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<br /> pEH�OF YRUST .�' .
<br /> ;:m:,:
<br /> THIS DEE OF TRUST is made as of the �day of December,1996, by and emong Neal M. Trentmsn and �;Y_--
<br /> Mary B.Trentman, husband and wife,whose mailing address is 502 west 3rd St. P Q Box 791, Chappell, NE 69120, � __
<br /> ("7rustor'), Deuel County Stete Bank, ("Trustee"), whose mailing address is P.O. Box 648, Chappell, Nebraska,
<br /> � 89129,&nd Deuel County State Bank("Beneficiary"),whose mailing address la P.O. Box 548,Chappeli, NE 89129.
<br /> �����_
<br /> � FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN TRUST, \ _
<br /> � W I T H P O W E R O F S A L E, for the benefit and security of Beneficlary, under and subject to the terms and conditlons
<br /> of thi� Dead of Trust, the real property located in t he Coun t y o f H a l l, 5 t a t e o f N e b r a s k e, a n d l e g a l l y d e s c r i b e d a s L
<br /> } foilows(the"Property"):
<br /> i Lot 14, in Block 3, in Le Heighis Second Subd(vision, Hall County, Nebraska, �
<br /> � � TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests fn adjoining roads, streets and
<br /> beeome anr ntegral part of su(ch�b Idings a dn mproveme tsr a�l c op araised thereon,and alhwat r�right��hereafter �— -
<br /> �' —
<br /> � The Property and the entire estate and interest cenveyed to the Trustee are referred to collectively as the "Trust
<br /> �� - Eatate".
<br /> _ — � FOP.TNE PLlQPnc� C�F SFrURING:
<br /> •� �' a. Payment oi Indebtedness in the total principal amount of$25,000.00, wl4h fnterest thereon, as evidenced by
<br /> Z that certein Promissory Note of even date (the "Note") with a maturity date of December 13, 1997, executed by
<br /> � Trustor,whlch has been delfvered and Is payable to the order of Beneflciary, and whlch by this reference Is hareby
<br /> mede a pert hereoi, and any and all mod(flcations,extensions and renewals thereof,end
<br /> b. Payment oi all sums edvanced by Beneficiery to protect the Trust Estate, with interest thereon at the rate of
<br /> elght end one-half pe�cent(8.6°/a)per annum.
<br /> ' , pertoh�m�nce of enyr obl!gatlon sec ed hereby are referr deto co lectfvely s the"Loan�lnstruments'�the payment and
<br /> - TO PROTECT THE SECURITY OF THIS DEED OF TRUST: G
<br /> � �, Indebtadnesa eviden�ced bqE e Noto charg s,fees and IallPother sums s provided in the Loandlnstrumentat on, the
<br /> :., �
<br /> � 2. 7AX�S. Trustor shatl pay each Installment of 211 taxPS and special assessments of every kind, now or
<br />= hereafter Ievied agelnst the Trust Estete or any part thereof, beforo delinquency,without notice or dennand,and shall
<br /> -- provide Beneflclery with evidence of the payment of same, Trustor shalt pay all taxes and assessments whtch may
<br />-'_ an 1eawthet�ma ebeien�acted lmpo3ing payment of thehwholeeor anyrpart the eof upon the Beneflcfary jthout regard to
<br /> y
<br /> � 3. INSURANCE AND REPAIRS. Trustor shall maintain flre and extended covorage insurance insu�ing the
<br /> • � - .m improvemants and butldinge constituting part of the Trust Estato for an amount no less than the amaunt of the __
<br /> � �� unpatd principal balance oi the Note (co-insurance not exceeding 80% permitted). Such insurance poli�y ehalt
<br />- �i ' contaln e standerd mortgaga clause In fevor of Beneflclary and shall not be canceliable, terminable or modiflable _.....__
<br /> � = wi thout ten(10)da ye prlor written notice to Beneficfary. Trustor shali promptty repalr,matntafn and reptace the Trust _
<br /> . ' Estate or any part thereof so that, except for ordinary wear an d tear, t he Trus t E s t a t e s h a i l n o t d e t e r i o r a t e. I n n o
<br />� � . �� event shall the Truatar commit waste on or to the Trust Estate. ___
<br /> 4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contast any act(on or proceeding
<br /> purporting to eNect the securlty hereof�r the rights or powers of Beneficiary or Trustee, and shatl pay all costs and
<br />- � expenses, Including cost oi evidence of titlo and attorney's fees, in any such action or proceeding in which
<br /> � , � Beneficlary or Trustee may appear. Should Trustor fail to make any payment or to do any act as and in tho manner
<br /> � � � prQVided In eny of the Loan Instruments,Beneficlary andlor Trustee,each In Its own discretion,without obligation so
<br /> to do and without notice to or demand upon Trustor and without releasing Trustor from any obligation, rnay make or ��
<br />- .,
<br />- do the same In such manner end to such extent as either may deem necessary to pratect tho security heren.
<br /> - __ ._,_ Trustar shdll, Immedla4ely upon�emand therefor by Beneficiary, pay all costs and expenses incurred by Beneficfary
<br /> ._ _ ..___. _..�-`-----x__s.�a_ �....�..Af.......i�Mw�J 1{.hifflfinn rnefc nf AUI[�HI1CA A�
<br /> _ in Gonnoction with the exercise ny oenenc�ary or�ne,w�oy����y�iyn�a�o��,�....���y..�..............«..._..----- -• -- -- __-
<br />_ ' litle,court costs,epprolsals, surveys end attorney's fees. Any such costs and expenses not paid within (10) days of
<br /> ' written demand shall drow Interest et the detault rate provided in the Note.
<br />- 6. EMINENT ODMAIN. Should the Trust Estate,or any part thereoi,or interest therein,be taken or damaged by '
<br /> - � reason of eny publle Im�r�vemont or condemnation proc�eding, or in any other manner includfng deed in lieu of
<br /> -' � CondArr�natton ("Condemnatlon"), or should Trustor receive any notice or other information regarding such
<br /> -_. procoeding, Trustor sht�ll qlve prompt written notice thereof to Beneflciary. Beneficlary shall be entitled to all
<br /> - compensntlon, awc�rds ond othor poymants or relief therefor,and shail be entftled at its option to commence, appear
<br /> .
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