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<br /> --J� ___� xhis DL��7 O�� 7'�US'I' is made thie x11i� ciay af M��, �995, Uy and .�on� RUS��:tLl� Vde
<br /> - �SM�JSS�N ��ad JFAN�tA'iMIJSSSEN,�au�b�nd Aad wife, hertinai�sr r�ferrec! ta �s "Trartors," whesher
<br /> one ar �r�ore,who�c maiGn� �ddre�s is Pait Uflice Hnx 115, �"a[r�c►, Nebr��kA 6�124;'['HE �3TA'fL �ANiC
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<br /> , �nl�('���1�,� l�ebr��ka ��nlcj�i��;or�aara�tlon,herWinaRer referred to as "Tru�tex,•"whoso mailin�uddress
<br /> is Aox d2�3, C�iro, �Tebr�+lun ti�it�4; nnd 't'HE STATE B�►NK OF CAIRl7, a N�tbrau� ed�aic�� �-
<br /> Corporation, hereanafter rcfened to aa "Beaeficfary," whose ma�ling address is Has 4?.ls, C�iro, Nebr�ulcs�
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<br /> For valuable Gorsiderarion, Trustors irrevacably grant, transfer, convey and assign to Truatec, ir�trust,
<br /> _____—�v uvith power of sale,for tha benefit and security of�3eneficiary, under And subject to the ternis and cand�eions of
<br /> this Deed of TruSt.tttic fallowing d�scribed real property located in HALL Counry,Nebrasi�c�a:
<br /> -- I.ot Paur(4), Block Thre�(3), in�'hird Addition to the VillaAe of Cairo,Hall County, Nebrask�, _
<br /> together wxth a11 buildings,irnprovements, fixtures,streets, alleys, passageways, easements,riglits, privileges and _
<br /> appurtena,rces located therc�n,a�cd all psr�on�l property that ma�r be or hereafter beaome an integrsl part of such �
<br /> --`� buitdings and improveraents, ali crops raised thereon, and all water rights, aU of w}uc�n, irac9uding r�placements
<br /> �,_�;� and addi�ions thereto,axe hereby declared to be a pact of the real estate canvey�d in tru�t taereby, it Lti�ng agreed
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<br /> — —� that All of the fc�regoing shal!be hereinaijer referred t�as the"Property." ___
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<br /> ;=q,�� �QI� THE PURP(��E OF SECU�I�G; „�.
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<br />:-�;;�" e. Payment of indebted�ess evidcnced by Trustars' note of even date hereuv��u in the principal sum of - -
<br /> araaf)„i..
<br /> �:;�� SI0,000.00,toget�er vrith interest at tlio rate or rates provided thercin, and any and ail renewals,mad cations
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<br />—..:;r �nct�;,n;ians of su:ti nnts,�oth �Tlnr_.inal Atld Ii1tCI'@9i OII t}te riOtB bC(ri��a"l��IC ltl flGC6iaSI1C� WI�Ei 2 �LCl'�118 __
<br />�''.'�'.��` � set forth therein,which by this reference is hereby mas�e a part hereof; --
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<br /> -t+"�,'f�"� ' b. The performance of each agreement and covenant of Trustors herein ccantained;and
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<br />`�'�a'1. �;� c. The payment of all sums advanced by Beneficiary under the terms of ttjis Deed of'I'rust. together with
<br />��'''''`��±s�: interest thereon at the rate provided in the note.
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<br /> _�:_.-_:�` d. The above amount is secured even though all or part of it may not yet be advnnce.Future advances under
<br />�����F'�'�.� the ageement are wntemplated and virill be secured to the same cxt�nt as if made on the date this deed of trust is ��
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<br /> - _,._ ,� executed. �,,-�
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<br />.-'j'^���''�„ Td PfiOTEC'�TE�E S�COR[TY OF THIS 11EED nF TRUST.TRUSTORS HEREBY COVENANT AND AGREE: R•*
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<br /> , -�`=�°?�� i. To pay�vhen due,the principal of,and the interest on, the indebtedness evidencod by the note,clu�r�es, fees and all other �'�`�-
<br />�;���-y`tl��- swns as provided in the luan inse�untents.
<br /> `�c'�`:i�:F"� 2. Trostors arc thc otimers of thc pmpercy and have the nght and authority to cxecute ttus Decd of Trust in respect to the
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<br /> . P�M�rt3'•
<br /> _ . 3. To pay, when duc, all taxcs, spccial assessmcnts and all ather char�cs against thc praperry, beforc thc samc bccome
<br /> delinquent. Ttustars shaU pay all tax�s and assessments wMch may be leviod upon Beneficiary's intemst hcrcin or upan this Decd of
<br /> -° Tn�st or the debt sc�uetl hereby,without regard to any la�v that may be enacted imposing payment of the whole or any part thereof
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<br /> •.;_.:-.� ,. �-. upon the Beneficiary.
<br />_ :•�:.-- :rk'• 4. To kc�p thc impravements uaw or hereafter located an the property insured a�llLSt damagc by fire and such other har.ards as
<br /> � �'��"` '''`' the Beneficiary may require,in amounts and companics aoceptable to the B�ne[iciary.Such insurance poliry shall contain a stanc4�rd
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<br />�^ -_�,,; '`• � murtgage clause in fnvor of Beneficiary. Trustor shall promptly mpair. maintain and ccplaoe thc property or any Nart thereof. so
<br /> • � ��•� that,except for ordinary wear and tear,the{sroperty shall not detcriorate.
<br /> . . S. In the event the praperty,or nny part thereof, shall be taken by eminent domain, t he Ben e ficiary is en ti d e d to oollect and I�, ,
<br />: , . �,''�.7 receive all compensation�vhich may be paid for any property tnkcn or for damages to pmperty not taken,and the Beneficiary shall i
<br /> - �.. •� apply such compensauon,at its option,either to a reducuou of the indebtedness sauxed hereb}�.or to repair and restore the propem• I .
<br /> . . .� so taken. '
<br /> ,� • . .� 6. Tite Bciteficiury may, b�t shall have no obligation to, do any act �vhich Tmstors i►ave a�but failed to do, and the
<br /> `� Beneficiary may:�Ism ao any act it deems neccss.uy to protect the lien lierc:of. 1'n►stors agre�to repay,upon demand,any sums so �
<br /> ,' ;� cxpendcd by Uie Bcneiiciary for tlie abovc pwposes,and any sum so cxpcnded shall be added to the indcbtcdness sa,°ured hereby and ;
<br /> , �� ��r'� become secured b}� the lien liercof. The Beneficiary shall no incur any liability because of:u�ythin� it may do or onut to do
<br /> ,���� t�e'undierQ. �t��rlAN �,al�IL�ve�he rieht nower and authority during die continuance of this Decd of�'rust to collect tlie rents. ;
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<br /> issues and profits of the property and af anv personal property le�.ated thercon�r�th or�rtithout taking posscssion of the property �
<br /> :.,1,>t�;;,;_ affc:eted liereby, and Trustvrs hereby absolutely and unconditionally assign all such rents.issues and profits to the€�:neficiary. The �
<br /> �'�''� •� . bcneficiary, howevcr,liereby conaents to Trustors'collection and retcntion of yttclt rents,issucs and profits,so long as Truston arc
<br /> ' � not, at n�ch ticne,in default n•ith respect to payment of any indebtedness secured hcrcb}•,or in tho performance of any agrcemcnt ,
<br /> hereundcc If anp evcnt of default dc:scribed hexenfter in respcct to this Dccd of Tnist shall havc occurred�u�d bo continuing, the
<br /> ',� Bencficiary,as a mattcr of right and�vithout notice to Tntstors or anyonc claiming undcr Tn�stors.und�vithout rcga►d to thc�•aluc uf
<br />- � � t6c Wst estate or the interest�F the Tcustors tl�erein. shall ha��c the right to apply to anp court hacing ju�isclictinn to appoint a ,
<br /> • �ccci��cr of dis property. '
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