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86-- 104053
<br />DEED OF TRUST
<br />rHIS DEED OF TRUST, made this 22nd day of July t9 86
<br />by and among Hadenfeldt Farms Inc., A Nebraska Corporation, Norman R. Hadenfeldt and Janice E
<br />Hadenfeldt, husband and wife, Norman C. Hadenfeldt and Dylece E. Hadenfeldt, husband and wife
<br />whose mailing 'address is°-
<br />Dannebrog, Nebraska (herein "'Trusror):and Packers Bank and Trust Co.
<br />_, whose mailing address is
<br />4710 South 23rd Street, Omaha, Nebraska 68107
<br />herein 'Trustee' I. and Packers Bank and Trust Co.
<br />whose mailing address is 4710 South 23rd Street, Omaha, Nebraska 68107
<br />lherem '"Beneficiary'y
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably grants, transfers. conveys and assigns to Trustee, INTRUST, WITH POWER OF SALE, for
<br />the benefit and security of Qanefic,ary. under and subject to the terms and conditions of this Deed of Trust, the following described real property,
<br />located in Hall & Howard County. Nebraska:
<br />_ . nF ri RgAShA tr 415
<br />ho.- 7i;ullicfY 55 Oe
<br />3-•tSoCLCL. =JJ .
<br />TOGETHER WITH, all rents. profits, royalties, income and oche benefits derived from the real properly; all leases or subleases covering the teat
<br />property or any portion thereof, now or hereafter existing or entered into, and all fight, title and interest of Trustor thereunder all interests. estate or
<br />other claims. both in law and in equity. which Trustor -ow has or may hereafter acquire in the real properly; all easements, rights -of -way, tenements.
<br />hereditaments and appurtenances thereof and thereto: all m! and gas rights and profits. water tights and water stock; all right. trite and interest of
<br />Trustor, now owned or hereafter acquired, in and to any land lying within the right -of -way of any street or highway adjoining the real properly; any and
<br />all buildings, fixtures, improvements, and appurtenances now or hereafter elected thereon or belonging thereto, lherern referred to as
<br />'Improvement' or- Improvements'); and anyand all awards made forthe taking by eminent domain. or by any proceeding orpurchase in lieu thereof.
<br />of the whole or any part of the real properly. All of the foregoing estate, property arid interest conveyed to Trustee herein collectrveiy reterred to as the
<br />" Property
<br />FOR THE PURPOSE OF SECURING
<br />ia) The payment of indebtedness evidenced by Trustor 's note of even date herewith n+ the pnncipai sun, of Thrpp Nrnndrod
<br />Thousand and N01 100---------------------------- - - - - -- Doila,s(5 300,000.00-- - - - - --
<br />Together with interest at the rate or rates provided therein, or the principal and interest on any future advances evidenced by promissory notes stating
<br />they are secured hereby. (herein Note" or Notes -) and any and all renewals. modifications arid extensions of such Note. both principal and interest
<br />on the Note being payable in accordance with the terms set forth there-, reference to wh,ch is hereby made.
<br />(b) The performance of each agreement and covenant of Trustor herein contained: and
<br />jc) The payment of any sum or sums of money with interest thereon which may be hereafter pad or advanced under the Terms of this Deed of Trust.
<br />A TO PROTECT THE SECURITY OF THIS DEED OF TRUST. TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS
<br />I Payment of Principal and Interest. Trustor shall promptly pay when due the principal of and interest on the indebtedness evidenced by the
<br />Note, and all other charges and fees as provided ,n the Note. and the principal of and interest on any Future Advances secured by this Deed of Trust
<br />2 Warranryof Title. Trustor is lawdu!ly seized and possessed of good and indefeasible tile and estate to the Properly hereby conveyed and has
<br />the right tit grant and convey the Property- the Property is free and clear of all hens arid encumbrances except Dens now of record; and Trustor will
<br />warrant and defend the bile to the Property against all claims anti demands
<br />3. Maintenance and Compliance With Laws. Trustor shall keep the Property in good repair arid condition and shall not commit waste or perms
<br />impairment or deterioration of the Property and shall comply with the provisions of any least if this Deed cif Trust is on a leasehold. No improvement
<br />now or hereafter erected upon the Property shail be altered, removed or demolished without the prior written consent of Beneficiary. Trustor shall
<br />comply with all laws. ordinances. regulations. covenants, Conditions and restrictions affecting the Property and rot commit. suffer or permit any at:t
<br />to be done in or upon the Property in v,olatlon of any law, ordinance, regulation, covenant, rondrt :on or restnc :bon Trustur shah complete or restore
<br />Promptly and in goon workmanlike mariner any improvement on the Properly which may be damaged or lestioyed and pay. when due all ciauns for
<br />labor performed and materials furnished therefore no to, any aiteralions thereof
<br />4. Insurance. Trustor . at its expense will maintain with -su,ors approved by Ben etiGiar y, ins Ur,t,•. : :e '.s i ;Yi respe::t tr: the imprc,vemem, and
<br />personal property, constdubng the Property. against loss by fire. hghmmg. tomadc- and other per,ls act! hazards covered by standard extended
<br />coverage endorsement. in an amount equal to 3T least one hundred percent of the full repiacemenf value hereof and insurance aganst such other
<br />hazards and in such amounts as is customarily earned by owners arid operators of similar properties or as may rey;nre for its projection
<br />Trustor will comply .with such other requ,rements as Beneficiary may from time ro time request for the prctecl :On by insurance of the interests of the
<br />respective parties. All insurance pohcres maintained puns} rant to this Deed (if Trust shall name Trustor an<; Br•nefic nary as insureds . es then respective
<br />interests may appear, and provide that there shah oe no canceliat -n or mnd,hcahon without ,'.q ;ess Ilia, 15 da; s prior written nonf,cahon w Tni =_ice
<br />arrd Beneficiary. In the event any policy hereunder is not renewed on cr before 15 days prior t.: as expirar n!: dare T,usree fir Hen eLC dry may poi,: ore
<br />such Insurance in accordance with the Cro•. rsions of paragraph A 6 hereon T . >.or sr a ` deInr ti Rnnrh:: , .. ,. ,, i ;•r;,c , of ,•auras: e —o
<br />renewals thereof cr memo copies of such C :r i., es a ..., renewals therer:' Fa - to lu—sh sJch nsw,,,:r t,v •r my , evways as requ :re;t
<br />hereunder shall, at the option of Berle!,: ,ai ^y iDnshta,te a Ae +aunt
<br />5 7a.res. Assessments and Cha ryes l,,,stc ,_ , •a,. >v stirs,. _ r s , ;,n ,. v .., , , - ,
<br />P,. V—ly r, f edSr^ UJy .,t' "yi r ; -., ,..I:. i ..i•;.., > r i
<br />tilt' e.....n. � , , . , .. ... •
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