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<br />51 hill FNttt credit DIa1HNt _._ 6 U
<br />ACKNOWLEDGMENT
<br />The undersigned Trustor(s) hereby acknowledges and understands that (a) the security document below to he executed is a Trust
<br />Deed, and not a mortgage and (b) the power of asks provided for In th*Trust Deed provides substantially different rights and obligations
<br />to the Trustor(s) than a mortgage in the event of a default or breach of obligation. The Trustor(s) further represents and agrees that this
<br />certification hie IT read and executed in connection with, but prior to, the Trustors' execution of the following Trust Deed.
<br />Dot this AM day of !str:___ -_- to
<br />--ter er ^Koch a en Koch
<br />EE •IGNEO PRIOR TO EXECUTION OF DEED OF TRUST,
<br />AND ASSIGNMENT OF RENTS
<br />This Trust Deed and Assignment of Rents referred to In the above acknowledgment is made this /L ' day
<br />of Ogjobg '19 97 ,by,ndamong Herbert I:och (aka Herbert A.J.
<br />Koch) and Helen Koch, husband and wife
<br />"Trualor(s) ", whose mailing addreesis Rt. #1, Box 256 Grand Island, NE 68303 and
<br />Federal Land Bank of Omaha "Trust«;' whose mailing address is
<br />206 South 19th Street Omaha, NE 08102,114ths Federal Land Bank of Omaha
<br />"Benef c ary", whoa mailing address Is 206 South 19th Street, Omaha, Nebraska 119102, Inconsideration of the advance by Beneficiary to
<br />Trustor(s) of the principal sum specified below, the receipt of which Is hereby acknowledged, and any future, additional orprotective advances
<br />made to or on behalf of Trustor(s) at Beneficiary's option, Trustor(s) Irrevocably transfers, conveys and assigns to Trusts, INTRUST, WITH
<br />POWER OF SALE. for the benefit and security of Beneficiary, Its successors and assigns, under and sub(ectto the terms and conditions of this
<br />Trust Deed, the real property, located In the County of — Hal 1 1 State of Nebraska, and described as follows:
<br />S_ IL Its.
<br />SW1/4 ------------------------------------------------- - - - - -- 14
<br />N1 /2SE1 /4; and tract described as foliovs: Conmencinn at UP
<br />Southeast corner of the NE1 /4, runnier: thence in a nort'1erl-
<br />direction for a distance of 13.5 rcc{s, thence in a westerly
<br />direction fora distance of %GO rods, thence in a southerly
<br />direction for a distance of 14.5 rods, thence along the south
<br />line of said HE1 /4 in a easterly direction for a distance of
<br />160 rods to the place of be�linning and containing 14 acres,
<br />moreor less ------------------------------------------- - - - - -- 23
<br />All in -------------------------------------------- - - - - -- 12N 10W 6th P.M.
<br />Together with all wells, pumps, motors, and equipment located on
<br />i^nd used to irrigate said premises, and any a.dditions to or
<br />replacements thereof, w)ich items are declared to be a part of
<br />the mortgaged prer:iises and appurtenant to said real estate.
<br />(This Deed of Trust is filed to supplement the following
<br />mortgage: Loan 4309 -01- 3361747, mortgage filed as instrument
<br />#73- 003938 in ilortgage Records of Hall County, Nebraska. This
<br />Deed of Trust is given as additional security and in considera-
<br />tion of the original loan #309 -01- 8361747 and in further con-
<br />sideration of a Restructure Agreement modifying the notes
<br />secured br the mortgage. In the event of default under the terns
<br />and conditions of the mortgage stated above in connection with
<br />said original loan, or default under the terms of this Deed of
<br />Trust, the mortgage may be foreclosed and beneficiary herein
<br />may exercise its remedies as provided in paragraph #7.)
<br />together with all Trustor(s) right. title and interest In said property, now or hereafter acquired, including all buildings. fixtures, crops and
<br />improwmenb now on or Mreafler placed upon said real property; including also all appurtenances, water, irrigation, and drainage rights; and
<br />aN ra , issues, uses, income, proNts, and rights to posm"on; all oil, gas, gravel, rock or other minerals of whatever nature, including
<br />geothermal resources: and all personal property that may integrally belong to or hereafter become an integral part of said real estate whether
<br />attached or detached, Including any appurtenances and accoutrements of any residence secured hereby, and all above and below ground
<br />lrrfgaflOn equipment and accessories, and all leases, peronNS, licenses or privileges, appurtenant or nonappurtenant to mid premises, now or
<br />hereafter Issued, extended or renewed by Trustor(s), any State, the United Stales or any department, bureau, Instrumentality or agency thereof.
<br />AN of which is hwou dsr collectively relerced toss the "Trust Estate."
<br />K is wuMrMsd and areled iss weer Tnte"s) and EeneMolrry that thin That Dead ks given to "cues:
<br />(a) A promissory note or notes together with interest thereon executed by Trustor(s) to Beneficiary and described as follows:
<br />Dade N Neal Prins" AmowN Date of NON Principal Amount
<br />June 20, 1978* $,147,400*
<br />$17n,nOn
<br />pOyableaeeadingtolM terms ofadnam e). as modified by a Restructure Adreenent dated
<br />(b) And the repayment in full by Trustor(s) of any and all future and additional advances which maybe made by Beneficiary, at its option, at
<br />the request of, and to or for the account of Trustor(s), or any of them, for any purpose, plus interest on all such advances, under any nnte(s) or
<br />Other inelrumenl(a) taken in refinancing, extending, renewing, reamortizing or restructuring such indebtedness or any part thereof, all "
<br />psysible according to the terms of sad motels) or other instrument(s); provided, however, that the total principal indebtedness Outstanding
<br />and "cured hereby at any one time shall not exceed the sum of
<br />One Hundred Seventy Thousand --------- -- - --- _- --_-- 1711 nnn nn
<br />exclusive of Interest and of the protective advances authorised herein or in the loan agreement(s); provided, further, that THIS PARAGRAPH
<br />SHALL NOT CONSTITUTE A COMMITMENT TO MAKE FURTHER OR ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME.
<br />WHETHER OR NOT THE TOTAL PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED
<br />Udte dnd Amoulit of uriginal note, J
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