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<br /> � 99- lc�4o��
<br /> DSSD OF TRUST
<br /> � '
<br /> TAIS DEED OF TRUST is mad�s as of the � cfay of �I��y�, 1999 by and among �p
<br /> GARY LUHN, ("Trustor"), whose mailing address is: 701 orth 150th Road, Cairo, "�
<br /> NE 68824; �
<br /> and ARTHUR C. MAYER, Attorney at Law, ("TRUSTEE"), whose mailing addresa is:
<br /> P. O. Box 2300, Grand Island, Nebraska 68802;
<br /> and GERALD D. LUHN, an unremarried widower ("Beneficiary"), whose mailing
<br /> address is: 5175 North Cameron Road, Cairo, NE 68824.
<br /> FOR VALUABLE CONSIDERATION, Truetor irrevocably transfers, conveye, and
<br /> assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security
<br /> of Beneficiary, under and subject to the terms and conditions of this Deed of
<br /> Trust, the real property located in the County of Hall, State of Nebraska, and
<br /> legally described as follows: (the "Property") :
<br /> An undivided one-half interest in and to:
<br /> The North Half of the Southwest Quarter (N�SW'�), of Section Twelve
<br /> (12), Township Twelve (12) North, Range Twelve (12) , West of the 6th
<br /> P.M. , in Hall County, Nebraska,
<br /> AND
<br /> An undivided one-half intereat in and to:
<br /> The West Half of the Northwest Quarter (W�NW�) , Section Twelve (12),
<br /> Township Twelve (12) North, Range Twelve (12), West of the 6th P.M.,
<br /> in Hall County, hebraska.
<br /> TOGETHER WITH all renta, easementa, appurtenancea, hereditaments, interests
<br /> in adjoining roads, streets and alleys, improvementa and buildings of any kind
<br /> situated thereon and all personal property that may be or hereafter become an
<br /> integral part of such buildinga and improvements.
<br /> The property and the entire eatate and interest conveyed to the Trustee are
<br /> referred to collectively as the "Trust Estate".
<br /> FOR THE PURPOSE OF SECURZNG:
<br /> a: Payment of indebtedness in the total principal amount of $20,000.00
<br /> with interest thereon, as evidenced by that certain Promissory Note of even date
<br /> (the "Note") with a maturity date of April 1, 2009, executed by Truator, which
<br /> has been delivered and is payable to the order of Beneficiary and which by this
<br /> reference is hereby made a part hereof, and any and all modifications, extensiona
<br /> and renewals thereof, and,
<br /> b. Payment of all sums advanced by Beneficiary to protect the Trust
<br /> Estate, with intereat thereon at the rate of five percent (5�) per annum
<br /> (fourteen [14] percent if in default) .
<br /> This Deed of Trust, the Note, and any other instrument given to evidence
<br /> or further aecure the payment and performance of any obligation secured hereby
<br /> are referred to collectively 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,
<br /> and the interest on, the indebtedness evidenced by the Note, charges, fees and
<br /> all other sums as provided in the Loan Instrumenta.
<br /> 2. REAL ESTATE TAXES. Trustor shall pay the annual real estate taxes to
<br /> the Hall County Treasurer before the taxes become delinquent and shall furnish
<br /> tax receipts to Beneficiary on or before May 1 and September 1 each year.
<br /> 3. ZNSURANCE AND REPAIRS. Upon closing, Trustor shall provide Beneficiary
<br /> with a Certificate of Insurance showing the buildinga on each premises to be
<br /> insured for fire and extended coverage in an amount no less than the replacement
<br /> value of the buildinge. Truetor shall pay the premiums for maintaining such
<br /> policy and shall provide Beneficiary with evidence of insurance premium payments
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