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<br />2010200273 TRUST DEED C
<br />THIS TRUST DEED is made and entered into this day of 1 W CkCi by and;
<br />between Steven L. Kortum, a single person, TRUSTOR, whether one or more; (And TICOR TITEE__11VMRANCE'\
<br />COMPANY, TRUSTEE; and Doyle L. Winfrey and Violet B. Winfrey, BENEFICIARY, whether one or more.
<br />WITNESSETH: That the Trustor does by these presents grant, bargain, sell, convey and confirm unto the Trustee,
<br />with Power of Sale, the following- described real estate including all buildings, improvements, and fixtures of every kind now
<br />or hereafter erected or placed on the real estate situated in Hall County, Nebraska, described as:
<br />Lot Two (2), D & V Subdivision, in the City of Grand Island, Hall County, Nebraska.
<br />In the event of the sale, transfer or conveyance of the above - described property to any third party, all sums secured
<br />hereby shall be at once due and payable.
<br />TO HAVE AND HOLD the same, with all rights, privileges, and appurtenances thereunto belonging, unto the
<br />Trustee, his executors, administrators, heirs and assigns forever. And the Trustor hereby expressly waives, releases, and
<br />relinquishes unto the Trustee all right, title, claim, interest, benefit and estate whatever, in and to the above described
<br />premises and each and every part thereof, which is given by or results from all laws of the State of Nebraska pertaining to
<br />the exemption of homestead. And the Trustor covenants with the Trustee that he will forever warrant and defend the title
<br />to the same against the lawful claims of all persons whomsoever.
<br />IN TRUST, HOWEVER, for the following described purposes: WHEREAS, the Trustor did on this date execute
<br />a Promissory Note evidencing a loan for the principal sum of $43,600.00 and interest thereon according to the terms of said
<br />Promissory Note, being payable in monthly installments at such place as the Beneficiary may designate in writing from time
<br />to time. Notwithstanding any provision contained herein or in said Promissory Note to the contrary, if not sooner paid, all
<br />sums due and owing under the terms of said Note shall be paid on the 1st day of March, 2012.
<br />In the event of default, Beneficiary's remedies shall not be limited to those provided for herein. This Trust Deed
<br />may be foreclosed in the manner perscribed by law for foreclosure of mortgages.
<br />IT IS AGREED by and between the parties hereto that the Trustor shall: (1) pay all present and future taxes and
<br />assessments, general and special, against said property before the same become delinquent or actionable; (2) keep all
<br />improvements erected on the land insured as may be required from time to time by Beneficiary against loss by fire and other
<br />hazards, casualties and contingencies, in such amounts and for such periods as are reasonable and may be required by the
<br />Beneficiary, and to keep all policies of such insurance in force and effect and delivered to the Beneficiary, and naming
<br />Trustor and Beneficiary as loss payees, as their interests may appear; (3) pay and comply with all of the terms and conditions
<br />of any lien, claim or indebtedness that may be senior to and take precedence over this Trust Deed as soon as such payment
<br />on or of such lien, claim or indebtedness shall become due; and upon failure of the Trustor to keep any of said agreements,
<br />the said Beneficiary may pay such tax, pay for such insurance, or pay off any and all such liens, or indebtedness as the case
<br />may be, and money expended, with interest as provided by the terms of the aforementioned Promissory Note, shall be
<br />secured by this Trust Deed, and the Trustor agrees to pay the same upon demand, and upon failure to do so, the balance
<br />of said Promissory note shall become immediately due and payable at the option of the Beneficiary; (4) specifically confer
<br />upon the Trustee the Power of Sale as provided in Nebraska law; (5) retain possession of the premises and collect the rents
<br />and revenues therefrom; (6) maintain the Property in a condition of maintenance and repair such that the interest of Trustee
<br />and Beneficiary are not reduced in value through waste. Failure to comply with any of the foregoing provisions shall
<br />constitute an event of default under the terms of this Trust Deed.
<br />ABANDONMENT OF THE PROPERTY BY TRUSTOR. In the event that Trustor abandons the property, or
<br />if circumstances reasonably indicate that Trustor has abandoned the Property whether or not in connection with any other
<br />event of default, Beneficiary shall have the right, following filing of Notice of Default, to enter upon the premises for the
<br />purpose of securing the same and for carrying out any other measures necessary to protect and preserve the interests of
<br />the Beneficiary in and to the Property. Trustor specifically agrees to hold Trustee and Beneficiary and their employees,
<br />servants and agents harmless for any damages unavoidably inflicted upon the Property in connection with the exercise of
<br />rights arising under this Paragraph, and hereby waives any cause of action arising therefrom.
<br />Upon payment of all sums secured by this Trust Deed, the Beneficiary shall request the Trustee, in writing to
<br />reconvey the property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust Deed
<br />to the Trustee. Trustee shall reconvey the property without warranty to the person or persons legally entitled thereto; but
<br />if default be made in the payment of said Note or any part thereof or any of the interest thereon when due or in the faithful
<br />nerfnrmance of anv nr either of said aorPrmPntc nc afnraeniri rl, rl.A ..rt ^I- of —A XT_#_ . U_11 l.o .« a A_ --A 1... _'A
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