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Farm Coach Services of America TRUST DEED AND ASSIGNMENT OF RENTS Trustorls): SHERRY L GANGWISH, Trustee for SHERRY L GANGWISH LIVING REVOCABLE TRUST DATED DECEMBER 9, 1996 Mailing Address: PO BOX 530 SHELTON NE 68876 -0530 This Trust Dead and Assignment of Rents is made Ma�22 1 , by and among the above named Trustorls) and AgriBank, FCB, " mailing address is PO Box 64949, St. Paul, Minnesota 55164 -0949, and Farm Cretlit Services of America FLCA, Beneficiary. address is 5015 S 118th SC PO Box 2409, Omaha NE 68103- 24091n cons) erabon o t e a vanes y arts weary e( the princ1 below, the receipt of whl are iati anowIs gad, roster s Irrevocably transfers, conveys and assigns to Trustee, IN TRUST, SALE, for the benefit and security of Beneficiary, Its successors and assigns, under and subject to the terms and conditions of the property, located in Hall Countries), Stale of Nebraska, and described as follows: The Northeast Quarter (NE1 /4) of Section Five (5), Township Nine (9) North, Range Twelve (12) West of the 6th P.M. and the Southeast Quarter (SE1 14) of Section Thirty -Two (32), Township Ten (10) North, Range Twelve (12) West of the 6th P.M., all in Hall County, Nebraska, excepting Railroad R.O.W. in SE1 /4 of Section 32, Township 10, Range 12, and excepting a 25 foot strip of land to the State of Nebraska per Easement filed January 3, 1958, in Book 5, at Page 321, of the records of Hall County, Nebraska /r.v° together with all Truitor's right, title, rid latera l in the Property, new or hereafter acquired, - eluding: all buildings, fixtures, crops, and improvements es now on or hereafter placed upon the property; all appurtenances, water, irrigation, and drainage rights: all rents, Issues, us, Income, profits, and rights to possession; all oil, gas, gravel, rock, or other minerals of whatever nature, including geothermal resources; all personal property that may integrally belong to or hereafter become an integral part of the real estate whether attached or detached, including any appurtenances and accoutrements of any structure or residence secured hereby; easements and other rights and interests now or at any time hereafter belonging to or in any way pertaining to the property, whether or not specifically described herein; all above and below ground irrigation equipment and accessories; and all leases, w permits, licenses, or privileges, appurtenant or nonappurtenant to the property, now or hereafter issued, extended or renewed by Torsions), any Slate, the United States, or any tlepartment, bureau, instrumentality, or agency thereof. The foregoing is collectively referred to In this document as the "property." It is understood and agreed between Trusterlsl and Beneficiary that this Trust Deed is given to secure the repayment In full of the following described promissory rituals). and all future and additional loans or advances, protective or otherwise, which may be made by Beneficiary, at its option, at the request of, and to or for the account of Trustorlsi, or any of them, for any purpose, plus interest thereon, all payable according to the terms of the notelsl or other Instrumented modifying the same. Date of Note Princi e iST/a /I'f3150',{ 100 000 00 04121/2000 240,00000 05129/2001 60,000.00 This Trust Deed will be due January 01 2023. Trusfure) hereby warrants that Trustorlsi holds fee simple title to the above described property, that Trustorlsi has good and lawful authority to deed and encumber the same, that the property is free and clear of all liens and encumbrances, except encumbrances of record, and that Trustorls) will warrant and defend the property, at Thestudid expense, against all claimants whomsoever. Trustors) also hereby waives and relinquishes all rights of dower, homestead, distributive share, and exemption in and to the above described property. This trust deed secures more than one note. In the event of default under any note, all notes will be considered to be in default and the Beneficiary may exercise the remedies provided herein in satisfaction of all notes. Trusterlsl and each of them further covenants and agrees with Beneficiary ea follows: 1. To pay all liens, judgments, or other assessments against the property, and to Pay when due all assessments, taxes, rents, fees, or charges upon the property or under any lease, permit, license, or privilege assigned to Beneficiary as additional security to this Trust Deed, including those in or on public domain. 2. To Insure and keep insured buildings and other improvements including fixtures and attachments now on or hereafter placed on the property to the satisfaction of Beneficiary. Such insurance will be approved by an deposited with Beneficiary, and endorsed with loss payable clause to Beneficiary. Any sums so received by Beneficiary may be used to pay for reconstruction of the destroyed improvements or if not so applied may be applied , at the option of Beneficiary, in payment of any indebtedness matured or unmatured secured by this Trust Deed. Such insurance will be in an amount at least equal to the lesser oft loan balance, the actual each value of the collateral, or the replacement cast of the property, and will at a minimum, cover losses caused by fire, lightning, explosion, riot, aircraft, vehicles, vandalism, civil commotion, smoke, windstorm, and hail. Trustorls) will obtain and keep flood insurance in force to cover losses by flood as required by Beneficiary and by the National Flood Insurance Act of 1968, as amended, and by regulations implementing the same. Trustorls) further agree that Beneficiary is not and will not be liable for any failure by Tocantins) or by any Insurer, for whatever reason, to obtain and keep this insurance in farce. 3. To keep all buildings, fixtures, attachments, and other improvements now on or hereafter placed on the property occupied and in good repair, maintenance, and condition and to neither commit nor permit any acts of waste or any impairment of the value of the property. Beneficiary may enter upon the property to inspect the same or to perform any acts authorized herein or in the loan agreement(s). Ap #: 00308049; Primary Customer ID #: 00082296; CIE #: 86811 Legal Doc. Date: May 22, 2003 FORM 5011. Trust Deed and Assignment of Rents Page 1 m, . EX c On Z o G •� �, � �� cn3 o N N CO 20030699E o not wnle/fYYe abe�a u Gne. or Gn9 purposes on y. FOPM 5 011 11 -300]1 RETURN TO Farm Credit Services of America, P.O. Box 250 Edith Valejo PREPARER: Kearney, NE 68848 -0250 18001454 -2039 Farm Coach Services of America TRUST DEED AND ASSIGNMENT OF RENTS Trustorls): SHERRY L GANGWISH, Trustee for SHERRY L GANGWISH LIVING REVOCABLE TRUST DATED DECEMBER 9, 1996 Mailing Address: PO BOX 530 SHELTON NE 68876 -0530 This Trust Dead and Assignment of Rents is made Ma�22 1 , by and among the above named Trustorls) and AgriBank, FCB, " mailing address is PO Box 64949, St. Paul, Minnesota 55164 -0949, and Farm Cretlit Services of America FLCA, Beneficiary. address is 5015 S 118th SC PO Box 2409, Omaha NE 68103- 24091n cons) erabon o t e a vanes y arts weary e( the princ1 below, the receipt of whl are iati anowIs gad, roster s Irrevocably transfers, conveys and assigns to Trustee, IN TRUST, SALE, for the benefit and security of Beneficiary, Its successors and assigns, under and subject to the terms and conditions of the property, located in Hall Countries), Stale of Nebraska, and described as follows: The Northeast Quarter (NE1 /4) of Section Five (5), Township Nine (9) North, Range Twelve (12) West of the 6th P.M. and the Southeast Quarter (SE1 14) of Section Thirty -Two (32), Township Ten (10) North, Range Twelve (12) West of the 6th P.M., all in Hall County, Nebraska, excepting Railroad R.O.W. in SE1 /4 of Section 32, Township 10, Range 12, and excepting a 25 foot strip of land to the State of Nebraska per Easement filed January 3, 1958, in Book 5, at Page 321, of the records of Hall County, Nebraska /r.v° together with all Truitor's right, title, rid latera l in the Property, new or hereafter acquired, - eluding: all buildings, fixtures, crops, and improvements es now on or hereafter placed upon the property; all appurtenances, water, irrigation, and drainage rights: all rents, Issues, us, Income, profits, and rights to possession; all oil, gas, gravel, rock, or other minerals of whatever nature, including geothermal resources; all personal property that may integrally belong to or hereafter become an integral part of the real estate whether attached or detached, including any appurtenances and accoutrements of any structure or residence secured hereby; easements and other rights and interests now or at any time hereafter belonging to or in any way pertaining to the property, whether or not specifically described herein; all above and below ground irrigation equipment and accessories; and all leases, w permits, licenses, or privileges, appurtenant or nonappurtenant to the property, now or hereafter issued, extended or renewed by Torsions), any Slate, the United States, or any tlepartment, bureau, instrumentality, or agency thereof. The foregoing is collectively referred to In this document as the "property." It is understood and agreed between Trusterlsl and Beneficiary that this Trust Deed is given to secure the repayment In full of the following described promissory rituals). and all future and additional loans or advances, protective or otherwise, which may be made by Beneficiary, at its option, at the request of, and to or for the account of Trustorlsi, or any of them, for any purpose, plus interest thereon, all payable according to the terms of the notelsl or other Instrumented modifying the same. Date of Note Princi e iST/a /I'f3150',{ 100 000 00 04121/2000 240,00000 05129/2001 60,000.00 This Trust Deed will be due January 01 2023. Trusfure) hereby warrants that Trustorlsi holds fee simple title to the above described property, that Trustorlsi has good and lawful authority to deed and encumber the same, that the property is free and clear of all liens and encumbrances, except encumbrances of record, and that Trustorls) will warrant and defend the property, at Thestudid expense, against all claimants whomsoever. Trustors) also hereby waives and relinquishes all rights of dower, homestead, distributive share, and exemption in and to the above described property. This trust deed secures more than one note. In the event of default under any note, all notes will be considered to be in default and the Beneficiary may exercise the remedies provided herein in satisfaction of all notes. Trusterlsl and each of them further covenants and agrees with Beneficiary ea follows: 1. To pay all liens, judgments, or other assessments against the property, and to Pay when due all assessments, taxes, rents, fees, or charges upon the property or under any lease, permit, license, or privilege assigned to Beneficiary as additional security to this Trust Deed, including those in or on public domain. 2. To Insure and keep insured buildings and other improvements including fixtures and attachments now on or hereafter placed on the property to the satisfaction of Beneficiary. Such insurance will be approved by an deposited with Beneficiary, and endorsed with loss payable clause to Beneficiary. Any sums so received by Beneficiary may be used to pay for reconstruction of the destroyed improvements or if not so applied may be applied , at the option of Beneficiary, in payment of any indebtedness matured or unmatured secured by this Trust Deed. Such insurance will be in an amount at least equal to the lesser oft loan balance, the actual each value of the collateral, or the replacement cast of the property, and will at a minimum, cover losses caused by fire, lightning, explosion, riot, aircraft, vehicles, vandalism, civil commotion, smoke, windstorm, and hail. Trustorls) will obtain and keep flood insurance in force to cover losses by flood as required by Beneficiary and by the National Flood Insurance Act of 1968, as amended, and by regulations implementing the same. Trustorls) further agree that Beneficiary is not and will not be liable for any failure by Tocantins) or by any Insurer, for whatever reason, to obtain and keep this insurance in farce. 3. To keep all buildings, fixtures, attachments, and other improvements now on or hereafter placed on the property occupied and in good repair, maintenance, and condition and to neither commit nor permit any acts of waste or any impairment of the value of the property. Beneficiary may enter upon the property to inspect the same or to perform any acts authorized herein or in the loan agreement(s). Ap #: 00308049; Primary Customer ID #: 00082296; CIE #: 86811 Legal Doc. Date: May 22, 2003 FORM 5011. Trust Deed and Assignment of Rents Page 1