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<br /> , �•a o� Trust �7� •
<br /> ��t�braska) 1�� .
<br /> �'his Trust Da�d, made this 20th day of February, 1997, batween Loyd C.
<br /> Terpsma and Lorene B. Terpsma, husband and wife, whooe address is 4700 So.
<br /> 98th S�reet, Lincoln, Nebraska 68526, mrustor, and Sruce Y . Braisch, A��oxncy
<br /> at Law, whose addreae is P. O. Box 790, Grand �fsland, NE 68802, Trustee,
<br /> l�itn�s��ths That Wher�as, Trus�or has executed one aertain Deed oP Trust
<br /> Note bearing �ven date herewith and drawn to the order of �t�tzopalitan Y,ii• _
<br /> Insur�aas Coapanp, horeinafter called Benef iaiary, far th� prinaipal sum of
<br /> One Hundred Nine�y Thoueand Dollars ($190,000.00) , payable in lawful money of
<br /> the Un�ted States which �hall be legal tonder in payment of all debts and _
<br /> � dues, public and private, at the time of payment, with exchange on the City �
<br /> � of New York, payable in i.nstaYlmonts, �he final inst�llment due March 1, __--'h�'�`
<br /> 2012, with iaterest thereon from the date thereog as therein provided. �~""����
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<br /> � ent of said Deed ��� �
<br /> .*.nd t�]hereae, TriaBtor �� desirous of securing the prompt paym , -
<br /> � ' of Truet Note and all interest and chargea thereon, in whose hands soever the �,;�,�� _
<br /> ! sarae may be. �'
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<br /> Now, therefore, Trustor, in conaideration of the gremi ses, and for the 7l �
<br /> �t ,�t-
<br /> purpose aforesaid, hath granted, bargain�d, sold� and conveyed, and hereby � �� ,--
<br /> ;, ,s doRS grant, bargain, sell and convey unto the Trustee, in trust, with power ::t���..���
<br /> � s of sale, pursuant to the Nebraska Trust Deeds Act (�ection 76-1001 et. seq.) ,
<br /> '�• all the following desaribed real estate, premises and property, situate in
<br /> ��'� the Counties of Hall and Kearney and state of Nebraska, to wit:
<br /> ��., ThP Weat Half of the 3outhwest Quarter of Section 34, Township 11 North, � " �'
<br /> � Range 12 We�t oP the 3ixth Principal Meridian, tIail counzy, 'r3ebzaeina,
<br /> together with all csop� gxown thereon. .�:
<br /> � The South Iialf of the South Half of the Northwsst Quarter and the North Half '.! ��'
<br /> " t of the North Half of the 3outhwest Quarter of Section 36, To�tnship 6 North, �"� .;.�
<br /> Ranqe 15 We�t of tha Siacth Principal Meridinn, Keerney County, Nebraaka,
<br /> togethar with all arops qrown thqrQOn.
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<br /> Tha Note sacurad hereby expre�sly� provides that the holdor thereof mny nt its
<br /> option chanqe or adjust the interest xntes eet torth therein. _ -
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<br /> It is ngr�ed that all irrigation pumps, mo�ora, snginee, pipgs, sprinklers, _ _'�-`
<br /> � a o n t r o l p a n a l 4 a n d a a a a s s o r i e a, a n d a l l other irri gation �quipmont together _�._
<br /> with all water and wetering rights of evsry kind and dascription and all =--_
<br /> inprovementa, fixtures and appurtenances connected therewith now or hereafter �
<br /> �. placed or inatallnd on said premises shall be construed as aff ixed to and a _
<br />- pnrt of the real estate hereinabove described and subjeat to all of the
<br /> ' provisionB of �his Deed of Trust. ��`--���-
<br /> � The Not� sacsured by this Deed of Trust i� further seaured by a Financing ---
<br /> � P state�ent and Seeurity J►greemen� of even date herewith, aoverirtg all �e•-
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<br /> irrigation equip�nent, improvemeate, �ixtures and appurtenances as described - �`=
<br /> . 3. �Ti�s�r
<br /> � �. in said Finanaing Statement and Security 1�greement. ������
<br /> � " ±:�r Beneficiary ahall have the xight, power and authority during the continuance �`;�. r'=r��,;. ,•:° .
<br /> � � F o� �his Deed of Trua t to co l lec t t he r s n t s, i s s ues and profita of the � -=
<br /> property and of any personal property located thereon with or without taking ��"��;�'�• �
<br /> • possssaion of the property affected hereby, and Trusto� hereby absolutely a�d � �
<br /> � unconditionally asQigns all such rents, issues and profi ts to Benefiaiary. , . .
<br /> , Beneficiarg, hewever�. hereby consents to Trustor's oo?lectio*� anc� ret�en�iop �
<br /> - of auch rente, issues and profits as they accrue an6 becoma payable, se 2ong , ,
<br /> • as Truator 3s not, at such time, in default with respect to payment of any �� ,
<br /> �' indebtadnesa seaured hereby, or in the performance oP any agreement
<br /> _ _—__. hereun�ler. If any event of dafault described hereafter in respect to thia ��
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<br /> � Deed of Trust ahall have occurred and be continuing, t3ener iciary, as a mn��o,. - ---
<br /> of right and without notice to Trustor or anyono claiminq under Truator, and ,
<br /> ' without regard to the value oF the txust estate or the intereat of the
<br /> Truator thEil'g11ir shall have the right to apply to any court ha�vinq
<br /> - jurisdiction to appoint a receiver of the p�operty. It is further agreed �_
<br /> - � that in aase of default tn the payment of the said principal Deed of Trust
<br /> Nots or interest, or any part thoreof, as it shall raature , or in the caae of � �
<br /> failure to keep or perform any of the covenanta or agreements contained in
<br /> this Deed of Trust, then the Beneficiary, ita successors or assigns, shall be
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