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a DEED OFTAUST 87- 104669 ZM DEED OF TRUST, me"Into 25thdsyo1 !!y1y -_m___.,1987 by and among Wade R. & Holly L. 2ersen whose mailing address is (Street)_- Kuester Lake #8 icily) Grand Island (s#m wW Z40 NE 6UM __ (herein "Trustor"); and— Bank of Doniphan whose nabinq addr ss is (street) Box B (city). Doniphan .._ (State and zip) NE 68832 Bank of Doni ph= Box B (Mersin "Trustee -g and , whose mailing address is (Street) (City+ Doniphan _(Ststo"Z4p) NPs^ 68832 ,(heroin"Beneficiary "). FOR VALUABLE CONSIDERATION, Including the indebtedness identified herein and the trust herein created, the receipt of which is hereby acknawNdO$CL Thum krovotably grants, transitions, conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and secur- Ity of BauiHiciary, undw and subject to the terms and conditions of this Deed of Trust, the real property described as follows: .rots 3, 4t and 5, Eagle Lake Estates Subdivision, Hall County, Nebraska. TCKETHER WITH, all roots, profits, royalties, income and other benefits derived from the real property; all leases or subleases covering the real 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 other claims, both in taw and In equity, which Trustor now has or may hereafter acquire in the real property; all easements, rights-of-way, tene- malls, hersditaments and appurtenances thereof and thereto; all oil and gas rights and profits, water rights and water stock; all right, title and 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 property, any and all buildings, fixtures, improvements, and appurtenances now or hereafter erected thereon or belonging thereto, (herein referred to as "Improvement" or improvements "); and any and all awards made for the taking by eminent domain, or by any proceeding or pur- ohaN In ftu timeof, of the whole or any part of the real property. AN of the foregoing Ktate, property and interest hereby conveyed to Trusted herein collectively referred to as the "Property ".y_ THIS DEED OF TRUST SHALL SECURE: (et Tare payment of Indebtedness evidenced try Truslor's note of even data herewith in the principle sum of _ -$17,500-00 17,500• Dollars (S together with interest at the rate or rates provided therein, (herein, together with any and all renetvae, madiftsitions, and extenalons thereof, referred to as the "Note'l both principal and Interest on the Note being payable In accordance with Hro terms sal forth therein, reference to which Is hereby me", the it 1 y t of principal and Interest, if not sooner paid and If no rentroais, modifications or extensions are mate. due and payable on ..- -- - - - -. (Ill The performance of each agreement and covenant of Trustor herein contained; and (tg 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 Trust. (d) The payment of any future advances necessary to protect the security or any future advance made at the option of the parties; and (e) The performance of an obligation of any other person named in this Trust Deed to a beneficiary. TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS: 1. hpolor of PrItialliall and 1r►lier"L Truslor shall promptly pay when due the principal of and interest on the indebtedness evidenced by the q .. NOM W4810thWdW WW faesas provided in the Note, and the principal of and interest on any Future Advances secured by this Deed of Trust % bye isioll *1711111a Trusty is lawfully seized and possessed of good and indefeasible title and estate to the Property hereby conveyed and has the roll f grant and tforlvey the Property; the Property is free and clear of all liens and encumbrances except liens now of record: and Trustor will werrent and defaed the title to the Property against all claims and demands. Z: MMrMMMOa Mi Coospileme wth Lowe. Trustor shalt keep the Property in good condition and repair and shall not commit waste or permit ' ^� Nttpa#martt 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. ' rnsat, now of hereaft•r erected upon the Property shall be altered, removed or demolished without the prior written consent of Beneficiary. Trustor "d'A. sfnatt comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the Property and not commit, suffer, or per - mlt any act to bed" In or upon the Property in violation of any law, ordinance, regulation, covenant, condition or restriction. Truslor shall eom- plolo or reasons promptly and in good workmanlike manner any improvement on the Property which may be damaged or destroyed and pay, when due, all claims for labor performed and materials furnished therefore and for any alterations thereof. e. ittart , - Trustor, at its expense, will maintain with Insurors approved by Beneficiary, Insurance with respect to the Improvements and per sonai property, oonsttuting the Property. against loss by fire, lightning, tornado, and other perils and hazards covered by standard extended csverapa andorsemstat, In an amount equal to at least one hundred percent of the full replacement value thereof and Insurance against such other ids and to such amounts as is customarily carried by owners and operators of similar properties or as Beneficiary may require for Its protection. Truslor will comply with such other requirements as Beneficiary may from time to time request for the protection by Insurance of the intonsists Of the respective part. All insurance policies maintained pursuant to this Deed of Trust shall name Trustor and Beneficiary as in- "their respective interests may appear, and provide that there %hall be no cancellation or modification without any leas than 15 days prior wOtW notification to Trustee and Beneficiary. In the event any policy hereunder is not renewed on or before 15 days prior to Its expiration d, Trusted or Beneficiary may procure such Insurance In accordance with the provisions of paragraph 7 hereof. Trustor shall deliver to ealiteftury the poiicles of insurance and renewals thereof or memo copies of such policies and renewals thereof. Failure to furnish fly ow" insurance rustor, or renswae as required hereunder shah, at the option of Beneficiary, constitute a default. - S Tabs&, AsessMaettb, and CMges. Trustor shelf pay all taxed, assessments and other charges, Including, without limitation, fines and Im• to the Property. and leasehold payments or grouted rents, it any, before the same become deliquont. Trustor shall promptly f~ to Berief ery all notaxro of amounts due under this paragraph, and in the event Trustor shall make payment directly, Truslor shall prompt• to Beneficiary reco4ft evidencirgb such payments_ Trustor shall pay all taxes and assessments which may be levied upon arlr'e herein or upon this Wad of Trust without regard to any low that may be enacted imposing payment of the whole or any plat thforeof upon tiro Berisf q.