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West of the 6th P.M., Hall County, Nebraska, and more particularly described as <br />follows: <br />201701212 <br />Beginning at a point on the east line of said East Half of the Southeast Quarter (E <br />1/2 SE % <), said point being Six Hundred Forty -Three and Fifty -One Hundredths <br />(643.51) feet north of the southeast corner of said East Half of the Southeast <br />Quarter (E % SE 1/4); thence N 00° 08' 18" E, along and upon the east line of said <br />East Half of the Southeast Quarter (E 1/2 SE 1/4), a distance of One Thousand Nine <br />Hundred Eighty -One and Thirty -Eight Hundredths (1,981.38) feet to the northeast <br />corner of said East Half of the Southeast Quarter (E 1 /2 SE 1/4); thence N 89° 55' <br />32" W, along and upon the north line of said East Half of the Southeast Quarter (E <br />1 /2 SE 1/4), a distance of One Thousand Three Hundred Twenty- Six and Sixty -Two <br />Hundredths (1,326.62) feet to the northwest corner of said East Half of the <br />Southeast Quarter (E'/ SE 1/4); thence S 00° 13' 51" W, along and upon the west <br />line of said East Half of the Southeast Quarter (E % SE 1/4), a distance of One <br />Thousand Nine Hundred Ninety and Thirty-Nine Hundredths (1,990.39) feet to a <br />point which is Six Hundred Twenty -Nine and Seventy -One Hundredths (629.71) <br />feet north of the southwest corner of said East Half of the Southeast Quarter (E'/ <br />SE 1/4); thence N 89° 41' 12" E, a distance of One Thousand Three Hundred <br />Twenty -Nine and Eighty -Seven Hundredths (1,329.87) feet to the point of <br />beginning. <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 />02/22/2017 $22,849.00 #167033- 3056719 (Andrew) <br />02/22/2017 22,849.00 #167032 - 3056757 (Adam) <br />10/26/2011 138, 500.00 <br />10/26/2011 138,500.00 #167033 -201 (Andrew) <br />#167032 -201 (Adam) <br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time <br />will not exceed the sum of THREE HUNDRED THOUSAND ($300,000.00), exclusive of interest and <br />protective advances authorized herein or in any Loan Document and such other amounts 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 January 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 />App #: 5416869; CIF #: 167033; Note #: 3056719 202EA Legal Doc. Date: February 22, 2017 <br />FORM 5011, Trust Deed and Assignment of Rents Page 4 of 9 <br />