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<br /> DEED OF TRUST WITH FUTURE ADVANCES '� � ��
<br /> THIS DEED OF TRUST, is made as of the 7 day of April , 19 99, by and among �
<br /> theTrustor, Kevin J. Rainforth and Lori G. Rainfarth, Husband and Wife,
<br /> whose mailing address is 6615 W. Lepin Road, Donivhan, NE 68832 (herein "Trustor," whether one or morel,
<br /> the Trustee, Bank of Doniphan, a Nebraska Corporation, ,
<br /> whose mailing address is P 0 Box 270. Doninhan, NE 68832 (herein "Trustee"),and
<br /> the Beneficiary, Bank of Doniphan
<br /> whose mailing address is P 0 Box 270. Doni�han. NE 68832 �herein "Lender").
<br /> FOR VALUABLE CONSIDERATION,including Lender's extension of credit identified herein to Kevin J. Rainforth and
<br /> Lori G. Rainforth, Husband and Wife,
<br /> (herein "Borrower", whether one or more) and the irust herein created, the
<br /> receipt of which 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 conditions hereinafter set forth, the real
<br /> property,described as follows:
<br /> The South Half of the Northwest Quarter (S�NW�) and the North Half of the Southwest
<br /> Quarter (N�SW�) of Section Eighteen (18) , Township Nine (9) North, Range Ten (10) ,
<br /> West of the 6th P.M. , Hall County, Nebraska.
<br /> PROPERTY ADDRSSS�
<br /> Together with ell 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 thereof, and such personal
<br /> property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equipment;
<br /> and together with the homestead or marital interests, if any, which interests are hereby released and waived; a�l of which, including
<br /> replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of
<br /> the foregoing being referred to herein as the "Property".
<br /> This Deed of Trust shall secure(a)the payment of the principal sum and interest evidenced by a promissory note or credit
<br /> agreement dated April 7, 1999 , having a maturity date of Januarv 3, 2014
<br /> in the original principal amount of S 160.000.00 , and any and all modifications, extensions and renewals
<br /> thereof or thereto and any and all future advances and readvances to Borrower(or any of them if more than one) hereunder pursuant to
<br /> one or more promissory notes or credit agreements (herein called "Note"1; (b)the payment of other sums advanced by Lender to protect
<br /> the security of the Note; (c)the performance of all covenants and agreements of Trustor set forth herein; and (d) all present and future
<br /> indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect, absolute or contingent
<br /> and whether arising by note, guaranty,overdraft or otherwise. The Note,this Deed of Trust and any and all other documents that secure
<br /> the Note or otherwise executed in connection therewith, including without limitation guarantees, security agreements and assignments
<br /> of leases and rents,shall be referred to herein as the "Loan Instruments".
<br /> Trustor covenants and agrees with Lender as follows:
<br /> 1. Payment of Indebtedness.All indebtedness secured hereby shall be paid when due.
<br /> 2.Title.Trustor is the owner of the Property,has the right and authority to convey the Property, and warrants that the lien created
<br /> hereby is a first and prior lien on the Property, except for liens and encumbrances set forth by Trustor in writing and delivered to Lender
<br /> before execution of this Deed of Trust, and the execution and delivery of this Deed of trust does not violate any contract or other
<br /> obligation to which Trustor is subject.
<br /> 3. Taxes,Assessments.To pay before delinquency all taxes,special assessments and all other charges against the Property now or
<br /> hereafter levied.
<br /> 4. Insurenca. To keep the Property 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 named
<br /> insured, with loss payable to the Lender. In case of loss under such policies,the Lender is authorized to adjust, collect and compromise,
<br /> all claims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness secured hereby
<br /> and in such order es Lender may determine, (ii)to the Trustor to be used for the repair or restoration of the Property or(iii) for any other
<br /> purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured hereby before such
<br /> payment ever took place.Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under
<br /> the Note,or cure any default thereunder or hereunder.
<br /> 5. Escrow. Upon written demand by Lender,Trustor shall pay to Lender, in such manner as Lender may designate, sufficient sums
<br /> to enable Lender to pay as they become due one or more of the following: (i) all taxes, assessments and other charges against the
<br /> Property, (ii) the premlums on the property insurance required hereunder, and (iii) the premiums on any mortgage insurance required by
<br /> Lender. .. •
<br /> 8. Meintenence, Repelrs snd Compilance with Laws. Trustor shall keep the Property in good condition and repair; shall promptly
<br /> repair, or replace any improvement which may be damaged or destroyed; shall not commit or permit any waste or deterioration of the
<br /> Property; shell not remove, demolish or substantially alter any of the improvements on the Property; shall not commit, suffer or permit
<br /> any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and shall pay and promptly discharge at
<br /> Trustor's cost end expense all liens,encumbrences and charges levied, imposed or assessed against the Property or any part thereof.
<br /> .,e...,..,. ,.�----.,_..,...._�..__.,s_. ...,..�
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