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<br />20061151'1
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<br />Deed of Trust and Security Agreement
<br />(Nebraska)
<br />
<br />This Trust Deed, made this 27th day of December, 2006, between Doyle L. Hulme and Kay V. Hulme, husband and
<br />wife, whose address is 6505 Saltgrass Court, Lincoln, Nebraska, 68521, Trustor, and Bruce I. Smith, Attorney at Law,
<br />whose address is P. O. Box 790, Grand Island, NE 68802, Trustee,
<br />
<br />Witnesseth: That Whereas, Trustor has executed one certain Deed of Trust Note bearing even date herewith and drawn
<br />to the order of Metropolitan Life Insurance Company, hereinafter called Beneficiary, for the principal sum of--- THREE
<br />HUNDRED THOUSAND---Dollars ($300,000.00), payable in lawful money of the United States which shall be legal
<br />tender in payment of all debts and dues, public and private, at the time of payment, payable in installments, the final
<br />installment due January 1, 2026, with interest thereon from the date of disbursement as therein provided.
<br />
<br />And Whereas, Trustor is desirous of securing the prompt payment of said Deed of Trust Note and all interest and charges
<br />thereon, in whose hands soever the same may be.
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<br />Now, therefore, Trustor, in consideration of the premises, and for the purpose aforesaid, hath granted, bargained, sold,
<br />and conveyed, and hereby does grant, bargain, sell and convey unto the Trustee, in trust, with power of sale, pursuant to
<br />the Nebraska Trust Deeds Act (Section 76-1001 et. seq.), all the following described real estate, premises and
<br />property, situate in the County of Hall and State of Nebraska, to wit:
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<br />The Southwest Quarter of Section Thirty-two, Township Twelve North, Range Twelve West of the Sixth Principal
<br />Meridian, Hall County, Nebraska, EXCEPTING a certain tract more particularly described in Warranty Deed filed
<br />September 29, 1884 in Book 3, Page 258.
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<br />The West Half of the Northeast Quarter of the Northwest Quarter of Section Five, Township Eleven North, Range
<br />Twelve West of the Sixth Principal Meridian, Hall County, Nebraska.
<br />
<br />The West Half of the Northwest Quarter of Section Five, Township Eleven North, Range Twelve West of the Sixth
<br />Principal Meridian, Hall County, Nebraska.
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<br />Together with all and singular tenements, hereditaments, privileges and appurtenances, now or hereafter located upon or
<br />belonging to or in anywise appertaining to the above described property, or any part thereof, including any right of
<br />homestead and every contingent right or estate therein.
<br />
<br />The Note secured hereby expressly provides that the holder thereof may at its option change or adjust the interest rates
<br />set forth therein.
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<br />It is agreed that all irrigation pumps, motors, engines pipes, sprinklers, control panels and accessories, and all other
<br />irrigation equipment together with all water and watering rights of every kind and description, and all improvements,
<br />fixtures and appurtenances connected therewith now or hereafter placed or installed on said premises shall be
<br />construed as affixed to and a part of the real estate hereinabove described and subject to all of the provisions of this
<br />Deed of Trust.
<br />
<br />The Note secured by this Deed of Trust is further secured by a Financing Statements dated March 20, 2001 and
<br />Security Agreement of even date herewith, covering all equipment, improvements, fixtures and appurtenances as
<br />described in said Financing Statement and Security Agreement.
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