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B4 - X00721
<br />(b) the repayment of all other sums, with interest thereon, which
<br />may heretofore have been or hereafter be advanced by Lender to
<br />Trustor or Trustor's successor in interest or Trustor's succes-
<br />sor in title;
<br />(c) the repayment of all other sums, with interest thereon, ad-
<br />vanced in accordance with this Trust Deed to protect the secur-
<br />ity of this Trust Deed and the performance of the covenants and
<br />agreements of Trustor set forth herein; and
<br />(d) the repayment of any future advances, with interest thereon,
<br />made to Borrower by Lender pursuant to paragraph IS hereof,
<br />(e) the repayment of any other indebtedness of Borrower to Lender,
<br />including any and all loans or lines of credit, whether said
<br />loans or lines of credit are due in installments, periodically,
<br />on a revolving basis, or in a lump sum, and whether said loans
<br />or lines of credit result from the direct disbursement, over-
<br />draft, continuing commitments alone, or any other basis (THIS
<br />PARAGRAPH SHALL NOT CONSTITUTE NOR OTHERWISE BE CONSTRUED AS A
<br />COMMITMENT TO MAKE ADDITIONAL LOANS OF ANY KIND OR IN ANY
<br />AMOUNT),
<br />all of which indebtedness is herein referred to as the "Indebtedness ", Trustor does
<br />hereby irrevocably grant and convey to Trustee, in trust, with power of sale, the
<br />following described property located in the County of Hall, State of Nebraska:
<br />The Southeast Quarter (SEk) and the South Half (Sly) of the
<br />South Half (Sly) of the Northeast Quarter (NEB) of Section 3,
<br />Township 11 North, Range Ten (10) West of the 6th P.M., Hall
<br />County, Nebraska.
<br />TOGETHER WITH (i) all the buildings, structures and other improvements now
<br />or hereafter erected on the property, and (ii) all fixtures of every type and descrip-
<br />tion now or hereafter found or used upon or appurtenant to the property or any im-
<br />provement thereon; and (iii) all additions, accessions, increases, parts, fittings,
<br />accessories, or replacements, substitutions, betterments, repairs and proceeds of or
<br />to any or all of the foregoing; and (iv) all hereditaments, easements, appurtenances,
<br />rents, issues, profits, royalties in mineral, oil and gas rights now and hereafter
<br />pertaining to the property or any improvement or fixture thereon (all of the fore-
<br />going are herein called the "Property ").
<br />Trustor (except Arlene Mettenbrink) warrants and covenants that Trustor
<br />(except Arlene Mettenbrink) is lawfully seized in fee simple of the Property (subject
<br />to the life estate interest of Arlene Mettenbrink who, by joining in this conveyance,
<br />conveys her life estate interest in the property, in trust, to the Trustee in
<br />accordance with all of the terms and provisions of this Trust Deed), has the right
<br />and power to convey the Property, that the Property is free from liens, security
<br />interests and encumbrances, and that Trustor (including Arlene Mettenbrink) will
<br />warrant and defend title to the Property against all claims and demands whether now
<br />existing or hereafter arising, and that all buildings, improvements and fixtures now
<br />or hereafter located on the Property are or will be located entirely within the
<br />boundaries of the Property. The foregoing warranties shall survive the exercise of
<br />the power of sale herein conferred and /or foreclosure of this Trust Deed and shall
<br />run with the Property.
<br />TRUSTOR FURTHER COVENANTS AND AGREES AS FOLLOWS:
<br />1. Application o£ Payments. All payments received by Lender as to any
<br />indebtedness or as to any other debt, liability or obligation owed to Lender by
<br />Borrower may be applied by Lender to the payment of the Indebtedness or to any such
<br />other debt, liability or obligation, in any order or manner of application which
<br />Lender, in its absolute discretion, deems appropriate. Unless otherwise elected by
<br />Lender, any such payment shall be deemed applied first to the payment of any debt,
<br />liability or obligation other than the Note.
<br />2, Taxes; Charges Liens. Trustor will pay all, taxes and assessments
<br />before the same become delinquent and will otherwise keep the property free from all
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