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<br /> DEED UF TRUST WITN FUTURE ADVANCFS � �����n� �
<br /> . �'��•- :
<br /> This DEED OF 'TRUST is made this 17th day of July, 1995, by and among RAXMOND V. " .
<br /> . ROB�1tTSON and MARrL.YN ,1. ROBERTSON, husbnnd nnd wlfe,hereinafter referred to as"'Y'ruetors." ,
<br /> whether ane or more, whose mailin� address is Box 1, Gniro, NebrASkn 68824; TH� STATE BAIY�C OF
<br /> � �� CAIRO,a Nebraslw Banking Corporation, hereinafter refen�d to as "Trustee." whose mailing address is ., �
<br /> ° . . &►a 4t8,CAiro,NebrASka 68824;and THE STATE aANK OF CAIRQ, u NebrASlsn BnnWn�Corparntion, ,
<br /> . hereinatter referred to as"Beneiiciary," whose mailing address is BoY 428,Cairo,Plebraska 68R24. ., ��
<br /> � � -�-�� For valuable considerAtion, Trustors irrevocably grant, transfer, convey and assign to Trustee, in trust, .,
<br />:� � with power of sale, for the benefit and securiry of Beneficiary, under and subj�ct to the terms and cunditions of
<br /> this Deed af Trust, the following described real property located in HALL County,Nebraska:
<br /> .�►U of Lot 18 and the nartherly 40 feet of Lot 17, and part of L.ot 19 described as follows:
<br /> Beginning at a point 62.27 f6et north of the southwest corner of Lot I9, in Block 8, Original �- 'f° „
<br /> i � Town of Cairo, Nobraska,thence southerly along and upon the westerly lino of said Lot 19,Block �
<br /> - . 8, a distance of 62.27 feet to the southwest corcter of said lot, the point of beginning, thenc;a � ��
<br /> � , ' eastsrly along and upon tho southerly line of said Lot 19,in said Block 8 a distance of 140 feet to - :�
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<br /> �;,� ; . ° � the southeast corner of said tot,thence northerly along and upon the easterly line of said lat 19, . �
<br /> _ . Block 8,a distance of 15.45 feet to the intersection with the southerly line of Higf►way#2.thence .
<br /> ; northwesterly along said Highway #2, to a point where said Highway intersects the westerly line � � '""
<br /> - �• of said Lot 19, Block 8, thence southerly on th$ westerly line of said Lot 19, Block 8, to the .� � � " -��,:
<br />� � southwest comer of said lot, and being the point of beginning, all being in Block 8, Village of , °
<br /> ° Ca'sro,Hall Counry,Nebraska; � '�:�
<br /> � ;� and . �
<br /> . .�..
<br /> " . �� Lots I and 2,Block 7,Original Town of Caira,Hall County,Nebraska,except that part of Lots 1 -`
<br /> - , and 2, Block 7, previously conveyed to the State of Nebraska by deed recorded in Hook 82, at �
<br /> . .
<br /> _ ��gp S97 of c�e�i Rec�rds in the�ffice of the Hall County Resister of Deeds; . �,�
<br /> , - ., �:
<br /> . �;�.
<br /> _ " " together with all buildinga,improvements, fixtures,streets,alleys, passageways,easements, rights, privileges and �: • ���'�'�
<br /> • ` a urtenances located thereon,and all ersonal ro e that ma be or hereafter become an inte art of such • � ```��
<br /> PP P P P �Y Y 8�P .,>� :��
<br /> � �' � � buildings a�d improvements, all crops raised therean, and all water rights, all of which,iricluding replacoments ,�_,.�,.
<br /> � and uddidons thereto,are hercby declared to be a part of the real estate conveyed in tnest hereby,it being agreed � �
<br /> �� , that all ofthe foregoing shall be hereinafter refened to as the"Property." °'�s� .`_
<br /> � FOR THE PU1tP05E OF SECURING: �' '�
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<br /> " a. Payment of indebtedness evidenced by Trustors' note of even date herewith in th►e principal sum of •. - �
<br /> ' .Y $3'75,QOO.OQ together with interest at the rate or rates provided therein,and any and aU renewals� madifis,ations �;_, _ �; —
<br /> . �•. and extensions of such note, both principal and interest on the note being payable in accordance wdth the terms ;� �
<br /> . set forth therein, which by this reference is hereby made a part hereof; and any and all ti�ture advances and �` ��� �_`
<br /> �' . � . readvances to Trustors hereunder pursunnt to one ore more pramissory notes or credit agreements(herein called . _. � �"'"'
<br /> .. �w "Note"); ��`��,�,,t�
<br /> b. the payment of other sums advanced by Beneficiary to protect the security af the Note; --
<br />_ ;� � c. the perf�rmance of all covenants and agreements of Trustor set forth herein;and - -�,,� �- - �
<br /> ",, d. all present and luture indebtedness and obGgations of'Trustors to Bene�iciary whether direct, indirect, , .,
<br /> , �' absolute or contingent and whether arising by note,guaranty,overdraft or otherwise; ,
<br /> -- ;.. ;. `.
<br /> TO PROTECT THE SECURITY OF THIS DEED OF TRUST.TRU5TOR5$�REBY COVENANT AND ACRBE: �
<br /> — ' i. To pay when duc,the pnncipal of,and the intcrest on, the indcbtedness evidenced by the notc.chnrges, fces and all other '
<br /> sums as pcovided in the loan instruments. �
<br /> - , 2. Trustors are the owners of the pmperty and bave die ri�ht and authority to executo thfs Deed of Tn�st in respect to the . „
<br /> _ plo��,�, . � �,
<br /> '� 3. To pay. when due, all taxes, special assessments and all other charges against the property, before ihe satme become
<br />';�+ . delinqucnt. Trustors shall pay all taxes and assessments which may bc lcvicd upon Heneficiary's interest hetein or upon this Dced of ,
<br /> � Tnist or the debt secured hcrcby,witliout regard to any la�v that may be enacted imposing payrnent of the whole or any part thereof
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<br /> -� 4. 'Co kcep the improvements now or hem,aftcr located on the property insurcd against damage by fire and such other hazards as . , ,
<br /> ` � . • the Heneficiary may require,in amounts and companies acceptable to the Beneticiary.Such insurnnce poliey shall oontain a swndard �
<br /> •�. � mortgage cl�use in favor of Beneficiary. Trustor shall promptly repair, maintain and replace the property or any part thereof, so
<br /> " � that,except for ordinary wcar and tcar,the property�shall not dcteriorate.
<br /> � � , �. In the event the property. or any part thercof, ahal{be taken by eminent domain,the Beneflciary is entitled to collect and
<br /> � � ceceivc all compensution which may be paid for any property taken or for damages to property not tllcen, and the BeneRciary shall
<br /> = �� . apply such compensation.at its option. either to a reduction of the indebtedness secured hercby�,or to repair and restote the properry " '
<br />_+:. , so taken. -
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