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<br /> _ _... :�:..�_. • D�ED O� '1�'�iJ�'�'
<br /> �,��ri:�,:,'.:.;:-,�;� .
<br /> A-'=—�°, :=a:��. This U�ED OF TRUST is made this 3rd day of I�a�•cte, 1995, by and �mnn� McTAVISH :
<br /> -�- �""`� � BROTHERS PARTNERSflIP, a Nebra�lca general pArtner�hip, hereinafler ref�rred to as "Tru�tore," �
<br /> ;:-,��z� :. �. �
<br /> i.:�.:.. .
<br /> -.��-,_y , VVood �"6 N
<br /> - -_._,;,: whether one or more, whose mailing address is 1�700 aWes¢4�YiicGwoo�DDi�i�+e, .���r. e�a¢�aslsa 6i�8 ;
<br />;`-=�-.�'",�<��=�``'� TIiE STATE BANIG OF CAIRO, A NebrA�lrad BAnkdr�g Corporation, hereinRfter re�fereeti to as "Trustee," -
<br /> . �'
<br /> �:i:�t.� whose mailing address is Hox 428, Caira, Nebraska 68824; and THE S'fAT� I3APIf� Or �AIItO, n
<br />-�r-� �`��� i�IebrA�kx BAnkina Corporatlon,hereinafter referred to as "Be�nr.fciary," whosa mailln�addreas in Boa 428, .,
<br />: �=;
<br />��� �:;�� , GAiro,Nebrxskw 68824.
<br />`::,'}:�" : �';,� For valuable consideration, Trustors inevocably gcacze, tsansfer, convey and assi�n ta Tn�ate.e, in truat, �
<br />-" � ' � `:' � with power of sale,for the benefit and security of Beneficiary, uit�er and subject to the tQ�rnA and conditions of °
<br />��- � `�` tius l3eed of T�ust,tlte following described real property located in IIALL County, Nebraska, ��;;: _ __
<br />:Y � � .
<br /> . 'Y,' V. _�y '
<br />�.__ .:..���.
<br /> '���t;�?u�Y'*;;,�.: p parcel of land located in the Northwest Quarter(NW 1/4)of Secuon Nine(9),Township Ten(10)t�orth,Ranae ;.
<br />"`'" ' --' �' Eleven(11)Nest of tfte 6th P.M.,Hall County, Nebraska,described as follows: Commencin&at the Nortt►��•est �• '�•
<br />•�:�'.-. . .k -
<br /> "� corner of SecUon 9; thence N89°56'20"E, 1,599.89 fect to a point oj►the notth line of Scction 9:tnd the nottlierly �;.'-.��.fik;;;•_
<br /> ; +�,��i�'=, 's---
<br />= . . '�` ternunus of a 30 foot widc eascment for ingress and e�ess;thence So0°13'40"W along tho ccnterline of said 30 , + ,:,;,,;1;�.,�_'��",
<br /> •1,��
<br /> foot�vide easement 1,170.43 fcet to the southerly torminus af said casc:ment and thc true point of b�,ginning;thcnce �' ;,.s!,�.�s��""°�-_
<br /> .; K� N89°07'00"E, 353.7_d fcet; thence S00°OS'3Q"E, 531.9G feet; tl�ence N89°36'AO"N, 507.GS feet; thence � •. ,�_. �
<br /> �• N44°16'30"\V, 102.62 fect; thenc,� S80°52'SQ"W, 3G7.23 feet; thcnce S30°02'S2"W, 63.35 fcet; thertce `�' ��"'�"'`'�'''�'�
<br /> _ " " �� �-?.;�.:'�':'r�
<br />-T:x' �- ;; S55°33'32"W, 103.72 fect; thencc S87°SS'A2"W. 220.52 fcet; tlicnce S89"57'SS"W, "s2�.t5 fcet; theu� � •� �:,_
<br /> ,;' ..1 ` S45°41'S2"W, 191.76 feet;thence S84°15'40"W, 194.43 fc.�;t to the wcst line of the NW 1/9 af section �,thence .;,����_-
<br /> ' .;.`, north along thc�vest line of said section 269.S7 fcet;thence Nfi 1"37'32"E,655.10 fcet;thenas Nb&'14'32"E,A77.00 ,'k':,F;��°�
<br /> " .;,; .r�,:�
<br /> feet; thenc�N85"Ol'10"E,566.3Z feet:thence NO2°U9'20"E, 55.uII feet;thence S89°17'W"E, 1a.70 feet tu the tnte : �F ,_..,�___
<br /> �,�
<br /> �;� point of 6eginning, . _��;, ''
<br /> �r
<br />__ _ �� '.:��ti�.•
<br /> . ���:��t� � together with all buildings, improvements, fixtuce�, streets,alle s, passageways,easements,n�ttts, privilcges and
<br /> Y .'3,,�`
<br /> `'�;;F�,�r� � appurten�ances located thereon, and all personal property tliAt may be or hereafter become an inte�ra!part of such -
<br /> all of which B p .r��
<br /> � � �.�; buildings and improvements, all crops raised thereon, and �11 water rights, , includin re lscements �
<br />�-:�', ���. � and additions thereto,are hereby declared to�e a part of t�ie re�tl estate conveyed in trust hereby, it being agreed '�
<br />'-'�` ••� � �. :'` � that all ofths foregoing shall be hereinafter r�ferred to as the"Property."
<br /> •-�.:,.�.; ..,�..,,� ' �
<br /> ••;'-'y<:�>
<br />,::,,,i..:.,>,,,'•�::�;�',;.
<br />.,_.,.�.,,�,,;,,,.,,.; „ FOR THE PQJIBPQ?SE Or SECURING: � ��
<br /> �
<br /> ,• �� ' , � a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal aum of
<br /> �a�'L .:� ' ���..6, $30,000.00, together with interest at the rate or rates provided therein,and any and all renewals, modifications �_
<br /> _.w.....:. . . ..... .
<br /> .��.;,,..,..:„� and extensaons of such note,both principal arid interest on the note bein�payable in accordance with the teime "�" J��s
<br /> - .>.�.. � " set forth therein, which by 4his reference is hereby made a part hereof; __ .�. _-
<br /> ,.� `..�'��'� b. T h e p e r f o r m�ce of each a greement and covenunt of Trustors herein contained; and =-=_ -
<br /> .,.. , '~f e. The payment of all sums advanced by ��neficiary under thc terms of this Deed of Trust, together �vith -- _ __
<br /> interest zhereon at the rate provided in the note. __- --
<br /> � - d. The above amount is secured even though all or p�ut of it may not yet be advan�e. Tuture advances under
<br /> ��'� ',` � the agreement are contemplated and will be secured to the same extent as if made on tha date this deed uf t�ust is �_��—�
<br /> - �' ' �' �'° exec�ited. �� �
<br /> � ����.,�.�...-
<br /> .���'�. 'l.... . .i'..t— _
<br /> ,.,��I..J''. ' :�C
<br /> ' ,. TO PROTECT THE SECURITY OF THIS UEIEID[3C�'�R615T,TRUSTOR.S HE�tl�Y�1'COVCNANT APID AGItEE: _�'`�'�".��,'I,�.�
<br /> ..•..:.,.:�.�-�.
<br /> ' � y 1. To pay�vhen due,the principal of,and the interast on.the inc�ebeed�e�s�•icl�:sx,:d by the nate, charges, foes�nd all Q7dtCS ="-�y*���-;
<br /> i,
<br /> �� sums as provided in the loan inst�uments. • ' '
<br /> •�;;' ,
<br /> - � •� '' 2. Trustors arc ihe o�vners of thc property and havc thc n6ht and autlrority ro cxec.-e:� tliis Dced of Trust in respect to t?�e
<br /> . ' ; prope�ty.
<br /> . . �� 3. To pay, when due, all taxes, special assessments and all alher chur�es against the property. before the same become
<br /> � � dclinquent. Tnistors s4eu11 pay all tal.es and assessment,�vhich mf►y be lwied upan Bencficiary's intexest heriein or upon this Daxi of .
<br /> - TruM or the debt sccured hereby,without regard to any law that mf►y be enacted imposing payment of ttte tivZiole or any pazt thcrcof
<br /> : _ • •, m '
<br /> ~ � upon tt�e I3Ge�eficiary.
<br /> ...
<br /> `_-- _ y e r�r�,M tne�mnroveruents nn�v or hereafter located on the properiy insurcd against duma�c by fire and such ot[ter ha��rds as
<br /> �`~� th�Beneficiary may reyuire,in amounts and compa�ues acoeptablo ro the Beneiiciary,Such insurauce poucy sn�ii concain a siand:�ni ° —
<br /> :.;.,,�ri`;.
<br /> _ _ _ mortgage clause in favor of Beneficiary. Trustor shall promptly repair, mflintuii�and reptace the propeny or any part thereof, so
<br /> � �. � � ma �vcar andtcar,die io�erty shall noi detesiorate. � � ••
<br /> , that,exccpt for ord ry P {
<br /> .-:. 5. In thc event the property,or any pari thereof, shail i�e taken by emincnt domain, the Beneficiary is cntided to collect and I
<br /> 'A:='' receive all compensation which may bc paid far any property taF:en or tor damages tn prolxrty not taken,and tl�c Beneficiacy shall
<br /> � ,": apply sucl�uompensation,at its option,cither to a reduction of the indebtedness s�cured hereby,or to repair and mstore 4he propeny i
<br /> � • so taken. �
<br /> ". 6. Titc Hcncficiary may, but shall ha��c no obligation to. do any act whici►Tnistors hati�c agrced but failcd to do, and thc
<br /> � • , �eneficiary mny:+lso do any act it dcems necessary to pratect the licn bereof. Tnistors agree to re:pay. upon demand, any sums so �
<br /> __ .. � expended by the BencTiciacr•for thc abovc pu�poses,and any sum so expended shall be added to the indcbtedncss secured hercby and j
<br /> -• .� becomc sccurcd b}•thc licn hcrcof. T'hc Bcnc6ciary shall no incur any liabiliry bcc:iusc of anytiiing it may do or onut ro do i
<br /> . � •'.'; ��. hcrcundcr. ,
<br />
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