fopnem of Prindpa!and IMerost.Trustor sholl promptly�oy when due the principal of ar�d interest on the indebtedness evidenced by the ,',., , .
<br /> Note,ond all other charges and fees as provided in the Note,and the principof ot and interest on ony Future Advonces secured by this Deed of , .
<br /> Trust. � . •
<br /> 2.tilano�of TiNo.lrustor is lawfully seized and possessed of gaad prtd indefeasible titte and estote to the Property hereby conveyed and .
<br /> ��'.'�<<',. h�s ehe right to gront and tonve�she Property;the Property;s��ee and cleor of o�l liens and encumbrances extept liens now of record; and ',•�'' '
<br /> �r}•,'', . TfUS10�WIII warrant anA defend 4he s�sle to the Property against all cluims and demands. !� •
<br /> � 3.Nldetes�anso cn�Qompljmsce ritG Law:.Trustar shall keep the Property in cyood condition and repoir ared sfiull not cemmit wuste or p2rm�t � , •
<br /> impairment ar des�r�eretion of the Property aRd shall comply with the provisians ct any lease if this Oeed of Teust�s on o leoseho�d.No imprcve- �
<br /> rrta�rrow or hereafter erected upon the Property shall be alrered, removed or demolished without the prior vrcitten consern of Bertef�ciary. '. _ •
<br /> Tr�stor shall comply with o16 taws,ordinances,regulations,covertants,conditions and restric9�ars affecting the Property ond rtot commit,suffer, �
<br /> � or parmit any act to be dorte irt or upon the Property in violotian of any law,ordinonce, regu'ar�on, covenont,condition or restriction.Trustor �
<br /> .�...0.........In�n�v•nefivn nrmm�flv nnrl in nnntl�nrkmnnlike manner anv imurovement on the ProDerty wfiith may be damaged or desfroyed ond
<br /> —..: ..— . -� ..,...r...�_. .__._._�._...,...,_.._
<br /> puy,wfien due,all claims for labor performed and muterials furnished therefore ond for any alterotions thereof.
<br /> • �� 4. Ineuranee.Trustor,at its expense,will mointoin with insurors approved by Beneficiory,insurance with respect to the Improvemems arrd
<br /> penonol property,tonstituting s5�Property,aguinst loss by fire,lightning,tornndo,and osher perils ond hazards covered by standard ext�nded
<br /> coverege ertdorsement,in en pnoun*equal to at leost one hundred percent of the fu11 rc-plucement vatue thareof ond insurertce agamst such
<br /> � other hetards end in such amounts os is tasforr.arily carried by o+mers cnd opr�rosors of simular propeAies or as Beneficiory may require for�+s
<br /> protettion.Trustor will comply with such other requirements ns BenQfic�nry may from t�me to time request for the protection by insurance of rhe
<br /> � irnerests of the respective porties.All insurance poticies n,aintnined pursuant to this Deed of Trust shall name Trustor ond Beneficiary os�n-
<br /> sureds,as their respetfive interests moy appeor,ond providQ that there shall be no cancellation or modification without no Iess than 1 S days
<br /> prror arritten notificotion to Beneficiary. tn the evern any policy he�eunder is not renewed on or before 1 S duys {uior to its erpirotion dete.
<br /> Beneficiary muy procure such insurortce in accordance with the provisions of perogropA 7 hereof.Trustor shoti deliver to Berteficiory the originol
<br /> policies of insurence and renewols thereof or memo copies of such policies and renewals thereof.Failure to furnish such insurance by Trustor.or
<br /> renewels os required hereunder shall, ot the option of Bene�ciory,constitute o defeult.
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