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<br /> ��^��y� �� � DEED OF'TRUST WITH�UTiJItE Al)VANCE�9 5
<br /> ��. � '�.A�s��'� o �-=
<br /> :��`� . ` �.:�:
<br />�"-�4��n�� 1995, by aad among CHAltLES H.\� ��
<br /> Tlus DEED OF TRUST is made this x4th day of OMober,
<br /> *��_� �:=?
<br /> `��6-�' WELLEI�3IEK�nd MARY K. WELLENSIEK, husband and w►ife,hereinaRer referred to as "Truators," ��,-_
<br /> --�;; whether one or more,whose maiting address is Post Otfice Bos Si3, Cairo, Nebraska 68824;1'HE STAT'E _^_
<br /> =.�;:�.� BA1�T�C OL�'CA�30, A 1�Tebraslsa �a�l�ia��Corporanon,hereinafter referred to as"Trustee,"whose cnailing �
<br /> `�'"��=-`�, address ia Bos 428, C�iro, NebrASka 68824; and THE STATE BANK OF CAIRO, a Nebraska BanWng =_
<br /> ��'� Corparation, hereinafter referred to as "Beueficiary," whose mailing address is Bo:4Z8, Cairo. Nebrask�t =-
<br /> .,;;,:..
<br />-=-� 688Z4.
<br /> ``,`•�'.��``� For valuable consideration, Tivstors irrevocably grant, transfer, convey and assign to Tnist�e, in trust, �
<br />:_n:;:.7•..
<br /> _�� with powsr of sale,for the benefit and se�urity of Beneficiary,undar and subject to the terms and conditions of
<br /> --_==—° tlus Deed of Tnist,the following descn'bed real property located in HALL County,Nebraska:
<br /> ------ The Ea�t Twenty-Five Feet (E25� of Lot Four (4) and the South One Hundred Nmety-Three Feet
<br /> -__-�-- (S 193'}of Lot Three(3),Block One(1).Ingalls-Tumer Subdivision,in the Yillage of Cairo,Ha11 County,
<br /> .�:�:y�:,� Nebraska Excepting a certain tract more particularly described as in �oicYt Tenancy �,Va�ranty Ikcd
<br /> -.--= recorded as Document No.82-003641;
<br /> -�-��:� together witt�all buitdings,improvemants,fixtures.streets,aUeY�.P�Se�YB►easemerta,rights.privileges and
<br /> —= aPPurtenances located therean,and�ll personal property that tnay be or hereafter beconae aa iniegal part of s►ach
<br /> ---__ buildia�gs and 'unprovemems, all crops raised thereon, and aU water rights, all of which, including replacements _
<br /> _—._ and additions ttierew,are hereby de�lared to be a part of the real estate conveyed in trust hereby,is being agre.ed
<br /> - tUat aU ofthe foregoing shall be hereinafter referred to as the"Property."
<br /> FOIt THE P�7RPOSE OF 3ECiJItING;
<br /> �. Payment of indebtedness evidenced by Tcustors' aote of even date herewith in the principal swn of
<br /> a25,000.Q0,together with irterest at the rate or rates provided therein,and any and all renewals, mt�difications
<br /> and exten�ions of suc�note,bath principat and interest on the note being payabla i�x accordanca with the tas�na
<br /> _R��_ sei forth therein, which by tius reference is hereby made a part hereaF, and any aad a11 future advances and '
<br /> _ readvances to Trustors hereuuder pursu�nt to one ore more promissory notes or cre�iit agcee�nents(herein cnlled
<br /> "Nate");
<br /> b. the payment of other suzns advanced by Benefiaary to protect the security of t�e Nate;
<br /> c. the perfomaancx of all covenants aud agreementa of Trustor set forth herein;aad
<br /> - d. all present and future indebtzduess and obligations of Trustors 3o Beneficiary whether direct, indirect. __
<br />--_�= absolute or co�ent and whether arising by note,guarantY,overdraR or othene+ise;
<br />_-___-��i TO PAOTECT TS�SECURiT1f OF THIS DEED OF TRUST,TRII3TORS HEREBY C�VENANT AND AGREE: -
<br />�'�'�-�"�"_°''= 1. To pay when due,the prinapai o�and We interest on.ihe indcbtedness evideaced by the note,cLarges.fees and all other
<br />�`s��� sumc as pzevlded in the loan iast�uments. _-
<br />_-- - - - 2. T�ustors are the otirmers of the ProPertY and have the dght and suthorlty to eJCecute tLis Deed of Tnut ia resgect w the �i.
<br />:,���;:`_c- . P�itY• —=
<br /> 3. To pay, �vhen due, all taxes. spedal as�sments and all other charges against the pmpeny. before the same become =
<br /> - „• �.�r..vu.o..�n.�z�nents which ma�be levied upoa Beneficiaty's interest hereia or upon this Deed of .
<br /> _: - aci�,ics�. ...�+„o�..,.�,_..-._._��__. eat oi the whole or aay pan meiwF -
<br />-.^���...,�;=�:` Taust or the debt secured herebY,withoni regard to aary laa tUat maY be enacted imposing Pa3'm �° _
<br /> -" .� upon the BeneRciary• �a st damage by fire aad such other haaards as
<br /><;:::°�:�.r;,�r�a 4. ?o keep the impmvements umv or hereafter located on the pmpertY� �in
<br /> _ " ,,"�` Wc Beneficiary may requi%In umauats and oompantes aooeptable to the Bene�ic�ary,Such ins�rance polIry sbali oontain a standard
<br /> -_-�;��"Y»i�,�,� mortgage clause in favor of BeneScia:Y. Tn�stor shaU promPtlY �p�ir. maintain and replace the property or aay part thereof,so
<br /> y `•�•:: shall not detedorate.
<br /> . .�.��� tbat,exoept foz ordiaary wear aad tear.the pmPertY
<br /> 7�_._...`_: thereo� shall be taken by emineni domai�n.the Bene.�ciary is entitled to oolled aad
<br /> � S. In the event ttte ProperiY.or atry part �;n or for dama�es to pmpeccy nai taken,sud the BeaeSciary shail �
<br /> ' rexive aii wmpensation which may be paid for acry pmpertY
<br /> ° • • apply such oompensatioa�,at its opdon,either to a reduction of the iadebiedness secured herehY•or to repair and restore the propecty
<br /> � •;' .,-" so takea
<br /> !,r=�: .� '�.
<br /> .� ., 6. Th�BeaeSclncy may. but sbaU have no obli$ation to,do a�ry act which Trustors have agreed bnt failed to do. and the
<br /> ' g�cficiniy may also do uny act it dcems neoasary to pmtect the lien hereof. Tcustors agree to repay,upon demaad e�►Y s�ms so
<br /> . expended by the Bcneficiary for the above pwposes,und anY swn so expeaded sLall be added to the indebted�cas sec�red herehy and
<br /> � .
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