|
<br /> ;0 Q~-~
<br /> m ~~
<br /> ~ r-.3
<br /> P m "'~ ~ O{fJ
<br /> O:I: ~
<br /> Z "- --" 0-1
<br /> n A c::>
<br /> =- X ~ C r),l.", en ::z-t ~8.
<br /> So!' ~' ,....,
<br /> ~ m :Xl -tm
<br /> n (I) r-n ~ -0 -<0 O~
<br /> 1li: :z: ~ ~~~
<br /> 0-"
<br />N I ..J:: -"z ~i
<br />is ~ 1"l
<br />is ~- :I: fTl
<br /> '0 0 1> CD
<br />-.....J r-n r -0
<br />is r"1 :::3 r- :::0
<br />-.....J Q r> ~i
<br />en C/l C()
<br />N -C ""
<br />+::- ~
<br /> 0 ............,.:'~
<br /> ..- tt.l ..J::~
<br /> (.Q --'
<br />
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />
<br />~'
<br />~
<br />This DEED OF TRUST is made this 4th day of September, 2007, by and among Lanny E. Robinson c:;:;..
<br />and Beverly J. Robinson, husband and wife, hereinafter referred to as "Trustors," whether one or more,
<br />whose mailing address is P.O. Box 411, Cario, Nebraska 68824; PATHWAY BANK OF CAIRO, a
<br />Nebraska Banking Corporation, hereinafter referred to as "Trustee," whose mailing address is Box 428,
<br />Cairo, Nebraska 68824; and PATHWAY BANK OF CAIRO, a Nebraska Banking Corporation,
<br />hereinafter referred to as "Beneficiary," whose mailing address is Box 428, Cairo, Nebraska 68824.
<br />For valuable consideration, Trustors irrevocably grant, transfer, convey and assign to Trustee, in trust,
<br />with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of
<br />this Deed of Trust, the following described real property located in HALL County, Nebraska:
<br />
<br />Lots Nine (9), Ten (10), Eleven (11) and Twelve (12), Block Ten (10), Original Town of Cairo,
<br />Hall County, Nebraska, and a rectangular piece of land being more particularly described as:
<br />Beginning at the Southeast comer of Lot Twelve (12), Block Ten (10), Original Town of Cairo,
<br />Hall County, Nebraska, thence running South Three Feet (3'), thence west parrallel to the South
<br />line of said Lot Twelve (12), a distance of One Hundred Forty Feet (140'); thence North Three
<br />Feet (3'), thence East along the South line of said Lot Twelve (12) One Hundred Forty feet
<br />(140') to the point of beginning.
<br />
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges
<br />and appurtenances located thereon, and all personal property that may be or hereafter become an integral part of
<br />such buildings and improvements, all crops raised thereon, and all water rights, all of which, including
<br />replacements and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it
<br />being agreed that all of the foregoing shall be hereinafter referred to as the "Property."
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of
<br />$125,000.00, together with interest at the rate or rates provided therein, and any and all renewals, modifications
<br />and extensions of such note, both principal and interest on the note being payable in accordance with the terms
<br />set forth therein, which by this reference is hereby made a part hereof; and any and all future advances and
<br />readvances to Trustors hereunder pursuant to one ore more promissory notes or credit agreements (herein called
<br />"Note");
<br />b. the payment of other sums advanced by Beneficiary to protect the security of the Note;
<br />c. the performance of all covenants and agreements of Trustor set forth herein; and
<br />d. all present and future indebtedness and obligations of Trustors to Beneficiary whether direct, indirect,
<br />absolute or contingent and whether arising by note, guaranty, overdraft or otherwise;
<br />
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTORS HEREBY COVENANT AND AGREE:
<br />
<br />1. To pay when due, the principal of, and the interest on, the indebtedness evidenced by the note, charges, fees and all other sums
<br />as provided in the loan instruments.
<br />2. Trustors are the owners of the property and have the right and authority to execute this Deed of Trust in respect to the property.
<br />3. To pay, when due, all taxes, special assessments and all other charges against the property, before the same become delinquent.
<br />Trustors shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed of Trust or the
<br />debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof upon the
<br />Beneficiary.
<br />4. To keep the improvements now or hereafter located on the property insured against damage by fire and such other hazards as
<br />the Beneficiary may require, in amounts and companies acceptable to the Beneficiary, Such insurance policy shall contain a standard
<br />mortgage clause in favor of Beneficiary. Trustor shall promptly repair, maintain and replace the property or any part thereof, so that,
<br />except for ordinary wear and tear, the property shall not deteriorate.
<br />5. In the event the property, or any part thereof, shall be taken by eminent domain, the Beneficiary is entitled to collect and receive
<br />all compensation which may be paid for any property taken or for damages to property not taken, and the Beneficiary shall apply such
<br />compensation, at its option, either to a reduction of the indebtedness secured hereby, or to repair and restore the property so taken.
<br />6. The Beneficiary may, but shall have no obligation to, do any act which Trustors have agreed but failed to do, and the
<br />Beneficiary may also do any act it deems necessary to protect the lien hereof. Trustors agree to repay, upon demand, any sums so
<br />
|