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200289642 Lot Eight (8), Block Eleven (11) in Packer and Barr's Addition to the City of Grand Island, Hall County, Nebraska. TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining roads, streets and alleys, improvements and buildings of any kind situated thereon and all personal property that may be or hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all water rights. The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate ". FOR THE PURPOSE OF SECURING: a. Payment of indebtedness in the total principal amount of 829,625.00, with interest thereon at the rate of Seven Percent (70 %) per annum, as evidenced by that certain promissory note of even date (the "Note'), executed by Truster, which has been delivered and is payable to the order of Beneficiary, and which by this reference is hereby made a pan hereof, and any and all modifications, extensions and renewals thereof, and b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of Fourteen Percent (14 0%) per annum, and c. The performance of Trustor's covenants and agreements. This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments ". d. Prepayment. There shall be no penalty to the Buyers for prepayment of principal amounts. This shall not excuse the Buyers from making the next regular scheduled payment. 1'0 PROTECT THE SECURITY OF THIS DEED OF TRUST 1. PAYMENT OF INDEBTEDNESS. 'Trustor shall pay when due the principal of, and the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as provided in the Loan Instruments. 2. TAXES. Truster shall pay each installment of all taxes and special assessments of every kind, now or hereafter levied against the Trust Estate or any pan thereof, before delinquency, without notice or demand, and shall provide Beneficiary with evidence of the payment of same. Trustor shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed of Trust or the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any pan thereof upon the Beneficiary. 3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage insurance insuring the improvements and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid principal balance of the Note (Co- insurance not exceeding 80% permitted). Such insurance policy shall contain a standard mortgage clause in favor of Beneficiary and shall not be cancelable, terminable or modifiable without ten (10) days prior written notice to Beneficiary, Trustor shall promptly repair, maintain, and replace the Trust Estate or any part thereof so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate. 4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee, and shall pay all costs and expenses, including cost of evidence of title and attorney's fees, in any such action or proceeding in which Beneficiary or Trustee may appear. Should Trustor fail to make any payment or to do any act as and in the manner provided in any of the Loan Instruments, Beneficiary and /or Trustee, each in its own discretion, without obligation so to do and without notice to or demand upon Trustor and without releasing Trustor from any