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DEED OF TRUST
<br />WITH
<br />POWER OF SALE 86- 106 740
<br />THIS DEED OF TRUST WITH POWER OF SALE, made this 18th
<br />day of November, 1986, by and among LESLIE N. STELK, whose
<br />mailing address is Route 2, Box 105, Grand Island, Nebraska
<br />68801, (herein "Trustor "); and BANK OF WOOD RIVER, whose
<br />mailing address is 110 E. 9, Wood River, Nebraska 68883,
<br />(herein "Trustee "); and BANK OF WOOD RIVER, whose mailing
<br />address is 110 E. 9, Wood River, Nebraska 68883, (herein
<br />"Beneficiary ").
<br />FOR VALUABLE CONSIDERATION, including the indebtedness
<br />identified herein and the trust herein created, the receipt
<br />of which is hereby acknowledged, Trustor irrevocably grants,
<br />transfers, conveys, and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Beneficiary,
<br />under and subject to the terms and conditions of this Deed
<br />of Trust, the real property located in Hall County, Nebraska,
<br />and legally described as the Southeast Quarter of the South-
<br />west Quarter (SEhSWk) and the Southwest Quarter of the South-
<br />east Quarter (SW;SEd), of Section Eleven (11), Township Ten
<br />(10) North, Range Ten (10), West of the 6th P.M., Hall County,
<br />Nebraska.
<br />TOGETHER WITH, all rents, profits, royalties, income
<br />and other benefits derived from the real property; all
<br />leases or subleases covering the real property or any portion
<br />thereof, now or hereafter existing or entered into, and all
<br />right, title and interest of Trustor thereunder; all interests,
<br />estate or other claims, both in law and in equity, which
<br />Trustor now has or may hereafter acquire in the real property;
<br />all easements, rights -of -way, tenements, hereditaments and
<br />appurtenances thereof and thereto; all oil and gas rights
<br />and profits, water rights and water stock; all right, title
<br />and interest of Trustor, now owned or hereafter acquired, in
<br />and to any land lying within the right -of -way of any street
<br />or highway adjoining the real property, any and all buildings,
<br />fixtures, improvements, and appurtenances now or hereafter
<br />erected thereon or belonging thereto, (herein referred to as
<br />"Improvement" or Improvements "); and any and all awards made
<br />for the taking by eminent domain, or by any proceeding or
<br />purchase in lieu thereof, of the whole or any part of the
<br />real property.
<br />All of the foregoing estate, property and interest
<br />hereby conveyed to Trustee herein collectively referred to
<br />as the "Property ".
<br />THIS DEED OF TRUST SHALL SECURE:
<br />(a) The payment of indebtedness evidenced by Trustor's
<br />note of even date herewith in the principal sum of FIFTY
<br />THOUSAND AND NO , /100 DOLLARS ($50,000.00), together with
<br />interest at the rate or rates provided therein, (herein,
<br />together with any and all renewals, modifications, and
<br />extensions thereof, referred to as the "Note ") both principal
<br />and interest on the Note being payable in accordance with
<br />the terms set forth therein, reference to which is hereby
<br />made, the final payment of principal and interest, if not
<br />sooner paid and if no renewals, modifications or extensions
<br />are made, due and payable on November 17, 1996; and
<br />(b) The performance of each agreement and covenan': of
<br />Trustor herein contained; and
<br />(c) The payment of any additional sum or sums of money
<br />with interest thereon which may be hereafter paid or advanced
<br />under the terms of this Deed of Trust; and
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