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IF or Um 01F Tom 87-- 101147
<br />BORROWEiS READ THIS BEFORE SIGNING:
<br />Borrowers (Trustors) understand that the document that the Borrowers are about to execute is
<br />a Deed of Trust and not a mortgage and that the power of sale provided for in the Deed of Trust
<br />provides substantially different rights and obligations to the Borrowers than a mortgage in the
<br />event of a default or breach of obligation under the Deed of Trust, including but not limited to,
<br />the L©nder's right to have the Real Property sold by the Trustee without any judicial proceeding
<br />or foreclosure. Borrowers represent an- warrant that this acknowledgement was executed by them
<br />before the execution of the Deed of Truest.
<br />- - - Borrower
<br />am Op Tl�T
<br />THIS DEED OF TRUST, is made as of the 25th day of February, 1487, by and among the Trustor,
<br />Richard Vogeler, whose mailing address is Elba, Nebraska 68835 (herein "Borrower "); the Trustee,
<br />Bank of Burwell whose mailing address is Burwell, Nebraska 68823 (herein "Trustee "); and the
<br />Beneficiaries, Robert Vogeler and Bertha Vogeler, husband and wife as joint tenants, whose
<br />mailing address is Scotia, Nebraska 68875 (herein "Lender").
<br />FOR VALUABLE CONSIDERATION, including the indebtedness identified herein and the trust herein
<br />created, the receipt of which is hereby acknowledged, Borrower hereby irrevocably grants,
<br />transfers, conveys and.assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and
<br />security of Leader, under and suuject to the terms and conditions hereinafter set forth„ the real
<br />property, described as follows:
<br />Lot 2, Block 1, Pleasantview Addition to the City of Grad Island, Nebraska
<br />This Deed of Trust is also secured by first lion on a 1987 Freightliner tractor Model No.
<br />KC12O64T Serial Number Lv4PYXYBfiHP3O5636.
<br />Together with all buildings, improvements, fixtures, streets, alleys, Passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise, pertamu g thereto, and the
<br />rents, issues and profits, reversions and remainders thereof; including; but not limited to,
<br />treating and cooling equipment and such personal property that is attached to the improvements so
<br />as to constitute a fixture; all of which, including replacements and additions thereto, is hereby
<br />declared to be a part of the real estate secured by the lien of this Deed of True and all of the
<br />foregoing being referred to herein as the "Property".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced
<br />by Borrower's note dated February 25, 1987 having a maturity date of 3 -1 -1941, in the original
<br />principal amount of $90,000.00 and any and all modifications, extensions and renewals thereof or
<br />thereto and my and all future advances and readvanees hereunder pursuant to one or more
<br />promissory notes (herein called "Note "),; (b) the payment of other sums advanced by Lender to
<br />protect the security of this Deed of Trust, with interest thereon as provided in the Note; and (c)
<br />the performance all covenants and agreement_ of Borrower set forth herein.
<br />Borrower, to protect the security of this Deed of Trust, covenants and agrees with Lender as
<br />follows:
<br />1. ]?Oapmellt of Principal and Interest. Borrower shall promptly pay when due the principal of
<br />and interest on, and any fees or charges provided in the Note or in this Deed of Trust.
<br />Z. Title. Borrower is the owner of the Property, has the right and authority to convey the
<br />Property, and warrants that the Tian created hereby is a first and prior lien on the Property,
<br />except as may otherwise be set forth herein, and the execution and delivery of this Deed of Trust
<br />does not violate any contract or other obligation to which Borrower is subject.
<br />3. Lmem, Am smamamts. To pay when due all taxes, special assessments and all other charges
<br />against the Property and, upon written demand by Lender, to pay to Lender such amount as may be
<br />sufficient to enable the Lender to pay much taxes, assessments or other charges as they become
<br />due.
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