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�� � � �� �� N � e � � � B � � � � �� � W - �_ - .�� - nl � S � R R� � � � �\ n1 � � � � � $ � � .. � � � 0 DEED OF TRUST r �� �_� ►-; S '� D r � ,c r, ' � �, -s F--� � � � m c7 � m � � l<.) �"'� �+ r-� � �4 � �� � �•1\ o �, N K'� {n C� `-� C I> z -+ -..� m � o o -� ' Z = rn D o0 r" � r v. � �� N � � � � � �p � � �' � 6r�,i�0 � D This Trust Deed is made this �� day of e , 2012, between JAY / S T. LAUTENSCHLAGER, Trustor, Stephen P. Schmidt, Trustee, and GERALD A. �.� ` STROMER, Beneficiary. Trustor irrevocably grants, bargains, se11s, and conveys to Trustee in trust, with power of sale, the property in the County of Hall, State of Nebraska, legally described as: (see attached), as recorded, in Hall County, Nebraska, together with all the tenements, hereditaments, and appurtenances now or hereafter thereunto belonging or in any wise appertaining. To have and to hold the same, with the appurtenances, unto Trustee. For the purpose of securing perFormance of each agreement of Trustor herein contained and of securing payment of the sum of THREE HUNDRED NINTY FIVE THOUSAND SIX HUNDRED SEVENTY FNE DOLLARS ($395,675) with interest thereon according to the terms of a Note of even date payable to Beneficiary or Order. The terms of such Note are incorporated herein by reference. Trustor covenants and agrees as follows: 1. PAYMENT: Trustor shall pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or any part thereof. 2. TITLE: Trustor is lawfully seized in fee of said premises and they are free of encumbrances except as herein otherwise recited. Trustor hereby warrants the usual covenants to the same extent as a statutory Warranty Deed under the laws of the State of Nebraska. 3. CONTINUING EFFECT: The provisions of this instrument shall remain in full force and efFect during any postponement or extension of the time of payment of the indebtedness or any part thereof. 4. DUTIES OF TRUSTOR: To protect the security of this Trust Deed, Trustor shall: (a) Pay all taxes, fire and other hazard insurance premiums, assessments, water rates, and other governmental or municipal charges, fines or impositions; and in default thereof, Beneficiary may pay the same. (b) Not commit waste or authorize the repair or the removal of any shuctures on the property covered, and not do or permit any act that may lawfully result in the creation of a lien or claim upon the land or the improvements of equal or prior rank to the claim of this Trust Deed without prior written consent of Beneficiary; but otherwise maintain the property in as good condition as at present, reasonable wear and tear excepted. Upon any failure so to maintain, Beneficiary, at its option, may cause reasonable maintenance work to be performed at the cost of Trustor. (c) Maintain continuously hazard insurance of such type or types and amounts as beneficiary may from time to time require on the improvements now or hereafter on such premises, and to pay promptly when due any premiums therefor. All insurance shall be carried with companies approved by Beneficiary, and the policies and renewals thereof shall be held by Beneficiary and have provided therein that loss be payable solely to N O N N O N � �h/ G►� - 1 -