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<br />DEED OF TRUST
<br />THIS DEEDOF TRUST, made this 16th day 01 A pri 1 , 19~, by and among Galen L. & Delores J.
<br />~terner whose mailing address Is (Street)Rt. 1, Box 21-P (City) Doni ph an
<br />(State and Zip) NE 68832 (herein "Trustor"); and Bank of Doniphan
<br />mailing address Is (Street) Box B (City) Doni ph an (State and ZIp)
<br />Bank of Doniphan
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<br />88-101927
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<br />whose
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<br />NE 6$832
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<br />(Herein "Truslee"'); and
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<br />, whose mailing address is (Street)
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<br />Box B
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<br />(City) Don i ph an
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<br />(State and Zip) NIl; hR R :3 2
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<br />. (herein "Beneficiary").
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<br />FOR VALUABLE CONSIDERATION, Including Ihe indebtGdness Identified herein and the trusl herein created, Ihe receipt of which is hereby
<br />acknowledged, Trustor Irrevocably grants, transfers, conveys, and assigns to Trustee, IN TRUST. WITH POWER OF SALE, for the benefit and secur.
<br />Ity of Beneficiary, under and subject to the terms and conditions ot this Deed of Trusl, the reel property described a,s follows:
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<br />Lot 6, Block 2, Village of Doniphan, Hall County, Nebraska.
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<br />TOGETHER WITH, all rents, profits, royal lies, Income and other beneflls derived from the real property; all leases or subleases coverlnQ the real
<br />property or any portion thereof, now or hereafter existing or entered Into, and all right, title and Interest of Trustor thereunder; all Interests, estate or
<br />otner Claims, both In law and," equity, which Trustor now has or may hereafter acquire In the real property; all easements, rlghts.of.way, tene-
<br />ments, hereditaments and appurtenances thereof and thereto; ail oil and gas rights and profits, water rights and water stock; all righI, title and
<br />Interest of Trustor, now owned or hereafter aCQuired, in and to any land lying within the right.ol.way of any street or highway adjoining the real
<br />property, any and all buildings, fllttures, improvements, and appurtenances now or hereafter erected thereon or belonging thereto, (herein
<br />referred to as "Improvement" or Improvements"); and any and all awards made for the taking by eminent domain, or by any proceeding or pur.
<br />chase In lieu thereof, of the whole or any part of the rllal property.
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<br />All of the foregoing estate, property and interest hereby conveyed to Trustee herein collectively referred to as the "Property".
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<br />THIS DEED OF TRUST SHAll SECURE:
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<br />(e) The payment of Indebtedness evidenced by Trustor's note of even date herewith In Ihe principle sum of Seve n Thous an d
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<br />Dollars ($ 7,000. 00 ), together with interest at the rate or rates provided therein. (herein, together with any and all
<br />renewals, modifications, and extensions thereof, referred to as the "Note") both principal and Interest on the Note being payable In accordance
<br />with the terms set forth therein, reference 10 which is hereby made, the fln~ P'9ment of principal and Interest, if not sooner paid and if no
<br />renewals, modifications or extensions are made, due and payable on 4-1 - 0 .
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<br />(b) The performance of each agreement and covenant of Trustor herein contained: and
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<br />(c) The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced undel the terms of this Deed of
<br />Trult.
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<br />(d) The payment of any future advances necessary 10 protect the security or any future advance made at the option 01 the parties; and
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<br />(e) The performance of an obligation of any other person named In this Trust Deed to a beneficiary.
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<br />TO PROTECT THE SECURITY OF THIS DEeD OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS:
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<br />1. '.yment of Principal and Int....... Trustor shall promptly pay when due the principal of and Interest on the indebtedness evidenced by the
<br />Note, and all other charges and fees as provIded In the Note. and the principal 01 ancllnterest on any Future Advances secured by this Deed of Trust
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<br />2. W......nty of Title. Trustor 15 lawfully seized and possessed of good and Indefeasible title and estate to Ihe Property hereby conveyed and has
<br />the right to grant and convey the Property; the Property Is free and clear of all liens and encumbrances except liens now of record; and Trustor
<br />will warrant and defend the title to the Property againflt all claims and demands.
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<br />3. Malntenance.net Compliance with law.. Trustor shall keep the Property In good condition and repair and shall not commit waste or perml!
<br />Impairment or deterioration 01 the Property and shall comply with the proviSions of any lease If this Deed of Trust Is on a leasehold. No Improve.
<br />ment, pow or hereafter erected upon the Property shall be altered, removed or demolished wllhout the prior written consent of Beneficiary. Trustor
<br />shall 06mply with all laws, ordl"ances, regulations, covenants, conditions and reslrlctlons affecting the Property and not commit, suffer, or per-
<br />mit any act to be done Inor upon the Property in violation of any law, ordinance, regulation, covenant, condition or restriction. Trustor shall com.
<br />plateorrestorepromptly and In good workmanlike manner any Improvement on the Properly which may be damaged or destroyed and pay, when
<br />due. all claims for labor performed and materials furnished therefore and for any alterations thereol.
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<br />4.'MUranc.. Trustor, at Its expense, will maintain with Insurors approved by Beneficiary, Insurance with respect to the Improvements and per-
<br />sonal property, constituting the Property, against loss by fira, lightning, tornado, and other perils and hazards covered by standard extended
<br />coverage endorsement, In an amount equal to at least one hundred percent of the full replacement value thereof and Insurance against such
<br />other hazards and In such amounts as Is customarily carried by owners and operators of similar properties or as Beneficiary may require for Its
<br />protect.lon. Trustor will comply wllh such othar requirements as Beneficiary may from time to time request for the prolectlon by Insurance of the
<br />Interests 01 the respective parties. All insurance policies maintained pursuant to this Deed of Tru~t shall name Trustor and Beneficiary as in.
<br />sureds, as their respective interests may appear, and provide Ihat there shall be no cancellation or modification without any less than 15 days
<br />prior written notlllcation to Trustee and Beneficiary. In the event any polley hereunder Is not renewed on or before 15 days prior to lis expiration
<br />date, TrUStHor Benaflclary may procure such Insurance In accordance with the provisions of paragraph 7 hereol. Trustor shall deliver 10
<br />Beneficiary the orIginal pOllclas of insuranca and renewals thereof or memo copies of such policies and renewals thereof. Failure 10 furnish
<br />such Insurance by Trustor, or renewals as required hereunder shall, at tha option of Beneficiary, constllute a default.
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<br />5. Tall... A.....men'.. and Ch....... Trustor shall pay alllaxes, assessments and other charges, Including, without limitation, fines and im.
<br />poslllons attributable to the Property, and leasehold payments or ground rants, If any, before the same become dallquent. Trustor shall promptly
<br />furnllh to Beneficiary all notices of amounts due under tllis paragraph, and In the event Trustor shall make payment directly, Truslor shall prompt-
<br />ly furnlst! to Beneficiary receipts evidencing such payments. Trustor shall pay all laxes and assessments which may be levied upon
<br />Benellclary'. Interest herein or upon this Deed of Trust wlthoul regard to any law that may be enacted Imposing paymenl of Ihe whole or any
<br />part 'her~1 upon the Beneficiary.
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