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<br />IEBD CP '1'BlB1'
<br />THIS DEED OF TRUS'l' made this ~~ dw of c.J fA~ ~ 1988, by and
<br />amng Thanas Louis vanwinkle and... th l"larie Vanritrtk , ~ ai1d Wife,
<br />Whose mailing address is Rt. 2, Box 230, Wood River, Ne:Draska 68883 {herein
<br />"Trustor") t cind Paul Schumacher, Attort)!:!Y at Law whose mailing address 1S P.o.
<br />BOX~122 .. Columbus, Nebraska 68601 (herein "Trustee") 7 and Lawerence J.
<br />Bone . and Bethine Bonczvnski, huSband and wife, as joint tenants whose
<br />mail-ng address is R.R.4 ""Box 41A, Columbus, Nebraska 68601 (herein
<br />"Beneficiary").
<br />FOR VALUABLE CDlSIlERATIOO, including the indebtedness identified herein
<br />and the trust herein created, receipt of Which is her~ acknCMledg~, Trustor
<br />~~ gr~j:s' transfers, co~s, warrants and assi~ to ~tee, 111
<br />mBr, lQI!R ~ 5MB, for the benefit and sepuri.ty of Beneficiary, tinder
<br />and sUbJect to the terms and conditions of th1S Deed of Tru_l!.1:.1 1:he real
<br />ProcertV described as a tract of land COI\PX'ising a part: of the l'IW.L{4NW1/4 of
<br />Section- 26, Township 10 North, Rql:lge 11 "West Of tHe 6th P.M., Ha 1 Countyf.
<br />Nebraska, nme ~l.cularly descr:il:ied as: Beq~ at a point.on the weB
<br />line of said seCtion 26, said point being 556.0 feet soutl'i of the northwest
<br />corner .of said section 26 t tnence southerly along the west line of said
<br />section 26 a distance of 50:1.92 feet7 thence easterly perpendicular to the
<br />west line of said section 26 a distance of 435.6 feef7 f:hence northerly
<br />parallel to the west line of said section 26 a distance of 505.92 feet~ t:her1CE!
<br />wester1Y perpendicular to the 'NeSt line of said section 26, a distance of
<br />435.6 reef to the point of beginning and containing 5.059 acres, IIDre or less7
<br />TOGE'l'HER WITH, all rents, profits, royalities, income am other benefits
<br />derived from the real prOPertY: all .I.eases or sUbleases covering tQe real
<br />property or art:! PQrtion tliereo""f, nCM or hereafter existi!1g or ent:ered into,
<br />ana all rightc, title, and interest of Trustor thereunder, all interests,
<br />estate or herew.t:aments and a~ thereof arr:l thereto~ all oil am gas
<br />rights and profits, water nghts and water stock, all right, title and
<br />interest of TrustorJ now CMIled or hereafter a~, in and to any: land lying
<br />within the right-oJ:-way of ~ street or hiway adjoi.trlng the real propett.y~
<br />any and all DUildings, fi.xtures(. imerovements, and appurtenances now or
<br />hereafter erected thereon or be.l.onging thereto, (herein referred to as
<br />"InprQVeIIleIlt" or "Inprovements") 7 and any and all awards made for the ~
<br />bv em1nent danain, or by any ~ing or ~ in lieu thereof, of the
<br />whole or arrj part of the rea~ pI'lJ);lerty. All Of the fo~oincr estate propeJ::ty
<br />and interest conveyed to Trustee nerein collectively rexerred to as ~e
<br />"Property" .
<br />'IBIS IBID CP 'IHJS'l' SBM.l. SIDJRB JIR) IS FtIl 'DIB ~ CP SIDIRIIC:
<br />[a] 'nle payment of indebtedness evidenced ;by Trustor's note of even date
<br />tlerew1th iiI the -principal sum of Fortv Nine ThOusand Nine Hundred Ninety Nine
<br />Dollars 1$49,99!r.00), together with interest at the J;ate or rates mDvided
<br />therein, herein "Note", am arrj am all renewals, 1IDdi.f1cations am exl:ensions
<br />of such Note, both priilcipal am interest be~le in accordance with the
<br />t.eIms set forth therein, reference to which is made. '!be final payment
<br />of such pri,J:lcipal and interest, if not sooner pal , shall be paid due am
<br />payable on the"1.st day of April, 2008 J
<br />[b] The performance of each agreement and covenant of Trustor herein
<br />Coirt:ained 7 am
<br />[c] '!be payment of any swn pr sums of IIDney with interest thereon 'Atlich may
<br />De hereafter paid or advanCed Wlder the terms of this Deed of TrustJ
<br />'10 l'IUDL'T 'BIB SIDJRI'ft CP 'DDS IBID CP '.lH:m, DUmA( IIERI!8I" CUV15IwaS All)
<br />JIGRI!IS AS 1aUIIS:
<br />1.PavEDt of Prinr.ipl' and InLemsL. Trustor shall ~lY pay when due
<br />the pr1ncl~l of and inferest on the itJdebtedness evidenCed tHe~, and
<br />all Other <:narges am fees as provided in the Note secured this Deed of
<br />Trust.
<br />2.....~aai~J, of title. Trustor is lawfully seized and possessed of ~
<br />and indefeasib e title and estate to the Prppetty h~ conVeyed and has the
<br />right to convey the Propertyl the ProPertY is free and clear of all liens and
<br />enCuIrtIrances ~ none7 am Trustor-will warrant am defen:l the title to the
<br />Property against all cla1ms and demands.
<br />3.*,1~ and c.c.pJj.ance with ra.. Trustor shall keep the Property
<br />in aood condition am rep;ifr arr:l shall not c:onmit waste or permit inpaihnenl:
<br />or C1eterioration of the ~rty. No i~ovement J'lOW or fiereafter erected
<br />UPQJ) the Property shall be altered, removed, or dE!l1Dlished without the prior
<br />written consent of the BenefiCiary~r\lstor shall cOlIIPly with all, laws,
<br />rEI9Ulations(. ordinances, oovenants, tions and restrictions affect1ng the
<br />!'IOPerq- ano not c:onmit, suffer, or pe t any act to be done in or upcm the
<br />Prqlert;:Y in violation Of aQY law, regu ation, ordinance, oovenant, c:ohdition
<br />or rest:riction. Trust. omiTs 11 cx:.nprete or restore prOrrlJtly and in a good
<br />dcmanliJc.e manner rovement on the Proee~ Which" r be damageq c;>r
<br />~troved am J;lIBY, ~ , all claims for labOr perfO~ and materials
<br />furnished there""fore and for arrj alterations thereof.
<br />C. :;78nCe! Trustori at its ex~ense, will maintain with Insurors
<br />Benef ciary and icensed to Co buSiness in the State of Nebraska,
<br />ance th ~ to the rJi' rovements art4 J;?erSOMl pr~rty c:onstitut:it19
<br />the PrOPertY, a~t all loss fire, light:rU.l19, tornado, aiY other perils
<br />and hazirds-oavered by a standar extended OCIVerilgeendorsement, in an amount
<br />8CNSl to at least one hundred pEtrcent of the fun replacement value thereof
<br />ari::I insurance against such ot:hef' hazards and in such amounts as is custanarily
<br />carried ~ owners am operators of similar prpperties or as Beneficiary may
<br />~re fot;' its protectlon. Trustor will CX1Il'P.ly with such other req\,\irements
<br />all Benef1ciary MY fran time to time request for the protectiof\ by insur<;lnce
<br />of the nterests of the respective parties. All insurance policles maintained
<br />purS\.IIInt to this Deed of Trust shall nape Trustor and Beneficiary as ins\.\X'eds,
<br />il8 their respective interests may appear. and provide that then> shall be no
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<br />'88-103490
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