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SECURITY
<br />20130351
<br />lof Amick Avenue, a distance of Sixty One (61.0) feet to the place of beginning..
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the
<br />"Trust Estate ".
<br />A. For payment of indebtedness in the total principal amount of S 160,000.00 (One Hundred Sixty
<br />Thousand Dollars), as evidenced by a Promissory Note dated April / do , 2013, establishing payments to
<br />be made to Jerald W. Koepke and Mary Lynne Koepke, and which by this reference is hereby made a part
<br />hereof, and any and all modifications, extensions and renewals thereof, and the terms and conditions of the
<br />Real Estate Purchase Agreement, by which this reference is hereby made a part hereof.
<br />B. For payment of all sums advanced by Beneficiaries to protect the Trust Estate, with
<br />interest thereon at the rate of 4% percent (Four Percent) per annum.
<br />C. The performance of each agreement and covenant of Trustors contained herein.
<br />This Deed of Trust, Note and any other instrument given to evidence or further secure the payment
<br />and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments ".
<br />PROTECTION OF SECURITY
<br />1. PAYMENT OF INDEBTEDNESS. Trustors shall pay when due the principal of, and the
<br />interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as provided in the
<br />Loan Instruments.
<br />2. TAXES. Trustors shall pay each installment of all taxes and special assessments of every
<br />kind, now or hereafter levied against the Trust Estate or any part thereof, before delinquency, without notice
<br />or demand, and shall provide Beneficiaries with evidence of the payment of same. Trustor shall pay all
<br />taxes and assessments which may by levied upon Beneficiaries' interest herein or upon this Deed of Trust or
<br />the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or
<br />any part thereof upon the Beneficiaries.
<br />3. INSURANCE. Fire and extended coverage insurance shall be maintained upon said property
<br />and Trustor shall pay for said insurance when due.
<br />4. ACTIONS AFFECTING TRUST ESTATE. Trustors shall appear in and contest any action
<br />or proceeding purporting to affect the security hereof or the rights or powers of Beneficiaries or Trustee,
<br />and shall pay all costs and expenses, including cost of evidence of title and attomey's fees, in any such
<br />action or proceeding in which Beneficiaries or Trustee may appear. Should Trustors fail to make any
<br />payment or to do any act as and in the manner provided in any of the Loan Instruments, Beneficiaries and/or
<br />Trustee, each in its own discretion, without obligation so to do and without notice to or demand upon
<br />Trustors, and without releasing Trustor from any obligation, may make or do the same in such manner and
<br />to such extent as either may deem necessary to protect the security hereof. Trustors shall, immediately
<br />upon demand therefor by Beneficiaries, pay all costs and expenses incurred by Beneficiaries in connection
<br />with the exercise by Beneficiaries of the foregoing rights, including without limitation, costs of evidence of
<br />title, court costs, appraisals, surveys and attorney's fees. Any such costs and expanses not paid within ten
<br />(10) days of written demand shall draw interest at the rate of Twelve Percent (12%) per annum.
<br />5. EMINENT DOMAIN. If title to any part of the property secured hereunder shall be taken in
<br />condemnation proceedings, by right of eminent domain or similar action, or shall be sold under threat of
<br />condemnation, all awards, damages and proceeds are hereby assigned and shall be paid to Beneficiaries
<br />who shall apply such awards, damages and proceeds to the sum secured by this Trust Deed, with the excess,
<br />if any, paid to Trustors. If Trustors receive any notice or other information regarding such actions or
<br />proceedings, Trustors shall give prompt written notice thereof to Beneficiaries. Beneficiaries shall be
<br />entitled, at his option, to commence, appear in and prosecute in their own name any such action or
<br />proceedings and shall be entitled to make any compromise or settlement in connection with any such action
<br />or proceedings.
<br />6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiaries may, from time to time, by
<br />a written instrument executed and acknowledged by Beneficiaries, mailed to Trustors and Recorded in Hall
<br />County and by otherwise complying with the provisions of the applicable law of the State of Nebraska
<br />substitute a successor or successors to the Trustee named herein or acting hereunder.
<br />7. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit of and
<br />binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors and assigns.
<br />The term "Beneficiaries" shall mean the owner and holder of any rights under the Note, whether or not
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