|
<br />N
<br />(Sl
<br />(Sl
<br />CP
<br />(Sl
<br />..j::o.
<br />......
<br />-.J
<br />en
<br />
<br />;0 on r~ ITf
<br />cJ~ m -. J> =:> (") Ul ~
<br />C) (?rn fQ C! m (II ~ 0 -i c:> m
<br />7iJ . Z I Z n :r ~l.. -=> c: :t>- N ::0
<br />:!l """, - m n '" ,.-\,....;:, z-i rr
<br />-. '!::,.\J::;:: Z m:I: ~ 0 ::o~ = -i m c::l 1
<br />O~'K. \I' ~ (I).. f'Tl -c: -< 0 0
<br />rJ -. n (I) (;0;)-...... 0 ., c::> :>
<br />H..c.r ~::t .- en.
<br />." c::. -., -'- ., z co z
<br />\'03 .....l :r:m
<br />p -..(. ~ r -0 1> CD c::l ~
<br />~ ~ ~~ ::3:;:;; -C~
<br />L, \.... C/l ........ (I) ........ s:
<br />~ \l' '?..... /"\,) ^ m
<br />I'!\ 0 \~ -c __.:: -.J ~
<br />~ 0 c.n en Z
<br />~ c.n 0
<br />
<br />~ TRUST DEED ......<tJ. $0
<br />
<br />THIS DEED OF TRUST is made on April .:zf/ ,2008. The Trustors are Gregory R.
<br />Gannon and Sherryl J. Gannon, husband and wife, (collectively"Borrower"). The Trustee is Denise
<br />D. Myers, of Lauritsen, Brownell, Brostrom, Stehlik, Myers & Daugherty, 724 W. Koenig Street,
<br />Grand Island, Nebraska 68801, ("Trustee"). The beneficiaries are Merlin Rathman and Maxine
<br />Rathman as Trustees of the Rathman Family Trust, 11555 W. Guenther Rd., Wood River, NE
<br />68883, ("Lender"). Borrower owes Lender the principal sum of One Hundred Sixty Thousand and
<br />00/100 Dollars ($160,000.00). This debt is evidenced by Borrower's note dated the same date as
<br />this Security Instrument ("Note"), which provides for payment of accrued interest in annual
<br />payments. The Deed of Trust (sometimes referred to herein as "security instrument") secures to
<br />Lender: (a) the repayment of the debt evidenced by the Note, and all renewals, extensions and
<br />modifications; (b) the payment of all other sums advanced under paragraph 4 to protect the security
<br />of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For
<br />this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the
<br />following described property located in Hall County, Nebraska:
<br />
<br />A tract of land comprising a part of Lot Four (4) in the Southwest Quarter of the
<br />Southwest Quarter (SW1/4SW1/4) of Section Thirty Three (33), Township Ten (10)
<br />North, Range Eleven (11), West of the 6th P.M., in Hall County, Nebraska, more
<br />particularly described as follows:
<br />
<br />Beginning at a point on the West line of said Section Thirty Three (33), said point
<br />being Two Hundred Ten (210.0) feet North of the Southwest corner of said Section
<br />Thirty Three (33); thence Northerly along the West line of said Section Thirty Three
<br />(33), a distance of Two Hundred Twelve (212.0) feet; thence deflecting right 84 020'
<br />and running Northeasterly, a distance of One Hundred Seventy Seven and Seven
<br />Tenths (177.7) feet; thence deflecting right 86054' and running Southeasterly, a
<br />distance of Two Hundred Twelve (212.0) feet; thence deflecting right 93019'30" and
<br />running Southwesterly, a distance of Two Hundred Ten (210.0) feet to the place of
<br />beginning.
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water
<br />rights and stock and all fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
<br />Security Instrument as the "Property".
<br />
<br />BORROWERS COVENANT that Borrowers are lawfully seised of the estate hereby
<br />conveyed and have the right to grant and convey the Property and that the Property is
<br />unencumbered. Borrowers warrant and will defend generally the title to the Property against all
<br />claims and demands, subject to any encumbrances of record.
<br />
<br />COVENANTS. Borrowers and Lender covenant and agree as follows:
<br />
<br />1. Payment of Principal; Prepayment and Late Charges. Borrowers shall promptly pay
<br />when due the accrued interest on the debt evidenced by the Note and any prepayment and late
<br />charges due under the Note. Prepayment of principal or any part thereof, shall be allowed without
<br />the prior written consent of Lender.
<br />
<br />2. Charges; Liens. Borrowers shall pay all real estate taxes and assessments attributable
<br />to the Property which may attain priority over this Security Instrument, and leasehold payments or
<br />ground rents, if any.
<br />
<br />Borrowers shall promptly discharge any lien which has priority over this Security
<br />Instrument unless Borrowers: (a) agree in writing to the payment of the obligation secured by the
<br />lien in a manner acceptable to Lenders; (b) contest in good faith the lien by, or defend against
<br />enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the
<br />enforcement of the lien or forfeiture of any part of the Property; or (c) secure from the holder of the
<br />lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If
<br />Lender determines that any part of the Property is subject to a lien which may attain priority over
<br />this Security Instrument, Lender may give Borrowers a notice identifying the lien. Borrowers shall
<br />satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of
<br />notice.
<br />
<br />3. Hazard Insurance. If required by Lender, Borrowers shall keep any improvements now
<br />
<br />1
<br />
|