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<br /> ���� ��T�3�D�T V�iY�I FU1 t9�8� ADl1A�dC�� ��
<br /> 2f3 Pe br°uarv �,10�U tsy end emunp :',:
<br /> YHi3 OE�D�F 7R!lST,la mscle a�01 tha�_._�dny o1_�' - __
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<br /> `�� thBT�ultor, �a�n �y• ll�ocht and__ usan . Utecl�},,4:. husband afld wife �,.,._..,., w.,
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<br /> �.;�'':�.� whosemelilnfl�ddreae I•
<br /> 103 �. Duffa�a �d.� Aon.ipha�P1L „ �hereln"Trwto�;'�hether one nr more), �"
<br /> j :��� fi19YYUoie6, ���k of Doni�.�ht�n ... ___ , w_
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<br />-r�� whusemallinp�ddreaala.P•�• gox H� Doniphan� NE 6$$32 (here�n"Truatee'�,and =,
<br /> �� thOBe�eflClBry. ��lY1�S� of Doninhan, ---� °"
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<br />� � �'�•+�i P 0. ox B o hs�n �I ,E 6F3�33 2 .(hereln"Lender"). -
<br /> .,,�i�,� whose maillrtg 4adr�sa Is—� ���.P-. F
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<br /> :<<t�.` FOR VALUA�LE CONSIDERA710N,inr,t�cdlit�Lander's extenalon ol crodlt identifiod herela�to JAhn W. l)t eCht �
<br /> ,r:;� anel Susan K. U te cht, husb�nd and ih},J�e�i�sorrower�,whetteer one or more)and the truet he►eln crested,
<br />+:� �►:s receipt oi whlGh Is horeby ecknowle�ged,Trustor hereby Irrevocably flrAnt�,tr2nsfers, convoye end aeslgna to Truetee,IN
<br /> �'RU�T,WITH P�UW�R OF SALE,tor the ben�tit and aecuvibj oi I.onder,under and sul�3ett 4o th�terma and canditlons hereinaft�r set
<br /> ;���' tortn.the roel property,descrtt�ed aa taiowe:�t TYiirteen (13) Pioneer Acre e 5ubdiv3 sian� • _
<br />:=�=��� located in Soction `�wn (2), Townshi Ni.ne �9)� L�fest of the 6th P.P�f. , Hall
<br />�;�%� Count��, Nebraska and 1�ot Fifty Six �5�) in Airaek Aeres �ayt Subdi.visi�n, :
<br /> - Ha11 c;ou.�ty� ..�bra:.?ca . _,
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<br /> � ���� Together uulth all buitdings,lmprovomento,fixtureo,streats,�Iloy�,passageways,easement�, rights,privllepes and appus3a-
<br /> �,;_,:;...�.
<br />__�'°_;���' nartceo located lhereon or In enywlse pertalnlnp thereto,end the ren4�,Is�ues and profita,reveralons and remaindero thereot,e���1
<br /> ---A`� such personal pTOperty that ia ettached to the Improvemente ao ae to constltute a fixtura,Includin9,but not limlted to.heatin��nci _
<br /> �� cooUng equlpment;end toQether with the homestead or marital intoreste,If any,whlch Interests are hereby released and waiv�c9;�lt
<br /> --- otwhlch,inoluding replacemonta and addlttons thereto,is hereby declared to be a partof the resl estate eecured by the Uen of 4his
<br /> Lfeu�l of'Trust and all of the toregoing being referred to herein as the"Proparty".
<br /> __-_- 7h19 Ooed ot Truat ehell secure(a)the payment of the principal sum and Interest evidenced by a promisaory note or credlt
<br /> v-� r' agreoment dated February 2$' 199,�_,heving e maturity date o1��ust 26,� 1996 ,
<br /> -= In the original prinalpal amount of S ��K nnr�_oo ,and any and all modNlcation�,extsnalona and renewals
<br /> �-:.:;� thereol ov thareto and any and all tuture advencea and readvancea to Barrower(or eny oi them if more than ane)herounder
<br /> --=.� pureuant to one or more promisaory notes or credlt agreemAnte(herpin callod"Note");(b)the paymont o!other s��ma udvanced by
<br /> Lender to protec2 the eeauri2y ot the Note;(a)the performance of al I cavonanta snd ag►eemente of Trustor set torth hareln;and(d)�►II
<br /> preaent and tuture Indebtednese end obllgattona o}Bor�ower(or any ot them if more than one)to Londer whether direc�Indlr�ect,
<br /> �bsolute or continpent and whether arisl�g by note,g��avt►nty,overdreft or otherwise.The Nole,this Deed of Truat ertd eny end a�l
<br /> other docuents that eecuro tbo Note or otherwiae execc:t�d in conneutlan therewith,in�ludtng without(lmitation pueranteee,eeaurity �
<br /> �preemente and eealgnmento ot leases and renta,shsll be reterred to hereln as the"Loan Documente".
<br /> Truator covenante and egraea w►th Lender as tollowa:
<br /> 1.P�ym�M W Ind�bt�dnw�.All indebtednese seaured hereby ahalt be peld whan due.
<br /> --�-- 2.TIM1.Truator le the owner a}tha Proporty,has the rlpht ond authoriry to convey the wroperty,end warrnnts Mat tho Ilen
<br /> _ created hereby la e tirat end prlor Ilen on tho Property,except tar Ilena and encumbr�ncea set torth by Truetar In writlnp and
<br /> dellvered to Lendsv beforo execution of thia Deed ot Truat,and the execution and deUvery ot thla Daed o41'rust doeA notvlokte eny
<br /> contract or other obllgaUon to whlch Truutor Is aubJect.
<br /> 3.Taxw,A���m�nb.To pay betore dellnpuency ell taxea,apeclal aases�mente and ell otfier charpeti egai�st ths P►ope�
<br /> a�ow or hereaiter tavled.
<br /> ----� 4.IM�rAnce.To kcep the Propeity Insured agafnst dflmApe by flrm,b�zerda inoludnd within the term extended covere,fle",and _
<br /> auah other hazarda ee Lender may requlre,In emounts and wlth companles acceptable to Lender,neminp Lender ae an addidonel
<br /> narr�ed Insured,with loaa payable to the Lender.In cose o1 losa under euch poliotes,the I.ender 19 authorized to adJuaL coileot and
<br /> compromiee,all clalma thereunder end ehali have the opilon of apptyirtg ali or part o4 tho lnaurance proceeda(f)to eny indebtedneae __
<br /> securad hereby end In such order ae Lendsr may determine,p!)to the Truator to be usod tor the repalr�tr reatoraGon of lhe Property -
<br /> ____. or(fiq lor any other purpose or obJect aAtiaiaotory to Lender wlthout effactlng the Ilen otthls Oeed ot Truot fortha tull smcunt secured _
<br /> �...,, hert�y betore auah payment ever took qlaoo.Any appllcatlon of proceeda to Indebtadneas shafl�aat extend or poatpone tho a7ua
<br /> -- data ol e�ny paymente unrler the Nota,or aure any detautt thereunder ar hereunder.
<br /> 5.Esaow.Upon wriiten demand by Lsnder,Truator ahall pay to Lender,In auoh manner As Lender may deslanate,sufllolent
<br /> auma to enable Londer N pay ee they become due one or more of the 4ollowing:(i)oll aaxe�,es3onaments and other cherpe�ngalnet -
<br /> — the Property,(iQ the premluma on the properry Insurance required hereunder,and�III)the pnamluma o�any mortsa�e Inauranae
<br /> required by Lender.
<br /> 8.MsMle��nc�,R�Ir��ud Cot�pllanc�v�ith Laws.Trustor ahall keep the Properry In pood conditlon and repalr,ahall
<br /> promptly repafr,or replace any Improvernent whlch may be damaped or dostroyed;ehdli not commlt or p�rmft any wate or
<br /> �deta�loration oi the Pro�eriy;ehnll not remove,domollnh or subatentially alter any of th�Improvemente on tho PropArly;shall not
<br /> �ommlt,autter or permlt eny act to bo done In or upon th�ProAartyr In violation ot cany lew,ordlnence,or regutati�n;and ahull pay bnd
<br />--- �� promptly diacharpF at Truator'o cost and exponse a!I lions,Ancumbrancoa and cherpos lovled,Impo�d or asaessed ngelnst the
<br /> � Property or any part thereof.
<br /> _:�;,�� 7.EmM�n!Dan�in.Lender la hereby asalpned all compensatlon,awards,damapea and othor payments or rMief(heretnatter
<br /> — "Proceeds'�In connsctton with condemnatlon or other takinp of the Property or part thereof,or tor conveyance In Ileu of condemna-
<br /> — tion. Lender shall be enUaed et Ita optlon to commence,appear In end proaecute in tt0 own nama any action or proceedtnps,and
<br /> _� shall aleo bs onUded to rnaEco nny compromise or settlemant in conneotlon wlth ouch iekfnp or damepe.ln the event any porNon ot
<br /> ---- tAe Property is so taken ot dameped.Lendnr shall have tho optlon,In Ita sote and c+ioaoluto diacretton,to epply all euch Proceeds,
<br /> „ after deducUng thereirom flll coste end anpe►isee InCUrred by it In comv�eatton with suoh Procoeds,upon any I�deDtednesa eecav�n�
<br /> �-:�.�� hereoy a�a tn suon order se�enQer ma�weterm�ne,or co eppry aii suon rraceede,a�r auon daduaiione,io me«�a�niF�.v;n,�
<br /> _--=-= PropoAy upon�uch condiUo�n as Lender may detertnine.Any eppltcaUon of Proceeds to indebtednoas shaU not extend or poetpone _
<br /> __ _�:R,•� the due c9ate of eny peymente under the Note,or cure any detauit thereunder nr hereunder.Any uneppliad tunds ahull bo pald to =-
<br /> -__= Trustor.
<br /> �"------- 8.P�Aormanc�by L�nd�r.Upon the ocaurrence ct an Event of Detrsult hereunder,or If eny act la taken or lepul proceedlny _
<br /> = commonced whlch materlelly ellecte Lendor'e Intereat In the Property.Lendsr may In Ite own discretlon,but w�thout obllpatlon to do
<br /> ` --- s-�,nnd without notice to or demand upon Truator and withuut reteaslnp Truetor trom any obli�atlon,do any act which Trustor has =:
<br /> - opreed but fe8a to do and may also do any ather aot it deeme necesaery to proteat the aecurity hereof.7ruetor ehall,fmmedtately =
<br /> ._:,;;,��,,,;� vRen dernand!he�otor by 6ende►,pey to I.endar all ooate and expentea Inaurred ared euma expended by Lender In connsction wlth �-
<br /> 1�-�•����� the exerclss by 1.snder of the forepoinp riphte,!opsther w(th interett thereon at the doleuit rete provlded In Ihe Note,whlch�hell be �
<br /> �"-¢�� eddod to the Indebtsdneaa aecured hereby. Lander ehall not Incur eny Il�bltity bocause of anyttilnp It may do or omlt to do ►•
<br /> �°�'—��--� hereunder. -`
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