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Tract 4 -The NW 1/4 of Section 20, Township 9 North, Range 12 West of the 6th P.M., 200203523 Hall County, Nebraska. It Is underst ood and agreed between Trustorls) and Beneficiary that this T rust Deed is given to secure the repayment in full of the following described at promissory notelsl. and all future and additional loans or advances, protective or othse, interest the eon, ads ll by Beneficiary, at to Nip terms the of, and to or for the account of Troetorlsl, or any V purpose, p of the mme(sl or other instruments) modifying the same. Date of Note Pr Amount �a266£ azu 0611411990 125,000.00 06/1411990 237,000.00 This Trust Dead will bo 6111 March 01 2022. Trustorls) hereby warrants that Trustorlsl holds foe simple title to the above described property, that Treaters) has good and lawful authority to deed and encumber did same, that the properly Is free and clear of all liens and encumbrances, except encumbrances of record, and that Trustorls) warrant and defend the property, at Trustorls)] .P pems too moat -11 claimants the above described ntrad prop usttees) also hereby Ives and relinquishes all Ihins of dower, homestead, dlstdbutive share, an p 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. Trusters) and each of them further covenants and agrees with Beneficiary as 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 and as additional security to this Trust Deed, including those In or on public domain 1 c insure and keep Insured buildinge 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 and 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 it not so applied may be applied, at the option of Beneficiary, in payment of any Indebtedness matured or unmatured secured by this Trust Dead. Such insurance will be ant at least equal to the lesser of the loan balance, the actual cash value of the collateral, or the replacement cost of the property, and wI, at a minimum, cover losses caused by fire, lightning, explosion, riot, aircraft, vehicles, vandalism, civil commotion, smoke, wlndsleme, and hall. Trustorlsl will obtain and keep flood In-ursed. in force to cover losses by flood as required by Beneficiary and by the National Flood Insurance Act of 1 Sea, a amended, and by regulations implementing the same. Trustorsl further agree that Beneficiary Is not and will not be liable for an y failu s re by Trusterls) or by any Insurer, for whatever reason, to obtain and keep this Insurance in force. 3. To keep all buildings, fixtures, attachments, and other improvements now on or hereafter placed an the property occupied and in good r.paiq maintenance, and co i,firl 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, eats aonerniod Fannie or In the loan agreements). a essmenls, taxes, rents, fees, or charges or maintain any Insurance an the property. _. _.__. ,.. ....,.n n =.I=.� �_., ��., ante iimnmems. a bo ildings, fixtures. attachrnents,oNmprevements as Provieeo nerninw m nn�,ua��=uvo,,, =�,.r„•..... • - °p ��- pa --. - -- . or provide ins'uranc maintenance, or repairs and any am ants paid thumfor will become pert of lho ci intlebtatlness secured hereby, be mmediately due and payable and bear Interest at the default rete provided In the notelsl from the data of payment until paid. The advancement by IBaneficiary of any such amounts will in no manner limit the right of Beneficiary to declare Trustorls) in default or exercise any of Beneficiary's other 'ghts and remedies. ludic any action b Beneficiary to 6. In the event eenelidary is a party to any Gtigution affecting the property or the lien of this Trust a Deed, including V Y enforce this Trust Deod or any s ¢ in which Bembclary Is named a tlefeees (t lithe extent condemnation and bankruptcy ses, apt rats Beneficiary may Incur expenses and advance payments for obe[raet fees, attorneys fens Ire the extent weer tl by law), costs, expenses, appraisal fees, and other charges and any amounts so advanced will berome par[ of the principal indebtedness secured hereby, be immediately out and payable and be interest at the default rate provided in the notelsl loom the date of advance until paid. and Beneficiar is 6. Any awards lade to Trustorlsl or their successors by the exercise of eminent domain are hereby assigned to Beneficiary; Y hereby authdnzcJ to collect and eDPly the same in Payment of any concordat, mature or unmounted, secured by this Trust Deed. ]. In the event of default In the payment when due of any sums secured hereby (principal, interest, advancements, or protective advances), or failure to perform or observe any covenants and conditions cnntainetl herein, mthe hi loan agreernontls), or any other Instruments, or any proceedings is brougM1[ antler any Bankruptcy laws, eeneticiary, at its option, may declare the entire indebtedness secured hereby to be immediately due and P& yable end the whole will bear interest at the default ate as vvrovitletl in the noted,) and Beneficiary may Immediate) eu[horlze Trustee to exercise the Power of Sele yranted healn In the manner provided In th Nebraska Trust Deeds Act, or, at the option of the ©stationary, may foreclose the True, Deed in the manner provided by law for the fordo Insure of mot?ages on real property, Including the apintment of a Receiver upon ex party p (cation, notice being hereby expressly waived, without eager d to the value of the property or the sufficiently thereof to discharge the indebtedness secured hereby or in the loan agreementls). Delay by Beneficiary in exercising its rights upon default will not be construed as a waiver thereof and any act of Beneficiary waHinpp any specified default will net be construed as a waiver of any future default. If the proceeds under such sale or foreclosure are insufficient to pay the total Indebtedness secured hereby, Trustorlsl do hereby agree to be personally bound to pay the unpaid balance, and Beneficiary will be entitled to a deficiency lodgment. and deliver ro S. Should Bensfvery elect to exercise the Power of Sale granted herein, Beneficiary will notify Trustee who will record, publish, Trouble) such Nonce of Default and Notice of Sale as then required by law and will in the manner provided by law, sell the property et the time and plec, of sale fixed In the Notice of Sale, either as a whole or In separate lots, parcels, or gems and In such order as Trustee will deem expedient. Any person may bid at the sale including Trustorlsl, Trustee, or Beneffioiary. 9. Trusturlsl hereby requests a copy of any Notice of Default or Notice of Sale hereunder to be mailed by certified mail to Theoretic) at the eddresslcsl et forth herein. 10. UV0 default, Be neflcIary, either in person or by agent, with or without bringing y action i proceeding and with or without regard to the value of the Property or the arun cieheey thereof m dcscharge the intlebtatlness secured hereby, n aany more and entitled to enter upon and take possession of the property in Its own tam or In the name of the Trustee and do any acts or expend any sums it deems necessary or desirable to protect or preserve the value of the property or any InieresY therein, d se the income therefrom; and with or without taking possession of the property Is authorized to sue for or otherwise collect the rents, Issues, crops, rprofit., and income thereof, Including those pact due and unpaid, and apply [he same upon any indebtedness aecuretl hereby or in the loan ago trots). No ercicdy herein 'od.irad upon or rose red ro Trustee or Benra'iclary is Intended to be exclusive of any other remedy herein or by law provided or permitted, but each will be cumulative will be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity y ,tat Gte. and immay ba axe rc'ISad COIIGUrIUrllly, ledependently G! sUCcesibehly. 11. Truan. rl al acknowledges that the duties and obligations of Tmarea will be determined solely by the express provisions of this Trust Deed or the Nebrea ka Trust Dceda Act and Trustee will not he liable except for the performance of such debts and obligations as are specifically set forth therein, and no Implied covenants dr obligations will be imposed upon Trustee; Trustee will nut be liable for any action by rt m good faith and a.. nabs, believed by It to be authorized or within the discretion or rights of powers contarred upon it by this Trust Deed or state law. 12. The In,as, and re she nsibility of Trusturlsl r, ns<itu[es a par[ of the consideration for the obligations secured hereby. Should Trustorls) sell, transfer, or convey the property described hereiry without Prior written consent of Beneficiary. Beneficiary, at its option, may declare the entire inde"ar nar,, Immediately due and payable and nay proceed in the enforcement of its rights on any other default. 1fe Assignment n Rents including Proceeds of Minerel Lee,es. T rosters) hereby assigns, transfers, and conveys to Beneficiary all rents, royalties, bonuses', and rM move or other o mceeds that may from time to time become due and payable under any real estate lipase or under any oil, gas, gravel, rock, o other re oral lease f any kind Including geothermal resources now existing or that may hereafter come into existence, covering the property or any part thereof. All such sums so received by Beneficiary will be applied to the indebtedness secured hereby; or Beneficiary, t its option, nay turn over and deliver to Trearntial or their successors in interest, any or all of such sums without prejudice to any of Beneficiary's rights to take and retain future sums, and vu hoot Prejudice to any of its other rights under this Trust Deed. This assignment will be construed to be a provision for the payment or reduction of the debt, subject to the Beneficiary's option as handicrafter, provided, independent of the Ilen on the property. Upon payment In full of the debt and toe recono. ari of this Trust Dead of record, this assignment will become inoperative and of no further force and effect. 14. This Trust Deetl ocriv, uthe a Security Agreement with respect to all the property described herein. 15. The covenants contained in this Trust Deed will be deemed to be severable; in the event that any portion of this Trust Deed Is determined to be void or unenforceable, that determination will not affect the validity of the remaining portions of the Trust Deed. Ad p: 00256678: Primary Customer ID B: 00045929; CIF #: 51357 Legal Due, Date: April 01, 2002 FORM 5011, Trust Deed and Assignment of Rents Paga 2