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FLs flees (846)
<br />yaw KNOW Fotleral band thank of Page 1 of 4 Omaha ' � ¢_ . .
<br />309 -1 9235240
<br />TRUST DEED 85- 004425
<br />THIS TRUST DEED, made this 11 th day of September '19 85 by and between
<br />Arthur A. McDowell and Arliss J. McDowell, husband and wife,
<br />whether one or more, hereinafter called " Trustoe, whose mailing address is
<br />Rt. 1, Box 24
<br />Trumbull Nebraska and
<br />The Federal Land Bank of Omaha, as "Trustee" and "Beneficiary," whose mailing address is 206 South
<br />19th Street, Omaha, Nebraska 66102.
<br />WITNESSETH: That Trustor, in consideration of One Dollar ($1.00) and other valuable
<br />consideration, receipt whereof is hereby acknowledged, grants, conveys, sells and warrants to
<br />Trustee, in trust, with power of sale, the following - described property, situated in
<br />Hall County, Nebraska:
<br />NEk NEit Section 36, Township 9 North, Range 9 West of the 6th P.M.
<br />This Trust Deed is filed to supplement the mortgage recorded as Identification
<br />No. 84- 001418 and 850910. This Trust Deed is given as additional security and
<br />in consideration of the original loan, Loan No. 309 -1 9235240, and in further
<br />consideration of Differential /Variable Interest Rate granted under the note
<br />secured by the mortgage. In the event of default under the terms and conditions
<br />of the mortgage recorded at Identification No. 84- 001418 and 850910 in connection
<br />with said original loan, or default under the terms of this Trust Deed, the
<br />mortgage may be foreclosed and Beneficiary herein may exercise its remedies as
<br />provided in paragraph 15.
<br />The intention being to convey hereby an absolute title in fee simple, including all the rights of
<br />homestead and dower, together with all the improvements, now or hereafter erected on the property,
<br />and all sat;tements, rights, appurtenances, rents, issues, profits, crops, royalties, mineral, oil and gas
<br />rights and profits, water rights and stock and all fixtures now or hereafter a part of the property. All
<br />nplapmants and additions shall also be covered by this Trust Deed. All of the foregoing is referred to
<br />in this Trust Data as the "Property..,
<br />FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor
<br />contsined and the payment of the principal sum of ONE HUNDRED EIGHTY -SEVEN
<br />AND AND 140 1100 - - - - - - - - - - - - - Dollars ($ 187,000.00
<br />as evidenced by a promissory note baring even date at the rates of interest thereon which may
<br />hereafter be paid or advanced under the terns of this Trust Deed; both principal sum and interest
<br />thereon being payable according to the terms set forth in said promissory note, reference to which is
<br />hereby made, at the office of the Beneficiary in Omaha, Nebraska, or at such other place as the holder
<br />may deeignate in writing, the final payment of principal and interest, if not sooner paid, shall be due
<br />and payable on the !at day of January , 44 2010
<br />Trustor and Beneficiary covenant and ogres as follows:
<br />1. well eagratTtraTtwatlsNMnwyn +sworthaPro Deity: Tnlabrh.. Q000ngmatduwfwauthontytossaafldconwyth.
<br />Property; the Property Is Mae and Clear of all tiaras and arwumbranoss except nets now of record: and Truss or will warrant
<br />and deft" 00 #ft to the Property unto the Trusess and its MaC* eserewd assigns forever. "anotthe C$NWN of all
<br />Trusser, at Its a ipanes win instil afn and preaarve the mart of this Trust Deed as a lien upon the Property sulltaot only to
<br />encumbrarroes aaNnng ere of the data hereof, will ca usethis Trust Deed. and each ernendment or supplement thereto, to be
<br />Iliad and *c, d- a a Ilen on die Property in such manner and in such plea, and win take such other action as in the
<br />*Onion of Trusessmay be re"red by any present or future law In order top~. maintain and pt else the Ifen of this Trust
<br />Dead, ar me frame may be from time to time ami road or suppiame rim.
<br />2. PaIION M of PrItwIOM and kdw** . Truster troll punctually pay the principal of, and Interest on, said promissory note
<br />WAkW nganyNWW% estherstoe provid ed hereinonthedwas andatthe placea ndInthemannerprovidedthereinandwill
<br />punctually parlonh aN agreements, conditions and provisions of any other security InatrumeAt given In connection with this
<br />vwwween,
<br />S. Praoseasoa aMe N MIott m of Pi"alig. Trwlor win not commit any waste upon the Property and will, at all time.
<br />ntakroab tits some In good order and condition and will make, from time to time. all repo m ronewaN, replacements.
<br />addMofle and Improvements which are reasonably required to prevent waste, impairment, or deterioration of eid Property.
<br />IVo building or improvo w now or horetlo erected upon the Property shell be intense, removed or demolished without the
<br />prior writlart cofaant of aensf Lary.
<br />4. 00now to PNprly in ere of any damage to, or deatruction of, the buildings, improvements or personal property
<br />constituting part of the Property, whetne Such lee Is covered by insurance or otherwise, Truster, at its sole cost and
<br />"penes, will promptly rasters, repair, replace and rebuild the Unit as nearly as practicable to its condition immediately
<br />POW to such damagtar destruction or with Such changes and alterations as Truster may d"m appropriate, provided such
<br />Changes and sWerfions do not materially Wow the value and utility of Such buildings, Improvement$ and personalty from
<br />that existing Immediately prior to Such dams" or destrucilon. Truster shall be entitled to relmhursement from the Trustee
<br />to the extent of the net Insurance proceeds received by Trust ", but only to the extent of the actual sum expended under this
<br />provision.
<br />W
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