|
<br />.;i t-,
<br />
<br />--..".;'-.-t._~&----_._-~~-
<br />
<br />88- 10064 QCB05011 (4-87) ! "
<br />,______._-..!!!I.!1.!.~~.!"1 '::redlt D~~t~!.<:~.____.__.__.._._____._.__________f.~.!l.!'..lE!..?.._...l.__c_
<br />
<br />I'
<br />
<br />
<br />L
<br />
<br />
<br />ACKNOWLEDGMENT
<br />The undersigned Trustor(s) hereby acknowledges and understands that (a) the securlly document calow to be executed is a Trust
<br />Deed, and not a mortgage and (b) the power of sale provided for in the Trusl Deed provides substantially different rights and obligations
<br />to the Trustor(s) than a mortgage In the evenl of a default or breach 01 obligation. The Trustor(s) further represents and agrees that this
<br />certification has been read and executed In connection with, but prior 10, the Trustors' execution of the following Trust Deed.
<br />
<br />Da this, da f ,19~, UDEIJ FARMS, PAr ~J!
<br />
<br />
<br />Lewls J,
<br />
<br />... ~
<br />
<br />TRUST DEED AND ASSIGNMENT OF RENTS
<br />
<br />This Trust Deed and Assignment of Rents referred to in the above acknowledgment is made this ,.,p...,.,.j2
<br />of ~.L7;~ ,19KL-,byandamon~wis ,1. Uden & Verda tot. Uden,
<br />and wife, Larr~en & Cynthia Uden, husband and wife, and Uden Farms, a Partnershi?
<br />
<br />"Trustor(s)", whosa mailing address is Rural Rout", #2, \vood Piver,:-lE 68883 and
<br />
<br />The Federal Land Bank of Omaha "Trustee," whose mailing address is
<br />
<br />206 South 19th Street, Omaha, NE 68102 ,and the Federal Land Bank of Omaha
<br />"Beneficiary", whose mailing address is 206 South 19th Street, Omaha, Nobraska 68102, in consideretion of the advance by Beneficiary to
<br />Trustor(s) ofthe principal sum specified below, the receipt of which is hereby acknowledged, and any future, additional or protective advances
<br />made to or on behalf of Trustor(8) at Beneficiary's option, Trustor(5) irrevocably transfers, conveya and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, forthe benefit and security of Boneficiary, its sUCCElMOrs and assigns, under and subject to the terms and conditions of this
<br />
<br />Trust Deed, the real property, l.Jeated in the County of Eall , State of Nebraska, and described as follows:
<br />.!!!!::.. .!!!I!: ~
<br />
<br />sw\ - - - - - - - - - - - - - - - - - - - - - - - - - - - - 33
<br />
<br />91'1
<br />
<br />HE 6th P.M.
<br />
<br />3 - 12,500 Bushel, Round Steel Grain Storage Bins
<br />
<br />1 19,600 Bushel, Round Steel Graln Storage Bin
<br />
<br />This Trust Deed and Assignment of Fents filed to supplement the mortgaop. entered as
<br />document #80-006953 in the mortgaqe records of lIall County, nebraska. This Trust
<br />Deed and Assignment of Rents is given as additional securit~',and in consideration
<br />of the original loan, loan #309-01-8622706 and in further consideration of
<br />forebearance granted under the note secured by the said mortaaoe. In the event
<br />of default under the terms and conditions of the note and mortqage entered as
<br />document #80-006953 in the mortgage records of Hall County, Nebraska, in
<br />connection with said original loan and default under the terms of this Trust
<br />Deed and Assignment of Rents, the nortqage may be foreclosed and beneficiary
<br />herein may exercise its remedies as orovided herein.
<br />
<br />*(to the extent rents, issues, uses, income and orofits exceed loans by other
<br />lenders to be used exclusively for the reasonable expense of the production
<br />of the crop.)
<br />
<br />together with all Truator(s) right, title and interest in said property, now or hereafter acquired, including all buildings. fixtures, crops and
<br />improvements now on or hereafter ~ upon said real property; including also all appurtenances, water, irrigation, and drainage rights; and
<br />all rwttI, I..... UIII8, ineome, profIts:"and rights to ~on: all oil, gas, gravel, rock or other minerals of whatever natuTe, including
<br />geothemtIII ~~ -.1d all ~ property that may integrally belong to or h_fter become an integral part of said real estate whether
<br />athIched or detKhed, Including eny appurtenances and accoutrements of any residence secured hereby, and all above and below ground
<br />Irrigation equipment and ~, and all ,-, permits, IiC8l1Ml or privileges, appurtenant or nonappurtenant to said prerniHl, now or
<br />hereafter lsaued, extiInded or I'WI'leWeCf by Trustor(I), any State, the United States or any depamnenl. bureau, instrumentality or agency thereof.
<br />All of which il hereunder collectively referred to 81 the "Truat Est..te."
<br />
<br />It .. ......It ad.......... ___ TfWiDr(I) MClIIenefIclery that this TrwI DMCI Is g/Yen to MCUN:
<br />
<br />(a) A promiaaory note or notes together with interest thereon executed by Trustor(lS) to Beneficiary and d8SCribed as follows:
<br />
<br />0... or Nola
<br />
<br />PrtncipIII AlMunt
<br />
<br />DMe of Not.
<br />
<br />PrtnctI* Amount
<br />
<br />December 4, 1980
<br />
<br />$329,000.00 **
<br />
<br />payableeccordlngtotheterrMofsaidnote(s).as modified by Restructure Agreement dated ,t:(-:2-gg'
<br />
<br />(b) And the repayment In full by Truetor(s) of any and all future and additional advanCM which may be made by Beneficiary, at its option, at
<br />the requost of, and to or for the account of Trultor(s), or any ofthem, for any purpose, pl:JI Interest on all such advances, under any note(s) or '
<br />other Inltrument(l) taken In refinancing, extending, ran_ing, rnmortlzing or restructuring lluch indebtedness or any part thereof. all
<br />payable according to the terms of said note(s) or other instrum3nt(s); provided, however, that the total principal Indebtedness outstanding
<br />and MCured hereby at Iny (me time shan not exceed the lum of 'T';'Rrr 1;ITUnTlrn rnc,:,v llT'lr 'T'llnC:l !I\tm c:r\l!'tJ
<br />
<br />HUNDRED AnD ELEVEN DOLL/\RS AND 86/100 nn_n____n_ DOLLARS ($ 35'),7 1 1 , nr, .._),
<br />e.xclullveof intereetandoftheprotectlveadvanceaauthorlzed herein or In th810an agreemenl(s); provided,lurther, thaI THIS PARAGRAPH
<br />SHALL NOT CONSTITUTE A COMMITMENT T'O MAKE: FURTHER OR ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME,
<br />WHE1'HER OR NOT THE TOTAL PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br />
<br />.. Original Note and Mortqaqe
<br />
<br />'j
<br />
<br />i
<br />I
<br />I
<br />Ii:
<br />..
<br />~ ;
<br />.'
<br />j
<br />i ';
<br />i
<br />! ;
<br />I"
<br />i ;
<br />day I !;
<br />hUSbr~
<br />I:'
<br />I
<br />i
<br />
|