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<br /> . Loen No.: F-18439�Im
<br /> NEBRASKA DEED OF TRUST 97�•• 1�s�,'�'
<br /> AND SECURITY AOREEMENT
<br /> THIS DEED QF TRUST Is being executed on the date(s)indEcated belaw, effective as
<br /> of February 2�1, 1997, by and between �DWIN R. SCHMIDT AND KAREN L. SCHMIDT,
<br /> hereinafter whether one or more (and if more ihen one then JoinUy and severaily), called
<br /> 'Tn�stor', and Rick D. Lange of l.ancaster County, Nebraska,a member of the Nebraska State
<br /> Bar Associatfon, hereinafter callsd Trustee", end THE EQUITASLE LIFE ASSURANCE
<br /> SOCiETY QF THE UN�TED STATES, a NEW YORK Corporation, havirtg its p�ircipal otflce —
<br /> and post office address at 1290 AVENUE OF THE AMERICAS, NEW YORK, NEW YORK
<br /> 1 d104,hereinafter called "BeneTiciary";
<br /> WITNESSETH�that the Trustor,for goqd and valuable consideration, including the debt
<br /> and trust hereinafter mentioned and created, the receipt and su�ciency of which is hereby
<br /> acknowledged,does by these presents, irrevocebiy grant,bargain and seil, convey,assign and
<br /> ccnfirm unto the said Tnastee, IN TRUST. WITH POWER OF SALE, for the ber�efit and
<br /> securiiy of Beneficiary,under and subJect to the terms and condition of the Deed of Trust,the
<br /> following described real propePty situated in HALL County, Nebraska,to wi�
<br /> The West HaH ot the Northe�at Quarter (W1/2 NE7/4) ot Section Fourteen (14),
<br /> Tawnahtp Nine (9) North. Range Twelve (12) West ot the 6th P.M.� Hali County,
<br /> Nebraake
<br /> containing 60 acres, more or less.
<br /> F8R VALUABLE COi�SID�RA:iON� recsEpt af which Is ac.knot•rleclgetl, Tr+.�stor, as
<br /> debtor,irrevocably grants and assigns to Beneftdary,as secured party, a security tnterest in all
<br /> of the fotlowing collateral which(s personal property now or heroefter owned by Trustor or in
<br /> which Trustor now or hereafter has any rights and whiah is naw or hereafter located dn or at,
<br /> ar a�xed or attached to. ar produced from, or used in connection with safd reai property,and
<br /> all substitutions, replacements, additions, accessions, products and proceeds of or to said
<br /> collateral, to wit:
<br /> One 8" West�em Land Rolier turbine pump, serial no. R-8592-00-043, 2640 feet 8"
<br /> aluminum pipe,and all similar property owned by Trustor s9nce January 13, 1977
<br /> Together with: all equipment,farm producis, crops growing or to be grown,timber, all
<br /> �ixturRS, impr+ovements, buildings, and the plumbing, heating vent�tating and lightlng
<br /> systems and equipment the�ein; al{ bam eyuipment;and all pumps, pumping staUons,
<br /> motors, engines, machinery, reservoirs, pipes, fiumes, fences, and other machinery or
<br /> equipment, except tractors, used for the production of water on said premises or for the
<br /> irrigation or drainage thereof,all of which shell be constnred and considered as afflxed
<br /> to and part of the real estate.
<br /> This is a security agreement pursuant to the Uniform Commercial Code as enacted by the
<br /> State of Nebraska and Beneficfary shall have ail rights and remedfes of a securod party with
<br />- respect to said coliateral under the Uniform Comrner�cial Code as enacted by the State of
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