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<br /> . . . � p��D OF'i'IaUS'd'WIT�I FU'TUIaE t�Di�A1dCES _�
<br /> �l - � r
<br /> � of FebruaQy, 1998, by and among MAF�K 4 '
<br /> Tivs DEED OF TRUST is made this 2�d day :
<br /> . .. ` :r G and DEBUI3AH J. I.EMBURG, husband and wife, hereinafter refeired to as ".'t[Ynstors,•'� ;��.�<<..::'�''�r�
<br />_ .L LEMBIIK ort R�ad, Cairo, Nebraska bS824: THE � ` `: 'c::-
<br /> whether one or mare, whose.mai�1'u►g address is 11963 West Ai*P . `
<br /> • : CAIRO,a Nebsaska Banl�ing Corporation,hereinafter refecred to as'�O a Nebraska \� `.'"'�` .-��-.
<br /> . . _ S'i'ATE BANK UF .� ..�
<br /> �;; •=�,�--
<br /> � maiiing address is �oa 41.8, Cairo, PTebraska 68�24; and THE STA'Y'E BANK ddsess is Bos 4T•8, Cairn, , - -T�:�:
<br /> - • • ; `':< oration, bereinafter referred to as "Beneficiary," whose ma�iling �
<br /> , Banking Corp ` .
<br /> `�`` Nebraska 68824. transfer, convey and assign to Truste� in trusc. _ .
<br />;4,;:' , �.' For valuabte consideratio4 Trustors irrevocably gant, , ., _ --
<br /> -• � � .- wer af sate, for the benefit and secauitY of Beneficiary,uuder and subject t Nebrastca� �d conditions of , .y... , �
<br /> . ..._ w►t h P° l o c a t e d i n H A L L C o u n t y, � , �-
<br />� � � - .. this Deed of Trust, the following descn b e d r e a l p r o p e rt y ,�.�;._
<br /> , ... , ,j, (])Lemburg Subdivision, HaU County,Nebraska; yt .�::F -_
<br /> � � Lot . `
<br /> One ����_`,`�"z�.
<br />�.,.✓ ._ '' streets,alleys, passageways,easemenis, rights,priviteges and :�:�:• �
<br /> � � � together with all buildings. imProvements, fixhues�
<br /> .,:.
<br /> . � � located thereon,and aU personal praperty that may be or hereaft f�ic e'u�iCluding r placements �� •�'�=
<br /> `�.� aPPurtenances -� .,�-.�-
<br />:'`:�: ' � buildings and improvements,all crops raised thereon, and all water nghts, all o
<br />;�;.,
<br />;�:r•: . ..,.'�;�
<br /> � addirions thereto, are&ereby declared tu b�a Part of the real estate�comeyed in trust herebY.it being agreed . ��;_.
<br /> ,.�, i �d ��
<br /> � thai all of the foregoing shall be hereinafter referred to as the Properry. ��} ��.'
<br /> �' � �S�O��ECiJRiNG. �` .. ;�-
<br /> F�R T�YE PUI�P . -_"�::'
<br /> � � ' Trustors' note of even date herewith in the Princ►Pa1 sum of ' :•;,.��=
<br /> � � a. Payment of iudebtedness evidenc�d by _ . {� ►^
<br /> :.:�t-
<br /> : $94,500.00,together with interest at the rate or rates providednote be�dayable�'�n accordance a'ntt►the�erms ��}'_"
<br /> � and extensions of such note,both principal aAd�nterest on the g P �..�-=
<br /> ";:. . � �—
<br /> ����+.,...
<br />'�;�. '. � �. set forth therein, wt^�ich bY th;� reference is hereb Te mo ea romiss�ry notes or credit agreemems t°�an�� , ` �T ��:
<br /> ', � readvances to Trustors hereunder pursuant to one o P -'___-
<br /> . . . .��_
<br /> • '� "Note"}; BQnegciary to protect the security of the Note; � � _ _ .
<br /> �� . � � b. the payment of other sums advanced�`Y eements of Trustor set forth herein;and � • � . �_
<br /> • , c. the performance of all covenants and agr . _ .
<br /> . .. ail resent and future indebtedness and obligations of Tcustors jo��@�e�Y �+hether d'uect, indirect, ' -
<br /> d. P an overdra8 0
<br /> � , . � absolute or contingent and vrhether ansing by note,guar tY,
<br /> TO PROTECT'f8E SECURI'�Y OF THLS DEED OB TRIJST,TRUSTORS HERIEBY COVENANT AND AGREE: .
<br /> • .T � whcn due.the principal of and the intcrest on. thc indebtedness evide�►ced bY the note, charges,fees and all other
<br /> •• • � • 1. To pay '
<br /> sums as pTavided in thc loan ins1n�ments. :
<br /> Z. Trustors arc the ou�ners of the property and have the right and authonty to executc this Deed of Trust in respect to the �
<br /> . Pto�� before thc samc bcxome .
<br /> �Y�� �, �� �xes, Spaial assessments and all other ct�arges against the property. �
<br /> 3. To pay. Wcreof
<br /> • dclin uent. Tnutors shall paY a11 taxes and assessments�vhich�bc�l e�t�pe�g p S��of��hole or anylpart �of . :
<br /> ' q �vithout regard to any law tha y
<br /> � Trust or the debt secured hercby.
<br /> upon the Beneficiary. p p� �nsur�d a inst damage by fire and such other ha�ards as
<br /> ' ;. ro keep thc imprm�emcnts no�v or hereafter lacated on iRe ro rty � Sa
<br />� � may require.in amounts and wmpanies acceP�able to the Beneficiary.Such insurancc pulicy shall contain a standard
<br /> " � tiic Bcnefsciary rc air, maintain and replace ihc pmperty or any part ihereof,so
<br /> mortgagc clausc�n fa��or of Bcneficiary 7'rustor shall promptly p .
<br /> that.except for ordlnan«�ear artd tear.thc property shali not detcriorate.
<br /> S ln the e��cnt Ihe property. or:+nY Pa� ��nOf,sha11 bc takcn by cminent domain,the Bnot t kcn.nd Ihc Benefi�ary 1�1
<br /> • recei�•e all compensation a•hich may be paid for any properiy taken or for damages to properiy .
<br /> , � appl�sucl�compe�uauon.at ds opteon.either to a reduction of the�ndebtedness secured hereby.or to repair and restore�he property
<br /> , , �j so takca . •
<br /> 6 The Beneficiary� ma�. bin shaU ha�•e no obltg�tion to. do am� act a•hich Tn�stors ha�'e agreed'bun de�m�and,any' asums so
<br /> � Bcncfinan�ma}�also do an}�act''C ab��u�o cs.and a�n�C i m so�cxpc dcd shall bc addcd to he ndebtcdness sccured hereby and �� .
<br /> ' ' cspendcd b}�thc Bcncfinan•for P
<br /> bccomc scciucd b}' thc I►c�i hcrwf Thc Bcnefician� shall �io �ncur am� I�abilin bccausc of amihing it may do or omit to do
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