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<br />DEED OF TRUST
<br />THIS DEED OF TRUST, made this 15th day of March 2000
<br />by and among Gerald L. Scheer and Connie c eer, husband and wi e
<br />(herein "Trustor "); and Jerry J. Milner, a member oFNebraska Bar Association
<br />whose mailing address is n Street., ox
<br />Gran
<br />(herein "Trustee"); and Associates Financial Services Company Inc.
<br />awrence ane, ran s a
<br />whose mailing address is nd NE 68803
<br />(herein "Beneficiary").
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the
<br />following described real property, located in Hall County, Nebraska:
<br />F
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<br />All that certain property situated in Grand Island in the County of Hall, and State
<br />of Nebraska and being described in a Deed of Dated 02/01/99 and recorded 02/02/99,
<br />among the Land records of the county and State set forth above, and referenced as
<br />follows:
<br />Book 99- 101218
<br />Lot Two (2), Block One (1), Jennkinson Subdivision in Hall County, Nebraska in the
<br />South -half (S1 /2) of East Half (E 1/2) of Southeast Quarter (SE1 /4), Section Two
<br />(2), Township Eleven (11), Range Ten (10) West of the 6th P.M. Hall County, Nebraska.
<br />TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the real property; all leases or subleases
<br />covering the real property or any portion thereof, now or hereafter existing or entered into, and all right, title and interest of Trustor
<br />thereunder; all interests, estate or other claims, both in law and in equity, which Trustor now has or may hereafter acquire in the real
<br />property; all easements, rights -of -way, tenements, hereditaments and appurtenances thereof and thereto; all oil and gas rights and
<br />profits, water rights and water stock; all right, title and interest of Trustor, now owned or hereafter acquired, in and to any land lying
<br />within the right -of -way of any street or highway adjoining the real property; any and all buildings, fixtures, improvements, and
<br />appurtenances now or hereafter erected thereon or belonging thereto, (herein referred to as "Improvement" or "Improvements "); and
<br />any and all awards made for the taking by eminent domain, or by any proceeding or purchase in lieu thereof, of the whole or any part
<br />of the real property. All of the foregoing estate, property and interest conveyed to Trustee herein collectively referred to as the
<br />"Property".
<br />FOR THE PURPOSE OF SECURING:
<br />0 The Pavment of indebtedness evidenced by Trustor's note of even date herewith in the principal sum of One— hundred
<br />together with interest at the rate or rates provided therein, or the principal and interest on any future advances evidenced by
<br />promissory notes stating they are secured hereby, (herein "Note" or "Notes ") and any and all renewals, modifications and extensions
<br />of such Note, both principal and interest on the Note being payable in accordance with the terms set forth therein, reference to which
<br />is hereby made.
<br />(b) The performance of each agreement and covenant of Trustor herein contained; and
<br />(c) The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this
<br />Deed of Trust.
<br />A. TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS:
<br />1. PAYMENT OF PRINCIPAL AND INTEREST. Trustor shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, and all other charges and fees as provided in the Note, and the principal of and interest on any
<br />Future Advances secured by this Deed of Trust.
<br />2. WARRANTY OF TITLE. Trustor is lawfully seized and possessed of good and indefeasible title and estate to the Property
<br />hereby conveyed and has the right to grant and convey the Property; the Property is free and clear of all liens and encumbrances
<br />except liens now of record; and Trustor will warrant and defend the title to the Property against all claims and demands.
<br />3. MAINTENANCE AND COMPLIANCE WITH LAWS. Trustor shall keep the Property in good repair and condition and shall not
<br />commit waste or permit impairment or deterioration of the Property and shall comply with the provisions of any lease if this Deed of
<br />Trust is on a leasehold. No improvement now or hereafter erected upon the Property shall be altered, removed or demolished without
<br />the prior written consent of Beneficiary. Trustor shall comply with all laws, ordinances, regulations, covenants, conditions and
<br />restrictions affecting the Property and not commit, suffer or permit any act to be done in or upon the Property in violation of any law,
<br />ordinance, regulation, covenant, condition or restriction. Trustor shall complete or restore promptly and in good workmanlike manner
<br />any improvement on the Property which may be damaged or destroyed and pay, when due, all claims for labor performed and
<br />materials furnished therefore and for any alterations thereo�
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<br />THIS DEED OF TRUST, made this 15th day of March 2000
<br />by and among Gerald L. Scheer and Connie c eer, husband and wi e
<br />(herein "Trustor "); and Jerry J. Milner, a member oFNebraska Bar Association
<br />whose mailing address is n Street., ox
<br />Gran
<br />(herein "Trustee"); and Associates Financial Services Company Inc.
<br />awrence ane, ran s a
<br />whose mailing address is nd NE 68803
<br />(herein "Beneficiary").
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the
<br />following described real property, located in Hall County, Nebraska:
<br />F
<br />Q
<br />All that certain property situated in Grand Island in the County of Hall, and State
<br />of Nebraska and being described in a Deed of Dated 02/01/99 and recorded 02/02/99,
<br />among the Land records of the county and State set forth above, and referenced as
<br />follows:
<br />Book 99- 101218
<br />Lot Two (2), Block One (1), Jennkinson Subdivision in Hall County, Nebraska in the
<br />South -half (S1 /2) of East Half (E 1/2) of Southeast Quarter (SE1 /4), Section Two
<br />(2), Township Eleven (11), Range Ten (10) West of the 6th P.M. Hall County, Nebraska.
<br />TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the real property; all leases or subleases
<br />covering the real property or any portion thereof, now or hereafter existing or entered into, and all right, title and interest of Trustor
<br />thereunder; all interests, estate or other claims, both in law and in equity, which Trustor now has or may hereafter acquire in the real
<br />property; all easements, rights -of -way, tenements, hereditaments and appurtenances thereof and thereto; all oil and gas rights and
<br />profits, water rights and water stock; all right, title and interest of Trustor, now owned or hereafter acquired, in and to any land lying
<br />within the right -of -way of any street or highway adjoining the real property; any and all buildings, fixtures, improvements, and
<br />appurtenances now or hereafter erected thereon or belonging thereto, (herein referred to as "Improvement" or "Improvements "); and
<br />any and all awards made for the taking by eminent domain, or by any proceeding or purchase in lieu thereof, of the whole or any part
<br />of the real property. All of the foregoing estate, property and interest conveyed to Trustee herein collectively referred to as the
<br />"Property".
<br />FOR THE PURPOSE OF SECURING:
<br />0 The Pavment of indebtedness evidenced by Trustor's note of even date herewith in the principal sum of One— hundred
<br />together with interest at the rate or rates provided therein, or the principal and interest on any future advances evidenced by
<br />promissory notes stating they are secured hereby, (herein "Note" or "Notes ") and any and all renewals, modifications and extensions
<br />of such Note, both principal and interest on the Note being payable in accordance with the terms set forth therein, reference to which
<br />is hereby made.
<br />(b) The performance of each agreement and covenant of Trustor herein contained; and
<br />(c) The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this
<br />Deed of Trust.
<br />A. TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS:
<br />1. PAYMENT OF PRINCIPAL AND INTEREST. Trustor shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, and all other charges and fees as provided in the Note, and the principal of and interest on any
<br />Future Advances secured by this Deed of Trust.
<br />2. WARRANTY OF TITLE. Trustor is lawfully seized and possessed of good and indefeasible title and estate to the Property
<br />hereby conveyed and has the right to grant and convey the Property; the Property is free and clear of all liens and encumbrances
<br />except liens now of record; and Trustor will warrant and defend the title to the Property against all claims and demands.
<br />3. MAINTENANCE AND COMPLIANCE WITH LAWS. Trustor shall keep the Property in good repair and condition and shall not
<br />commit waste or permit impairment or deterioration of the Property and shall comply with the provisions of any lease if this Deed of
<br />Trust is on a leasehold. No improvement now or hereafter erected upon the Property shall be altered, removed or demolished without
<br />the prior written consent of Beneficiary. Trustor shall comply with all laws, ordinances, regulations, covenants, conditions and
<br />restrictions affecting the Property and not commit, suffer or permit any act to be done in or upon the Property in violation of any law,
<br />ordinance, regulation, covenant, condition or restriction. Trustor shall complete or restore promptly and in good workmanlike manner
<br />any improvement on the Property which may be damaged or destroyed and pay, when due, all claims for labor performed and
<br />materials furnished therefore and for any alterations thereo�
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