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<br />and II
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<br />"Trustee," whose mailing address is II
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<br />206 South 19th Street, Omaha, NE 68102, and the The Federal Land Bank 'of Omaha , Ii
<br />"Beneficiary", whole mailing ackIl'8llls 208 South 19t11 Street, Omaha, Nebraska 68102, in consideration of the advance by Beneficiary to ii
<br />Trustor(s) olthe principal sum spiJclfied below, the receipt of which is hereby acknowledged, and any future, additional or protective advances i,',I:.,
<br />made to or on behalf of Truetor(s) at BenefIciary's option, Trustor(s) irrevocably transfers, conveys and aaalgns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, forthe benefit and security of Beneficiary, ita successors and assigns, under and subject to the tei'ms and conditions of this jI
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<br />Ha 1J , State of Nebraska, and described as folloW!:: "
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<br />Sec..15 .!!!e:llN ~ of 6th l !l
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<br />ION of 6th P .Ml11
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<br />"c..::;c=~;;~';:;~ Credll.~~~l'~~~- .""S7=-:-io'74fo. ~~:eo15~lJ (4-87)
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<br />ACKNOWLEDGMENT
<br />The underalgned Trustor(s) hereby acknowledges and understands that (a) the security document below to be executed Is a Trust
<br />Deed, and not a mortgage and (b) the power of sale provided for in the Trust Deed provides substantially different rights and Obligations
<br />to the Trustor(s) than a mortgage in the event of a default or breach of obligation. The Trustor(s) further represents and agrees that this
<br />certification h.. been read and executed In connection with, but prior to, the Trustors' execution of the following Trust Deed.
<br />"A,ated th~s 30tNay Of, December , 19 ..B.2...;.:_, , . j jj
<br />L CvU0 /-1- I / c:..tU.LL..P----- C .<: ~A c,-, I L c.. /
<br />~ar~e R, Kar~e V~ola A, Karle
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<br />t' ;--",,,,,\-;:,;
<br />: T 8! SIGN!D PRIOR TO EXl!CUTlON OF DHD OF TRUST.
<br />
<br />AND ASSIGNMENT OF RENTS
<br />
<br />This Trust Deed and Assignment
<br />of December
<br />husband and wife
<br />
<br />of Rents referred to In the above acknowledgment is made this 30th day
<br />,19-liL,byandamong Earle H., Karle and Viola A. Karle,
<br />
<br />"Tru.tor(s)", whOH mailing add.... Is Route 1, Box 398A. Grand Island. NE
<br />The Federal Land Bank of Omaha
<br />
<br />68803
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<br />Trust OeMJ, the real property, located in the County of
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<br />-------------------------------------------------------- 22
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<br />Together with all center pivots, wells, pumps, motors and
<br />equipment located on and used to irrigate said premises, and
<br />any additions to or replacements thereof, which items are
<br />declared to be a part of the deeded premises and appurtenant
<br />to said real estate.
<br />
<br />if
<br />
<br />:)
<br />
<br />"This Trust Deed is filed to supplement the mortgage
<br />recorded as Document #83- 002205. This Trust Deed
<br />is given as additional security and in consideration
<br />of the original loan, Loan No. 309-1 8941951, and in
<br />further consideration of a reamortization granted
<br />under the note secured by the mortgage. In the
<br />event of default under the terms and conditions of
<br />the mortgage recorded as Document #83- 002205 in
<br />connection with said original loan, or default under
<br />the terms of this Trust Deed, the mortgage may be
<br />foreclosed and Beneficiary herein may exercise its
<br />remedies as provided in paragraph 7."
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<br />together with all Trustor(.) right, title and intereat in said property, now or hereafter acquired, Including all buildings. fixtures, crops and
<br />Improvements now on or ~ plIced upon said l'MI property; including also all appurtenances, water, irrigation, and drainage rights; and
<br />... ranta,l--. -. Income. profitI. and rights to ~on; all oil, gas, gravel, rock or other minerals of whatever nature, including
<br />geotllenMl-.rcel; and all ptnOnaI property that 1M)' integrally belong to or hereafter become an integral part of said reaJ estate whether
<br />attKtled or~, Including anyappurtel_ and Iiccoutraments of any ....Idence secured hereby, and all above and below ground
<br />Irrigation equipment and --. and ... ,-, permits, 1'- or privileges, appurtenant or nonappurt_nt to said premi_, now or
<br />'-'liIr'-*l, uunded or renewed by Truator(.), any State. the UnIted States or any department, bureau, instrumentality or agency thereof,
<br />All of whICh i. '*-under collectively reMred to as the "Trust Estate:'
<br />
<br />"11111...111........... ___ ~s)... ....'11_'....... Trust Deed Is.- to-=
<br />
<br />(a) A promiaaory note or notae together with int~ thereon executed by Trustor(s) to Beneficiary and described as follows:
<br />
<br />0IIII cf .....
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<br />4-27-83
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<br />IIItnctpIII AIMunt
<br />$118,700.00
<br />
<br />0... of Note
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<br />I'Itnc:II* ,Amount
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<br />payable according to the tenm of said note(.),
<br />
<br />(b) , And the repayment In full by Trustor(s) of.ny and.II future and additional advances which may be made by Beneficiary, at its option, at
<br />the~of, and to or for the account of Truator(s), or any of them, for any purpose, plus interest on ail such advances, under any note(s) or
<br />other Instrument(.) taken In refinancing, extending, renewing, reamortlzing or restructuring such indebtedness or any psrt thereof, ail
<br />payable ~dlng to the t.n"s of said not.(s) or oth8f in.trument(.; rovided, however, that the total prinel al indebtedness outstanding
<br />and secUred hereby at anyone time shall not exceed the sum of I U " . ,
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<br />AND NO/10Q---------------------------,------------------ DOLLARS ($ 118,700.00 ),
<br />.xcl~ve of In*-t.nd oHIle protec:tlve edvancea .uthorlzed herein or In the loan agreement(s); provided, further, that THIS PARAGRAPH
<br />SHALL NOT CONSTITUTE A COMMITMENT TO MAKE FURTHER OR ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME,
<br />WHETHER OR NOT THE TOTAL PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED,
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