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~.~..... --- ~ ~ _~ m ~~ a~ ~ ~ Z 7C ~ `° c°° n ~ y ~ - ~ _ CT ~ ~`' `~ ~ o kin ~ ~ a ca "" ~ cry CJl ~~ p a~ ~ r*^i ~ ~ G.7 7c ~ C _ ~ ••~~ C.~ cl1~ ry ~ Z --- - a DEED OF TRUST With Power of Sale Trusfors: Roland En el and Sandra E. En el, Husband and Wife Marital Status: Married Beneficiary: Janna Cornelius and Roland Engel as Trustees of the Raymond C. En eI Trust dated A ril 26, 1999 Trustee: MNchael J. Tye, Esq. 1415 Central Avenue, P.O. Box fi36 Kearne , NE 68848-0636 Princi al Sum of Promisso Note: $161,392.92 Promisso Note Date of Execution: p, ucru s t 1 a, 2 0 0 Last Installment Due Date: Trustors, in consideration of the Principal Sum, as stated above, conveys to the Trustee, in trust, with the Power of Sale, the following described real estate (as defined in Neb. Rev. Stat. § 76-201): The Southwest 4uarter (SW1/4) of Section Thirty-Six (36}, Township Eleven (11) North, Range Eleven (11), West of the 6th P.M., of Hali County, Nebraska. hereinafter referred to as "PropertyU. This is a Purchase Money Deed of Trust Trustors covenant that Trustors are lawfully seised of such Property and that it is free from encumbrances; that the Trustors have legal power and lawful authority to execute this Deed of Trust; and that the Trustors warrant and will defend title to the Property against the lawful claims of ail persons. The Trustors and Beneficiary covenant and agree as follows= 1. Pa meat of Promisso Na .Trustors shall promptly pay when due the principal of and interest on the debt evidenced by this Deed of Trust and Promissory Note of even date herewith, the last installment of which is due as described above, together with all sums advanced by the Beneficiary to protect the Property, with interest thereon at the default rate as provided in the Promissory Note. 2. Taxes & Assessments. All taxes related to the Properly for 2gg8 and all prior years shall be paid by Beneficiary at or prior to closing, Any tax related to the Property for 2gg9 shall be prorated to the date of Closing based on the most recent property valuation and the most recent mill Ievy. Any special assessment arising out of any improvement completed or under construction prior to Closing, whether then levied or unlevied, assessed or unassessed, shall be borne by Beneficiary. Beneficiary shall pay any and all transfer taxes or similar fees which are payable upon the recording of the warranty deed from Beneficiary to Trustors. 3. Insurance. Trustors shall maintain adequate property hazard insurance far the replacement value of the Properly, and any improvements thereon, or its equivalent, with a mortgage clause providing a Ions payable to the parties as 'their respective interests may appear until such time as the entire purchase price as set faith in this Deed of Trust and the Promissory Nate are paid in full. In case ~~ r