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<br />92- lqm
<br />I7EEI7 QF T)ht[J*.�T
<br />This DEED OF TRUST is wide this 23rd day of -June, 1992, by and among HAROLD R. ;.
<br />PLEJDRUP AND ELAINE J. PLEJDRUP, husband and wife, hereinafter referred to as "Trustors,"
<br />whether one or more, whose. sailing address is Route 1 'Box 153, iCalro, Nebraska 68824; THE
<br />STATE BANK OF CAIRO, a Nebraska Banking Corporation, hereinafter referred to as "Trustee,"
<br />whose mailing address is Box 428, Cairo, Nebraska 68824; and THE STATE BANK OF CAIRO, a
<br />Nebraska Banking Corporation, hereinafter referred to as "Beneficiary," whose mailing
<br />address is Box 428, Cairo,,Nebraska 68824.
<br />For valuable consideration, Trustors irrevocably grant, transfer, convey and assign to
<br />Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under
<br />and subject to the terms and conditions of this Deed of Trust, the following described real
<br />property located in HALL County, Nebraska:
<br />The northwest Quarter (NW 1/4) of Section 25, Township 12 North, Range 12,
<br />*_=st of the 6th P.M., Hall County, Nebraska,
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways,
<br />easements, rights, privileges and appurtenances located thereon, and all personal property
<br />that may be or hereafter become an integral part of such buildings and improvements, all
<br />crops raised thereon, and all water rights, all of which, including replacements and
<br />additions thereto, are hereby declared to be a part of the real estate conveyed in trust
<br />hereby, it being agreed that all of the foregoing shall be hereinafter referred to as the
<br />„Property."
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness evidenced by Trustors' notes of even date herewith,
<br />together with interest at the rate or rates provided therein, and any and all renewals,
<br />modifications and extensions of such note, both principal and interest on the note being
<br />payable in accordance with the terms set forth therein, which by this reference is hereby
<br />made a part hereof;
<br />b. The performance of each agreement and covenant of Trustors herein contained; and
<br />c. The payment of all sums advanced by Beneficiary under the terms of this Deed- --of
<br />Trust, together with interest thereon at the rate provided in the note.
<br />d. The above amount is secured even though all or part of it may not yet he advhnce.
<br />Future advances under the agreement are contemplated and will be secured to the same extent
<br />as if made on the date this deed of trust is executed.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTORS HEREBY COVENANT AND AGREE:
<br />1. To par when due, the principal of, sad the interest oa, the indebtedness evidenced by the note, charges, fees and all other seas as provided
<br />it the loan iastrasents.
<br />2. Trustors are the owners of the property aid have the right and authority to execute tkis Deed of Trost in respect to the property.
<br />3. To pay, vhea doe, all taxes, special assessments and all other charges against the property, before tie sane become delinquent. Trustors
<br />shall pay all taxes and assessments which may be levied apon Beneficiary's interest kerein or upon this Deed of Trost or tke debt secured hereby,
<br />without regard to any law that may be enacted impooiig payment of the whole or any part thereof apon the Beneficiary..
<br />4. To keep the improvements now or hereafter located on the property insured against damage by fire aid sack other hazards as the Beneficiary
<br />may require, is amounts and companies acceptable to the Beneficiary, 'Uack insnraice policy shall contain a standard mortgage clause in favor of
<br />Beneficiary. Trastor shall promptly repair, saiataia and replace the property or any part thereof, so that, except for ordinary wear and tear, the
<br />property shall not deteriorate.
<br />S. to the event tie property, or air part thereof, shall be takes by emiieat domain, the Beneficiary is entitled to collect aid receive all
<br />compensation which say he paid for say property taken or for damages to property mot taken, aid tke Beneficiary shall apply each compensation, at its
<br />option, either to a redaction of the indebtedness aerated hereby, or to repair and restore the property so taken.
<br />i. The Beneficiary say, bit shall have to obligation to, do say act whick Traitors hive agreed bet failed to do, aid tie Beneficiary may also do
<br />any act it deems necessary to protect the lien hereof, Traitors agree to repay, apon deoud, say sass to expended by the Beneficiary for the above
<br />purposes, aid any au so expended shall be added to the indebtedness secured hereby and become secured by the lien hereof, The Beneficiary shall no
<br />incur say liability because of anytkiig it may do or oslt to do heremmder,
<br />T. The Beieficisry shall have the right, poorer and authority diring the cootiamasce of this Deed of Trost to collect the rents, issues aid
<br />profits of the property and of say personal property located tiereon vitk or without taking possession of the property affected kereby, aid Trustors
<br />hereby absolmtely and unconditionally assign all smell rests, losses aid profits to tie beneficiary, The beneficiary, however, hereby convents to
<br />Traitors' collection and retention of inch rents, issses and profits, to loll AN Traitors are not, it each time, is default with respect to payment of
<br />say indebtedness secdred hereby, or is the performance of any agreement hereunder. If say event of dehnit described hereafter in respect to this
<br />Deed of Trust shall have occurred and be continuing, the teneficiary, is a matter of right and without notice to Trustors or anyone claiminll ender
<br />Traitors, aid vitioit regard to the value cf the trust estate or the interest of the Traitors tkerein, shall have the right to apply to say coort
<br />having jurisdiction to appoint a receiver of the property.
<br />B. Tie Beneficiary, or its agents, are atthorited to enter it Any reasonable time apon or is any part of tie property for tie purpose of
<br />inspecting the name and for the purpose of performing any of the acts they are tmthorited to perform alder the terms of any loan instrmvents executed
<br />by Trootore,
<br />I. If all or any part of the property or any interest of Trustors is sold, transferred or further encumbered without the written consent of the
<br />Beneficiary, the Beneficiary say declare all snot secured by this Trost Deed to be immediately doe and payable and proceed to the remedies available
<br />to it under the default provisions contained herein.
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