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200308475
<br />Trustee, the receipt and sufficiency of which is hereby acknowledged, does by these presents,
<br />irrevocably grant, bargain and sell, convey, assign and confirm unto the said Trustee, IN TRUST
<br />WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms
<br />and condition of this Deed of Trust, the following described real property situated in Hall County,
<br />Nebraska, to -wit:
<br />Lot two (2) Wildwood Second Subdivision, Hall County, Nebraska
<br />TOGETHER with and including all and singular the tenements, hereditaments,
<br />appurtenances and privileges thereunto belonging or in anywise appertaining, whether now or
<br />hereafter acquired, which shall include, without limiting the generality of the foregoing, the
<br />following:
<br />All of the rents, issues and profits, including all rents, royalties, bonuses and benefits under any
<br />existing or future oil, gas or mineral or other leases; all easements and rights of way; all rights of
<br />homestead and homestead exemption and any surviving spouse's marital or distributive share, and
<br />all other contingent rights in and to said premises; and
<br />All fixtures, improvements, buildings, and the plumbing, heating, ventilating and lighting systems
<br />and equipment therein; all of which shall be construed and considered as affixed to and part of the
<br />real estate.
<br />All of the foregoing estate, property and interest hereby conveyed to the said Trustee is hereinafter
<br />collectively referred to as the "Property ".
<br />TO HAVE AND TO HOLD the same unto the said Trustee, Trustee's successors and
<br />assigns, forever, IN TRUST HOWEVER and WITH POWER OF SALE hereby expressly granted
<br />unto the said Trustee, Trustee's successors, and assigns for the purpose of securing:
<br />(a) The payment of Trustor's just indebtedness to Beneficiary in the principal sum of
<br />Two Hundred Ninety Thousand Dollars ($290,000.00) for money borrowed, with interest thereon,
<br />all as evidenced by and in strict accordance with the terms of that certain promissory note,
<br />hereinafter called the "Note ", bearing even date herewith made payable to the order of Beneficiary,
<br />executed by James P. Kramer and Lynette C. Kramer, and providing for the payment of said
<br />indebtedness in installments, subject to acceleration of maturity on default in the payment of any
<br />installment of principal or interest or in the performance of any covenant, agreement or warranty
<br />contained in this Deed of Trust;
<br />(b) The performance of each agreement, covenant and warranty of Trustor herein
<br />contained or set forth in the Note or any agreement or instrument executed by Trustor in connection
<br />with the indebtedness hereby secured; and
<br />(c) The payment of any sum or sums of money with interest thereon which may be
<br />hereafter paid or advanced under the terms of the Deed of Trust.
<br />NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST,
<br />Trustor does for Trustor and for Trustor's heirs, representatives, vendees, successors and assigns, the
<br />owners of said Property, hereby expressly covenant, agree and warrant to and with the Trustee and
<br />Beneficiary, and their successors, vendees and assigns:
<br />FIRST: That the Trustor hereby covenants and agrees, to the extent permitted by law, as
<br />follows: (a) to pay promptly when due the principal and interest and other sums of money provided
<br />for in the Note and in this Deed of Trust; (b) to promptly pay before delinquency all taxes,
<br />assessments and other charges imposed by law upon the Property, the Trustor's interest therein, or
<br />upon this Deed of Trust or the Note; (c) to keep the above - described Property and the improvements
<br />thereon in good condition and repair and not to commit or suffer waste thereof, and except as
<br />authorized in any schedule annexed hereto and forming a part hereof, neither to remove nor permit
<br />the removal of any timber, buildings, oil, gas, minerals, stone, rock, gravel or top soil without the
<br />prior written consent of Beneficiary; (d) to maintain and deliver to Beneficiary policies of insurance
<br />against such hazards on the buildings and improvements now or hereafter located on or constituting
<br />a part of the Property as the Beneficiary shall require, in an amount not less than the total outstanding
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