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<br /> gg• ��'��6�2 DEED OF TRUST
<br /> This DEED OF TRUST is made as of the 2°d day of JCTNE, 1999, by and among the Trustor, WII.,IAM J. �
<br /> GORDON AND MARTHA L. GORDON, HUSBAND AND WIFE, whose mailing address for purposes of this c\�
<br /> Deed of Trust is 907 WEST CHAPMAN ROAD, GRAND ISLAND, NEBRASKA 68803 (herein, "Trustor",
<br /> whether one or more), the Trustee, AREND R. BAACK, Attorney at Law, a member of the Nebraska State Bar �
<br /> Association, whose mailing address is P. O. Box 790, Grand Island, NE 68802-0790 (herein °Trustee"), and the (�)
<br /> Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, whose mailing \
<br /> address is P. O.Box 1009,Grand Island,NE 68802-1009(herein"Lender").
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br /> (herein"Borrower",whether one or more), and the trust herein created,the receipt of which is hereby acknowledged,
<br /> Trustor hereby irrevocable grants,transfers, conveys and assigns to Trustee, IN TRU5T, WITH POWER OF SALE,
<br /> for the benefit and security of the Lender, under and subject to the terms and conditions hereinafter set forth, legally
<br /> described as follows:
<br /> THE EAST HALF OF TI� NORTHWEST QUARTER OF THE NORTI�AST QUARTER
<br /> (E1/2NW1/4NE1/4) OF SECTION SEVENTEEN (17), TOWNSHIP TWELVE (12) NORTH,
<br /> RANGE N1NE (9) WEST OF THE 6'� P.M., CONTAINING 20 ACRES MORE OR LESS,
<br /> HALL COUNTY,NEBRASKA
<br /> together with a11 buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br /> appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and
<br /> remainders thereof, and such personal property that is attached to the improvements so as to constitute a fixture,
<br /> including, but not limited to, heating and cooling equipment and together with the homestead or marital interests, if
<br /> any, which interests are hereby released and waived, all of which, including replacements and additions thereto, is
<br /> hereby declazed to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being
<br /> 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 Deed of
<br /> Trust Note dated JUNE 2, 1999, having a maturity date of JLJLY l, 2009, in the original principal amount of ONE
<br /> HUNDRED TWO THOUSAND 00/100 Dollars (102,000.00), and any and a11 modifications, extensions and
<br /> renewals thereof or thereto and any and a11 future advances and re-advances to Bonower(or any of them if more than
<br /> one) hereunder pursuant to one or more promissory notes or credit agreements (herein called "Note"); (b)the
<br /> payment of other sums advanced by Lender to protect the security of the Note; (c)the performance of all covenants
<br /> and ageements of Trustor set forth herein; and(d) all present and future indebtedness and obligations of Borrower
<br /> (or any of them if more than one)to Lender whether direct, indirect, absolute or contingent and whether arising by
<br /> note,guaranty,overdraft or otherwise. The Note,this Deed of Trust and any and a11 other documents that secure the
<br /> Note or otherwise executed in connection therewith, including without limitation guarantees, security agreements and
<br /> assignments of leases and rents, shall be refened 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
<br /> warrants that the lien created hereby is a first and prior lien on the Property and the execution and delivery of the
<br /> Deed of Trust does not violate any contract or other obligation to which Trustor is subject.
<br /> 3. Taxes. Assessments. To pay before delinquent all taxes, special assessments and a11 other charges against
<br /> the Property now or hereafter levied.
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