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<br /> � DEED OF'I'�iUS'�WI'I'I� FU'�'URE ADVA.1�1�1ES
<br /> This D�ED OF TRUST is made this Z9th day of Eipril, 1946= by and amojig CLII+rQPt1D;�.JEti�ELi�� -
<br /> and SUSAN K. JEWELL, hu8bxnd And wife, hereinafter referred to as "Trustors," whether one or more, l�
<br /> whase mailing address is Po�t Oltice Bo:273, Caira, Nebr�slu�6882d;'I'HE ST��'E HANK OF CAIRO,� �
<br /> Nebr�skx R�nking CorparAtion, hereinafter referred to as "Trustee," whose mailing �ddress is Boi 4ZS,
<br /> C�irn, lvebr�s{c� 6aSZ4; and THE STATE BANK OT CAIItO, a loTebra�ka Banking Corpora�ion,
<br /> hereinafter refened to as"Benefic�Ary,°'whose mailing address is�oY 428,Can�o,l�elsraaE�6l�829. �
<br /> Far valuable consideradon, Trustors inevocably grant, transfer, convey and assign to Trustee, in trust,
<br /> with power of sale,for the benefit and secuiity of Beneficiary, under and subject to the terms and conditions of
<br /> this Ased of Trust,the following described real pr�perty located in HAY.L County,Nebraska:
<br /> Lc�t Tlurteen(13),in Block Ten(10)in the Origintil Town of Cairo,Hall County,Nebraska;
<br /> together with all buildings,improvements,fixtures,streets, alleys, passageways, easements,rights,privileges and
<br /> appurte�nances located thereon,and all personal praperty that rnay b�or hereafter become an�integral part of such
<br /> bnildings anci i�ii�,i,�e.�«�ts, �!l :.r��s :si°.�t�=°-I!'^='-, ane� all water riahts, all o�wluch. including replacements
<br /> and uddiricsns thereto, aze hereby declared to be a part of the real estate conveyed in trust hereby,it being agreed
<br /> that all o�the foregoing shall be herei.natter referred to as the"Propert�►."
<br /> FOR THE PURPOSE OF SE�IJRING:
<br /> �. Payment of indebtednesa evidenced by Trustors' note of even dat� herewith in the principal sum of
<br /> 520,000.00, together with interest at th�rate or rates provided therein, and any and all renewals, modifications
<br /> and extensions of such note,both principat and interest on the no4e being payable in accordnnce with the tecros
<br /> set forth therein, which by this refere.nce is hereby made a part hereof; and any and all future advances end
<br /> readvances to Trustors�ereunder pursuant to ane ore more promissory notes or credit ageem�nts(herein called
<br /> "Note''); �
<br /> b. ths payment of other sums advanced by Beneficiary to protect the security of the Noto;
<br /> c, the performance of all covenants and ageements of Trustor set forth herein;and
<br /> .� At� „r�cr.nt and futcue indebtedness and obligations of Trustors t� Benefxciary whether d'uect, indirect,
<br /> --- r----
<br /> absolute or contingent and whether arising by note,guaranty,overdratt or oth�rw�ss;
<br /> 'I'O PR�TECT THE SECURITY OF THiB DEED OF TRUST,TItUSTORS BEREBY COVENANT AND AGREE:
<br /> 1. Ta pay when due, tlu principal of, and the intQresc on,the indebtedness evAdenad by the note,charges, fecs and all other
<br /> sums as pravided In the loatt instnunents.
<br /> 2. Tn�stors are the owncrs of the property and have the right and authority to executc this Dceci of Tnist in respecc to tlu
<br />_ P�ItY
<br /> 3. To pay, when due, all kvices, spocial assessments and all other charges ap,�inst the �rroperty, Lefore the same be:e�me
<br /> delinquent. Trustors st►ali pay all taxcs and asscssments whicli may be levied npon Beneficiary's interest i►erein or upon this Dcxd of
<br /> — Trust or thc debt securc�l l►ereby,without rcgard to any!aw tl�at may be enacted imposin�paymcnt of the whofe or any part dicreof
<br /> _ upon the Beneficiaty.
<br /> = d. To kxp the improvements now on c�mafter located on the properry insurcd ap,dinst damage by firo and such o4hcr i�atards as
<br /> the Beneficiaty may rocluire,in:unomts and companies aooeptablc to tlie Beneficiary,Such insurs►nce policy sBall contain a standard
<br /> y mortgage clauso in favor of Bcneficiary. Trustor stial[pmmpdy rcpair,maintain and replax thc pmperty or any p:.rt 3hc�+eof, so
<br /> — �at excent for ordinary w'car ai►d tear.thc pmperty shall not detcrioratc. ` � _�y__ __ -•-���A��o�
<br /> � S. In the event the pm�erty,or any part thereof, sualt oe taKen iry cmina�n uomai��. «IG DGIFttMIGI� ta batµaaw ............�..».�
<br /> = receive all wmpensation�vhich may be paid for any propercy taken or for damages to properry not taken, a�id tlie Beneficiary shali
<br /> � apply such compensation,at its option,cither to a reduction of the indebtedness sccural l�ereby,or to rcpair and restore the pnoperty
<br /> � so taken.
<br /> 6. The Benefcciary may, but shall have no obligation to, do any act �vhic� Trustors have agrcxd but failed to do, and tlie
<br /> Bencfiaiary may also do:iny act it decros nooCSSary to prota:t thc licn hcrcof. Tn�stors agree to rcpay,upon demand,any sums so
<br /> cxpendcd by the Bcncficia�y for thc abovc puiposcs�;u►d any smn so c�pcnded shall bc added to thc indebtedness sccured heretry and
<br /> bt�omc secured try tltC lien hereof. The Bcneficiary shnll no incur any liubility becausc of anylhing it may do or omit ta do
<br /> hereundet.
<br /> 7. The Heneficiary shall havc the right, po�ver and authority during thc continuance of this Dxd of T�ust to ooliect the tcnts,
<br /> � issucs ae►d profits of ttte propetty and of any personal aropercy lo�tcd tttercon widt or wiiliout takin�possessim�of the propeny
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