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I GEED OF TRU 5— 001616 THIS DEED OF TRUST, made this __24t�,_ day of _44az4 , ig _, by and among Louis R. Engel and Joyce N. Engel wnose mailing address is (Street) RR #1 (Cltv) Doni P hall � Nebraska _. (State and Zip) 68832 (herein "Trustor "); and Bank Of DOniphan whose mailing address is (Street) _ 118-190 n7 rm St (City) Dori than (State and Zip) _NE 6R R 32 (Herein "Trustee,,); and _ Rnnk of Mnip,han , whose mailing address is (Street) � St. (City) Doni han P (State and Zip) NE 68832 _, (herein "Beneficiary'). FOR VALUABLE CONSIDERATION, including the indebtedness Identified herein and the trust herein created, the receipt of which is hereby acknowledged, Trustor Irrevocably grants. transfers, conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and sscur- Ity of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real property described as follows: A tract of land comprising a part of the Southeast Quarter of the Southwest Quarter (SEaSIV;) Of Section Fourteen (14) Township Nine (9) North, Range 'Fen (10) Nest of the 6th P.M. in Hall County, Nebraska, more particularly described as follows: Beginning at the southeast corner of said Southwest Quarter (SIV4); thence westerly along the south line of said Section Fourteen (14), a distance of �ix Hundred Fifteen and Thirty Seven Hundredths (615.37) feet; thence deflecting right 125' 24153" and running northeasterly, a iliStaiiC% of one i h;aisai,d l y e and Sixty Four Hundredths (1,055.64) feet to the East line of saie Southwest Quarter(SVI); thence southerly along the east line of said Southwest Quarter (SW 41); a distance of Eight Hundred Sixty and Twenty Seven Hundredths (860.27) feet to the place of beginning and containing 6.076 acres more or less of which 0.459 acres more or less are presently occupied by county road right -of -way. TOGETHER WITH, all rents, 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 law and In equity, which Trustor now has or may hereafter acquire in the real property: all easements, rights -of -way, tene- ments, hereditament$ 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 10 any land lying within the right-of-way of any st,eet or highway adjoining the real Property, any and all buildings, fixtures, improvements, and appurtenances now or hereafter erected thereo,. 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- chase in lieu thereof, of the whole or any part of the real property. All of the foregoing estate, property and interest hereby conveyed to Trustee herein collectively referred to as the "Property ". THIS DEED OF TRUST SHALL SECURE: (a) The payment of Indebtedness evidenced by Trustor's note of even date herewith in the principle sum of FDollars (s 47 , 000.00 0 1, together with th erest at the rate or rates d intere thereiand all with th 1 modifications, forth and extensions thereof, referred to as the "Note") both principal and interest on the Note being payable in accordance with the terms set forth therein, reference to which Is hereby made, the f al dymenl of principal and interest, if not Sooner paid and if no renewals, modifications or extensions are made, due and payable on (b) The performance of each agreement and covenant of Trustor herein contained; and (c) The payment of anv v„m or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this Deed of Trust. Id) The payment of any future advances necessary to protect the security or any future advance made at the option of the parties; and (a) 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: I. PSYRmt of Principal and Interest. Trustor shall promptly pay when due the principal of and interest on the indebtedness evidenced by the Note, and all other charges and fees as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed of Trust 2. Warr" of Title. Trustor is lawfully seized and possessed of good and ndefeasible title and estate to the Property hereby conveyed arid has the right to grant and convey the Property; the Properly is free and clear of all wens and encumbrances except (fens now of record: and Trustor will warrant and defend the title to the Property against all claims and demands. 3. M4W4wN ogand Comptllaince with Laws. Trustor shall keep the Property in good condition and repair and shall not commit waste or permit impairment or deterioration of the Property and shall comply with the provisions of any lease it this Deed of Trust is on a leasehold. No improve- ment, now or hereafter erected upon the Property shalt be altered, removed or demolished without the Prior written consent of Beneficiary. Trustor nhA11 Comply with All IAwA ordinances, reQUlaf nna mlt any act to be done in or upon the Property in violation of any law, ordinance, regulation, covenant, condition or restriction. Trustor Shall com• plots or restore 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'urnished therefore and for any alterations thereof. a. Ihewarlee. Trustor, at Its expense, will maintain with insurors approved by Beneficiary, insurance with respect to the Improvements and per• sonal property, constituting the Property, against 1055 by fire, lightning, tornado, and other perils and hazards covered by standard extended Coverage endorsement, in an amount equal to at least one hundred percent of the full replacement value thereof and insurance against such other h ■¢ands and In such amounts as is customarily carried by owners and operators of similar properties or as Beneficiary may require for its Protection . Trustor will Comply with such other requirements as Beneficiary may from time to time requesi for the protection by insurance of the interests of the respective parties. All Insurance policies maintained pursuant to this Deed of Trust shall name Trustor and Beneficiary as in• sureds, as their respective interests may appear, and provide that there shall be no cancellation or modification without any less than 15 days prior written notification to Trustee and Beneficiary. In the event any policy hereunder is not renewed on or before 15 days prior to its expiration date, Trustee or Beneficiary may procure such Insurance in accordance with the provisions of paragraph 7 hereof. Trustor shall deliver to Beneficiary the original policies of Insurance and renewals thereof or memo copies of such policies arid renewals thereof. Failure to furnish such insurance by Trustor, or renewals as required hereunder shall, at the option of Beneficiary, constitute a default. 5. Taxes, AaeeeaMllts, and Charpea. Trustor shall pay all taxes; assessments and other charges, including, without limitation, fines arid im• Positions attributable to the Property, and leasehold payments of ground rents, it any, before the same become deliquent. Trustor shall promptly furnish to Boneliclary all notices of amounts due under this paragraph, and in the event Trustor shall make Payment directly, Trustor shall prompt. iy furnish 10 Benaticiary receipts evidencing such Payments. Trustor $hail pay all taxes and assessments which may be levied upon BenetiCtary's Interest herein of upon this Deed of Trust without regard to any law that may be enacted imposing payment of the whole or any Part thereof upon the Beneficiary. 0a`�ff 1 7