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<br />DEED OF TRUST
<br />
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<br />83- 00532,6
<br />
<br />THIS I>EED OF TRUST, is made as of the
<br />191I:l by ctndamong
<br />
<br />BRUCE LANDERS and VIRGINIA LANDERS,
<br />whose mailing a.ddress is
<br />
<br />309 Thebe
<br />Cairo,NE 68824
<br />
<br />THE STATE BANK OF CAIRO, CAIRO, NEBRASKA
<br />whose mailing address is
<br />
<br />Cairo, NE 68824
<br />
<br />and JAMES LEO WORTMAN,
<br />whose mailing address is
<br />
<br />311 West Tenth
<br />Wood River, NE 68883
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, con~
<br />veys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the
<br />benefit and security of Beneficiary, under and subject to the terms
<br />and conditions of this Deed of Trust, the real property located in
<br />the City of Cairo ,County of HAlt '
<br />State of Nebraska, and legally described as follows the "Proper.ty"):
<br />
<br />Lots Seven (7) and Eight (8), in
<br />Block Seven (7), in the Original
<br />Town of Cairo, Hall County, Nebraska
<br />
<br />TOGETHER WITH, all rents, easements, appurtenanc(,s, h,' '-'" Ii'
<br />ments, interests in adjoining roads, streets <lnd <lllc;",;,iml"'\V
<br />and buildings of any kind situated th,~rcon and all pcn;ooill \,"01""
<br />that may be or hereafter become an integral part of such buL i d l 11;, ,,'
<br />and improvements.
<br />
<br />The Pt.operty and the entire estate and interest COl\vcy"d to
<br />the Trustee are referred to collectively as the "Trust Estate".
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />a. Paymellt of indebtedness in the total principal fHll()Ulti of
<br />~ IIt.490,OQ . . ' with interest thereon, as evitknced oJ' I hat
<br /><:::eri:8cinpromissory note of even date (the "Note") wHil (J lllU'llJ"iJ Y
<br />date of . , executed by Trustor, which
<br />h.~.s been delivered and is payable to the order of Beneficiary, q.;
<br />whlchby this reference is hereby made a 'part hereof, and any and
<br />;11t 1l1pdii'lca,tions. extensions and renewals thereof', and
<br />
<br />b. PaYIl!1ilnt of aU sums advanced by Beneficiary to protect tht
<br />T:r\l11t !:;stat:e, ",.iell interest thereon at the rate of 12 pCt'(>'ni
<br />p"lr afmum. ---
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