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<br /> _ � DEED OF TRUST :�� ���s
<br /> This DEED OF TRUST is mitde thls lst6 day of Noveosber, 1993,by md among RICKY A. LETH
<br /> a�d PAI�IELA K. LETH, 6wbaad snd wlfe. hercirufter refecred to ts "Tru�ton,•' whether one or more,
<br /> - - - . whoae m�iling address is Post OFi'ice.Bo:�3Z,Csiro,Nebr�sic� a8824;1 H�STA i�.BAF�IYC�iF t�:A u3""ca. s
<br /> �- Nebrulnt Baekjn; Corpontjon, hereinaRer referred to u "Trwtee,'• whoae mailing sddreu is Bos 42s,
<br /> ;Y��� C�ir+o, Nebraska 68524; and THE STATE �ANK OF CAIRO, t� Nebnuica Sanicia� Corporatioa, -
<br /> - �� ha+einsRer referred to As•'Benetfciary,"whose nwiling�ddress is Bos 4?�3� C�tiro,Nebraska 6�24.
<br /> -�_''�___ _ For valwble consideration, Trustors irrevocably grsnt, trar.sfer, convey and asaign to Trustee� in trust,
<br /> --- with power of s�le,for the benefit and security of Benaficiary,under and subjcct to the terms�nd condirions of
<br /> ���� this Deed of Tnist,the following descxibed real praperty located in HAI.L County,Nebrask�:
<br /> - -- - Lot Eleven(11)of Harb Subdivision,a Subdivision of Block 2 IngaUs Turner Subdivision,V'illage
<br /> of Cairo,Hall County,Nebraeka,
<br /> -- - �:.'-,;:sr;s�.°� -
<br /> --�� � --- together with all buildings, improvements,fixtures, streets,aUeys, passageways,easements, rights, privileges and
<br />- ' "� appurtena»ces located thereon, end all personsl property th�t may be or hereafter become an integnl part of such
<br /> � .��.;��
<br /> � ? �,,, ,. buildings and improvements, all crops raised thereon, and all water nghts, all of wluch, �ncludu�g nplacements
<br />. •�c,x�;��,�::,;;;� `.- and addirions thereto,are hereby declared to be a part of the real estate conveyed in trust hereby,it being agreed
<br /> " •�� l�; �'° that aU of the foregoing shall be hereinaftcr referred to es the"Property."
<br /> ? .
<br /> - w�,�:��;+.�,��;��,. FOR THE PURPOSE OF 5ECURING:
<br /> �.,�;-_ .. ..
<br />_� ��,C;�c�".,"^in:.�'t:�,.
<br /> '�`'%�"�'•• st. Payment of indebtedness evidenced by Trustars' nate of even date herewith in the principal sum of
<br /> z��.:�. •,-�*... . ,*s
<br /> �, y� ��„;.,. ..,, r 524,000.00,together with interest at the rate or rates provided therein, and any and aU renewals, modificatians
<br /> - _ .;����.-;.' and extensions of such note, both principal and interest on the note being payable in accorditnce with the terms '
<br /> � ,*�'�";�^^ ..� ;; set forth therein,whiah by this reference is hereby made a part hereof;
<br /> :'�+�-� ���;,:j• b. Tha performance of each agceement and covenant of Trustors herein contained;and
<br /> ;.;,;- �� ; c. The payment of a11 sums advanced by Beneficiary under the terms of this Deed of Trust, together with
<br /> ;�•';, interest thereon at the rate provided in the note.
<br /> � d. The above amount is secured even though all or part of it may not yet be advance.Future advances under
<br />-- . the agreement are contemplated and will be secured to the same extent as if made on the date tMis deed of trust is
<br />— � � executed.
<br /> -� �rx�.•, ... . .,,,f..
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<br /> �=_± �LL�,�^ ,: •:.�*� TO PROTECT TH�SECURITY OF THLS DEED OF TRUST.TRUSTORS HEREBY COVENANT AND AGREE:
<br /> ' ' � ��"'.��•�`� 1. To pay when due,thc principal of,and the interest on. ti�c indebcedness evidenced b}•the noce,chargas,fees and ali oll�er
<br /> �
<br />` , , ':'.:;,�'s;� ' sums u provided in the loan instruments.
<br /> �� � � • 2. Tnutors ue the owners of the propertp and hava the right and authoriN to c.recute this Deod of Trust in rcsNoct to tLe
<br /> : � �� P�P�Y•
<br /> '- • ��: 3. To pay, whcn due, all uxes. special asuxsmcnts a�xl all other chargcs against thc property. before the suae baome
<br /> *`"}��'�", "`� c{elinquent. Tmston shall pay all taxcs und assessments n•hich may be le��ied upon Seneficiary's interest henin or upon this Dad of
<br /> � � 4 Tnut or We deM socured hereby.without regard to any law that roay be enacted imposing payment of the whole or airy part tt�oof
<br /> �'� a .r.°;�• '`�,.. U�1pII t�1C BCIICfIC18[f.
<br /> � 4. To kecp the impmvements now or heneafter locatcd on the property insurod against darnage by fire and such other hazuds as
<br /> ��- .• the Beoefkiary may require,in amounts and wmpanies accxptable to the Beneficiu�•.Such insurance policy�shall contain a st�ndud
<br /> '''"' .,; ' " morlg�8e clause in favor of Beneficiary•. Tcustor shall promptl3 repair. m�initin and mptaoe the property or anY pact theroo�so
<br /> :..� �`'=-.=� `� . that,exc�pt for ordinacy wcar and tear.ihe propem•shall not detenoratc.
<br /> °�Ls=.�:•• S. In the event thc property,or aay pazt thcroof, shall bc taken by cminenl dom�in. the Bcneticiary is entidod to collect and
<br /> �� �.��..=•-:.:�A':_' nocive all com�pansation which may be paid for anY Ptopen3'takan or for daznagcs to property not takca and the BeneHciary si�all
<br /> �• �y�,,,`�.;�-;;'; .` a p p t y w c h c o t n p e n�a t i o n,a t i t s o p t b n,e i t h e r t o a r e d��¢t i o n o f�h.i n d e b t e d n e s s s e c u r o d h c r c b y.o r t o r e p�i r a n d r e u o r e t L e p r o p e r t y
<br /> �— .. � ..
<br /> ` ,�'r. �o takan.
<br /> � .�!'���'�'' '� ' 6. The Beneficiary� rtuy, but shaU haco no obl�gatton to. do an�• act��•hieh Tnutors ha�•e agreed but failod to do, and the -
<br /> �c:.��t.��i+:
<br /> '�,i' �>�• Bwduiary may alw do any act it deems ncoessan�to praoct the licn Ncrcof. Tcustors agroe to rcpa}•,upon dcrt�nd,any sw�u so _
<br /> ' ? expendod by We Ben¢ficiaty for the abo�•a purposes.and any sum so expendod siuil be added to the indd�todness socurod hereby ac�d
<br /> becozoa �oc�u�ed by tUe lien hermf. 1'he Beueficiuy� st�all no wcur any liability bocause of anyttuns it cnay do or omit to do
<br /> 6ereuader.
<br /> -= 7. The Heaeficiuy st�ll have tLe rig6t,pow�er and authority during the oontiawnce of this Deed of Tnut to colkct the rents.
<br /> _J__L�_ J�L_ �J�{' �l Iww���.� rNL «.iNL�..� aL:� �!'�L� .
<br /> !��_��� ���r. ��..��...�w . .
<br /> . .. _�- - a�Mii iW NtYaps Ya u�.Ntarjrc�y ww�va w7 i�'���l��f^'�aj �v�aw uw��/r�n�w w w�a��rw i�w�1^"�'����+�'P�7A'��7
<br /> affactod hueby.xnd Tcustas 1►e�eby�bsolwely and uncaditionally assiga alt stich rews.issues and profits to the beaeficiuS�. The -.
<br /> beadciuy. bow�ever,6ereby conseats to Tnutors'ool{axion u�d retenaoa ot'svch rents. issues aad profits,so ioog ac Tnstors uc �
<br /> not,u such time,in dd��dt wiW respoct W payment of aay indebtodnesc seccured hetdry.or in the perfortn�na of aay�groemeN `
<br /> hae��odrr. If auy eMa�t of deFault describod h�atter in respocx to this Doed c�f Tnttt stWll ha�e oavrrod aad be ooatinuiug,the
<br /> Bead�cia�y,ae a rotttet of tight aad wit6out notice to Tnastors or w3•ooe c�iming under Ttustors.aod without rcgud W ibe value of �
<br /> tLe trost e�tale or tbc iotarst af the T�u�iors thereia,shaU have tbe riQbt to appty W aay court l��inj jurisdictiou to�ppoiut a =
<br /> eooeiver attbe pc+upaty.
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