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Tie snsaisrspod herafffly acimawiedges that tal zhc document so be execazed a a Trust Deed and not a =a rzpage and -b4 the power of sale provided
<br />for -a �dw Toast Dmd prim mlimzan diflerviat r jlats add to the Haarowc than a mortgage in to event od a die" ar breath of obb-
<br />f 33r f�a re r"wao and agrees *bas has been read and executrd m connection wide but prior m %be - - 's
<br />e addw T7rwr Dead
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<br />♦L11 tD R�,
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<br />Robert E. Herr -- a .i i . Orr - --
<br />im Tat= Dm s made rims 2 7t$>day of ?4arC31 — ;9 � 6 , by and between she ltustor,
<br />Robert E. Derr and Norma J. Derr Husband and Wire
<br />»— �3erea, ~$shown °j,
<br />wl�aesra"gaii"Mis Rural Route, mood River, Nebraska 68883
<br />7ed First National Bank & gust Company, Lincoln, Nebraska 68551 Navin „rye „)_
<br />and 8sey. First National Bank & "Trust Company, Lincoln, Nebraska
<br />„I , , MW64 WW=W is P.G. Box 81008, Lincoln, Nebraska 66501
<br />BO1 AOVML, in zamode amoc of the indebtedness hsae m rcdted and the :rtzs he.-ein created, irrevocably grams and conveys to Trustee, m zzlea,
<br />WrM IM PCOMR OF . SALE, the fo$owing described property ioustd in the county of _ Hall . State of Nebraska:
<br />See attached Exhibit A, incorporated by reference herein
<br />?UGEMER with ail bret3du4p, itazso s and improvements now a he-eafter ceded thereon and al righu of-aea3, easements _rn� issues; gtafsss
<br />nerrditasd— privileges, apparrences, Toy -Itim and amyl, ail, gas and weer :losses thereunto belonging, used or enjoyed with said
<br />laud at nay Part d"TWE all of which, mchtziiug repdacemetas and addaaaans thereto shah be deemed to be and rrmam a part of she property covered b -
<br />tine Trmt Deed; and all of the ftregaing together with said property are herein referred to as the "Property”,
<br />30 SE(`Ujl?E to Lender to =ePn'mear of indebtedness evidenced by Bzrrower's now dated -March 27 , z9 86
<br />t=gerI with any and all renewals. madifirarians, and exzensims thereof and subsntunan or emr]anges t or, rtterre to as -RNSW ; m
<br />tier prise i — of S —__3_Q 0 , 0 Q p . Q 0 .together with interest at the rate provided therein. with a anal
<br />instaaity, if acre soon pad, of March 27 - 19 98 and as securim for any future advances that may be made
<br />by Leader to i6aeower fioam time to time and as security for the pa of nay mm370- othher mde3tednes of the Borrower to the Lender which may
<br />acne, an o+f sad rams not to exceed m the aggregate a sum equal to Three times the o•igmal prmdrpal amount of the above recited Note-
<br />DMRO*TR covenants that Borrow_ is lawfully- seized of the Proper: Ty hereby corniced and has the rualz to grant and canm the Property. that
<br />the Property is unencumbered by any mortgage, rust dam, contra_rt to purd. or otherwise, except for a i inancinQ Statel ent ( s) /
<br />Security Agreement (s) in fiver of Commodity Credit Corporation on
<br />sh h the Maid balance an this dare does not exceed S 16,000-00 Borrower covenants to comply with al the
<br />tams and Provi�as of any poor mortgage. rust deed ar contract zo tmrc upon the . operty a to maike all payments thereon before ioev became
<br />delinquent if no name or amount is inserted in this aaratraph, then Borrower covenants that ihe:e are no prior :liens of any kind : pon the Pi open .
<br />3orrower ftrrsher covenants x wamnt and defend the title to the property against ail claims and demands.
<br />3onower and Lender iiazhm covenant and agree as follows:
<br />1. Bocawer shall promptly pay -hen due the principal and 'interest on the indebtedness evidenced by the do
<br />2 At lem ten days before they become delinquent;. Borower shall hay° all taxes and special =ssesa„rtits i to at --esari agahxst the P opc.,y.
<br />or any pert thereof. and all axes levies and amemments levied upon this Trust Deed or the Seat w pica a secures_
<br />3. Borrower shall keep the improvements and buildings, it any. upon the Ptop=zy Insured. with a company or companies app:oved by the
<br />Lender, for an amount not s he than the unpaid balance on the indebtedness secured by tins True. Deed with 'a
<br />a sndard mar-OW causc with lass payable
<br />m the Leader- Borrower shall deliver said policy or policies to the Lender.
<br />In toe event of a hoar. Bawer shall give prompt notice to the insurance carrier and the Lend= and Ele a goof of loss. If the Borrower is not
<br />otherwise in default, the Borrower may dent to apply the insurance proceeds to repair or replace tie damaged property. i economically ieasble, and he
<br />see�ity of this Trait Deed would not be impaired. If The Borrower s in default or e1rr3 ncn :a Tepa>: s Tepixe �e damaged Proaerry or real= or
<br />replacement would not be remomically feasible or the security of this Trust Bleed would be impaired � the msa:ancc proceeds shat. be app:idrd to rats
<br />last m payments due on the Noce. If the insurance proceeds are in excess of the total a.nount Sur on saiS Note, dre excess shad? be paid to the
<br />Borrower. Issmance araceeds for repair ar replacement shall be placed in escrow with zhe Lender and disbursed by Lender during or upms complerim of
<br />]etch replacement. If riot trade acquires xitr to the Property by tierrrsaag its power of sale, >orezhos�re or otherwise, in satisfaction of the
<br />sexta�
<br />her=-by., in .vitae o ir. pan, -hen all :ig}zt, side and inttttst of Ihr }fir. owe az and to such insurance polity Of pees shall sew to
<br />the Lander.
<br />4. for the purpose of providing a irnd for the payment of taxes, spoil aswannents and insuranze
<br />Leader, om t� data that pressaums, Borrower dull deposit with
<br />paymoats err_ Sat on ziue Mort, sA amount equal to ant sauces. a�.�..... -nts and Qsmm>aars tseu doe {aII as tssaoated by
<br />she Lain r, less amounts already deposited therefor; divided by the number of payments an the Nom thatjw& become *W pxiGr to thedaq wt. such
<br />uses, aaaci s and is cc 1. arms will become due and payable. Said funds -in be held by the L Fax non hccoutu
<br />for the purposes a- faerh above If the amwnts of these deposits are not sufficient :o pay tames. d"Ibecome
<br />due, then Seesaw- shall upon reque:si, pay Lender the amount uses to make up the deficiency.
<br />S. Unless applicable law provides otherwise, an payments received by L4=dcT under the Note and paragraphs I sad 4 bereaf shall be applied
<br />bs• Leader fits a payment of amounts payable to Leads bry Borrower under paragraph 4 hereof, then to interest payable on the Naze. then to the
<br />procipW of the !Ham. and then to interest and principal on any fwzlu> _ advances err other indebtedness sectored hereby.
<br />i. Narrower shall keep the Property in good repair and shall not commit waste or permit :mpairmenr ar deterioration ai :bc Property.
<br />H farrow- fails to: aj maintain or gay the im air required 'assurance of the Property, orb i pay taxes before dehi_- at, x r; pa}
<br />ENNERiEREH s under a print mortgage err trust deed =chef a �quenI, or dj szuinu� the P:ouezp gaud r pzriom asus Trshs Dad, then Lender mzv x its option gay rub iresuranee premiums, wren, er, pa ;•meahem pad take such acnan s it deems uaessty to prortct its interest without wvvmz affecht zo declartaoxcaed ]aortby becasse of my such fadm•e of the Berzower.:alac amounts so disburseby tut ll consti: ue seated by this Trust Deed and stall bear interest from tut date of disaw'semtnt a e ram der the '.lb ahadi nepaae Lender m uhakr array sorb disbutsemems or rake am action witatsaever.
<br />g. IAader may make or cause to be made reasonable entities upon and inspection of the P opexy.
<br />9. The proceeds of airy award ar claim for damages, direct m conaeque ntial, in eonnetmor. with any condemnation a: arhr. :akiag ai :'use Pro,
<br />easy. =s ,{wet dimeof, of for canveyaact in Mena of topdiemnaazm, are hereb assigned and steal be raid to Lender to fire extent of tine full amount of the
<br />smpid m*bse dwss secured by tics 3'irttet Deed -
<br />If rife Property is abandoned by- Scrrowic, ar if. after notice biz Lender :o Burrower that tine condemner offers :o make an award or serle a clitim
<br />fee dasya, f=rrower isiis to respond to ieodda avtthhas 30 days after the date such nv=c is -aided. Lendff is authorized to collect and appiy ticc
<br />penceeds so she suss aocured by zbes Trull Deed,
<br />proceeds or awards shat be crrditcd to the ins: Taturug i stalmmts of the mdcbtedness securrd and s'rau nor extend ur _•--p-
<br />tine dar Sane of the matallmeattreferred to = paragraphs i and a hereof x t'range the amount .,f s.zch eaestalreenu.
<br />10. If the Leander ssuea a partial redtaae od this T ^.art Decd. tht pracreda -ea crvcd erefo: sj al' be c. e : � is .ax: -nth :a.. -ins; ins :a•.l :ncntn :t
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<br />m&bstantin Sec red hemigy
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<br />L3c+r -d. vien banv,vtr -Z rctae{n;asc the L—acr r z e s and t stet,:... n.,t_ra
<br />;:era ,act: nine err :e ^ia1 r :ua -e<,a :r+$S and U14 s•srss sera:;
<br />t>aa�- :J.te a:iCnr .venal : : :de b.c- .iris. h: - �, _,, :•?� <<, ;, .
<br />:caa�c ere >rxt. .�z,tu
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