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<br />This Deed of Trust, hereinafter referred to as Security Instrument, is made on this 29th day of September, 2006.
<br />The Trustor, hereinafter referred to as Borrower, is Richard J. Curry and Melanie J. Curry, Husband and Wife,
<br />whose address is Hastings, Nebraska, 68901.
<br />The Trustee, hereinafter referred to as Trustee is Adams County Bank. The Beneficiary, hereinafter referred to as
<br />Lender, is 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 Hundred
<br />Seventy Five Thousand and No/100---------------------Dollars ($175,000.00). This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument, hereinafter referred to as Note, with the full debt, if not paid earlier, due
<br />and payable on December 1,2006. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced
<br />by Note(s), together with interest thereon, any further advances, and a1l extensions, modification, substitutions, and
<br />renewals thereof; (b) the payment of all other sums, with interest, advanced under Section Nine hereof to protect the
<br />security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with Power of
<br />Sale, the following described real estate:
<br />The North Half of the Southwest Quarter (N Y2 SW y..) of Section Thirty-Three (33), Township Nine (9) North,
<br />Range Ten (10) West of the 6th P.M., Hall County, Nebraska
<br />, which is located in Hall County, Nebraska, having the address of Doniphan, Nebraska, 68827,and is hereinafter
<br />referred to as "Property Address."
<br />Together with all the improvements now or hereafter erected on the property and a1l easements, rights,
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or
<br />hereafter a part of the said property. All replacements and additions shall also be covered by this Security Instrument. All
<br />ofthe 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 grant and
<br />convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and
<br />will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />Borrower and Lender covenant and agree as follows:
<br />1. TRUST DEEDS ACT. That this Trust Deed sha1l 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 shal1 pay to the Beneficiary the principal and interest under the terms of the
<br />Promissory Note(s).
<br />3. TAXES. That the Borrower shall pay all general real estate taxes and special assessments levied hereinafter
<br />against the property when the same become due and before the same become delinquent.
<br />4. INSURANCE. That the Borrower shall insure the property against loss by fire, hazards, included within the
<br />term "Extended Coverage" and any other hazards for which the Lender requires insurance in an amount not less than.Q.ae
<br />~9~ I1udth ed S",nnt, F;~e Tll6tl~and Rnd Do/lOg ------------Dollars (S17!i,QQQ.QQ)- with a company qualified in the State
<br />(lJ~ of Nebraska by a policy containing a clause for loss payable to the Beneficiary and the Borrower as their respective
<br />_~ interests exist at the time of the loss and to provide evidence of payment of the premium of said policy upon reasonable
<br />('Iv demand by the beneficiary.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shaH be applied to restoration or
<br />repair of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened,
<br />or the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />any excess paid to Borrower.
<br />If Borrower abandons the Property, or does not answer within thirty (30) days a notice from Lender that the
<br />insurance carrier has offered to settle a claim, then Lender may c01lect the insurance proceeds. Lender may use the
<br />proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or not then due.
<br />The thirty (30) day period will begin when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shaH not extend
<br />or postpone the due date of the payments referred to in Section 2 hereof, or change the amount of the payments. If the
<br />property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting from damage to the
<br />Property prior to the acquisition shaH pass to Lender to the extent of the sums secured by this Security Instrument
<br />immediately prior to the acquisition.
<br />5, WASTE. That the Borrower shall not commit or suffer any waste of the property.
<br />Removal of Improvements. Borrower sha1l not demolish or remove any improvements from the real property
<br />without Lendr's prior written consent. As a condition to the removal of any improvements, Lender may require Borrower
<br />to make arrangements satisfactory to Lender to replace such improvements with improvements of at least equal value.
<br />Borrower will maintain the farm during the time this Deed of Trust remains in effect, in as good as condition and
<br />repair as was when this instrument was executed, or is later improved. AdditionaHy, Borrower shall operate and maintain
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<br />DEED OF TRUST
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