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<br /> TRUST DEED
<br />
<br />THIS DEED OF TRUST is made on March 14,2007. The Trustors are Doyle M. Rathman
<br />-and Regina J. Rathman, husband and wife, (collectively "Borrower"). The Trustee is Denise D.
<br />Myers, of Lauritsen, Brownell, Brostrom, Stehlik, Myers & Daugherty, 724 W. Koenig Street, Grand
<br />Island, Nebraska 68801, ("Trustee"). The beneficiaries are Merlin Rathman and Maxine Rathman
<br />as Trustees of the Rathman Family Trust,-11555 W. Guenther Rd., Wood River, NE 68883,
<br />("Lender"). Borrower owes Lender the principal sum of One Hundred Sixty Five Thousand and
<br />00/100 Dollars ($165,000.00). This debt is evidenced by Borrower's note dated the same date
<br />as this Security Instrument ("Note"), which provides for payment of principal, plus accrued interest
<br />in annual payments. The Deed of Trust (sometimes referred to herein as "security instrument")
<br />secures to Lender: (a) the repayment of the debt evidenced by the Note, and all renewals,
<br />extensions and modifications; (b) the payment of all other sums advanced under paragraph 4 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants
<br />and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust,
<br />with power of sale, the following described property located in Hall County, Nebraska:
<br />
<br />A tract of land comprising the North Half of the Southwest Quarter (N1/2SW1/4)
<br />and a portion of the South Half of the Northwest Quarter (S1/2NW1/4) of Section
<br />Nineteen (19), Township Ten (10) North, Range Ten (10), Westofthe 6th P.M., Hall
<br />County, Nebraska, more particularly described as: Beginning at the southwest
<br />corner of the Northwest Quarter (NW1/4); thence N 00000'00" E on and upon the
<br />west line of said Northwest Quarter (NW1/4) a distance of One Hundred Twenty
<br />and Ninety Four Hundredths (120.94) feet to a point; thence N 81031'29" E a
<br />distance of Three Hundred Ninety (390.00) feet to a point; thence N 51042'18" E
<br />a distance of One Hundred Thirty and Twenty Nine Hundredths (130.29) feet to a
<br />point; thence N 04042'15" E a distance of Two Hundred Seventeen and Forty
<br />Three Hundredths (217.43) feet to a point; thence N 00000'00" E a distance of Two
<br />Hundred Seventy Seven and Eighty Four Hundredths (277.84) feet to a point;
<br />thence N 89027'55" E a distance of One Thousand Nine Hundred Sixty Seven and
<br />Forty Seven Hundredths (1967.47) feet to a pointon the east line of said Northwest
<br />Quarter (NW1/4); thence S 01003'33" E on and upon the east line of the west half
<br />of said Section Nineteen (19), a distance of Two Thousand Seventy Three and
<br />Fifty Six Hundredths (2073.56) feet to the southeast corner of said North Half of
<br />the Southwest Quarter (N1/2SW1/4); thence S 89032'22" W on and upon the
<br />South line of said North Half of the Southwest Quarter (N1/2SW1/4) a distance of
<br />Two Thousand Four Hundred Eighty Nine and Eighty One Hundredths (2489.81)
<br />feet to the southwest corner of said North Half of the Southwest Quarter
<br />(N1/2SW1/4); thence N 00036'13" E on and upon the west line of said North Half
<br />of the Southwest Quarter (N1/2SW1/4) a distance of One Thousand Three
<br />Hundred Twenty One and Thirty One (1321.31) feet to the point of beginning.
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water
<br />rights and stock and all fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in
<br />this Security Instrument as the "Property".
<br />
<br />BORROWERS COVENANT that Borrowers are lawfully seised of the estate hereby
<br />conveyed and have the right to grant and convey the Property and that the Property is
<br />unencumbered. Borrowers warrant and will defend generally the title to the Property against all
<br />claims and demands, subject to any encumbrances of record.
<br />
<br />COVENANTS. Borrowers and Lender covenant and agree as follows:
<br />
<br />1. Payment of Principal; Prepayment and Late Charges. Borrowers shall promptly pay
<br />when due the principal on the debt evidenced by the Note and any prepayment and late charges
<br />due under the Note. Prepayment of principal or any part thereof, shall be allowed without the prior
<br />written consent of Lender.
<br />
<br />2. Charges; Liens. Borrowers shall pay all real estate taxes and assessments attributable
<br />to the Property which may attain priority over this Security Instrument, and leasehold payments
<br />or ground rents, if any.
<br />
<br />Borrowers shall promptly discharge any lien which has priority over this Security
<br />Instrument unless Borrowers: (a) agree in writing to the payment of the obligation secured by the
<br />
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