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THIS DEED OF TRUST is made this 3 day of April, 2003, by and among DAVID D.
<br />HURST and LORA L. HURST, husband and wife, herein referred to as "Trustor", whose mail-
<br />ing address is 12087 S. 70th Road, Doniphan, Nebraska 68832; BRUCE 1. SMITH, Attorney -at-
<br />Law, hereinafter referred to as "Trustee ", whose mailing address is P. O. Box 790, Grand Island,
<br />Nebraska 68802; and DELBERT D. HURST, hereinafter referred to as "Beneficiary", whose
<br />mailing address is 406 W. Pine, Doniphan, Nebraska 68832.
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to
<br />Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and sub-
<br />ject to the terms and conditions of this Deed of Trust, the Trustor's interest in the following -
<br />described property located in Hall County, Nebraska, to -wit:
<br />A tract of land in the Northwest Corner of the North Half of the Northwest Quar-
<br />ter (NY2NW' /) of Section Seventeen (17), Township Nine (9) North, Range Ten
<br />(10) West of the 6th P.M., Hall County, Nebraska described as beginning at the
<br />northwest corner of said Section Seventeen (17), thence east along the North line
<br />of said Section a distance of 575 feet, thence south and parallel with the West line
<br />of said Section a distance of 759 feet, thence west and parallel with North line of
<br />said Section a distance of 575 feet, thence North and along and upon the West line
<br />of said Section a distance of 759 feet to the place of beginning,
<br />together with all improvements, fixtures and appurtenances located thereon or in any way per-
<br />taining thereto, and the rents, issues, profits, reversions and the remainders thereof, including all
<br />such personal property that is attached to the improvements so as to constitute a fixture, all of
<br />which, including replacements and additions thereto, are hereby declared to be a part of the real
<br />estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter
<br />referred to as the "Property ".
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note of
<br />even date herewith in the principal sum of FORTY -TWO THOUSAND
<br />AND NO /100 DOLLARS ($42,000.00), together with interest at the rate
<br />provided therein, or the principal and interest on any future advance not to
<br />exceed the total principal sum initially secured hereby as evidenced by
<br />promissory notes stating they are secured hereby, and any and all renew-
<br />als, modifications and extensions of such notes, both principal and interest
<br />on the notes being payable in accordance with the terms set forth therein,
<br />which by this reference is hereby made a part hereof,
<br />(b) the performance of each agreement and covenant of Trustor
<br />herein contained; and
<br />(c) the payment of any sum or sums of money which may be
<br />hereafter paid or advanced by Beneficiary under the terms of this Deed of
<br />Trust, together with interest thereon at the rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as
<br />follows:
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made this 3 day of April, 2003, by and among DAVID D.
<br />HURST and LORA L. HURST, husband and wife, herein referred to as "Trustor", whose mail-
<br />ing address is 12087 S. 70th Road, Doniphan, Nebraska 68832; BRUCE 1. SMITH, Attorney -at-
<br />Law, hereinafter referred to as "Trustee ", whose mailing address is P. O. Box 790, Grand Island,
<br />Nebraska 68802; and DELBERT D. HURST, hereinafter referred to as "Beneficiary", whose
<br />mailing address is 406 W. Pine, Doniphan, Nebraska 68832.
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to
<br />Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and sub-
<br />ject to the terms and conditions of this Deed of Trust, the Trustor's interest in the following -
<br />described property located in Hall County, Nebraska, to -wit:
<br />A tract of land in the Northwest Corner of the North Half of the Northwest Quar-
<br />ter (NY2NW' /) of Section Seventeen (17), Township Nine (9) North, Range Ten
<br />(10) West of the 6th P.M., Hall County, Nebraska described as beginning at the
<br />northwest corner of said Section Seventeen (17), thence east along the North line
<br />of said Section a distance of 575 feet, thence south and parallel with the West line
<br />of said Section a distance of 759 feet, thence west and parallel with North line of
<br />said Section a distance of 575 feet, thence North and along and upon the West line
<br />of said Section a distance of 759 feet to the place of beginning,
<br />together with all improvements, fixtures and appurtenances located thereon or in any way per-
<br />taining thereto, and the rents, issues, profits, reversions and the remainders thereof, including all
<br />such personal property that is attached to the improvements so as to constitute a fixture, all of
<br />which, including replacements and additions thereto, are hereby declared to be a part of the real
<br />estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter
<br />referred to as the "Property ".
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note of
<br />even date herewith in the principal sum of FORTY -TWO THOUSAND
<br />AND NO /100 DOLLARS ($42,000.00), together with interest at the rate
<br />provided therein, or the principal and interest on any future advance not to
<br />exceed the total principal sum initially secured hereby as evidenced by
<br />promissory notes stating they are secured hereby, and any and all renew-
<br />als, modifications and extensions of such notes, both principal and interest
<br />on the notes being payable in accordance with the terms set forth therein,
<br />which by this reference is hereby made a part hereof,
<br />(b) the performance of each agreement and covenant of Trustor
<br />herein contained; and
<br />(c) the payment of any sum or sums of money which may be
<br />hereafter paid or advanced by Beneficiary under the terms of this Deed of
<br />Trust, together with interest thereon at the rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as
<br />follows:
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