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<br />its option, either before, contemporaneously with, or after the sale is made hereunder, and on any default of Trustor, Beneficiary may, at
<br />its option, offset against any indebtedness secured hereby, and the Beneficiary is hereby authorized and empowered at its option, without
<br />any obligation so to do, and without affecting the obligations hereof, to apply toward the payment of any indebtedness of the Trustor to
<br />the Beneficiary any and all sums of money of Trustor which Beneficiary may have in its possession or under its control, including
<br />without limiting the generality of the foregoing, any savings account, deposit, investment certificate, escrow or trust funds.
<br />25. Acknowledgment: Trustor agrees and acknowledges that prior to the execution of this Deed of Trust, Trustor did
<br />acknowledge in writing and hereby confirms again that (a) this Deed of Trust is not a mortgage, but a Deed of Trust, (b) that the power
<br />of sale provided for herein provides substantially different rights and obligations for trustor than a mortgage in the event of a default or
<br />breach of any obligation hereunder, and (c) the aforementioned written acknowledgement was executed prior to the execution of this
<br />Deed of Trust.
<br />26. Law Applicable: That this Deed of Trust shall be construed according to the laws or the State of Nebraska.
<br />27. Illegality: In the event that any provision or clause of this Deed of Trust conflicts with applicable law, such conflict shall not
<br />affect other provisions of this Deed of Trust which can be given effect without the conflicting provision and to this end the provisions of
<br />this Deed of Trust are declared to be severable.
<br />28. General Provisions: (a) This Deed of Trust applies to, inures to the benefit of, and binds all parties hereto, their heirs,
<br />legatees, devisees, administrators, executors, successors and assigns. (b) The term "Beneficiary" shall mean the owner and holder
<br />(including a pledgee) of any note secured hereby, whether or not named as Beneficiary herein. (c) Wherever the context so requires, the
<br />masculine gender includes the feminine and neuter, the singular number includes the plural, and vice versa. (d) Captions and paragraph
<br />headings used herein are for convenience only, are not a part of this agreement, and shall not be used in construing it. If more than one
<br />person is named herein as Trustor, each obligation of Trustor shall be the joint and several obligation of each such person. The rights or
<br />remedies granted hereunder, or by law, shall not be exclusive, but shall be concurrent and cumulative.
<br />29. TRUSTEE ACCEPTS this Trust when this Deed of Trust, duly executed and acknowledged, is made a public record as
<br />provided by law. Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or any action or
<br />proceeding in which Trustor, Beneficiary or Trustee shall be a party, unless brought by Trustee.
<br />30. Address for Mailing Notices: Trustor hereby requests that a copy of any notice of default and a copy of any notice of sale
<br />hereunder shall be mailed to each person itemized below at the address indicated:
<br />1027 Stonewood Avenue Grand Island, NE 68803
<br />31. Trustors acknowledge that they have executed the Preface to Deed of Trust prior to the execution of this Deed of Trust and
<br />have made the applicable election, disclaimer or waiver of homestead. Trustors further waive any additional or further homestead rights,
<br />exemptions, or elections other than those reserved in the Preface to Deed of Trust, whether existing by common law, or any other law
<br />now existing, or enacted in the future.
<br />IN WITNESS WHEREOF, Trustor has executed this Deed of Trust on the date first above written above.
<br />STATE OF NEBRASKA
<br />COUNTY OF Hall
<br />GENERAL NOTARY - State of Nebraska
<br />SARAH M WILES
<br />My Comm. Exp. June 19, 2015
<br />Trustors:
<br />Loan Originator Organization: Farmers and Merchants Bank
<br />NMLSR ID: 403596
<br />Individual Loan Originator: Debra A. Young
<br />NMLSR ID: 441815
<br />8123.CV (8/13) 914027
<br />Ichael T aughtin
<br />Glenda J Naug 'tin
<br />> ss:
<br />The foregoing instrument was acknowledged before me on June 24, 2014 , at o'clock
<br />.M. by Michael T Naughtin and Glenda J Naughtin, husband and wife
<br />aka Glenda Naughtin
<br />Notary Public
<br />anon, t'Yl . CL)J ep
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