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<br />DEED OF TRUST
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<br />Prepared by:
<br />Gordon B. Fillman, #11289
<br />Attorney at Law
<br />P.O. Box 522
<br />York, NE 68467
<br />THIS DEED OF TRUST, is made as of /7 day of October, 2016, by and among
<br />GUILLERMO J. MORALES and ERISENIA CORTEZ, husband and wife, ( "Trustor ") whose mailing
<br />address is 101 W. Pine Street, Apt. #1, Alda, Nebraska 68810; GORDON B. FILLMAN, ( "Trustee "),
<br />whose mailing address is P.O. Box 522, York, Nebraska 68467 and RICHARD CARLSON and JAMES
<br />A. CARLSON ( "Beneficiary ") whose mailing address is 4568 Old Mill Road, Utica, Nebraska 68456.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to
<br />Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Deed of Trust, the real property located in the City of Alda,
<br />County of Hall, State of Nebraska, and legally described as follows (the "Property "):
<br />Lot One (1) in Block Twenty (20) in the Village of Alda, Hall County, Nebraska.
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining
<br />roads, streets and alleys, improvements and buildings of any kind situated thereon and all personal
<br />property that may be or hereafter become an integral part of such buildings and improvements, all crops
<br />raised thereon, and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively
<br />as the "Trust Estate".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $16,000.00, with interest thereon,
<br />as evidenced by that certain promissory note of even date (the "Note ") with a maturity date of March 1,
<br />2018 executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which
<br />by this reference is hereby made a part hereof, and any and all modifications, extensions and renewals
<br />thereof, and
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon
<br />at the rate of four and one -half percent (4.5%) per annum, and
<br />c. The performance of Trustor's covenants and agreements.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the
<br />payment and performance of any obligation secured hereby are referred to collectively as the "Loan
<br />Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the
<br />interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as provided in the
<br />Loan Instruments.
<br />2. TAXES AND ASSESSMENTS. Trustor shall pay all taxes and special assessments of every
<br />kind, now or hereafter leVled again the trust estate of any par; thereof as follows:
<br />(initial one)
<br />Trustor shall directly pay such taxes, without notice or demand as each installment comes
<br />due and shat: provide the beneficiary with evidence of the payment of the same.
<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage insurance
<br />insuring the improvements and - buildings constituting part of the Trust Estate for an amount no less than
<br />the amount of the unpaid principal balance of the Note (co- insurance not exceeding 80% permitted). Such
<br />insurance policy shall contain a standard mortgage clause in favor of Beneficiary and shall not be
<br />cancelable, terminable or tnodifiable without ten (10) days prior written notice to Beneficiary. Trustor
<br />shall promptly repair, maintain and replace the Trust Estate or any part thereof so that, exci)t for ordinary
<br />wear and tear, the Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on or to
<br />the Trust Estate.
<br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any action
<br />or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee.
<br />and shall pay all costs and expenses, including cost of evidence of title and attorney's fees, in any such
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