|
<br /> Q~~ ,... n t r-...:.
<br /> m ::c ~:'"~ (") (n
<br /> c::>
<br /> i' ,.. .." ~ ~, c:T:> O-l
<br /> c: ~ c::l>
<br /> Z ;'II;; ::-.T; z-l
<br /> z.~ OJ n ::D '~ ", c.:::
<br />I\.) % ~ 0 r"'"l ~;.. G"J -lm
<br />e ::~ l- ~ G.~ (, '-.., -<0
<br />m o"~ N
<br />e n en 0 --r]
<br />0'> ;l;; :t: """1 CO --r]
<br />e 1"t ~,",,~
<br />-.....J ..t:,O C, ..........F:., , ::c rn
<br />0'> ... ~ en FI" ::0 :r> co
<br />-.....J r1i 3 r ;0
<br />JJ r? 0 ~ ":r0-
<br />O'> (Jl
<br /> ..I:.. ~ (/)
<br /> 5. I---' :;><;;
<br /> :to>-
<br /> N ......... '-"
<br /> N (j')
<br /> fft
<br />
<br />
<br />
<br />200607676
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />
<br />agt
<br />NS"
<br />~[
<br />O)~
<br />~I
<br />~i
<br />~
<br />
<br />/t..~
<br />
<br />This DEED OF TRUST is made thi~ 29 d3.Y of May, 2006, by and a.-rnong Steven Stebbing and
<br />Kimberly Stebbing, husband and wife, hereinafter referred to as "Trustors," whether one or more, whose
<br />mailing address is 367 HWY 11, Dannebrog, Nebraska 68831 and R. Dean Boyer and Christi L. Boyer,
<br />husband and wife; hereinafter referred to as "Trustors," whether one or more, whose mailing address is PO
<br />Box 674, Plainview, Nebraska 68769; THE STATE BANK OF CAIRO, a Nebraska Banking
<br />Corporation, hereinafter referred to as "Trustee," whose mailing address is Box 428, Cairo, Nebraska
<br />68824; and THE STATE BANK OF CAIRO, a Nebraska Banking Corporation, hereinafter referred to as
<br />"Beneficiary," whose mailing address is Box 428, Cairo, Nebraska 68824.
<br />For valuable consideration, Trustors irrevocably grant, transfer, convey and assign to Trustee, in trust,
<br />with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of
<br />this Deed of Trust, the following described real property located in Hall County, Nebraska:
<br />
<br />Lot Eight (8), Block Sixteen (16), Baker's Addition, and its complement, to-wit: Fractional Lot
<br />Eight (8) in Fractional Block One (1) in Woodbine Addition, both additions to the City of Grand
<br />Island, Hall County, Nebraska.
<br />
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges
<br />and appultenances located thereon, and all personal property that may be or hereafter become an integral part of
<br />such buildings ana improvements, all crops raIsea thereon, and all water rights, all of which, including
<br />replacements and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it
<br />being agreed that all of the foregoing shall be hereinafter referred to as the "Property."
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of
<br />$40,000.00, together with interest at the rate or rates provided therein, and any and all renewals, modifications
<br />and extensions of such note, both principal and interest on the note being payable in accordance with the terms
<br />set forth therein, which by this reference is hereby made a part hereof; and any and all future advances and
<br />readvances to Trustors hereunder pursuant to one ore more promissory notes or credit agreements (herein called
<br />"Note");
<br />b. the payment of other sums advanced by Beneficiary to protect the security of the Note;
<br />c. the performance of all covenants and agreements of Trustor set forth herein; and
<br />d. all present and future indebtedness and obligations of Trustors to Beneficiary whether direct, indirect,
<br />absolute or contingent and whether arising by note, guaranty, overdraft or otherwise;
<br />
<br />TO PROTECT ~rHE SECURITY OF 'l'!-!!SDE!m OF TlU]E;T, Ti;.USi~OR2t Hjj;i{t;hl' COVt'NANT AND AGREJ!::
<br />
<br />1. To pay when due. the principal of, and the interest on, the indebtedness evidenced by the note, charges, fees and all other sums
<br />as provided in the loan instruments.
<br />2. Trustors are the owners of the property and have the right and authority to execute this Deed of Trust in respect to the property.
<br />3. To pay, when due, all taxes, special assessments and all other charges against the property, before the same become delinquent.
<br />Trustors shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this D~ed of Trust or the
<br />debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof upon the
<br />Beneficiary.
<br />4. To keep the improvements now or hereafter located on the property insured against damage by tirc and such other hazards as
<br />the Beneficiary may require, in amounts and companies acceptable to the Beneficiary, Such insurance policy shall contain a standard
<br />mortgage clause in favor of Beneficiary. Trustor shall promptly repair, maintain and replace the property or any part thereof, so that,
<br />except for ordinary wear and tear, the property shall not deteriorate.
<br />S. In the event the property. or any part thereof, shall be taken by eminent domain, the Beneficiary is entitled to collect and receive
<br />all compensation which may be paid for any property taken or for damages to property not taken, and the Beneficiary shall apply such
<br />compensation, at its option, either to a reduction of the indebtedness secured hereby, or to repair and restore the property so taken.
<br />6. The Beneficiary may, but shall have no obligation to, do any act which Trustors have agreed but failed to do, and the
<br />Beneficiary may also do any act it deems necessary to protect the lien hereof. Trustors agree to repay, upon demand, any sums so
<br />
|