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<br /> TAQ6'�DEllD �
<br /> THIS DEF.D OF TRUST is made on ��� �, 1996. The ��
<br /> Tru�tors ar�a Rudney R. lta�hman and Phyllis x. Rathman, husband arid �
<br /> wife, ("Horrower�") . The Trustee is Galen E. Stehlfk, of
<br /> �a���^itsen, B���eZ?, Brostrom, S�ehlik & Thayex, 231 S. I,oceast
<br /> Street, Crand Island, Nebraska 68801, ("Trustso�') . The
<br /> benefiaiaries are Jan Henton, Sandra Rhodes and Patricia Williams,
<br /> Co-Truatees o€ the Benton �amiiy mrust, 23445 27th Av�e. South, Dea
<br /> Moines, WA 98198, (HLendere") . 8orrowers owe L��ders the principal
<br /> su�m of Two Hundred Fift� Two Thousand and no/100 Dollars
<br /> ($252,000.Oc3) . This debt is evidenced by Horrowers� note dated the
<br /> same ciate a� this Sec�nrity Instrument ("Note") , whiah provides Por
<br /> yearl� pay►neaeLs, with tho Eul� deb�, if not pa�.d eairlier, due and _
<br /> pa�a�as� on �tla.�.� _ ��� 2 OOZ. The Deed of Tr.us� (s�me�imes
<br /> ref.exar�d to herein as °secenxity instrument") secu�es to Lenderss
<br /> (al the renavment of the d�bt PviAann_ser7 hv 1-h�:, NotA. orit�h
<br /> � - ----------- -. - -�- - - ------
<br /> interest, and all renewals, extensions and modiPicat�0ns; �b) tha
<br /> payment of a11 other sums, watr�n interest, advanced under paraqraph
<br /> 7 to protec� the security af �lais Security Instrument; and (c) the
<br /> perPoz�r:�nce c�f Borrowers' covenants and agre�men��s. For tr►�s
<br /> purp�s�, Borrowers imrevocably qrant and convey to Trustee, in
<br /> trut��, with power �f sa1e, the following desaribed prespex�ty loaatad
<br /> in Hall County, Nebraska:
<br /> The Nor�.hwest Quarter (NW1/4) of �gation Faur (4) ,
<br /> Towinship Eleven (11) North, Rarage Eleven (11) , Weat of
<br /> the 6th P.M., Hall County, t�ebraska.
<br /> TOGET�iER WITH all the impx�ovementa now or h�reaftier erected on
<br /> the property, includi.ng the house, any wells, inGluding we�l
<br /> numbers G3207, G3206, G457a1, pumps a�nd motors, includS.ng motnrs
<br /> w�th serial numbers 188574, 157359, B91438, irrigation pipe,
<br /> PenCe�, and all eas�raents, rights, appurtenances, rents, rayalties,
<br /> mineral, oi1 and gas rights and profitB, water rights and atoak and
<br /> all fix�ures now or hereafter a part of the �roperCye All
<br /> rep��cem�entc� and ac3�itions ahall also b�a cnvered by this Security
<br /> � Inst�umPnt. All of the feregoir�g is referred t� in �hfs Secur3.ty
<br /> Ins���ment as the '�Properzy°i.
<br /> BORROW�ItB COVENANT that Borrowers are l�awfully t�eised of the
<br /> estate hereby conveyed and have the right to grant and canvey the
<br /> PrQ��srty and that the Property is une�cumbered. Se].lers shall hold
<br /> Buy�rs harmless with regard t� any obliqation of Lender under safd
<br /> Deed of Trust. Borrnwers warrant ana will defend gener�ally the
<br /> title to �he Pro�ertiy against all claima and demand�, subj�c'� to
<br /> any encumbrances of record.
<br /> � COVENANTS. Barrowers and Lenders covenant �nd agre�s as
<br /> follows:
<br /> 1. payment oP Principa:l and Yntere�t; Prepayment and Late
<br /> Ch�sges. B�rrowar6 �hall promptly p�y wh�n due the grincipal of
<br /> 4n� intorc�t on '�hc �ebt ovidenced M.�1 the Note and any �re�ay-�te:►�
<br /> and late charges due undpr the Note.
<br />= i
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