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<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />T1 2S DEED OF TRUST, is made as of the 19 day of October
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<br />2001 , by and among
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<br />the Trustor, Lonnie L. Lindekuael and Brenda J Lindekugel husband and wife
<br />whose mailing address is 4152 Arizona, Grand Island, NE 68803 (herein "Trustor ", whether one or more),
<br />[lie Trustee Nebraska Energy Federal Credit Union
<br />whose mailing address is P 0 Box 499, Columbus, NE 68602 -0499
<br />(Herein "Trustee "), and
<br />(lie Beneficiary, Nebraska Energy Federal Credit Union
<br />whose mailing address is P 0 Box 499 Columbus NE 68602 -0499 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br />Lonnie L. Lindeku el and Brenda J. Lindeku el husband and wife
<br />(herein "Borrower," whether one or more) and the trust herein created, [lie receipt
<br />of wl�icll is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and condilions.hereinafler set forth, the real
<br />property described as follows:
<br />LOT EIGHT (8), ROSS HEIGHTS SUBDIVISION, HALL COUNTY, NEBRASKA
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances
<br />located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders Ihereof, and such per-
<br />sonal property that is attached to the improvements so as to constitute a fixture, including, but not limited lo, healing and cooling equip -
<br />nient; and together with the homeslead or marital interests, if any, which interests are hereby released and waived; all of which, includ-
<br />ing replacements and addilions [hereto, is hereby declared to be a part of [lie real estate secured by (lie lien of [his Deed of Trust and
<br />all of [lie foregoing being referred to herein as [lie "Properly ".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a promissory note or credit agree -
<br />rnenl dated October 19 2001 , having a maturity date of none stated
<br />in fire original principal amount of $ 21, 740.00 -, and and all mdific, extensions and renewals
<br />thereof or thereto and any and all future advances and readvances to Borrower (ornany of them i orae tions
<br />than one) hereunder pursuant
<br />to one or more promissory notes or credit agreements (herein called "Note "); (b) the payment of other sums advanced by Lender to
<br />protect the security of the Note; (c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all present and
<br />future indebtedness and obligations of Borrower (or any of them if more [hall one) to Lender whether direct, indirect, absolute or conlin-
<br />gent and whether arising by note, guaranty, overdraft or otherwise. The Note, [his Deed of Trust and any and all other documents that
<br />secure the Note or otherwise executed in connection [herewith, including without limitation guarantees, security agreements and
<br />assignments of leases and rents, shall be referred to herein as the "Loan Instruments ".
<br />Trustor covenants and agrees with Lender as follows:
<br />"I . Payment of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br />2. Title. Trustor is the owner of the Properly, has lire right and authority to convey the Property, and warrants that the lien creat-
<br />ed hereby is a first and prior lien on the Properly, except for liens and encumbrances set forth by Trustor in writing and delivered to
<br />Lender before execution of this Deed of Trust, and the execution and delivery of this Deed of Trust does not violate any contract or
<br />other obligation to which Trustor is subject.
<br />3. Taxes, Assessments. To pay before delinquency all taxes, special assessments and all other charges against the Properly
<br />nova or hereafter levied.
<br />4. Insurance. To keep the Properly insured against damage by fire, hazards included within the term "extended coverage ", and
<br />such other hazards as Lender may require, in amounts and with companies acceptable to Lender, naming Lender as an additional
<br />named insured, with loss payable to the Lender. In case of loss under such policies, [he Lender is authorized to adjust, collect and
<br />compromise, all claims thereunder and shall have the option of applying all or part of the insurance proceeds (I) to any indebtedness
<br />secured hereby and in such order as Lender may determine, (ii) to the Trustor to be used for the repair or restoration of the Properly or
<br />(iii) for any other purpose or object satisfactory to Lender without affecting the lien of [his Deed of Trust for the full amount secured
<br />hereby before such payment ever took place. Any applications of proceeds to Indebtedness shall not extend or postpone the due dale
<br />of any payments under the Note, or cure any default [hereunder or hereunder.
<br />5. Escrow. Upon written demand by Lender, Trustor shall pay to Lender, in such manner as Lender may designate, sufficient
<br />sums to enable Lender to pay as they become due one or more of the following: (i) all taxes, assessments and other charges against
<br />the Property, fir the on the insurance required hereunder.and fiiil [lip nraminmc nn Win„ n,r--
<br />of
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