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<br /> ,°`` ; I?EED OF'fRiJST WITI� �U'H'iJI�AD��IVCES `.���`"`-
<br /> � � . � � � This DEED OF TRUST is made this 16th day of Decembe�, 1997, by and amoag �E13ALD W. � �
<br /> ' BIZUNS and 1N�RY E. B1tU1�1�, husband aud wrife, hereinafter referred to as "Trastors," whettzer one or � -_"___
<br /> -� �` � ' ` more,whose mailing address is 4�7 North bOt6 Road,Grand Island, Nebrastra�03;THE STATE BANK ':`�".��`�. �:
<br /> °'� `� �
<br />.; • OF CAIRO, a Nebraslsa Bant�ng Corporati�n, hereinafter referred to as "Trastee," whose mailing addre.4s __
<br /> � :`: is Boa 4�8,Cairo,Ne6raska 6881�4;and LAUREPICE KatUG,AS A1V IlvDIVIDUAL,hereinafter referred to -� �-•�.�;:_
<br /> , � ,, t:,.,
<br /> • as"He�efcciarq,"whose ma�ing aadress is 2103 Pask Drive,Grand Islaud,Nebras�Ca 68�01-73Z7. .
<br />__ ' ����r:: For valuable consideration, Trustors irrevocably grant, transfer, corrvey and assign to Tn�stee, in trust, , -
<br /> � . �' � with power of sale,for the benefit and security of Benefici �ect to the terms aad conditions of '''"` '` -==
<br /> ary, under and sub'
<br />_ .. • ,.y ��' this Deed af TrusE,the following descn'bed real property lacated in HALL County,Nebraska: � , .---_
<br /> . . . A tra�t of land comprising a part of the Southwest Quarter (5W1/4)of Seczion Sixteen (16), � ;��e-_-
<br /> • � : Townslnp Eleven(i l)Narth, Range Ten(10)West of the 6th P.M, Hall Cowity,Nebraska,and `� r���'°�'�
<br /> ,`-- - ;�,� more particularly descr�'bed as follows: Beginning at the Northwest corner of the Southwest . .`�:�'`�.`�
<br /> ,, =` ,__�.
<br /> � � ��.� Quarter (SW 1/4); thence easterly along an upon the north line of said Southwest Quarter
<br /> � . (SWl/4), a distance of One Thousaud'I'hree Hundred Twenty One and Ninety Fve Hundredths - .,___�-
<br /> . • (1,321.95)feet;thence deflecting right 90 degrees 10'24"and rurmiag southerty parallel with the . �� �-��
<br /> � west line of said Southwest Quarter(SW 1/4),a distaace oF One Thousand Thirty Two and Eighty � • _
<br /> . � � � Five Hundredths(1,032.55)feet;thence d��ecting right 89 degrees 46'36"and running aes4erly, .¢=�
<br /> �.•' a dista�r�e of One Thousand Three Hundred Tweniy One and N�nery�ive Hundredths(1,321.95} __ ��-�
<br /> .. . ; =.��:
<br /> :;... • feet to a point of the west line of said Southwest Quarter (SW1/4); thence de8ecdng rigt►t 90 ��: �
<br /> . � � � - degrees 13'24" and running northerly, along and upon the west tins of said Southwes�Quarter � ��:, -:w-:
<br /> ,� (SW 114), a distance of One Thousand Thirty Four (1,034.00) feet to the point of b�i�ning � •���-
<br /> ��; � . .. � excepting therefrom a uact of land comprising a part of the Southwest Quarter (SW114) of '�:��;�.
<br /> � � � � '� Section Sixteen(16),Township Eleven (1 I)North, Range Ten (10) West of the 6th P.M, Hall ,�� :;,:g a;
<br /> �� � � . � County,Nebraska,and more particulazly descri�ed as fallows: Begirming at a point on the west � p�
<br />_; ; line of said Southwest Quarter(SWl/4), said point being One Thousand TUrree (1,003.00)feet ' � •:;;.�;��
<br /> south of the northwest comer of said Southwest Quarter (SWl/4); thence southeriy atong and .�-��
<br /> � upon the west line of said Southwest Quarter (SW1.4), a distance of Thirty One (31.0) feet; � , ,
<br /> ` � �'' . thence deflecting left 90 degees 13'24"and running easterly a distance of Sixty Six(66.0)feet; '�
<br /> '•(. , _,. r, .
<br /> -_�..: � � "•� thence deflecting left 89 degees 46'36"and runni�g northerly pazallel with the west line of said
<br /> � � �• Southwest Quarter (SWl/4), a distance of Thirty One (31.0) feet; thence detlecciinng left 90 .� ,
<br /> . ` • degees 13'24"and running westerly,a distance of Sixty Six(66.0)feet to the point of begining, � � � �
<br /> �� � together with all buildings,improvemerits, fixtures, streeis,alleys,passa;�ways,easements,rights,privileges and .� � � •
<br /> � : appurtenances located thereon, and all personal properry that may be or�:�reaRer become an integral part of such .
<br /> � � buildings and improvements,all crops raised thereon, and a11 water rights, all of which, including replacements •
<br /> � �� � and additions thereto, are hereby declared to be a part of the real estate conveyed in tr�st hereby,it being agreed .
<br /> � � . that all of the foregoin�shall be hereinafter referred to as the"Properiy." • .
<br /> .;. �. � FOR THE PiJRPOSE OF SECiJRING: .+ �' .
<br /> � . � � i a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of �
<br /> . $120,000.00,together witb interest at the rate or rates provided therein,and any and atl renewals, modifications
<br /> � � and extensions of such note,both principal and interest on the note being payable in accordance with the temss �. •
<br />.: � set forth thereit�, which by this reference is hereby made a part her�of; and any and all future advances and
<br /> � readvances to Trustors hereunder pursuant to one ore more promissory notes or credit ageements(herein called
<br /> _ .. � „Note"). � .
<br /> ��,k' � � ' � ' b, the payment of other sums advanced by 8eneficiary to protect the security of the Note;
<br /> � ��=�. . ' c. the performance of all covenants and agreements of Trustor set forth herein;and
<br /> � � d. all present and future indebtedness and obligatians of Trustors to Berteficiary whether d'uect, indirect. :
<br />� � absolute or conungent and whether arising by note,guaranry, overdraft or atherwise; I ' :
<br />, - � —= -�
<br /> TD PROTECT THE SECURI7Y OF TH1S bEED OF TRU5T,TRUSTORS HEREBY COVENANT AND ACREE: � �
<br />-� �- . i
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