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Deed of Trust 200203199
<br />(Nebraska)
<br />This Trust Deed, made this 18th day of March, 2002 between David R. Brown and Joan M. Brown, husband and wife,
<br />whose address is 4475 South 90th Road, Wood River, NE, 68883 -9653 Trustor, and Bruce I. Smith, Attorney at Law,
<br />whose address is P. O. Box 790, Grand Island, NE 68802, Trustee,
<br />Witnesseth: That Whereas, Trustor has executed one certain Deed of Trust Note bearing even date herewith and drawn to
<br />the order of Security First Life Insurance Company by Metropolitan Life Insurance Company, hereinafter called
<br />Beneficiary, for the principal sum of- - -FIVE HUNDRED FIFTY THOUSAND -- Dollars ($550,000.00), payable in
<br />lawful money of the United States which shall be legal tender in payment of all debts and dues, public and private, at the
<br />time of payment, payable in installments, the final installment due March 15, 2022, with interest thereon from the date of
<br />disbursement as therein provided.
<br />And Whereas, Trustor is desirous of securing the prompt payment of said Deed of Trust Note and all interest and charges
<br />thereon, in whose hands soever the same may be.
<br />Now, therefore, Trustor, in consideration of the premises, and for the purpose aforesaid, hath granted, bargained, sold,
<br />and conveyed, and hereby does grant, bargain, sell and convey unto the Trustee, in trust, with power of sale, pursuant to
<br />the Nebraska Trust Deeds Act (Section 76 -1001 et. seq.), all the following described real estate, premises and property,
<br />situate in the County of Hall and State of Nebraska, to wit:
<br />The Northwest Quarter of Section One, and the North Half of the Northeast Quarter and the Southeast Quarter of the
<br />Northeast Quarter, both Section Two, all in Township Ten North, Range Eleven West of the Sixth Principal Meridian,
<br />Hall County, Nebraska, together with all crops grown thereon, EXCEPTING a tract of land more particularly
<br />described as Brown Subdivision, Hall County, Nebraska recorded as Document No. 99- 107019.
<br />The Northeast Quarter of Section Thirty-six, in Township Eleven North, Range Twelve West of the Sixth Principal
<br />Meridian, in Hall County, Nebraska, together with all crops grown thereon, EXCEPTING a certain tract therefrom as
<br />recorded in Quit Claim Deed in Book 79, Page 608 in the Register of Deeds Office; AND EXCEPTING a certain tract
<br />therefrom as recorded in Warranty Deed in Book 119, Page 147, in the Register of Deeds Office; AND ALSO
<br />EXCEPTING a certain tract therefrom as recorded in Quit Claim Deed in Book 150, Page 403 in the Register of Deeds
<br />Office.
<br />The Note secured hereby expressly provides that the holder thereof may at its option change or adjust the interest rates
<br />set forth therein.
<br />It is agreed that all irrigation pumps, motors, engines pipes, sprinklers, control panels and accessories, and all other
<br />irrigation equipment together with all water and watering rights of every kind and description, and all improvements,
<br />fixtures and appurtenances connected therewith now or hereafter placed or installed on said premises shall be construed
<br />as affixed to and a part of the real estate hereinabove described and subject to all of the provisions of this Deed of
<br />Trust.
<br />The Note secured by this Deed of Trust is further secured by a Financing Statement and Security Agreement of even
<br />date herewith, covering all equipment, improvements, fixtures and appurtenances as described in said Financing
<br />Statement and Security Agreement.
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