|
� , . ..-.: ... .--: ——
<br /> �, ' -.._,._----- - . � ���::;,F-'=—�__
<br /> ...�,��:�,.-- � - - - - - — _ .__,�_._ —
<br /> :����:.�::
<br /> _ �-
<br /> � r1 �Pq ..
<br /> .... —
<br /> �n �+! c'> N
<br /> � � n �. �� \ � C � �
<br /> t C
<br /> �
<br /> �(��)` � � � � :n �1v � Z R � -�-a
<br /> •�c\ P'1 .l: � � ^� �-C p �, '__
<br /> 7� -� N r� '�'1
<br /> � �'� .� GJl �� Z p 4 M � -
<br /> � ( i+i
<br /> � ' ``'��. � x � � O ��
<br /> � � �~ �l e � I'- D� � �
<br /> \S�17�,'V 1 • � 1� � O � � -
<br /> �v�� � � I I j � � N � � r
<br /> � � � f { � � � —
<br /> � �
<br /> �' U�ED OF TRUST WITH FUTiJItE AAVANC�S -
<br /> � � _.
<br /> This pEED OF TRUST is made this 23rd day of April, 199b, by and among BRMI.EY H.�
<br /> �ZII��:If�lN �nd JYLI. C. KLINGMAN. husbaad snd wife, and�SAROLD KLD�IGMAN. life teaant, ���
<br /> hereinat�er referro�to as "Trustors," whethey one or more, whose mailing address is 1740 Idlewood, Graad
<br /> Tsland, Nebrpsi:�6�501;T'HE STA'i'E BANK OF CA1R0,a Nebr�slc� B�aking�Corporation, hereinafter
<br /> referred to as "Trustee," wh�se mailing ad�ess is Bo: 428, Cs�iro, Nebra9ic� 68824; and THE STATE
<br /> BANK OF CAII�tO, A Nebras{:s Baaliing Corporatioa, hereinaf3er referred to as "Btae�ci�ry►," whose
<br /> maili�address is Boi 428,Cairo, Ne6raslca 68824.
<br /> For valuable consideration, Tnistc�rs irrevocably grant,transfer, convey and assign to Tniste� ir. wst,
<br /> with polver of sale,for the benefit and security of Beneficiary,under and subject to tne tera�s a�d cooditco�+of
<br /> this D�e�of Tnist,the following described real property located in HALL County,Nebraska:
<br /> LLatt One(l�,Powell Second 5ubdivisio4��County,Nebras3ca;
<br /> tog�4her with all bu�,dings,imProvemants,fixtwes,streets,a11eYs,Passageways,eascments,rights, Arivileges and
<br /> aPp�urtenaaces lacste�d thereon,aad all Personal propercy that may be w heteat�er become 3n integral part of such
<br /> buildingY and improti�nts, a11 crops raised th�reon, and all water sights,a31 of which, im:1t►diaB�at9
<br /> aad additioas thereto,are hereby declared to be a part of the real est�ate conveyed in mut Eeexeby,it be'sr�,agreed
<br /> tbst all of the foregoing shall b�hr,reinaRer refared to as the"Propesty."
<br /> FOR THE PURPOSE OF SECIJRING:
<br /> a. Payment of indebtedness evidenced by Tnutors' note of even date herewith in the principal sum of
<br /> 5116,000.00,togeiher with interest ai the rate ot rates provided thereia. aad aay and all rcnewals, modifications
<br /> aad extmsions of such note,both ptincipal aad interest on the note 6e�n8 PaYable in accordance with the tam4
<br /> set forth theran, which by this reference is hereby made a part hereof; and aay snd all fut;ue sdvances and
<br /> rp�,�to Trustors hereundec pursuant to one ore more promissory notes or credit�eanents(haein called
<br /> 'NOtC"�f
<br /> b. t�e paymes�t of other sums advanced bY Benefi�a�y►to protect the security of the Note; .
<br /> c. the -ex4'araiance of a�l covanants and agreana�ts af Trustor set forth herein; aad
<br /> d all pr�t �nd futwe indebtedness and aaligations of in�siors ro 3e�reucia,y w:,�:�+ .'.:��,�, �•�••%►,
<br /> absoluu or coatingent and whether arising by note,guaranty,overdratt or othavvise;
<br /> Tp 11�pTE4'T THT�S�CiJRITY OF l'HI.S DEED OF TRUST,TAUSTOjtS H�BESY COVENANT AND AGRTE:
<br /> l. To pary whw du�e,t�Priaci�al �and tbe intenst on.tUe indebtodaess evidenced by tLe neu,cSaarBes.fas wd all otber
<br /> sams as pco'vided in thc lo�a iasttummts.
<br /> 2. Tcustors are the owners of tbe pmpaiy and I�ave tbe righl and au�►oriry w exaute thi,s Deod�Ttust ia zetpea W tLe
<br /> �Y•
<br /> 3. To pry, whea dae, all taxes, special a�su�s and aU other cbarga agaiast t�e property> before the s�me b000me
<br /> all taxes aad ass�meots wbicb m�Y be kvied upoa B�aa�'s interest t�eia or upon thic Doed af
<br /> delinquent rrustas s�hall wy of the wtak or any patt the�f'
<br /> Trt�st or the debt setvt+od berd�Y,�n8�'a��Y law tbat ma5'be ea�c�d impoai�DaY��
<br /> = upon tLa Be�saary• now or here�iter Wcated oa the propeay inau'od agtinst dama8�e bY fue and svch t�er ha7std5�t
<br /> 4. To k+ery the imprwemeats to the BeaefiauY,Sucb inu�ranoe policy stiall caotain a staa�rd
<br /> . tLe BcoeSciarY maY n4��ia amouats�nd oomp�nia�ooqxabl�
<br /> _ �S�St'cU�iII f�ivor of BC�Y. T�USIOr Sh�ll ptouoptly�epair+ �n�inf�in�r��th�,'PPpQCIiY oT�ay p�lt fbeSOOf.SO
<br />— th�t,exapt for erdiauy vvpr wd tezr,tLc proQerty st�all aot deteiioratc.
<br /> = 3. In tbe eveat the prepertY,or aaY P��'�sball be takca by emineat dom�in.the Ben�ficiuy'is entitled to oollect and
<br /> = reopy��l1 oompeasation which may be paid for aaY P�Y�or for damages to properry na t�kea.and the�sl�li
<br />, ' app�y such oompeasation,at its optioa,either to a redoaioa of the iadebtedn�ss socund lxreby.or to repair and restore the PropertY
<br /> so talcen.
<br /> 6. The Be�fic'�ary ma}. but shall hz�•e no obligation to. da�ny act which Tructors have agreed but failod to do. and the
<br /> s
<br /> Beae�uiuy u�y also do any act it doeuu necessarY to protect the liea hereof. Trustots�grx w rtpay,upon tkmaad,anY suuu w
<br /> �x�eadod by the seoef,M„y for the�be�•e PurPoses,ana any svm so expenaed shall be aaaoa to the�ndebtedaas securea hereby�aa
<br /> beoome sxurod bY We lien hereof. The Benefici�' shall no incur arty liability hacauce of wytting it may do or omit w do
<br /> Lereundet.
<br />
|