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<br /> � ���1D t3F T�IJST � °
<br /> Thi�DEEU OF'�RUST i�made thiy 16th dty of Aonwt, l99�4,by w�d�mur►�t JAM�9 A.SC�.UL?Z ... �
<br /> aad DONNA r. 5CAULTi�,hwb�id and wife,hesein�Rec rcfa�reci tp aa"Tru�tor�,�� whetha�ona�m�c�..
<br /> wltow maiUng atddress Is 11775 Wat Das R�Raid. C�iro, Nebra�5#824; T'�IE �TA'1'E �Ni� OF ��
<br /> �A1R0� !I�lLIT�lI� �q�ti�Pt;Di��i'A�iWf�i� 1►�YClnaftrx rcfcrrc,�1 to a. �"�xa.�s." r.�h��4 , � ���!r� i�+ ..
<br /> �x 42�,Cairo,Nebndu 6�Z4;and TH�S'CA,1'�HANK OF CAIA�,t Ntbriulu�lc�Corpw�tl�u,
<br /> herein�er nf�rred to es"Heuetiei�try."whose mailing address�e Box 4Za,��iro�Nebra�k�6�2�1. :�
<br /> For vsluable considerutdon, Trostors Irrevocably gant� transfa�,canvay sad aasiga to TrusGeo, in tc�is�,
<br /> with power af sale, for tbo benefit ana security of HeneR�Iuy, undar a��d sub�jact to the te,sms snd cocsditiona of
<br /> this Dad of Trust,the foltowing described real property located in�ALL.Coemty,Nebraske:
<br /> The Noith half of the Nortbwcst Quarter(N 1/2 NW 1/4)of Section Twenty-ant(21).Township
<br /> Twelve(12)North,Range Eleven(11)West oftbe bth P.M.,in Hall County,Nebraska, •
<br /> togather witb ali buildings,improvaments,flxwres,streete,aileys,PassaB�waYa eusementa,rights,pmrileges ar�d
<br /> appwtenances loaated thereo�,�nd all Pe�'sonai ProPen3'that may be or h�re�er become an integral part nf sucu
<br /> buildings and improvements, ail crops raised thereon, and all water righta,�U of which, including rapl�ts
<br /> and additions thereta.a�e hereby declared to be a part of the real estuie�unveyed in trust hereby.it being agreed
<br /> that aU of the foregoing sha11 be hereinafter referred to as the"Properiy." �� .
<br /> FOR THE PiJR�O5E OF SECUIt�N.G:
<br /> a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of
<br /> $127,000.00, together with interest at the rate or rates provlded thereln, and any and aU renewals, modiRcationa
<br /> and ea�tensions of such note,both principai snd interest on ihe note being payeble i�i$cctrrd�wi�ths t�
<br /> �� s�t farth therein,whicfi by this referenco is hereby•ma8e a part hereof;
<br /> �"��•:�t.�:. b. The performaace of each agreeraent and cavenaat of Trustors herein containod;end
<br /> c. The payment of all sums advanced by Beneficiary under the terms of this DEed of Trust, together wr�th
<br /> .-�"'��'�' . ,'ti interest thereon at the rat�provided in the note.
<br /> � " � d. The above amount is secured even though all or part of it may not yet be advence.Future advaaces u�tder
<br /> *` �'`"`�''`°'''"", the agreemeut are contemplated and will be secured to the same extens as if made on the date this deec�of trust is
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<br /> executed.
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<br /> ' � � TO PROTECT THE SECURITY OF TffiS DEFD OF TRUST,TRUSTORS HEItEBY COVENANT AND AGitEE:
<br /> .�4''.'•
<br /> ..• ... '�.';:,`�. fees and alt other
<br /> -�a���.ti«�>'`= 1. To pay�vhen due,the Pr�aciP�of,and the interest on,the indebtedaess evldenoed by the aote,charges,
<br /> �;r:%i:'��: sums as provEded ia the loan instruments.
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<br /> 2. Tn�stors are the owners of the property and tiave the aght and suthority to execute tLis Deed of Tn�st in respecs to the f•
<br /> r�',�::''�_� , p2{�1�1�.
<br /> P,;'.';.� . -, 3. To pay. when due, all taxes. speciai assessinents and all other charges ngainst the property, before the same become ,.
<br /> ��;�?*!^.�;.� � delinquent. Tnutors shaU pay all taxes and assessments which may be levied upon Beneficlary's interest hereln or upon this Deed of .�;jr::
<br /> •� Trust or the del�t secure�t heteby.without tegard to any law that maY be enacted imposi��payment of the whole or auy part thereof `��
<br /> ' . upon the Beneficlary.
<br /> "'�' 4. To koep the irnprovemeats now or hereafter located on the pmperty insured agains�t dataage by&e and sucl�other t�a7ards as
<br /> �: . the HeneAciary may cectuire,in amounts and oompanies aoceptable to the Beneficiary. Such insurance poliry shall contain a standard „
<br /> - _ . ,. mortgage clause in favor of Bene6cIary. Tn�stor shall pmmptly cepalr. mau►t�in and replace the pmperty or any part thereof,so
<br /> '''� � that,exoept for ordinary wetu and te.ar•the PmPertY shall not dctedorate.
<br /> '" � , • S. Ia the event the property,or any part thereof. sha11 be taken M'eminent domain. the Beneliclary is entitled to oollect and t�;
<br /> reaeive aU compensation whlch may be paid for any pmpetiy taken or for damages to property not taken.and the HoneRciary sball
<br /> � apply such oompensation.at its option,either to a roduction of the Indebtedness securcd hemby,or to repair and restore the pmperty `'�
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<br /> �, • so taken.
<br /> �� . .• , . 6. The Beneficiuy may. but shail 6ave ao obligation to, do any act which Trustors have ag�ead but failed to do. and thc � �
<br /> ..• . 8eneficiary may also do azry act it dcems neoess�y�to pmtect the llen hemof. Tn�stors ag�ee to repay,upon demaad. azry sums so
<br /> . e.�eteded by the Beneficiary for the above purposes,and any svm so expended stiall be addal to the indebtedness secured hereby and
<br /> ,� °. .. . beaome secured by the lien hereof. The Beneficiary shall no incur any liabiliry because of anything it may do or omit to do
<br /> •, h8[CWIdC[. -.`-j�•y-_��.t.�......�:.........r ..C.f.se ilma e�f Tn.ct en m11aM t1u!fEntQ
<br /> 7. �iiE�r Be.n�l�r�$���ver ule T1�IlI.�.T tIIt4 qUIINIltY YYSius uw waau...m...�. v........�.��- �.�.� '_�_" --' "..._.
<br /> �, .� issues and pmRts of the property and of any pecs4nal propertY lorata! thcreon with or �vithout taking possesston of the property { ,
<br /> affectecl hereby.and Tn�stors he�eby absoluteiy and uncflnditionaily assi�n atl such rents, issues and proIIts to the beneRclary. Thc
<br /> '� � beneficiary.ho�vcver. hereby oonsents to Tmstors'oollection and retention of such rents. issues and proRts,so tong as Tnistors are �
<br /> not.at such time, in default�vith respect to payment of any indebtedness secured hereby.or in the performance of any agrcement
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<br /> �� hereunder• V anY eveat of default described hereaRer in respect ro this Dood of Ttust shall have occurred and be continuing•d►e i�
<br />_ .. . Beneficlary,as a tnaner of right and wlthout no1ice to Ttustors or anyone claiming undet Ttustors,and without�egacd to ttte value of
<br /> � " the tnut es�ate or the interest of the Trostors therein.shalt have the right to apply to airy court baving jurisdiction to appoint a �
<br /> , . , ceaeiver of the property. I
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