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The Southeast Quarter of Section 16, Township 12 North, Range 10 West of the
<br />6th P.M., Hall County, Nebraska; EXCEPT a tract of land consisting of the
<br />Southerly 940 feet of the Westerly 670 feet of the Southwest Quarter of the
<br />Southeast Quarter of Section 16, Township 12 North, Range 10 West of the 6th
<br />P.M., Hall County, Nebraska, said tract containing 14.457 acres, more or less, the
<br />Southerly 33 feet being county road right -of -way.
<br />In addition, Trustor hereby grants to Lender a Uniform Commercial Code security interest in all Personal
<br />Property; and all proceeds from any sale or other disposition of the Property. The trust deed is also
<br />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 />01/17/2017 $281,000.00
<br />201700380
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time
<br />will not exceed the sum of TWO HUNDRED EIGHTY -ONE THOUSAND ($281,000.00), exclusive of
<br />interest and protective advances authorized herein or in any Loan Document and such other amounts
<br />allowed by 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 February 1, 2047.
<br />Trustor hereby warrants that Trustor holds good and marketable title in fee simple to the above described
<br />Property, that Trustor has good and lawful authority to trust deed the same, that the Property is free and
<br />clear of all liens and encumbrances, except those set forth in a title policy or title opinion purchased by
<br />Lender and deemed acceptable by Lender, in its sole discretion, in relation to this trust deed and that
<br />Trustor will warrant and defend the Property at Trustor's expense against all claimants whomsoever.
<br />Trustor also hereby waives and relinquishes all rights of dower, homestead, distributive share, and
<br />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 the
<br />request of, and to or for the account of Trustor, any of the parties liable under any of the Loan Documents,
<br />for any purpose, plus interest thereon, all payable according to the terms of the Loan Documents. Any
<br />Obligations secured by this trust deed shall be payable when due as set forth in the 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 under
<br />any real estate lease or under any oil, gas, gravel, rock, or other mineral lease of any kind including
<br />geothermal resources now existing or that may hereafter come into existence, covering the Property or
<br />any part thereof. All such sums so received by Lender will be applied to the Obligations secured hereby;
<br />or Lender, at its option, may turn over and deliver to Trustor(s) or their successors in interest, any or all
<br />of such sums without prejudice to any of Lender's rights to take and retain future sums, and without
<br />prejudice to any of its other rights under this trust deed. This assignment will be construed to be a
<br />provision for the payment or reduction of the Obligations, subject to the Lender's option as hereinbefore
<br />provided, independent of the trust deed on the Property.
<br />App #: 5421884; CIF #: 315890; Note #: 3060510 220KS Legal Doc. Date: January 17, 2017
<br />FORM 5011, Trust Deed and Assignment of Rents Page 3 of 8
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