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I
<br />87-- lf)092,2 '.
<br />DEED OF TRUST
<br />- WITH
<br />POWER OF SALE
<br />THIS DEED OF TRUST WITH POWER OF SALE, made this 17`-4 day
<br />Of 19 87, by and among Norman N. Stelk and
<br />Shirley M_ Stalk, husband and wife whose mailing
<br />address is RFD *2� Box 105 Grand Island, NE. 68803 ,. (herein
<br />'Trustor" ) and BANK OF WOOD RIVER, whose mailing address is 110
<br />9th Street., Wood River, Nebraska 68883, (herein 'Trustee'); and
<br />�BANK OF WOOD RIVER, whose mailing address is 110 E. 9th Street,
<br />Wood Rive_r_, Nebraska 68883, (herein 'Beneficiary").
<br />_
<br />FOR VALUABLE CONSIDERATION, including the indebtedness
<br />identified herein and the trust herein created, the receipt of
<br />which is hereby acknowledged, Trustor irrevocably grants,
<br />transfers, conveys, and assigns to Trustee, IN TRUST, WITH POWER
<br />OF SALE, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Deed of Trust, the Real
<br />property located in: *northeast Quarter ( I) of Section Eleven fLIJ �
<br />is Township Ten (10) North,.Range Eleven (ll) West of the Sixties_
<br />Principal Merzoian,.Hail County, - Nebraska.
<br />s;2
<br />TOGETHER WITi, all rents, profits, royalties, income and other.
<br />benefits derived from the real property; all leases or subleases
<br />covering the real property or any portion thereof, now or hereafter
<br />existing or entered into, and all right, title and interest of
<br />'Trustor thereunder; all interests, estate or other claims, both in
<br />law and in equity, which Trustor now has or may hereafter acquire
<br />in the real property; all easements, _rights- cif -eaay, tenements,
<br />hereditaments and appurtenances thereof and `thereto -.alb oil aEnd
<br />-,gas rights and profits, water rights and water stock; all right,
<br />title and interest of Trustor, now owresd or hereafter acquired.
<br />in and to any land lying within the right -or -way of any street
<br />or highway adjoining the real property, any and all buildings,
<br />fixtures, improvements, and appurtenances now or hereafter erected
<br />thereon or belonging thereto, (herein referred to as 'Improvement.'
<br />or 'improvements'); and any and all awards made for the taking by
<br />'eminent
<br />domain, or by any proceeding or purchase in lieu thereof,.
<br />of the whole or any part of the real property_
<br />All of the foregoing estate., property and interest hereby
<br />conveyed to Trustee herein collectively referred to as the
<br />*Property".- ..
<br />THIS DEED OF TRUST SHALL SECURE:
<br />(a) The payment of indebtedness evidenced by Trustor's note
<br />of even date herewith in the principal sum of Ten Thousand an
<br />NoI100 Dollars ($1€i,�100_00) DOLLARS, together with interest
<br />-rate
<br />at the or rates pravided. therein, '(herein, together with any
<br />and all renewals, modifications, and extensions Hereof, referred
<br />to as the 'Note") both principal and interest on the Note being
<br />payable in accordance with the terms set forth therein, reference
<br />to which is hereby made, the final payment of principal and
<br />interest, if not sooner paid and if no renewals, modifications or
<br />extensions are made, due and payable on -Ojy ,'19Y7 ; and
<br />(b) The performance of each agreement and covenant of
<br />Trustor herein contained;,and
<br />(c) The payment of any additional sU n or sums iaf money With
<br />- "Interest thereon Which may be he?.reaft.r paid or advanced tinder
<br />the terms of this Deed of 1'ru -3t ; € t. d
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