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' his Deed of Trust, hereinnafter referred to --as Security Instrument, is made on wkis 20'1' day of
<br />November, 2003. The Trustor, hereinafter referred to as Borrower, is Brian M. Harrenstein and Amanda J. /--5:S
<br />Harrenstein, Husband and Wife, whose address is 12987 S. Blaine St., Doniphan NE 68832. The Trustee, °
<br />hereinafter referred to as Trustee is Adams County Bank. The Beneficiary, hereinafter referred to as Lender, is
<br />Adams County Bank, which is organized and existing under the laws of the State of Nebraska, and whose
<br />address is Kenesaw, County of Adams, State of Nebraska. Borrower owes Lender the principal sum of One
<br />Hundred Thousand and NO /100-------------- - - - - -- Dollars ($100,000.00). This debt is evidenced by
<br />Borrower's note dated the same date as this Security Instrument, hereinafter referred to as Note, with the full
<br />debt, if not paid earlier, due and payable on December 1, 2008. This Security Instrument secures to Lender:
<br />(a) the repayment of the debt evidenced by Note(s), together with interest thereon, any further advances, and all
<br />extensions, modification, substitutions, and renewals thereof; (b) the payment of all other sums, with interest,
<br />advanced under Section Nine hereof to protect the security of this Security Instrument; and (c) the performance
<br />of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose,
<br />Borrower irrevocably grants and conveys to Trustee, in trust, with Power of Sale, the following described real
<br />estate:
<br />The North East Quarter (NE 1/4), Section Twenty -Four (24), Township Nine (9), Range Ten (10) West of
<br />the 6t1i P.M., Hall County, Nebraska
<br />which is located in Hall County, Nebraska, having the address of Rural, Nebraska and is hereinafter referred
<br />to as "Property Address.”
<br />Together with all the improvements now or hereafter erected on the property and all easements, rights,
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures
<br />now or hereafter a part of the said property. All replacements and additions shall also be covered by this
<br />Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property ".
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />any encumbrances of record. Borrower and Lender covenant and agree as follows:
<br />1. TRUST DEEDS ACT. That this Trust Deed shall be governed by the terms of Section 76 -1001, and
<br />following, of the Revised Statutes of the State of Nebraska, also known as the Nebraska Trust Deeds Act.
<br />2. PAYMENT. That the Borrower shall pay to the Beneficiary the principal and interest under the
<br />terms of the Promissory Note(s).
<br />3. TAXES. That the Borrower shall pay all general real estate taxes and special assessments levied
<br />hereinafter against the property when the same become due and before the same become delinquent.
<br />4. INSURANCE. That the Borrower shall insure the nropertv,.against loss by fire, la�azards,.inctl.uded -_ -.
<br />-- - - --
<br />within the term "Extended Coverage" and any o they h azards f or w hick the Lender requires insurance in an
<br />amount not less than N/A ($0.00) with a company qualified in the State of Nebraska by a
<br />policy containing a clause for loss payable to the Beneficiary and the Borrower as their respective interests exist
<br />at t he t ime o f t he 1 oss a nd t o p rovide e vidence of p aynient o f t he p remiurn o f s aid p olicy upon r easonable
<br />demand by the beneficiary.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to
<br />restoration or repair of the Property damaged, if the restoration or repair is economically feasible and Lender's
<br />security is not lessened, or the insurance proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower.
<br />If Borrower abandons the Property, or does not answer within thirty (30) days a notice from Lender that
<br />the insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. Lender may
<br />use the proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or
<br />not then due. The thirty (30) day period will begin when the notice is given.
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<br />200505256
<br />DEED OF TRUST
<br />' his Deed of Trust, hereinnafter referred to --as Security Instrument, is made on wkis 20'1' day of
<br />November, 2003. The Trustor, hereinafter referred to as Borrower, is Brian M. Harrenstein and Amanda J. /--5:S
<br />Harrenstein, Husband and Wife, whose address is 12987 S. Blaine St., Doniphan NE 68832. The Trustee, °
<br />hereinafter referred to as Trustee is Adams County Bank. The Beneficiary, hereinafter referred to as Lender, is
<br />Adams County Bank, which is organized and existing under the laws of the State of Nebraska, and whose
<br />address is Kenesaw, County of Adams, State of Nebraska. Borrower owes Lender the principal sum of One
<br />Hundred Thousand and NO /100-------------- - - - - -- Dollars ($100,000.00). This debt is evidenced by
<br />Borrower's note dated the same date as this Security Instrument, hereinafter referred to as Note, with the full
<br />debt, if not paid earlier, due and payable on December 1, 2008. This Security Instrument secures to Lender:
<br />(a) the repayment of the debt evidenced by Note(s), together with interest thereon, any further advances, and all
<br />extensions, modification, substitutions, and renewals thereof; (b) the payment of all other sums, with interest,
<br />advanced under Section Nine hereof to protect the security of this Security Instrument; and (c) the performance
<br />of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose,
<br />Borrower irrevocably grants and conveys to Trustee, in trust, with Power of Sale, the following described real
<br />estate:
<br />The North East Quarter (NE 1/4), Section Twenty -Four (24), Township Nine (9), Range Ten (10) West of
<br />the 6t1i P.M., Hall County, Nebraska
<br />which is located in Hall County, Nebraska, having the address of Rural, Nebraska and is hereinafter referred
<br />to as "Property Address.”
<br />Together with all the improvements now or hereafter erected on the property and all easements, rights,
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures
<br />now or hereafter a part of the said property. All replacements and additions shall also be covered by this
<br />Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property ".
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />any encumbrances of record. Borrower and Lender covenant and agree as follows:
<br />1. TRUST DEEDS ACT. That this Trust Deed shall be governed by the terms of Section 76 -1001, and
<br />following, of the Revised Statutes of the State of Nebraska, also known as the Nebraska Trust Deeds Act.
<br />2. PAYMENT. That the Borrower shall pay to the Beneficiary the principal and interest under the
<br />terms of the Promissory Note(s).
<br />3. TAXES. That the Borrower shall pay all general real estate taxes and special assessments levied
<br />hereinafter against the property when the same become due and before the same become delinquent.
<br />4. INSURANCE. That the Borrower shall insure the nropertv,.against loss by fire, la�azards,.inctl.uded -_ -.
<br />-- - - --
<br />within the term "Extended Coverage" and any o they h azards f or w hick the Lender requires insurance in an
<br />amount not less than N/A ($0.00) with a company qualified in the State of Nebraska by a
<br />policy containing a clause for loss payable to the Beneficiary and the Borrower as their respective interests exist
<br />at t he t ime o f t he 1 oss a nd t o p rovide e vidence of p aynient o f t he p remiurn o f s aid p olicy upon r easonable
<br />demand by the beneficiary.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to
<br />restoration or repair of the Property damaged, if the restoration or repair is economically feasible and Lender's
<br />security is not lessened, or the insurance proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower.
<br />If Borrower abandons the Property, or does not answer within thirty (30) days a notice from Lender that
<br />the insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. Lender may
<br />use the proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or
<br />not then due. The thirty (30) day period will begin when the notice is given.
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