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<br />' DEED OF 1`�US'I'V�/I'i'H�iJTiJRE ADV.�INCES `, .. . ' .. ,,<�:�._.-
<br />` This DEED OF TRUST is made this St6 day of Deceenber, 1996,by and among DENNIS B.BA.ASCH - �� ..:..����_�"=_
<br /> L, and KATffi.EEN G. BAASCH, bnsband aud wif� hereinafter referred to as "Tra�stors,° whether one or . • ' `""��-"°'--
<br /> •�:Rs�-�__._
<br /> more, whose mau7ing address is 11762 West 1-r ldoad, Cs�, Nebpaska 6882A; 'It�IlT' STATE BANK OF �`�.'. ',�¢�ti:�y r.�.
<br /> _' CAIYtO, a Nebras� Baniring Corporatio0. �Ere=.�.�er referred to as "Trastee,•• ��ase �g address is _ .__-•��-"—°-°�
<br /> ' nn -'
<br /> `r::', BflY 4Z8,Cairo, Nebr�ska 688Z4;and THE STAT���.NI{OF C�iIRO,a I�iebraska Ban��orpor�tiou, �.�r`-� ,�r?'�•:.:°''.
<br /> ' �� "whose m 4 a��s is Boa 428,Caaro,Ne�aask�68824. ' �`.,., ,�
<br /> � ` hereinafter rzferred to as Heneficiary, �, � .�;. ;�;: �.
<br />`,` ,� For vatuable consideration, Trostors irrevocsbi.w�t, transfer, convey and ��to Trustce, in trust, � .v _:i., �
<br />=. . with power of sale,for the benefit and security of Ben�:.-a-'Y,ut►der and s.��':.�to t�e tenns sc�conditions of ;.��4 ,:�..'.
<br /> _ - followin descnbed real prap�Io�ated in HAL��.�t;nty,Nebraska: �`"'����.
<br /> • this Deed of Tn�st,the S ,{L:..�.� 5 ;. `_
<br /> ;��t;.: •,y. k
<br />. .r. a tj`,• -.
<br /> � The Northwest Quarter(NW 1/4)of 5ection Sixte�?y�fi),Township Twetve(12)North,Range ~�'
<br /> ..�.. Twelve(l2) V4lest of the 6th P.M., and the East I�Iatf(E 1/2) of Sectian Five (5), TownsIup .�,��, .J.�=�..�:'�
<br /> . Twelve(12)North,Range Twelve(12)West of ths 6th P.M.,all s��Iall Couuty,Nebraska, ,r• :• _. ,�: .`
<br /> �:�
<br /> i � e���ts,ri rivileges a�r� ~ i:�• ;�-
<br />� � together with al�buildings,imProvements,Soctures,su'eets, a��«-�.P� Y� ��P
<br /> enances locate�thereon,and all Personal property that���be or�c-s�:$er b��e an integral part of such �,�;�'�;:'.
<br /> aPP�
<br /> buildings and inaproveme�, all crop�raised thereon, and all water nghts, all of wl;ich, including replacements a�� .�
<br /> .����f.
<br /> � a n d additions t�.�eto,aze hereby dec�r�d to be a part of the real estate conveyed in tn�st hereby,it being agreed �4;� .:�_�_ ;i.
<br /> tha4 all of the fnregoing shall be hereir�.`�r referre�to as the"I'roperty." _ . ,::•�;f;; � :.
<br /> �!�f .
<br /> FOR'I'�PURPOSE OF SECURING: �.yf:'': _
<br /> :��,:_.
<br /> � �
<br /> a. payme�t of indebtedness evidenced by Tn�stors' note of even date herewith in the prinapal sum of �..'�"`
<br /> ��;,�.�
<br /> � $63,000.00, tageth�r with interest at tlie rate or rates provided thereui,and any and all renewals,modificati.Qns ��- ._
<br /> �"''i4'r�,' �
<br /> and exteasions of suc9i n�te, both principa! and interesi on the note beiu�payable in accordance witb the te�s , j•�:, . �
<br /> set forth thercti�, which by this reference is hereby made a part hereo� and any aad all future advanres and "" � .. •,�;�.::'s�:'� ` �
<br /> readvances�u�T�.�stors hereunder pur�rl.aait to one ore more promissory notes ar credit agreemeats(herein called :_„�-y,����_ `
<br />: � 'Note"); -___ �,
<br /> � (�. the paymEnt of other sums advanced by BeneSciary to protect the security of the Note; '��f,;.:.--
<br /> . � the performance of all cavenants and ag�eaaents of Trustor set forth herein;and —��::::
<br /> � � � d. all presen�t and future indebtedreess aad obligations of Trustors to Benefciary whezher direct, indirect, < �. f:: .
<br /> :f`Sx::,, ' .�.
<br /> .k.Q:, absolute or c��singent and whether arising by note,guarturty,o°rerdraft or othsrwise; .�„�„;, _
<br /> ,�. :���'�--
<br /> '�O'PR07'ECf TBE SECIJRYi'Y OF THIS DEED OF TRUST.TRUSTOA�I�REBY COVENANT AND AGREE: �_• '•�� ��
<br /> •':;�i�.tf _:.
<br />'�S.','���F� _ �='. .
<br /> '�;;�v i. To pay��2ien due, the Pr�naPa1 cf,ar:�i the interest on. the indebtedness evidenoed by the note.charges,fees and all other --- � -
<br /> soms as provi�in the loan i�strumcnts. . -. . ,-
<br /> �. Trastors ate the awners of the properiy and have the right and authority to execute Uvs Dee�of Tnist in n�spect to the _ '�`- .
<br /> �v�r„i.•;�A
<br /> ��' assessments arcd all other charges against the property, Defore the same beeome ��' ��`�'' `
<br /> . 3. To pay, whe,i due. ail ta�s. spe�1 ��rnts which may be Ievied n Bene&ciar�s intecest Lenein or upon this Deed of ��''
<br /> delinqucnt. Tnutors shall pay all taxes and ass � �-;`�T.�,:.�-,�_-°
<br /> .��»>.�,..�,,,r.v�,'
<br /> Tnut ar the 8e6t secured herebY.cvithout reg,ard to any law that may be enacted imposing yayment of the whole or atry part thereof � . � .
<br /> , DpOD 1bC 82IICfltl3ly ai�k�nag?S�n,�. :,r
<br /> ; . �., ,,..,
<br /> - 4. To keep the improvements now or hereafter lacated on the pmperiy insured against damage bY fire and such other Iia7ards as _.. . _
<br /> the Beneficiary maY requir�in amounts and oompanies accePtab2e to tHe Benef ciatY,Such ias�uance poliry shall oontain a standard .. - : .
<br /> . mortgage clause in fawr of Be�frciaty. Tnistor shall promptlY zepair. mainfain and reptace the pmperty or a�part thereof�so , . _ _
<br />. . tLa�e�coept for ordinary wear and tear.the Propert3'shall nm deteriarate. � , .. •
<br /> 5. In the evcnt the properiy. or any part thereos shall be taken bY eminent domain. the Eeneficiary is entitled to oollect and . • . -
<br />• receive a11 ooiupen,�ation which may be paid for ai►y pmperty tuken or for damages to properiy not tatcen,and ihe Beaefcciary shaU _�__._._..,_.�. -
<br /> ape
<br /> apply yu�ch oo�enration,at its option,either to a reduction of the inAebiedness secured hereby.or to cepair and restore the property _:�,,.�,,�,,y_
<br /> = sU i�c"'1,. --_ -- - --- --- -
<br /> 6. 'I�e Benef ciary may. but shall have no obligation to, do any act which Tnutors bave agreed but failed to do. aad the :� ,
<br /> , Beaeficiary may also do any act it deems neoeuary to proteca the lien hereof. Tmstors agree to repay,upon demand.azry sums so . _
<br /> __-_,_ a•c��Ps!hy!hp�ciary for the above pu�poses.and anY sum so expeadcd shall be added to the indestedness secured hembry and - -- — _ `
<br /> y�eoome secvred by the lien hereof. The BeneSclary shall no incur azry liabilitp because of anything it may do or oaut to do
<br /> hereunder - � '
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