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<br /> DEED OF TRUST `9�� ?►O1S�� '
<br /> ± This Deed of"Trust,hereinafter referred to as Security Instrument, is made on this 28th day of February, � '
<br /> 1997. The Trustor, hereinafter referred to as Borrower, is Donald L, Shuda and Judy M. Shuda, husband
<br /> o�nd wife,whose address is 102A9 West Loup River Road, Danna�brog NE 68831. 'I�hc I'rustcc, hcreinaiter � �
<br /> referred to as Trustee, is Adams C�unty Bank. The Beneficiary, hereinafter referred to as Lender, is Adams : ,
<br /> Counry Bank, which is organized and existing under the laws of the State of Nebraska, and whose address is =__
<br /> Kenesaw,County of Adams, State of Nebraska. I3orrower owes Lender the principal sum of Eighty Thousand, ,� ;,.�:�:-�:-_
<br /> --Dollars $80 000.00 This debt is evidenced b Borrower's note dated the ° ���� '� j�`"�
<br /> AND NO/100--------------------- � , ). y . -
<br /> same date as this Security Instrument, hereinafter referred to as Note,with the fitll debt, if not paid eArlier, due � � _�r;±'
<br /> and payable on March 1, 2017. This Security Instrument secures to Lender: (a) the repayment of the debt
<br /> e�ndenced by Note(s), to�ether with interest thereon, any further advances, and all extensions, modification, ;� - �.:
<br /> substitutions and renewals thereof; (b) the payment of all other sums, with interest, advanced under Section Nine �
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<br /> hereof to protect the security of this Security Instrument; and (c)th�performance of Borrower's covenants and :�;�,:
<br /> � � a�reements under this Security Instrument and the Note. For this purpose, Bonower irrevocably grants and �
<br /> conveys to Trustee, in trust,with Power of Sale,the followin�described real estate: r
<br /> � 1�.j'
<br /> . . � :�.
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<br /> � A TMCT OF LAND COMPRISING A PART OF THE OF Tlik; NUK7H�:AS'I (1�JAlC1�:lC (N� 1%4j UN �r:Ll'IUIV --�-.' '
<br /> TftREE (3) TO�'J1YSI�� 1'WELVE (12) NORTH. RANGE ELEVEN (11)WEST OF THE 6th P.M., HALL COUNTY, "•'';`�� '•' �
<br /> NEBRASKA MORE PARTICULARI.Y DESCRIBED AS FOLLOWS:BEGINNING AT THE NORTHEAST CORN�R OF ���;�'� � �
<br /> SAID SECTION. THGNC�. S 0 DEGREE 11' OS" E AL�NG TAE EAST LINE OF SAID SECTION A DISTANCE OF �'�` �. •� :�
<br /> 1942.19 FE�T: THENCE N 88 DEGREE 26' 35" W A DISTANCE OF 1781.00 FEET: THENCE N 00 DEGREES 03'37" `s ` �
<br /> • W A DISTANCE OF 1904.32 FEET TO THE NORTH LINE OF SAID SECTION: THENCE S 89 DEGREES 43'28" E �
<br /> � ALONG THE NORTH LINE OF SAID SECTION A DISTANCE OF 99.OS FEET TO THE SOOTHEAST CORNER OF ��
<br /> SECTION 35 OF HOWARD COUNTY: THENCE 5 89 DEGREES 38' 34" E ALONG THE NORTH LINE OF SAID
<br /> ` SECTION A DISTANCE OF 1676.50 FEET TO TIiE NORTHEAST CORNER OF SAm SECTION ALSO BEING TRE
<br /> POIIVT OF BEGQINING. AND THE SOUTHEAST QUAI�TER (SC 1/4) OF SEC'TION FOUR (4) IN TOWNSHIP -- .
<br /> • 3 TWELVE(1Z)NORTfl�RANGE ELEVEN(1])WEST OF THE 6th P.M..HALL COUNTY,NEBIWSKA.
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<br /> • �i which is located in HALL County, Nebraska, having the address of Rural Itoute, Dannebrog, NE and is '=L�°'F
<br /> hereinafter referred to as "Property Elddress". �'�"�'��
<br /> '� Together with all the improvements now or hereafter erected on the property and all easements, rights, --- --
<br /> � � appurtenances, rents, royalties, mineral,oil and gas ri�hts and profits,water ri�hts and stock and all fixtures now __�
<br /> " � or hereafter a part of the said property. All replacements and additions shall also be covered by this Security =���:
<br /> ' Instrument. All of the foregoing is referred to in this Security Instrument as the"Property". �'��"�"
<br /> .�=;_.--
<br />`. �: ,. Bonower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the ri�ht to !`:-��;.;---=�`=--__
<br /> n�� - � ti.'��:.
<br /> � �rant and convey the Property and that the Property is unencumbered, except for encumbrances of record. -�?,.,�=�',.����.,„�4: �• .
<br /> � Borrower warrants and will defend generally the title to the Property a�ainst all claims and demands, subject to '"';`_��` . '�'
<br /> - any encumbrances of record. Borrower and Lender covenant and agree as follows: �� � � �'�
<br /> ;
<br /> 1. TRUST DEEDS ACT. That this Trust Deed shall be governed by the terms of Section 76-1001, and :
<br /> � � followin�,of the Revised Statutes of the State of Nebraska, also known as the Nebraska Trust Deeds Act.
<br /> � 2. PAYMENT. That the Borrower shall pay to the Beneficiary the principal and interest under the terms � . .. .
<br /> � of the Promissory Note(s). � �
<br /> _ 3. TA?�S. That the Borrower shall pay all general real estate taxes and special assessments levied "
<br /> hereinafter against the property when the same become due and before the same become delinquent. �
<br /> ' 4. INSURANCE. That the Borrower shall insure the property a�ainst loss by fire, hazards, included
<br />_ within the term "Extended Covera�e" and any other hazards for which the Lender reyuires insurance in an
<br />-• amount not less than N/A with a comnanv Qualified in the State of Nebraska by a policy containin�a clause for
<br />. ' � loss payable to the Beneficiary and the Borrower as their respective interests exist at the time of the loss and to T�
<br /> provide evidence of payment of the premium of said policy upon reasonable demand by the beneficiary.
<br /> - .. Unless Lender and Borrawer otherwise agree in writing, insurance proceeds shal] be applied to
<br /> - restoration or repair of the Property dama�ed, if the restoration nr repair is econornically feasible and Lender's
<br /> security is not lessened, or the insurance proceeds shall be applied to the sums secured by this Security
<br />- Instrument,whether or not then due, with any excess paid to Borcower.
<br />— IfBorrower abandons the Property, or does not answer within thirty (30) days a notice from Lender that �
<br /> _ the insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. Lender may �
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