201003072 - Laserfiche WebLink

Browse

20~0030~~ Tract III -Part of the Southwest Quarter of the Southeast Quarter of Section Seven (7) in Township Nine (9), Range Eleven (11), West of the 6th P.M.; in Hall County, Nebraska, more particularly described as: Referring to the South quarter corner of said Section Seven (7), thence Northerly on the West line of the Southwest Quarter of the Southeast Quarter of said Section 7, a distance of 1158 feet to the Northerly line of Interstate Highway 80 the actual point of beginning; thence running North along said West line of the Southwest Quarter of the Southeast Quarter of said Section 7, a distance of 142 feet to the Northwest conger of the Southwest Quarter of the Southeast Quarter of said Section 7; thence Easterly along the North line of Southwest Quarter of Southeast Quarter, a distance of 129 feet; thence to the right an angle of 72°21' in a Southeasterly direction a distance of 78 feet to the Northerly line of Interstate Highway 80, thence to the right in a Southwesterly direction a distance of 174 feet along the North right-of-way line of said Interstate Highway 80 to the point of beginning; containing approximately 0.4 acres more or less. subject to easements, reservatintys, covenants and restrictions of record. together with all buildings, improvements, fixtures, streets, easements, rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such personal property that is attached to the improvements so as to constitute a fixture, and together with the homestead or marital interests, if any, which interests are hereby released and waived, all of which, including replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being referred to herein as the "Property". Borrower owes Lender a total principal sum not to exceed Two Hundred Ninety-Eight Thousand Sixty-Seven and 33/100 Dollars ($298,0b7.33) evidenced by Borrower's Note of even date herewith (hereinafter referred to as "Debt") which has a stated maturity date ofMarch 1, 2019. This Debt shall include any and all modifications, extensions, and renewals thereof or thereto and any and all future advances and readvances to Borrower (or atiy of them if more than one) hereunder pursuant to one or more promissory notes or credit agreements (herein called "Note"). This Deed of Trust secures to Lender the Debt evidenced by said Note, the payment of all other sums, with interest, advanced under the provisions hereafter to protect the security and the performance of Borrower's covenants and agreements. Borrower covenants that Borrower is lawfully seised of such real estate and has the legal power and lawful authority to convey the same and warrants and will defend title to the real estate against the lawful claims of all persons. BORROWER AND LENDER AGREE AS FOLLOWS: 1. Borrower shall pay when due, the principal and interest as provided in said Note. 2. All payments received by Lender shall be first. applied to advances which may have been made by Lender and then to interest due and last to principal due. 3. Borrower shall pay all general real estate taxes and special assessments against the Property before the same become delinquent. 4. Borrower shall keep the improvements on said Property insured against loss by fire and hazards included with the term "extended coverage" for their insurable value and policies for the wine shall include a standard mortgage clause showing Lender herein. In event of loss, Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be applied to restoration or repair of the Property damaged, unless both parties otherwise agree, except if restoration or repair is not economically feasible or Lender's security is not lessened, otherwise said proceeds shall be paid on the debt herein, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any payments or proceeds fi-am insurance shall not extend or postpone the due date of the payments provided in said instrument of indebtedness, or change the amount of the payments. Borrower shall keep the described Property in good condition and repair; shall promptly z