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<br />DEED OF TRUST 87— 100845.
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<br />THIS DEED OF TRUST, made this 11itit day of February 19_87 by and among F_n.$1and Farms, inc., 'a Neb asks
<br />cuu— Xat t_o_f? _ whose mailing address is (Street) RR , #1 Box 123 tCityj _ Doniphan -
<br />(State and Zip) Nebraska 68832 (herein "Truster"); and Bank of Doniphan whose
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<br />mailing address iststreet)_P.O. Drawer B (City)_Doniphan (State and Zip) PEE 68832
<br />(Here)n"Trustee "):and Diane .R., whose mailing address ,is(Street) P.O. Box 254
<br />(CitylDoniphan(StateandZip) HE- 68832 (herein "Beneficiary).
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<br />FOR VALUABLE CONSIDERATION, including its indebtedness identified herein and ths, trust herein created, the rec atpt of which is heretry
<br />acknowledged, Truster irrevocably grants. transfers, conveys, and assigns to Trustee,.. IN TRUST, WITH POWER OF SALE. for Itis bertefit andsecur_'.
<br />- ity of Beneficiary, under and subject to the terms and conditions of this Deed o€_Trust. tits rest property described is follows: - -
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<br />The hest Half of the Southeast Quarter (WJSE}) and the East fine —Half of the Southwest
<br />Quarter (E }SW}) of Section Sixteen (16) in Township !line (9) North Range Nine (9) West
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<br />of the 6th P.M., Hall County, Nebraska.
<br />TOGETHER WITH. all rents, profits_ royalties, mcome anc Olfrer trfnefits CW r*W ffaW ffte reel prosy; a# teases of subleases covering the real
<br />property our arty portion thereof now or #tereafter existing or enflared mm, and an ? €tits arid ersterest of Truster tttersund€x: an ifite€es €s, esa" or �.
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<br />- -. o"W Claims. troth to law and sn equity. wftti' t, Truster Milk has or tetay h erea€ter awe €r: the real property, '_all easemerrM rights -of -way, terra -,
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<br />merits. herednaments and appurtenances thereof and thereto; all our and gas ruts arxf wefts, water rights and water sto* an fight. Omani* :
<br />'interest of Truster, tied Ownt?Q of rereafter aCnvired. sir and ttr an tend Vying eret'fi'S: tr'le rr?y`t'_✓2j3f i%t2y drf iii; street of #%ghway adivinl i#te leaf-
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<br />-propemry, any and air buildings, 'ixti;res, improvements, arid atrpufteriamtmes inter- h *tereafier er;;ycted #!teseot: or Destorigfstg Lfteretta_ 2Rerem
<br />'•tmprbveme*iY' fntprovernents"i.
<br />-. referred to as or and airy and a#3 awards $*arts 3akusg byerraaertt dorraut, atry trra -4 er rate-
<br />chase in Ieeu thereot or tee whole or any part of thereat property - - -
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<br />A#1 of the foregoing estate. property and interest. hereby' Canwtryed Eo Trustee he pefW -
<br />THIS DEED tiF TRUST SHALL SECURE,
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<br />tad The painner±t of indebtedness ev dencW try Trustor site of even mare ftefea nr, Vne 0"n vpis suit of Gexrenty Five . Thous t
<br />- and Kfl% 1Qp ! j, {), ._......:r___ o`getrw *4n rnlepest at five rite or fales'clavidw t=iered'. - nierean- t%getho Avor.any ants an -� � .
<br />Dofiars 3 i. L
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<br />. :.ferteataiS,
<br />mddtfrCdtions_ and extensions Itttirgof, refer^av to as,!tie' "fttate 'bolm:;WWW+ W acid i#a:+ t On true Node bein%payS33#e t.= Tom:
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<br />-vas the Terms set forth ?!term, reference to whicfr is fixtrecy rases. ire�i: pau-mTaertt 71 - ' and .*imefest, of not sooner pax: and 0 no,'
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<br />fenewan. modifications or ex tensions are made. due and patrable an FeZ,Yri:nT Jn itl92_.
<br />{tit Ttw performance of each agreerient and covenant e€ Truster : ieretr' comatruen, ano
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<br />fc) The payment of any sum or sums of money =with interest ?r!ereorL w," ,f °xaay oe-i rea"er Ma.-IC �. acrvanced Crider t!le terms oft" 11 'of - .
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<br />'fd) The paymtiertt of any future advances, necessary to Dialect +hs secur=ty or any f ti -a ,gee at the ivy'- t'xiCir? of tt +tEart , arid
<br />-;,a) The performance of an obligation of any olnet person named trr, this Trust Dow to at be�!tefic =;try,
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<br />TO TECT THE SfCvRItY OF TH15 CEED of r At T, tisTOA "EREt3s C{3tr f t%ca€TS s -RE ES AS FOlittl'JS',.
<br />t. P'Molt of P#ineipal and Ufthiet. Truster shall pronip -ty, pay *#ier' ere °,ie zrr—_- and - merest On t"x 4ndebteoness evidenced by
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<br />"Orp' and all elli'uer Charges and fees as Provided m the Note, and "is #^-Mr—;.ai of ar* rr teresr on any Future Advances secured by r'-ii.5 Deed of Trust -
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<br />2.1Martaatl d Tlge. Trustoris lawfully seized and Possessed of good and i'rzdefeas fit* and estate to the Property hereby conveyed auto has
<br />the fQM to grant and convey the Property; the.Properiy M tree i
<br />and t:4W it* t$ and encuntibrari�.s eirsetErt tisris rxiur of record: acid TTCtSfdK' .;
<br />=wilt warrant and defend the idle to the Property against all ctaexss and demands
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<br />3. Mairrtwranw sad Ciataa4np with Laws- 'irustor sitar! keep thin Property in good omidmom and a aaie a.-mta snail nor Commit veacfe OF Wit.
<br />- orvpairmmmi or deterioration of the Property and shall corripty iwittf the o ny4+§xr3s^S Lr.i any tease ift, Deed Cif Trust is on a leasetioid. No erfif oM -
<br />mend. now or hereafter erected upon The Property shaft be aftered. name ed er clarneffspeld without rigs oriot written consent of Bestiary. Truszor
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<br />:3tsafi comply with all laws, ordinant:es, regulations. tirv'eriarrs, conditions anorest-vCIpoirs afieCt+,e`,g the P operty and ixxrt cumvp it. suffer, or per.- -
<br />-snit any act to ire done €n or upon. the Property in violation of any l.-w. r± omanee. regufattion oxfreriaf , c rfiB +tcatt w restric€ion_ Trissttrr st9atl €;orrt.
<br />-ate er restore premptty and in good - workmanlike mariner any improvement on the Property wr [cri ay be carr.aged or res,.#:- Ved Agra pays
<br />dire. all Claims for labor performed and materials furnished therefore alid `Or any aftetalmors n4, Keot` -
<br />4. Uaifranp. Truster. at its expense. will maintain with insurers awed by Berne *^iciary, iai5uvance, &Ah respect to the :and per-
<br />$arts! property. constituting rig rt=e Property, against loss by fire, E'gtttnittg ttrrnado. arid tnheir ;omits and hamits $€?verso by stands extended
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<br />- coverage endorsement, in an amount epuai to at feast one li eared percent of the full replacement vatue- thereot and insurance against such - -
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<br />.'Otiter hazards and s SirGf: amounts as is customarily Carrieu by owners and operators of similar property 0, as may
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<br />protecti oft. Truster wrjJ comptywith such other requirements as�Beiaeb-c� f- -on
<br />eq _ �aryr may ..tint tittle to trecuest for the ectiori try frtiaxartt:� fro itte
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<br />. intervals of tote respective parties _ Atl insurance policies maintained pursuant to this Deed of Trust shalt name Truster and Beneficiary as ere- -
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<br />su'ieds. as their respectve interests may appear, and provide that there snail t_- no cancellation, or modrtacation without any less than -t 5 days- -
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<br />prior written nottfmanon to Trustee and Beneficiary. In the event any oLite4:Sr tief'EUrN3es is not ft tetYed err r�r be'fF3r8 SS says p_nor to its exp Bt, -
<br />date, Trustee or Serteficiary may procure such insurance in accordance with the provisions of paragr -aph 7 haseet`_Truste, strait det.'ve, to
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<br />Benefcciary, the origin# policies of insurance and renewals thereof or metro copies of such policies and renewals thereof- Faitfire to fiirrtisti. -
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<br />-such insurance by Truster, . of renewals as reQuired hereunder _;ihali_atirt $ iipti # tit4¢ Anrw #ir9 an -
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<br />Taaea, Assestineilitsi, rind s. Truster scat._par sue- Texas_ - assessments a€a alf"trckarges truthudi ,ti, ,,.it tout -m , *At=. and
<br />pownfons altrtbataoia tot the Property, and leasehold payments or ground..rehis. if any. osiers the sashe become d atiouent. Truster $)fail
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<br />promptly
<br />- furnish to Beneficiary at+ notices of amounts due under this paragraph, andinthe event Truster shalt make payment dr fee tty. Tr,131t shall - pttrrrrrrt-
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<br />ty - fumisii to Beneficary, receipts evidencing such Payments.- Truster shall pay all takes -a■id . assessments whtcn- may levied upper -
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<br />Beftetwiary's interest herein of upon thts Deed of Trust without regard to any taw that may be enacted ,hpoaqg payment of iris whole of arty.' .. -
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<br />Pan thereof upon 'tie .Beriehclary,
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