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<br />88~< i l04826
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<br />CONT~ld
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<br />0110 or TRUST
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<br />Th10 D..d of Tru.' 10 ..de thie 1st . 19~. by .nd ...ang JohR A. Richardson
<br />and I hereinarter 'referred to.1 fru.tor. II
<br />whOle ..lUna addu.. II e i Arend R. Baack t
<br />AttOTll., at Ln. henln.rUI nfernd to all truatee. -..basil .dUns addreafll is P.. 0 I Box 790
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<br />Wi=~c~:!Y~~O~ .:;~~~: .~d:::.T~ ~:~DXN~~:::^~r:::\~~.~~:e~:~:' :::~~~.fter referred to ..
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<br />'or ....lu.ble conitderat1on, Trulltor irrevocably grants" transfera, conveys and .nIBII. to trustee, in
<br />~~U:~~l::h D~O:~ o~::l:f ~~~.~~II t::n~:~~O::8~::~~~~~e:f p::;:~~;:.~~~.~:.:n and .H~~it to the ~:::y7nd
<br />Hebn.'ka. to-viti
<br />lDts Seven (7), Eight (8) and Nine (9). in Lei"',,... Vnlh.y Tnk..
<br />Subdivision in the South Half of the North..."t Ounrt..,. (~t)
<br />of Section '1\\0 (2), Township Nine (9) North. Ran"" T.m (10)
<br />West of the 6th P.M.. Hall Countv. Nebraska.
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<br />tOlether vtth ..11 buildings. improvements. fh:tures, streetB, albys, passageway., e8l!lelll!lntll, rights, privi-
<br />leles and appurtenance. loeated thereon or in any way pertaining thereto, and tbe: rents ~ i.sues ~ profits.
<br />reversions and the rll!lUllnden thereof. including .U l!Iueh personal property that 111 attached to the lmprove-
<br />aentll so u to constitute a fixture. all of whiehl Including raplacementll and additions thereto I are hereby
<br />declared to be a part of the real estate conveyed in trust hereby, it being aBreed that .11 of the fore-
<br />loing llhall be bereinaft~r referred to aa the "Property."
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<br />FOR mE PURPOSE OF SECURING:
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<br />eal tbe pa)'1ll!nt of indebtedness evidenced by Trustor's note of even date herewith in
<br />the principal BUll of Fortv Thousand Dollar!'=; &. Nn/100($ 40,000 00 ), together
<br />"ith Intere.t at tbe rate or rates provided therein, or tbe principal and interest on any
<br />future advance not to exceed the totel pdncip.l SUII. initially secured hereby all evidenced
<br />by prca1.slIory Dote. stating they are .ecured hereby, and any .nd aU renewalll" lKIdiflcations
<br />and nt.naiana of aucla notas, both pdncipal fUld interest on the notell being payable 10
<br />accordanee with the teras set forth therein, which by th18 reference 18 hereby IIl8de . part
<br />hereof;
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<br />(b) the perfonnance of e.ch agreement and covenant of Trustor herein contained i and
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<br />(c) the p.)'IIent of any 1IUD1 or .UIlI. of lKI'I1ey whieh may be here.fter pa.id or advllllced
<br />by Beneficiary under the teraa of this Deed of Trullt, together with interellt thereon at the
<br />rate provided in the note.
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<br />To protect the lIecurlty of thb Deed of Trullt, Trustor hereby covenant a and agreea aa followa:
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<br />1. r.v-nt of Indebtednus. To pay when due, the principal of, and the interest on, the indebted-
<br />nen evidenced by the note, chargu, fees IIIId .11 other aUJIII as provided in the loan instruments.
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<br />2. Title. Trulltor h the owner of the property and h.a the right and authority to execute thill
<br />Deed of tr;;tin reapect to the property.
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<br />3. tue. and As.e....nt.. to pay. Yhen duel all taxes, .pecial IIl1lellll.entll .nd all other chargell
<br />aadollt the propertYI before the IIIIJIIl! become delinquent, andl in the IlVllnt BeneUd.ry sh.ll 110 require I
<br />to .dd to the paYlt8ntll required \Duler the note lIecured hereby, luch aDknmt .11 ..y be .ufficient to en-
<br />able Beneficiary to pay such t.xes. allllell81Dentll or other charsell .. they beeoM due.
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<br />"'~ ~. To keep the tJDprovellenta now or hereafter located on the real Illltate described
<br />herein inaured .Sftinllt daaage by fire and lIoch other hazards as Benef1chry uy require, in aeountll and
<br />cOllpaniea acceptable to Beneficiary. and with 101111 pay.ble to Seoenehry. In calle or lo.s under lIuch
<br />poUChll, Beneficiary b authorized to adjulltl collect .nd c01lprOllllle, in Itll dillcretion, all elaims
<br />thereunder .IIldl at its sDh option. is authorhed to either .pply the proceeds to the. restoration of tbe
<br />property or upon the indebtedness secured hereby, but paymentll required by the note IIhall continue until
<br />the s_ ..cured hereby sre paid in full.
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<br />5~ Ilepalr. Kaintenance and Use. To promptly np.ir. restore or rebuild any buildlnS8 or laprove-
<br />aenU now Dr hereafter OR the property; to keep the property in 800d eondition .and repair, without V11l1te
<br />aDd free frOll aechanics or other Uenll not expresll1Y subordinated to ~he lien hereof; to not aake:, suffer
<br />or perait any nub.nce to exillt nor tD dllainbh Dr impair the value of the property by any act or oaf.lldon
<br />to act; and to cOIfply.with all requirements of law with respect to the property.
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<br />6. Cood_.tion. In the event the property, or any part thenof, IIhl11 be tabn by eDlinent doma1n1
<br />le.neflelary I. entitled to colleet and recei'lN! all coapen..tion which III&Y be paid for any property uken
<br />01' for d...g.. to property not taken, and Beneficiary .ha11 .pply aueh eoapenlletlonl at ita option,
<br />either to . reduction or the Indebtedness secured hereby or to repair and restore the property ao taken.
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<br />1~ Performance by Bendidary. Beneficiary "Y. but shall have no obUglltion tD, do any set which
<br />Trulltbr hall agreed but falled to do. and Benefielary ..y alllo do any IIct it del!llUl nece.lIl1l')' to protect
<br />the lien her.of.. Trustor agree. to rep.y, upon delMlld. any SUlDII so expended by Benerichry for the
<br />.b.,... PUrpoll", and any 8UII ao expended by hneflclary ahan be added to the lndebteclnel!fll _cured here-
<br />by aDd. bec~ secured by the lien hereof. Beneficiary sh.!l not incur .ny peuonal liability because of
<br />anyth1n1 it -7 do or Ollie to do herelMlder.
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<br />8. Aaalardent. of Bent.. Beneficbry shall haw. the right, pover and authority durinB the con-
<br />t.lnuaaee of this Deed of Trullt to collect the rent., hllues and proUte of the property and of any per-
<br />.oaal property located thereon with 01' without taldnl poallellllion Df the property affected hereby, and
<br />Truator henby abllolutely and unconditionally .ssigna aU lIuch Tents, taauell and profits to Beneficiary.
<br />Benafleiar'J', hovever. hereby eonsents to Trustor's eolleetion and retention of such rents, l1111ue8 ad
<br />profit. .. they accrue and becoae payable. so long aa TlWUlltor 18 nDt. at auch time, in default with re-
<br />apect to p.,..ut of any indebtedness secured hereby, or in the perforll8llce of any agrl!lntellt heremder.
<br />U 811" event of default described hereafter in n.pect to thill Deed of Trust eh.11 have occurred and b.
<br />coatinulDs, len~ftcial'J, al a ..tter of ript and without notice to Trustor or anyone c1&"ing under
<br />Truatol', and without resard to the value of the truat eat ate or the intereat Df the TTuator therein.
<br />ahall have the rllht to apply to any court having juriSdiction to appoint. Tl!!Iceiver of the property.
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<br />9. Iuapec.tionll. B.flllficiarYI or Ite asent.. repreaentatlvea or warkMn. are authori&ed to nter
<br />at _, n..ODabh tIM upon or in any part of the prDperty fDr the purp08e or Ins pectins the aa.e and
<br />for tM purpo.. Df ptrrfonrin& any of the acta it 1& authorized to perfon under the te~ of 8ny loan
<br />iMU_U ..ecutu by Tr-uator.
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<br />10. Tranllf.r of PropertY. If all or any part of the property or an.,. intereat Df Truator therein
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