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85, 004340
<br />DEED OF TRUST
<br />THIS DEED OF TRUST, madethl3.Jth dayof_ SePtem er ,tgk by and among 3,Qr
<br />whose mailing address Is (Street) 320 North Road -(city) . =rand Tsl_ n jd.
<br />1 (stare and ZIp) Nebraska 6V01 (herein "Trustor"); and Bank of Doniphan___ __ ^_! _ whose
<br />Mailing addressls(Strset) P.O. Box B (city) Doniphan (ststeandzip) Nebraska_ 68 A32
<br />(H"n"Trustee °) ;and Bank of Doniphan whose mailing addreosis(Street) P ^O• Box
<br />(city) (state and Zip) Nehr1_LLa 6-ql '32 , (heroin "Beneficiary"),
<br />FOR VALUABLE CONSIDERATION, Including the Indebtedness identified herein and the trust herein created, the receipt of which Is hereby
<br />Trustor irrevocably grants, transfers, conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and socur-
<br />Ity of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real property described as follows:
<br />Lot One (1) Ed Ross Subdivision. Number Two S2) of a part of
<br />the Northeast Quarter (N! 4) of Section Two ,2 , Township
<br />Eleven (11) North, Range Ten (10) Ifie st of the tith P..'-%
<br />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 Truslor now has or may hereafter acquire in the real property; all easements, rights-of-way, tene-
<br />ments, heredltaments 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 right -ol -way of any street 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 />All of the foregoing salate, property and Interest hereby conveyed to Trustee herein collectively referred to as the "Property-'.
<br />THIS DEED OF TRUST SHALL SECURE:
<br />(it) The payment of Indebtedness evidenced by Trustor's note of even date herewith in the principle sum of 'ill rtP e rT�?ousa nd & E'sr�
<br />Dollars (>i , L 090.01 __), together with interest at the rate or rates provided therein, (herein, together with any and all
<br />renewals, modifications, 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 prindQQal and interest, if not sooner paid and it no
<br />renewals. modifications or extensions are made, due and payable on .� YC:AbeZ'._- j,'.__l.i" 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 ,,OVENANTS AND AGREES AS FOLLOWS:
<br />1, PBYfOOM Of Prtnelpal and Interest. Trustor shall promptly pay when due the principal of ana interest on the indebtedness evidenced by the
<br />NOW and as other charges and fees as provided In the Note, and the principal of and interest on any Future Advances secured by this Deed of Trust
<br />2, Walrronlyof Tiflis. Truslor is lawfully seized and possessed of good and indefeasible title and estate to the Properly hereby conveyed and has
<br />the right to gran) and convey the Property; the Property Is free and clear of all lions and encumbrances except liens now of record; and Trustor
<br />will werranl and defend the the to the Property against all claims and demands.
<br />& MaNNanano0 and Co"Nonce with laws. Trustor shall keep the Property in good condition and repair and shall not commit waste or permit
<br />Impairment 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 />maid, 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 low, ordinance, regulation, covenant, condition or restriclion. Trustor shall com•
<br />pNleor rat lore 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. MaaraOM Truslor, 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 1083 by fire, lightning, tornado. and other perils and hazards covered by standard extended
<br />C~spe endorsement, In on amount equal to at least one hundred percent of the full replacement value thereof and insurance against such
<br />other hoards had in such amounts as is customarily carried by owners and operators of similar properties or as Beneficiary may require for its
<br />protection, Truslor will comply with such other requlremenle as Beneficiary may from time to lime request for the protection by insurance of the
<br />intersste of IM respective parties, All insurance policies maintained pursuant to this Deed of Trust shall name Truslor and Beneficiary as in•
<br />S11rerIs, as their respeclive Interests may appear, and provide that there shall be no cancellation of modification without any less than 15 days
<br />pow written notification to Trust" and Beneficiary. In the event any policy hereunder is not renewed on or before 15 days prior to Its expiration
<br />dole, Trustee or Beneficiary may procure such insurance in accordance with the provisions of paragraph 7 hereof, Trustor shall deliver to
<br />Beneficiary the original polices of insurance and renewals thereof or memo copies of such policies and renewals thereof Failure to furnish
<br />Such ineWance by Trustor, or renewals as required hereunder snail, at the option of Beneficiary, constitute a default.
<br />5, Tesiw, MaeaMeMa, afW Charges. Trustor shall pay all taxes, assessments and other charges, including. without limitation, lines and irYn
<br />poeHlons atlnbulabe to the Property, and leawhold payments or ground rents. If any, before the same become daliquent. TruSlof shall promptly
<br />furnish to Bereficery all notices of amounts due under this paragraph, and in the event Truslor small make payment directly, Trustor shall prompt
<br />ly furnish to Beneficiary receipts evidencing such payments. Truslor shall pay ell taxes and assessments which may be levied upon
<br />BMNtctory s Interest herein of upon this Deed of Trust without regard to any law that may be enacted rmpOSing payment of the whole or any
<br />pert thereof upon the Beneficiary,
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