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<br /> " This DEED OF'!'CtUST i�m�e thi� ��t6 d�y of JuMC, 19�t.bl► ac�d��mo��1�1tY W. HOVHDIGN „
<br /> trd WIViAN S.BoOWDEN,hwba�d sad w�Ke,hZrrliuftec refexrod to aa"Trueton," whettta.one a�'mare,
<br /> whoae mailing addae�a is RoMta i Hos al�, C�iro� Nebr�+ic�6fi?,I�TflE STA'!'�HANIC OP CAiI�,a
<br /> Nebe�lRa �nkiK �;orpora4iet�� ire��;;u�4Er �cf:.rr�d to a; "'�a,c,+e*,�• w1�se m�lina addres�ie Boa��?�S, _ �
<br /> C.�iro, Nsbayueia 6�44; and THE STATE BANK OF �AIRO; w Nebrsiks ��IcGs� C�rpo�rati�.
<br /> t�seina�i;er referred ta aa"Benetki�r,�.��whose meilirtg address is�a�42s,C�eiro,Nebt'��6�24.
<br /> For valuable conaideixtion, Trusiars Irrevoeably gra�ut, aansfer,convey and essign to Trustoe,bn truat;
<br /> with power af sale, for the bonefit end security of Beneficiary,under and subject to the tenns and conditions o€
<br /> thfs Dccd of`Trust,the following descn'bed real properry located in HA1�L CountY,Nebraska:
<br /> A1nc�otl�ndcamproia6apxloftheSanhwi+�Qu�uta(8W 1/4)of3atim 14.Town�bi�p11 NoAh.Rmr�o Il,Wat ofthe Nh P.M,HtllCaaity. _
<br /> »d,r.�+,.,ia s��a�v��u��eod"ronoM�: w�t,nc«�oe a mc sw��e c�+s��x�cQ csw ua>,dw000
<br /> �ym1�m�n uamed baainB of N 00•40'38"E far�dkut►co of 50.7 feetwa point on tlaNathrigdtcf-way lu�eof Shte�3WR 1 4 far 1367.�99
<br /> �1+obaieRtboaafudY0AZT4�PHE81NNIt�(3;1hKfrow�E6win6 N00 40'3E"Ean�ha WegiimoYsilA3auQ�welQwtt ( )
<br /> ; �'WR to sppitit7i0afl0 fa1 SatAht[y from�hO Nw°°era°tsaid S°►ah�e�Qu�1a(gw ll�r ttrooe 8 8S'3T 36'E tLr 733.6�feaq ttwnoe 8 38• _
<br /> � ' . 4916"E�&?8,10 fazt;lt!b�{�86•OS'30•E for 443.i7 fa�thet�oe S l�QS'.03"W fa M6.91 foe�tlia�co 81�1•3F'Z2"W fa 91{.41 lbe� _
<br /> tli�&09°:�`�!"E 1bs S]3:7b:ttd m R podN oatbo Natb l'me of aid B�Fli�vay ilx then�e S 89'28'06"Woi�tho AicAh line aPs�id 6u�e = -
<br /> ,. �. .,��iighwap�:for.3d1�+37fgcx•)o�ha�1N'F�PHHQR�ININ(;;�o9daractcoataiaina�4.184RCte3 itlOneorless,iL��VESt�YAy33.�,SCQi,.. _-
<br /> ., •`jtiafopf�t�in�:Cbtm�'roud ti$tir-of:�vuy; .. ' ,..
<br /> ' .. , streets,alleys, PassaBewaYg,easefn�nts,righta,Privileges aad
<br /> wgetber with a9I I�uildinga,in►Provemems,fixtures,
<br /> app�rt�nances located thereon,and all personal property that may be or hereafter become en irtegral part of such
<br /> buildings and improvemen#s,all crups raised thereon, aad all water rights,all of which, ineludiag replacemarts
<br /> nnd additions thereto. are hereby doclered to be a part of tha real estate conveyed ia tcust hereby.it being agreed�
<br /> that el!of the foregoing ahall ba hereinafter refcned to as the"Property.'
<br /> FOR THE PURPOSE OF SECURING:
<br /> a. P�yment of indebtedness evldenced by Tro�atara' note of even date herewith in the prficlpal aurn of
<br /> S2g,000.00,together with interest at the rate or rates provided tl�ereiu,and arry end all renewals, modiflcations
<br /> and exttusions of such note,bath principal end interest on the nvte being payable in accordance with tho terms
<br /> set forth thereiq whicb by this reference is hereby made a part hereofl, -
<br /> b. 'The performance of each ageement and covenant of Trustors herein contained;and -_
<br /> c. 'The payment of all sums advanced by HeneSciary under the terms of this Deed of Trust, together with �i�
<br /> interest thereon at the rate provided in the note. E�---
<br /> d, The above amount is secured even though a11 or part of it may not yet be advance.Future advances uuder
<br /> the ageement are contemplated and wili be seeured to the same extent as if made on the date this deed of truat is �_
<br />� executed.
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<br /> Tp pRp't7�CT T�E SECUEti'1'Y OF TBLS DBE�OF TItUST,TRUSfORS HERESY COVENANT AND AGItEE: ,�i
<br /> a`
<br /> f+�r��-
<br /> 1. To pay when due.the prindPa►o�ansl the interest on.the indebtcdness e��nced b�'� aote.charges. fees aad all other „�,
<br /> ,f•..,
<br /> sums as pravidad ln tbe loan instcuments.
<br /> 2. Tnisto'is are the owners of the pTOperty and have the right and Anthorlry to execute this Deed of Tcust in respect w tbe -
<br /> Pi�Y• S� a;� and all olher cl�arges against the ProPert�', before the same beoome
<br /> 3. To pay. whcn du�, all texes. .
<br /> t�elinquem. Ttustors shaU pay all taxes and assessments which may be levled upon Beneficiery's nt of the whole or a:►y part�e�'�f
<br /> Teust or the debt sEx�ued hemby�without regard to anY law tl�at may be enacted imposiuS P�
<br /> upon the BenrTiciarY• p ��e���mage by fue and such other hazards as
<br /> 4. To keep the imprmements aow ar hereafter located on the scperiY
<br /> tho&ne&cia�y�Y�quire>in a�nounts and oompanies aoceptable to the Beneficlary.Such insuiai►ce peticy shalanynp n�dard
<br />= tnortgage clause!n favor of Beneficlaty. Tmstor shal!pmmptly repair.malntain and reptaoe the proP�Y
<br /> that,excapt for ordinary�ar end tear•tlie Prop�rt3's�not deteriorate.
<br /> s, Iu the event the propesty. or aay part thereof, shall be takc�►bY eminent domain.the Heacficfary is entitled to collect and
<br /> reoeive atl epmpensation which may be Pald for aay P�PErtY�or for damages to proPertY not taken.and the Benefic[aty'shalt
<br />-- apply such oompensation,at its option.eltteet to a reduction of the indebtedness saured herehy or to repair and restore the property
<br />- so taken.
<br /> G. 'fhe Beneflclary �tu►Y• but s1►a11 ha�'e no obllgaflon to. do a�►y act which Tustors have agreed but faitod to do, and the
<br /> getteg�la,ty may also do any act it deems necessaiy to pmtect the lion hcreof.Q�T��ors�t ��u����hcreby and
<br /> e�cpended by the Bcnefic[acy for trie allove PaiPos�s•u.tu s..��:.a•,�:e...:....�____------
<br /> cpend �'
<br /> beoome secured bY the lien hereof. The BeneficiatY s6aU no Incvr any tiabiliry because of anything it may do or omit to do � ,
<br /> h�reunder. w��nd authorhy during the oominuence of thia Deed of Tn�st to a�llect the rents.
<br /> 7. "The B�►etldary stiatl have the right,P� nal ro located thcreon with or wtthout taking possesslon of the p?o�eiiy
<br />_ issucs and ps�8ts of the pmpeaY and o4'anY P� P P�Y
<br /> �ei,ed heteby,and Teustors horehy absolutely and unaondidonally assi8n a11 such m°ts.iss��s and proSts ro the benefida�y. 7'he
<br /> ;bp��ry,hp�vevcsr,hereby conse�►ts to'Tn�store'o°lloction and retention of such rents,issues and pmfits.so lon�as Tn�stors are .
<br />'— adt,at suc�►timo, in default with cespect to payment of any indebtedness secured heteby,or fn the perfortnat►cx of any agreement
<br /> ��Q�i, t�ac►y event of default described hereafter in respect to thls Deed of Tn�st shall t�ave aocurred and be continuin&the
<br /> HeneficiarY,as a matter of right Ftn:d wlthout notice to Tcustors or anyone claimiag under Tcu c��n$,��&�to app i�nt°a .
<br /> the trust estato or the Interest of the Trustors therein,sha11 have tlue rigM to apply to a�ry
<br />— reoafver Qf the propeitY•
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