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<br />DEED OF TRUST
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<br />88-103094
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<br />THIS DEED OF TRUST, made Ihls ~_ day 01 June , 19--B..B-, by and among ~s D. Riley. Jr.. Sin~le
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<br />whose mall "9 address Is (Street) RR It3 Box 52 (City) Wood Rive.LL
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<br />(Stale and Zip) _~~__ 68883 (herein "Truslor"); and Bank of Doniphan whose
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<br />malllngaddreOSIS(Slreet)__~.O. Box B (CltYI Doniphan _(Slate and Zip) NE 68332
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<br />(Herein "Trustee"); and _
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<br />Bank of Donipban
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<br />. whose mailing address Is (Street)
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<br />P .0. Box B (Cltyl____ Donip han
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<br />(51 ale and Zip)
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<br />NE
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<br />68832
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<br />,(herein "Beneficiary"),
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<br />FOR VALUABLE CONSIDERATION, Including Ihe Indebledness Identllled herein and Ihe lrusl herein created, lhe recelpl 01 which is hereby
<br />acknowledg9d, Trustor Irrlivoc!\bly granls, trans/ers, conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, lor the beneUl and secur-
<br />Ily 01 Beneficiary, under and subJect to the terms and conditions 01 this Deed 01 Trust, the real property described as lollows:
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<br />The West Half of the Northwest ~uarter (W~NWt) of Section Thirty-Two (32), in Township
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<br />Eleven (11), North of Range Twelve (12), West of the 6th P,M" except a certain tract
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<br />cf land deeded to the CounLj of Hall recorded in Book 150, Page 384.
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<br />and
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<br />The Southeast Quarter (~Et) of the Southeast Quarter (SEt) of Section Nine (9) in
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<br />Township Nine (9) North. Range Twelve (12) WeHt of the oth P.M., Hall County, Nebraska.
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<br />TOGETHER WITH, all ren';, prollls, royalties, income and other benefils derIVed Irom lhe real properly, all leases 0, subleases covenng Ihe real
<br />property or any portion thereof, now or her~after exisling or entered into, and ail right, IItle and Inlerest 01 Trustor lllereunder. all interests, estate or
<br />Ofner claimS, both In law and in equity, which Trustor now has Of may hereafter acquire In the real property; all easements, rlghts-ol.way, tene-
<br />ments, hereditaments and appurtenances Ihereot and therelo; all 011 and gas rights and prollts, water rights And waler stock; all righl, title and
<br />interest 01 Trustor, now owned or hereafter acqUired, '" and to any iand Iy,"g wII"," t"e Tlght-ol-way 01 any Sl'eel or '1lg'lway adjoining t"e real
<br />property, any and all bUildings, fix lUres, Improvements, and appurtenances now or "ereaHer erected thereo" or belongmg t"ereto, ('1erein
<br />referred to all "Improvement" or Improven,ents"); and any and all awards made lor the taking by eminent domain, or by any proceeding or pur,
<br />chlllle In lieu Ihereof, of the whole or any parI of lhe real properly
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<br />All of Ineloregolng estate, property and inleresl hereby conveyed 10 T,uslee herein collectively relerred 10 as the 'Property"
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<br />THIS DEED OF TRUST SHALL SECURE
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<br />{e'n~'if~oment 01 Indelltedness evldence(1 by Tru.tor's note or even dale herew'th In the prmclple sum 01 __ Pi ft:y six thousand .and
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<br />DoUera (S__~!__Qg_g..: 00 ), logelher wllh '"teresl at Ihe rale 01 rates prOVIded there,", therem together wllh any and all
<br />renewels, modifications, and eltens'ons Ihereol. 'eferred 10 as Ihe "Note") bOlM prinCipal and Interest on the Nole bemg payable ,n accordance
<br />wllh the terms sel forlh I lereln_ reference to wnich IS hereby made, Ihe final payment 01 Rrlncipal and Interest, II not 500'1er paid and it no
<br />renewals, modifications (,r eltenSIO'!S arl! made, due and payable on D_~~f;tmQ.~I lj~__l997.
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<br />(b) The perlormance 01 ea< h agreement ard covenanl cl Trustor herein contalned_ and
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<br />IC) The payment of any sum or sums ot money with 'nleresl '''Areon W'lIC" may be "ereaHer paid or advanced undel I"e re'ms 0' '''Is Deed 01
<br />Trust
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<br />(eI) The paymenl of any fulure advances necessary 10 prolect me socurlty or any luture advance made althe option 01 Ihe parties, and
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<br />(a) Tha performance of an obllgallon of any ot'16r person named," thiS Truat Deed to a benellclary_
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<br />TO PROTECT THE SECURITV OF THIS DEED OF TRUST TRUSTOR HE"lEBV COVENANTS AND AGREES AS FOllOWS
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<br />1_ Payment of Principal and Int_al, TruSlor shall promptly pay w"en due the prinCipal of and Inlerest on lhe indebtedness eVIr:le"cod by the
<br />NaIll, llrllll all oUlm charges and lees as proVllliKlln 1 'Ie NOle, and 1 he prinCipal 01 and InlereSI on any Fulure Adyances secured by lOllS Deeo 01 Trusl
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<br />2. WIlITMIIy of TItle. Trustor 18 lawfully seiZed and possessed or good and mdefeasible tltie and estate 10 the Property hereby conveylld and has
<br />the rlgllt to grenl and convey me Property, the Property IS free and clear 01 all liens and encumbrances exceplllens now of record; and Trllstor
<br />",lit Wllfrent ahd defend the title 10 Ine Property against all claims and demands
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<br />3_ .llnt_nee end Compliance with Lawa, 1 ruSlor shall keep Ihe Property In good condItion and repair and shall not commit waste or permit
<br />Impairment or deterlorallon of lhe Property and shall comply wi1h the prOVISIOns ot any lease II thIS Deed of Trust IS on a leasehold No Improve-
<br />ment, now or hereafter erected upo~ the Property shall be Blterlld, 'emOYed or demolished without the prior writlen consent of BenefiCiary TruSlor
<br />sha" comply wllh all laws, ordinances, regulations, covenants, condlllons and restrictions affecting the Property and nol commit, suffer 01 per
<br />mlt any actIO be donn In or upOn Ihe Property In vlolatton 01 sny la-... ordinance, regulallon, covenant, condition or restriction Trustor shall com
<br />plete or restore promptly and In good workmanlIke manner any Improvemen1 on Ihe Properly WhiCh may be damaged or destroyed and pay when
<br />due_ ail clalmll for labor performed and materials lurnlshed I"erelole and lor any allerallons Ihereol
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<br />4_lnaurance. Trustor, allts expenfie, Will maintain with Insurors approved by BenefiCiary, Insurance with respecI to the Improvemllnte and per-
<br />sonal property. constllullng the Property, agaInst loss by fire, Ilghlnlng, tornado aM other perils and hazards covered by standerd extende"
<br />coverage endorsement, In an amount equal to 01 leasl one hundred percent 01 lhe lull raplacement value thereol and insurance agalnsl Such
<br />other hazards and In SuCh amounts as's cuslomarlly carried by owners and operalors 01 SImilar properties or as Benetlclary May require tor lIS
<br />protection, Trustor wltl comply wllh such olher requirements as 8enellclary may Irom time to lime request for Ihe protecllon by Insurance 01 Ihe
<br />Interllsts of the "ospectlve partoes A/lln5urance poliCies malnlalned pursuant to Ihls Deed 01 Trust shall name Trustor and Benetlclary as In
<br />sureds, as Ihe" r..specllvs ,nlerests may appear, and prOVide Ihall"ere shall be no cancellatIon or modlllcallon wllhout any less than 15 days
<br />prior wrlllen nOtificatIon to Trustee and Bene!_~iary In the evenl any pOliCy hereunder Is not renewed on or befo'" 15 days prior 10 lIs elplrallon
<br />date, Trustee or BenefiCiary may procure SuCh Insurance in accordance with the prOVISions of paragraph 7 hereof Truslor shall deliver to
<br />BeneilCl8r'y' the orj~lnal policies of Insuranco and renewals 1herool Of memo copies of such poliCies and renewals lhereof Failure to furnish
<br />sue,", Insurance by TruS'Of, 01 renewalS as reQuired' hereunder shall, 01 the option of Bonoflclary, constItute a default
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<br />5 Ta.... #d.....m.nt.. end Charga:a. Trustor shall pay all taxes, assessments and othor chargos. Including. WI1hout lImilatloll tInes and 1m
<br />POSII,ons allrlbuHlble to the Properly, and le8sehnld payments or ground rents, if any, before Ihe same become dellQu(\nl TruSlor '''all promptl)
<br />turnl"'" to Benoilclary all notlc.E'S of amounts duo under thiS paragraph, and In t~e event Tru~10r shall make paymp.nt dHecll't TrustOf St'lBII prompt
<br />t.,. 'urrllfl-" to Beneflclar, ,ecfJfPU eVidenCing sue,", paymonts Trustor s'1all pa)' all ta_os and aS5en.smenls WP,ICt-t ma'y b(' In\ilE'd ~Jpon
<br />BenefiCiary"! Interest hefOlr) 0' upon thiS Doed of TruSl wllhoul regard 10 any lOW thai may be onacl~d liTlpOSlng 09'yment 01 Iht! who1p ()' an\
<br />Dan tl'1&1001 upon 'h& Beno11clary
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