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� � �� � N � � = N �� 0 �� � B � �� � � — — .�� � �� �� � ` W � � � � � 1 � � � � � 0 P .� � _ � ��e ACKNOWLEGEMENT OF � � � r r R � o `` . C� n � -` I =� �C' � _� rn � "' l� (�Z?r n �� a � �, . � e _ DEED OF TF� ST BORROWERS READ THIS BEFORE SIGING: �-.�, �:� � C rl G7 N P� 'Y7 � P C_J GJ � � o -a C D Z --1 � rn � � o � _ Z � nl � � r � r � V7 � b � � N O F-�+ �� � -�.] N O � Borrowers (Trustors) understand that the document that the Borrowers are about to execute is a Deed of Trust and not a mortgage and that the power of the sale provided for in the Deed of Trust provides substantially different rights and obligations to the borrowers than a mortgage in the event of a defauit or breach of obligation under the Deed of Trust, including, but not limited to, the Lende�'s right to have the Real Property sold by the Trustee without any judicial proceeding or foreclosure. Borrowers represent and warrant that this acknowledgment was executed by them before the executions of the J�� De� e y . —�-- KENT ORR, Borrower DEED OF TRUST WITH POWER OF S14LE THIS DEED OF TRUST is made on this � day of August, 2012. The Trustor is Kent C. Orr and Dianna L. Orr, Trustees of the Orr Living Trust dated December 23, 2009, and any amendments. The Trustee is Sheila R. Orr. The Beneficiary is Mante L. Orr. The Beneficiary's address is 3600 390�' Trail, Hay Springs, IVebraska. Trustor iITevacably conveys to Trustee, in Trust, with power of sale, the followring: All those parts of Lots 12 and 13, Block 2, Sothman's Subdivision to the City of Grand Island, Hall County, Nebraska, commencing at a point on the Easteriy line of lot 12, 22 feet Northwesterly of the Southeast comer of Lot 12; running thence Southwesterly along a line parallel to the southe�ly line of Lot 92 a distance of 125 feet to the Westerty line of lot 12; running thence Southeasterly along the Westerly line of Lots 12 and 13, a di�tance of 50 feet; and running thence Northeasterly along a line parallel to the Southerly line of Lot 12, a distance of 125 fe�et to the Easterly line of Lot 13; and running thence Northwesterly along the Easterly lines of Lots 12 and 13, a distance of 50 feet to the point of beginning. Together writh all the rents artd profits therefrom and subject to easements and restrictions of record, if any. Trustor owes Beneficiary Thirty-Seven Thousand Dollars ($37,000), evidenced by Trustor's note of even date, payable to the terms thereof. This Security Instrument secures to Beneficiary the Debt evidenced by said note, the payment of all other sums, with interest, advanced under the provisions hereafter to protect the security and the performance of Trustor's covenants and agreements. Trustor covenants that Trustor is lavvfully seized by such real estate and has the legal power and lawful authoriiy to convey the same and warrarrts and will defend title to the real estate against the lawful claims of a�l persons. TRUSTOR AND BENEFICWRY AGREE AS FOLLOWS: 1. Trustor shall pay when due, the principal and interest as provided in said note. 2. All payments received by Beneficiary shall be first applied to advanced, wrhich may have been made by Beneflciary and then to interest due and last to principle due. 3. Trustor shall pay all general real estate taxes and special assessments against the property before the same become delinquent. 4. If Beneficiary determines that any part of the property is subject to a lien which is or may attain priority over this security instrument, Beneficiary may give Trustor a notice identifying the lien and Trustor shall sa�sfy the lien within ten (10) days. 5. Buyer shall keep the improvements on said premises insured against loss by fire and hazards included within the term °extended coverage° for their insurable value and policies for the same shall include a standard mortgage clause showing Beneficiary herein. In event of loss, Beneficiary may make pr�f of loss if not promptly made by Trustor. Insurance proc�eds shall be applied to restora�on or repair of the property damaged, unless both parties othervvise agree, except if praceeds shall be paid on the debt herein, whether or not then due. Unless Beneficiary and Trustor othervvise agree in writing, and payments or proceeds from insurance shall not extend or postpone the due date of the monthly payments provided in said note, or change the amount of payments. 6. If Trustor fails to perForm the covenants and agr�ments herein contained, Beneficiary may do and pay for whatever is necessary to protect the value of the property and Beneflciary's rights in the property, including the paying of any sum secured by a lien which has priority over this security instrument, appearing in court, paying reasonable attomey fees and