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<br /> "" DF�.ED OF TBiJBT �Z� 1O�"� '
<br /> •-'� '�hf r DEEL GF 'fRUST ta wwle thi� � 3ay af July. 29'J2� �y ussd a:sonZ ElICHASL A.
<br /> '°� PAli0i0ICZ aod PATItICIA M. PANOiIICZ, husband aad Mife, he�einafter referred to as "TPtistore�"
<br /> ^�'' ehother onQ or �ore, Whose �eiling Qddress is Route 1 Box 137, Csiro� Nebraoku 6882�4; '1 7�
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<br /> STATB BAIiII �F CAIRO, a liebr�ska B�nking Corpora�ion, hereinafter referred to sa "Trustee,"
<br /> _`=: _ _ _ ___ �
<br /> whoee �uiling addrese is Bo: 428� Csiro� Nebrasks 6882�; and THS BTATB BANIi OF CAIRO, a
<br /> Nebraalta Banking Corpor�►tion, hereinaYter referred to as "Beoe[ieisry," Whoae Msilina
<br /> --- address is Baa 428, Cafro� Nebraaka 88824.
<br /> -- - - - For vsluablc� coneideration, Trustora irrevooably grant, tranefer, convey and assign to
<br /> �y�,,t� � Trustee� in truat� With power of eale, for the benefit and aeourity of BenePiciary, under
<br /> __ :��,,,,,�,,;�, and sub3ect to the ter�s snd conditiona of this Deed of Truet, the following deeoribed ceal
<br /> �_----r__-.,._�.,�o property located in Hall County� Nebraska:
<br /> _—..._:�,�;�,
<br /> .�il�4AwLi: _-�y� The 3outheast quarter 13E 1/41 of Section 22� T4tmship 12 North, Range 11� .
<br /> — Weet of the 6th P.}1. , Hall County, Nebraeka, lesB nnd exaepting therefro� a
<br /> - certain parcel of land containing 12.098 acres, �ore or less, ae deecribed
<br /> --�_;;�� in a certafn plat and survey ao�pleted by Tho�aa L. Jordan, registered land
<br /> -- - -----—„-;°Y surveyor on June 30� 19Q6, and filed of record wa Doawent Y88-104992 on
<br /> .._ ��� � Septe�ber 2, 1986�
<br /> -_�j.����'.,�FZ�' -..Sw.
<br /> ��,:s } and
<br /> �..:.nb�;�;�.::yii'.
<br /> — - The North Half oP the Southwest quarter (N 1/2 SW 1/4) and the 8outh Hslf
<br /> _�� �Y. ��ar �•.• ��• of the NorthWest Quarter (9 1/2 NW 1/41 oY 3ection 11� ToWnship 12 North�
<br /> _`�'�, �.��' •_ Range 11, West of the 6th P.M. , Hall County Nebraeka,
<br /> - ��:7�r
<br /> ��� .
<br /> '' ' tagethec with all buildinqa, i�provsatents� fixturea� streets, alleys, passageways�
<br /> --^+� ,•,��`�"`�`a 1� ease�ents� rights, privilegee and appurtenances locsted thereon� and all peraon4l property
<br /> ` �' thst �ay be or hereafter becoae an inteqral part of such buildings and iaprove�ents� all
<br /> �w ��`��� .
<br /> �~�°��1���s:�� � cropa raiaed thereon, and all water ricthts, all of which, includin� replace�ents and
<br /> - �`'a`�� - �'� ndditiona thereto, are hereby declared to be a psrt of the real estate conveyed in trust
<br />_ � �� . « . hereby, it being agreed that all of the foregoing ehsll be hereinafter referred to aa the
<br /> ; . ''�,� "Property." ,
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<br /> "��,". .'.,:'� [�OB THS PUSP09E OP 86ClBINIi:
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<br /> °>+���•��� °`-'. a. Payment of indebtedneRS evidenced by Truators' note of even date herewith in the
<br /> • ' '��°� principal aua of s1�0,000.00, t�gether with intereat at the rate or rates provided therein�
<br /> ":�,�;,�.'� �� .:�'T;� and any and gll renewals� modificatiane and extensions of such note� both principal and
<br /> ""�y ; ;,a�,�.;.. ., interest on the note being Payable in accordance with the teraoe set forth therein� which by
<br />:. �;,,;�;u;�,,,,.;�,�,,,;:,;;, thie reference ie hereby Aade a part hereof;
<br /> '�� ��'!�+"��tl`• • "�• b. The perfor�ance oP each aqreepPnt and covenant of Trustors herein contained; and
<br />""" • c. The pav�ent of all suas ndvAnced by Beneficiary under the ter�e of this Deed of
<br /> - - '°"�' � Trust, together with int�re�r therean xt the rate provided i� the note.
<br /> � " �"�. ��.�`,�� d. The abovp a�o�mt ir� secured Pv�n though all or part of it oay not yet be advance.
<br /> i��� ' Ruture advancee under the sgreement nrp contpmplated and wiU h� secured to the saae extent
<br /> � ". . �.� sa if �ade on the date thia deed af t.rust is executed.
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<br /> '` �•�� • '1�0 PROT6CP THB 9BCURITY OF THIS QBCsU OR TRUST� TRU87'O[i8 HBRI�BY COVBNANT AND A(i6E6:
<br /> '�a.� ..
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<br /> . 1, fo ptp�len dre, the prioeip�l of� IAd lb! IA�l�PII. 00, the indebl�daee�erideec�d br the note, clu�e�, tee��ed nll otler m� �r pro�ided -
<br />-- l� the lo�o iutra�e�ta.
<br /> � ; ��:.. 2. Traiton t�e tAe owaero of lMe prope�r� ea�have tde rit�t �nd tuthariq ta ececnte tlie De�d af ir�9t in re�pecl t�lhe property.
<br /> � " �, To p�y, �ke� doe, �Il tetri, ipecinl ao�roo�r�tt �nd �11 otEer ch�rkee �R�ieel tle proprrty, betore tbe eue bero�e delind�e�t, treeton
<br /> �. � . dlall p�y�Il tixet aed eseeie�ente ��ich uy bP ieried c��on BPnrfi�•inry's i�Lereal �?rNin ��r upoe tli� De�d at Trart or tle debt �ecered MeteEq,
<br /> � . 'c> ritMn�t re�ud to a�y 1+� t.E�t uq Ee Pnnrted i�pu�ing p�ty�ant ��f ihe r�ol� or an�part lhereof :�poi the Beeeflciary.
<br /> � � " (, to keep the i�prove�entr nor or heretfter locat�d on the �reperty ir.anrPd 1Reiasi Aa�aqe by t�rp a�d eucs oU�r haeirdt ei th� 8��etici�rl
<br /> 1ty teoufre. IG UOYplB !Od fpIp111f8 1fCf(�L3hIP[0 l5P benPficiary, Such inearen�•e poli��� �+��lt c�elaia i �taedetd �nrtg�ge clneee in tnror ot
<br /> ', , Beneticiu�. Truetor ahsll pro�pll�rPpair, uietain er.d repl�cP tep propPrty nr snq pnrt tivrPOi, eo that, ?i�rot fer ordi�ary reu aod teir� the "'
<br /> h " propert� dtll �ot deteriorate. -
<br /> ` ;�; � S. I� LAP f�Pl� CI! p��:perty, or any part t�er+ef, vhsll be �iY«r Dy e�ie���t Aouin, the B�nefi�ifry i� rntitled tc colle�•t �nd r?ceive �ll
<br /> �x corpe��ttioo rhich �ey 6e paid fnr se� pra��ertp tat�n ur fnr da�a�ee tn pr�p��rty not taten. �n4 thr B�e�(icier� ahell �ppl��ucl co�peee�tioe. �t it�
<br /> _SL_ �,.,.�•.:.�� aotio�, eitler to a redactioa ui the indestedneee eccoren �ereh►, ��r tu reeair aad reetor� t��oreorrty so taten.
<br /> � i� iMe 8eaeficiary uy, bu� e�ill h�v�� en obligarion to, 4o an� ert vh�c� Tra�ron �e�r igree� bul tailPd to do. eld the @r�eficiary uy sieo do
<br /> ,�. ay ect it dee�s nrceeaup lo prntect I�p li?n her�af, fnst��ra i!r•P to reD�f. �Con 4e�end, �n� eu�e 3�eKpenJPd b) lh� Fen�(ici;rt fnr the �bo�� ,
<br /> ' pupo�eo, and n�y ea�w e�p?eded edall b� �ddrd tr :Qe ipd?EtPAA�16 eecared�PrebY eed Grro�P ePcured by tlr liro IereoL The Benetfciu�e1a11 �e .
<br /> i�car�n9 liibllitp 6Pcaure �f nnrtlieq it �ny dn ur o�it t� Aa hereuoder.
<br /> * ' 1, The Feee[iciary ehall have tee riglt, p��rer and �ulheiit7 dunng the c�et�o�anc+ ��f �hu l�eed ot 4rnet to rull�rt �he ren�e. ireee� sad
<br /> . protite o( the propertp and of soy perrn�il properry lo��ated tF?rP^o vitY or ritl��o� tak�na p��38P8lLOn �f th. prcperly �If?�!��d h�r�hy, te8 ir�eturs
<br /> � 6erebr absol�lelf ��d anconditiue�lly aeeipn all ur.h rcnte, ieaeee and protite l�� �6r henefi�iary. ihc O�netieiary, hov�rPr, nereFl roeepete te �
<br /> � �� ltwloro' !rollectlon�nd ret��tioa ot aacE rents, iiRn��o and prnfite, s� I��n� as irast��ry �rp nn�. �� sae� tin•, in dPf,ult �ith r�spvrt t�� nny�enr ��f
<br /> � uy iedP6tedne�P sec�red hereEy, ar in thp perfantnce of ar�y aRrne�ant hrrPinoer, If an� e���nr�f defeult deecribed her�stter n r��pt�t te thie
<br /> � � ;; ' Oeed nF Tnet eb�il 6n�P occurred a�d he contieuina, the Eeveft�i�rr� �e a �a►•ter ��( r�S�t +r•d rith����t m�tice t�� Tnetora��r nyn�� clauin� �rd�r
<br /> ;`'. , . q.is.. Tru�ton, e�d ritlr�t repard to tAe valae ot the tru�r e�tile or��e ieter�et ol tAe irmt,�rR r��r��n. sl�ll �a�� the rig�t In a�ply to ��� �a�rt
<br /> � � �av�n� jutudi�t�an l� appoint s recrivPr of th? �reperly.
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