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004457
<br />' DEED OF TRUST
<br />THIS DEED OF TWAT, made this 16th d.ydf July 19 85 tryand6movig Vernon D. & Patricia A
<br />Bredthauer whose mailing address I, (street) Rt . 1, Box 5 (city) `;food River
<br />NE 6$$$3 [Sank of Doniphan whose
<br />ytaN and ZIP) (herein "Trustor'); and
<br />n�.�np dd►«sletatr..e1 Box B (city) Doniphan (StaleandZip) N= 6$$32
<br />(FNrNn "Truatw and Bank of Doniphan who" mailing address ls(Street) Box B
<br />tClh�) Doniphan (stateandzip) NE 68832 (hNNn'Bensikiary„).
<br />FOR VALUABLE CONSIDERATION, Including the Indebtedness Identllied herein and the trust herein created, the receipt of which is hereby
<br />acknowledged, Truaw krevoodbty grants, transfers, conveys, and "signs to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and secur-
<br />fry of Barra clM, under and subject to the terms and conditions of this Deed of Trust, the real property described "follows:
<br />See attached legal descriptions.
<br />This deed of trust corrects legal description errom on previously filed
<br />deeds of trust numbered 85- 003430 & 85-0b4129.
<br />Error will be corrected to t SE 36- 10 -12 from NE3. 36- 10 -12, Ball County,
<br />Nebraska, on top attached legal description.
<br />TOWTHER WITH, all ►ants, profits, royalli", Income and other benefits derived from the real property; all less" or subleases covering tin real
<br />or hereafter existing or entered Into, and all right, title and Interest of Trustor thereunder, all interests, estate or
<br />property or any portion thereof, now
<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, tons -
<br />ments, heradRaments and appurtenances thereof and thereto; all oil and gas rights and profits, water rights and water stock; ale right, title and
<br />interest of Trwfor, now owned or hereafter acquired, In and to any land lying within the right-of-way of any st•aet or highway adjoining the real
<br />property, any and all buildings, fixtures, Improvements, and appurtenances now or hereafter erected thereon. or belonging thereto, (herein
<br />g
<br />*to ed `o as "ImprovaMnt' or Improvements'); and any and all awards made for the taking by eminent domain, or by any proceeding or pur-
<br />chaae In w4u th~, of fhe whole or any part of the real property.
<br />AN of the foregoing elate, property and interest hereby conveyed to Trustee herein collectively retorted to as the "Property".
<br />THIS DEED OF TRUST SHALL SECURE:
<br />X150.7 ��
<br />"
<br />+
<br />(al The payment of indebtedness evidenced by Trustor's note of even data here with in the,._;nziplc sum of .
<br />Dollars M 15 .000 . W together with Interest at the rate or rates provided therein. (herein. together with any and all
<br />renewals, modMkations, and extensions thereof, referred to as the "Note") both principal and interest on the Note being payable in accordance
<br />with the team to forth thNNn, reference to which Is hereby made, 1146psyq�snt of principal and interest, if not sooner paid and if no
<br />rNtawW, modiflcatlons or extensions are made, due and payable on — <� " a=
<br />(N The performance of each agreement and covenant of Trustor heroin 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 flea Deed of
<br />'
<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 />(e) 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 />x
<br />I. PayfMM of Pik , ei ale m Trustor shall promptly pay when due the principal of and interest on the indebtedness evidenced by the
<br />NON, snd ale OIfm diarg s and feas as provided In the Note, and the principal of and interest on any Future Advances secured by this Deed of Trust
<br />2. wantMyel TMs. Trustor Is lawfully salted and possessed of good and indefeasible title and estate to the Property hereby conveyed and has
<br />Ito rigM N grant and oww" the Property; the Property is Ives and clear of all liens and encumbrances except liens now of record; and Trustor
<br />will warrant and defend the title to the properly against all claims and demands.
<br />3. Yellaso Ganes aMCealpManes wNh Laws. Trustor shall keep the Property In good condition and repair and shall not commit waste or permit
<br />$.
<br />krlpalrment or dNarlaatbn of the Property and shall comply with the provisions of any lease if this Dead of Trust is on a leasehold. No Improve-
<br />mart. nowor hvNflMNacted upon the Property shall be altered, removed or demolished without the prior written consent of Beneficiary. Trustor
<br />shall comply with all lows, Ordinances, regulations, covenants, conditions and restrictions affecting the Property and not commit, suffer. or per-
<br />mN any eat to bedom to or upon the Property In violation of any law, ordinaries, regulation, covenant, condition or restriction. Trustor shall come
<br />pisN or r -!, pronnplly and In good workmanlike manner any improvement on the Property which may be damaged or destroyed and pay, when
<br />dare. aH clohn for labor performed and materials furnished therefore and for any alterations thereof.
<br />4. InaMaMw Trustor, N its expense, will maintain with insurors approved by Beneficiary. Insurance with respect to the Improvements and per.
<br />sank property, "notiming the Property, against loss by fire, lightning, tornado, and other perils and hazards covered by standard extended
<br />c wv. arldorsoment, in an amount equal to at least one hundred Percent of the full replacement value thereof and insurance against such
<br />OtIW hazards and M amM amount* "Is customarily carded by owners and operators of similar properties or"beneficiary may require for its
<br />0 rolaa110 Truslor will comply with such other requirements as Sanafklary may from time to time request for the Protection by Insurance Of the
<br />Int weefs of this respective parties. All Insurance policies maintained pursuant to this Deed of Trust shall name Trustor and Bemliclary " in•
<br />oereft as thsk reap , his Inl~8 may appear, and Provide that there shall be no cancellation or modification without any less then 15 days
<br />prior m Now notifloation to Trustee and Beneficiary. In the event am policy hereunder is not renewed on or before 13 days prior to Its expiration
<br />dies, True or bmfklary may PrOCUre such Insunrka In accordance with the provisions of paragrsph 7 hereof. Trustor shall driver to
<br />BsMificl ry tin "" poklos Of Insurance and renewals thereof or memo copies of such policies and renewals thereof. Failure to furnish
<br />sufth MNYrence by TrUMOr, Or rsnNYNa a. required hereunder shall, N the option of Sent Wary, constitute a deloull.
<br />tb Tams, Asssssi laMS, and Chalrse. Trustor shall pay all tax". assessments and other Charges, including, without limitation, fines and Imo
<br />poaNlam Msiftliablo o the property, and e"shold Payments or ground rents. 11 any, before the same become delfguent. Trustor shall promptly
<br />Itinviah to bneHNery ale polkas of amounts due under this Paragraph, and In the Brent Trustor shall mace payment dkecily, Trustor shall prompt.
<br />ly furnish N BertNklary nalpts evidencing such payments. Trustor shall pay all taxes and asess menle which may be lwled upon
<br />BamNNary a kntim heroin or upon this Wad of Trust without regard to any law that may be enacted Imposing payment of the whole or any
<br />W 11 sol VW fin BanNklary.
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