|
<br />JB11J3S D. ~ mIl Smm J. ~,
<br />88- 1050 511U3lmIl mIl wife, mIl Dmiel. E. ~
<br />ani lEmm M. Rlliv, huslmIl mIl wife,
<br />DEED OF TRUST AIL ClIIEIJITVJ[;'l1llillmlEll '10
<br />. lHIS DUD OF IRUST. mode thl. ~doyof September 19~by ondomong ~ 'lllIflITR
<br />who.. mollinv address I. R.R. Wood River, Nebr. and R.R., lIbcxi R1.wr, Nair.
<br />(honln"TMlor"),and Bank of Wood River .whosemailinvaddre..ls~
<br />68818. ("'"In ..Tru't.... and "Beneficiary"). 11D F,9th St., lIbcxi R1.wr, N3lr.
<br />FOR VAlUABLE CONSIDERATION. includinv tho indebtedne.. indenlified herein and Ihe Iru,l herein crealed. the receipt of which is hereby
<br />acknowledged. Trustor irrevocably vrnnls. tran,fers. conveys. and assigns 10 Tru,'ee, IN TRUST, WITH POWER OF SALE. far Ihe be""fI. and
<br />security of Beneficiary. under and ,ubieclta the term, and condition, of thl, Deed of lru,l. the real properly described as fallow"
<br />
<br />the West Dne-half of the Northwest Quarter (W~NWi) and the Northeast
<br />Quarter of the Northwest Quarter (NEiNWi) of Section Twenty-nine (29),
<br />Township Eleven (11) North, Range Twelve (12), West of the 6th P.M.,
<br />Hall County, Nebraska.
<br />
<br />'lHIB IHD OFTRUST FImIlER SBJlRES: Af\Y future ...."""",(s), with interest, W:rl.d:J II!liY l:e nade fu:m tine to tine
<br />l:u Trustee at its ~ in aqy 8lIDJI1t( s), rrovirl<rl. Io.ever, sr:h future advances :mn l:e ro limited tmt tha
<br />total {rin:ipll !IIIDDts c:utBtBrding at aqy ere tine :mn mt emaerl tha 8lJI1 of ilCro.CXXJ.OJ dolJars. to l:e
<br />reprl.d in a=d!ln:E with tro t8rn5 of a ~ mte(s) evi.dacl.ng aqy sr:h lrlvaI:03(s). ~. sr:h aivl3me(s)
<br />shill l:e allitiaEl tD aqy lrlvaI:03(s) tEreimft.er- 81ItiDr.izai tD l:e nade l:u Trustee fO!" tha putectim of tha
<br />sernri i1f of Trustee's in'.BreSt lh3reln,
<br />
<br />TOGETHER. WITH, 011 fents. profits. royallies. income and other benefils derived from the real property; 01lle0585 or subleases covering the
<br />real property or any portion thereof, now or hereafter 8xlsllng Of entered into. and 011 right, .ille and interest of Trustor thereunder; 011 in-
<br />leresis, Islole or olher claims, bolh in low ond In equily, which Trustor now has or may hereafter acquire in the real property: 011 easements,
<br />rights-of-way, tenements, hereditaments and appurtenances thereof and thereto; 011 oil 000 gas rights ond profits, woter rights and woler
<br />stockJ 011 right, title and interest of Truslor, now owned or hereafter acquired, in and to any land, lying within the right.of.woy of Dny slreet or
<br />highway adjoining the real property. any and all buildings, fixtures, improvements. and appurtenances now or hereafter erected Ihereon or
<br />belonging thereto, (herein referred to as "Improvement" or "Improvements"). and any and all awards made for the taking by eminent domain
<br />Of by ony proceeding Of purchase in lieu ther~f. of the whole or ony part of the real property.
<br />All o'lhl forquing estate, property and interest hereby conveyed to Trustee herein collectively referred to as the "Property".
<br />THIS DEW OFTRUST SHALL SECURE, tal 3/.1 /1<:a! arrl J!1a!19;8
<br />(01 The pap"enl or indebtedness evidenced by T,u,tor', nol he,ewnh,n Ihe prinCipal sum of '!i.o lurlra:l tlnJsmi arrl
<br />m 1 arrl '!i.o Iurlm::l tlnmrrl arrl m 1rot:hs. Dollars ($2]).CXXJ.OJ & 2~.CXXJ.lP
<br />together with interesl ot tht rate or rales provided therein, (herein, together with any and all renewals, modifications, and eKtensions thereof,
<br />referred to 05 the "No1e") both principal Dnd interest on the Note being poyable in accordance with the lerms set forlh therein, reference to
<br />which is hereby mode, the finol payment of principal Dnd inlerest, if nol sooner paid and if no renewals, modifications or extensions ore mode,
<br />due and payable on lIBtllritjy dates as rlAfr.ribrl In ...rn mte/aivl3me(s) :
<br />(b) The performance of each agreement and covenant of Trustor herein conlained; and
<br />(e) TtJe. po.-ment of any sum or sums of money with inlereslthereon which may be hereafter paid or advanced under Ihe terms of this Deed of
<br />Trust.
<br />(d) The poyment of ony fu1ure odvolKes nec~ssory to protect the securily or any fulure advance made at the oplion of the parties; and
<br />(e) The performonte of on obligation of anv olher person nomed in 1his TrusI Deed 100 beneficiary.
<br />10 PRD1ECT THE SECURITY OF THIS DEEO OF TRUST, lRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS,
<br />.1. Pay...,.I Prindp.l....ln'.'..I. Trustor shall promplly pay when dUB Il1e principal of and interesi on the Indebtedness evidenced by 1he
<br />Not., and 011 olher charges and fees os provided in the Note, ond the principal of and interest on any Future Advances secured by Ihis Deed of
<br />Trust.
<br />2. WIITe1,.I Title. Trustor is lawfully seized and possessed of good and indefeasible lille and estale to the Property hereby conveyed and
<br />has the right to grant and convey the Property; the Property is free and clear of 011 liens and encumbrom:es except liens now of record; and
<br />Trustor win warrant and defend the title to the Property against 011 claims and demonds.
<br />3. ~ .. c-,a.nce with ...... Trustor sholl keep the Property in good condiHon and repair and sholl not commit waste or permit
<br />impairment or det.ioralion of the Property and shall comply with the provisions of Dny lease jf this Deed of Trust is on a leasehold. No improve.
<br />ment now or hereafter erected upon the Property sholl be altered, removed or demolished without the prior written consent of Beneficiary.
<br />Trustor sholl comply wilh 011 law!, ordinances, regulations, covenants, cDnditions and restrictions arfecting the Property and nDt commit. suffer.
<br />or permit any actio be done in or upon the Property in viotation of any low, ordinance, regulation, cDvenant, condition or restricllon. Trustor
<br />shall comptet. or restore promptly and in good workmanlike manner any improvement on the Property which may be damaged or destroyed and
<br />pay. when due, all claims for labor performed and moteria's furnished therefore and lor Dny alleratians thereof.
<br />.t. ......... Trustor, at its expense, wm maintain with insurors approved by Beneficiary. insurance with respeetto the Improvemenfs Dnd
<br />personal properly, consliluling thl Properly, ogoinstloss by fife, lightning, tornado, ond other perils and hazards cDvef.ed by stondard extended
<br />COY.... endorHmenl, in on amount equal to at IRs1 one hundred percent of ,he full replDce'menl value Ihereol and Insurance against such
<br />other harwds and in such DmOlIfItS os is customarily carried by owners and operators of simular properties or 05 Beneficiary may require for Its
<br />protection. Trvslor will comply with such Dlher requirements as BenefICiary may from time to time request for 'he protection by insurance of the
<br />int.e'ts of lhe respective parties. All in!uronce policies maintained pursuant 10 Ihi" Deed Df Trust shall nome Trustor and Beneficiary as in-
<br />,..Ids. os I..ir rtsptetive Inlerests may appear, and provide that there sholl be no cancellation Dr modification without no leu fhon 15 days
<br />prior wrill'" notirtcation to 8e",ficiory. In the "venl ony policy hereunder is nol renewed on or before 15 days prior 10 ils upirotion dofe,
<br />hnefidary may procwe such inswonce in.occOldonce with th" provision, of paragraph 7 herrof Truslor'sholl deliver to Beneficiary the oriQinal
<br />poIici,s of inu..once and rer.wa)s fherROf Ol memo copies of such policies and rentrwols thereof Failure to fur nish such insuronce by T ruslo, . or
<br />renewals as r~ed hereund!r sholl. ot IhI option of Bmtlficiory. cOOl,titut. 0 dltlutJlt
<br />
|