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<br />J,ur"" D. ltiloy und SI~lrDll J. lutey.
<br />88- 105052 husbmd und wife, /Jnd Ibnie1 "-
<br />Riley und l.ounno M. lliley, husoond
<br />DEED OF TRUST and wife, AlL <llU.ff:I'IVFLY IlllFl!IalJoD
<br />THIS DEED OF TRUST, madelhls~dayof Sent""be~ 19~by ondamongID PS lRl.Hlffi.
<br />who.. mailing address Is R.R.. \Ibocl River Nehr. and R R.. hood River Nebr ,
<br />(herein "fruslor"), and funk of hood RiVEr ,whos. moiling oddr.ssls ~
<br />68818, (her.ln ..frusl.... and "Bon.llclory"'. 110 E. 9th St., Wood River, Nebr.
<br />fOR VALUABLE CONSIDERATION, Including Ihe Indebledno.. indenlmed horoln and Iho Irusl horoln croolod, tho rocolpl of which is horoby
<br />acknowlodgod, fruslor Irrevocably grants, Iranslors, convoys, and assigns 10 Trust.o, IN TRUST, WITH POWER OF SALE, for tho bonolll and
<br />soctWlly of Bonellciory, und.r and sublocl 10 tho lorms and conditions of Ihis Deed of Trust, Ihe rool property described os follows,
<br />
<br />Soutlne;t QJarter (9yt) of Section Eight (8), T<M15hi.p Ten (10) North, Range n.elve (12) West of the 6th
<br />P.M., Hall County, Nebraska; e.'<Cepting therefran a tract of land canprising a j.6rt of the Sou~t QJarter
<br />of Sectioo 8, T<M15hi.p 10. ;iorth, Range 12, j'kst of the 6th P.M., in Hall County, Nebrasl<a, I1Dre p3I"ticu1arly
<br />described as follOl>'5: fuJinning at U JXlint on the South line of said Sou~t QJarter said point being
<br />693.75 feeL """,t of the Southeast corner of said South"""t QJarter; thence """'terly along the south line
<br />of S3id Soutlneit QJarter a distance of 529.38 feet; thence deflecting right ':.{)D 27' 4011 and nmning
<br />northerly a distance of 1,617.U feet; tl,ence easterly ;nrallel to said south line of the Soutln""'t ~rter
<br />a distance of :J5U.U feeL; thence deflectillg right W" 27' 40" and nmning Southerly, a distance of 1,159.0
<br />feeL; thence "'lSlerly flll"ullel Lo said South line of tl1e Soutlne;t QJarter, a distance of 179.34 feet;
<br />tllence deflecting right W" 17' 4(J' ood nmning mutherly, a distance of 4ffl.U feet to the place of beginning
<br />and cootuining 15. UJ) acres. lIure or less;
<br />
<br />mu; LBo1J OF 'lRlli'f HJR'JHI-R SEUJR1o:s: MY future advance(s). ,<ith interest, .tridl any be unde Iran t::i1re to tir.e
<br />b)' Tru.:..te-:" ut it.s opti.m b any arrount(s), provided, ho.oJE'ver, such futm-e advances shall be so limited that the
<br />tutal prillcip'1l allDlJl1ts uutstanding at llilY one line shilll not exceed the stili of $fal,OCO.OO dollars, to be
<br />re!>'lid in nccordance with d1e temg of a prallissory note(s) evidencil/;l ooy such advance(s). Any such advance(s)
<br />shall be additimal to ooy advance(s) hereinafter authorized to be IInde by Trustee for the protectim of the
<br />seeuri ty of Trustee' 5 interest. therein,
<br />TOGETHER WITH, 011 rents. profits, royalties, income and other benefits derived from the real property; allleas85 or subleases covering the
<br />reol property or any portion Ihereof, now or hereafter existing or entered into, and all right, title and interest of Trustor thereunder; all in-
<br />lerests, eslot, or ather claims, both in law ond in equity, which Trustor now has or may hereafter acquire in the real propertYl 011 easements,
<br />rlgh1s.of-way, tenements, hereditaments ond appurtenances thereof and thereto; 011 ail ond gas rights and profits, woler rights and water
<br />stock: all right, title and interest of Trustor, now owned or hereafter acquired, in and to any land,lying within the right-of-way of any street or
<br />highway adjoining the reol proper1y, any ond 011 buildings, fixlures, improvements, and appurtenances now or hereafter erected thereon or
<br />belonging thereto, (herein referred to os "Improvement" or "Improvements"); and any and 011 owords mode for 1he taking by eminent domain
<br />or by any proceeding or pvrthaso inlio. thoroof, of Iho whole or any part of tho real property.
<br />AU of the foregoing estate, property and interest hereby conveyed 10 Trustee herein collectively referred to os the "Property".
<br />THIS DHD OFTRUST SHAll SECURE, /dateJ 3/15/193<l und 3/18/1'>'38 ,
<br />(at Tjl, payment of indebtedness evidenced by Trustor's note ~ herewith in the principal sum of IWo hundred thous:md and
<br />nollWths ood Two hundred fifty thousand ond 11O/100ths. respectively, Oollors ($ 2OO,OCO.OO & $W,QJl.lO
<br />togelher with interest at the rote or fates provided therein, (herein. together with any and 011 renewals, modifications, and extensions thereof,
<br />referred 10 os the "Note") bolh principal and inlerest on the Note being payable in accordance with Ihe terms set forth therein, reference to
<br />which is hereby mode. the final payment of principal and interest, if nol soon!!r paid and if no renewals. modifications or extensions ore mode,
<br />due and payable on JIHturitv dates as descrilaJ in mch note/advance(s). .
<br />(b) The performance of each ogreement and covenont of Trustor herein contoinedl and
<br />(c) The payment of Gny sum or sums of money with interest thereol' which moy be hereafter paid or advanced under the terms of this Deed of
<br />Trusl.
<br />(dl The payment of any future advances necessary 10 protect the security or Dny future advance made at the option of the parties; and
<br />(e) Tbe performance of on obligation of any other person named in this Trust Oeed to 0 beneficiary.
<br />TO PROTECT THE SECURITY OF THIS OEED OF TRUST, TRUSTOR HEREBY COVENANTS ANO AGREES AS FOLLOWS,
<br />1. r.r-enl.f Prindpal and laterel'. Trustor sholl promptly pol' when due Ihe principal of and interest en the indebtedness evidenced by the
<br />Note, and 011 olher chorges and fees os provided in the Note, and the principal of and interest on any Future Advances secured by this Deed of
<br />Trust.
<br />2. ........, .f Till.. Trustor is lawfully seized and possessed of good and indefeosible title and estate to the Property hereby conveyed and
<br />has the right to grunt and conv,y the Property: the Property is free and clear of all liens and encumbrances except liens now of record; and
<br />Trustor will warrant and defend the title 10 the Property ogainst 011 claims ond demands.
<br />3. ..-.......c.... CcnapRanCl with Lawl. Trustor sholl keep the Property in good condition and repair and shall nor commit waste or permi'
<br />impairment or deterioration of the Property and sholl comply with the provisions of any lease if this Oeed af Trusl is on a leasehold. No improve-
<br />ment now or hereafter erected upon the Property s.holl be altered, removed or demolished without the prior written consent of Beneficiary.
<br />Trustor sholl comply with Dlllows, ordinances. regulations, covenants, conditions and restrictions affecting the Property and not commit, suffer,
<br />or permit any oct to be done in Of upon lhe Property in violation of any low. ordinonce. regulation, covenant, condition or restriction. Trustor
<br />sholl complete or restore promptly and in good workmanlike manner any improvement on rhe Property which may bit damaged or destroyed and
<br />pay, when due, 011 claims for lobor performed and malerials furnished therefore ond for any alterations thereof.
<br />4. ....-.c.. Trustor, ot il5 expense, will maintain with insurers approved by Beneficiary. insurance with respect 10 the Improvements and
<br />penonoI property. constituting Ihe Property. ogains. loss by fir., lightning. tomado. and othor perils and hazards covered by standard extended
<br />coy.... endorHment, in on amount squalto at least one hundred percent of the full replocement value thereof ond insuronce against such
<br />ather hazards mD in such amounts as is cuslomorily carried by owners and operalors of simulor proporties or 05 Beneficiary may require for its
<br />protection. Truslor will comply with such olher requirements os Beneficiary may from time to time request for the protection by insurance of the
<br />inter"'s of tM resPKtivl parties. All insurance policies mointained pursuont fa this Deed of Trust sholl nome Trustor ond Deneficiary os in.
<br />sureds, OS thlif respectivl inleresls may appeaf, and provide lhot there sholl be no concellotion or modificalian without no len thon 15 doys
<br />pi<< Milltn notification 10 B.nefidory. In the eyent any pQlicy hereunder is not rencwed on or before 15 days prior 10 its cll;piration dote.
<br />Beneficiary mar procure 'veh insurant. in occordante wilh the provisions of parag ph 7 hereof. Trustor sholl deli..-er to Del1~ficiory Ihe original
<br />poIic.., allnll,lfWIC. and renewals Ihereof or memo copies. of such poficiu ond rp.r fOls thereof. railure 10 furnish such irnurOllCI! by Truslor or
<br />rlfllwols os req.tg'td herlunder ,hall, 01 the oplion of 8en~ficiarr. constitute 0 d, I It
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