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FOR THE PURPOSE OF SECURING m 4.01 L TO PROTECT THE SECURITY OF THIS DEED OF TRUST: r rn 1 7 Nebraska Deed of Trust The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate ". Cr) Register of Deeds and County Clerk's Section 23 -1510 recording information blank. Cis Section 23 -1510 1 information: Return Address - Joseph N. Bixby, P.O. Box 347, Geneva, NE 68361 -0347 (Telephone: 402 - 759 -4404) C) CO C3 —t --1 rn -< -n :t n r grg's' THIS DEED OF TRUST, is made as of the A f j 443 day of March, 2014, by and among Raymond L. Cooper and Lorra'ne L. Cooper, husband and wife, hereinafter referred to as "Trustor", whose mailing address is 4339 Heavenly Drive, Grand Island, NE 68803; Joseph N. B "xby, an attorney licensed to practice law in the State of Nebraska and a member of the Nebraska State Bar Association, hereinafter referred to as "Trustee ", whose mailing address is 143 North 9 Street Geneva, Nebraska; and Harold L. Moravec and Dorothy A. Moravec, husband and wife, as joint tenants, hereinafter referred to as "Benefi- ciary", whose mailing address is 744 North 9th Street, Geneva, NE 68361. FOR VALUABLE CONSIDERATION, including the indebtedness identified herein and the herein created trust, Trustor irrevocably grants, transfers, con- veys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real property, located in the County of Fillmore, State of Nebraska, and described as follows, to -wit i Lot Sixteen (16), Block Three (3), LeHeights Second Subdivision, in the City of Grand Island, Hall County, Nebraska. TOGETHER WITH, all rents, royalties, mineral, oil and gas rights and profits, easements, appurtenances, hereditaments, fixtures now or hereafter attached to the property, interests in adjoining roads, streets and alleys, improvements and buildings of any kind situated thereon now or hereafter attached to the proper- ty, and all personal property that may be or hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all water rights and water stock. (a) Payment of indebtedness in the total principal amount of $250,000.00, with interest thereon, as evidenced by that certain promissory note of even date with a maturity date according to the note, executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which has been deliv- ered and is payable to the order of Beneficiary, and which by this reference is hereby made a part hereof, and any and all modifications, extensions and renewals thereof, and (b) Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the maximum rate of interest as allowed by law. (c) Payment of any future advances, with interest thereon, made by Beneficiary pursuant to this Trust Deed. (d) Performance of the covenants, agreements and obligations of Trustor pursuant to this Trust Deed. This Deed of Trust, the Note, Future Advances, and any other instrument given to evidence or further secure the payment and performance of any obliga- tion secured hereby are referred to collectively as the "Loan Instruments ". 1. TITLE TO THE PROPERTY. Trustor covenants that Trustor is the owner of the Trust Estate in fee simple and has good, right and lawful authority to sell and convey the same and warrants that the same is free and clear of any lien or encumbrance except easements and those herein specifically set forth: None other than those of public records. 2. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as provided in the Loan Instruments and the principal and interest of any Future Advances secured by this Deed of Trust. 3. TAXES. Trustor shall pay each installment of all taxes and special assessments of every kind, now or hereafter levied against the Trust Estate or any part thereof, before delinquency, without notice or demand, and shall provide Beneficiary with evidence of the payment of same. Trustor shall pay all taxes and as- sessments which may be levied upon Beneficiary's interest herein or upon this Deed of Trust or the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof upon the Beneficiary. Trustor, upon written demand by Beneficiary, shall pay to Beneficiary such amount as may be sufficient to enable the Beneficiary to pay such taxes, assessments or other charges as they become due. 4. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage insuring the improvements and buildings constituting part of the Trust Estate for an amount and by a company acceptable to the Beneficiary but in no event less than the amount of the unpaid principal balance of the Loan Instru- ments. Such insurance policy shall contain a standard mortgage clause in favor of Beneficiary and shall not be canceled, terminated or modified without ten (10) days prior written notice to Beneficiary. In case of loss under such policies, the Beneficiary is authorized to adjust, collect and compromise, in its discretion, all claims thereunder at its sole option, and shall have the option in its sole discretion of applying all or part of the insurance proceeds (a) to any indebtedness se- cured hereby and in such order as Beneficiary may determine, or (b) to the Trustor to be used for the repair or restoration of the Trust Estate or for any other purpose or object satisfactory to Beneficiary without affecting the lien of this Deed of Trust for the full amount secured hereby before such payment ever took place. 5. MAINTENANCE AND COMPLIANCE WITH LAWS. Trustor shall keep the Trust Estate in good condition and repair and free from any construction or other lien or encumbrance not expressly subordinated to the lien hereof; not to remove, demolish or substantially alter (except such alterations as may be re- quired by laws, ordinances or regulations) any of the improvements on the Trust Estate; to promptly restore in a good and workmanlike manner any improvement which may be damaged or destroyed thereon, and to pay when due all claims for labor performed and materials furnished therefor, to comply with all laws, ordi- O 1- CD N W IT)