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<br />DEED OF TRUST
<br />THISDEEDOFTRUST,madethls 21st day of November ,19~,byandamOng Bradley J. and Kristen
<br />L. Engel, [lUSband.vh~se%\~~gaddreSSIS(Street) Rt. III Box 23Y (City) Doniphan
<br />(State and Zip) Nebraska 68812 (herein "Trustor"); and Bank of Doni phan
<br />malllngaddressls(Street) P.O. Box B (City) Doniphan (StateandZIP)Nebraska
<br />(Herein "Trustee"); and Bank 0 f Doni phan , whose mailing address is (Street)
<br />Box B (City) Doniphan (State and Zip) Nebraska 68832 ,(herein "Beneficiary").
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<br />FOR VALUABLE CONSIDERATION, Including the indebtedness Identified herein and the trust herein created, the rsceipt of which Is hereby
<br />acknowllidged, Trustor Irrevocably grants, transfers, conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and secur.
<br />Ity of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real property described as follows:
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<br />Lot Fifteen (15) Pioneer Acre,s Subdivision,
<br />Hall County, Nebraska.
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<br />TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the real property; all leases or subleases covering the real
<br />property or any portion thereof, now or hereafter existing or entered Into, and all right, title and interest of Trustor thereunder; all interests, estate or
<br />other claims, both In law and In equity, which Trustor now has or may hereafter acquire in the real property; all easements, rlghts.of.way, tene-
<br />ments. hereditaments and appurtenances thereof and thereto; all oil and gas rights and profits, water rights and water stock; all right, title ani!
<br />interest of Trustor, now owned or hereafter acquired, in and to any land lying within the right-of-way of any st'eet or highway adjoining the real
<br />property, any and all buildings, fixtures, improvements, and appurtenances now or hereafter erected thereol. or belonging thereto, (herein
<br />referred to as "Improvement" or Improvements"); and any and all awards made for the taking by eminent domain, or by any proceeding or pur.
<br />chase in lieu thereof, of the whole or any part of the real property.
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<br />All of the foregoing estate, property and Interest hereby conveyed to Trustee herein collectively referred to as the "Property".
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<br />THIS DEED OF TRUST SHALL SECURE: '
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<br />(a) The payment of Indebtedness evidenced by Trustor's note of even date herewith in the principle sum of Fi ft y Fi ve Thousand
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<br />Dollars ($ 55.000.00 ), together with interest at the rate or rates provided therein, (herein, together with any and all
<br />renewals, modifications, and extensions thereof, referred to as the "Note") both principal and Interest on the Note being payable in accordance
<br />with the terms set forth therein. reference to which Is hereby made,lhe final payme.Qt'ff pr4r\Gi,Aal and Interest, if not sooner paid and If no
<br />renewals, modifications or extensions are made, due and payable on .I'; 0 V e fiDe r L . ,1. 'j'J"i. .
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<br />(b) The performance of each agreement and covenant of Trustor herein contained; and
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<br />(c) The payment of any sum or sums of money with Interest thereon which may be hereafter paid or advanced under the terms of this Deed of
<br />Trust.
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<br />(d) The ~ayment of any future advances necessary to protect the security or any future advance made at the option of the parties; and
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<br />(e) The performance of an obligation of any other person named In this Trust Deed to a beneficiary.
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<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS:
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<br />1. pa,nient 01 Prlncfpaf and Int_t. Trustor shall promptly pay when due the principal of and interest on the indebtedness evidenced by the
<br />Note, and all other charges and fees as provided In the Note, and the principal of and interest on any Future Advances secured by this Deed of Trust
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<br />2. WananIr 01 TItle. Trustor Is lawfully seized and possessed of good and indefeasible title and estate to the Property hereby conveyed and has
<br />the right to grant and convey the Property; the Property Is free and clear of all liens and encumbrances except liens now of record; and Trustor
<br />will warrant and defend the title to the Property against all claims and demands.
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<br />3. Maintenance and Compliance wlth La... Trustor shall keep the Property in good condition and repair and shall not commit waste or permit
<br />Impairment or deterioration of the Property and shall comply with the provisions of any lease if this Deed of Trust Is on a leasehold, No Improve-
<br />ment, now or hereafter erected upon the Property shall be altered, removed or demolished without the prior written consent of Beneficiary. Trustor
<br />,shall comply with all laws, ordinances, regulations, covenants, conditions and restrlctioils affecting the Property and not commit, suffer. or per.
<br />mlt any act to be done In or upon the Property In violation of any law, ordinance, regulation, covenant, condition or restriction. Trustor shall com.
<br />plete or restore promptly and In good workmanlike manner any Improvement on the Property which may be damaged or destroyed and pay, when
<br />due, all claims for labor perform lid and materials furnished therefore and for any alterations thereof.
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<br />".Inaurance. Trustor, at Its expense, will maintain with Insurors approved by Beneficiary, Insurance with respect to the Improvements and per.
<br />sonal property, constituting the Property, against loss by fire, lightning, tornado. and other perils and hazards covered by standard extended
<br />coverage endorsement, In an amount equal to at least one hundred percent of the full replacement value thereof and Insurance against such
<br />other hazards and In such amounts as Is customarily carried by owners and operators of similar properties or as Beneficiary may require for Its
<br />protection. Trustor will comply with such other requirements as Beneficiary may from time to time request for the protection by Insurance of the
<br />Interests of the respective parties. All insurance policies malnlalned pursuant to this Deed of Trust shall name Trustor and Beneficiary as In.
<br />sureds, as their respective Interests may appear, and provide that there shall be no cancellation or modification without any less than 15 days
<br />prior written notification to Trustee and Beneficiary. In the event any polley hereunder is not renewed on or before 15 days prior to Its expiration
<br />date, Trustee or Beneficiary may procure such Insurance In accordance with the provisions of paragraph 7 hereof. Trustor shall deliver to
<br />Beneficiary the original pOlicies of Insurance and renewals thereof or memo copies of such policies and renewals thereof. Failure to furnish
<br />such Insurance by Trustor, or renewals as required hereunder shall, at the option of Beneficiary, constitute a default.
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<br />S. Talla.. A.....ment.. end Charg... Trustor shall pay all taxes, assessments and other charges, Including, wllhoutllmltatlon, fines and 1m.
<br />positions attributable to the Property, and leasehold payments or ground rents, if any, before the same become dellquent. Trustor shall promptly
<br />furnish to Beneficiary all notices of amounts due under this paragraph, and in the event Trustor shall make payment directly, Trustor shall prompt.
<br />ly furnish to Beneficiary receipts eVidencing such payments. Trustor shall pay all taxes and assessments which may be levied upon
<br />Beneficiary's Interest herein or upon this Deed of Trust without regard to any law that may be enacted Imposing payment of the whole or any
<br />part thereof upon the Beneficiary.
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