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<br />-- DEED OF TRiJST 9'4_ 10�95 ---
<br />�A ThiB D�BD OF TRUST ie mede this 16tb day oF M�rcA� 1994�by ertd�mong DAVI.D G.nUBBB Nnd
<br />-- PATRICIA A,. DU8H9� husbsnd �nd wife� hetreinaRar referrcd to as "'i'rustors." whether oe�o or more,
<br /> - — -- - whoss mailing addresa is Raute 1 B��34, Calro, Ncbraalue�aZ4; '�HE BTATE sANK OP'CAIRO, �
<br /> ti, ��'q"�
<br /> ' , � Neiti�p�iw �Anitln� Corporottom. hereinaRer referted t� aa "�'s�te�," whose m�iUng addre�s ie �oa 42�d, �_ - - --..-
<br />=y° C�iro, PTe6ralu 6Ad24; a�d THE STATE BANK OF CAIRO� a Nebra�lu Banking Corporadon�
<br /> �� i hereinaRm referred to as"Benetici�ry,•'whase mailing address ia Ho:4Z8,CRiro�Nebmska 6�24. ---
<br /> .,;_ _t�. ` Far valuable conslderadon, Trustora trrevocably grent. transfer, convey and assign to Trustee, in truet,
<br /> • �''�•"`�`�-<����`� vv�th power of sale�for the beneflt artd�ecudty of Benefictary, under and subject to the tern►s and conditiona of
<br /> ,{,�tt?';;fa...".�'."��'i.��!� --
<br /> , ,�r����; ;.,,,;,,; thia Dced afTrust,the foUowing d�scribed resl property located in HALL County,Nebraska: . --
<br /> ��j�.• +ti�::,t- ,,�:�: c
<br /> , �'�±�'.',�`: . , �....—_
<br /> � . n ��� � � The south half of the Southwest Quarter(3 1/2 SW 1/4) of Section One(1), T�wnship Eleven Y�
<br /> ��,� ,' . (11)North,Range Twelye(12)West of the 6th P.M.,in Hall County,Nebraska, - -_
<br /> , . ��;".:.
<br /> � ,... ,
<br /> together with aU buildings�improvements,fixtures,atreets� alleys� passageweys,easements,rights,privileges and ;�;tit.:
<br /> �� _ _.._ . . - �.�
<br /> " �_.____�,____.___.____:_ appurtenances located thereon,and all personat property that may be ar hereaRer become an integral part of such �� '
<br /> - ------- - --- "
<br /> � buildings and improvements� aU crops raised thereon, and all water rights�all of which, including replacements ,;:� ._ �
<br /> ,, {,_
<br /> �. and additiona thereto,are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed . _
<br /> ", that aU of the foregoing shall be hereinafter referred to as the"Property." :��'�=�
<br /> . ,; .
<br /> a --
<br /> � " FOR THE PUYtPOSE OF S�CURING: •`r� ��'-- -
<br /> ,.��
<br /> � . . a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of `'
<br /> � $95,000.00,together with interest at the rate or rates provided therein, and any and all renewals, modifications ' � �
<br /> . �' .
<br />-- ._—�r _ ��,,`..
<br /> ---.- and extensions of such note, both principnt attd inieresi on the note being payabte in accordanc� wiih ihe tvrms
<br /> .. set forth therein,which by this reference is hereby made a part hereo�, " �
<br /> � b. The performance of each agreement and covenant of Trustors herein contained; and �
<br /> . . c. The payment of all 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 this deed of trust is ` �
<br /> � executed. "'��'_�
<br /> , R '
<br /> � TO PROTECT T8E SECURITV OF THIS DEED OF TRUST�TRUSTORS HEREBY COVENANT AND AGREE: ( ���,�+,�1�
<br /> . �%`�
<br /> � 1. To pay when due, the principal of,and the interest on. the indebtedness evidenced by the note. charges, fees and all other i ,��-
<br /> . sums as providcd in thc(oan instrumcnts.
<br /> 2. Ttustots arc the oi+�ners of the property and havc thc right and anthorin�ro e�ec�qe this I)eai of Tn�st io r�t to thc i . _ �'—�� - .
<br /> ProPeriY•
<br /> 3. To pay, when duc, ali taxcs, spccial asscssmcnts and all othcr charges against the propeny�, bcfore the same become � a , . .
<br /> deliuquent. Tn�stors shall pay all tares and assessmcnts N•hich ma��be Ic�ried upon Heneficiary's interest herein or upon this Deed of � � -
<br /> • Trust or the debt secured hereby.wi�hout regard to any la�v that may be enacted imposing payment of the�vhole or any part thereaf �
<br /> upoa thc Bcneficlary. ;
<br /> 4. To kcep thc improvements no��• on c�rcafter located on thc property insurcd against damage b�•tire and such other hazards as
<br /> �� the Beneficiary may require,in amounts and campanies acceptabte to the Benefician•.Such insurance policy�sha!!wntain a standard ,
<br /> mortgage clause in favor of Benefician•. Trastor sh�ll promptly mpair. maintain and replace the property or any part thereof, so
<br /> I that,exc;ept for ordinary wcar and tcar,thc property shall not dctcnoratc
<br /> , � S. In the evcnt thc pmperty. or an}•pan thcrcof,shall bc takcn by emraent domam, the BeneCiciary�s entitled to coltect and ,
<br /> , ' reoeivc all compcnsation which ma}�bc paid for any propert}�takcn or for dama�cs to propert�• not taken.and the Beneficiary shall '
<br /> apply such compensaaon,at its option,either to a reduction of the indebtedness seaucd hereb�•, or io repair and restore the property
<br /> so taken.
<br /> 6. The Beneficiacy ma�•. but shatl ha�•c no obliguUOU to. do am uct ahich Trustors ha��e agreed but failed to do, and the .
<br /> Beneficiary may also do any�act it dcems nacssan�to protect thc ticn hcrcof. Trustors agrcc to rcpay. upon dcmand an}�sums so
<br /> ! . + expendod by the Benefician•for the abo��c purposes.and am�sum so cxpended shall be added to the indebtedness secured hereb�•and '
<br /> ; �, I became secured b}� the lien hereof. The Beneficiaq• shall no incur am• liabiliq• because of anyKhing it may do or omit to do
<br /> �. , hereunder.
<br /> •�__ _ � � Tt...u.,,,va,.ao...chotl hovn �M roh� n.,u•rr and anthnrita•dnnno the rnntinuanee nf thic Dec+�i nt Tmst tn rnliert the rentc
<br /> __ .. � .. ...............�....� ...�... .�.� ..._ ..o_...r_-'-• -'-- ---'.-...• _.
<br /> � issues and pmfits of the propert�• and of am� personal propem• lacated thcrcon���ith or�►ithout taking possession of the pmpem•
<br /> a8'ected hereby, and Trustors hereb�absolutel�•and unconditionall�•assign all such rents, issucs and profits to the benefician•. The
<br /> � beneficiary.however, hereb}•consenls to TNStors'coliection and retention of such rents.issues and prut`its.so long as Tnutors arc
<br /> ' � no� at such time.in default�vith respat to pa��ment of an}•indebtedness secured hereb}•, or�n the performance of any agrcement
<br /> ' hereunder. If any e�•ent of defaWt descnbed hereafter in respect to this Deed of Tnist shatl ha�•e occurnd and be continuing, the
<br /> �� Bcncficfary.as a mattcr of right and n�ithout noticc to Trustors or anconc cla�ming undcr Tn�stors.and eithout mgard to thc�•aluc of
<br /> ' , thc uust cstatc or thc intcrest of thc Truslors thercin. shall harc thc nght to�pph• to am�mun ha��ing�unsdict�on to appomt a
<br /> � recciver of thc property.
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