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<br /> � E�E�UTI�N ��PY
<br /> Return To: Horizon Bank, 14$41 North 14�nd Stree�,Post Uffice Bo�447,Wa�er�y,Nebraska�846�
<br /> ��NSTRU�TI�N SE�URITY A�REEMENT
<br /> �TRiTST DEED ANl] FI�TURE FILIN�
<br /> TH�S TRUST DEED, made May .��-Z�14, by and am�ng Shad� Bend V�11as, .LL�, wh�se mai�ing
<br /> address is 1834 VL�. 7th Stree�, Grand Is�and, Nebraska d$8�3-46�� �herein "Trustor"}; and Horizon Bank, v�hose
<br /> mailing address is ��$41 North 142nd S�reet, Pos� �ffice Bax 447, Wa�erI.y, Nebraska 58462 �herein "Trustee"};
<br /> and Hor.izon Bank, v�hose mailing address is 1�841. Nor�h I42nd Street, Past �ffice B�x 447, �averly, Nebraska
<br /> d84d��herein "Beneficiary"}.
<br /> F�R VALUABLE ��NSIDERAT��N, Trus�or irre�ocably grants, transfers, con�eys, and assigns �o
<br /> Trustee, IN TRUST,WITH P�WER�F SALE for the benefit and security of Benefciary,under and sub�ecti to the
<br /> terms and condit�Qns af this Trust Deed,the f.ol�owing described real property,located in Ha�l County,Nebraska:
<br /> See attached�egal description.
<br /> . T�GETHER WITH all of. the fo�lowing, whether now owned or hereafter acquired: rents, prof�ts,
<br /> roya�ties,income,and other benefits d�rz�ed from the real property; all�eases or subleas�s co�ering the real praperty
<br /> �r any por��on there�f.; a�� interes�s, estate, or ather cla�ms, both i.n �aw and in equity, in the real properry; all
<br /> homesteaa �.�e�r���n.� which are hereby released and w����d; ali easements, righ�s-af.-way, tenemen�s,
<br /> hered��aments; all oi� and gas�rig�ts'aria�pro�:��cs ar���'�vater righ�s; aIl right,title, and uaterest of Trustor in and to any .
<br /> land lying wi�hin the right-of-way of any stree� or highway adjoining the real property; any arid al� buildings,
<br /> fixtures,irnpro�ements,and appurtenances now or hereafter erected thereon or belonging�here�o�here�n referred�o
<br /> as "Impro�ement" or "Impro�ements"}; and any and a1i awards made for the taking�y eminent d�main, or by any
<br /> pro�eeding or purchase �n lieu �hereof, af fhe whole or any pat-� of the real property. All of the foregoing estate,
<br /> property, and interest con�eyed t� Trustee herein cal�ecti�ely referred �a as �he "Property." This is a�so a
<br /> �anstruc�i�n securi�y interest given by Trus�or t� Trus�ee in and to the Property seeuring an ob�igation wh�ch the
<br /> Trustor incurred for the purpose of.making an impro�ement of.the property.
<br /> FC]R THE PURP[]SE�F SECURING: �
<br /> �a} The payment of indebtedness e�idenced by Trustor's notes ar guarantee�"Note"�with an effecti�e
<br /> date of May 1, 2414, �n the principal. sum of Two M.il7ian Eigh� Hundred Forty Three Thousan� Three Hundred
<br /> Dol�ars�$2,543,30�},��gether with interest a�the rate or rates provided�herein and the pr�ncipal and i.n�eres�on any
<br /> future loans e�idenced by promissory notes or guarantees stating they are secured by this Trust Deed, and any and
<br /> al�renewals,xnod�ficati�ns, and extensions thereof,�oth principal and i.n�erest bei.ng payable in accordance with the
<br /> terms set forth therein,wh�ch,by th�s refer�nce,is made a par�hereof.
<br /> �b} The per.farmance af each agreement and ca�enant of Trustor herein contairaed;and
<br /> (c} The paymen� vf any sum or sums af money v�hich may be h.ereafter paid or ad�anced by the
<br /> Beneficiary under the terms of this Trus�Deed,togeth�r with�nterest therean at the rate provided in the"Note."
<br /> T� PRUTE�T THE SECURITY (]F THIS TRUST DEED, TRUST�R HEREBY �aVENANTS AND
<br /> AGREES AS F�LL�'L�VS:
<br /> 1. PAYM��i`� �� �'�i�:�.'�",�� ����r �'I,EiZ�ST. Trustor shall promptly pay, vvhen due, the
<br /> pr�ncipal of and�nterest on the indebtedness e�idenced by the Note, and all o�her charges and fees as pro�ided�n the
<br /> Note,and�he principal of and i.nteres�on any Future Ad�ances secured by this Trust Deed.
<br /> �. WARRANTY �F TITLE. Trustor is lawfuily seized and passessed of good and indefeasible
<br /> ti��e and es�ate to the Property he.reby con�eyed and has the right t�grant and con�ey the Property. The Praperty is
<br /> free and clear af all liens and encumbrances, except liens now of record, and Trus��r vWil� warrant and defend the
<br /> . ti�le to the Praperty aga�nst a�l claims and demands.
<br /> 3. MAINTENANCE AND ��MPLIAN�E WITH LAWS. Trustor shal] keep the Praperty in
<br /> g�od repair and condition, shal� not cammit vWaste or perrnit impairment or deteri�rati�n of the Property, and sha1�
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