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<br />FC80 5011
<br />Pape 2 of 2
<br />Trustor(s) and each of them further covenants and agrees with Benellclary as follows:
<br />(1) To pay at lion. judgmems. or other assessments against the property, and to pay when due all assessments, taxes, rents, fees. or charges upon tee property Or
<br />under any Mass, permit, license, or priviage assigned 10 Beneficiary as adthtlonal security to this Trust Deed, including those in or on pubic domain.
<br />(2) To insure and keep insured buildings and other improvements Including fixtures and attachments now on or hereafter placed on the ptoperry 10 tee sasafection Of
<br />Her ftlary, Such ink ranoe will be appmad by and deg %d with Beneficiary. and endorsed wnh toes Mobte clause to Benefdary. Any suma so cecNved by ltansidary
<br />may be used 10 pay for reconstruction of the destroyed improvements or if not so applied may be appived, at die option of Boneticlaty, in payment of any indebtedness
<br />msoured or unnwured seared by this Trust Deed.
<br />(S) To keep aft buildings. fixtures, attachments, and other Inhprovornents now on or hereafter placed on the propery occupied and ti good repair, mantenwK4. and
<br />condition and lo nsitha cvnlxNt rtor permit arty acts of waste or any impalement of the value of the property. Beneficiary may enter upon the property to Inspsct the same or 10
<br />perbrm cry ace sulhwiied herein or in the loan sgroamonl(s).
<br />(4) In ilia awns Trusbr(s) fails q py any lisns.)udgmenle, assessments, taxes, rents. Mee, or charges or maintain any Insurance on the proWlY. buildings, fixtures,
<br />attachments, or ktprovemanle as provided heroin or in ins ban ogreement(s). Benaticiary, at its option, may make such payments or provide insurance, mctlnlenance. Or
<br />repaks and any wou rile paid iherstor will become pet of the pdr 4W Indebtedness secured hereby, to immediately due and pay" and bear irhler st at tee defauh rate
<br />fill d in ft Wells) fnvrn ale dale of paymrht until paid. The advancement by Bene%ciary of any such amounts will In no manner limit the right of Beneficiary 10 declare
<br />Truelor(s) In defMlt or am roiN any of Beneflcisry's other rights and remedies.
<br />(5) In the owl Duleldar/ Is a party to any Gdpation affecting the property or the lien of IN* Trust Deed, including any action by Beneficiary to enforce tits Trust Deed or
<br />any suit in vAid Bern00iary is nrned a defendant (including condswolion and bankrupky proceedings) Beneficiary may Incur expenses and advance payments for abstract
<br />Mee, aaarnya fees (le 90 exwm asowed by law), costs, expenses, appraisal fees. and other charges and arty amounts w advanced will become Part of the principal
<br />khdebmdness vowed hereby. be Immsdialsy, due and pay" and boar Interest at the default rata provided in the notes) from tee data of advancs until paid.
<br />(a) Any awards made io Trusior(s) or their successors by Me exercise of eminent domain are hereby assigned to Beneficiary: and Beneficiary Is hefety authorized b
<br />collect and apply the same in payment of any Indebtedness, mature or un matured, seared by this Tfurt Deed.
<br />(7) M On avarht Tnnlor(s) defaults in far payment when due of any sums assured hereby (principal. Interest, advancements, or protective advances), Of fails b p!erfonn a
<br />observe any covenante and conditions contained herein. In the nole(s). ban agrosment(s), or any other instruments, or any proceedings is brought by Or against Trutwr(s)
<br />under any 8an1kriplay lows. Beneficiary. at its option, may declare the entire indebtedness seared hereby to be immediately due and pyabie and The whole will bees Wft"t
<br />at to dowt ram u provided in the nola(s) and Beneficiary may immediately authorize Trustee to exercise the Power of Safe granted herein ta.the manner provided In the
<br />Nebraska Trust Dads Act, a, at the option of the Beneficiary. may foreclose the Trust Deed in the manner provided by low for the foreclosure of nwrr a on red property,
<br />hduding the appokko m d o Realer upon ex parts appYcason, notion being hereby expressly waived, which regard aria vaue of the property ew ffr wf dally 90 a
<br />disehrpe the indebtedness eeo:red hweby a in the hear agresffm**). Delay by Beneficiary in exercising its dgtrts upon default will not be oartatusd 4441 vetiver thereof and
<br />any act d 9w eficiany waiting amy specili d dellult will not be construed a, a waiver of any future default. M the ptoc ods under such sale or forecWaur'0 era insuflidant b pay
<br />the OW IndshMetwa secured hereby. Tnasbr(s) do hereby apes lobe personally bound to pay the unpaid balance. and Ben ektary will be entitled w a dsflclotny ludgmsnt.
<br />(i) Should Benelidary elect 10 exsrcies the Power of Sale granted herein. Beneficiary will notify Trwtea who reel re= d. pubMsh. and driver t0 Truslor(&) such Nodal of
<br />Default and Nona of Salo as Men tegrined by los rid will In the nunnor provided by law. sell the property at tha tim and plan of sale fixed b the Notice of sale. either as a
<br />whole or in aspatale bas, parolee, w h emis and in such order as Trw1N will deem expedient. Any person my bit sit the sale tnchiding Truvc4s). Trustee, Of Bmkiany.
<br />(9) Truftisr ) hereby requests • copy d ry Noatce of Default or Noica of Sale hareuider to be mailed by carti W mail to Tnwtot(s) at to aWraas(a) all forth heeh.
<br />(10) tlpori dsMull. SaneBdery. elt+ar in penpr► a by spent. wish w vi?thout bniighg cry aeticn or Peooeadirg and wish or witliouh regard to tee vMue of tins property or tee
<br />siullldericy 1Mraof tD disdwge th►krdebsednssa sculled hushes, M aull+odnad and aritfed b anti uocn and take pasesaion of tee props�r in its ow++ nartla or In the nsrtie
<br />d M Trustee and do au>y acre a upend cry nuns it deems necessary a deetrabla t0 protsce or Pressnsa tee yatw of the property or any interest thuNn, or trhefease the
<br />inoorthe Mfaeetoeth; end with or whtthona taktrhp poaseaabn d the property is aut!harred 10 sue fan or otherwtea ia[tact the rants. issues, crops. proRts. and khaln+tr thereof.
<br />including Ohoae pact due and unpled, and apply din earns upon cry indebtedness stalled hereby a in the loan agrastctnsnt{s).
<br />No ravrdy hrsh conferred upon or reserved to Trustee or Beneficiary is intended lobe exclusive of any other remedy, herein or by tarn proms or permitted. but t `.
<br />each will be ctweJatlw, will be in addition to every other remedy given hereunder or raw or hereafter existing at law or, In equity or by statMe and Rey be exercised t
<br />concurrently, khdepender" or sucoasivey.
<br />(11) Trusters) acknowledges that the duties and obligations of Trustee will be detartnYUd solely by the express provisions of oils Trust Deed d the Nebraska Toast Desch
<br />Act and Trualae will not be liable except for doe pbtfomtance of such duties and obigations as are apuafically aet forth therein, and no implied covenants Of obigatiore will be 1
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<br />;r..—..^' —�— �n.wwrii T7L........ nos w u...
<br />•r•.. .v i.y... �,,: 8:gi ....sere. L'ji +i i.-. gini�r .au. irw frewwMUy wwviw toes art let iiv rxirt>txited a •ntnrt zits �i•^R -. �'=
<br />cortfarnd uporeecb)r tile Truer Deed or wee tar.
<br />(12) The k>away and responsibility of Tridents) constitutes a part of the consideration non the obligation* selwed hereby. Should Truslaf(s) 501. transfer, or convey the
<br />p►oBKly tieicri+id hiirrn:., rsiifo A prior written uonsm of Beneficiary. 8eneficwy, at rte opaon, may dodare the more indebtedness immediately due and PayaOM and may
<br />proceed In the enbreet4vat•oa sights as an" oter default.
<br />(18) /lslep -moat of Rents rWaludng P'roeeeiis of filinecaf (teases. Truetx(s) I+erety coigns. trarafare, and mnwys b BerheRdary all tams. royaxtdas• bonuses, err r4slay
<br />morays Of other prooesd s this may from MW am lima become doe and payable under ay real estate Issas or under any al, gas, gavel. rock. or o0er mineral tease of any
<br />kind Including paoittemud 2ee0urae now oldswo at fiat 04y hereafter come into existence. covering the pcuparty or any part dhered. All xazh sums so rsoeiwd by Of all of
<br />Bortakiery vA be applied ID the such dirhdeb bt *Wd tai essuans and�aaoul over and 1D� ol its heerr iig)hn tt� this Trru t in Interest-
<br />Tfhii lasaipmhent
<br />will be constied b be a provision for the payment or rodudwD of the debt, subject b she BenMdays opion as heroinbefore provided. Independent of to Yon on the property.
<br />Upon payment in fed of the'debh and the aconveyonce of this Trust Deed of record, this assignment will bseone Inopradve and of no further fora and efbm
<br />(14) T 00monano contained In Of Trust Deed will be deertted lobe esveratxei in tee event that any portion of,ft Trust Deed Is determined to be veld or tRWJWOabfe.
<br />that dwmwisition will not alMct the,.Ydity of to maim; pontoons of the tout Desd. Mei- Rub -BM Holsteins, Inc.*
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<br />c A. Meier
<br />%Mycp, a zTeLer , e� rf
<br />STATE OF NEBRASKA ��, pp ) '�.� /t'x� A i_• 3� °•
<br />COUNTY OF l'/.^ *A, A tttt��,,,•
<br />r rra�ruststt
<br />On this �� day of - c mow- A.D., 19 �y� , before me, a Notary Public. WsOnallfy appeared
<br />Ruben E. Meier and Joyce A. Meier, husband and wife
<br />to me know to be the person(s) named in and who executed the foregoing Acknowledgment and Trust Deed and ac luwMedDed that they
<br />A executed the same as their voluntary act and deed.
<br />BEfrf1UH IOiAAY•$tltt ^�'
<br />(SEAL) iAt�DR,i S.;
<br />ih Q= b•? U i� :�, -. s andra 5. eney
<br />(Type or print name under signature"
<br />Q g Notary Public in and for said County and State
<br />My oommit�rrwrpires St;-►� 1 t, . ,
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