|
'� � "�*�� _
<br /> : �,��w�ia�►A.`'�'�IM�. . . `�...
<br /> � . � �. DRCDC>F7TdUST j195� �.G,,��$!J
<br /> 7"his DEED. OF TRUST is made lhis 28te� dey of April, 1995, by and nmong.MICBAEL A.
<br /> PP.N0�5�ICZ ar.d PATRdCIA M. PANO�l'[CZ, hoaband and wife, hereiafter referted to as "Trnstors"
<br /> «�hether one or more, whose mailing address is ib2e18 Wcct �i'hite Cioud Road, Giro, Nebraska 68524;
<br /> TRd? S'!';\TE I3ANK OF CAIRQ-a Neh�raska IIvnkiog Corporatioq hereinafter referted to az "Trustec,"
<br /> whose m:iling address is Box 428; fairo, Nebraska 68824; and�7'RE S't'ATE BnNK OF CAIBQ a
<br /> N¢b:aska Banking Corporstioo, hereinafter refe,rred to as "Beneficiary," whose mailing ad6ress is Ba: 428,
<br /> . C^ia�, Nebrnsfw 68824. � � � � � � �
<br /> For caluable consideratioq Tmsto�s irrm�ocably grnnt, ttansfer, wmey and assign m Tmslee, in Irust,
<br /> with power oF sale, for tte benefit and security of B_neficiary, under and subject+o the temu and wnditior.s of
<br /> this Deed of Trust,the foLowing described real property lowted i�FIAI.L Co�nty,Nebraskx:
<br /> � 2F.e Southeazt Quaner (Sfi i/4) of Section 22, Townsnip !2 North, Range !I, West of the 6th -
<br /> Y 15_,Aall County, Pl�brzska, � and .
<br /> The North Half of the Southwest Quuter(N 1/2 Sl*' !;3) and the South Ha:f ottFe Northwest
<br />- �� Qcarter(S 1/2?olW I/4)of Section i!, Township l2 North,iiange t L, Wcn of ihe 6th P-M., Hall
<br />� CountyNebras:ca, �
<br /> to�ether«itn all buildings, improvements, fiatvres, stre?ts, alteys, passagev�ays, easements, rights, privileges ar,d .
<br />"��. zppurtenance�(ocated:hereon. arid ali persur.al property that may be�r hercafler become an integral part ofsuch � _
<br /> h��ildines ar:d improvements, aIl cmps raised thereon, end sli water ri6h[s, all of which, inc;uding replacements
<br /> uid additions theretq are hereby deciared to be a part of the real estate comeyed.in tn!,t hereby, ii te:ng nqreed
<br /> thzt all of the foregcir.g shall be hereinafter referred to sa Ihe"Pmpeny."
<br /> FOR TfiE FURPOSE OF SECURING: -
<br /> a. Pavment of indebtedneas evidenced by Trustars' r.ore oi zven date herewit6 in the principzl sum oF ,
<br />� nA�� $I6SN�}r..07, together with i�terest at the rate o:rntes provided tLerein, and any nnd ail renewais, modification� ,
<br /> (��� and extensions of such note, eoti� pnncipal snd inrerest on the note being payable in accordance with the terms
<br /> se:fonh therein,which by this reference is hereby made a part�hereof, �
<br /> b. The performance ofcach agreement and covenant of Trustors herein contained; and .
<br /> c The payment of alt sums advanced by Beneficiary under Ihe [erms of tttis Deed of Trus[, together with
<br /> ir.terest iherzon at tF.e rate provided in the note.
<br /> d. The above zmount Is sr,cured eveo though all or part of itmay not yet be advance. Future 3dvances under
<br /> the agreement are contemplated and will be su,ured to Ihe same extent xs if made on the date Ihis deed of trus:is
<br /> rsuuted. � � . �
<br /> TO PROi'F,CT THF.SEC9RITY OG 7NIS DEED OF TRUST,7RUSTOAS NEREBY COV�NANT AND AGRfE:
<br /> 1. To pay vi:en due, the principal of, and the inhrest oq the indebMdne:s evideeced by the no�q clu:ga, kes and all other
<br /> snms as p�ovdeA fn�e loan inswmwis.
<br /> 2. Trusmrs am the owners of the p:operty a+tl Iuce��he nght and authoriry [o esecum tM1is Deal of Trust in respect �o tAe
<br /> pmVcm.
<br /> 3. To p.ry. whsn duc, all ta�es, s�ial asvssmems and all other chargu a,gainsl the pmpeny, before tM1e same beco�ne
<br /> Gdinqnen�. Tv;,;,,sAallpay+lltam5andassessmenisxAichmaybeleviWuponBenefciaevsintcreslM1ercinoruponihisDcedof
<br /> � 'ievsl or�hc dcbt uxurrd hercbp,wirhout rep,ud m any law tM1at may M enaned imp¢;ing paymer.�of�M1e whole or any pan ihercot
<br /> upon thc Bemfciary � �
<br /> 1 'ib Vap�hc impro�:ements now on c�rcaRec localed on�he pmperty inmred agai�u�dviu gc Ay fim antl such olher hvards as
<br /> ihe 0a cficivn�rtia}require,in amourns and cempanies atteptable Ia Ihe He�efciarv,Such insurance�li�y shall ronlain a sLinOard
<br /> mongare dause in favor o!3r.�cfciary. Tnumr shall pmmp0y mpair, mainLtin and rcpina fie pmp:rty or vry parl iherm( m
<br /> !hat,except for ordinare mear and(c�e�he p;operty 5M1a11�ml demrioram.
<br /> 5. 1n thc a�ent �hc pmperty, or any patl thercrof, sh�ll Le takcn bv emincni Domaiq the Beneficiary is enti0ed to rnll�a an1
<br /> mceive all com0ais�tiov uhich may be pa!d for any propeeq�lasen or for tlnmages lo properry no4laker..and Ihe Reneficiary shall
<br />� a�ly suad cmnpens�tion a��i optioq eitiv m a rednninn of�he ivdebtedness secured M1:mby,or lo repur and reqlorz ihe propert��
<br /> m mkcn.
<br /> !. Tlo Ltencfr.,�ry mny, but shnil hqve no obliga�ion lo, dn ony ac� rvhich TmsYO�e have agtaV bnt faiicd lu tlo, nnd Ihe
<br /> E3e:xfician, may also do any ac1 it deems ncross�rv lo prolat�hr:licn hereof 7'rusmrs agrce lo repay, upon demand any snms so
<br /> espended bv ihe[3eneficiary fo�the abnve pvrposes.and any suio so e�pended shall be added fo Ihe indebledness saurcd hcaby nntl
<br /> Fcwn�c ;c�.vrW by Ihe Iico hercof Thc Bco�ciory sl�il no ioivr aoy linbiliry� because c�f vn�1Liv,e, it may do or omit �o do
<br /> hcrenndcr. �
<br /> '1 TFC Benefciary chail have Ihe righL porver and authority'during ihe cominuance of Ihi's Deed nf Tn¢t ta coI1M ilm rcnis.
<br /> issr¢s aod p;oGis of tne p�o�xny and ol'any perso�ml pmpetly IocamE Ihereon ivi(b or ni�hom tnkinll f�ssusion ol Ihe propcnr
<br /> af'caW Imrcbr,an6 ieuslors hereby abwimcl��and uncondiUOnallp assign nii svch rents, issucs and prolts lo Ihe MneGCian. "1'h<
<br /> M:ncGCi�p�, hm.aer, hcrcA.�mnunfs io T�usiors'wllcdio�and reaniion of such rcois, issims an]pro(ns,so long as Tru:aors arc
<br /> nol 'nl sn:h iime. iv deGnJt w��L respeci m p:n'ment o!any indebtedness s<aved hertby, or in�he p:rformintt of any nfrtemcm
<br /> lmreu�dcr. if auy crort o!dcfanli dcuriixd herenller in respect m this Dced of Tmst shall have axurted and be wmimiing, thc
<br />�, '; f3cniliclry as a mnu^r of righ�anJ millmul no�ice b Tmsmrs or amone ciaiming imderT�vslors,and wi�hout regard m Ihe�nln:of
<br /> � LLc Im 1 r.c n' ILc in�c¢sl o!�hc Truslo�s ihcrcin, sha0 haee thc rigbt �o apply to any cnnn hnving junslliclion �o app�i:� a
<br /> '� r ui.:rof� p o�xrrv. . . ..+ ..
<br />
|