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201604685
<br />Lots One (1) and Six (6) Island, and the Northwest Quarter of the Northeast
<br />Quarter (NW 1/4 NE %4) of Section Twenty -Nine (29), Township Ten (10), North,
<br />Range Nine (9) West of the 6th P.M., Hall County, Nebraska, EXCEPT the
<br />Railroad Right -of -Way; EXCEPT a tract more particularly described in
<br />Survivorship Warranty Deed recorded as Document No. 96- 100850; and
<br />EXCEPT a tract more particularly described in Joint Tenancy Warranty Deed
<br />recorded as Document No. 200511251.
<br />In addition, Trustor hereby grants to Lender a Uniform Commercial Code security interest in all
<br />Personal Property; and all proceeds from any sale or other disposition of the Property. The trust deed is
<br />also effective as a financing statement filed as a fixture filing under the Uniform Commercial Code.
<br />It is understood and agreed between Trustor and Lender that this trust deed is given to secure the
<br />repayment in full of the Obligations as set forth in this trust deed and any Loan Document. All amounts
<br />shall be paid when due as provided for in the Loan Documents creating the Obligations secured by this
<br />trust deed.
<br />This trust deed secures all Obligations, including, but not limited to the following:
<br />Date of Note(s) or other Loan Document(s) Principal Amount
<br />07/22/2016 $500,000.00
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one
<br />time will not exceed the sum of FIVE HUNDRED THOUSAND ($500,000.00), exclusive of interest and
<br />protective advances authorized herein or in any Loan Document and such other amounts allowed by
<br />law.
<br />NOTHING CONTAINED HEREIN SHALL CONSTITUTE A COMMITMENT TO MAKE FURTHER OR
<br />ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL
<br />PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br />This trust deed will be due August 1, 2021.
<br />Trustor hereby warrants that Trustor holds good and marketable title in fee simple to the above
<br />described Property, that Trustor has good and lawful authority to trust deed the same, that the Property
<br />is free and clear of all liens and encumbrances, except those set forth in a title policy or title opinion
<br />purchased by Lender and deemed acceptable by Lender, in its sole discretion, in relation to this trust
<br />deed and that Trustor will warrant and defend the Property at Trustor's expense against all claimants
<br />whomsoever. Trustor also hereby waives and relinquishes all rights of dower, homestead, distributive
<br />share, and exemption in and to the above described Real Property.
<br />It is understood and agreed between Trustor and Lender that this trust deed is given to secure the
<br />repayment in full of the all Obligations, regardless of whether Trustor is liable thereon, and all future and
<br />additional loans or advances, protective or otherwise, which may be made by Lender, at its option, at
<br />the request of, and to or for the account of Trustor, any of the parties liable under any of the Loan
<br />Documents, for any purpose, plus interest thereon, all payable according to the terms of the Loan
<br />Documents. Any Obligations secured by this trust deed shall be payable when due as set forth in the
<br />Loan Documents.
<br />This trust deed may secure more than one Loan Document.
<br />Trustor hereby assigns, transfers, and conveys to Lender all rents, issues, income, profits, royalties,
<br />bonuses, and delay moneys or other proceeds that may from time to time become due and payable
<br />under any real estate lease or under any oil, gas, gravel, rock, or other mineral lease of any kind
<br />including geothermal resources now existing or that may hereafter come into existence, covering the
<br />Property or any part thereof. All such sums so received by Lender will be applied to the Obligations
<br />secured hereby; or Lender, at its option, may turn over and deliver to Trustor(s) or their successors in
<br />interest, any or all of such sums without prejudice to any of Lender's rights to take and retain future
<br />sums, and without prejudice to any of its other rights under this trust deed. This assignment will be
<br />App #: 5399583; CIF #: 122801; Note #: 3041470 202EA Legal Doc. Date: July 22, 2016
<br />FORM 5011, Trust Deed and Assignment of Rents Page 3 of 8
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