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<br />TRUSTO RS WWTTER AC KMOWLEDAMINT
<br />Carolyn J. Bilsiend 100902
<br />na undersigned, Walter L. Bilslend and' hereby certify and ac).nowledge that, before signing and
<br />emoted -ng the baiow. r and .sign. +his written Acknowledgment and, by vlr +utw . hereof, the
<br />undersigned understand, and understood before signing .said Deed of Trust, that said Deed of Trust is a Trust Deed
<br />a" not a mortgage 8" that the power of sore provided In said Dead of Trust provides substentlally different
<br />rights and abligatians to the undersigned than a mortgage In the event of a default or breach of abiigation under
<br />the said Trust Died, judicial proceeding lormtforeciosure. Thherundersignedhrepresent end warrant�ety+hisdWritte
<br />Trustee without any j
<br />Acknowledgment was aeoecuted by them before the execution of the Trust Deed. This Mritten Acknowledgment Is
<br />appended a preface to and merle a Part of the below Deed of Trust.
<br />taalter L Bilslend TRUSTOR Carolvn S. Bill�;lend TRUSTOR
<br />TRUSTOR
<br />DEW OF TMJST
<br />TRUSTOR
<br />THIS DEED OF TRUST, made this 18th day of October I A.D. 1985 by and
<br />between Walter L Bilclend and Tarolvn J Bilslend husband aFd wife
<br />of the County oT nails "" ° "" " _' County, Nebraska,
<br />and James ° a
<br />THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
<br />hereinafter called "Trustee ", and . a New Ynrk
<br />Corporation, having i +s principal office and post office address at
<br />1285 Avenue of Americas, New York,New fork
<br />hereinafter called "Beneficiary ";
<br />WITNESSETH, That the Trustor, for good and valuable consideration, including the debt and trust hereinafter
<br />mentioned and created, and the sum of one dollar to him paid by the said Trustee, the receipt and sufficiency of
<br />which is hereby acknowledged, does by these presents, irrevocably grant, bargain and sell, convey, assign and
<br />confirm unto the said Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under
<br />and subject to the terms and condition of this Deed of Trust, the following described reel property situated
<br />in Nurkollc R Ball County, Nebraska, to -wit:
<br />The Southeast Quarter (SE-41) and the 'Nest Half of the Northeast Quarter (W!:?-NE4-) and the
<br />East half of the Northwest Quarter (EsNW4'), all in. Section Seventeen (17), Township One (1)
<br />North, Range Seven (7) West of the 6th P.M., Nuckoll.s County, Nebraska, and
<br />The West Half of the Southwest Quarter (W2SW4) of. Section Twenty—six (26), Township Ten
<br />(10) North, Range Eleven (11) West of the 6th P.M., Hall County, Nebraska, and
<br />(continued on attached sheet)
<br />containing 508.4 acres, more or less.
<br />TOGETHER with and including all and signular the tenements, hereditaments, appurtenances and privileges
<br />include,
<br />x
<br />thereunto belonging or In anywise appertaining, whether now or hereafter acquired, which shall without
<br />§
<br />limiting the generality of the foregoing, the following:
<br />'
<br />All of the rents, issues and profits, including all rents, royalties, bonuses and benefits under any
<br />rights of
<br />existing or future oil, gas or mineral or other leases; all easements and rights of way; all
<br />°r
<br />homestead and homestead exemption and any surviving spouse's marital or distributive, share, and all
<br />other contingent rights in and to said premises; all water, water rights, whether riparian,
<br />whether or not appurtenant, ell ditch rights, and any shares of stock
<br />appropriative or otherwise and
<br />evidencing any such water or ditch right; and
<br />All fixtures, improvements, buildings, and the plumbing, heating, ventilating and lighting systems and
<br />equipment therein; all born equipment; and all purrs, pumping stations, motors, engines, machinery,
<br />tractors, used for +he
<br />reservoirs, pipes, flumes, lances, and other machinery or equipment, except
<br />or for the Irrigation or drainage thereof, all of which shall be
<br />production of water on said premises
<br />construed and considered as affixed to and part of the real estate.
<br />All of the foregoing estate, property and interest hereby conveyed to the said Trustee is hereinafter
<br />collectively referred to as the "Property ".
<br />TO RAVE AND TO HOLD the same unto the said Trustee, his successors and assigns, forever, IN TRUST H �yose of
<br />for +he WITH POWER OF SALE hereby expressly granted unto the said Trustee, his successors, and asslons
<br />securing:
<br />(a) The payment of Trustor's Just indebtedness to Beneficiary in the principal sum
<br />of Three Hundred Thousand Dollars !$;-300 0 0 00 ) for money borrowed, with interest
<br />%fihat car *min pranissory note, hereinafter
<br />thereon, a as evI y and ct eccordence wif}j'ferms
<br />tailed the "Note", bearing even date herewith made payable to the order of Reneficlarv, executed by Walter L.
<br />Bilslend afld Carol n J. Bilsle,,d husband and Wile , and providing for the payme�o
<br />n ns a s, a o c s en pays a u u t 1 subject to
<br />acceieratian of maturity on default in the payment of any Ins men o pr nc Pa or nZ nterest� or in the
<br />perforce of any covenant, agreement or warranty contained in this Deed of Trust;
<br />(b) The performance of each agreement, covenant and warranty of Trus+or herein contained or sef forth In +he
<br />Note or sny agreement or ins+rument executed by Trustor in connection with the Indebtedness hereby secured; end
<br />(c) The payment of any sum or sums of money wl +h Interest thereon which may be hereefter pal!i or advanced
<br />under +he'talrms of +his Deed of Trust.
<br />WPM, TiEfEFOW, TC PROTECT THf. SECURITY OF THIS DEED OF TRUST, Trus +or does for himst+!f end for Tr-us+nr'c
<br />heir's, repreoentativwt:, wendees, Successors and assigns, the owners of said Proper- +y, herebv expressly row",,Mnt,
<br />owes and warrant to and with the Trustee and Beneficiary, and their successors, vNndees and es:Slnns:
<br />4•
<br />FikST: That the Trustor nest >y covsnanis end agraes. to the e� +•nY p�rmii +,� by 'ar, es ratio,. s,: n +
<br />eay px'pel t I } wMan due T#,* pr i nc 1pa: and i nf*rpst and nl her SUMS .f winev C.. ^L }w . r•. r hE- N iF anN n +.� I �.
<br />+s 'w n nK+;•ve+ ,.ro 'er
<br />F of :rvst::b) s•: M'um4!ty .+ay Lse1Gr'a 9eii!cqutenCV a'.) +ax. -r. r.?se 'fir :t
<br />Proper +v, -he TfMS +t7.r ir•terea+ thervin, or upon Yy +i +m:,^ ,,. r,,. ta. rvtrte�.^, n..w:+vwr,
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<br />"Ov r�xaTt(J@ •�� ♦ ,q Il,f prnvi di no -nr +hn +axF ` },.+'a� {.� •. I...1 )ot'5
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