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�� ' � GEED OF TRUST
<br />3?�- 143292
<br />THIS DEED OF TRUST, made this _Zs.�- _dayof_V -e, ,t�_•, +,g ]__,,byandamongl ' rad W. GiesenhaTen and
<br />r ie S. Gi resenN3R6 en hl.sband and r and i' ' 5. es nha en are 1 ,r a Doyle
<br />G, U3: TV a 07TH'"- `YtZ[s�a't�a `a in ng address .c { Street{. •..� rt3?t�° tea^ d(tn ( i. "•C r - -.. -_
<br />(Sr to gna -zip) — CO --_.- 81237 (herein "Trustor"); and ?dank _ o f Doni .tan
<br />t _ whose
<br />mailing address is (Street) E!-n_ Box P (City) Doni 12har `(State and Zip) its 2
<br />(Hareln "Trustee" y and _ Dank O f Dord DY.a _n__ —,whose mailing address is (Street) _ P.O. Box
<br />H (city) Doninhan (state and Zip) _ "1E 688
<br />(herein "Beneficiary"),
<br />FOR VALUABLE CONSIDERATION, including the indebtedness Identified herein and the trust herein created, the receipt of which is hereby
<br />acknowledged, Trustor Irrevocably grants, transfers, conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for ;he 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:
<br />The South Half of the Northeast :- ,uarter (341V-) 35,10-9 and the North Half
<br />of the Sou.theast Quarter („'SE ) 314-1n -9 all in Hall County, Nebraska.
<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, rights -of -way, tene-
<br />ments, hereditaments and appurtenances thereof and thereto; an oil and gas rights and profits, water rights and water stock; all right, title and
<br />interest of Trustor, now owned or hereafter acquired, in and to any land lying within the right -of -way of any street or highway adjoining the real
<br />property, any and all buildings, fixtures, improvements, and appurtenances now or hereafter erected thereon, or belonging thereto, (herein
<br />referred to as "improvement" or Improvements -q; 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 ✓-..r a or any part of the real property.
<br />All of the foregoing estate, property and interest hereby conveyed to Trustee herein collectively referred to as the "Property ".
<br />THIS DEED OF TRUST SHALL SECURE
<br />tai The payment of indebtedness evidenced by Trustor`s note of even date herewith In the principle sum of O ne H tindred Fi ft y
<br />Thousand a d doll»
<br />Dollars (9-15`71 `' 1 — -111 � - ). together with interest at the rate or rates provided therein. (herein, together with any and all
<br />renewals, modifications, "it 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, the final payment of principal and interest. if not sooner paid and if no
<br />renewals, modifications or extensions are made• due and payable on,
<br />(b) The performance of each agreement and covena._r of Trustor herein contained; and
<br />(c) The payment of any sum or sums of r,,oney with interest thereon which may be hereafter paid or advanced under the terms of this Deed of
<br />Trust.
<br />(d) The payment of any future advances necessary to Protect the security or any future advance made at the option of the parties; and
<br />(a) The performance of an obligation of any other person named in this Trust Deed to a bent ciary.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES As FOLLOWS:
<br />1. Payment of Pdnelpal and Interest. TrUStOr shall promptly pay when due the principal of and interest on the indebtedness evidenced by the
<br />Notts, and alt 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
<br />2 WarreMy of TRW Trustor is lawfully seized and poasassed of good and indefeasible title and estate to the Property hereby conveyed and has
<br />the fight 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.
<br />3- VsYrNnance and ContpBarlOe with Laws. Trustor shall keep the Properly in good condition and repair and shall not commit waste or permit
<br />impairment or deterioration of the Prop" and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. No Improve-
<br />ment, now of Hereafter erected upon the Property shall be altered, removed or demolished without the prior written consent of Beneficiary, Trustor
<br />shalt comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the Property and not commit, suffer, or per-
<br />mit any act to be done in or upon the Property in violation of any taw, 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, ail claims for labor performed and materials furnished therefore and for any alterations thereof,
<br />i- hrwranea- Trustor, at its expanse, will maintain with insurors approved by Beneficiary, insurance with respect to the Improvements and per -
<br />sonal Property, constitut(ng ttte Property, against loss by fife, 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 maintained pursuant to this Deed of Trust shall name Trustor and Beneficiary as In-
<br />surOds, 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 policy 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.
<br />5. Ts"116 Aaseasm mta; and Chergaa- Trustof shall pay all taxes. assessments and other charges, including, without limitation. lines and im.
<br />Positions attributable to the Property, and teaaehold payments or ground rents. if any. before the some become deliquent. Trustor shall promptly
<br />fEgnish 1108eneficlary all notices of arnoutits due under this paragraph, and in the event Trustor shall make Payment directly, Trustor shall prompt-
<br />ly furnish to Beneficiary receipts evitlencing such payments. Trustor shall pay all taxes and assessments which may be levied upon
<br />Bemeficlary•s Interest herein or upon this Dead of Trust without regard to any law that may be enacted imposing payment of the whole or any
<br />pert thereof upon the Beneficiary.
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