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02002097
<br />Trustee: As set forth above.
<br />Trustor: As set forth above.
<br />The above named Trustor for good and valuable consideration, hereby irrevocably transfers, conveys
<br />and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of the
<br />Beneficiary, its successors and assigns, an assignment and security interest in all of Trustor's right, title
<br />and interest whether currently existing or hereinafter acquired in and to the following -described Real
<br />Property in Hall County(ies), Nebraska, to wit:
<br />Property 1:
<br />The South Half of the Southeast Quarter (S'/ SE %) of Section Twenty -Six (26),
<br />Township Eleven (11) North, Range Twelve (12) West of the 6th P.M., Hall County,
<br />Nebraska EXCEPT a portion conveyed to the County of Hall, a political subdivision
<br />of the State of Nebraska, in Deed Book 150, Page 370, AND EXCEPT Lot 1,
<br />Engelhart Acres Subdivision, part of the Southeast Quarter of Section 26,
<br />Township 11 North, Range 12 West of the 6th P.M., Hall County, Nebraska
<br />Property 2:
<br />The West Half of the Southwest Quarter (W'/ SW %) of Section Fourteen (14),
<br />Township Eleven (11) North, Range Twelve (12), West of the 6th P.M., Hall
<br />County, Nebraska
<br />Parcel 3:
<br />South Half of the Southwest Quarter (S % SW %) of Section Twenty -Six (26),
<br />Township Eleven (11) North, Range Twelve (12) West of the 6th P.M., Hall County,
<br />Nebraska
<br />In addition, Trustor hereby grants to Lender a security interest in all Personal Property, and all proceeds
<br />from any sale or other disposition of the Property. The trust deed is also effective as both a financing
<br />statement filed as a fixture filing under the Uniform Commercial Code and as a security agreement under
<br />the Uniform Commercial Code and Trustor hereby consents to the filing of notices, statements or other
<br />documents in accordance with the Uniform Commercial Code as Lender may determine appropriate.
<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 />04/03/2020 $510,000.00
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time
<br />will not exceed the sum of FIVE HUNDRED TEN THOUSAND ($510,000.00), 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 April 1, 2040.
<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 />App #: 5662905; CIF #: 102103; Acct #: 3233409 202EA Legal Doc. Date: April 3, 2020
<br />FORM 5011, Trust Deed, Security Agreement and Assignment of Rents Page 3 of 9
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