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<br /> 2000(� 0925
<br /> DEED OF TRUST
<br /> A SINGLE PERSON ��
<br /> This DEED OF RUST is made as of the 27T"day of JANUARY,2000,by and among the Trustor, \'
<br /> IOLA GRIMMINGER�Y KATHRYN A. WASSERBURGER ATTORNEY IN FACT, whose mailing address for
<br /> purposes of this Deed of Trust is 210080 CACTUS ROAD, GERING, NEBRASKA, 69341 (herein, "Trustor",
<br /> whether one or more), the Trustee, AREND R. BAACK, Attorney at Law, a member of the Nebraska State Bar `
<br /> Association, whose mailing address is P. O. Box 790, Grand Island, NE 68802-0790 (herein °Trustee"), and the
<br /> Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, whose mailing
<br /> address is P. O. Box 1009, Grand Island,NE 68802-1009(herein "Lender").
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein
<br /> to(herein "Borrower", whether one ar more), and the trust herein created, the receipt of which is hereby
<br /> acknowledged, Trustar hereby irrevocable grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE, for the benefit and security of the Lender, under and subject to the terms and conditions
<br /> hereinafter set forth, legally described as follows:
<br /> SEE ATTACHED EXHIBIT A
<br /> together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br /> appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and
<br /> remainders thereof, and such personal property that is attached to the improvements so as to constitute a fixture,
<br /> including, but not limited to, heating and cooling equipment and together with the homestead or marital interests, if
<br /> any, which interests are hereby released and waived, all of which, including replacements and additions thereto, is
<br /> hereby declared to be a part of the real estate secured by the fien of this Deed of Trust and all of the foregoing being
<br /> referred to herein as the "Property".
<br /> This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a Deed of
<br /> Trust Note dated JANUARY 27, 2000, having a maturity date of JANUARY 27, 2001, in the original principal
<br /> amount of FIFTY THOUSAND AND NO/100 Dollars ($50,000.00), and any and all modifications, extensions and
<br /> renewals thereof or thereto and any and all future advances and re-advances to Borrower (or any of them if more
<br /> than one) hereunder pursuant to one or more promissory notes or credit agreements (herein called "Note"); (b)the
<br /> payment of other sums advanced by Lender to protect the security of the Note; (c)the performance of all covenants
<br /> and agreements of Trustor set forth herein; and (d) all present and future indebtedness and obligations of Borrower
<br /> (or any of them if more than one)to Lender whether direct, indirect, absolute or contingent and whether arising by
<br /> note,guaranty, overdraft or otherwise. The Note,this Deed of Trust and any and all other documents that secure the
<br /> Note or otherwise executed in connection therewith, including without limitation guarantees, security agreements
<br /> and assignments of leases and rents,shall be referred to herein as the "Loan Instruments".
<br /> TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br /> 1. Pavment of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br /> 2. Title. Trustor is the owner of the Property, has the right and authority to convey the Property and
<br /> warrants that the lien created hereby is a first and priar lien on the Property and the execution and delivery of the
<br /> Deed of Trust does not violate any contract or other obligation to which Trustor is subject.
<br /> 3. Taxes, Assessments. To pay before delinquent all taxes, special assessments and all other charges
<br /> against the Property now or hereafter levied.
<br /> 4. Insurance. To keep the Property insured against damage by fire hazards included with the term
<br /> "extended coverage" and such other hazards as Lender may require in amounts and with companies acceptable to
<br /> Lender, naming Lender as an additional named insured with loss payable to the Lender. In case of loss under such
<br /> policies, the Lender is authorized to adjust, collect and compromise all claims thereunder and shall have the option
<br /> of applying all or part of the insurance proceeds (i)to any indebtedness secured hereby and in such order as Lender
<br /> may determine, (ii) to the Trustor to be used for the repair or restoration of the Property , or (iii) for any other
<br /> purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured
<br /> hereby before such payment ever took place. An a lication of roceeds to indebtedness shall not extend or
<br /> Y PP P
<br /> postpone the due date of any payments under the Note,or cure any default thereunder or hereunder.
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