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<br />:;.Y.�.,�� DEED OF TRiJ5'f
<br />_ ����:� i �
<br /> _���, 1996
<br /> _-_;w� q�p�� This Deed of Truat,hereinafter refened to as Security Instrument,is made on this 29 day of Aprii.
<br /> .�-_;-_,=�� �p' `The Trustor, liereinafter refened to as Borrawer, is Lilley Redi-Mix, Inc., A NebrASlu� Co�rporAtion, whosa�
<br /> ---=''��' address is 11970 W Platte River Drive,Pro�ser,NE. The Trustee,hereinafter referred to as Tru�tee, is Adams p�,
<br /> �"�' - County Bank. The Beneficiary,hereinafter referred to as Lender,is Adams County Bank,which is organized and �o
<br /> __— existing under th�laws of the State of Nebraska, and whose address is K.enesaw, County of Ada�ns, State of
<br /> -�'-'� Nebraska. aorrow�r owes I.ender the principal sum of'I��enty Eive'I'ho�saaae�and NO/100-----_-----.-__..��. _
<br />.-=-:.;:��
<br /> -Dollars ($ZS,000.00). This debt is evidenced by Borrower's note dated the same date as tius Security
<br />='�?!��'�� Instrument, herei�iafter referred to as l�iote,with the full debt, if not paid earlier, due and payable on , •
<br /> Thia Security Instrument secures to Lender: (a)the repayment of the debt evidenced by Note(s), together with
<br /> �"'�►� interest thereon, any further advances, and all extensions� modification, substitutions and renewals thereaf; (b) y,.
<br /> _— the payment of all other aums, with interest, advanced under Section Nine hereof to protect the security of this
<br /> ----- Security Instrument; and (c) the per.formance of Borrower's covenants and agreements under this Security
<br /> --= Instruinent and the Note. For this purpose,Borrower inevacably grants and conveys to Trustee, in trust,with
<br /> Power of Sale,the following described real estate:
<br /> ____= A tract of tand compr�sing a p�rt of Lots Oue(1) and Two(2), Mainls�nd,in the Noe�the��t Quarter(��
<br /> � i/4) of Scction Twsnty (20), lawnship Nine (9), North, Range Eleven (11) Wat of the 6th P.M., I3a11
<br /> County,Nebr�aka�nd more pArtfcularly described a�followe:
<br /> Beginning Rt x poSnt on the�aat line of�Rid Northesst Qu�rter(NE 114),ssid pofnt being One Thousand
<br /> 'I'hree Hundred Twenty Four and T�venty Eight Hundredths(1,324.28)feet north of the s�uthe.�at corner
<br /> of�aid NortheAat Quarter(NE 1/4),eAid point also bein� on the aorth right of�v�y line of Stat�e Spur S
<br /> 40D;theace northerly,Atang and upon the eASt line of sdd North��et Qu�rter(NE 1/4), a distRnce of Siu
<br /> H�undred Ninety Five�nd 'I�venty Threc Hundredthe(695.23)feet to a 3/4" irmn ptpe(me�tnder corner);
<br /> thence dellecting Ien 97 c�egreea 30' 00" and ivi�ning eo�athw�sterly, along ��d upon the south �resent
<br /> day hiffi6 b�ak of' the Pl�tte River, A dist�nce of Three Hundred One �nd Twenty Four Hundredth�
<br /> (301.�4)tcet;the�ce deflectin�lef�97 degreea 30'00°' �nd running southerly,pArallel witb the eAat line of
<br /> exid Northe.�st Qu�rter(NE 1/4Z,�diat�nce of Seven Hundred Sixty Three�nd Twenty Four Hundredtha
<br /> (763.24) feet to +t point on the north right of w�y line of St�te Spur 840D; thence deQecting lett 109
<br /> degree 46' 00" �nd runAing northeaaterty, along �nd upon �Afd north r�ght of w�y line, a dist�a�ece of
<br /> Three Hundred S�ventten snd th�rty 5even H�andredtha(317.37)f�et to th�pofnt of begenning.
<br /> wtiich is located in AALL County Nebraska,having the address o�Prosser�Nebraska and is hereinafter referred
<br /> to as"Property Address".
<br /> --��-- �'ogether with all the improvements now or hereafter erecteYi on the property and all easements, rights,
<br /> _= appurtenances,r.ents, royalties,mineral,oil and gas rights and profits,water rights and stock and all t�xtures naw
<br /> --_-- or hereafter a part of the said property►. All replacements and additions shalt also be covered by this Securiry
<br /> Instrument. All of the foregoing is referred to in this Security Instnument as the"Property".
<br /> �"� —""— Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right ta
<br /> ��`;� grant and convey the Property and that the Property is unencumt�ered, except for encumbrances of record.
<br /> -�'`"""� Bonower warcants and will defend generally the title to the Properiy against all claims and demands, subject to
<br /> --.�_��j�=,�� any encumbrances of record. Borrower and Lender covenant and agree as follows:
<br /> _ -- 1. TRUST DEEDS ACT. That this Trust Deed shall be governed by the term�of Section 76-1001, �nd
<br />� ���"�"`� following,of the Revised Statutes of the State of Nebrnska,also known as the Nebraska Trust Deeds Act.
<br /> =�� � nevn,r�NT THvr�HA a�n�.a,Pr ah�ll nav to�l�e Beneficiarv the orincioal and interest under the t�rms
<br />- i:-Y`� . ..�. �'-..�"'___"_"" "'_.. r.r . . - .
<br />-._�.,�;. of the Promissory Note(s).
<br />-:��?'fi�e. � 3. TAXES. 7hat the Borrower shall pay all general real estate taxes and special assessments levied
<br />.,__.,, �...;.n.
<br /> �-•���;:���j hereinaRer against the property when the sa�ne become due and before the same become de�nquent.
<br /> =���� ��'��'.` 4. INSURANCE. That the Aorrower shall insure the property ugain�st loss by fire, hazards, included
<br />� . , , within the term "Extended Coverage" and any other hazards fAr which the Lender requires insurance in an
<br /> - - - amount not less than N/A Dollars($ )with a company qualified
<br />_ v^. .
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