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<br />:� • DEED OF TRUST
<br />TNlS Ef) OF TRUST chit day of 1989 by andg Kurt M. Koepa and Kr isti
<br />irhoia tpaKidrisi�; wax 55 mood River, NE 68883
<br />�im •?�ta••), OW, Sank of wood River , whose moitirg address p•0. Box 487 Wood River, -t�F
<br />(herein "Trustee" and "Banefitloty ").
<br />FOR vALUABLE COi�SIDERATION, includ -rg the kldsbtedness indentified herein and the trust herein creoled, ttterecei�t of which is hereby
<br />oclagtrfedged, Trusts irrevocably groats. honshrs. conveYe,, and assigns to Trustee. iN TRUST, wiles POWER OF SALE, for the berlelit and
<br />secerily of lleneficlary,,under and subject to tits tturns and conditions of this (feed of Trust, the red property described os follows,
<br />The East Half (E 112). of the West Half (W I /2) and the:.West Half .(W 1/2) of the
<br />East Half (E 1/2); of Section Twelve: (12), Township Ten (LO) North. Range
<br />Eleven (11). West of the 6th P.M., lying South of the Union Pacifie Railroad
<br />Right of Way, in Hall County, Nebraska.
<br />TOGETHER WITH, all rents, profits, royalties, i==e and other benefits derived 6w,--r lire real property; all leases or subleases coverY1;y tlso
<br />real property or any, portion thereof, now or (s Ccer existing or entered into, ond'Qli right, title and interest of Trustor thereunder; all irt-
<br />terests,.estote or other claims, both in law and in equity, which Trustor now ties or may herealfv` inquire In the real properly; all easements,
<br />rights- of•woy, tenements, hereditaments and opilurterr ices thereof and therele; all,ail nights and profits, water rights and water
<br />stoctr� sdl right, title and interest of Trustor, now owned o trreotter acquired, in One t'T'bny Ict;t� tFing within the right -of -way of any street or
<br />iigho.W adjoining the real property, any and all buildings, fixtures, improvements, m!J appurte.-sonces now or ftereafler erected thereon or
<br />belecj q tttereto, (herein referred to as 'Improvement" or "Improvements "); ond'any end all acrvrds mode for the tatting by eminent domain
<br />or by *7 proceeding or purchase in lieu thereof, of the whole or any part of the reo,�edperly.
<br />All'of the foregoing estate, property and interest hereby conveyed to Trustee he iof-.. Whclively referred to as the "Property ",
<br />T S MEb OF TRUST SHALL SKUPEr
<br />(s$,?lztewzytrenl tJi;
<br />of indeblesr erJrdenced by Trustor's note of even date herewith in the principal sum of TWO HUNDRED TH
<br />dne 1 ND
<br />:g � �Tai100---------- - - ---- ----------- - - - - -- -- .. �...� poliars (t 200,000.00 1.
<br />togNliar' -Oilh interest at the role or rates pr'ra(iilvd therein, (herein, together with any and all renewals, modifications, and extensions (hereof,
<br />refi rtuf' 14 as the "Note ") both principal and interest at.. the Note being payable in accordance with the terms set forth therein, reference to
<br />vr�ci A. r veteby mode. the final payment of principal oriifjwwest. it not sooner paid and if no renewals. modifications or extensions are made,
<br />tilts and payable on March 1, 1999
<br />(b) The perfortttortce of each agreement and covenant of Trustor herein contained; and
<br />(c# 'The payment of any sum or sums of money with interest thereon which moy be hereof ter paid or advanced under the terms of tl;i :_ tJrnd of
<br />Trust.
<br />(d) The payment of any future odvaues necessory toprotecl fire security or any future advarsco ntode 0111190001101 lire parties: and
<br />(e) The performance of an obligation of om,olher person twined in INS Trust Deed to o benef iclory.
<br />TO PROTECT THE SECURITY OF THIS DEED OF 1RUST, TRUSTOR HEREBY COVENAHiS AND AGREES AS FOLLOWSr
<br />f; f'ttptml of /rbdpd "d interest. Trustor shall prmVfly pay when due file principal of and interest on the indebtedness evidenced by lire
<br />lkftr; mW all other charges and fees as provided in the 1110t9. null the principal of cold interest on any future Advances secured by this Deed of
<br />Trust.
<br />2. WwreMy of Title. Trustor is lawfully seized and possessed of good and indefeasible tills and estate to the Properly P arr5y conveyed and
<br />fors the tight to grant and convey the Properly: the Property is free and clenr of oil liens and encumbrances except liens ina•ry of record; and
<br />Trustor will warront and defend the title to the Property against oil claims now denw vas.
<br />3. Us tteewree e W CstttpPieeee with lows. Truster shall keep the Properly in good condition and repair and shall not commit rmsle cr perrlril
<br />inpoirtnent or deterioration of the Properly and shall comply Willi file provisions of any tease if this Deed of Trust is on a leasehold. Ila improve-
<br />ment now or hereafter erected upon the Property shalt be offered, removed or demolished without the prior written consent of Beneficiary.
<br />Trustor"comply wilholl laws, ordinances, regulations, covenants, conditions and restrictions affecting The Property and not commit, suffer.
<br />or permit any act lobe done in or upon the Properly in violation of any tow, ordinance, regulation, covenant, condition or resitictiorl..tr uslor
<br />shall Complete or restore promptly and in good workmanlike manner any improvement on the Property which may be damaged or destroyed and
<br />pay, when dus. ail claims it,r It►iicr perfcaa da;.drralsriafs furn'ssls ^.d therefore and for ony alleratiom thereof.
<br />d- to "Mi, . Trustor, at its expense, will maintain with insurers approved by Beneficiary, insurance with respect to the Improvements rend
<br />personal properly, constituting the Properly, against loss by fire, lightning, tornado, and other perils and hazards covered by standard extended
<br />L ceverop endorsement, in art onlowlt equal to at feast one hundred percent of the full replaceinent value thereof and insurance agcturst Weil
<br />other hazards o11d in such unrounts as is customorily carried by owners raid opn+rntors of simutnr properties or as Beneficiary nsny tPgrrna fill its
<br />protection. Trusser will comply Willi such other requkements as Beneficiary rnuy horn lime to tittle request for the protection by in;urrmcri of the
<br />interests of the respective pwiles. All insurance policies maintained pursuant to this Deed of Trust slwll name Trustor and Deaeficimy as in.
<br />Sureds, as their respective Interests may appear. and provide 11tat ittere shat be nor aanceltotion or modification without na less film" 15 (111115
<br />prix► written notification to Ileneticiury. fn the event any politer irpreander k lint rwiewed ore or before 15 days prior to itc OvPiratian dntn,
<br />8enelkiory may protu.e such insut witeinaccordance with file psovisionsofpnru ytu t, ir" 7hereol. trustorsholl deliver toBenelieilo ,n':l' '4-ill
<br />polleiesofinsumom+ nnd relt swulsthereoformemocopiesofsuclrpoliciesWildren nr,cfsthereof ruilurefofurnistr such insurancel •, r
<br />renewals os reduired treteunder stroll, of lire option of Beneficiary, constitute a default
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