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<br />" DEEI)OF TItiJST WITH FUTUItE AI3iTANCES - . ., �`
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<br /> :; This DEED m]F 'IRUS'I' is made this 30t6 day of B�sesrbar, 1996, by and amang 1�/ERIHDELL R. -r� �
<br /> T1�1iT�B�a��S�iI.I.Y HaUBB�, �usb�nd a�ad s�if�, hereinafter refereed ta as"Tre�stor�,"whether one or more, . ��'�
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<br /> u•i�ose��ti�+g address is Post�'nee�ox 3�6.Woad�v�r, Piebrsslu�6�OF3�03b6;TH�STA'I'E BANK Or � �,:;�i^:�;.
<br /> C�dO, � Nebrasp�a Hanking Corparntflon, hEreinafter referred to as "T�" whose mailing asldress is .,. t :_. �,,,J_ -,;
<br /> Bog 4Z8,Cairo, Neb�.�a 688Z4;ucd TH�S'H'ATE BANK OF C�O,�1>Jebrs�sEca Banking Corporatioq ° � � ', �--�--=a-__
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<br /> hereinafter referred to ss"Bene�iciary,"wT�a�mailing address is��$�28,Cairo,NebrasYca 68824. � �•--- ;�,�a:.-
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<br /> For valuable consideration, Trustors itrevocably grant, transfer, wnvey and assign w Trusiee, in trust* ',„ � � ��'`:
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<br /> with power of sale,for the beaefrt a�d security of Bene�ciary, under and subject to the tem�s and conditions of : � .
<br />- this Y?eed of Tn�st,the follovving descn'bed real prop�rty lacated in HAI.L County,Nebraska �-'��-��''�'-°'
<br /> �>��� -'�����:
<br /> 'The Northeast Quarter of the Sout6�ast Quarter (NE 1/4 SE 1/4); and the wes2 �of 6fie "'`- ,. �
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<br /> Souiheast Quarcer (W 1/2 SE 1/4) of Sedioa� �hre� (3), Township '�cA (10) I�ort�, �� � � - _
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<br /> ;rK-�ve(12),West of the 6th P.M., in Hall Cou�vtg;�Iebraska, subject to�s2menis, reservati� . . :
<br />� ��public roadseittzer apparent or of re�ard, and�g 120 acres more or��s, �'`K'' " t.:�'' '
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<br /> toget���`,h aU bu�dings,improvements, �es, str��,`?leYs,Pa�geways,�m�.s,z�ts,P���s and �� r._� .�...��.;
<br /> agpurtenances located 4hereon,and all persaral propertc� r��::may b�or hereafter�ome an integral pa�t a��'such . �.,� ...:5 i;%.'..:
<br /> s buildings and improvements, all crops raisc.�3*�ereon, a��:s� was�a.,�hts, all of which, i�+w�ding replacements �;� ;
<br /> '� � and addirions thereto, aze hereby de�lared tce be a part of the rea!es��conveyed in trust::r�hy, it being agreed ' " `'� ''
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<br /> i that all of the foregoing shall be hereinafter refened to as the Propesty. ;�r�,�l.,;:� . -:�."'::
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<br /> � �OR'I'H�P�OSE OF SECU�tING: — =�':,� �:�` �'-=--
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<br /> a. Payment of��ebtedness evidenced by Tn�stors note of even date herewith ia the principal sum of ...�,,.;,,
<br /> � $149,500.�0,together with interesi ai the rate or rates provided therein, and any and all renewals,modi$catioas �:;�;,;:%���.-''=��s-';.�
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<br /> .'�,`; and extensiona of such note,both principal and interest on the note being payable in accordanc�with the terms � �'�., ,. _ _
<br /> ,-:�; set forth therein, wl�:�hy this reference ��ereby made a part hereof, and any and all �'uture advances and
<br /> � Trvstc��►ereunder wsuant ta one ore more promissory notes or credit agr�znts(h�rein called "�~''�`"'�
<br /> �> readvances to P ,'�-':�-- •� -
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<br />.. .i `Note }�.. . :.
<br /> �{ b. ��ro payment of other sums advanced by Heneficiary to protect the security ofthe Note; �"s' '-.-`_-�-�
<br />.: � . ''''Y.`. -..� -
<br /> c. the performancs of all covenants and agreements of Trustor set forth herein;and �
<br /> d. all present aad future indebtedness and obligations of Trustors to Beneficiary whether direct, indire�x, '_;`_:�,
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<br /> absolute or cantingent and wke3�er fuising by�ote,guaranty, overdraft or oiherwise; �:�`�°;t�;F,,,,,._,;...;,,
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<br /> 3'A PROTECT T�SECUdiTfl�i'OF THIS DEED OF TRUST,TRUSTORS HEY�I'2`mVEI`A.'vT AND AGREE: - 'f'�`�k�� ' � �---
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<br /> � of,and th�i^terest o�the indebtedness evidenoed by eIte note,c11:.rges, fees and all attier � `:�s.= �r ."" . . •
<br /> 1. To pay when dce. ihe princi� � '�: "
<br /> �$�l►y�e+�r..a,y�'r,6;..
<br /> sums as provided in thc loan instsamraus. . � �,.
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<br /> Z. Tm�ors are the awners of tL•�property and have tltc ri�Jit and authonty to executc �bis Deed of Tn�st in respect to the 1:;'�,���::��
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<br /> 3. To pay. when �ze, all taxe5, spec9a1 a��fm�ents and all other charges against the praperty, �¢fore ihe same 6eeome • ' ' '
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<br /> delinquent Trastms shall pay all taxes and asses..�eau which m�y be levied upon Beneficia�ys interest her�n or upon this Deed of . .�::.��',�,��,,,�,
<br /> Tnut or the debt s�ecured hereby,wit2�aut regard to azry taw that mmsiy be enacted imposing paymc�of ihe who2e or aoy part thereof . •. •
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<br /> upon the Benefiaaty. ,�:•;�.r,�� ,,. 1
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<br /> 4. To keep the impmtrements now or he�eafter located on the property insurai against damage by fire and such other ha�uds as
<br /> � the BeneBciary may requite.in amounts and wmpanies aoceptabie to the Beneficiary,Such insurance poliry shall oontain a slandacd � . .
<br /> mortgage clause in favor of Heneficiary. Trustor shall promptty repair,maintain and r�eplace the propeny or any part thereof,so .
<br /> tha�exoept for ordinary v�ear and tear,the property shall not deteriorate. . r:
<br /> 5. ln th�event!he propeny.or any�art thereof, shall be taken by emiBent domain the Heneficiary is entided to ooltect and • ..
<br /> receive all oompen�tion which may ba paid for arry pmperty taken or for damages to property not takea and the Beacficiary shall . �
<br /> apply such oompeensation.at its opuon,either to a reduction of the indebtedness secured hereb}+,or to repau and ratore the praperty , . ..
<br /> so taken �
<br /> 6. The B�nefeciary may.bnt shall have no obligaUOn to. do alry act which Tnutors I��e agreed but faiied to do, and the • .
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<br /> Beneficrary may also do aay aa it deems necessary t� pratect thc lien hereaL Tmstors agrce to repay.upon demand.a�sums so �
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<br /> � expendcd by the Beaeficiary for the abati•e puryoses.and am+sum so cxpended si�ail be added io ihe indebtcx�ness senue�hereby arz+i . ' . �;
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