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<br /> : 13�ED OF'I'RtJST�ITH FUTIJYaE,�D�ANC�S ..`: � °. �`
<br />' � � ' ~ ' �.k'•��
<br /> �` • �� � This DEED OF TRUST is made this 16tb day of Decem6er, 1997, by and among RD�ERT L. " . _
<br /> _ . SIE�EILS a�ad�E'[7 Y d.�IENIERS,6asband and wif�,hereinafter referred to as••Trustors,"whether one -.;��°�:.
<br /> ` or more, whose mailing address is 5076 West Abbott Road, Grand Isfand, Ptebrasga i�ie; THE STATE � ; ., �'�:,_
<br /> f ,� . � BANK AF CAIItO,a Nebraska �anlring Corporation, hereinafter refeaed to as"Trastee,"whase ma�ing ' _
<br /> � address is Bog 428,Cairo, Nebrrast�a 68824; and T�E STATE BANK OF CA1R0, a Nel�ras�a Ban�� _ . - -
<br /> '�'` � ' : � . Corporation, hereinafter referred tu as "Beneficiary," whose ma�ing address is �os 425, Cairn, leTebraska � �. ` .' --.
<br /> - 1r8824. `
<br />- � � _. . Far valuable cansideration, Tnistors irrevucablY grant, transfer, convey and assign to Tnistee,in tiusi, , ; --
<br /> _ � � with power of sale,for the benefit and security of Benef ciary,under and subject to the terms aad cor�ditions of , `'�-"
<br /> l -- ' � ---'�' this Deed of Trust,the following d�scnbed real property located in SALL County,Neb r a s k a: � "�
<br /> A�
<br /> ;.;
<br /> . �°�•�-.
<br /> ;�l . .. . � . . . , c�"' .i:^.
<br /> -:, SEE ATTAC�NT„A��� <. .. ; 4.-:.��_
<br />�- --. ., .`.-_:. `� s un rovements,fixtures,streets, ewa easements,rights, priv�eges and �� ,'.��
<br /> .,�.` . � . . �-� togeiher with all bu�ding , P �eNs,P� Yg, � �..� -
<br /> , � appurcenances tocated thereon,and all personal property that may be or h$reafter become an integral part of such �� ��.�=�
<br /> . ' �.
<br /> and aU water ri all of w}n includin re lacements �=-
<br /> �:�.�.;"� . buildings and improvements, aU crups raised thereon, Shts, ch, g P --
<br /> `- �` � aad additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby,it being agreed , � �`�
<br /> '�'� � : that all of the foregoing shall be hereinafter referred to as the"Property." . �:, � :_�:,
<br /> -;. - -
<br /> `�;': .' - . FOR'�HE PUItPO�E�F SE�tIlitG: .� . � ,��_�
<br /> i:�. � -- ---� �
<br /> • � � � a. Payinent of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of z���-
<br /> ,;.:,� . . , $114,000.00, together with interest at the rate or rates pravided thereiq aad any and aU renewals,modifications • . ,r
<br /> ' � and extensions of suc�a note, both principal and inierest on the note being payab2e in accordance with the terms ;��..,.'� , ��:�
<br /> � - set forth therein, which by this refereQce is hereby rnade a part hereo� and any and all future advances and --•�---L� --_
<br /> '' � � � �f readvances to Tn�stors hereunder pursuant to one ore more promissory notes or ctedit ageements(herein calted �`� � •` ��
<br />�.-` . . ` � -_ "Note"); � . _
<br /> . � .. - b. the payment of ather sums advanced by Benef ciary to protect the security of tlse Note; ---_
<br />, �,.- . . � � c. the performance of all cavenants and agreements of Trustor set forth herein;and •`�� �.
<br /> � � :...�:i d. all present and future indebtedness and obligations of Trustors to Beneficiary whether direct, indirect, , . ..
<br /> � ' absolute or contingent and whether arising by note.guaranry,overdratt or otherwise; �
<br /> �.. � 1 . ., �
<br /> •• • � : TO PRO'F�CT'd'HE SECURITY OF THIS DEED OF TRUST.TRUSTOR5 eEREBY�OVENANT AND AGREE: '
<br /> . . �,� .. '
<br /> ' ; l. To pay when due, the prineipal of,and the interest on,the indebtedness evidenccd hy the note,charges, fces and a21 other . •,���;.;,.�
<br /> 4 sums as provided in the loan instnunents. • ; . .
<br /> x. Tnistors are the owners of thc propesty and have the nght and authoriry to execute this Decd of Trust in respect to the
<br /> � . � ' pro�y�m•. � .
<br /> : �;; � , � 3. To pay, when Quc, all taxes, special assessinents and all olher charges against the property. before the same became � , �
<br /> . •� delinquent. Trustors shall pay all taxes and assessments which may be tevied upon Beneficiary's interest herein or upon this Deed of
<br /> � � � Trust or the debt secured hcreby.without regard to any law that may be enacted imposing payment of the whole or any part thereof .
<br /> , � . upon the Beneficiary. . �
<br /> 4. To kcep ihc improvemenis nmv or hereaftcr located on the praperty insured against damage by fire and sush othcr harards as . .
<br /> • . the Ben�ciary may require.in amounts and companies acceptable to the Beneficiary.Such insurance policy shall wntain a standard • .
<br /> � . mortgage clause in favor of Beneficiary. Trustor sha11 pmmptly repair.maintain and replace the property or a�ry part lhereof,so �
<br /> ' ' that,cxcept for ordinary wear and tear.the property shall not deteriorate. :' '
<br /> ' S. In the event the property. or any part thereof, shall be taken by eminent domain.the Benef ciary is entitled to collect and • �
<br /> ' . recci��c ap compcnsauon which may be paid for any property taken or for damages to property not takcn,and the Bcneficiary shall .
<br /> •. � ' '. apply such compensation. at�ts option. cither to a reduction of the indebtedncss secured herehy,or to repair and restore the praperty � �
<br /> ' ' � • , { so taken.
<br /> '�' G The Beneficiary tnay. but shall ha��c no obligation to. do any act �chich Tmstors have agreed but failed to do. and the
<br /> '"� ' j Bencficialy may also do anv act it dccros nccessary to protcxt thc licn hcreof T�ustors agrcc to repay.upon dcmand. am sums so :
<br /> - . j expcnded by the Benefic�a�y�for the abo�•c purposes.and any sum so expended shali be added to the indebtedness secured heretsy artd �
<br /> ' ' becomc sccured by� the lien hercof Thc Bencfician• shall no incur am• I�abil�ry becausc of anything �t map do or omit to do .
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