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<br /> • i DE�D OF 'I'RUST
<br /> I ' W
<br /> This D�E� OF 'TRiJS'T is made this 7th day of February, 1997, by and amonb RP & JP FARMS, . ,;,±;};��k�
<br /> IN�:., A Nebr�s� Corporation, �ereinafter referred to as "Trustors," whether one or more, whose mailing � � :'�--�
<br /> nddress ia e813 South Burwick RoAd, Wood RivPr, 1Vebraska 6�883; THE STATE BANK OI' CAIRO, a ;•t�,'";°;=�
<br /> '� �. ��,:=--
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<br /> • b�bpaals� 63anl4�aag Cor��rAtiun, hereinafter referred to as "Trustee," whose mailing address is Ho: , ;':, _
<br /> � ➢Vebrw�k� 6882A; nnd THE STATE iiANK OF CAIRO, a Nebraslca �anking �o�r�oi��t�o�, , �_
<br /> � C�Iro, y --
<br /> ' hcreinaRer refetred to as"Benei�ciary," whose mailing address is Box 428,Cairo,Nebrstska 68884. � •� _ _
<br /> , .�� For valuable consideration, Tnistors irrevacably grant, transfer, canvey and lssigr► to Trustee, in trust, ,.�'_�-�-
<br /> � � with puvrer of sule, for tha benefit and security of Beneficiary, under and subject to the terms aY►d conditions of �-_� ,l�_�
<br /> "" � thie Uced of Trust, the following described reul property loc�ted in AAY.L County,Nebraska: ��._. ----:—:
<br /> T.
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<br /> ,p '�'i�e Wcst 11n1f of th;�YC,`���i���2K�T vnship Ten(,10)North,Range El�en(11)West of he�p�.jyrter(SE
<br /> ., 1/4 S�V 114),Scctiat y 8 _
<br /> .. � � � nnd
<br /> ' m..ry c,r;,.��f�.,��r n��:�ncr of thc Southcast Qua�ter(SE i/4 SE 1/4)of Scction'itvelvc(12),Totivnship Nine(9)North, �,!
<br /> �� Rnnge Elcvcn(I I)Wcst of tl�c GW P.M..all in Hali County.Ncbraska,
<br /> n �,;� ';
<br /> ' � togethcr with all buildings, impravements, fixtures,streets,alleys, passageways, easements, tights,privileges and �;t,�
<br /> � � app�trtenancea located thereon, and all personal property that may be or hereafter become an integal part of such
<br /> all of which including replacements ,�`
<br /> hulldings end impravements, all crops raised thereon, and all water rights, . , _
<br /> � and udditions thereto,are hereby declared to be a part of the real estate conveyed in trust hereby,it being agreed � �
<br /> � tiiat all af tl�e foregoing shall be hereinafter referred to as the"Property."
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<br /> FOR THE PURPOSE OF SECURING: H;�
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<br />- - � NAyment af inaebtedness evidenced by Trustors' note of even date h�rewith in the principal sum of
<br /> . � ,,�°'' � S2(}(),O(1()OQ,together with intcrest at tlie rate or rates provided therein, and any and all renewals,modifications
<br />-: � � � Hnd extensi�ne of such note,both principal and interest on the note being payable in accordance with the terms __
<br /> . � »et 6�nh�herein,wh{ch by this reference is hereby made a part hereof; rein contained;and
<br /> b '1'ho performance of each agreement and covenant af Trustors he _ _
<br />�:o-�� 'x� c '1'ha payment of all sums advanced by Beneficiary under the tenns af this Deed of Trust, together with
<br /> : � • sntcrest thcraon�t the rato pruvidcd in thc notc.
<br /> _'' � d '1'ha above wmount is secured even though all or part of it may not yet be advunce.Future�dvances under ��„_ m_
<br /> - ' � 11�nyteem�nt bro cc�nternplated and will be secured to the same extent as if made on the date this deed of trust is __ _
<br /> " �, crk�ta�led ---- ---
<br /> � �:���_:� � �:�
<br /> 'I'l/Mlif1`I'f!C'I"f11E SF:CUKITY OF'fHI5 DFEU OF TRUST.TItUSTORS HEREBY COVENANT AND AGREE: ���-
<br /> ' �• ' •"�'�:�'`�` `''a�;;c;:
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<br /> - 1 'i'��p;►o ��I�cn dac. �I►c��nns�p:d oL ,►ud tl►c �ntcrest on, thc mdcbtcdness cvidenccd by tlic note,charges,fees and ull ather ' ;+��;3,�;,,_•
<br /> � , � ' �.mn�n��►ro����1cA U�tl►o lam insu�nncnis .._.:�;;.��.
<br /> ' 3 ��q�i�q►�w nre Ib�owikr�+ of Iiw property nnd hm�e Uic nght and authority to cxaute this Dced of Tmst in respect to the �� A ': •
<br /> • �►iopcilY � before the same beoome r ..
<br /> ' 1 'f�� �►�y. ���i►cu duc. �dl Inxca, r; c�al nssc�smrnts and all othcr charQcs against thc property.
<br />_ �klhs��►�cnt t���It�cc�red lic�s������no�a rc��as o nnysi�����i�nl�»� be enacted i nposing payment orf he whole er any p th�ereof �
<br /> !n�s�o►I Ix�ik
<br /> _ - u�wm it�c Ilcncflcu�n --°- � : .°
<br /> � 4 'i n M.�•t��ilie unpro�•�mcnte notiv vr herca(ler located at�the propeRy insured aga�nst damage by firc and such other harards as •
<br /> .. ; iiie(ICIk'Il�It11V 111,�� �cqui►e.in nnww►tN�md con�p:unes nceeptable to�he peneficiasy.Such insurance policv shall contain a standard
<br /> � �i�„�i},.��.�,�unv; u� �ln��r of lieneliciat} 'I'nistar sh�dl pron�Ntly repa�r, maintain and replace the property or any part tliereof,so
<br /> — �leil c��.cp� (ur n�d��r.u� ���:►r�iuA 1�.►r.Ihc pro�xrly shc�ll uo1 dctcnnrntc
<br /> i !1 In Ilic �►cul Ihr. �i�1��k�ty. ��r�my Inrt II►c�ral�. sliall bc�.�keu by cmutent�dom.�in, tlic B'otet kcn,and tho Bcncficia'rylshal
<br /> � i,���i►��dl�uuqxm:il►ou��luch iiiny Irr p;ud for nny propc�t}•Inkcn nr for dam�},cs to propcct}•
<br /> � n���d�i.n�.h+om�r:n�atwu. m iiti o{tiUon. cuhcr 1:�u rcdueuon of�hc�ndeG�cdness sccured hercby.or to repair�nd restore the propem• ., ..
<br /> . i i.����i6��u
<br /> A 1 hc Itcnclii.��uti ni:n. Uw tihnll h;i�c nu ubliF;nuon �o. do an}• act t�htch 1'n�stors havc �+grocd but fadcd �o do, and thc
<br /> � Ih�ucli�.�ai� m.�� .dM��k�nn� ��ci il ilca•u�s ncccsr.tn lo protcct Qic Ircn hcrcof 1'n�stors agrcc to rcpay. upon dc►nand.any sums so ..
<br /> „ l'\�N�IIIICII(ID IIIC III:IIII�LI��iy G�r it�c n{K►�c pm{x9scs.�u�d i�u}•ti°°�s°cxpcndcd shall bc addcd to thc�udcbicdncss sccured hcreby and
<br /> Ik„�wc �c�aii�i b� �he licn hcr<<�f I'hc Hruc(icru}• shnll nu mcur ain liabiluy bccausc ot �my7l�ing u may� do or omit to do
<br /> � Lri�:um!<:�
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