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<br /> . 96..'.(}1(►:��► _
<br /> ` �EEn OF�'RUST WISH FUTURE ADVANCES �.
<br /> TMIS DE�LI OF THUST,ii rt�d�u ot thY—2.day of -- FPhru:�ry� ,19�.2.�by and amonQ
<br /> ttw Truawr, �I.��Q n_ Ri��y�d Sha�on_J Riley, Husband and Wife. and Robert L. Padgett and =
<br /> Julie A. P�dgett, Husbund and WifF. _
<br /> whost ma1llnp add:es�ia 8069 S McGuire Road r Wood Rives. NE 6888��reln"TrusWr:'whsthsr ons or more� -
<br /> � tha Trwtaa, +��k uf Doniph�n. a N�braska Corporatian , �
<br /> � whw�malling addr�a is P 0 Box B, Doninhan, N� 6$�32 (ha�eln"TrustM'7.�nd �
<br /> ��f��y� B nk of Dnnio'�aa � =
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<br /> wtwso mailinp address ia p 0 Box B, Doninhan, NE 68832 (Iwroin"Lartdor'1• r
<br /> FOR VALUABLE CONSIOERATION,includiny Lender's oxter�scr►o!ctedit idantified he�eln to Jamea D. Rilev and E,.
<br /> Sharon J. Riley and Robert L. Padgett and
<br /> iulie A. _Pade�t,L, (herart"6;.rrrwer",whether one or more)end the iru9t herein crenWd, �
<br /> the rec,�ipt of which Ia heraby acknowledyed,l'rustor hereby irre�xa�ty qranta t�anaie�s,conveys and assi�na to TruaWa,tN �
<br /> 1'RUST,WITH POW ER O�SALE,for the benetit and sacwtty of Lender.��der an3 s�:bject to the ter�na and condidone hereinatWr sot �
<br /> twth,the roal property,described as toltowx iF
<br /> (See Legal Attached) =
<br /> 7 TogFGtier with all buildinys,improvementa,ilxturea,streets,a+lays, paasapeways,easemants,riyhts,privife�es and appurta- _
<br /> ■ nances P�ted thereon or in anywise pertaininp thereto,and t�ti�rents.isauss and protits,reversions and remainders then�of,and -
<br /> i such personal proparty that 19 attachod to the improvements sc+as to consUtute a ilxture,includln�,but not Umited ta,haa6nq and _
<br /> � coaling equipmen�and topether with the homestesd or marital intzrests,i1 any,which intereats are hereby relessed artd w�i�ad;atl
<br /> - Of whlch,Includin�re�lucements and additlor►s thereto,is hereby declared to be a part of the real estate secur�ed Dy the l3en o1 this
<br /> Deed ot Trust w�d a!1 cY tha foreSolny bein�reterred to herein as the"Property".
<br />:y This Ooad of Trust shall secuc�a(a?Uw payment of the priRClpal cum and lnte�eat evide�ced by a promissory rwi��credit
<br /> - �r�=�� FPh��_„ary 9_ 1996 ,hav�ng a maturiry date ot Fehruary 2. 20 3 ,
<br /> = in the origlnal princtpal amount of S 50.000.00 ,and any and ail modif)caUona,extension�ar�fenewals
<br /> " tt�e�eof�a thereto and any and all future advances and readvances to Borrower(or any of them ii mare•.han ons;t�eunder
<br /> pursuzni to one or rtwre promissary note9 or credii a�reements(herein called"Note'�;(b)the�yment of p�sums adv�ed by
<br /> Lender W pratect the aecurity of the Note;(c)the pe�tormance ot n1i covenanta and a�reements at Trusfor aatfoNf hwe+n;and id)all
<br /> prssent and tutura indebtadness a�obOqaUona of Borrower(er any of them ii more than one)to Ler+der whather dire..�,afslirect,
<br /> - abeotute or conUn�ent c.�d whett�er arisinp by note,9uaranty,overdratt or otherwise.The Note,thk Qoac9 oi 7�;ist a�sd any and all
<br /> � otltier docuenb that soc�rathe Note or otfierwisa exacuted in Connectlon therowith,includi�wittwut iimitaiian�.iara��tees,�ecu►iry
<br /> aar�rt�nts and astipnme�ts ot teases and re�ts,shall be rQier�ed to herein as the"Loan Oocuments".
<br /> � Truator covenants and agrees wah Lender a9 tolbws: _
<br />-'�' t.Paym�q of kidsbt�dnM�. All intlebtednesa sacured horeby shall be paid when due.
<br /> ��� 2.TNN.Trustor ia the owne�of the Property,has the riyht and authorlry to co�vey the Property,and warrants thaC¢he Ilen
<br /> � created hereby is a 8rat and prior Ilen on the Property,except for Iiens and encumbrances set torth by Sr.;stor in writiny and
<br /> - dN ivaed ta Lender bofore execuUon o}this Oead ot Truat,and ttw executlon and delivery ot thta Deed ot Tr�s:does not violate any
<br /> conVact or Wh�r oblipadon to which Trustor i�subject
<br /> 3.TaxM.Ass�nwnl�.To pay betore dNtnquency all taxes,special aasessmonts and ali ott►er char�es a�s(nat the Property
<br /> now or neroatter�evtod.
<br /> 4. iMUrano�.To keep the Property inaursd ayainst damaQe by fire,hazards included within the tetm"exter.ded cave�a�e",arfd
<br /> wch othW hazarda as lendar may require.in amaunts and with compsnios accaptabie to Lender.namin�Lender as an addiUon*1
<br /> named inwnd�wlth to�s payabb to ttw Londer.ln case of loss unde►such poticiea.the Lender is auttwr�ed W adjuat coilect and
<br /> compromise,all clalms thereunder and shall havQ tha opUon of appiying atl or paR ot the inaur�nce procee�s(�to any indebtednes�
<br /> secured hereby and in such order aa Lender may detertnine.pi)to tfie Trustor to be used for tha rspairor restoradon of the Propsrty
<br /> or(iiq for any other purpose or object satiatactory to Lender without atfectln9 the Iten of thia Desd af Trwt for the fail amount t�cursd
<br /> hereby bstore auch payment ever took ptace.My a�plicaUon ot proceeds to indebte�dness shall not extend w patpona 1ha dw
<br /> date of any paymente under the Note,or cure any dehuit tlwreunder or herounder.
<br />_ 5. E�cww.Upon written demand by Lende�.Truator shall pay to Lender,in auch manner as Lender rnay desipnate�wfficient
<br /> sums to enabte Lender to pay as they become dua one or more of tha followin fl:(i)ail taxes.nasessments and other charpes syainst
<br /> ths Props�ty.(ii)ths promiums on ths p►opeAy inwrance raqWred hereundsr.and pii)ttw premiume on any mort�ys inwranc�
<br /> r�ulr�d by Lender.
<br /> 8. MainMnanc�,R�paUs�nd CanpYa�with Laws.Trustor shaU keep the Properry in�ood condiUon and repair,ahall =
<br />- promptly repalr,or repl8ce any improvement which may be damayed a desVOyed;shail not commit a permit any wa�ts or
<br /> det�rioraUon ot the Properly;shaU not remova,demoUsh w substantialty alter any o}tha improvertients an Cw Proporty;ahall not
<br /> commit,suffer or p�mi!any act to be dorw in or upon the Property in viotaUon oi any law,ord(nanCe,or r�tcfaacn;and shall pay and
<br /> i promptly discharpe at Trustor's cosi and ezpenae ail Uena,encumbrances and char�oe levled.impos�cr�ssosted asainst the
<br /> P�cperty or any part tlwreof.
<br /> - 7. Eafin�M Do��f.Lender is haeby aaei�ned a!I compensaUon,awa�ds,damapes and c:tfier payme�ts or reilef(hereinatter
<br />= "Procs�ds�in connx�on with condemnaUon a ottwr taking of the Property or part thereof,orkx conwyar�ce i�Ileu of condernna-
<br />= Uon.Lsndsr shail�s ec�Ued at its optlon ta ccrrsme,zce,appear in and proseczYe in it�own name any acGac�ar pracsedir±pt,and -
<br />_:� �ll also bo or►tltiod t4 make any comptomise or sa:ileme�t in connectton w:tfi such takir�or dama�a la thQ event any portlon of `
<br /> the Prcp�rty b so taken or dama�ed.Lendsr sha:�navo the opUon,tn itt sola and ebsolute discratlon,ta a�:pty all auch Proca�ds,
<br /> � aft�doductl�iy theretrom ail cotts and expenses incurred by it in oonnectlon with such Proceeds,u�on any indebt�dness�ecured
<br /> �, hereay�r�0 in auch order as L�ndw may determine,or to appty all such Proceeda,atter wc?s C�aductlons.to the restoratlon of the
<br /> - Prop�rty upon auch condiUOns as Lwider may determine.My applkation of Proceeds W IndebfeCcwsa shalJ not extend or postpone
<br /> the due date of any payrrwnts undw the Note,or cure any default thereundar or hereunder.ArsyF unapFlied funds sf�aU be Paid to _
<br /> : Ttwtor.
<br /> 8. P�rlorms���by l.�nd�r.Upon the occurrence of an Event cf Defauit hereunder,or if aRy:ct is ta.keXa ar lesal procsadlnD
<br /> commencod which mat�rlaUy ef�ects Lender's interest in the Property,LenGsr may in ita own�is:.retia.^�,���t wif�out oblipaUon W do -
<br /> so.and wiMout rtotice to or demand upon Trustor end without reteaaln�Trustor from any od:iQation,da any act whkh Trustor haa =
<br /> a�raad but tails to do and may aiso do any other sCt N derems necessary to protact tha securiry hereo}.Trustor shall,immediately =
<br /> upon demand thpretor by Lender,pay to Lender all costt end expenses incurred and sums expended by Lender in connecUon with =
<br /> the exercise by LerHler o1 the toreyoinp riphts,topether with intsrstt thsreon at ths d�fauit rate provided in the Note,which al1aU be -
<br /> added to th�Indebisdn�ss sacurad hereby.Lende�shall not incur any liabiliiy bacauso 01 anythin� it may do or amH to do -
<br /> '� twr�unda'. --
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