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A _ ..� rn Q� T rn (7 n Z M N V 7C r) T N 200003'786 DEED OF TRUST WITH FUTURE ADVANCES This DEED OF TRUST is made this 1st day of May, 2000, by and among THOMAS A. EMERTON and SEANNE L. EMERTON, husband and wife, hereinafter referred to as "Trustors," whether one or U� more, whose mailing address is Post Office Box 40, Cairo, Nebraska 68824; THE STATE BANK OF CAIRO, a Nebraska Banking Corporation, hereinafter referred to as "Trustee," whose mailing address is cj Box 428, Cairo, Nebraska 68824; and THE STATE BANK OF CAIRO, a Nebraska Banking Corporation, hereinafter referred to as "Beneficiary," whose mailing address is Box 428, Cairo, Nebraska 68824. For valuable consideration, Trustors irrevocably grant, transfer, convey and assign 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 following described real property located in HALL County, Nebraska: Lot Ten (10), Commonwealth Business Park Third Subdivision, an addition to the City of Grand Island, Hall County, Nebraska; together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances located thereon, 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, all of which, including replacements and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter referred to as the "Property." FOR THE PURPOSE OF SECURING: a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of $59,000.00, together with interest at the rate or rates provided therein, and any and all renewals, modifications and extensions of such note, both principal and interest on the note being payable in accordance with the terms set forth therein, which by this reference is hereby made a part hereof, and any and all future advances and readvances to Trustors hereunder pursuant to one ore more promissory notes or credit agreements (herein called "Note b. the payment of other sums advanced by Beneficiary to protect the security of the Note; c. the performance of all covenants and agreements of Trustor set forth herein; and d. all present and future indebtedness and obligations of Trustors to Beneficiary whether direct, indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise; TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTORS HEREBY COVENANT AND AGREE: 1. To 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. 2. Trustors are the owners of the property and have the right and authority to execute this Deed of Trust in respect to the property. 3. To pay, when due, all taxes, special assessments and all other charges against the property, before the same become delinquent. Trustors shall pay all taxes and assessments 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. 4. To keep the improvements now or hereafter located on the property insured against damage by fire and such other hazards as the Beneficiary may require, in amounts and companies acceptable to the Beneficiary, Such insurance policy shall contain a standard mortgage clause in favor of Beneficiary. Trustor shall promptly repair, maintain and replace the property or any part thereof, so that, except for ordinary wear and tear, the property shall not deteriorate. 5. In the event the property, or any part thereof, shall be taken by eminent domain, the Beneficiary is entitled to collect and receive all compensation which may be paid for any property taken or for damages to property not taken, and the Beneficiary shall apply such compensation, at its option, either to a reduction of the indebtedness secured hereby, or to repair and restore the property so taken. 6. The Beneficiary may, but shall have no obligation to, do any act which Trustors have agreed but failed to do, and the Beneficiary may also do any act it deems necessary to protect the lien hereof. Trustors agree to repay, upon demand, any sums so expended by the Beneficiary for the above purposes, and any sum so expended shall be added to the indebtedness secured hereby and become secured by the lien hereof. The Beneficiary shall no incur any liability because of anything it may do or omit to do hereunder. I � z rn rn { rn O O C) -n C=) o -n p -r1 Z O CAD CZ r CD y r n � cn > CC) C0 D pp C -J (n Cn CD Cn ,.q. z v DEED OF TRUST WITH FUTURE ADVANCES This DEED OF TRUST is made this 1st day of May, 2000, by and among THOMAS A. EMERTON and SEANNE L. EMERTON, husband and wife, hereinafter referred to as "Trustors," whether one or U� more, whose mailing address is Post Office Box 40, Cairo, Nebraska 68824; THE STATE BANK OF CAIRO, a Nebraska Banking Corporation, hereinafter referred to as "Trustee," whose mailing address is cj Box 428, Cairo, Nebraska 68824; and THE STATE BANK OF CAIRO, a Nebraska Banking Corporation, hereinafter referred to as "Beneficiary," whose mailing address is Box 428, Cairo, Nebraska 68824. For valuable consideration, Trustors irrevocably grant, transfer, convey and assign 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 following described real property located in HALL County, Nebraska: Lot Ten (10), Commonwealth Business Park Third Subdivision, an addition to the City of Grand Island, Hall County, Nebraska; together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances located thereon, 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, all of which, including replacements and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter referred to as the "Property." FOR THE PURPOSE OF SECURING: a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of $59,000.00, together with interest at the rate or rates provided therein, and any and all renewals, modifications and extensions of such note, both principal and interest on the note being payable in accordance with the terms set forth therein, which by this reference is hereby made a part hereof, and any and all future advances and readvances to Trustors hereunder pursuant to one ore more promissory notes or credit agreements (herein called "Note b. the payment of other sums advanced by Beneficiary to protect the security of the Note; c. the performance of all covenants and agreements of Trustor set forth herein; and d. all present and future indebtedness and obligations of Trustors to Beneficiary whether direct, indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise; TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTORS HEREBY COVENANT AND AGREE: 1. To 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. 2. Trustors are the owners of the property and have the right and authority to execute this Deed of Trust in respect to the property. 3. To pay, when due, all taxes, special assessments and all other charges against the property, before the same become delinquent. Trustors shall pay all taxes and assessments 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. 4. To keep the improvements now or hereafter located on the property insured against damage by fire and such other hazards as the Beneficiary may require, in amounts and companies acceptable to the Beneficiary, Such insurance policy shall contain a standard mortgage clause in favor of Beneficiary. Trustor shall promptly repair, maintain and replace the property or any part thereof, so that, except for ordinary wear and tear, the property shall not deteriorate. 5. In the event the property, or any part thereof, shall be taken by eminent domain, the Beneficiary is entitled to collect and receive all compensation which may be paid for any property taken or for damages to property not taken, and the Beneficiary shall apply such compensation, at its option, either to a reduction of the indebtedness secured hereby, or to repair and restore the property so taken. 6. The Beneficiary may, but shall have no obligation to, do any act which Trustors have agreed but failed to do, and the Beneficiary may also do any act it deems necessary to protect the lien hereof. Trustors agree to repay, upon demand, any sums so expended by the Beneficiary for the above purposes, and any sum so expended shall be added to the indebtedness secured hereby and become secured by the lien hereof. The Beneficiary shall no incur any liability because of anything it may do or omit to do hereunder.