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200305214
<br />(1) A tract of land in the North Half (N 1/2) of the Southwest Quarter
<br />(SW1 /4) of Section 36, Township Twelve (12) North, Range Ten (10)
<br />West of the 6th P.M., Hall County, Nebraska, described as follows:
<br />Beginning at the West Quarter Corner of Section 36, Township Twelve
<br />(12) North, Range Ten (10) West, thence south along the west line of said
<br />Section 36, One Thousand Three Hundred Nine and Ninety -Three
<br />Hundredths (1309.93) feet; thence east at right angles 33 feet to the
<br />existing County road right -of -way line; thence north parallel to the west
<br />line of said Section 36, Six Hundred Seven and Fifty -Eight Hundredths
<br />(607.58) feet; thence east at right angle seven (7); thence north parallel to
<br />the west line of said Section 36, Seven Hundred Two and Thirty -Five
<br />Hundredths (702.35) feet; thence west at right angles 40 feet to the point
<br />of beginning, and containing 1.10 acres more or less of which 0.99 acres is
<br />existing County Road right -of -way making a net additional right -of -way
<br />of 0.11 acres more or less.
<br />(2) A tract of land comprising the South Half (S1 /2) of the Northwest
<br />Quarter (NW1 /4) of Section 36, Township Twelve (12) North, Range Ten
<br />(10) West of the 6th P.M., Hall County, Nebraska, described as follows:
<br />Beginning at the West Quarter corner of Section 36, Township Twelve
<br />(12) North, Range Ten (10) West thence North along the west line of said
<br />Section 36, One Thousand Three Hundred One and Eighty -Two
<br />Hundredths (1301.82) feet; thence east at right angles 33 feet to the
<br />existing county road right -of -way line; thence south parallel to the west
<br />line of said Section 36, Five Hundred Four and Seventeen Hundredths
<br />(504.17) feet; thence east at right angles Seven (7) feet thence south
<br />parallel to the west line of said Section 36, Seven Hundred Ninety -Seven
<br />and Sixty -Five Hundredths (797.65) feet; thence west at right angles 40
<br />feet to the point of beginning, and containing 1.12 acres more or less of
<br />which 0.99 acres is existing County road right -of -way making a net
<br />additional right -of -way 0.13 acres more or less.
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, ease-
<br />ments, rights, privileges and appurtenances located thereon or in anywise pertaining
<br />thereto, and the rents, issues and profits, reversions and remainders thereof, and such
<br />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
<br />homestead or marital interests, if any, which interests are hereby released and waived, all
<br />of which, including replacements and additions thereto, is hereby declared to be a part of
<br />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 Note secures the total sum of Two Hundred Seventy Thousand
<br />and No /100 Dollars ($270,000.00) or such lesser sum as may be evidenced by advances
<br />drawn upon Borrower's Line of Credit Note of even date herewith (hereinafter referred to
<br />as "Debt ") which has a stated maturity date of December 31, 2003. This Debt shall
<br />include any and all modifications, extensions and renewals thereof or thereto and any and
<br />all future advances and re- advances to Borrower (or any of them if more than one) here-
<br />under pursuant to one or more promissory notes or credit agreements (herein called
<br />"Note ").
<br />This Deed of Trust secures to Lender the Debt evidenced by said Note, the
<br />payment of all other sums, with interest, advanced under the provisions hereafter to
<br />protect the security and the performance of Borrower's covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has
<br />the legal power and lawful authority to convey the same and warrants and will defend
<br />title to the real estate against the lawful claims of all persons.
<br />Note.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />1. Borrower shall pay when due, the principal and interest as provided in said
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