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LAW OFFICE <br />BRAD MONCRIEF, <br />L.L.C. <br />1239 N. Burlington Ave., <br />Suite 200 <br />Hasting , NE 68901 <br />(402) 462-5353 <br />202303903 <br />FOR THE PURPOSE OF SECURING: <br />a. Payment of indebtedness in the total amount of $148,500.00 with interest of 5.5% <br />thereon, as evidenced by that certain promissory note of even date (the "Note") with a maturity <br />date of August 1, 2026, executed by Trustor, which has been delivered and is payable to the <br />order of Beneficiary, and which by this reference is hereby made a part hereof, and any and all <br />modifications, extensions and renewals thereof, and <br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest <br />thereon at the rate of 9.0% per annum. <br />This Deed of Trust, the Note, and any other instrument given to evidence or further <br />secure the payment and performance of any obligation secured hereby are referred to collectively <br />as the "Loan Instruments". <br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST: <br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and <br />the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as <br />provided in the Loan Instruments. <br />2. TAXES. Trustor shall pay each installment of all taxes and special assessments of <br />every kind, now or hereafter levied against the Trust Estate or any part thereof, before <br />delinquency, without notice or demand, and shall provide Beneficiary with evidence of the <br />payment of same. Trustor shall pay all taxes and assessments which may be levied upon <br />Beneficiary's interest herein or upon this Deed of Trust or the debt secured hereby, without <br />regard to any law that may be enacted imposing payment of the whole or any part thereof upon <br />the Beneficiary. <br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage <br />insurance insuring the improvements and buildings constituting part of the Trust Estate for an <br />amount no less than the amount of the unpaid principal balance of the Note (co-insurance not <br />exceeding 80% permitted) and name Beneficiary as Loss Payee until this Deed of Trust is <br />reconveyed. Trustor shall supply Beneficiary with proof of said coverage upon demand. Such <br />insurance policy shall contain a standard mortgage clause in favor of Beneficiary and shall not be <br />cancelable, terminable or modifiable without Ten (10) days prior written notice to Beneficiary. <br />Trustor shall promptly repair, maintain and replace the Trust Estate or any part thereof so that, <br />except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the <br />Trustor commit waste on or to the Trust Estate. <br />