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i DEED OF TRUST NON i This Deed of Trust, made this day of '19 by and between Laura Pokorrey a widowed person whether one or more, hereinafter called the "Trustor ", whose mailing address is Kenneth C. Fritzler hereinafter called the "Trustee ", whose mailing address is 412 East 25th. Kearney, Nebraska 68847 and Platte Valley State Bank & Trust Co. hereinafter called the " Beneficiary ", whose mailing address is 2222 First Avenue. Kearney, Nebraska 68847 WITNESSETH: WHEREAS, under even date herewith, Trustor executed and delivered to Beneficiary a Promissory Note payable to Beneficiary in the principal sum of $ which note will be referred to herein as the "Note" or the "Note Secured Hereby ": NOW, THEREFORE, for the purpose of securing payment of the Note, according to its terms and any extension or renewals thereof, and for the purpose of securing performance by Trustor of the agreements herein contained, Trustor irrevocably grants and transfers to Trustee, in trust, with POWER OF SALE, all of the following described real estate situated in Hall County, Nebraska, hereinafter called the "Described Premises ": The West Half of the Southwest Quarter (WhSW;) of Section Seven (7), In Township Ten (10) North Range Twelve (12) West of the Sixth Principal Meridian together with all buildings. fixtures and improvements upon the Described Premises, whether now or hereafter existing, all rights-of-way, easements, rents, issues, profits, income, tenements, hereditaments. privileges and appurtenances belonging, used or enjoyed in connection with the described premises, or am• part thereof Isubject, however, to he the right. power and authority of Trustor to collect and apply such rents. issues, profits and income as they become due and pay- able, so long as no default exists hereunder) and all proceeds of conversion. voluntary or involuntary. of any of the fore going into cash or liquidated claims, including, without limitation, proceeds of insurance and condemnation awards, all of which collectively is hereinafter referred to as the "Trust Property'% IT IS AGREED, without affecting the generality of any of the foregoing provisions, that all heating. cooling, air con ditioning and plumbing appliances and equipment now or hereafter attached to• or built in, any building or improvement, now or hereafter erected upon the described premises, shall be deemed fixtures and a part of the realty. and are a portion of the• Trust Property. TO HAVE A ND TO HOLD the "Trust Property upon and subject to the trusts and agreements hereinafter set forth: I. Trustor agrees to punctually pay the principal of, and interest on, the Note on the dates and at the place and in the manner provided therein and to punctually perform all agreements. conditions and provisions of any other security instru ment given in connection with this transaction. ^. Trustor, at its expense, will maintain and preserve the lien of this Deed of Trust. as it first and paramount lien upon iht- Trust Property. will cause this Deed of Trust, and eae•h amendment or supplement thereto. to he filed and recorded as a mortgage of t he Trust Property in such manner and in such placed, and will take such other action as in the opinion of Trustee may be required by any present or future law in order to perfect, maintain and protect the lien of this heed of Trust, as the same may he from time to time amended or supplemented. 3. If title to any part of the Trust Property shall be taken in condemnation proceedings, by right of eminent domain or similar action, or shall he sold under threat of condemnation, all awards, damages and proceeds are hereby assigned and shall be paid to Trustee who shall apply such amount to the prepayment of the Note. Trustor will promptly, and with due diligence, repair, alter and restore the remaining part of I he Trust Property io its former condition substantially to t he extent that the same may he feasible and so as to constitute a complete and usable unit. f. Trustor, at its expense, will maintain with insurers approved by Beneficiary insuruace with respeel to the ire provements and personal property constituting the Trust Property against loss by fire, lightning. :in(] other perils covered by standard extended coverage endorsement, in an amount equal to at least 100t!4a of the full replacement value thereof: and insuranwe against such other hazards and in such atnootil its is customarily carried by owners and operators of similar properties and as Beneficiary ntay require for its protection. 'Trustor will comply with such other requirement as Ilene firiary may from time to tirne request for the protection by insurance of the interest of the respective parties. All insurance policies maintained pursuant to this Deed of 'Trust shall name Trustor, 'Trustee and Beneficiary as insureds, as their re••spective° interests may appear, and provide there shall he no cancellation or modification without 15 days prior written notification to'Trustee and Beneficiary. In the eyeot any puliev hereunder is not renewed on or before £belays prior to its expiration date, 'Trustee or Beneficiary may procure such insurance, pay the premiums therefor, and such wms shall immediately become due and payable with interest at the rate of 9% per annum until paid and shall he secured by this (toed of trust.. All policies of insurance required by this Deed of 'Trust shall he delivered to and retained by 'Trustee. Failure of Trustor to furnish such insurance, or renewal as are required hereunder. or Imiure lo pay an•r ,anus adaamed hereunder shall, m the option of Ba m firiary onslitutf, ale fault. All unearned premiums are 1wri,hi ii,s,jmvd i,. Trustee a, mldi lional security and a sale and eunarvan r of fliv I'rwo Prnperl} by the Trusrre• shall operate• io convey tea the purchaser the'Trustor's interest an rand loall pobries of insimin t, upon i be Trust Prnpert }.