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<br />DEED' OF TRUST
<br />Hultman and Felton & Welt. QPatton. He. 66461
<br />89-- 102001
<br />THIS DEED OF TRUST, is made as of the Ith day of ARr_.I l 19.8q, by and among
<br />BI14FIELD LAND COMPANY, a - Nebraska corpora tion("ZSrustor "). whore mailing address to
<br />435 South 83th Stree�, Omga Nebraska, 68114, -
<br />Heritage Fe era Savings (rustW% whose mailing address is
<br />and Heritage Federal Savings Bank, ('Beneficiary') whose mailing address is
<br />. FOR VALUABLE CONSIDERATION. Tirtutor irrevocably transfers, conveys and assigns to T msto% IN
<br />TRUST, WTTH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the term
<br />�� of this Deed of Trust, thereal property iocatedin the Cityof County, of
<br />State of Nebraska, and legally described as follows (the "Property'O:
<br />' See Attached Exhibit "A"
<br />.. 'ITOtsETHFR W`rr d; all rextts�, dents. appnttasm=ee, lheraditamenta, 4 in adf obduff roads.
<br />tt�aet and alloys. irrtproveia a� tt & b%& dingscfazwkinisituatedthemnand84 ,0araaasdgx'opertythatmay
<br />b t ha matterbecome as iaztmgre, Put of such TIWIEvS saki un prove ments, a1I =t1w ra3ieti thereon, and all
<br />The Property and the entire estate and interest eonc�e&to the Trustee are to collectively as the
<br />"rVust Estate".
<br />FOR THE PURPOSE OF SECURINQs
<br />a. Payment of indebtuess in the total principal amount of $41.5.858.22
<br />thereon, asin+ideadssd b that certain Agreement between Trustor ac t— ineciar
<br />dated March 24, ?989.
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<br />b. Jl ayment of aD sums a3vanced b Benef ci=7 to protect the Trust Estate, with interest thereon at orate
<br />i of ten percent y ) per tritium.
<br />ThisDeedomusk the Note. and
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<br />perfortman a of any obligation secured hereby are referred to Collectively sire a entsnem`tamd
<br />sly as the "Loan Instrasm� :
<br />TO PROTECT THE SECURrTY OF THrS DEED OF TRUST:
<br />1. PAYMENT OF INDESTEDNESfa, Trustor shall pay when due the principal of, and the interest ate, the
<br />indebtedness evidenced by the Note, ehat�trts, fees and all other stuns as provided in the born Instruments.
<br />2. TAXES. Tvustorshall pay eachinsWIment® Sal l taxes and epwisl assessments ofevesyltiiad ,moworhezeittar
<br />Levied taint the Trust Estate or any part thsrWZ before delinquency, without notice or demand, *ad shall provide
<br />Benefli with evidence of the payment of same. `. rustor shall pay.all tames and asseattzpants ~which may be levied �
<br />uponIfeneXciary' sinterssthereinor upon We bead of Trust or the debt {ecuradhsrsby,wn a to*outmgalydto.anylaaedtheft'
<br />may be enacted imposing payment of the whole or any part'r?:tx+at+af upon the Bentfi:. rig+: ;
<br />.8. INSURANCE AND REPAIRS. Trustor shall maintain fire andextendedcovera <ge insurance insuring ihe
<br />improvements and buildings constituting part of';ke Trust Estate for an amount no low that: %�te amount of the
<br />un>al-fte.'=dpal balance ofthe Note (co-insurance =a.excwding 8011 permitted). Such insLusaw policy shall contain
<br />a stan'c'W mortgage clause in favor of Beneficiary and shall not be cancallable. terminal4e,t„ modifiable without ten
<br />(10) days prior written notice to Beneficiary. Trustor shall promptly repair. maintain ar d replace the Trust Estate or
<br />any part thereof so that. except for ordinary wear and tear. theTrustEstateahall notdatdtiorats. In moeventshall the .
<br />Trr-111�4& commit waste on or to the Trust Estate.
<br />4. AC71ONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any action or proceeding
<br />;'.u'pvrft to affect the security hereof or the rights or powers of Beneficiary or Trustee, and shall pay all costs and
<br />e4tzisw, including costof evidence of title and attorney's fees. joany such action orprotmedingin which BentSclary
<br />or Trustee may appear. Should Trustor fail to make any payment or to do say act as geld in the manner provided in
<br />say` sd the IA=,, Instruments. Beneficiary and/orTrusiee, each in its ow a9 dlstmetion. without obligation so to do and
<br />wit4o= tsotic+e to or demand rr.Don Trustor and witt3wt releasing Tmatos front any obligation, stay make or do the
<br />saint in such manr►sr and ts,t ach aslant as either =-y clam necessary to protect the security her "I Trustor shell.
<br />imis;e�;ateiy upon demand thersfor by S�eficiary. �,,1y ail cats gad nrpenses incurred flay Benef dory in eannection
<br />*►ith the esurcise by beneliaary of the fm�iw.gning rig3te. including without limitation oasts of eritlsyue of titiaK, court
<br />octets„ appraisals. surveys andattosney's� +ores. A„�� +.such coats and expensesnotpaidw ►s" ".faints�,ilr�'dsysofwsitten
<br />demr,m:d sbtaII draw interest at the default cause prc�uxrizd in the Note.
<br />:t EM24FNF DOMAIN. Should the Trust Eat:a.st or any part thereof or into n t thasin, be 'taken or damaged by
<br />rnssun d any pubb' improvemsent w cDmkx net km proceeding. ax in any other manner including deed in lieu of C =dam..
<br />nas xooCC onda=abon'),dsshouldTSr dwrodveanynoticlorc Avinformationregardingsuchpeooeeding ,Trastarshell
<br />give prompt written natkm tbttwf to Beaefidary. Beneficiary shall be entitled to all eo®petosation. awards and other pay.
<br />meats orrelidthas&r, and shall be entitled atits option to commence, appear in and prowrute in its own name any action
<br />or paoose UDW Beneficiary shall also be entitled to make any compromia; or asttl:w-mat in c�,uwK&M w;th such taking or
<br />damata, All such csomp Ituation. awards. damages, rights of action and proceeds awarded to Trwtor (thte'Tiomedls") are
<br />hereby atriVW to Beneficiary and Trustor avm to execute such further assignments of the Proceeds as Ben or
<br />Trustee toter require. �srY
<br />6 APPOII�T Oi? SUCCESSOR TRUSTEE. B;steficiary lazy,1 ou" ii w to tom, by a written mtnunent
<br />ex IL and acknowledged by Beneficiary. mailed to Trustor and Recorded in the County in which the Trust Estate is
<br />located and by Odmrwise cormplying with the provisions of the applicablelawoftheStakofNebraskasubstituteasuccessor
<br />or suec ttem to the Trustee named herein or acting hereunder.
<br />T SUCCESSORS AND ASSIGNS. This Dead of Trust applies to, inures to the benefit of and binds all parties her".
<br />owner and bolder of f the Notte. whether or nrAnamed su Beneficiary hardn `s T� "Beneficiary** siarll mean the
<br />8. INSPECTIONS. Bomefici g enter i
<br />tune upon or its any part of the Truest Fwuta for the p � ofi ape or g the same are sfor t 4e; to of at any rep �c any '
<br />the acxa it is a•.sthonzed3 to xforas under the terms of ary of the � the for if a Gru�ese of t e:f`.rrr.�ng n, :y cf
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