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RE•RE'C0;?DEU
<br />87-- FiI03S 87— - A
<br />DEED OF TRUST L��
<br />WITH
<br />POWER OF SALE
<br />THIS DEED OF TRUST WITH POWER OF SALE, made this _1 T"( day
<br />of , 19 87, by and among Norman N. Stelk and
<br />Rhi r o� M c+-o7 k _ h sban 1 and wi fP whose mailing
<br />address is RFD #2, Box 105. Grand Island. NE. 68803 , (herein
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<br />"Trustor ")and BANK OF WOOD RIVER, whose mailing address is 110 E.
<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 River. Nebraska 68883. ( herein "Beneficiary ").
<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 (NED of Section Eleven 111),
<br />in Township Ten (10) North, Range Eleven (11) West of the Sixth
<br />Principal Meridian, Hall County, Nebraska,
<br />TOGETHER WITH, all rents, profits, royalties, income and other
<br />benefits derived from the real property; all leases or subleases
<br />J 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 />v in the real property; all easements, rights -of -way, tenements,
<br />hereditaments and appurtenances thereof and thereto; all oil and
<br />gas rights and profits, water rights and water stock; all right,
<br />title and interest of Trustor, now owned 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 />Keminent domain, or by any proceeding or purchase in lieu thereof,
<br />-may 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 />v "Property ".
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<br />J THIS DEED OF TRUST SHALL SECLRE:
<br />H �
<br />aF (a) The payment of indebtedness evidenced by Trustor's note
<br />t0 of even date herewith in the principal sum of One Hundred Thousand and
<br />o ��_ No/100 Dollars ($100,000.00) DOLLARS, together with interest
<br />.i..+ at the rate or rates provided therein, (herein, together with any
<br />and all YAnnwaln_ mndifir-�r.*nnn_ and r�xrPncinns rhr= rr_nf_ rr>farr.ad
<br />�E» to as the "Note ") both principal and interest on the Note being
<br />W
<br />payable in accordance with the terms set forth therein, reference
<br />U p 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 .iA,v i , 19Y7 ; and
<br />(b) The performance of each agreement and covenant of
<br />Trustor herein contained; and
<br />(c) The payment of any additional sum or sums of money with
<br />interest thereon which may be hereafter paid or advanced under
<br />the terms of this Deed of Trust; and
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