|
<br />
<br />DEED OF TRUST
<br />
<br />83- o Gl'88'2"
<br />
<br />THIS DEED OF TRUST is made as of the .JUJL. day of
<br />
<br />Hartman Cattle Co., A Corporat.ion
<br />addresR is RFD 3, Tecumseh, Nebraska 68450
<br />Richard L. Halbert
<br />address :is 111 East 17th Street, Falls City, Nebraska 68355
<br />State Bank of Elk Creek
<br />il1gaddress is Elk Creek, Nebraska 68348
<br />
<br />April , 1983, by' and among
<br />("Trustor"), whose mailing
<br />
<br />("Trustee"), whose mailing
<br />and
<br />("Beneficiary"), whose mail~
<br />
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to
<br />Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary,
<br />under and subject to the terms and conditions of this Deed of Trust, the real property
<br />located in the ~xxxxxxxxxxxxxxxxxx, County of Hall , State of
<br />Nebraska; and legally described as follows (the "Property"):
<br />
<br />Exhibit A attached hereto and made a part hereof.
<br />
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in
<br />adjoining roads, streets and alleys, improvements and buildings of any kind situated
<br />thereon and all personal property that may be or hereafter become an integral part of
<br />such buildings and improvements, all crops raised thereon, and all water rights, mineral,
<br />oil and gas rights and royalties.
<br />
<br />The Property and the entire estate and interest conveyed to the Trustee are referred
<br />to collectively as the "Trust Estate".
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />a. Payment of indebtedness in the total principal amount of $350,000.00 with
<br />interest thereon, as evidenced by that certain promissory note of even date (the "Note")
<br />with a maturity date of on demand executed by Trustor, which has
<br />been delivered and is payable to the order of Beneficiary, and which by this reference
<br />is hereby made. a part hereof, and any and all modifications, extensions and renewals
<br />thereof, a.nd
<br />
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with
<br />interest there.on at the rate of sixteen percent (.12...%) per annum.
<br />
<br />c. Future'advances with interest thereon as per notes of Trustor not to exceed the
<br />sum of $ 25U,OOO.00
<br />
<br />This Deed of Trust, the Note, and any other instruments given to evidence or further
<br />$ecure the payment and performance of any obligation secured hereby are referred to
<br />col1.e,ftivelyas the "Loan Instruments",
<br />
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />
<br />1-
<br />. i.ntere$t
<br />l'lCovi'ded
<br />
<br />Payment of Indebtedness. Trustor shall pay when due the principal of, and the
<br />on,. the indebtedness evidenced by the Note, charges, fees and all other sums as
<br />in the Loan Instruments.
<br />
<br />
<br />2.. Taxes.. trustor shall pay each installment of all taxes and special assessments
<br />of~va):y k:l,nci. nOW or hereafter levied against the Trust Estate or any part thereof,
<br />Q,t\fox:edelinquency. without notice or demand, and shall provide Beneficiary with evidence
<br />
|