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<br />88- 105346
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<br />N 05026'43"E for 407.21 feet to a point on the North line of said SW~;
<br />thence N 88009'52"W on the North line of said swl for 847.73 feet,
<br />thence S 01D50'08"W for 259.78 feet; thence N 88009'52"W for 443.59
<br />feet, thence S 87005'57"W for 948.28 feet; thence N 5lo03'S6"W for
<br />287.08 feet to the POINT OF BEGINNING; said tract containing 55.984
<br />acres more or less, the Westerly 33.00 feet thereof being County road
<br />right-of-way;
<br />
<br />TOGETHER with and including all and singular the tenements, heredita-
<br />ments, appurtenances and privileges thereunto belonging or in anywise
<br />appertaining, whether now or hereafter acquired, which shall include,
<br />without limiting the generality of the foregoing, the following:
<br />
<br />All of the rents, issues and profits, including all rents, royalties,
<br />bonuses and benefits under any existing or future oil, gas or mineral
<br />or other leases; all easements and rights of way; all rights of
<br />homestead and homestead exemption and any surviving spouse's marital
<br />or distributive share, and all other contingent rights in and to said
<br />premises; all water, water rights, whether riparian, appropriative or
<br />otherwise and whether or not appurtenant, all ditch rights, and any
<br />shares of stock evidencing any such water or ditch right; and
<br />
<br />All fixtures, imFrovements, buildings, and the plumbing, heating,
<br />ventilating and lighting systems and equipment therein; all barn
<br />equipment; and all pumps, pumping stations, motors, engines, machine-
<br />ry, reservoirs, pipes, flumes, fences, and other machinery or equip-
<br />ment, except tractors, used for the production of water on said
<br />premises or for the irrigation or drainage thereof, all of which shall
<br />be construed and considered as affixed to and part of the real estate.
<br />
<br />All of the foregoing estate, property and interest hereby conveyed to the
<br />said Trustee is hereinafter collectively referred to as the "property".
<br />
<br />TO HAVE AND TO HOLD the same unto the said Trustee, his successors and
<br />assigns, forever, IN TRUST HOWEVER and WITH POWER OF SALE hereby expressly
<br />granted unto the said Trustee, his successors, and assigns for the purpose
<br />of securing:
<br />
<br />(al The payment of Trustors' just indebtedness to Beneficiary in the
<br />principal sum of Fifty-nine Thousand Five Hundred Dollars ($59,500.001 fcr
<br />money borrowed, with interest thereon, all as evidenced by and in strict
<br />accordance with the terms of that certain promissory note, hereinafter
<br />called the "Note", bearing even date herewith made payable to the order of
<br />Beneficiary, executed by Dale E. Billings and Janet K. Billings, husband
<br />and wife, and providing for the payment of said indebtedness in install-
<br />ments, the last of which is due and payable '
<br />subject to acceleration of maturity on default in the payment of any
<br />installment of principal or interest or in the performance of any covenant,
<br />agreement or warranty contained in this Deed of Trust;
<br />
<br />(bl The performance of each agreement, covenant and warranty of
<br />Trustors herein contained or set forth in the Note or any agreement or
<br />instrument eXflcuted by Trustors in connection with the indebtedness hereby
<br />secured; and
<br />
<br />(c) The payment of any sum or sums of money with interest thereon
<br />which may be hereafter paid or advanced under the terms of this Deed of
<br />Trust.
<br />
<br />NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST,
<br />Trustors do for themselves and for Trustors' heirs, representatives,
<br />vendees, successors and assigns, the owners of said Property, hereby
<br />expressly covenant, agree and warrant to and with the Trustee and Benefi-
<br />ciary, and their successors, vendees and assigns:
<br />
<br />~: That the Trustors hereby covenant and agree, to the extent
<br />permitted by law, as follows: (aJ to pay promptly when due the principal
<br />and interest and other sums of money provided for in the Note and in this
<br />Deed of Trust, (bl to promptly pay before delinquency all taxes, assess-
<br />ments and other charges imposed by law upon the Property, the Trustors'
<br />interest therein, or upon this Deed of Trust or the Note: provided, how-
<br />~ver, that in the event of any change of the law providing for the tax~tinn
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