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DEED OF TRUST
<br />Loan No: 19462 20&4"4 (Continued) 20 0.120 5 4 000 Page 6
<br />Event of Default. The words "Event cf Default" can any of the events of default set forth in this Deed of Trust in the events of default
<br />sector of this Dead of Trust.
<br />Guaranty. The word "Guaranty" means the guaranty from guarantor, endorser, surety, or accommodation party to Lender, including without
<br />limitation a guaranty of all or part of the Note.
<br />Hazardous Substances. The words "Hazardous Substances" mean materials that, because of their qua mly, concentration or physical,
<br />chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment when improperly
<br />used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words "Hazardous Substances" are
<br />used in their very broadest sense and include without limitation any and all hazardous or toxic substances, materials or waste as defined by
<br />or listed under the Environmental Laws. The term "Hazardous Substances" also includes, without limitation, petroleum and petroleum
<br />by— products or any fraction thereof and asbestos.
<br />Improvements. The word "Improvements" means all existing and future improvements, buildings, structures, mobile homes affixed on the
<br />Real Property, facilities, additions, replacements and other construction on the Real Property.
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the Note or
<br />Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the Note or Related
<br />Documents and any amounts expended or advanced by Lender to discharge Trustor's obligations or expenses Incurred by Trustee or
<br />Lender to enfor a Trstv's obligafcrz under this Deed c: Trost, togei dil- in'aras: ca such amounts as provided In this Deed cf Trust.
<br />Lender. The word "Lender" means Farmers State Dank, its successors and assigns. The words "successors or assigns" mean any person
<br />or company that acquires any interest in the Note.
<br />Note. The word "Note" means the promissory note dated May 15, 2002, in the original principal amount of $33,000.00 from
<br />Trustor to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and substitutions for the
<br />promissory note or agreement.
<br />Personal Property. The words "Personal Property' mean all equipment, fixtures, and other articles of personal property now or hereafter
<br />owned by Truster, and now or hereafter attached or affixed to the Real Property; together with all accessions, parts, and additions to, all
<br />replacements of, and all substitutions for, any of such property; and together with all proceeds (Including without limitation all insurance
<br />proceeds and refunds of premiums) from any sale or other disposition of the Property.
<br />Property. The word "Property" means collectively the Real Property and the Personal Property.
<br />Real Property. The words "Heal Property" mean the real property, interests and rights, as further described in this Dead of Trust.
<br />Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
<br />agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments,
<br />agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.
<br />Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and other benefits derived from the
<br />Property.
<br />Trustee. The word'Trushe" means Farmers State Bank, whose address is P. O. Box 246, Sliver Creek, NE 68663-0246 and any substitute
<br />or successor trustees.
<br />Trustor. The word 'Truster" means Dale Semm and Diane Semm.
<br />EACH TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND EACH TRUSTOR AGREES TO
<br />ITS TERMS.
<br />TRUSTOR:
<br />C
<br />Oele Semm, individually
<br />Diane Semm, individually
<br />INUIVIUUAL AI:KNUWLtLRmMtN I
<br />STATE OF _ I
<br />AAAA� )SS
<br />COUNTY OF
<br />On this day before me, the undersigned Notary Public, personally appeared Dale Semm and Diane Semm, husband and wife as joint debtors,
<br />to me known to be the individuals described in and who executed the Deed of Trust, and acknowledged that they signed the Deed of Trust as
<br />their free and voluntary act and deed, for the uses and purposes therein mentione
<br />Given under my hand and official seal this _� day of , 20
<br />BY
<br />I - Natal j Public !Kslid for Lis Slas of � l
<br />G[ NERALNUTARYStaeol NebrasM Residing at
<br />lit KRIS ANN WILLIAMS My commission expires 4 - -�
<br />By com.Na Em. 8- 164001
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