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<br />DEEDOFTRUST 86- 106061
<br />TINS DEED OF TRUST, made this day of October .by and among _ Theodore J. Robb,
<br />Single whose mailing address is (Street) P.O. Box 75 (City) _ Doniphan
<br />0" 'and zip) Nebraska 68832 (tw eln "Trustor"); and Bank of Doniphan _ whose
<br />no" address Is (Strew" 120 Plus St. (City) Doniphan (StateandZip) Nebraska 68832
<br />(Hatelo - -Trua w), and Bank of Doniphan whose mailing address is (Street) _
<br />120 Plus'S Cft Doniphan (Stateand2lp) Nebraska 68832 (herein "Beneficiary").
<br />FOR VALUABLE CONSIDERATION, including the indebtedness identified herelh and the t; Est herein created, the receipt of which is hereby
<br />Tremor krevocabiy grants, transfers, conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and secur.
<br />itylary, under and subject to the terms and conditions of this Deed of Trust, the reel property described as follows:
<br />Lot Eight (8) and the Southerly One Half of Lot Seven (7) Block (1) in Second Addition
<br />to Holcosb's Highway Hoses Subdivision in the NE }NE} of Section Twenty Eight (28)
<br />Township Eleven (11) North, Range (9) West of the 6th P.M., Hall County, Nebraska.
<br />TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the real property; all leases or subleases covering the real
<br />property or any portion thereof, now or hereafter existing or entered into, and all right, title and interest of Trustor thereunder, all Interests, estate or
<br />other claims, both in law and in equity, which Trustor now has or may hereafter acquire In the real property; all easements. rights -of -way, tene-
<br />ments, heredhaments and appurtenances thereof and thereto; all oil and gas rights and profits, water rights and water stock; all right, title and
<br />Interest of Trustor, now owned or hereafter acquired, in and to any land lying within the righl-of -way of any st•eet or highway adjoining the real
<br />property, any and all buildings, fixtures, improvements, and appurtenances now or hereafter erected thereo,: or belonging thereto, (herein
<br />referred to as "Improvement" or Improvements "); and any and all awards made for the taking by eminent domain. or by any proceeding or pur-
<br />chase in lieu thereof, of the whole or any part of the real property.
<br />AN of the foregoing estate, property and interest hereby conveyed to Trustee herein collectively referred to as the "Property ".
<br />THIS DEED OF TRUST SHALL SECURE-
<br />(a) The payment of Indebtedness evidenced by Trustor's note of even date herewith in the principle sum of Fifty Three Thousand Seven
<br />Hundred Fifty Two and 98/100
<br />DoNNS(f .�a 7g2. ), together with interest at the rate or rates provided therein. (herein, together with any and all
<br />rerne+rlah, modificaitions, and extensions thereof, referred to as the "Note ") both principal and interest on the Note being payable in accordance
<br />with the terms set forth therein, reference to which Is hereby made, the final payment of principal and interest, if not sooner paid and If no
<br />renewals, modifications or extensions are made, due and payable on .tt' 7.V I - 19A 7
<br />(b) The performance of each agreement and covenant of Trustor herein contained; and
<br />(c) The, payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this Deed of
<br />Trust.
<br />(d) The payment of any future advances necessary to protect the security or any future advance made at the option of the parties; and
<br />(a) The performance of an obligation of any other person named in this Trust Deed to a beneficiary.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS:
<br />1. (hysient of Principal! and Interest. Trustor shall promptly pay when due the principal of and interest on the indebtedness evidenced by the
<br />NOW and all other charges and fees as provided in the Note, and the principal of and interest :)n any Future Advances secured by this Deed of Trust
<br />2 Wamintyof T81e. Trustor Is lawfully seized and possessed of good and indefeasible title and estate to the Property hereby conveyed and has
<br />the right to grant and convey the Property; the Property is free and clear of all liens and encumbrances except liens now of record; and Trustor
<br />will warrant and defend the title to the Property against all claims and demands.
<br />3. MraNtNhence and Compliance with Laws. Trustor shall keep the Property in good condition and repair and shall not commit waste or permit
<br />irnpairmant or deterioration of the Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. No Improve-
<br />ment, now or hereafter erected upon the Property shall be altered, removed or demolished without the prior written consent of Beneficiary. Trustor
<br />shall comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the Property and not commit, suffer, or per-
<br />mit any act to be done In or upon the Property in violation of any law, ordinance. regulation, covenant, condition or restriction. Trustor shall com-
<br />plete or restore promptly and in good workmanlike manner any improvement on the Property which may be damaged or destroyed and pay. when
<br />due, all claims for labor performed and materials furnished therefore and for any alterations thereof.
<br />4. humtenoe. Trustor, at its expense, will maintain with insurors approved by Beneficiary, insurance with respect to the Improvements and per-
<br />sonal property, constituting the Property, against loss by fire, lightning, tornado, and other perils and hazards covered by standard extended
<br />coverage endorsement, In an amount equal to at least one hundred percent of the full replacement value thereof and insurance against such
<br />other hazards and in such amounts as is customarily carried by owners and operators of similar properties or as Beneficiary may require for its
<br />protection. Trustor will comply with such other requirements as Beneficiary may from time to time request for the protection by insurance of the
<br />interests of the respective parties. Ali Insurance policies maintained pursuant to this Deed of Trust shall name Trustor and Beneficiary as in-
<br />sureds, as their respective interests may appear, and proviu'e That there shall ten do cancellation or modification without any less than 15 days
<br />prior written notification to Trustee and Beneficiary. In the event any policy hereunder is not renewed on or before 15 days prior to its expiration
<br />date, Trusses or Beneficiary may procure such insurance in accordance with the provisions of paragraph 7 hereof. Trustor shall deliver to
<br />Beneficiary the original policies of insurance and renewals thereof or memo copies of such policies and renewals thereof. Failure to furnish
<br />such insurance by Trustor, or renewals as required hereunder shall, at the option of Beneficiary, constitute a default.
<br />S. Taxse, Assessments, and Charges. Trustor shall pay all taxes, assessments and other charges, including, without limitation, fines and im-
<br />positions attributable to the Property, and ieasshoid payments or ground tents, if any, before the same become deliquent. Trustor shall promptly
<br />furnish to Beneficiary all notices of amounts due under this paragraph, and in the event Trustor shall make payment directly, Trustor shall prompt.
<br />ly furnish to Beneficiary receipts evidencing such payments. Trustor shall pay all taxes and assessments which may be levied upon
<br />Beneficiary's interest herein or upon this Deed of Trust without regard to any law that may be enacted imposing payment of the whole or any
<br />part thereof upon the Beneficiary_
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